Hacking kills the cryptocurrency market - page 20.

belcini

member

Activity: 462

Merit: 10

Quote from: Incodium Coin on September 10, 2018, 09:44:40 PM

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

There were no such problems in my work. I really hope that I can avoid meeting with hackers in the future. But I also think that such activity of hackers really kills the prospects for the successful development of the crypto market in the future. Therefore, I really hope to correct such problems in the future.

Gozzy

jr. member

Activity: 121

Merit: 4

Never store large amounts on a CEX, only if you are trading daily always put your funds back into a secure form of storage (offline wallet, web wallet, hardware wallet).

I personally prefer DEX's but it's true there isn't a competitor in the game that provides the same flow as Bittrex or Binance, there is a gap in market for sure even with all the competitors out there.

Bonsaiav

full member

Activity: 602

Merit: 118

Quote from: Incodium Coin on September 10, 2018, 09:44:40 PM

Hacking is one of the biggest obstacles to the cryptocurrency market.
3-Did the exchange pay you back for lost coins?

I think hacking is the only trigger for the government to reject bitcoin as a currency, not because of its speculative value. According to what I have read, usually users will get compensation funds from exchanges, because in this case the government will contribute to confirm the exchange about its responsibilities to its users.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: stryker on October 17, 2018, 04:43:47 PM

Agree with all! indeed hacks scare away future investors! I'm afraid of getting caught ! All manipulations with cryptocurrency, exchanges, wallets, I spend on a separate computer and nowhere else with it I go )

And you are right to be afraid the resources the hackers have to get to your funds are almost unlimited and it is impossible to recover your money even if you make a single mistake, this is one of the reasons of why cryptocurrencies are never going to be adopted by the general public because they will need to be incredibly responsible with their information and if social media is any indication we cannot expect that people keep their private information private anymore.

stryker

sr. member

Activity: 518

Merit: 250

Agree with all! indeed hacks scare away future investors! I'm afraid of getting caught ! All manipulations with cryptocurrency, exchanges, wallets, I spend on a separate computer and nowhere else with it I go )

srcnckr

full member

Activity: 244

Merit: 100

io.ezystayz.com

Quote from: e@symode on October 17, 2018, 09:17:04 AM

Of course, you are right, but you also need to understand what exactly hackers help and reveal the problems of this or that system, so perhaps today it would be wrong to say that the system is completely dying.

I also think that hackers do not have too much influence on this market and that the cryptocurrency market affected by hackers leads to weakness is not groundless. A lot of hackers and scammers have stolen the assets of the investors but the number is so small that it does not affect the market.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: kicauklaten on October 10, 2018, 01:50:15 AM

hackers are merely a small part of the risk in crypto and this will not be able to kill crypto. even though it is indeed quite disturbing and disturbed many who would be this. but for being safe and not enough data in storing the secret private key as I think it will remain secure. There is no Exchange or legal entities that want to replace for the loss incurred and of course because it's the most important thing is going to be cautious.

Hackers may be a small part of the risk in cryptocurrencies but they are without a doubt very influential when it comes to the media making public their crimes, after all we know that hackers also steal money from banks and from people with credit cards but at least they have the protection of a system that allows them to chargeback that money, but as we know that is impossible with bitcoin and while that is a feature that I like that doesn't mean that I do not see the risks.

asder250

full member

Activity: 708

Merit: 103

Empowering crypto w/ sustainable energy

Hackers are everywhere, they can hack everything, also my account here on bitcointalk or my bank account and so on.
There is only one thing why hackers in crypto are more annoying than in the banking sector - that your crypto is not insured. Money in your bank is insured - so you dont care about that.

e@symode

full member

Activity: 616

Merit: 100

Of course, you are right, but you also need to understand what exactly hackers help and reveal the problems of this or that system, so perhaps today it would be wrong to say that the system is completely dying.

mmo_online_1981

sr. member

Activity: 798

Merit: 250

That's just the direction of the development, the hacker makes the technology more developed. But anything has two sides of it! Good and bad are two opposite sides but not separated!

Fortified

copper member

Activity: 350

Merit: 1

Quote from: Incodium Coin on September 10, 2018, 09:44:40 PM

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

Difinitely that's true , hacking really affects cryptocurrency price and trending everyday because investors are stop patronizing cryptocurrency , so we must change our strategy of activities just to avoid hackers .

bangjoe

hero member

Activity: 1400

Merit: 674

hacking has become a very frightening threat like a scam but fortunately I have never experienced hacking and I hope it will never happen to me because being hit by a scam bounty is very painful especially if I lose a coin because of hacking, so I always try to make things that doesn't happen by keeping my laptop from viruses or other things that can be used as a media for hacking

chakhigh

member

Activity: 616

Merit: 10

FRX: Ferocious Alpha

That's why a project like Cloudbric is very useful to secure our crypto space:
https://steemit.com/blockchain/@chakersaaf/the-all-in-one-decentralized-cybersecurity-solution-for-companies-and-individuals-cloudbric

BitcoinGuruOne

member

Activity: 364

Merit: 13

No, i have not been hacked.

Hacking is not killing the market in anyway, big number of hacks and stolen wallets are indicator that people are not informed well enough, poeple are naive and exchnages lack security expertiese. The latter is the most diturbing because it is their bussines and they should take care of that.

Lyd

full member

Activity: 420

Merit: 101

I have never been hacked since I am in the cryptocurrency market and I hope I will never be. I am very careful with my passwords and my secure data. Hacking shouldn't kill the crypto market.

winstonchurchillwar

jr. member

Activity: 154

Merit: 1

I've never been hacked and never had a problem. Only once on the stock exchange I have sold the coins themselves, but it was not very scary )

V1saya

hero member

Activity: 1050

Merit: 508

Hacking is actually a problem in the internet. Be it fiat online banking and crypto currencies. I hope people understand that hacking is not really inclined with crypto currencies.

Bitknick

jr. member

Activity: 406

Merit: 1

I would not say that hacks kill the market, but they have a very negative impact, nevertheless, everything that does not kill makes you stronger, so I think that this is the way that the cryptocurrency must go in order to become stronger and safer!

wongdeso

member

Activity: 462

Merit: 10

Indeed, you have to be careful with everyone who wants to interfere with our assets and do not believe that everyone is aware that it will be better than losing. Hacking is able to kill our crypto market and this is very disappointing for us.

alex3.alex03

jr. member

Activity: 126

Merit: 1

I've never been hacked. In this market, a lot of hackers and scammers, and this is not to be afraid. It's inevitable. We need to be as careful and organize security in working with cryptocurrencies.

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