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Author Topic: Do you think security is the Major threat to crypto investment?  (Read 499 times)
kingstep
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November 10, 2026, 02:22:57 PM
 #61

scammers has break into some investors wallet without given them details of the wallet but the users did not know solid wallet that is reliable of holding crypto because if you use some reliable wallet, it will be difficult for scammers to gain access to your crypto without you given them details about the wallet.
If you still look at it, it is usually due to the failures of the crypto users that make them victim of some of this scam because they are unserious with their security. security generally is not only associated with crypto alone. even in other areas also, there are a lot of security challenges that users have to face and sometimes, you have to take the responsibility of being accountable to yourself so you don't get scammed. 

There are still an handful of investors that have stayed invested for a very long time and yet have never been scammed for once. this is not the case just because they are on a different niche from every other crypto users or that they are just too lucky. it is the case because they took the necessary security precaution that though might be pretty basic still stands essential.
 

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November 10, 2026, 03:33:26 PM
 #62

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

If I am not mistakenly, this year 2026 may seems to be the worst year in the cryptocurrency history in regards to how often or frequent the crypto platforms are being hacked, this includes gambling site and cryptocurrency wallets at large.

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?

The only method I know is something called "Responsibility"
Many new investors aren't ready for that part and crypto security is going to be complicated for lazy beginners, that's a certainty.

If you can't do your own research and put aside the hastiness in you at first? You are bound to make terrible mistakes and financial decisions, there are outmost methods that a crypto investor can apply that can limit their exposure to risks online.

First thing first, accept that self custody is the way,  anyone who tells you something apart from self custody are planning to use you, it's possible that such people are running a centralised business where custodial is most important to their business.

Self custody is the answer.
Avoid strangers online, don't click on shady links and don't use any internet access devices to store your digital assets, get a open source non-custodial crypto wallets for this.

Offline is the key, the more the internet is far away from your cold storage the lesser the risks of anything going wrong, keep your recovery seeds away from the internet, Not your keys not your coins.

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Perfectbaby (OP)
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November 10, 2026, 10:10:00 PM
 #63

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

If I am not mistakenly, this year 2026 may seems to be the worst year in the cryptocurrency history in regards to how often or frequent the crypto platforms are being hacked, this includes gambling site and cryptocurrency wallets at large.

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?

The only method I know is something called "Responsibility"
Many new investors aren't ready for that part and crypto security is going to be complicated for lazy beginners, that's a certainty.

If you can't do your own research and put aside the hastiness in you at first? You are bound to make terrible mistakes and financial decisions, there are outmost methods that a crypto investor can apply that can limit their exposure to risks online.

First thing first, accept that self custody is the way,  anyone who tells you something apart from self custody are planning to use you, it's possible that such people are running a centralised business where custodial is most important to their business.

Self custody is the answer.
Avoid strangers online, don't click on shady links and don't use any internet access devices to store your digital assets, get a open source non-custodial crypto wallets for this.

Offline is the key, the more the internet is far away from your cold storage the lesser the risks of anything going wrong, keep your recovery seeds away from the internet, Not your keys not your coins.
Of course anyone who must keep investing in Bitcoin or that is wanting to hold Bitcoin must understand things that it would take for you to hold Bitcoin. Self custodian wallet is another means of holding it tightly but you must also understand where you should be saving your privacy keys and seedphrase because if you do not do the right thing at the right time then you would definitely lose control of your investment. There are people who believe of saving their information on their gmal or iCloud so that they can be able to have access to their information online and even though if they lose access to their devices without them knowing that, whatever that is stored online can likely be leaked and from their backend and your information could be accessible.


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November 10, 2026, 10:37:11 PM
 #64

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?
DYOR is the only key. Fear is inevitable, but with consistent acquisition of knowledge and knowing those security tips and measures prior to investing and holding bitcoin, I think it would be a lot of help to minimize the fears in the eyes of the people.

The moment we enter into crypto, we all know that hackers and scammers would be our biggest enemy. And the only thing, if not to stop them but avoid them, is to be knowledgeable and cautious always so we can prevent them from hacking our own crypto wallets.


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November 10, 2026, 10:37:16 PM
 #65

Self custody is the answer.
Avoid strangers online, don't click on shady links and don't use any internet access devices to store your digital assets, get a open source non-custodial crypto wallets for this.

Offline is the key, the more the internet is far away from your cold storage the lesser the risks of anything going wrong, keep your recovery seeds away from the internet, Not your keys not your coins.

The thing is that it's hard to separate everything, that's what I noticed with crypto users and enthusiast, the same phone, the same laptop or desktop that they used for their trading or to store their crypto is in the same machine.

That's why when they connect to the internet, they are at risk. If people are more willing to let's say have a separate pc for their personal use or not used the same email for their crypto activity, we increased our chance of not being hack.


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Today at 07:16:37 AM
 #66

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

If I am not mistakenly, this year 2026 may seems to be the worst year in the cryptocurrency history in regards to how often or frequent the crypto platforms are being hacked, this includes gambling site and cryptocurrency wallets at large.

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?


Security might be a threat to crypto currency but it's really not the number one threat at the moment especially in this recent times in 2026, recently volatility has been one of the major challenge investors face in the crypto market.

It has been challenging and volatility has made some persons buy at the top and sell in panic at the bottom and this can be very scary to an investor all the same I prefer to stay with a long term investment where you can actually hold for quite a number of years to reduce the risk that comes with volatility.

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Today at 08:02:29 AM
 #67

Security might be a threat to crypto currency but it's really not the number one threat at the moment especially in this recent times in 2026, recently volatility has been one of the major challenge investors face in the crypto market.

It has been challenging and volatility has made some persons buy at the top and sell in panic at the bottom and this can be very scary to an investor all the same I prefer to stay with a long term investment where you can actually hold for quite a number of years to reduce the risk that comes with volatility.

Security has been the challenge from day, how people forget to back up their wallet data to how they forgot to secure their private keys and how people forgot to use safe wallet. However, from my observation I think as people wise up and understand the basic security tips and how to secure their wallet, the recent AI development has made Bitcoin security complicated, they don't hack with ordinarily again, hackers are using this AI to steal from people.

What I know is that a solution can create a problem, that is the phase of AI we are seeing right now but will not continue for long, we will get through this. It's not like AI can literally brake Bitcoin, all of the failures comes from human and that's their responsibility to handle, not the network. Even the developers will be doing things they can do to secure Bitcoin stronger.

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Today at 08:19:08 AM
 #68

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

If I am not mistakenly, this year 2026 may seems to be the worst year in the cryptocurrency history in regards to how often or frequent the crypto platforms are being hacked, this includes gambling site and cryptocurrency wallets at large.

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?


Security might be a threat to crypto currency but it's really not the number one threat at the moment especially in this recent times in 2026, recently volatility has been one of the major challenge investors face in the crypto market.

It has been challenging and volatility has made some persons buy at the top and sell in panic at the bottom and this can be very scary to an investor all the same I prefer to stay with a long term investment where you can actually hold for quite a number of years to reduce the risk that comes with volatility.
Volatility on crypto is just normal, it's not a threat. It's just we just have an increase on volality because of worldwide events that caused it. Even stocks, forex and other assets are experiencing it so it's not a threat, it is a result of people stirring things up our world right now. People who are scared of much volality won't be on crypto at the first place since cryptocurrency is know to be one of the most volatile asset.

Security is a much bigger issue IMO since it has become a target for hackers wanting an asset that they can possibly launder with less risk compared to other assets. 2026 showed us how ruthless and penetrable systems are and it happened that these hackers are attracted to crypto websites as they can gain something from it. I know that crypto platforms such as exchange and gambling website has a good security but these hackers are trying their best to take advantage of finding these vulnerabilities. I believe that these crypto platforms has better security than any other platforms (except really big web2 platforms such as social medias), this is why other web2 can also be penetratable.

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Today at 09:07:13 AM
 #69

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?
Those who have good knowledge about technology and security are still investing in Bitcoin. Even after so many hacks in 2026, those people are not panicking. That is, the main problem is not security flaws, but lack of knowledge.

We are making a mistake in one place, the hacks we have faced were exchange hacks or wallet hacks, they were not crypto hacks. If we can store our crypto assets safely and strengthen security, then I don't think we should worry too much about hacking or fraud.

It is natural to have risks in investing, the risk of getting hacked is also natural. But how educated and how safe you can be against that risk is the main thing. If people are educated about technology, about fraud and about security, maybe FOMO will not be created by negative news about hacks.

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Today at 10:23:24 AM
 #70

Security might be a threat to crypto currency but it's really not the number one threat at the moment especially in this recent times in 2026, recently volatility has been one of the major challenge investors face in the crypto market.

It has been challenging and volatility has made some persons buy at the top and sell in panic at the bottom and this can be very scary to an investor all the same I prefer to stay with a long term investment where you can actually hold for quite a number of years to reduce the risk that comes with volatility.
Isn't crypto from the beginning never separated from the name volatility? if that's the case why not invest in a relatively stable asset?

Buying at the top is a rash decision and is not balanced by analysis. but for investors buying at the peak does not necessarily mean a problem because the target is long-term growth.

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Today at 10:51:06 AM
 #71

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

If I am not mistakenly, this year 2026 may seems to be the worst year in the cryptocurrency history in regards to how often or frequent the crypto platforms are being hacked, this includes gambling site and cryptocurrency wallets at large.

