andrea1234 (OP)
Newbie
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Activity: 58
Merit: 0
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July 25, 2019, 10:30:02 AM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust.
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bartolo
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July 25, 2019, 11:42:25 AM |
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Many people's online banking and payment processors accounts are hacked every day and people keep using them. In crypto, most of the hacks happen on centralized exchanges and many times users are compensated. Of course it's important, but hacks are not making people refrain from getting involved in crypto.
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Doranile432
Member
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Activity: 476
Merit: 22
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July 25, 2019, 11:50:14 AM |
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Yes I understand,investors fund is at risk from hacks but at the same time investors are the one responsible to keep their funds safe from hackers by doing the right things,avoid download software on PC or get a hardware wallet
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cryptothreads
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July 25, 2019, 11:53:36 AM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. This market is easy to hack and without timely security, you will easily lose all your assets very quickly. I think this market is where a lot of big criminals are working and many professional hackers are looking to make money here so account security is essential because when you are hacked you will never can get that money back because everything works based on Blockchain
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tsaroz
Legendary
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Activity: 3108
Merit: 1069
Vave.com - Crypto Casino
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July 25, 2019, 12:15:55 PM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. What we need to consider is there are risks everywhere and higher the risks, higher would be the chances of profit and a low risk investment yields low profits. If you really want to be secure, you could deposit your money into the banks. I don't mean to say everythings happening right in the crypto world but what we should realize is as we moves towards a safer crypto investments, our profit would also be way lower as each and every people would jump in.
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masterrex
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July 25, 2019, 12:51:09 PM Last edit: July 26, 2019, 12:55:42 PM by masterrex |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. Risk of being hacked is part of any online platform since no systems are perfectly safe in the internet. everything has subjected to flaws and vulnerability but it can be prevented by doing some innovative approach or solution, such as instead of using hot wallets, why didnt store cryptocurrency on cold wallets, (offline) regularly updating the platform security so that the vulnerabilities will fix or reduce. thats simple ideas will help a lot if they are doing it.
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creeps
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July 25, 2019, 12:53:34 PM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. You can’t run from the hackers, they know where to go and what to hack but as investors you have nothing to worry about if you are putting your money on a safe place. Hackers can’t access your details if you remain anonymous and never click any suspicious link, go for the top security and protect your wallet. In future more good security system will be invented.
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taufik123
Legendary
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Activity: 2688
Merit: 1823
Rollbit.com | #1 Solana Casino
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July 25, 2019, 01:03:49 PM |
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it all depends on how we can secure our assets or choose a trusted investment platform. Hackers will choose targets that have low security. Investment will remain safe from hacker attacks if we remain vigilant on the investment platform we will use. There is no safe system, but we still need to be vigilant
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AltcoinsBattle
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Activity: 537
Merit: 12
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July 25, 2019, 01:08:06 PM |
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Again this security issue. Before you deal with cryptocurrencies, you need to carefully examine how it works and what security measures. But when FOMO subordinates a newcomer, there is no time to study crypto - it's need to quickly buy something . The decentralized system requires the user to take security measures independently. And the crypto market teaches people to be more careful with their money. If something new is invented, in order to simplify the use of cryptocurrencies while at the same time increasing security, this will attract new investors.
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terrific
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July 25, 2019, 01:15:31 PM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. No need to do that, the investors are there and just waiting for the dip. While the market is on dip, everyone is just watching it and waiting for the right timing.
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tonyvo2017
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Activity: 526
Merit: 10
Lifestyle & Wellness Platform
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July 25, 2019, 01:40:10 PM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. That's why we need to choose wallet systems with high security levels or reputable exchanges such as Binance, Huobi, Bitthump. when they are hacked, they will not let disadvantaged investors, because they always have a risk reserve fund.
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terrific
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July 26, 2019, 08:38:32 AM |
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Hackers will act on weak security or have gaps, to guarantee investors, a good quality of security is needed by continually updating the security level of a system and managing valid data so that investors trust a project.
