Quote from: sapnu on November 15, 2019, 02:55:03 PM

Quote from: CryptoBry on November 15, 2019, 09:07:55 AM

Quote from: Johnii on November 14, 2019, 03:37:37 PM

Thieves stole roughly 1,500 bitcoins by taking control of his phone number and using Google's "Forgot password?" feature to gain access to his email. With possession of the two personal accounts, the thieves hacked Terpin's crypto wallet, stole the digital assets and quickly sold them,

To be honest and speaking like an ordinary man who is not really very technical, this story quietly illustrates why there are people who are afraid to deal with cryptocurrency because we can not deny that there is a big risk of being a victim of hacking. Hackers are now getting advanced and can always be studying new ways and means to get into people's fat wallets and get themselves rich in the process. I know this is never the fault of Bitcoin but in the face of this big risk a person may think twice of investing with digital assets. And the sadder part is that there is nothing we can do for now once the control is already on the hackers' side, we can only watch how the assets are transferred from one wallet to another and even trace them to different exchanges but to stop the whole thing is beyond anybody's power.

It is a big example that we should be careful of our decision because this world is hard then we ever think. We are making money digitally meaning we cannot handle our own money physically. So every step must be studied because one single mistake, all of your money will be loose. We should study every project we want to invest in because not every word they say is true, it is normal for them to say promising words so you should not trust that, you should find out on your own. You can see the reviews of other investors if that particular project is worth investing in.

Indeed, it is the reason why some of us need to be cautious and attentive particularly these days that there are some people who will take advantage of you and deceive you. You have to understand that you can encounter different problems and challenges that is why you have to prepare yourself if you have already experienced it then learn from your mistake. Use it as a guide so you can easily avoid doing it again, it's speculative and you can't easily tell people's true intention that is the reason why you need to have enough understanding when it comes to these things because you will never know when it will happen to you.