bitcoin can't be robbed

[JoyMarsha]

How would the robbers justify to themselves that the goal they set out to achieve was not achieved when they must have planned how to get away with Bitcoin in an ATM? It's insane that they would even consider such a move in the first place. If not for cash, who would ever consider taking bitcoin from an ATM? The criminals are not familiar with Bitcoin at all.

But yes, someone can rob your Bitcoins in other ways like telling you to transfer the coins to the robber's address under gun point or if someone accesses your seed phrases to your addresses containing the Bitcoins.

For once, I had considered such an incident in the past. What if someone points a gun and ordered someone with Bitcoin to send it to an unidentified address? How will the person begin to trace the robber?

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[KingsDen]

Unlike what majority of the people have been saying in this thread, bitcoin can be robbed from you and it can also be stollen. What happened in the above picture is ignorance. Infact I will tell you that people who broke that ATM didn't know if was for bitcoin. They might not know what bitcoin is like. So, they saw an ATM stand which is not well secured like other ATM stands, so they arranged to vandalise it and go away with fiat cash but they were disappointed.
There is no way those people who vandalise that expected to see something like note or coin called bitcoin.

Op, meanwhile you may consider to rename the title of this thread because criminals, scammers and hackers can rob you of your bitcoin.

It can be said that these robbers didn't find out first and just took it with the hope that there was something that could be used as money in it For some, including for me, this was actually funny because it turns out that robbing also requires a big enough plan so that they get results lol.
But it will be a different story with people who actually understand and are already in bitcoin because indeed they must be looking for other ways as has happened in some cases where someone was asked to hand over their wallet or was told to transfer their assets and indeed things like this can happen now and the latest in my country there is also something like this where a tourist is exposed to this kind of thing.

It is really funny, but funny enough it requires more plans and strategies for you to be able to execute a successful robbery than to do a legitimate business. Do you think that armed robber or even scammers do not do necessary planning before they can be successful in one robbery or scam?

If they tell you what they passed through in robbery, you will not believe. Someone that is doing a legitimate business is backed by law and can plan whatever he wants openly and seek for suggestions.

But someone that is into robbery cannot seek for other people's opinion unless from his gang members who might also not be informed about that particular case of robbery. Just like what happens with the Bitcoin ATM.

[terencio]

That's hilarious! I can imagine their faces when they realized they wasted their time and effort. Bitcoin is indeed mysterious and also very secure. You can't just steal it from a machine. You need to have the private keys and passwords.😂

[Furious 7]

It can be said that these robbers didn't find out first and just took it with the hope that there was something that could be used as money in it For some, including for me, this was actually funny because it turns out that robbing also requires a big enough plan so that they get results lol.
But it will be a different story with people who actually understand and are already in bitcoin because indeed they must be looking for other ways as has happened in some cases where someone was asked to hand over their wallet or was told to transfer their assets and indeed things like this can happen now and the latest in my country there is also something like this where a tourist is exposed to this kind of thing.

It is really funny, but funny enough it requires more plans and strategies for you to be able to execute a successful robbery than to do a legitimate business. Do you think that armed robber or even scammers do not do necessary planning before they can be successful in one robbery or scam?

Actually it's possible like because they also actually saw from this ATM robbery that their plan was good and they weren't caught when they tried to bring the empty machine but indeed in this case it was their ignorance about bitcoin that made them fail but that doesn't mean their plan was to rob it failed because they managed to thwart the ATM even though it was just useless because they didn't look further at what bitcoin was like but the point of the plan was definitely there.
Imagine cheating by telephone without planning, they will not succeed in tricking their victims if indeed there is no plan and the parts that must be carried out by the accomplice.

If they tell you what they passed through in robbery, you will not believe. Someone that is doing a legitimate business is backed by law and can plan whatever he wants openly and seek for suggestions.

In this condition, we have our own circle of friends, and don't think that scammers don't have that kind of friendship, because the network could be bigger than expected, so it's possible to find information in advance with those who have done it, even though we may not know how. but they certainly won't move without knowing the loopholes and without professional guidance, right?

[GH2022]

The sad thing is that people just expect things to happen - 'it's an ATM therefore it must have money inside it!'

Just like some people believe that you can buy Bitcoin Wallets on TOR/The Dark Web and the person selling them will be honest and give you the keys etc. so that you can access that account and transfer the Bitcoins from that Wallet to your own.

