Galdorf
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Hackers steal bitcoins worth millions in attack on exchange
- Thread starter Galdorf
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nlinecomputers
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LOL
You'd think people would've learned after what happened to Mt.Gox. Why are people still storing funds in an exchange!?
An exchange is for exchanging. Store your digital currency in a secure offline wallet.
On the positive side, the slump in value news like this causes means it's a great time to buy to some more Bitcoin at a bargain price!
An exchange is for exchanging. Store your digital currency in a secure offline wallet.
On the positive side, the slump in value news like this causes means it's a great time to buy to some more Bitcoin at a bargain price!
alluseridsrejected
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Now what is a respectable drug dealer or pimp supposed to do? And how much hard earned crypolocker money just went down the drain?
Mercenary Roadie
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Funny how what I said in other posts about Bitcoins happened yet again and the value dropped.
A fool and their Bitcoins are soon parted.
A fool and their Bitcoins are soon parted.
Regarding Bitcoin exchanges and the fools who store their currency in them, I would agree with your second statement. Any digital currency you hold, be it Bitcoin, Ether, Dash, Litecoin, etc, should be held in secure offline wallets. There really is no reason to put your trust in the security of an exchange.Funny how what I said in other posts about Bitcoins happened yet again and the value dropped.
A fool and their Bitcoins are soon parted.
As for the price, well, that depends on when you purchased your Bitcoin. If you're an early adopter, this is a small dip and you're still up on the deal by quite a bit. The cryptocurrency I hold is worth more than 20 times what I originally paid for it and the dip in value was a good opportunity to purchase a little more at a bargain price. The value has begun to bounce back it seems and overall it continues to climb:
Personally though, I think Ether is the one to watch right now. If it can overcome recent issues relating to The DAO and gain more credibility, Ethereum has a lot of potential, especially considering the 'Smart Contract' features. I think Bitcoin will continue onwards an upwards, purely because it is so well established, but if you're a little late to the cryptocurrency party and looking to have a little flutter, I think Ether is worth a few quid.
One thing to note in all of these cryptocurrency hiccups is that the issues are with the third party sites or applications that are hastily evolving to utilise the technology; the underlying blockchain technology remains secure. And if you've been led by the mainstream media to believe that cryptocurrency is purely for drug dealers and other criminals, you should think again. Cryptocurrencies are here to stay; they are doing to finance what email did to posting letters. Like it or not, you will be using blockchain technology before too long, whether that's directly using cryptocurrencies like Bitcoin or indirectly via your bank's blockchain implementation.
On that note, here's an interesting thought ...
http://btcmarketwatch.com/2015/03/y...scendants-will-own-during-the-next-200-years/
Will you be telling your grandchildren "I was one of those early adopters", or will you be saying "I remember when cryptocurrencies started, but I missed the boat"?
Personally, I think it's an absolutely fascinating, potentially world-changing, technology that is worth getting to grips with, even if you only invest a few quid/bucks. As a techie you have the advantage of being able to understand it more easily than the majority and get involved early before it evolves into something everyone can use.
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