Bitcoin Future Prediction Because of Hacking/Scamming

[Kelvinid]

We don't need to worry about this hacking event that it brings into the possibility that we are in the shortage of Bitcoin supply in the future because it never happens. It is because those Bitcoins that have been hacked will be getting back to the market and know that scammers will make use of it rather than throwing it in the garbage.

Ain't that we lose its total market supply, not even the price but only the confidence of the people that would like to invest Bitcoin as they are afraid of being hacked. We can't stop these hacking issues as they also looking for a hole in any exchanger. What we have to do is keep our coins in our controlled wallet, not in the exchanger's wallet as they were prone to hacking.

[milewilda]

Here we all are Bitcoin lover and we all are earning Bitcoins by trading or other ways.I am also Bitcoin holder and I have sweet dreams about it.And I think Guys you all are also very much optimistic with you btc portfolio.But Have you ever thought If a lot of  Bitcoins get hacked by Hackers? If Hackers steal most of the Bitcoins ? Then what we can predict about the future of Bitcoin?

Like all others I am also hopping best for Bitcoin in future.We all are excited about the next highest price of it.But if we look before almost a lot of Bitcoins and other Crypto coins were hacked or scammed.But we have not seen any effective activities for those hacking.So I am a little bit confused about the future of Bitcoin.Actually no one can predict about it surely.

Let's take a look about the crypto exchange hacking where user lost a huge amount of Crypto

List of cryptocurrency exchange hacks

So if a huge amount of Bitcoin get hacked or scammed then we obviously can see crypto market in a danger. We must do something effective against those crypto threats. Then we can assure about the delightful future for Bitcoin.

We cant predict the future even though lets say that there are still lots of hacks that do happen along the way or in future. Come to think that there are more coins lost compared to those who had stolen on exchanges,
fraud projects, wallet hacks etc. but it doesnt mean that it will majorly affect its future. Hacks do exist no matter what since we are dealing with things that had some value and this would continue until to the future
but lets hope that it wont really target out huge exchangers out there that would really result into price crash incase those coins had been sell off but eventually no matter how hard it being dumped it will
normally recovers which basically means that theres a demand or high support.

[Botnake]

We don't need to worry about this hacking event that it brings into the possibility that we are in the shortage of Bitcoin supply in the future because it never happens. It is because those Bitcoins that have been hacked will be getting back to the market and know that scammers will make use of it rather than throwing it in the garbage.

I am not worried about bitcoin itself as its system has never been hack yet, what I am worried is on how the exchange will handle their business by making sure they will have the best security for hackers to fail every time they try. When an exchange is hack, it would result to a big panic especially if an exchange has a big volume like $100 million or more in just 24 hours, that's a huge amount of money if ever it will be hack and not only that, other exchange will also be affected as it will affect the reputation of the crypto market.

[Tipstar]

Hacking and Scamming is not the real problem bitcoin faces in the future. It can be easily minimized if users became cautious and aware of the risks.
People as well services would keep learning to be safe with every bad experience and though we might not attend a 100% safe system but we are working towards a system that makes our transactions safer.

[Oceat]

Hacking and Scamming is not the real problem bitcoin faces in the future. It can be easily minimized if users became cautious and aware of the risks.
People as well services would keep learning to be safe with every bad experience and though we might not attend a 100% safe system but we are working towards a system that makes our transactions safer.

I think it's still not safe since hacking and scamming do happens often. The only way we can prevent this is by taking our own funds and never put it on any exchanges unless if you are trading. Although, the problem is always present on any exchanges especially the centralized one. It is the job of any exchanges to put any measures to protect their clients against any hacking.

[kolbalish]

Here we all are Bitcoin lover and we all are earning Bitcoins by trading or other ways.I am also Bitcoin holder and I have sweet dreams about it.And I think Guys you all are also very much optimistic with you btc portfolio.But Have you ever thought If a lot of  Bitcoins get hacked by Hackers? If Hackers steal most of the Bitcoins ? Then what we can predict about the future of Bitcoin?

Like all others I am also hopping best for Bitcoin in future.We all are excited about the next highest price of it.But if we look before almost a lot of Bitcoins and other Crypto coins were hacked or scammed.But we have not seen any effective activities for those hacking.So I am a little bit confused about the future of Bitcoin.Actually no one can predict about it surely.

Let's take a look about the crypto exchange hacking where user lost a huge amount of Crypto

List of cryptocurrency exchange hacks

So if a huge amount of Bitcoin get hacked or scammed then we obviously can see crypto market in a danger. We must do something effective against those crypto threats. Then we can assure about the delightful future for Bitcoin.

