Topic: Hacking kills the cryptocurrency market - page 30. (Read 4506 times)

No. Hacking is there since.. 2010? and cryptocurrency market didn't care much of it.
The fact that some businesses or individuals don't know how to keep in a safe manner big amounts of money has nothing to do with the markets.
The fact that the world (including the crypto world) is full of scams and inside job has nothing to do with the markets.

It's like you'd say "the stock markets are a failure because banks and shops are getting robbed from time to time".


Now about staying safe, you have to stick to some obvious rules:
1. Online services are not proper wallets and you should not entrust any service to keep your hard earned money. Of course, they are okay and even handy for small amounts you afford to lose.
2. The proper wallets are on computer/laptop/smartphone, but those need safety. However, it's not normal to buy an 100$ hardware wallet to keep save 50$ worth of Bitcoin. But if you have 1000$+ worth of Bitcoin, a hardware wallet could be a good idea.
3. For companies: it's not normal to handle millions of dollars worth of Bitcoin without a proper cold storage (and maybe even insurance).
4. Most important: don't keep online/hot wallet the funds you don't want to spend in the next months/years. If you do, then it means you love to give presents to the hackers.

There is no doubt about it at that when Exchanges were hacked, Cryptocurrency market were badly affected because many investors flee as a result and many lost lots of coins. Though, I had not luckily fall A victim of this Circumstance, probably because I withdraw my coins back to my personal Wallet immediately after my transaction had taken place correctly.

I believe that one of the most important reasons for the fall of the market is hacking and losing money. People lose hope and their assets.

Both my Wife and I have been hacked in MYETHERWALLET and also on exchanges and two developers stole a lot from my Wife. Do NOT trust anyone on the internet, especially in crypto, most are out to steal whatever you have. Telegram groups are full of stealing bots and also even in the bounty sections we are getting people cheating and trying to steal our content and identities. There are big gangs of thieves lurking even on this forum, trying to steal whatever you have. TRUST NO ONE! That is my advice to you here. This is what is putting off mass adoption in crypto right now, too many negative and rogue elements that need to be weeded out first before we can invite others in.

I never faced such an issue. The only thing where I got sticked is with the shitty sistemcoin exchange. I didn't know they ask for verification process like KYC for withdrawal but it's not required while I deposit.
Good luck is that, I tested a little amount worth $10. Lol

I have had very good luck thus far and have not suffered a hack.  I do believe the hackers and maybe even more so the scammers will have a huge impact on crypto.  Many of the elderly and young are going to fall victim to these schemes.  When the paradigm shifts certain people are going to be taken advantage of.  There is just no way to save them all. 

It should be a correct answer if that was saying the speculators and manipulators have killed the cryptocurrency market. 
For some reason if you are using the major Exchange sites just like binance and then they have been paying all of those victims are getting hacked by hackers and they give a lot of guarantee for your Money.

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.