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Author Topic: Should I Be Scared Of Hackers If I Have Lot of BTC.  (Read 4107 times)
NightWatchHKG
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November 23, 2017, 08:03:46 AM
 #101

You are at zero risk of being hacked if you either keep your BTC offline, or have a password that is long and unknown by ANYONE.
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bakerlisa510 (OP)
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November 23, 2017, 08:11:02 AM
 #102

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

There's not much you can do if your wallet gets hacked. The only thing you can do right now is just make sure that never happens. If you're storing a lot of bitcoin, you should try to use a hardware wallet to store a majority of it. There probably isn't a need to keep a majority of it on an online address or something with a lot of security flaws. Of course, hackers will come at any option that's given to them. Just try to make it impossible for them to get to the goods.
I am using a web-based wallet Blockchain, I am sure you have heard of it.
The thing is I trust trusted this because it is a genuine company and I can generate a paper wallet also through it.
But now I think I have to upgrade to the Desktop wallet.
dg2010
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November 23, 2017, 08:52:34 AM
 #103

I think you should send all your Bitcoin to your offline wallet. It is safer than store them in the exchange.
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November 23, 2017, 09:01:25 AM
 #104

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

Yes. There are a lot of user complaining about that, and there is some couple of cases that someone's account got hacked, and they even tell their story on this forum. It is indeed a scary story.
But one thing for sure, you should be scary about anything that can threaten your bitcoin even you only have a little, do not start to worry when you already have a lot of it.
In my opinion, the best and most comfortable way to secure your bitcoin is using a hardware wallet. There are some that quite popular, like Trezor or Ledger Nano S. If you can have a lot of bitcoin, you shouldnt have a money trouble for buying this kind of wallet.
You should not focus for searching the answer for your last question, as none you can do if that happens. The best way is prevention, before it happens.
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November 23, 2017, 09:10:29 AM
 #105

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?
If you have lot of BTC in your waller you need to take much precautionary measures to save yourself from malicious group of hackers or fishers which might gain access to your wallet by hacking your private keys.So its better you opt for 2FA security meausers and be sure that you don't have malwares or junks in your software where is your wallet. Prefer dekstop wallet over web wallet.Always keep a check over this and ensure this don't happen.

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November 23, 2017, 09:21:47 AM
 #106

Even if  you have little or lots of BTC, you should be afraid of hackers and secure your wallet. It's your hard earned money/investment and you should be the one who enjoy it's profit and not the hackers.

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bakerlisa510 (OP)
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November 23, 2017, 09:31:54 AM
 #107

Even if  you have little or lots of BTC, you should be afraid of hackers and secure your wallet. It's your hard earned money/investment and you should be the one who enjoy it's profit and not the hackers.
You are absolutely right why should anyone else have my money.!!

I am about to create a new wallet.
DoublerHunter
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November 23, 2017, 09:58:06 AM
 #108

Yes you should be scared of the hackers only if you are not good at managing your account for security purposes. If you know how to manage them very well and you know how to avoid getting hacked then there is nothing to worry about the security but if you are really concerned of the security of your bitcoin then having a hardware wallet is a good relief for you.
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November 23, 2017, 10:00:40 AM
 #109

Yes you should be very scared of hackers because there are a lot of hackers active on bitcointalk and if they know you have a lot of bitcoin they will try everything to get those bitcoins so you might get hacked some day.
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November 23, 2017, 10:02:17 AM
 #110

Yes you should be scared of the hackers only if you are not good at managing your account for security purposes. If you know how to manage them very well and you know how to avoid getting hacked then there is nothing to worry about the security but if you are really concerned of the security of your bitcoin then having a hardware wallet is a good relief for you.
Security would be the main concern on here on which each wallet holder should really be responsible off on keeping their keys or informations that are important to access the wallet.Once its being kept on the right or secure place then i dont see that we should worry bit too much.If its keep from others awareness then you would be always safe the thing you should be aware is on the possible ways which hackers would lure you in. Like phishing and malwares.

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November 23, 2017, 10:05:37 AM
 #111

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

Whenever you read people saying their wallet was hacked, ask them how it was hacked and you'll find they gave our their private key or seed, they used a public WiFi this is basis and you're never suppose to do this all. I don't know which wallet you use, but use electrum if you want the free best wallet, or trezor or paper wallet in case you're neither buying nor selling.
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November 23, 2017, 10:07:44 AM
 #112

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.
 
What should I do If My wallet or BTC gets hacked?
As long as you store your Bitcoin in the safest wallet like trusted online wallet or offline wallet maybe it might be protected.  And also do not use it for other things related to transactions on some sites because hackers have many ways to get what they want.

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November 23, 2017, 10:13:47 AM
 #113

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

I think instead of being scared you should be aware of how a hacker can attack you, a hacker will always seek of a weak point in your security and will exploit it until it achieve its goal. If your wallet has a lot of bitcoins then it will more likely to be targeted by them though its quite impossible to brute force hack a wallet.

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November 23, 2017, 10:30:09 AM
 #114

I think you should send all your Bitcoin to your offline wallet. It is safer than store them in the exchange.
I will try that.
Thanks.
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November 23, 2017, 10:36:21 AM
 #115

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.

What should I do If My wallet or BTC gets hacked?

Whenever you read people saying their wallet was hacked, ask them how it was hacked and you'll find they gave our their private key or seed, they used a public WiFi this is basis and you're never suppose to do this all. I don't know which wallet you use, but use electrum if you want the free best wallet, or trezor or paper wallet in case you're neither buying nor selling.
Yes, most of the hacks take place through the usage of public WiFi. When something becomes more valuable surely people tries to evade and get it with ease. Same is the truth with bitcoin, hackers roam around and try the best. If we're good in handling the wallet and careful while operating none can hack us.

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November 23, 2017, 10:37:34 AM
 #116

If you really have a lot of bitcoin you should be careful in choosing your wallet, you should use offline wallet instead of using those web based wallet it's much safer that way and just be careful don't give your private key to anyone.

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November 23, 2017, 10:47:16 AM
 #117

I am hearing a lot of users' complaint about having a problem transferring their BTC, Nowadays I am not selling it because I am "Hodling" it for future. But I am a bit of scared now because all this news about the people's BTC being hacked.
 
What should I do If My wallet or BTC gets hacked?
As long as you store your Bitcoin in the safest wallet like trusted online wallet or offline wallet maybe it might be protected.  And also do not use it for other things related to transactions on some sites because hackers have many ways to get what they want.

I agree if you are not doing wrong things with your computer you would be safe. My friend also has a lot of coins in his wallet and he has never been hacked. He is still using it.

You should not be scared because they want you to be scared. Hackers that are stealing your coins are sad people.
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November 23, 2017, 10:50:12 AM
 #118

Donate it to all poors, then you could sleep well every night. Grin Grin
There is no way to be 100% safe in the world unless the god bless you.

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November 23, 2017, 11:00:31 AM
 #119

since i do not hold a lot of bitcoin yet, i suggest learning more on the best security measure to avoid phishing and hackers. it is really hard to secure assets from these.
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November 23, 2017, 11:06:20 AM
 #120

Even if  you have little or lots of BTC, you should be afraid of hackers and secure your wallet. It's your hard earned money/investment and you should be the one who enjoy it's profit and not the hackers.
Today bitcoin is on the hotspot of the hacker. Maybe we should be worried about our bitcoin wallets but being scared is an exaggerated. Hackers are already their, even government sites have reported that they are hacked by hackers, meaning to say its already happen so if we're gonna be scared then we can't think the better solutions to just avoid our wallet for being hacked. We should be aware and keep our wallet secured enough.
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