Hacker News Reader

"within 25 minutes of receiving reports that hackers were stealing funds from user wallets, the IOTA Foundation shut down "Coordinator," a node in the IOTA network that puts the final seal of approval on any IOTA currency transactions."

Hard for the price to crash when they shut down the network 25 minutes after the hack.

Trading on exchanges can still theoretically continue, it's just deposits and withdrawals that won't work.

You must understand that people holding IOTA after the last network halt (which was ~45 days ago), aren't very bright.

So you're saying ZDNet is quoting the tweets of an Iota imposter?

Or is it more likely that markets of speculators aren't rational?

Cryptocurrency prices are fake for all but the top currencies, and even there it's fairly hand-wavey.

The entire domain has been totally taken over by scams and ruined by get rich quick idiots. The bubble killed cryptocurrency.

Altcoin prices do not depend on anyone using the software or the software even working. No one used it before it broke either.