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?
Security concerns are a major issue in many sectors and the crypto space is no exception. in my opinion,,, security is indeed the most important factor. And to be honest, I’m personally more concerned about the security of the money I keep in my bank account than the money I keep in my cold wallet. this is because there have been quite a few hacking incidents involving bank customers lately. In the crypto space, as long as we aren’t careless and understand how to secure our own funds, it shouldn’t be a problem as long as we don’t store them on a centralized exchange (CEX).

Lately, there have also been many security issues on the internet. And this is what’s causing even greater concern including in the crypto space.because some major CEXs have recently been hacked. Fortunately, they acted quickly to secure the funds, so losses were minimized.

 
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Today at 11:14:39 AM
 #72

That's why the majority are fearing this, but this is not new. Some of it happened before, and everyone will forget, so I am not worried, but the threats are only going to increase.

It's a valid reason to make someone to be scared but the security challenge is not only applies to crypto but affect every other aspects you think of. It's just that it comes in different forms. So that should not stop people from investing but encourage them to take the security responsibility seriously.

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It all can stop if the authorities find the biggest hacking groups attacking crypto mainly, like the Lazarus Group and this new TraderTraitor-named group.

It can not all stop. How do you expect the authorities to find them when they are allegedly being sponsored by the same authorities? The Lazarus Group is widely believed to be a state sponsored group by the North Korea government. It's not like they're hiding from the authority in the first place, they authorities know who they are and where they are operating from but they just can't do anything about it.

 
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fighter2627
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Today at 12:31:10 PM
 #73

In this business that we belong to, most of the people here, even they are too much careful to secure their assets we cannot escape from the unpexpected things.

So I guess for me security is very important, particularly if we are talking about the safety of our assets here, that is why in any aspect of business security is the number one
very significant to make the investors remain here isn't, right?

davis196
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Today at 01:17:39 PM
 #74

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

If I am not mistakenly, this year 2026 may seems to be the worst year in the cryptocurrency history in regards to how often or frequent the crypto platforms are being hacked, this includes gambling site and cryptocurrency wallets at large.

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?

There's risk involved in every type of investment. Gold can be stolen. Real Estate properties can burn to the ground or be destroyed by earthquakes or floods. Stocks can drop to zero, if the company, that issued the stocks goes bankrupt. If a person is too afraid to take risks, he's not a true investor. There's a learning process in getting to know Bitcoin and crypto in general, but my advice to newbies is to never trust  centralized platforms and to be careful when dealing with "crypto experts" on social media. The hacking "threat" towards the crypto industry is exaggerated for now, but I don't know what will happen in the future, when AI becomes super-AI and quantum computing becomes reality.

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Today at 01:30:18 PM
 #75

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?
Invest with only your discretionary income and you will have nothing to fear about the recent or previous negative news on cryptocurrency hacks.

Quote
There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?
There are certainly people who have always been skeptical about investing in bitcoin, due to the negatives news that has circulated about exchanges being hacked, they now have a justified excused why they haven't invested all this time. The hacks on exchanges especially binance shows that anything that is built by human intelligence has flaws. Binance is the most secure exchange on the planet but they aren't 100% secured. So anyone who is holding their assets on any exchanges should withdraw their assets to a custodial wallet for their own good.

Quote
If I am not mistakenly, this year 2026 may seems to be the worst year in the cryptocurrency history in regards to how often or frequent the crypto platforms are being hacked, this includes gambling site and cryptocurrency wallets at large.
Yes it is, and binance was the most hits of all the other exchanges that were hack this year. I feel there's alot that those affected exchanges haven't done yet to stop hackers and they need to start doing something fast so that hack like these won't happen again on their exchange. I think exchanges and gambling platforms aren't the only potential targets to hack, everyone is on their radar. So it is a matter of major concern for everyone.


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Today at 01:43:32 PM
 #76

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

If I am not mistakenly, this year 2026 may seems to be the worst year in the cryptocurrency history in regards to how often or frequent the crypto platforms are being hacked, this includes gambling site and cryptocurrency wallets at large.

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?
What has happened in the crypto space this year is nothing new but has happened before, and nothing has changed. The same way people have been able to protect themselves in the past is the same way they are expected to protect themselves from scams and hacks. It is essential to be a custodian of your own wallet. Using a non-custodial wallet will really help people avoid scams and hacks. The only thing people who want to invest in Bitcoin need to do is seek understanding and go about things in the right way; this will help them avoid being victims of hacks.

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Today at 01:48:57 PM
 #77

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
Yes, security is a determinant of a person's interest in crypto investment. I know many people who want to own crypto, especially Bitcoin, but are scared of ending up in a situation where they have to be consoled because they lost their coins to a scammer or poor security. If there were someone they could hold accountable for their loss, a lot of people would be more comfortable holding more crypto. Someone to blame for poor security, but too bad in crypto — who will lay responsibility on for your loss?

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