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Author Topic: With Hackers everywhere, How safe is Cryptocurrency?  (Read 4129 times)
Pepito Manaloto
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August 18, 2018, 04:18:57 PM
 #681

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
The safety of your crypto depends on your decisions most of the time. It will depend if you chose the best wallet or storage for you crypto and if not, you will be hacked and stolen easily by hackers. Don't give up your trust to anyone easily to avoid frauds and hackers while you are working on something here. Always be smart and wise with all of your decisions to avoid the risk of getting hacked.

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August 18, 2018, 04:50:49 PM
 #682

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

I think your question is same like this " With robber everywhere, how safe is fiat currency ?"
As long as hacker still exist, i think it will be hard to prevent it, but you can use hardware wallet to reduce getting hacked because they hacking through internet. So, as long as you are not connected to internet, i think they will getting hard time to hack you.
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August 18, 2018, 06:42:17 PM
 #683

The main reason for the hacking is the insufficient attention of the organizers of the ICO and phishing attacks, from which in most cases no antivirus or other protection systems will help.

  • Don't hurry! Always carefully approach the issue of choice, ICO project, a stock exchange or exchange office, a news resource, etc. This will allow you to get away from trivial schemes with phishing sites.
  • Use proven security systems: antivirus, personal firewall, quality VPN. Do not forget that under the guise of a free antivirus malware may be hiding. Check the developer, it will not be superfluous.
  • If you have significant amounts, do not keep everything in one place. Use cold hardware wallets. Do not connect or work on unfamiliar computers where malware can be installed.
  • Be in the subject of events. When using any software that has access to your crypto assets, keep an eye out for product updates and developer recommendations.

If you don't rush in matters of storing, transferring crypto and well studying new ICO projects, there will never be any problems with hackers.
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August 18, 2018, 06:53:56 PM
 #684

If you know what you are doing, you know basic of crypto, you know how to secure your wallet and what is forbidden to do I could say that it is safe then.

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August 18, 2018, 07:50:39 PM
 #685

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

The reason why there are famous market is because of their good security system and that is the reason you need to do a lot of research before choosing where you are going to invest.

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August 19, 2018, 12:10:24 PM
 #686

The bitcoins is not as safe as bank that is for sure but the thing is they are more profitable than anyone else so what are you gonna choose of course in that kind of thing gaining a lot of money in a short period of time always involve a lot of risk. That is how it works the more risky the business is the more money you are gonna make. So it depends on the people what kind of approach they are gonna do.

That is somewhat true, but banks are also risky since you can lose your funds if something unexpected happens in the long run. I think that cryptocurrencies are much safer if you follow the right rules to secure your funds. There are many ways to protect yourself against hackers, from using hardware wallets to storing your crypto funds in a cold storage wallet with keys that had been generated offline.

If you're tech savvy enough to do it, then I think that there's no hacker that would be capable of getting access to your funds ever. I always use a cold storage wallet that has been generated offline along with the use of a strong passphrase, which has resulted in the good safety of my funds. But, newcomers into crypto land would experience constant hacks or theft probably because of lack of education in the crypto space. Wink
It is our own responsibility to keep our investment safe from being hack, as you said it is not good to trust and open any website. Before we click on something try to search about its history and then try it, using wallets makes our bitcoin safer and we can hold it as long as want without any fear of hacking because crypto currency has a lot of wallets which saves and preserve our crypto currency investment for long time.

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August 19, 2018, 12:18:50 PM
 #687

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

Bitcoin it self is safety, but the thing you should pay attention is your own wallet, private key is the important things you should protect, it's better to save your private key offline not online.
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August 19, 2018, 01:39:02 PM
 #688

A cryptocurrency such as Bitcoin is safer than imagined, and it is a cryptocurrency exchange that encounters security concerns.
Because of the large amount of money traded, no matter how the firewalls are supervised, many hackers have been studying how to attack the exchange for profit!

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August 19, 2018, 03:36:07 PM
 #689

We can't say the its a 100% safe we don't what hackers can do. Be careful.
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August 19, 2018, 03:47:16 PM
 #690

As an individual, I would say to just be responsible with the sites you give information to. We are responsible for our own security. The most easiest way for hackers is from phishing sites, so be aware of the addresses and fraudulent emails.

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August 19, 2018, 03:55:34 PM
 #691

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
I think hackers can do anything! But while I do not have hundreds of thousands of dollars in my wallet, I can still be calm!

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August 19, 2018, 04:17:21 PM
 #692

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
I think hackers can do anything! But while I do not have hundreds of thousands of dollars in my wallet, I can still be calm!
but you must remain cautious, however many assets we have, must be maintained. therefore do not ever follow suspicious links, usually sent via email. so i think your wallet will be safe

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August 19, 2018, 04:47:25 PM
 #693

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
Hackers can't just open your account or your computer without you letting them in. If you donwloaded suspicious files for sure they have might get in your account or computer. Bitcoin is safe from hacking because if it is not then the value would be now so deep down.



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August 19, 2018, 05:30:35 PM
 #694

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
Hackers is everywhere. As long as you work on the internet, hackers might get into it. So you should be careful on every click or type that you are going to made.

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kenlyresuello08
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August 21, 2018, 01:40:47 PM
 #695

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

These exchange hacks always makes me suspicious. Most of them looks like inside jobs. Because it is not possible for the hackers to crack through multiple levels of authentication, unless they have support from someone who is familiar with the system.
so your saying that the hacker was one of the staff of one company?
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August 21, 2018, 01:46:26 PM
 #696

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

Bitcoin itself is secure, but the problem is their user itself, i bet they not secure their own wallet that's why get hacked. It's like when bank get robbed, i don't think you can blame dollar in this case, the problem is bank securities, that's all.
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August 21, 2018, 02:14:18 PM
 #697

I use my personal computer only when I enter trusted sites to increase the security of my accounts. and my flash memory is protected by long passwords.
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August 21, 2018, 02:24:11 PM
 #698

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

Before we joined cryptocurrency we already how risky this investment is. The system is operated with computers and uses internet the this is the easiest target for hackers. That is why we need to expect that any security breached to occur.
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August 21, 2018, 02:38:01 PM
 #699

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

These exchange hacks always makes me suspicious. Most of them looks like inside jobs. Because it is not possible for the hackers to crack through multiple levels of authentication, unless they have support from someone who is familiar with the system.
so your saying that the hacker was one of the staff of one company?

May be people familiar with the employees in that company. I do not think corporate employees are a hacker, they can not self-destruct their jobs and go to jail. An employee of the company and going to hacked that company, sounds unreasonable at all



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August 21, 2018, 03:53:18 PM
 #700

these hackers are the headaches of the technology world. but in very simple ways we can get rid of them. especially privacy must be the basic principle. no one other than you should have even the slightest knowledge about you.
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