Bitfinex Exchange Hacked Bitcoin Free Fall

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Bitfinex exchange has been hacked with loss of 199,756 btc. This hack, coupled with bitcoin still unable to scale, means Bitcoin is going down. I think it will take very deep pockets to keep Bitcoin propped up. I can see a drop below $300 coming. All cryptos are down, except ETC , which I still believe is a Pump and Dump. We will have to see after the dust settles from the Etherium hard fork war and the Bitfinex hack.. Because Bitcoin (BTC) still does not scale, I do not buy any new Bitcoins above $250 has been my policy.

Disclaimer: I am hodler and trader of both Bitcoin and Etherium. I am not a trader on Bitfinex.

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