Hackers will always be hackers, they will find a way to steal money whether it is from the banks or innocent crypto users. How to update security level system? this is more of technical terms you are using and normal investors doesn't really care about this. What security majority knows today is to buy hardware wallet, hold your private key, save it somewhere protected.
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Ranly123
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Merit: 104
★777Coin.com★ Fun BTC Casino!
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July 26, 2019, 08:59:06 AM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. Most of the hacks happened on centralized exchange, so why keep using this platforms if they are prone to attacks. It would be best to choose decentralized exchanges when you want to invest into cryptocurrency to minimize attacks like hacking.
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coin-investor
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July 26, 2019, 09:17:50 AM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. No industry is really safe even the banking sectors suffer from hacks and robbery, Binance have insured people's coins in their platform, so it's better to transact your coins to a more secure and those that will guaranty your coins, in case there is a hack, Cryptocurrency is here to stay and the industry is doing everything to make things safe and easier.
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goaldigger
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July 26, 2019, 10:36:30 AM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. Most of the hacks happened on centralized exchange, so why keep using this platforms if they are prone to attacks. It would be best to choose decentralized exchanges when you want to invest into cryptocurrency to minimize attacks like hacking. There is no proof that if you choose centralized exchanges rather than decentralized one, you are not prone to any of the hacks. Those exchanges that has been hacked is coincidentally with a centralized system. There are two types or risks in crypto investment thatbyou should handle. 1. Internal risks where your investment may go higher or lower depending on the market and 2. External risks which all the hacks and frauds is. You are already prone to these two and even you go from one exchange to another, its always there. The best thing to do is to get cautious at all times.
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FlyingDrozd
Newbie
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Activity: 42
Merit: 0
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July 26, 2019, 11:20:35 AM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. Most of the hacks happened on centralized exchange, so why keep using this platforms if they are prone to attacks. It would be best to choose decentralized exchanges when you want to invest into cryptocurrency to minimize attacks like hacking. I've heard that there are exchanges who successfully passed the Deloitte audit. Do you think it's secure enough?
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Mahanton
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July 26, 2019, 11:25:41 AM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. Nothing on this world is unhackable which anything can be possibly exploited yet any platforms being coded by programmers itself so there would always be a way on punching a hole with it.It depends on a certain skill of such hacker where security can be possibly bypassed if they wanted to. Security is a big factor to gain peoples trust but look at on what happened on Binance,we thought this one is the most tight when it comes to security on exchange platform but it was still being exploited.
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timmmers
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July 26, 2019, 11:31:14 AM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. We need a real decentralized solutions. IDEX has not been hacked yet! Bitcoin, Etheruem private keys never been hacked (I am not talking about stolen private keys). The problem is always with the intermediary! Such as hacked browser, computer, CEX and so on.
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TastyChillySauce00
Legendary
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Merit: 1038
Leading Crypto Sports Betting & Casino Platform
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July 26, 2019, 12:21:22 PM |
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There are more robust and secured option such as decentralized exchange and hardware wallet and people still didn't want to use them anyway. Wonder why? people want a more convenient way of dealing with their problem instead of finding the mroe secured although harder way. People just don't feel like trading on decentralized platform and because of that the liquidity is low then many people will become less interested because of that reason aswell.
Imagine being the people that complaints about the hacking that occurs so frequently these days while not realizing that they are the one that caused such a thing to happens. Even million of posts here have warned the danger of saving money in exchanges and people still save it there anyway.
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10c
Full Member
Offline
Activity: 658
Merit: 100
BuyAnyLight - Blockchain LED Marketplace
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July 26, 2019, 12:51:49 PM |
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people are losing millions from hacks...investors are scared to invest...the industry needs to move past this to gain investors trust. We need a real decentralized solutions. IDEX has not been hacked yet! Bitcoin, Etheruem private keys never been hacked (I am not talking about stolen private keys). The problem is always with the intermediary! Such as hacked browser, computer, CEX and so on. we’ll get these solutions in the future, but now I’m not sure about the existing systems and that they can guarantee real security. only everyone by ourself can ensure the safety of their money
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