Topic: bitcoin can't be robbed - page 3. (Read 729 times)
I think criminals targeting Bitcoin ATMs are likely targeting cash stored in the machine and not Bitcoin itself. Bitcoin ATMs typically hold a supply of cash to facilitate transactions and convert it to Bitcoin or vice versa. Therefore, stealing cash from Bitcoin ATMs is an easier target for criminals. While Bitcoin itself cannot be physically stolen due to its digital nature, there have been cases of Bitcoin theft. These thefts typically occur through hacking, phishing, or other forms of cybercrime, where criminals gain unauthorized access to an individual's Bitcoin wallet or exchange and transfer Bitcoins to their own accounts. So choosing reputable exchanges and being wary of potential scams can help reduce the risk of Bitcoin being stolen.
Bitcoin can be robbed, especially if the robber knows the owner of the bitcoin. Bitcoin can also be hacked, especially if the user does not protect his privacy and commits some fatal mistakes. All problems stem from user error and it is not the fault of bitcoin and its network.
Robbing bitcoin ATM will not allow the robber to get bitcoin. Obviously bitcoins don't have a physical the way fiat currency does, so there's no point in robbing bitcoin ATM. Maybe, the robbers don't know how bitcoin work so they are actually committing a robbery for something that doesn't pay off.
Robbing bitcoin ATM will not allow the robber to get bitcoin. Obviously bitcoins don't have a physical the way fiat currency does, so there's no point in robbing bitcoin ATM. Maybe, the robbers don't know how bitcoin work so they are actually committing a robbery for something that doesn't pay off.
The machine was looking awesome,the sad one is the guys don’t know how the bitcoin transaction works.Actually the fact is if they know how the bitcoin transactions work.They will had some money in the bitcoin as a trader.Then they may get huge profits in 2017.Then they won’t come to the stealing of bitcoin Atm.Due to their less knowledge and poor condition of money,they had tried this.I am feeling sad for this,because of their less aware about the new technology into the world.
That's what I thought too. Robbers probably aimed for the cash inside that ATM, but unfortunately It seems like the ATM wasn't really used that much for the people nearby to purchase bitcoin using that ATM. I am also wondering, there might be some cash inside since it might offer deposit and withdrawal feature like the fiat ATM. I didn't take a time to read the article though, dont know how the story goes, but if the Robbers were actually aiming for some physical Bitcoins, then I don't what else to say other than asking them if they just came out from the cave LOLOL!
Although a thief in a cave cannot obtain Bitcoin from an ATM, it is not accurate to claim that 'Bitcoin cannot be robbed'. To this day, there are still numerous cases of theft and scams involving Bitcoin. Hackers can still target all our data, which poses a threat to the wallets we keep secure. As of now, I can still assert that Bitcoin ATMs (BTMs) are safe from thieves who are not familiar with the internet, technology, or blockchain. What we've been reading in the news is mostly about Bitcoin wallets with substantial balances. However, cases of Bitcoin wallets being hacked with small balances are not widely publicized. That means there's still a significant number of incidents that go unreported.
However, you're correct that Bitcoin is not immune to theft. Sophisticated hacking techniques can compromise wallets, and phishing scams can trick individuals into revealing their private keys. We've witnessed these in the numerous high-profile security breaches that have hit crypto exchanges in recent years.
I'd suggest the discourse should focus on strengthening the security infrastructure of cryptocurrency systems. This involves stringent regulation of exchanges, educating users on secure handling of their private keys, and promoting hardware wallets for long-term storage. That's the way forward, don't you think?
Today, traditional theft methods have lost their validity. They may have stolen a small amount of money here. Perhaps the purpose of the thieves was just to take the small amount of money there. I think the real question is: Can a skilled thief steal our bitcoins if he wants to? This seems a little difficult. This is difficult to do if you have taken your own precautions. But if you keep your bitcoins on the stock market, you may encounter such a situation. Many exchanges take adequate precautions, but still have many shortcomings. Like I said, it's about the skills of thieves. The thieves in this example lag far behind other skilled and tech savvy thieves.
They might expecting to get some huge amount of cash once they successfully break it but to their surprise, they found nothing at all. This is one of the advantage of bitcoins, you can hide it to anyone without showing them anything suspicious. In fact you can get passed on the Airport without the customs knowledge you are bringing huge amount bitcoins with you because you stored the private keys in your memory. That's one of the biggest advantage of bitcoins and you don't find that advantage with fiat.
That's what I thought too. Robbers probably aimed for the cash inside that ATM, but unfortunately It seems like the ATM wasn't really used that much for the people nearby to purchase bitcoin using that ATM. I am also wondering, there might be some cash inside since it might offer deposit and withdrawal feature like the fiat ATM. I didn't take a time to read the article though, dont know how the story goes, but if the Robbers were actually aiming for some physical Bitcoins, then I don't what else to say other than asking them if they just came out from the cave LOLOL!
