Just read something crazy

Hey,

I wanted to get your input. I just read on another forum that recently there was a DDoS attack on the Kraken exchange and the price manipulation on one of the cryptos was crazy. in 90 minutes it went from 90 to 30 back to 90.

I love the idea of investing in Cryptos for the longer term but things like that have held me back so far.

Thoughts?

Apparently, this happens frequently (like every year, or 18 months).

Here are three separate events involving the Kraken Exchange:

December 18, 2014

November 5, 2015

May 9, 2017

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Wow!

So is it just them or are all of the Crypto exchanges similar?

I think they all fall prey to DDoS attacks, from time to time.

I saw THIS ARTICLE

That’s all I know about it. If you want more details, try Google.

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Crytpos for longer-term investment? Seriously?

Yeah. Not LONG term. Longer term. If you saw in the beginning I wrote that I used to do very short trades. Within minutes and by end of day I was out no matter what.

Cryptos for longER meaning a few days :slight_smile:

Understood MarkLRF, makes sense now thanks.