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Topic: Bitcoin saving is not safe (Read 887 times)

jr. member
Activity: 76
Merit: 1
February 02, 2018, 08:55:24 AM
Every investment has its own risk, but safety of your investment was defend on you, you have the primary responsibility on your investment. Every investment has it own safety that defend on you, for example you have the private key for your bitcoin wallet that you protect, interms of price just lets wait for the perfect timing to do our investment.
full member
Activity: 406
Merit: 100
February 01, 2018, 11:57:14 AM
Don't believe everything that negative people spread on the internet. Bitcoin is safest being hold than withdraw now. Consider it a long term investment. Don't check your wallet every hour
full member
Activity: 387
Merit: 106
February 01, 2018, 11:54:35 AM
I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. Roll Eyes Roll Eyes

Oh Dear, please, please read around the forum before posting such stupidity. What do you mean network system attacked? Do you have any idea what you are talking about? Maybe what you heard about people losing their bitcoin is (1) they put their funds on a exchanges, so when a hacked happened on that exchange, your money is gone, (2) you didn't protect your wallet, - password is not strong, or you give your private key to someone untrusted. Fluctuations is part of the nature of bitcoin, If you don't know how to handle fluctuations, you shouldn't be in bitcoin investment. Bitcoin price is based on supply and demand, so its another factor that you need to understand before talking about fluctuations, volatility and unstable price.

Yeah, that guy has close of no idea of what he's talking about, he is just mimicking what he has read around and assembling the concepts in a semi-random way.
legendary
Activity: 1008
Merit: 1010
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February 01, 2018, 11:48:07 AM
I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. Roll Eyes Roll Eyes

Indeed, the value of bitcoin is unstable, and the price is determined by the market. Bitcoin is very safe if you can keep your private key and no one can steal bitcoin from your wallet.

You have to be very stupid to have your private keys stolen. Bitcoins are much safer than gold or fiat.

Even if bitcoin's price falls down, you don't lose any bitcoins, you only lose value of USD. So you can just wait, if you have time, till price will rise again to sell them to get profit.
legendary
Activity: 1512
Merit: 1000
February 01, 2018, 11:44:56 AM
I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. Roll Eyes Roll Eyes

Wow! What an enlightening, wise and still surprising post :/. Is it volatile? Really? Perhaps this is a new thing for you mate, but that's why you can make some good gains in a relative short time period by trading BTC.

"or the ability the network system attacked, you lost all bitcoin in the second."
You obviously have little knowledge about the topic you trying to talk about Smiley.

"because the possibility being hacked is so high,"
FYI there are thousand times more credit cards being "hacked" every day then BTC wallets. Also you can decrease your chances to be hacked by a large percentage by using some basic IT security practices.

Any other bright observations Smiley?

newbie
Activity: 69
Merit: 0
February 01, 2018, 11:40:35 AM
so if you download the wallet there is an hacking possibility??  Huh
newbie
Activity: 68
Merit: 0
February 01, 2018, 11:39:40 AM
Yes I know that the bitcoin saving is so very risky. Anybodies no hacked your account when you take of carefull use your account.
sr. member
Activity: 714
Merit: 250
February 01, 2018, 11:30:03 AM
I don't think so that bitcoin saving is not safe.
Security of bitcoin is full proof no one can claim security of bitcoin and that is the major reason that people from the world are investing their huge money. So don't think negatively about bitcoin security. Your investment in bitcoin will always be safe.
It is not good to think negative about bitcoin. Thinking negatively about it could not help you to adopt the changes and it could not lead you to become successful in this crypto world. Bitcoin is safe the more important is your holding or saving the private details to avoid scam or hack by others. All investment is risks just be cautious and choose wisely on saving it.
member
Activity: 182
Merit: 10
February 01, 2018, 11:29:30 AM
I don't believe in bitcoin being hacked. I see bitcoin as a long term investment so for me is very safe to hold it. It is a strong cryptocurrency
member
Activity: 98
Merit: 10
February 01, 2018, 11:28:28 AM
I don't get you. Why bother going here in this forum if you don't have any faith in the very foundation of cryptocurrency. Of course it is possible for the wallets to be hacked, using or saving crypto is always involved on the internet. If you are saying about investment, it actually depends. I believe that other cryptocurrencies out there has more investment return at the moment.
newbie
Activity: 69
Merit: 0
February 01, 2018, 11:24:37 AM
what is bitcoin saving???
member
Activity: 234
Merit: 15
February 01, 2018, 11:24:09 AM
I think your way of thinking is too negative. Saving bitcoin or any other cryptocurrency for that matter is okay as long as you protect yourself from hackers and malwares. Looking at your choice of words, it seems like you don't trust crypto industry for that matter. Digital money is the new technology and we have to learn to accept and adapt in this change.
full member
Activity: 336
Merit: 121
February 01, 2018, 11:19:28 AM
I don't think so that bitcoin saving is not safe.
Security of bitcoin is full proof no one can claim security of bitcoin and that is the major reason that people from the world are investing their huge money. So don't think negatively about bitcoin security. Your investment in bitcoin will always be safe.
member
Activity: 602
Merit: 10
February 01, 2018, 11:17:22 AM
I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. Roll Eyes Roll Eyes

Indeed, the value of bitcoin is unstable, and the price is determined by the market. Bitcoin is very safe if you can keep your private key and no one can steal bitcoin from your wallet.
newbie
Activity: 219
Merit: 0
February 01, 2018, 11:13:09 AM
If I was, I would never let my bitcoin in my purse and wait for bitcoin to rise. I often bring bitcoin to invest in potential ICO projects or projects that I find to be profitable. I use bitcoin as a tool to invest rather than to bitcoin in the wallet.
member
Activity: 120
Merit: 14
February 01, 2018, 11:12:28 AM
Every investment you make is taking a big risk, whether it's a business investments, stocks, real state, and of course cyrptocurrency. In investment, you're not sure if the money you invested will grow or drop that's why it's a gamble because you're not sure of the future. And because of bitcoin's volatility, investing in it is very risky but if you're saying that it's prone to hackers, it depends on how you guard your wallets and private keys. Just be cautious of the websites your giving your address and always use your common sense, that why you won't get hacked.
member
Activity: 304
Merit: 10
February 01, 2018, 11:03:47 AM
I don't think so, because many people now investing in bitcoin and some of there bitcoin is in the wallet to saved it. Because more supermarket stores now is accepting bitcoin as payment. Afraid of hackers? Ofcourse! the best things to do now is to secured your bitcoin in your account
hero member
Activity: 1274
Merit: 513
February 01, 2018, 03:02:08 AM
Saving bitcoin is worth it because you can make more profit in the future.  Because they have many hackers now in the online so you need to secure your accounts to them.  Because once hacker gets your account for sure you lose your bitcoin.  You need to save your bitcoin to the wallet have 2FA incase other people wants to open your account you will be aware or warn and you will stop them trying open your bitcoin wallet.  Don't clink shortern link that gives to you because maybe it gets only informatio about your account.
member
Activity: 100
Merit: 15
February 01, 2018, 02:53:32 AM
I also think Bitcoin savings is unsafe, because hackers can invade your wallet, and lost bitcoin you will not be able to get it back.
You're right, my wallet has been hacked, the key is no place to get it back.
full member
Activity: 630
Merit: 102
January 31, 2018, 11:21:53 PM
If we keep a bitcoin or coin in our personal wallet for me, it's very safe to store bitcoin in my personal wallet to hold and sell bitcoins at higher prices to get more profit, but the security of our wallet depends on our own desires. My private key can not be accessed by anyone, except myself.
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