As an investment, any type of risk, no investment without risk, you should think carefully before investing in bitcon, depending on your thoughts.
Topic: Can we make sure that our money we invest in Bitcoin is safe? (Read 4187 times)
I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
You can see that bitcoin is very secure, all transactions are absolute anonymous transactions, so we can completely secure transactions without worrying about loss of personal information. You can see that bitcoin is being recognized by many countries around the world for legal circulation. The market is showing signs of strong recovery in recent days and bitcoin prices are still up. So you can rest assured when investing in bitcoin. I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
True, the currency of the crypto currency meets International Security standards through the following stages:
1.Storage '' deep freeze '' This is a multi-signature wallet.
2.Hot wallet, multi signature custodian.
3.Password (make sure to use a strong password when registering).
4.2 factor bias (2FA) to provide additional security.
5. company security principle.
6.Personal information by including such as ID number, name and scan of identity documents.
I think the security is already difficult for hackers to penetrate and possibly very secure.
In my own opinion we cannot make sure that our money we invest in bitcoin is safe because many of all site are scam and doesn't have assurance to earn so be careful to all investment before you invest just do a research and proof of payouts and assure that the site is legit. "Invest what you can afford to lose.
I don't think you can ever expect to make sure that your money is safe when investing in an instrument like Bitcoin! Bitcoin is a cryptocurrency and is highly volatile as a result the money that you put will increase or decrease quite rapidly. As a result, if you are into short term investing then it is extremely risky! But for a long term investment strategy putting your money in Bitcoin is excellent in my opinion. However, to come back to your question the best bet to be safe if you are investing is when putting money in government bonds, they are super safe but the return is very low. Hope this helps!
You can make sure that your investment is safe in terms of cryptocurrency if you will follow the recommendation for investing in cryptocurrency like having a strong password which consists of capital and small letters, special characters and also numbers and also having a back up of your wallet file and recovery phrase.
Safe from hackers, or safe for your investment. I would like to look into your question in two different ways.
The first one, store your btc and keep it in a wallet in a computer which you are not used to go online, that will be the safest way, the money you invest will be protected and you could carry it around with you. Unlike other currency, like gold or money, with BTC, it only requires a space in your bag for a small USB or something like that. Keep it carefully and you are fine.
For the second one, I don't think it safe, there are too much change in price, the gap between each time is pretty huge, you might lost about 2/3 of your assets to a period.
The first one, store your btc and keep it in a wallet in a computer which you are not used to go online, that will be the safest way, the money you invest will be protected and you could carry it around with you. Unlike other currency, like gold or money, with BTC, it only requires a space in your bag for a small USB or something like that. Keep it carefully and you are fine.
For the second one, I don't think it safe, there are too much change in price, the gap between each time is pretty huge, you might lost about 2/3 of your assets to a period.
I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
Aside from hackers, I can say investing bitcoins are totally risky, Price fluctuations in bitcoin spot rate in bitcoin exchanges is driven by many factors, Volatility is measured in traditional markets by the volatilty index. Volatility in bitcoin does not yet have a generally accepted index since cryptocurrency as an asset class is still in nascent stages, Another is the " Volatility is the rate of adoption is hampered by bad press".I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
Certainly safe to invest in bitcoin than bank you invest your money sometimes happen bankruptcy bank money you can not get me back it's ok for me to invest in bitcoin bigger will come back to you.
I think before doing anything investment you have to understand the project very well, asking questions, know whether what they are going to used your money is something worth investing on. Then do calculation on your turn of your investment. But talking about investing money on bitcoin, I think the risk involve is only 2% because of the challenge or drop of price... Bitcoin will surely goes back to normal and your bitcoin is secure in your wallet. So there is not fear in doing such investment.
I am very sad if it is now a lot of their bitcoin dropper is something that is feared by all the bitcoin users that now let alone they will take the bitcoin that has become the property of others and I think to overcome it I have to anticipate by installing how things will be can not be cracked by anyone.
Hope you are doing well with your security. I think most hackers will never crack your BTC wallet if you do not share the information for them. I left BTC in the wallet on the Bittrex exchange, and it was a safe place to hold the BTCI am very sad if it is now a lot of their bitcoin dropper is something that is feared by all the bitcoin users that now let alone they will take the bitcoin that has become the property of others and I think to overcome it I have to anticipate by installing how things will be can not be cracked by anyone.
Hope you are doing well with your security. I think most hackers will never crack your BTC wallet if you do not share the information for them. I left BTC in the wallet on the Bittrex exchange, and it was a safe place to hold the BTC
As for me personally it is simple to understand. When you give your money any bank in your country you are not shure that they are safe. The same thing is with investing into Bitcoin, but was one thing, you can return your money in every moment you want. Which banks are sedation very different. They have some rules and floors in their system.
You just need to dig deeper to make your Bitcoin storage more secure and no one can bother him.
I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
Well, how to keep your cryptocurrencies safe is up to you, you should learn how to do it. Bitcoin is a very safe instrument if used and kept in the right way, otherwise it's almost dangerous. I don't think you can ever expect to make sure that your money is safe when investing in an instrument like Bitcoin! Bitcoin is a cryptocurrency and is highly volatile as a result the money that you put will increase or decrease quite rapidly. As a result, if you are into short term investing then it is extremely risky! But for a long term investment strategy putting your money in Bitcoin is excellent in my opinion. However, to come back to your question the best bet to be safe if you are investing is when putting money in government bonds, they are super safe but the return is very low. Hope this helps!
You can make sure that your investment is safe in terms of cryptocurrency if you will follow the recommendation for investing in cryptocurrency like having a strong password which consists of capital and small letters, special characters and also numbers and also having a back up of your wallet file and recovery phrase.
This world is not perfect, so is bitcoin. Bitcoin security is not 100%, but we can anticipate it more carefully and carefully to use bitcoin. We should be responsible for securing the bitcoin system and more concerned with the system.
Yes we can assure that our money we invest on bitcoin is safe however we should be careful in our accounts username and passwords to keep it safe and secured that no one except you knows it, to be safe from the hackers.
I don't think you can ever expect to make sure that your money is safe when investing in an instrument like Bitcoin! Bitcoin is a cryptocurrency and is highly volatile as a result the money that you put will increase or decrease quite rapidly. As a result, if you are into short term investing then it is extremely risky! But for a long term investment strategy putting your money in Bitcoin is excellent in my opinion. However, to come back to your question the best bet to be safe if you are investing is when putting money in government bonds, they are super safe but the return is very low. Hope this helps!
Ofcourse it is. If it isn't safe, people will not invest on it.
Sorry before her, did you know about Bitcoin? Do you know about Blcokchain?
So, before you invest in Bitcoin I hope you learn first about the meaning of Bitcoin, Blockchain, Cryptocurrency and all about digital currencies.
So when you later when investing in Bitcoin not too blind knowledge of what happened, because Cryptocurrency can not be predicted as what we think.
So, before you invest in Bitcoin I hope you learn first about the meaning of Bitcoin, Blockchain, Cryptocurrency and all about digital currencies.
So when you later when investing in Bitcoin not too blind knowledge of what happened, because Cryptocurrency can not be predicted as what we think.
Jump to: