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RE: Binance Hacked?

in #cryptocurrency6 years ago (edited)

I think I might just pull out from crypto entirely, not only has it been horrible investment but it's also not secure which is ridiculous considering this is supposed to be the high tech future and yet it's totally susceptible to hacking. I've had brokerage accounts for 20 yrs and never had a problem or heard of anyone losing money via a hack (and don't need a "hard wallet" or other stupid crap), and yet with crypto and all this security things are getting hacked left and right, then add in all the FUD....it's pathetic.

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That is the unfortunate part about crypto being the wild wild west of investing. There is an insane risk right now because there are tons of best practices that haven't been completely established across the insane amount of exchanges, coins, and tokens that have popped up over the last couple years.

I sadly think your feelings above are being felt by lots of people right now.

Even with this market dip to start the year, I've made more money in crypto than any investment outside. I've almost tripled what I've put in so far and I think the risk is well worth the potential rewards. The markets are still wildly volatile but I can't see cryto just fading into nothing so I for one am in this for the long run. The space is still adapting and evolving and over time more safety and control will come. If you take the proper precautions you are just fine holding cryptocurrencies.

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