Topic: Bitcoin saving is not safe - page 7. (Read 887 times)
We are known that the bitcoin crytocurrencies is very risky because this is number one big value in crypto and this is very popular thats why we need to be carefull or need to keep your private key and dont lose your password this very important.dont log to your wallet online when you in public online place this is a very dangerous it will get your account information or they hack your wallet account.
Base on volatile of btc yes it's risky but there's a way to avoid risky things or for good in your money like if you have 100 btc already then i think you need to convert 50 btc to fiat so even your save some money here still you already have money and it's like also an investing here if you save some here actually even it's so volatile here still the chance for profit in that situation is really high.
Its the way you save might not be safe, not the bitcoin itself. If you use and paper wallet and lose it without backup or if the exchange folds or got hacked where you have stored your btc, those are some of the scenarios where it is not safe. Not the bitcoin by itself.
Your btc being hacked is near to impossible. I agree with the fluctuation of the price. Fluctuation is normal in the market it makes profits anyway for the traders.
Without price fluctuation there will be a shorted of supply of btc because everyone will hold it.
Right! I think if it will happen maybe earlier. Bitcoin was excessing for i think 6 to 7 years and I don't hear any report about hacking. Hope so it will not happen. Best thing to do is ti secured your account. Without price fluctuation there will be a shorted of supply of btc because everyone will hold it.
Your right. Well, for me you need to take risks inorder for you to earn money on your btc. Well, aside from saving it, you can cash it out and buy porperties and save again. Then, its not risky on your side whatever happens because you already invested something precious on it.
I think bitcoin saving is not dangerous.Again it is not fully safe too.But Bitcoin is the first digital currency which will helps us to become rich.So we should be aware of investingand saving bitcoin.
I think the safety of your bitcoin in your wallet is depends on your side since you hold youre key and there are several offline wallet you can use to store your bitcoin. This investment is just like the investment outside the bitcoin world no one is secure with your investment but bitcoin is one of the best to invest your money.I think bitcoin saving is not dangerous.Again it is not fully safe too.But Bitcoin is the first digital currency which will helps us to become rich.So we should be aware of investingand saving bitcoin.
I think the safety of your bitcoin in your wallet is depends on your side since you hold youre key and there are several offline wallet you can use to store your bitcoin. This investment is just like the investment outside the bitcoin world no one is secure with your investment but bitcoin is one of the best to invest your money.
I think bitcoin saving is not dangerous.Again it is not fully safe too.But Bitcoin is the first digital currency which will helps us to become rich.So we should be aware of investingand saving bitcoin.
You're right, sometimes bitcoin saving is not that safe though. I heard this guy invests his life savings which was loaned from his business and he invested it on bitconnect. And last time we heard that its lending was shutdown right? And his life savings turned into dust for nothing. I don't know what happened next.
Although this is investing, all of your investments could lead to betterment or worst things.
Although this is investing, all of your investments could lead to betterment or worst things.
Btc is wallet is highly secured. Accept you give out your private key to untrusted person, accept your key is not strong and need stronger key, secondly fluctuating of price of btc is sweetest part and that is nature. It simply means demand and supply needed in market that make it unstable. Invest on bitcoin and make real cash.
Your btc being hacked is near to impossible. I agree with the fluctuation of the price. Fluctuation is normal in the market it makes profits anyway for the traders.
Without price fluctuation there will be a shorted of supply of btc because everyone will hold it.
I do not think it will not be hacked, the tech world is growing, and more and more hackers are coming and maybe one day you will be attacked and rob your Bitcoin number.Without price fluctuation there will be a shorted of supply of btc because everyone will hold it.
Most of the people hold the bitcoin for the future invest. It will change any time to process and get more information. Bitcoin is day by day. So you will check the bitcoin prices every day. This information is help to for the plan to save for the business investment. People will be know the process. So people hold the coin. People will be wait for the prices increas then it will be sell.
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. 
If you invest in a hardware wallet it's quite secure. Also with the high rate of fluctuations you get higher profits which is not that certain with other investments. You can make a proper decision for buying and selling as the price volatility is in small bars not a major one. 