Hacking or scamming both are different terms. By the way, I am not going to explain the terms you mentioned.

You are trying to predict the future of Bitcoin because of hacking. If something normally hacked by others then it make sense to us that it is a valuable thing. I am not saying that Bitcoin can't be hacked. But the fact is it can be hacked from exchange and we see many times it got. But we have to use secure wallet and we must ensure our security by ourselves.

[CaVO32]

Here we all are Bitcoin lover and we all are earning Bitcoins by trading or other ways.I am also Bitcoin holder and I have sweet dreams about it.And I think Guys you all are also very much optimistic with you btc portfolio.But Have you ever thought If a lot of  Bitcoins get hacked by Hackers? If Hackers steal most of the Bitcoins ? Then what we can predict about the future of Bitcoin?

Like all others I am also hopping best for Bitcoin in future.We all are excited about the next highest price of it.But if we look before almost a lot of Bitcoins and other Crypto coins were hacked or scammed.But we have not seen any effective activities for those hacking.So I am a little bit confused about the future of Bitcoin.Actually no one can predict about it surely.

Let's take a look about the crypto exchange hacking where user lost a huge amount of Crypto

List of cryptocurrency exchange hacks

So if a huge amount of Bitcoin get hacked or scammed then we obviously can see crypto market in a danger. We must do something effective against those crypto threats. Then we can assure about the delightful future for Bitcoin.

Hacking or scamming both are different terms. By the way, I am not going to explain the terms you mentioned.

You are trying to predict the future of Bitcoin because of hacking. If something normally hacked by others then it make sense to us that it is a valuable thing. I am not saying that Bitcoin can't be hacked. But the fact is it can be hacked from exchange and we see many times it got. But we have to use secure wallet and we must ensure our security by ourselves.

Hacking will always be there, either in crypto or other financial institutions. Because those hackers are getting sophisticated in terms of their softwares and tools to penetrate the system. Their aim is to get money as much as they want, so they don't care if it is crypto or fiat system that they are hacking. So I don't think hacking will dictate the future of bitcoin or crypto. Exchanges are getting their systems upgraded as well to combat this hacking incidents and they are also doing some kind of insurance like what BNB is having (https://academy.binance.com/glossary/secure-asset-fund-for-users).

Scamming on the other hand, is totally different from hacking. Scammers make crypto their playing ground but as you observed, ICOs or IEOs are now fading their popularity as users saw their scamming strategies already. So this will not affect the crypto market anymore as users are getting knowledgeable already.

[FlightyPouch]

There are a lot of hacks that happened, lots of scams that happened, lots of money lost and we are still here. Despite the huge falls that happened, people are still going back to invest since they know the probability of it still going upwards. The people are supporting this crypto currency because they know it will bring them profits, and it did and will continue in doing so.

[MCobian]

Actually, the most hacked are only exchanges, not individual wallets. Therefore, with the occurrence of many hacked exchanges not
affect the future of bitcoin. What is affected is only the price on the market, usually if there is news that hacked prices will go down.
But down only briefly, it's also because there are some investors who panic sell. After that a few weeks later the price will be start
rising again. That way the future of bitcoin remains good.

[AakZaki]

A little or a lot of the effect of hacking on the price of bitcoin, will have a bad effect too. Although BTC is not really lost and only changed ownership. After the hack is done a big dump will come soon and make the bitcoin market unstable so that it also impacts on the price of altcoin. For example, when Exchange binance was hacked and lost 7000 BTC, the crypto market experienced a decline and made people with bitcoin and altcoin assets panic.

[Latviand]

Hacks and scams happen with fiat money too, but no one doubts that the banks will keep existing and operating despite those things. Why should it be different for BTC? It's not 2014 anymore, Bitcoin is bigger than exchanges. Even if a major hack will happen, Bitcoin's price will recover, and the network itself is never affected by things like that. Altcoins often get shaken by such negative events because they are really small, their markets lack liquidity and their communities have little members compared to Bitcoin, but Bitcoin is on a whole another level.

We are all prone of scammers and hackers no matter what currency you're using, because different platforms have different flaws. We just need to make our accounts more secured to prevent hackers to have an access with out accounts. Bitcoin is really the most target of those scammers because of its value in the market that no other thing can surpass these days.

You can also lose fiat money, but it is more dangerous than in digital currency. In fiat, you can lose your life if you don't give your money immediately, but the only difference is that you are not knowledgeable if your digital currency are being stolen by other people.

That's the reason why the volume of people who are accessing their bitcoin are becoming lower because of fear getting scammed and hacked. Hopefully, this wrong doing will become punishable by law and can be easily detected by the authority.