Bitcoin and its vulnerabilities

Discussion in 'Crypto Assets' started by TopGunTrading, Feb 12, 2021.

  1. tommo

    tommo


    Hackers cannot generate new BTC, its impossible. There are so many elements to the setup of Bitcoin that make that impossible.
    CEO? Of Bitcoin? What?
    If Elon sells his position it would make little difference in terms of price impact. The publicity of him saying he thinks BTC will go down would be a media story that dampens price for sure. But the market can easily absorb that selling pressure. The market didn't even notice he bought, its only when he told everyone he bought and other people copied him that the price moved.
     
    #31     Feb 13, 2021
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  2. Trader Curt

    Trader Curt

    Are you sure about that? There was a huge green candle an hour before the news came out that he bought. Of course that could also be inside information for early investors.

    The way I see it, it would take a lot of money to try to manipulate the market right now since now there is over a trillion pouring into Bitcoin. That's why I think these CME futures gaps aren't closing. They don't have the balls or the power to go against the tide
     
    #32     Feb 13, 2021
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  3. tommo

    tommo

    He bought it weeks before. The SEC filing just alerted ppl to the fact he had earlier in the month.
     
    #33     Feb 13, 2021
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  4. SunTrader

    SunTrader

    for years and years yet BTC is still here.
     
    #34     Feb 13, 2021
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  5. SunTrader

    SunTrader

    Bitcoin wallets sometimes are hacked ... just like people and businesses sometimes are robbed of their cash by gun-toting criminals.

    Funny thing though about hacking someone's electronics - if doesn't involve risk of the victim potentially losing their life.
     
    #35     Feb 13, 2021
    johnarb likes this.
  6. tommo

    tommo

    And wallets will become harder and harder to hack as the industry grows. Most of the big brokers hold the coins in cold storage now. There’s as much chance of those coins being hacked as a gold bar.
     
    #36     Feb 13, 2021
  7. easymon1

    easymon1

    #37     Feb 15, 2021
  8. ph1l

    ph1l

    Sometimes the victims are hacked instead of their wallets.:)
    https://www.hindustantimes.com/indi...er-bitcoins/story-A18ipLTQCrlFphgBPYHxoI.html
     
    #38     Feb 15, 2021
  9. I think the most vulnerable in the digital asset is because hackers, and second because fail software, already recorded some story where exchanges get trouble because of hackers and losing crypto, the crime always growth accompanied the growth in the digital asset.
     
    #39     Feb 15, 2021
  10. SunTrader

    SunTrader

    Bitcoin is really "vulnerable" smashing through 50 Friggen Thousand Dollars overnight LMAO
     
    #40     Feb 16, 2021