The main reason it's not safe is that no one knows its future. It could be the next Alta Vista. And I'm definitely not a FUD type, as btc has made me quite a bit of profit. But to step back and look at it risk wise, if it were a choice between putting x,, in btc vs. x,, in gold bars in my safety deposit box, I choose gold. That said, I do hold both, but understand that my btc holds are far more risky.
Although no one know about the future and about the price of bitcoin that what will happen to it in future but still if we study about bitcoin i think still most of the investors and even the experts are too much confident about bitcoin price and its future because in future people are expecting that crypto currency will take the place of fiat currency and that is the reason we can expect that bitcoin will be more safe and reliable investment for future.
If you buy yourself a hardware wallet no hacker will steal your bitcoins. However, Bitcoin still is not safe because the price can go very low now and then. And stay there, for a long time.
Your btc being hacked is near to impossible. I agree with the fluctuation of the price. Fluctuation is normal in the market it makes profits anyway for the traders.
Without price fluctuation there will be a shorted of supply of btc because everyone will hold it.
I do not think it will not be hacked, the tech world is growing, and more and more hackers are coming and maybe one day you will be attacked and rob your Bitcoin number. Without price fluctuation there will be a shorted of supply of btc because everyone will hold it.
There is no doubt that BTC is very risky asset/currency,especially for new users who do not know some basic things.So before buying BTC every user should take some time and be well informed before taking any action.Beginner's mistakes such as downloading fake wallets,using phishing sites,exposure of private keys/seed or send BTC to wrong address are everyday occurrences.
On the other side there is always risk of losing money due to volatility in BTC price in short or in long term.But this is risk every individual must take over when investing in BTC,its future is uncertain although for most it looks promising.
From the security aspect if user take all necessary steps to secure BTC it can be almost 100% sure in this regard.Risk of price go down&losing value can not be eliminated,a person who does not want to take that risk should invest in something less risky.
On the other side there is always risk of losing money due to volatility in BTC price in short or in long term.But this is risk every individual must take over when investing in BTC,its future is uncertain although for most it looks promising.
From the security aspect if user take all necessary steps to secure BTC it can be almost 100% sure in this regard.Risk of price go down&losing value can not be eliminated,a person who does not want to take that risk should invest in something less risky.
The main reason it's not safe is that no one knows its future. It could be the next Alta Vista. And I'm definitely not a FUD type, as btc has made me quite a bit of profit. But to step back and look at it risk wise, if it were a choice between putting x,, in btc vs. x,, in gold bars in my safety deposit box, I choose gold. That said, I do hold both, but understand that my btc holds are far more risky.
all investment has the risk of failure same thing with bitcoin but why people keeps on trusting bitcoin despite of too many fluctuations its because even if its true that bitcoin is not safe still the fact that it can give a return on investment as high as 300% in a matter of one year is something worth taking risk for. People has their freewill they can choose to invest on a safe thing but with a small return or go with bitcoin, risky but feels like winning a jackpot when it pumps
Bitcoin system itself is safe, the problem is the user of that accounts, they are using passwords that are easily be hacked, easily to guess, it is impossible for bitcoin to get hacked because of its security features, be careful when you are connected to a public wifi because it is highly prone to hackers because of its vulnerability and unprotected domain, it is unsafe to open apps or program like bank account or online banking as well as your bitcoin wallet password if you are connected to a public wifi.
I think op is right with his statement. There are more risks with bitcoin, or with crypto currencies in general than with most other investment options.
But that is not why people join bitcoin.
We are all here because of the big possibilities bitcoin offers. Ond those possibilities do more than just compensate the risks.
Besides, some of the risks can be minimized by working carefully.
But that is not why people join bitcoin.
We are all here because of the big possibilities bitcoin offers. Ond those possibilities do more than just compensate the risks.
Besides, some of the risks can be minimized by working carefully.
Volatility is a common thing in the worlds cryptocurrency world.
Of course, bitcoin investments have risks. However, understand that investing in risky business is indispensable. The higher the risk, the higher the profit. I'm sure investing bitcoin, can you rich quickly.
Of course, bitcoin investments have risks. However, understand that investing in risky business is indispensable. The higher the risk, the higher the profit. I'm sure investing bitcoin, can you rich quickly.
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