I do not agree that bitcoin is immuned from hacking.
The security risk associated with the transaction history on the blockchain is becoming a leeway through which hackers get information on the amount that is contained in a wallet and then strike by hacking the wallet.
And yes , once funds is lost in the blockchain , there's no way of recovering it.
Topic: Is it true that bitcoin immune from hacking & fraud ?? (Read 15113 times)
Hacks can happen, but there is no hacker who can break the bitcoin code and get any bitcoin address private key, but hack and fraud can happen on anything if people download any software they see and not check before.
Bitcoin is the most safe and secured investment in all the time
There is no such thing as safe or secure when it comes to invest thing because every investment that has money involved is said to have a risk . infact the risks in bitcoin and in crypto are more larger than compare to other invetments out there because bitcoin are verry volatile or unstable . however more risk is equals to more reward ( as the popular saying said )
Bitcoin itself is not hackable so yeah its immune but right after we buy and put the coin on a bitcoin wallet or to an exchange , that was the time that we are expose to cyber attacks .
Bitcoin is the most safe and secured investment in all the time so if anyone trying to fraud you it will not easier to get your Bitcoin out from your wallet is not a simple thing so I think the power of production is more higher in Bitcoin more than anything you will definitely trust this.
as long as we don't do things that can threaten the wallet, I think it will remain safe. a lot of their ways to grab the contents of the wallet. complacent is one of the most factors that can eliminate our assets Bitcoin is the most safe and secured investment in all the time so if anyone trying to fraud you it will not easier to get your Bitcoin out from your wallet is not a simple thing so I think the power of production is more higher in Bitcoin more than anything you will definitely trust this.
I think you only see from one side, because anything in the online field must have the risk of hacking and fraud. It all depends on how we maintain our investment and how strong the security that we use to make it untouchable by hackers. Not everyone has the same skills, investments wherever there is nothing safe when they do not have skills about this. Even if you know, there is a lot of news if the exchange has been hacked etc., do you not realize how strong their security is. Those who have strong security can still be touched by hackers, so all have different risks and will not be completely safe.
Bitcoin is the most safe and secured investment in all the time so if anyone trying to fraud you it will not easier to get your Bitcoin out from your wallet is not a simple thing so I think the power of production is more higher in Bitcoin more than anything you will definitely trust this.
I think you only see from one side, because anything in the online field must have the risk of hacking and fraud. It all depends on how we maintain our investment and how strong the security that we use to make it untouchable by hackers. Not everyone has the same skills, investments wherever there is nothing safe when they do not have skills about this. Even if you know, there is a lot of news if the exchange has been hacked etc., do you not realize how strong their security is. Those who have strong security can still be touched by hackers, so all have different risks and will not be completely safe.
Bitcoin is the most safe and secured investment in all the time so if anyone trying to fraud you it will not easier to get your Bitcoin out from your wallet is not a simple thing so I think the power of production is more higher in Bitcoin more than anything you will definitely trust this.
Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
Bitcoin itself cannot be hacked and believe me hackers have tried everything that they could throw at it and they have failed, but they are really smart and they have found out that is way easier to hack the computer in which the bitcoins are stored than to try to hack bitcoin directly, this is a huge problem because as we know once you send your bitcoin out of your wallet there is no way to get them back so if hackers get access to your computer even for five minutes they will steal everything that you have. I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
If it was hacked by someone very clever then we can do nothing about that but how about we are being tricked? What I mean is that it is not that far when we are going to tackle something like an inside job but who knows? These are just guesses but this could also be possible am I right? As long as poeple are careful about their funds and keep important information like private keys away from prying eyes I think everything will be fine. I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..
for personal wallets, I think it's safe from hackers. transactions carried out are also safe from theft. so far the one who is still vulnerable is the exchanger that hackers can still break.
Yeah there are so many wallets which can be use to prevent lose and hacking, there are so many wallets that are unbreakable and unhackable because it has private key until you share your private with anyone, no one can hack your wallet, blockchain is the best wallet in this regard, to avoid fraud try to increase your knowledge and information.Risk of losing still exist though but chances will vary on how a certain user is sensible to keep those important informations.
