Originally Posted by
Medium9
This isn't a testament to this exchange's quality but the reputability of the attached banks. (And yes, banks have been hacked too.) Additionally: You're not bound to trade through any particular exchange. Bind your wallet to any exchange and deal through any of them. If you limit yourself to just one, that's fine. But as with any newer tech, you have to expect technical difficulties and should plan accordingly. You just can't attribute individual failings to the system as a whole, especially if there are obvious ways to counter or at least mitigate such failings.
That's liky saying that the construction company is liable because you cracked your skull because you ran head-on into a concrete wall they built without any kind of protection.
Are cryptos without worries? NO! I'd advise anyone to not even think about putting any money into them they couldn't afford to lose in a moment's notice. The markets currently are fricking wild, and the peaking wide interest generates technical hurdles many attached comanies didn't have to deal with until recently. It'll take time to resolve them, which makes the markets even more unstable. It's a rollercoaster, especially during the past few weeks. But the ideas have been proven worthy for a couple of years by now, and any security worries result not from the actual technique employed for the core concept, but satelite installments that aim to ease the use of the tech. Any qualms against those would be like saying: "Well, cash isn't safe because ATMs can physically be removed and cracked." - which would only say things about the company making and installing the ATMs in question, but NOT the concept of cash money itself.
BTCs are a lot like cash in this regard: If you're not an utter idiot, you're able you secure your stash with relative ease. That doesn't say much about their market value, but if you're not stupid at least your actual posession of BTC can be made quite untouchable.
Regarding their value, we're currently in rather turbulent times and we'll have to see how this plays out. Stuff is still rather new, and only recently gained the attention of "non-geeky" media and people, which naturally causes a lot of movement. Anyone claiming to know anything right now can only be called ignorant, stupid, delirious and/or biased. Especially if like now, it's pretty much unknown if and how governments will eventually react. Cryptos' fate will eventually be decided on political levels, and as far as I'm concerned I see them being put into the same shackles traditional currencies are in eventually. Thus I'm glad to have had my fun and gains with them so far, and will proceed to do so until they inevitably become just yet another regulated currency.
(Which isn't even a sentence of doom, but they surely eventually will be not much better than trading traditional currencies in the eyes of investors. Read: Just another option, just as potentially viable as any other option.)