Although a thief in a cave cannot obtain Bitcoin from an ATM, it is not accurate to claim that 'Bitcoin cannot be robbed'. To this day, there are still numerous cases of theft and scams involving Bitcoin. Hackers can still target all our data, which poses a threat to the wallets we keep secure. As of now, I can still assert that Bitcoin ATMs (BTMs) are safe from thieves who are not familiar with the internet, technology, or blockchain. What we've been reading in the news is mostly about Bitcoin wallets with substantial balances. However, cases of Bitcoin wallets being hacked with small balances are not widely publicized. That means there's still a significant number of incidents that go unreported.
However, you're correct that Bitcoin is not immune to theft. Sophisticated hacking techniques can compromise wallets, and phishing scams can trick individuals into revealing their private keys. We've witnessed these in the numerous high-profile security breaches that have hit crypto exchanges in recent years.
I'd suggest the discourse should focus on strengthening the security infrastructure of cryptocurrency systems. This involves stringent regulation of exchanges, educating users on secure handling of their private keys, and promoting hardware wallets for long-term storage. That's the way forward, don't you think?
They don't know what Bitcoin is until they have to bring the ATM 
But if they managed to open the ATM machine, they would find money inside. But if they don't find any money in the machine, they can sell the machine to someone else but that could risk getting caught by the authorities.
They should study before breaking into Bitcoin ATMs so they are not disappointed. And it looks like they have learned about breaking into Bitcoin or they are now even going to jail for being caught stealing the ATM.
But if they managed to open the ATM machine, they would find money inside. But if they don't find any money in the machine, they can sell the machine to someone else but that could risk getting caught by the authorities.
They should study before breaking into Bitcoin ATMs so they are not disappointed. And it looks like they have learned about breaking into Bitcoin or they are now even going to jail for being caught stealing the ATM.
About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄
https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19
https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19
Wells that's one way to rob Bitcoin I guess, They are probably rich getting a lot of Bitcoin on this one...Surely the guy doesn't know a thing about Bitcoin robbing a Bitcoin ATM is not a great idea, I mean doesn't he even try to research or plan before even trying to do this? Just thought its some kind of ATM I mean there is a small chance if the ATM is also accepting Cash in or you could buy bitcoin on that ATM there is a chance there is cash on that ATM as well right?
But thinking about it Bitcoin wasn't actually robbed proof since anyone could easily force you to open your Bitcoin wallet, they could go into your house and force you to make a transaction sending money to their accounts which probably happened already to some people. I guess just to stay anonymous since Bitcoin is an investment and if you can't protect yourself like a rich billionaire gang that has bodyguards, security, etc. Just stay lowkey and don't post your earnings on Bitcoin on social media.
About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄
Well, bitcoin CAM be robbed and it's gonna be even worse than with USD.
Criminals can make you send them your crypto and the bad thing is that you can't even go to the police because no one will find them and even if they are, no one will return your BTC because it's crazy easy to 'clean' BTC with mixers and other tools.
So in that way, bitcoin is very unsafe. That's why never share how much crypto you have.
About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄
https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19
When the incident happened, a group of robbers may have thought that there might be bitcoins inside the ATM and if they break the ATM, they can retrieve the coins from inside and commit the robbery. They were so stupid that they didn't know that Bitcoin is not a physical coin but Bitcoin is a highly secure digital currency created by the unique formula of Satoshi Nakamoto. https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19
That's what I thought too. Robbers probably aimed for the cash inside that ATM, but unfortunately It seems like the ATM wasn't really used that much for the people nearby to purchase bitcoin using that ATM. I am also wondering, there might be some cash inside since it might offer deposit and withdrawal feature like the fiat ATM. I didn't take a time to read the article though, dont know how the story goes, but if the Robbers were actually aiming for some physical Bitcoins, then I don't what else to say other than asking them if they just came out from the cave LOLOL!
Although a thief in a cave cannot obtain Bitcoin from an ATM, it is not accurate to claim that 'Bitcoin cannot be robbed'. To this day, there are still numerous cases of theft and scams involving Bitcoin. Hackers can still target all our data, which poses a threat to the wallets we keep secure. As of now, I can still assert that Bitcoin ATMs (BTMs) are safe from thieves who are not familiar with the internet, technology, or blockchain. What we've been reading in the news is mostly about Bitcoin wallets with substantial balances. However, cases of Bitcoin wallets being hacked with small balances are not widely publicized. That means there's still a significant number of incidents that go unreported.
About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄
It is true that bitcoin cannot be stolen or be robbed by the physical power but with the virtual power like hacking , phishing it can be possible that to stole bitcoin. But in the case what you mentioned on this topic I don't think they were that much disappointed because Bitcoin atm has a relationship with fiat currency. There must be some fiat currency and that is why I think the robbers are not getting that much disappointed how you said.And if there is no fiat in the ATM, chances are that no one will be around to use it, and the robber is out of luck and there is bound to be emotion and regret that his efforts have been fruitless.
