Re: Korean virtual currency was ransacked, Bitcoin price dropped $ 9,000

Quote from: Tankdestroyer on May 24, 2018, 11:41:59 AM

Too bad for those who lost their bitcoins when korean exchange was ransacked, that's why experienced users stronly advices newbies to not store cryptocurrencies on exchanges even if it is convenient. My thought here is that the dump we are seeing now is merely a correction, so I wouldn't call it a drop because IMO btc is a little overpriced before the drop. Now, I am seeing a healthier market despite it being priced at 7403$ according to coinmarketcap.
This might be an interesting read regarding this bit of news from OP: https://www.express.co.uk/news/world/914506/Bitcoin-price-cryptocurrency-value-2018-North-Korea-South-Korea-Kim-Jong-un-Ripple

I really do not know why newbies do not listen to our advice, one of the most common advices is that you should never store your coins in an exchange there are many things that can happen, the exchange may disappear, the exchange may get hacked, maybe a worker in the exchange steals the funds or a government may intervene and seize the exchange, I know it is a lot more convenient to keep your coins there but then people that do that should not cry about losing their coins, if they care so much about their coins they should have taken measures to protect them.