In the world of computers, nothing is always safe. Hackers may find their way into the system as they become more knowleadgeable about it. But don't worry, currently I haven't heard that much about hacking bitcoin exchanges. If there is any attempt, I am certain that all eyes are watchful. Anybody doing it can be caught red-handed easily. Fraud on the other hand is always happening anywhere and it is common on the internet. One time I almost believe that a certain page I came upon to visit, was offering a free cracking of bitcoin address where you can get atleast one or two bitcoin. It said it was free to try but later I learned that it was just another trick to make you pay an amount that will go to their account. An online chat is available where people would be seen saying thanks, thank you... etc as proof of its authenticity. Don't be carried away. Beware!
I do not believe that bitcoin is immune to hack .
Again,once one losses funds to hackers , the wallet address where the funds was transferred can be tracked but the funds cannot be recovered because there's no way of tracking the hacker.
Again,once one losses funds to hackers , the wallet address where the funds was transferred can be tracked but the funds cannot be recovered because there's no way of tracking the hacker.
for personal wallets, I think it's safe from hackers. transactions carried out are also safe from theft. so far the one who is still vulnerable is the exchanger that hackers can still break.
Yeah there are so many wallets which can be use to prevent lose and hacking, there are so many wallets that are unbreakable and unhackable because it has private key until you share your private with anyone, no one can hack your wallet, blockchain is the best wallet in this regard, to avoid fraud try to increase your knowledge and information.for personal wallets, I think it's safe from hackers. transactions carried out are also safe from theft. so far the one who is still vulnerable is the exchanger that hackers can still break.
Yeah there are so many wallets which can be use to prevent lose and hacking, there are so many wallets that are unbreakable and unhackable because it has private key until you share your private with anyone, no one can hack your wallet, blockchain is the best wallet in this regard, to avoid fraud try to increase your knowledge and information.
for personal wallets, I think it's safe from hackers. transactions carried out are also safe from theft. so far the one who is still vulnerable is the exchanger that hackers can still break.
of course it is. If you give someone your private key then it's your problem. Luggage pads in such a way that the password to pick up to them is unrealistic. The rest of this is already you need to be careful that someone does not upload your data for hacking
My opinion is different because bitcoin can be hacked and fraudulent. Indeed, most hacking because of our own carelessness can be the entrance to hackers in stealing bitcoins in our e-wallet. An example is the incoming email that guides us to tell the private key that is unwittingly the hacker's actions.I think Bitcoin is quite difficult to hack, it is easier to hack an exchange than Btc
Bitcoin is reliable. In future, there could be something which comes with changes on blockchain, but I think that banks are gonna suffer more than blockchain technology. Banks will have to move their jobs to blockchain in future.
That's wishful thinking. It's as if you're saying that banks aren't adapting. Banks evolve along with time and possibly at par with crypto in the future. Who knows. But technology advancement also is accessible to hackers so i really don't think any of these is a hundred percent safe.
Bitcoin is reliable. In future, there could be something which comes with changes on blockchain, but I think that banks are gonna suffer more than blockchain technology. Banks will have to move their jobs to blockchain in future.
of course it is. If you give someone your private key then it's your problem. Luggage pads in such a way that the password to pick up to them is unrealistic. The rest of this is already you need to be careful that someone does not upload your data for hacking
My opinion is different because bitcoin can be hacked and fraudulent. Indeed, most hacking because of our own carelessness can be the entrance to hackers in stealing bitcoins in our e-wallet. An example is the incoming email that guides us to tell the private key that is unwittingly the hacker's actions.of course it is. If you give someone your private key then it's your problem. Luggage pads in such a way that the password to pick up to them is unrealistic. The rest of this is already you need to be careful that someone does not upload your data for hacking
My opinion is different because bitcoin can be hacked and fraudulent. Indeed, most hacking because of our own carelessness can be the entrance to hackers in stealing bitcoins in our e-wallet. An example is the incoming email that guides us to tell the private key that is unwittingly the hacker's actions. Jump to: