NOW is a good time for a hack!

[1Referee]

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.

It will happen, but the only question is when... Every hacking incident has been nothing more than a well coordinated attack by wealthy individuals operating from several major exchanges. In reality there is nothing that is getting hacked as everything happens from within these exchanges. It's just easy to blame hackers as they benefit from the mostly anonymous nature of Bitcoin. People take everything for granted, plus the fact that the FBI and other related government forced organizations are lacking the knowledge to properly research everything in terms of Bitcoin.

[Senor.Bla]

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.

I am sure that if you are in a position that you have found a way to hack a major amount of Bitcoin it is tempting to do it quickly, but a good hacker (not a white hat, more in the sense knows what he is doing) will first make sure he will not get caught. So he need some patience anyway and will have some time to think. Let us say he found a loophole that is quite old. Should he really be worried that it will be closed the next day? Or would it be a calculated risk to wait a bit longer and make a ton more money.

[olubams]

This hack that I am seeing all over the forum, it seems we are even the ones calling for hacks when we are the ones to be hit the most when it eventually happens. Because it will definitely drive down the price of Bitcoin which might even take another year to recover but for the hacker himself, he does not care even if it falls to $100 since he is getting free money after all.

[Tanic]

Some big hacking is coming. I even feel how hackers are working to open some site. But I would also notice that protection of bitcoin wallets and exchangers became stronger. But as we know nothing is perfect.

[avatar_kiyoshi]

Hack time is also ever happens few years ago, when bitcoin price touch $1000, some exchange site have compromised. There's also have a possibility next hack effort will happens, especially with bitcoin price recently rise.
Time by time the company site who run bitcoin service must upgrade their security, hiring expert people will not hurt their revenue I think.

[Capradina]

Some big hacking is coming. I even feel how hackers are working to open some site. But I would also notice that protection of bitcoin wallets and exchangers became stronger. But as we know nothing is perfect.

Yup, it sure will be done by hackers if indeed bitcoin has become a worldwide digital currencies and much used by the vast majority of people in this world, let alone the vast majority who use the bitcoin is those who did have a lot of money in the world. But I am confident that the system will never be in the bitcoin take over by hackers, because in the bitcoin system I noticed that only the original owner bitcoin could unlock and find out the weakness of the bitcoin. So in order not to be exposed to hacker attacks, then we should be able to protect the wallet that we have properly and at maximum
 

[chickenado]

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!

In my Opinion, if im a hacker even if the price is too low i will hack what I can hack. Then i will send it in another bitcoin wallet and wait the right time to convert it. And this is not a right time , ofcourse if you have many btc you will secure it now when you will know that the price of bitcoin is high.

[Wandering Soul~]

I think hackers does not based their right time to hack some company or some sort in bitcoins price . Even if its low then they can just wait since it will increase in time . They can hack anytime but if some hackers like to wait for some opening to make their job easier it is when a site is having technical issues or something .

[alyssa85]

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.

I would hope that all the major exchanges have learnt serious lessons from what has happened to other exchanges in the last few years, and have employed proper security measures plus some insurance.

Of course they may all be run by doofuses who are too dumb to learn from experience - lets see how this plays out.

[Cereberus]

I don't believe in hacks anymore well most of the time. Sanfrancisko metro hacked I have high doubts it has been an inside job. Major exchanges hacks I have high doubts they have been inside jobs also. Primedice hack, don't know I am 50% for an inside job and 50% maybe a real hacker.

Based on such statistics, hacking is not easy, it's the people who are given certain power and privileges who do such nasty things because all humans are greedy by nature.

[Nomad88]

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.

I agree with above comment. There is always a hacking risk. Best way to prevent loosing your asset is keeping your investments and trades in your own wallet.

[Mastsetad]

Though it is right that the chances of occuring big hacks during a high price of bitcoin are very high because they know they will probably get more money in dollars if they hack bitcoin in the current price, but i personally don't think that a hacker has enough patience to wait for months for just bitcoin price to rise so that he can start his hunting, but they just do it whenever they want regardless of the price.

[BitcoinBarrel]

I think Hacking is more common with High BTC prices because the Hackers get desperate that they are "missing the boat". If they had any real business or skills to offer the world, they would be earning Bitcoin legitimately instead of risking JAIL for breaking the law.

[manselr]

I think Hacking is more common with High BTC prices because the Hackers get desperate that they are "missing the boat". If they had any real business or skills to offer the world, they would be earning Bitcoin legitimately instead of risking JAIL for breaking the law.

The Bitfinex incident happened right when the bitcoin price was surging... then we bottomed all the way down to 450 dollars. Of course intelligent investors used that dip as an opportunity to load on more cheap BTC, but a lot of people aren't intelligent and will succumb to panic selling. I know a lot of guys that lost their bitcoins on that Bitfinex august drop and now they are with empty pockets looking at the 1000+ current price and hating themselves for selling at 450 ish..

[nara1892]

no doubt that it is a good time to hack a company that saves bitcoin or works on bitcoin. and then what? do you mean by posting this thread to invite hackers to hack a company or bitcoin or kind of Thing? why prefer to announce this thing instead of giving suggestion to secure bitcoins from hacker?

[Mike Mayor]

Haha I think it is right to think so. This is what happens. Bitcoin reaches a peak and then it goes back down because of a hack.
This is what happens when the big boys pump btc.

[uneng]

Yes, these are dangerous times, hackers are more greed than never to steal some bitcoins and make their illicitus profit. Some of them are very skilled and can invade some sites, like the exchanges.
The worse is that they never are caught and arrested. They are always anonymous, can steal everybody and vanish in the end.

[shinratensei_]

Nope, The price increase isn't always good timing. They just try to hack if there is any bug from the site. They won't do that if they don't disclosing the bug by the site. They won't care about the price of bitcoin although it's free money in his perspective. 

[GMPoison]

Nope, The price increase isn't always good timing. They just try to hack if there is any bug from the site. They won't do that if they don't disclosing the bug by the site. They won't care about the price of bitcoin although it's free money in his perspective. 

Exactly. Any hacker capable of getting into an online exchange would surely know that bitcoin had value long before this recent surge in price. It's not like it's all over the news all of the sudden either. Sure there is slightly more coverage on news networks, but not an extreme amount.

[bitcoindusts]

I think hacking occurs anytime.  Hackers when find a glitch on any system never wait for the price of the item to increase to start hacking.  They must act fast because the glitch may have been patch and they can't exploit the security weakness anymore.  So regardless of when, hackers hack as soon as they found the way to hack the system.