6 safety concerns? | Bitcointalksearch.org

garyrowe

full member

Activity: 198

Merit: 102

Quote from: worldtraveller321 on November 22, 2019, 10:01:53 PM

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

My major concern amongst the three points you have raised, is exchange protection. Crypto exchanges are critical to the growth and future mass adoption of bitcoin and other cryptocurrencies. If the integrity of these exchanges are not intact, adoption and growth of cryptocurrencies will be hindered as people will find it difficult to exchange their crypto to fiat and vice versa.

ntsdm1

member

Activity: 394

Merit: 14

Quote from: worldtraveller321 on November 22, 2019, 10:01:53 PM

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

What does content creators have to do with it? I think this point can simply be deleted.

Palider

hero member

Activity: 1273

Merit: 507

My only concern is that china has taken steps to create their own crypto currency and banned it from exchangers and in crypto currency.
Because if this is going to be successful then other countries can follow it too and this is what I hope never happens.

fullhdpixel

hero member

Activity: 2786

Merit: 606

Quote from: worldtraveller321 on November 22, 2019, 10:01:53 PM

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

Maybe I have lots of them, but first I don't like that the fees for transactions increases when the price is in Bitcoin. Just like during the last bull run the fees for transaction was really high, and I even paid up $8 plus for a transaction of around $300. So, I was wondering - a lot of people have said that the price of Bitcoin will increase to a million or something close to that, so will the fees also increase? Because, if I had to pay up to that amount of fees for a transaction when the price for Bitcoin is at $20,000 I might as well have to pay up to ten times or more when the price gets to what they have been predicting.

There should be lots of safety concern, we must take care for a safer stay with cryptos. It is very much similar to how we are doing in our real life because taking safety measurements for cryptos is not having big differences from life's other things.

Voland.V

full member

Activity: 224

Merit: 120

Quote from: Yamifoud on December 01, 2019, 06:52:10 PM

Quote from: omone1 on December 01, 2019, 02:37:54 PM

My top concern is shitty coin that keeps coming to scam people of their bitcoin after then they dump their bad coin on investors while they go and enjoy the bitcoin. This has made investors to be fearful and new comers viewing cryptocurrency as a paradise for scammers which is not true.

We can't blame them either cause that is what we could see right now. Definitely, we can't get assurance in crypto investment especially when you are investing new projects. But if you know already this kind of drama you know what would you do in order to keep safe.

And with that, I will raise some concerns that I think and most of us experiencing this one;
* Exchanges exit scam
*Sprouting of new projects( shit/scam)

Fees can be manageable (depending on the exchanges we used)
Wallet safety assurance- will also matter because it is prone to hacking but we can avoid it if we handle our keys carefully.

--------------------------------------------
Keys must be handled very carefully. This tactic will save smart, neat and careful. But not everyone can stand it! And statistics show that the outdated key technology every year, step by step, steadily, is losing ground. It must be changed to keyless, post-quantum technologies. If everything was as good as it seemed to the crypto owners who had lost nothing, then there would not be a search for new solutions, and of course, we are watching the NIST contest on this topic.

Yamifoud

hero member

Activity: 2744

Merit: 517

★Bitvest.io★ Play Plinko or Invest!

Quote from: omone1 on December 01, 2019, 02:37:54 PM

My top concern is shitty coin that keeps coming to scam people of their bitcoin after then they dump their bad coin on investors while they go and enjoy the bitcoin. This has made investors to be fearful and new comers viewing cryptocurrency as a paradise for scammers which is not true.

We can't blame them either cause that is what we could see right now. Definitely, we can't get assurance in crypto investment especially when you are investing new projects. But if you know already this kind of drama you know what would you do in order to keep safe.

