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Author Topic: NOW is a good time for a hack!  (Read 2745 times)
Senor.Bla (OP)
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January 03, 2017, 07:03:01 AM
 #1

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

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January 03, 2017, 07:08:57 AM
 #2

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

The possible reason why the hackers attack when the price of bitcoin is rising its because that is the time when there are many transactions occurring and the management of the sites were to busy accommodating the transactions of their client and leave a blind spot. And that is the time the hackers attack are unnoticed. And also possibly some sites steal bitcoins themselves and told their clients they were under attack by hackers. At this time it is easy to say it is inside job rather than it is being hacked. When a company declares that they are being hacked when bitcoins price was high is very fishy. This is just my opinion, but you are right in saying hackers activities are well planned.
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January 03, 2017, 07:13:12 AM
 #3

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!


An attack.Hack can happen anytime regardless of the price. i doubt any big hacking incident will occur majority of this hack are inside job and not from the outside.


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January 03, 2017, 07:22:45 AM
 #4

If a major hack occurs, then it will affect the reputation of Bitcoin and the exchange rates will go down. It is a vicious cycle. First, the exchange rates rise. After that, the hackers become active, attracted by the high rates. And finally, the exchange rate crashes, after major hacks. Back to ground zero.

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Senor.Bla (OP)
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January 03, 2017, 07:28:51 AM
 #5

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!


An attack.Hack can happen anytime regardless of the price. i doubt any big hacking incident will occur majority of this hack are inside job and not from the outside.
Yes sure it can happen anytime and sure some or even many are some kind of inside jobs, but as a hacker you can choose the time of the hack and i just figured that a smart hacker would wait for a high price so his earnings are even bigger.

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January 03, 2017, 07:43:17 AM
 #6

If a major hack occurs, then it will affect the reputation of Bitcoin and the exchange rates will go down. It is a vicious cycle. First, the exchange rates rise. After that, the hackers become active, attracted by the high rates. And finally, the exchange rate crashes, after major hacks. Back to ground zero.
Do you still think only a major hack of that intensity is about to happen,we have seen many hacks over the years and even last year we have seen many hacks in all the major exchanges and those hacks wont dent the reputation of bitcoin but it will dent the reputation of the hacked exchanges.

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January 03, 2017, 07:48:43 AM
 #7

If a major hack occurs, then it will affect the reputation of Bitcoin and the exchange rates will go down. It is a vicious cycle. First, the exchange rates rise. After that, the hackers become active, attracted by the high rates. And finally, the exchange rate crashes, after major hacks. Back to ground zero.

It is just a minor set back. just like when bitfinex was hacked last year, the price went down a bit for some time but it bounced back. As long as the one hacked are the sites, then the price will bounce back. But if bitcoin or blockchain is hacked, then that is a different story. But I doubt there is a hacker right now that can hijack blockchain and compromise bitcoin.
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January 03, 2017, 07:51:22 AM
 #8

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!


An attack.Hack can happen anytime regardless of the price. i doubt any big hacking incident will occur majority of this hack are inside job and not from the outside.

Price makes thieves or hackers even more tempted to do it. I agree with you though that it's mostly an inside job: why would they close the website by giving the users their money back and then going away with the profit (probably a few thousands), when they can not give anyone their money back and run away with MILLIONS? The worst part is that governments have nothing to do about it. I know Bitcoin should be anonymous and stuff, but this is all I would like the governments to do: just do something about Bitcoin ponzi schemes and scams.

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January 03, 2017, 08:16:37 AM
 #9

I just wonder that hacking is that easy like waiting for a price rise and then making it ? You people over estimating hackers. They will work on opportunity and will surely attempt for bigger lump sum but definitely will not wait/delay.

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January 03, 2017, 08:38:59 AM
 #10

Like someone wants that some big hacker attacks happens on an exchange or something so that price could go down. I'm sure hackers have their own plans how and when to attack and this could be the less expected. Besides I don't think they count the price of Bitcoin so much, they have also other goals and reasons, not just financial gain.

