Hacking is the Big Problem

[ThePunisher49X]

This is the main issue that crypto has to face since everytime a hack happens on an exchange for a substantial amount of crypto currency.
It has always had negative ramifications  on the bitcoin price right after the media releases it has happened to that exchange.

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[Jating]

Well I guess its the fear of been hacked that is why most people refuse to have anything to do with bitcoin or other cryptocurrency. When I told a friend of mine whom i have been trying to convince into investing in cryptocurrency about how people do get hacked if not careful, he ended up telling me he has made his stand not to invest in crypto because it freaks him out. How I wish there will be a solution to this, probably, a lot of people might have invested in cryptocurrency.

If that is the fear, then they are not really ready for the future and they can just best stick to their traditional age and ways of doing things. Not like there is no solution to security but the problem is people always prefer staying in their comfort zone rather than looking for those solutions. What happened to cold and offline storages if they are scared of hackers? I guess they just do not have anything to do and are busy looking for excuses.

You can't blame them. And as far as I know cold or offline storages are good if you stash huge amounts of bitcoin. But for a common and casual traders, it makes sense to store small amounts in desktop wallet or even in an exchange. But we all know hackers are really that good and it seems they always found vulnerabilities that they can exploit anytime, just like what happened to CoinCheck hack.

So the best thing for us is to be very protective of our accounts. I'm sure that we all heard howr to secure it, but most of us are not really doing good because thousand or even millions of dollars are lost to the hackers.

[iamjosepher]

Your money is safe only in your wallet and if you are trader you agree with risk that you might lose your funds. Remember that.

[ASHLIUSZ]

Hacking is a big issue with the cryptocurrency, because each and every activity on the cryptocurrency happens through internet. So, we cannot question anything if something goes wrong. Be secure as possible is the best one can do.

[jakezyrus]

Hacking is a big issue with the cryptocurrency, because each and every activity on the cryptocurrency happens through internet. So, we cannot question anything if something goes wrong. Be secure as possible is the best one can do.

no. Hacking is not the big issue in cryptocurrency because not all people were got hack , just only few of them. they've only been hacked because of their carelessness and lack of knowledge regarding on what their doing. their is no problem in cryptos at all because we all know that they are pretty usefull to us and beneficial at the same time.

Your money is safe only in your wallet and if you are trader you agree with risk that you might lose your funds. Remember that.

Yeah money is always safe in your wallet but you need to be aware everytime you do a transactions because you might be infected with malwares and key logger that may potentialy stole your coins or hi jack your account. Being a trader has also a risk but mainly the risk of loosing and being loose because of hacking.

[South Park]

You can use hardware wallets, such as Ledger NANO or similar.
Hacking was always a problem and we are looking for the ways to solve it

If you’re worried, maybe storing your Bitcoin with paper wallet will be best, though I don’t really know how the paper wallet thingy works, don’t know if it’s reliable or not, but I believe it will be quite good. The only problem you will have is when drop it carelessly and something happens to it. Another thing I have to say is that someone can’t get hacked unless they are used to giving out their information anyhow. One should be very with any info about themselves, unless one that is not necessary to hide.

That is even a very little thing to worry about honestly. Anyone who feels they cannot keep their assets safe online should just go the offline way, as you can still receive with the public address, have full control of the wallet and can easily verify payments via blockchain.info or block trail. Hacking is not a problem to me, unless for those who are just very careless with their funds. We have a lot of information over the net to keep everyone safe.

There is a lot of information but there is not the will to implement the information, just look at all the information available to secure our coins and yet we get hacks everyday and this is happening now can you imagine what it is going to happen when the average person begins to use cryptocurrencies, we will have a scenario which will be the paradise of hackers.

[Belinda39]

If you are a trader, you should play a lot of markets and withdraw money as soon as you make a profit.

[mak lessoh]

this is the problem I'm most afraid of because I am less understood about the world of hackers and I can not prevent them, I personally want to invest in bulk if there is already a secure exchager

[MondayTraddd]

Save your money and deposit it as it will help you only in future.

