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RE: Bitfinex Hack: 125,000 BTC Stolen; Total Market Value ~$75mill USD.
We'll see how Bitshares and Steemit weather this storm, I'm still going long on Steemit, but I admit to having liquidated a sizeable portion of my BTC holdings into fiat money and gold backed holdings..
My worry is that so much of the whole crypto landscape revolves around Bitcoin. Then again, if Bitcoin gets in trouble, then weathers the storm well, there could be some good value in sub 500 dollar Bitcoins in the coming weeks. Dunno. I wasn't around for the MTGOX thing. This is fucking crazy. MTGOX was supposed to be a one off.
Yeah, we might get some cheap bitcoins on the upswing, but damn it's going to be a bumpy ride once the big money catches up with the news and starts making moves. It could be a real domino effect if we run into solvency issues.