Bitcoin would never be hacked, maybe you are talking about the wallets, they can easily be hacked if you are a dumb who is always sharing your private key.
If you are not one of those, then why are you worried about that?
The only thing that could never be hacked are the paper wallets or the hardware ones.
Topic: What if bitcoin got hacked - page 3. (Read 485 times)
how bitcoin hack ?? your wallet ? most of wallet can’t access to your security data so hacker can’t know your login information’s.
they can hack exchange site only.
they can hack exchange site only.
There's beed a lot of FUD and fun trading opportunities whenever something regarding the underlying bitcoin protocol occurs. We can always count on a nice bounce to trade or rescue us whenever this happens - because, well, nothing was really wrong. But what if it happened for real: Bitcoin stopped working compeltely and wasn't coming back up, or someone cracked EC and all the keys were compromised, etc. What would the trading chart look like? How fast would it go down? Would be there be any bounces? Where would the final bottom be? Draw a chart. Even if you made a good trade would the exchanges even let you withdraw fiat? Would they even be operating?
I think there are quite a few other more likely outcomes that might severely affect Bitcoin rather than someone cracking up private keys due to imaginary protocol vulnerabilities. This is what you should talk about, not some remote events that most likely will never happen at all. In other words, many have tried, none succeeded so far. Obviously, if the keys are compromised, Bitcoin won't be usable and the price will tank immediately unless urgent measures are undertaken to avoid theft of the coins.
If Bitcoin gets hacked, then all Bitcoiners are done for. It's not like their money is covered under insurance since Bitcoin is unregulated in the first place.
What if the dollar hyperinflates.....
I bet that will happen first
I bet that will happen first
There's beed a lot of FUD and fun trading opportunities whenever something regarding the underlying bitcoin protocol occurs. We can always count on a nice bounce to trade or rescue us whenever this happens - because, well, nothing was really wrong. But what if it happened for real: Bitcoin stopped working compeltely and wasn't coming back up, or someone cracked EC and all the keys were compromised, etc. What would the trading chart look like? How fast would it go down? Would be there be any bounces? Where would the final bottom be? Draw a chart. Even if you made a good trade would the exchanges even let you withdraw fiat? Would they even be operating?
If your scenario really happens,the largest panic selling wave in the cryptocurrency history will start.
I`m not that tech savvy and i don`t know is it possible to hack the bitcoin protocol.I thought that only exchange platforms and wallets can be hacked/cracked.Anyway,this question is asked here many times,so your thread is kinda pointless.Just read the old topics about it.
There's beed a lot of FUD and fun trading opportunities whenever something regarding the underlying bitcoin protocol occurs. We can always count on a nice bounce to trade or rescue us whenever this happens - because, well, nothing was really wrong. But what if it happened for real: Bitcoin stopped working compeltely and wasn't coming back up, or someone cracked EC and all the keys were compromised, etc. What would the trading chart look like? How fast would it go down? Would be there be any bounces? Where would the final bottom be? Draw a chart. Even if you made a good trade would the exchanges even let you withdraw fiat? Would they even be operating?
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