If that can actually be done, I would be very surprised.  I have to say that I know little about TOR/'Dark Web' but if something looks too good to be true...

[alastantiger]

Bitcoin is vulnerable to theft, as exemplified by the concept of a "$5 wrench attack." When individuals openly share Bitcoin-related content without safeguarding their identity, it becomes easier for someone to trace their location, workplace, or daily routines. Subsequently, the perpetrator acquires a cheap wrench and either confronts the victim at their residence or intercepts them during their regular morning walks. Through physical force or the threat thereof, the attacker coerces the victim into revealing their private keys or passwords to their Bitcoin wallet, resulting in the loss of their Bitcoin holdings. It is essential not to underestimate the possibility of Bitcoin theft.

[serjent05]

That's hilarious! I can imagine their faces when they realized they wasted their time and effort. Bitcoin is indeed mysterious and also very secure. You can't just steal it from a machine. You need to have the private keys and passwords.😂

But I think that these robbers are happy after their robbery. They are not for the Bitcoin but for the cash inside that ATM.  Only naive people thinks that these robbers walks out without anything in their hands.  Although they maybe not knwledgeable about BTC or even if they are, their main purpose is to rob that Bitcoin ATM of cash since it is possible that they knew they can be traced if they steal those Bitcoin.  I think these robbers are smart.

[Accardo]

For once, I had considered such an incident in the past. What if someone points a gun and ordered someone with Bitcoin to send it to an unidentified address? How will the person begin to trace the robber?

I think chain analysis can take care of that and since it has to do with a broad day event the police can get involved in the search of the person. But if the thief is not aware of bitcoin, to avoid the whole trouble and stress, the victim can quickly reduce the bitcoin fees such that it'll be difficult for miners to confirm the transaction, at least it can delay for days and get cancelled that's if the wallet doesn't support double spending.  

[TravelMug]

That's hilarious! I can imagine their faces when they realized they wasted their time and effort. Bitcoin is indeed mysterious and also very secure. You can't just steal it from a machine. You need to have the private keys and passwords.😂

And there could be 2 sets of robbers, those who did their job and "case" it putting going after it, and those who are dumb who thinks that bitcoin ATM is the same as a regular fiat ATM. And then they think it's easy to steal because the machine is small as compare to a regular ATM, thus they can just pull it out and then have 4x4 to do that for them. However, they could be surprised that there are no money inside the ATM machine. 

In any case, we should be aware of the $5 wrench attack as this is the most dangerous strike on us bitcoin investors. They can just go put a gun at you in your home and forcing you to give the robbers the access to your account.

[Bitcoin_people]

About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄
snip
https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19

this is one proof that education about bitcoin is very important LOL

this is the first time i've seen a case as funny as this ^{(in my country cases like this have never happened)}, do they think that bitcoin has a physical body, access to investigate what bitcoin is is now widely circulated on the internet and anyone can easily see that that's why the ATM thief seems to be a reckless person and not do some research first ^{(getting caught by the cops for something we can't have and have no physical body, that's really funny)}

The robber who came up with the idea that he would break into the Bitcoin ATM machine and take all the Bitcoins. This is really a funny thing. Although the robber didn't learn much about Bitcoin, maybe someone heard about the value of Bitcoin. And later he had such a stupid idea and did this. If the thief knew the details about the physical body of this bitcoin, he might not have done such a stupid thing. This is the first time I have heard this story and it makes me laugh. Earlier I heard ATM machines were vandalized by a thief for money. When the machine was broken there was no money and the thief was surprised to act like a fool. Likewise, another stupid thief broke into an ATM machine to get his hands on bitcoins to no avail. It's a funny thing really, the thief needs to have some knowledge but he may have no knowledge of the technology for which he broke the bitcoin machine.

[nur rochid]

That's hilarious! I can imagine their faces when they realized they wasted their time and effort. Bitcoin is indeed mysterious and also very secure. You can't just steal it from a machine. You need to have the private keys and passwords.😂

And there could be 2 sets of robbers, those who did their job and "case" it putting going after it, and those who are dumb who thinks that bitcoin ATM is the same as a regular fiat ATM. And then they think it's easy to steal because the machine is small as compare to a regular ATM, thus they can just pull it out and then have 4x4 to do that for them. However, they could be surprised that there are no money inside the ATM machine. 