And with that, I will raise some concerns that I think and most of us experiencing this one;
* Exchanges exit scam
*Sprouting of new projects( shit/scam)

Fees can be manageable (depending on the exchanges we used)
Wallet safety assurance- will also matter because it is prone to hacking but we can avoid it if we handle our keys carefully.

omone1

member

Activity: 843

Merit: 52

My top concern is shitty coin that keeps coming to scam people of their bitcoin after then they dump their bad coin on investors while they go and enjoy the bitcoin. This has made investors to be fearful and new comers viewing cryptocurrency as a paradise for scammers which is not true.

zahed

full member

Activity: 344

Merit: 107

I have some own concerns in the crypto space. Wallet protection is a big factor because scammers always try to find out your weak point to attack for stolen your assets. Investment in crypto currency that is my second concern because you have to know how you can be control your money safely in this space.

danggoron

full member

Activity: 560

Merit: 102

Quote from: albrots on December 01, 2019, 10:04:52 AM

Many new people who jumped into the crypto world are negligent and only aim to get profit. But they are not aware of many scammers who lurk them. The need for education about cryptocurrency is very necessary to avoid scammer projects. do not be interested in big discounts given by scammers.

So we must not be greedy and only affected by hype and fomo. We have to really understand what we are going to do, moreover more and more fraudsters are targeting newbies to be easily deceived by investing a few dollars and will get profit many times over. Remember, there are no instant benefits, everything needs a process.

albrots

sr. member

Activity: 535

Merit: 250

Quote from: yohananaomi on November 23, 2019, 03:36:04 AM

Currently the most feared and have made too much worry is the scammers covering all crypto transactions. true colleague said above that many fake projects that also make fraud and make us careless and looking for loopholes to cheat. security improvements have been made but there are still many who look for loopholes in the behavior of individuals who are easily enticed by certain prizes so that they are careless.

Many new people who jumped into the crypto world are negligent and only aim to get profit. But they are not aware of many scammers who lurk them. The need for education about cryptocurrency is very necessary to avoid scammer projects. do not be interested in big discounts given by scammers.

msarro

hero member

Activity: 788

Merit: 505

I am not a day trader nor I invest through centralized crypto exchanges. I m a long term hodler. My biggest and only fear is security of my wallent. I fear one day I see security of my wallet is compromised and all my coins are transferred to another address and I cant do anything for that Sad

pragna

full member

Activity: 1582

Merit: 101

Quote from: worldtraveller321 on November 22, 2019, 10:01:53 PM

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

If i say in one word it is full and final security of my wealth. As its connected to money transaction so that if i invest a large amount of my savings who will give me security. In normal system local bank report to central bank and if local bank lose their money central bank refund but crypto?

i think no ans here.

cutesgirl

sr. member

Activity: 938

Merit: 251

Quote from: Ryker1 on November 30, 2019, 01:43:07 PM

Quote from: Aikidoka on November 30, 2019, 01:30:34 PM

I'm really careful if we're talking about making deals and avoiding scams, and about wallet protection, I'm using usually blockchain wallet and I think it's really good, but I'm still thinking if I split my funds into more wallets or no. I'm just thinking to at least if somebody hack my wallet, I don't lose all my money, so it's kind be better to split it.

Well, you are right in the wrong way. Web wallet does not support private key and you did not have full control of your privacy. Remember this always that, if you dont have a private key then your stored cryptocurrency does not belong to you. Crypto enthusiasts are always looking for a good and safety wallet and also the feature of the high label security. Electrum and hardware wallet is the best choice like ledger and trezor, as of now, I may conceder these wallets are good.

Website wallet like myetherwallet I think support using private key and not more safety than using offline wallet like nano ledger, but for beginner can use website wallet without have purchase first and after getting many coin reward from bounty campaign and airdrop project move to their nano ledger wallet to keep safety for long term holding their coin assets.

Ryker1

sr. member

Activity: 1918

Merit: 442

Eloncoin.org - Mars, here we come!

Quote from: Aikidoka on November 30, 2019, 01:30:34 PM

I'm really careful if we're talking about making deals and avoiding scams, and about wallet protection, I'm using usually blockchain wallet and I think it's really good, but I'm still thinking if I split my funds into more wallets or no. I'm just thinking to at least if somebody hack my wallet, I don't lose all my money, so it's kind be better to split it.