It seems that this incident will be a lesson for the robbers, and will think it is better to rob a fiat ATM than a bitcoin ATM.
That's what I thought too. Robbers probably aimed for the cash inside that ATM, but unfortunately It seems like the ATM wasn't really used that much for the people nearby to purchase bitcoin using that ATM.
ATMs are public locations and you have to carefully choose what ATMs to use. Should avoid too remote areas and should not do it at nights.Bitcoin ATMs are very last in your list of choices because transaction fees with Bitcoin ATMs are very expensive. You must know that you will have to pay more fees with Bitcoin ATMs than if you buy, sell coins directly at centralized exchanges, decentralized exchanges, Peer to peer marketplaces.
Bitcoin ATM Deposit Exchange Rate shocks
You can use cash on non KYC exchanges: https://kycnot.me/?cash=on
Technically, if people used the ATM to buy or sell fiat, there could be some cash in there, but perhaps there wasn't any on this particular way. After all, even the photo of the op features a place to insert cash with a cash symbol on it.
Also, one can have their BTC stolen, unfortunately, even though it's not physical cash. It can happen through malware accessing a BTC wallet, sharing a passphrase with someone, or an armed robbery where a person is forced to open the wallet and transfer the funds.
Also, one can have their BTC stolen, unfortunately, even though it's not physical cash. It can happen through malware accessing a BTC wallet, sharing a passphrase with someone, or an armed robbery where a person is forced to open the wallet and transfer the funds.
That's what I thought too. Robbers probably aimed for the cash inside that ATM, but unfortunately It seems like the ATM wasn't really used that much for the people nearby to purchase bitcoin using that ATM. I am also wondering, there might be some cash inside since it might offer deposit and withdrawal feature like the fiat ATM. I didn't take a time to read the article though, dont know how the story goes, but if the Robbers were actually aiming for some physical Bitcoins, then I don't what else to say other than asking them if they just came out from the cave LOLOL!
About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄
--
https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19
I remember a funny news from our local place the thief that is also ignorant about CCTV camera, imagine he also stolen the Cctv camera his face is shown very clear in monitor because he is very near to that camera and it is very easy for the police officer to find him on the next day. We can say that the person is ignorant and it is the same thing happen with the person who robbed the btc ATM Machine very funny they only robbed without knowing what is the thing they robbed or its uses. --
https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19
on which he do believed that all of those coins been lost already but on the time he did check out the address, those coins are still intact which means that thief wasnt
really that aware about on what Bitcoin is and that what makes them as a moron.
That Robber’s a F**ing Moron” – MrBeast Recalls His ‘Heart-Pounding’ Experience When He Almost Got Robbed Off $2,000,000 Of Bitcoin
So this one is really just that similar on which it is really just that a waste of effort of those thieves on missing out those huge gold mine.
About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄
https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19
I remember a funny news from our local place the thief that is also ignorant about CCTV camera, imagine he also stolen the Cctv camera his face is shown very clear in monitor because he is very near to that camera and it is very easy for the police officer to find him on the next day. We can say that the person is ignorant and it is the same thing happen with the person who robbed the btc ATM Machine very funny they only robbed without knowing what is the thing they robbed or its uses. https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19
About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄
It is true that bitcoin cannot be stolen or be robbed by the physical power but with the virtual power like hacking , phishing it can be possible that to stole bitcoin. But in the case what you mentioned on this topic I don't think they were that much disappointed because Bitcoin atm has a relationship with fiat currency. There must be some fiat currency and that is why I think the robbers are not getting that much disappointed how you said. 
Lol that's hilarious. i mean imagine the look on their faces when they finally forced the atm open and saw nothing inside
Am sure they must have thought they will get their hands on some shining gold coin only to see an empty space. This is part of the reason why btc is safe in a way from the naïve and clueless set of thieves.
Am sure they must have thought they will get their hands on some shining gold coin only to see an empty space. This is part of the reason why btc is safe in a way from the naïve and clueless set of thieves.
Lol, it's pure understanding that you are lacking here OP, they don't know how to rob those Bitcoin off the ATM, and this doesn't mean it's impossible, with the right set of people and the right tools, something can always be done, do not underestimate anything in today's world.
Anyone who have the right knowledge about Bitcoin will never even think about robbing any Bitcoin ATM machine and if they do, then they already have their way, they are very well prepared.
Those robbers know too less about Bitcoin, that's my own believe, because if stealing from a Bitcoin ATM will ever be possible, then you must already have something you are relying on, maybe some codes or gadgets.
Anyone who have the right knowledge about Bitcoin will never even think about robbing any Bitcoin ATM machine and if they do, then they already have their way, they are very well prepared.
Those robbers know too less about Bitcoin, that's my own believe, because if stealing from a Bitcoin ATM will ever be possible, then you must already have something you are relying on, maybe some codes or gadgets.
The world is changing into technology where security is upgrade time to time, for not Lost of funds or robbed from individual, which is Bitcoin is a digital assets which has adequate security for everyone as a result of private key.
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