[dhas]

Well I guess its the fear of been hacked that is why most people refuse to have anything to do with bitcoin or other cryptocurrency. When I told a friend of mine whom i have been trying to convince into investing in cryptocurrency about how people do get hacked if not careful, he ended up telling me he has made his stand not to invest in crypto because it freaks him out. How I wish there will be a solution to this, probably, a lot of people might have invested in cryptocurrency.

If that is the fear, then they are not really ready for the future and they can just best stick to their traditional age and ways of doing things. Not like there is no solution to security but the problem is people always prefer staying in their comfort zone rather than looking for those solutions. What happened to cold and offline storages if they are scared of hackers? I guess they just do not have anything to do and are busy looking for excuses.

You can't blame them. And as far as I know cold or offline storages are good if you stash huge amounts of bitcoin. But for a common and casual traders, it makes sense to store small amounts in desktop wallet or even in an exchange. But we all know hackers are really that good and it seems they always found vulnerabilities that they can exploit anytime, just like what happened to CoinCheck hack.

So the best thing for us is to be very protective of our accounts. I'm sure that we all heard howr to secure it, but most of us are not really doing good because thousand or even millions of dollars are lost to the hackers.

Then definitely you must secure your account. You should kept your private information secure so that no one can hacked it. Because we cant deny it that as the technology improve people who have enough knowledge about will surely abuse it for them to have money in the most easiest way.

[Marrying_Couch]

yes hacker is a big problem for bitcoin users and especially internet users, in the long run it is expected bitcoin can have a very sophisticated security system to be able to fight hackers, because if left then they the hackers will be increasingly crazy.

[samcrypto]

Your money is safe only in your wallet and if you are trader you agree with risk that you might lose your funds. Remember that.

We cannot blame people if they're afraid to be hacked since we are here in cryptoworld but newbies should understand the risk that they are going to take and think all the negative possibilities that can happen to their money. There is no assurance that the exchanges are safe right now, let's just hope for the best and be ready for that kind of risk.

[ritu1084]

Hacking is a big issue with the cryptocurrency, because each and every activity on the cryptocurrency happens through internet. So, we cannot question anything if something goes wrong, most of the hacks targets online wallets, which means- wallet like blockchain.info, that can be hacked through obtaining your username and password only( unlike wallets like electrum.org that are based on your computer, and they will need to have an access to the actual file on your computer to get an access to the funds), and exchange wallets(usually finding an exploit on the exchange may let the hacker withdraw all the coins available on the hot wallet).If you store your coins at home on a cold wallet, there is no way that someone would be able to obtain your coins.so If you are a trader, you should play a lot of markets and withdraw money as soon as you make a profit.

[Manganjie]

to overcome the hacking possible by changing the password periodically. and hacking is very harmful if not addressed immediately

[michellee]

to overcome the hacking possible by changing the password periodically. and hacking is very harmful if not addressed immediately

it is another option for us to secure our account and as long as we can keep our password in safety place, I think we can reduce the percentage to be hacked although there is not 100% secure, we are in a good way for securing the account. and don't forget to always check our account periodically so we can always feel safe from the attackers.

[piter_wip12592]

This is a big problem that affects the psychology of investors. But to avoid this problem there are many ways. In addition to the multi-layered security for all things related to us, you also need to change the password constantly.

[Jico79]

I do think any system is perfect when hackers keep looking at exploits. To secure yourself should be drained of the wallet after the transaction is the most potential way

[19faraon88]

Yes, Hacking is very BIG PROBLEM, specially to the world of technology and digital world. The only way to secure our file/balance/transaction is our very unique and very long password. And, to prevent hacking, just don't open any link or site that you didn't know.

[beccer]

yes many who feel harmed here because of hacking, and hacking also makes the investors and traders afraid to do big game so they just play with little capital

[StuartBTCETH]

It can be a problem if you only trade your money continuously.