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January 03, 2017, 09:14:36 AM
 #11

even if you wished to hack someone for bitcoins, if you were hacked as the same, your benefits on hacking would be gone, that is not a good idea.  Undecided why don't you get the time on others regarding bitcoin? Huh

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January 03, 2017, 10:30:32 AM
 #12

So right now would be a good time for the next big hack!
It may be good for hacker but not for bitcoin holders/users, nobody wants a big dump right now other than few that have already sold their holdings cheaper and want to buy back at the price they have sold it in.

And talking about big hack, i think most of those hacks were inside job from trading platform as no one can look inside what has really happened that breach their security systems.
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January 03, 2017, 10:40:33 AM
 #13

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

Even without this price increase, expect some possibility that hacking will take place.

So better be cautious all the time and make some ways for your coins to be secured. Price increase is just the best time for hackers to hack but don't take it easy when there is no price increase.
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January 03, 2017, 10:43:03 AM
 #14

So right now would be a good time for the next big hack!
It may be good for hacker but not for bitcoin holders/users, nobody wants a big dump right now other than few that have already sold their holdings cheaper and want to buy back at the price they have sold it in.

And talking about big hack, i think most of those hacks were inside job from trading platform as no one can look inside what has really happened that breach their security systems.
Of course i am talking about now being a good time from the hackers perspective and you could expect a drop in the price. What some do not seem to realize is that it does not matter if it is an inside job or not. The coins are gone and now would be a good time. 

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January 03, 2017, 10:45:15 AM
 #15

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

Even without this price increase, expect some possibility that hacking will take place.

So better be cautious all the time and make some ways for your coins to be secured. Price increase is just the best time for hackers to hack but don't take it easy when there is no price increase.

Though when the price is not as high as this there are really a ton of hacking incidents that happen, lot of exchanges and wallets been hack and how much more if the price is at high like this. I do agree we should just add more security about our bitcoin and in our wallets we should be careful about it.
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January 03, 2017, 10:48:40 AM
 #16

The hacking of computers is a crime. It is often glamourised in films with individuals portrayed bring down huge companies for the good of the people. In reality it is a serious offence when certain government databases may be hacked or private companies are hacked for the purposes of fraud. In this case stealing bitcoins to have material gain.
It`s a criminal act, and with this hack many of us will be in the problem. Instead to go up, we will drop again. Instead you to find a way to stop it, I have a feeling that you call for that hack.



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January 03, 2017, 10:54:26 AM
 #17

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

argument you make me laugh, perhaps because of the high price of the BTC will conduct transactions with vulnerable and at risk of a hack, but what people believe about bitcoin hack our site, it is impossible hacks but scams circulated widely

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January 03, 2017, 10:57:03 AM
 #18

If any hacker find out how to hack any trading platform i think they will try to hack it as soon as possible because those platform may find those security holes in their regular security audit and may be it will be impossible for those hackers to hack it. So i don't think they will just wait for price bump to hack any bitcoin related platforms/services.
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January 03, 2017, 10:57:24 AM
 #19

While its funny, its really a good time for a hacker to find vulnerability for bitcons. And if they are smart enough they can work with a huge bitcoin exchange to set up a hacking incident and the exchange can declare thu are hacked.









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January 03, 2017, 10:57:59 AM
 #20

The hacking of computers is a crime. It is often glamourised in films with individuals portrayed bring down huge companies for the good of the people. In reality it is a serious offence when certain government databases may be hacked or private companies are hacked for the purposes of fraud. In this case stealing bitcoins to have material gain.
It`s a criminal act, and with this hack many of us will be in the problem. Instead to go up, we will drop again. Instead you to find a way to stop it, I have a feeling that you call for that hack.
Good to know that hacking was a crime and how many crypto currency hackers have being caught till now,zero in my knowledge and there have being more than a hundred major hacks in the bitcoin world.The possibility to catch them are really slim unless and until they are foolish enough to keep some trails.It is the modern way than the age old heist with guns and violence.
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