Well, you are right in the wrong way. Web wallet does not support private key and you did not have full control of your privacy. Remember this always that, if you dont have a private key then your stored cryptocurrency does not belong to you. Crypto enthusiasts are always looking for a good and safety wallet and also the feature of the high label security. Electrum and hardware wallet is the best choice like ledger and trezor, as of now, I may conceder these wallets are good.

Aikidoka

sr. member

Activity: 1078

Merit: 342

Sinbad Mixer: Mix Your BTC Quickly

I'm really careful if we're talking about making deals and avoiding scams, and about wallet protection, I'm using usually blockchain wallet and I think it's really good, but I'm still thinking if I split my funds into more wallets or no. I'm just thinking to at least if somebody hack my wallet, I don't lose all my money, so it's kind be better to split it.

Lanatsa

hero member

Activity: 2786

Merit: 646

Quote from: btc78 on November 30, 2019, 01:16:13 PM

Quote from: Cookies_N_Cream on November 30, 2019, 01:01:06 PM

I've known crypto for over 2 years now so somehow I could easily spot a scam so I think I am safe in that part. My only concern is the security of my crypto wallet. I'm using an app on my phone and since everything was processed online, I got no hold if that app company goes "poof" in an instant taking all my money. I'm can't think of any solution on how I could feel secure when it comes to my e wallet.

Are you sure that you already knew the scams or not?Or you are saying this bcause you don’t really invest in any form that’s why there is no chance that you will be a victim?lol

But about the wallet issue?better have other option and don’t just rely on your local wallet .

These words are somewhat contradicting.lol He said that he knows and easily spot scams but talking on the basic safety of your assets when it comes to storage he do much prefer on an app to his phone?

When it comes to safety concerns then i would prefer on having those all sorts of things coming from your own personal wallet and then thru exchangers.

makoto1337

legendary

Activity: 1596

Merit: 1000

I am not Dorian Nakamoto.

Quote from: worldtraveller321 on November 22, 2019, 10:01:53 PM

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

The biggest concern I have is that Bitcoin does not have a rational economic model. There needs to be a way to attenuate the supply and distribution of who gets the currency if the economics of a situation require it.

btc78

full member

Activity: 2492

Merit: 212

Eloncoin.org - Mars, here we come!

Quote from: Cookies_N_Cream on November 30, 2019, 01:01:06 PM

I've known crypto for over 2 years now so somehow I could easily spot a scam so I think I am safe in that part. My only concern is the security of my crypto wallet. I'm using an app on my phone and since everything was processed online, I got no hold if that app company goes "poof" in an instant taking all my money. I'm can't think of any solution on how I could feel secure when it comes to my e wallet.

Are you sure that you already knew the scams or not?Or you are saying this bcause you don’t really invest in any form that’s why there is no chance that you will be a victim?lol

But about the wallet issue?better have other option and don’t just rely on your local wallet .

Cookies_N_Cream

newbie

Activity: 94

Merit: 0

I've known crypto for over 2 years now so somehow I could easily spot a scam so I think I am safe in that part. My only concern is the security of my crypto wallet. I'm using an app on my phone and since everything was processed online, I got no hold if that app company goes "poof" in an instant taking all my money. I'm can't think of any solution on how I could feel secure when it comes to my e wallet.

Voland.V

full member

Activity: 224

Merit: 120

Quote from: Fappanu on November 29, 2019, 01:52:00 PM

I don't have 6 concerns I only have 1 and this is the widespread of scam ICO and IEO, hacking incidents and many more affecting crypto from being accepted, and becoming mainstream. These are the reasons I fear because the government of my country may also ban the use of bitcoin and consider this illegal and detain any person who is arrested and proven to have bitcoin hold.

---------------------------------
And how can the government (or someone else) establish the ownership of bitcoin? Is your personal data recorded on the blockchain? What tools can be used against you?

Topic: 6 safety concerns? (Read 653 times)