Good morning all, hope this Monday is going to treat you well and you have great plans for this week.
I got a report this morning from CCN.com on how scammers steal your cryptocurrency (read it here : http://bit.ly/2KM3ois)
You can also go into any group on facebook that deals with work from home opportunities or network opportunities and you will see endless opportunities asking you for bitcoins to get started or you can earn bitcoins, some are legitimate and some are outright scams. Again people trying to steal your "worthless" cryptocurrencies.
One application that jumped out at me that hackers are using is TeamViewer, an absolutely fantastc tool used by many IT support companies to access your PC remotely to help fix an issue without a techie driving to you. There are many remote access software programs, including an inbuilt windows app, if you use windows, that can be left open to hackers if not managed correctly, firewalls, AntiVirus software, port blockers, etc etc. You should also never leave your keys, passwords and any other security information on your computer. I know some people are very diligent and have a different password for every single site that they need passwords for, but then to remember them all, they have a spreadsheet saved on the computer with all the relevant information for the site. If your computer gets stolen, there goes the information to your bank, your email, your crypto wallets, everything. And that is not a hacker, just a common thief.
The best you can do once you have this document is print it, file it, and delete from your computer.
Anyway, if cryptocurrency and bitcoin is dead and worthless to some people, why are so many still trying to get involved?
It really is quite simple, bitcoin is not dead, it still has value and will still grow. Yes we have seen a 70% odd correction since December, and it has been struggling to regain its highs, but this does not mean it is dead, it just means that it is probably a bit under valued, and that loads of manipulation is taking place, investors pumping and dumping cash into the sphere.
When the price starts to recover, it will spark interest again, and people will start buying, people that bought at high levels may still try to offload their holdings in the fear of another slump, which will bring the price down a bit, but where there are sellers, there are buyers, and that is good. And these transactions? Miners will benefit from all the transaction fees, and as long as there are miners, there will be new bitcoins.