This hack made headlines recently when a busy Japanese excahnge was compromised and about 6% of the currency was stolen. Fair weather investors along with most speculators got scared off.
Cryptocurrencies have long been overweighted with long term hodlers, who see 10% swings and don't blink. Nobody should change their outlook based on an event like this, but rather watch the reaction to it.
The graduating student asked the venerable old master one last question, "What is the teaching of a lifetime?" To which the master replied after a moment of reflection, "An appropriate response."
The market's response to this is telling, and in my opinion, outright bullish! I'm a skeptic until an existential threat has been conquered.
Life, and by extension investing, is not about what happens, it's about how you respond to it.
Original article here: https://chainwars.one/nem-survives-first-disaster-earns-street-creds