In any case, we should be aware of the $5 wrench attack as this is the most dangerous strike on us bitcoin investors. They can just go put a gun at you in your home and forcing you to give the robbers the access to your account.

fortunately the robber was not familiar with bitcoin, so his understanding was like an ATM in general. indeed this is a distinct advantage by using bitcoin, by not carrying cash, we benefit from crime. maybe after this the thief will learn about bitcoin and afterwards smile to himself while making a fool of himself. but also bitcoin users must always protect the private key so that it does not fall into the hands of other people

[GH2022]

Very true, one of my friends was sadly attacked by somebody at a Bitcoin in-person meet - it turned out that a gang wished to rob him thinking that he had actual physical Bitcoins on him.

Sadly, he refused to trade again with anybody.

[Victorik]

About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄

https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19

I am sure they took it literally, that since it is Bitcoin,.so the where hoping to see actual count, but ended up disappointed. They lacked the knowledge about BTC, that it is a digital currency.

[Dr.Osh]

LOL, I'm pretty sure these people think that there is a lot of cash inside, or even some physical form of value. which means, thieves trying to take advantage of those bitcoin ATM machines don't understand how Bitcoins work. When they do that, all they get is tired, and also chase from the authorities. it must have been their worst experience ever trying to rob.

[taufik123]

They only think that Bitcoin ATM machines are the same as ATM machines in general which have a lot of cash in them.
Even though the Bitcoin ATM machine only contains the Bitcoin address and Privatekey held by the ATM machine owner.
It was the robber's worst experience and with great difficulty to damage the Bitcoin ATM machine.

The robber didn't learn about Bitcoin first so they didn't get anything out of their crime.
It was a pretty stupid robbery, but he will learn from this experience and try to figure out how Bitcoin works.

[serveria.com]

About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄

https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19

They obviously took the cash money from inside of the ATM after they cracked it open. The design of the ATM is not very successful btw it looks more like a tin can with thin metal and probably not too heavy too. 

[Pablo-wood]

They can't get Bitcoin at an ATM but the real cash is inside that machine.
So why would they be disappointed if they already get some cash?

Bitcoin ATM works: before you buy Bitcoin you need cash to deposit so it should have some cash unless all transactions made on that machine are via Debit/credit card.

I think majority of the Bitcoin ATM uses Debit/Credit card which means if the ATM machine the bandits took doesn't use cash deposit it will be a major disappointment for them and if peradventure it uses cash deposit they will never be as satisfied as they should because no matter how much they realise from the machine the feelings won't be compared to that they would have had if it was Bitcoin the were able to steal because the deposit made at the machine will be retrieved by the operators on interval base since it is only programmed to accept fiat and send Bitcoin in return to the wallet provided.

[SquirrelJulietGarden]

I think majority of the Bitcoin ATM uses Debit/Credit card which means if the ATM machine the bandits took doesn't use cash deposit it will be a major disappointment for them and if peradventure it uses cash deposit they will never be as satisfied as they should because no matter how much they realise from the machine the feelings won't be compared to that they would have had if it was Bitcoin the were able to steal because the deposit made at the machine will be retrieved by the operators on interval base since it is only programmed to accept fiat and send Bitcoin in return to the wallet provided.

You use cash to buy Bitcoin at Bitcoin ATMs.
You see in the following article, there is no bank cards to use and trade at Bitcoin ATMs that only have cash. If you need bank cards to use at Bitcoin ATMs, is it better than using banks and bank ATMs? KYC will be required and if you are Bitcoin user, more or less you don't like KYC.

Bitcoin ATMs: A beginner’s guide to Bitcoin teller machines

[worle1bm]

If we just leave aside this case then there are many ways btc can be robbed like online scams or even physical threats also if someone came to know about your Bitcoin storage as we have seen in some cases.So the title don't go in all the ways as bitcoin ATM machine also have cash inside it so they can get it although they were fool enough to take it as fiat one.But there are ways if you are ignorant enough that your btc can go to someone else.

[RiverBoy]

That's very funny for a person building Bitcoin ATM to withdraw Bitcoin or any other cryptocurrency, which is not possible, because Bitcoin is simply means a digital currency, which can not touched, but only see the virtual figure of the assets you have in wallet and all Bitcoin transaction are being done online. Accept when government officially accept as a means of transaction in a country, it can be able to link with Bank, by issues ATM to withdraw as Fiat money, base on the current price in market to the local currency exchange rate, it we come to past as long Bitcoin is exist on the planet