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Topic: Can we make sure that our money we invest in Bitcoin is safe? - page 15. (Read 4187 times)

newbie
Activity: 23
Merit: 0
Not 100% sure. As you've said, there are a lot of hackers all over the world. But you can minimize the risk of getting hacked as long as you know how to safekeep your digital assets. It's safe when you put it in a trusted Bitcoin wallet that has private keys. Make sure your private keys are in safe place.
member
Activity: 308
Merit: 10
Learn the background you are investing for. Look for information that can be helpful and also make wise decisions in investing. There will always be a risk along the way.
sr. member
Activity: 882
Merit: 260
On the other hand, if you fear hackers, that should always be considered since cryptocurrency deals are so heavily inclined to the use of the internet, therefore, you should really protect your holdings at all cost.
Well we can make sure that our money we invest in bitcoin is safe when we used a legit and trusted wallet and for the long time i am investing and holding my bitcoin, it is very safe and it is not just safe it is also very profitable to invest in bitcoin.
full member
Activity: 854
Merit: 100
You must learn how to crawl before you walk and then run. It applies in almost all stages of life and also in investment. You need to study the environment of your investment before you start. Through thorough reading and research, you will unveil good methods which will suit you in keeping you bitcoin safe. I did search well and I had to grab myself a hardware wallet. Maybe you need to do so too if you really want to safeguard your investment.
newbie
Activity: 92
Merit: 0
By investing money in bitcoin, you are responsible for them. Everything is completely up to you, if you take the right measures to protect your bitcoins, you will not be stolen by anyone.
member
Activity: 530
Merit: 10
Revolutionizing Crypto Payment Solutions
Before investing your money in any product first, you need to learn how to protect that investment. The hardware and paper wallets are the safest, you can trust the 2FA system if you keep your Bitcoin in the wallet online because every investment has a risk high but has a high profit
hero member
Activity: 756
Merit: 520
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.
They usually secure their Bitcoin Wallet in paper wallet or nano ledger.
I think the two wallets are very hard to hack.
member
Activity: 238
Merit: 10
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.
Bitcoin is existing for a long time already, so you can be sure that your investment is secured, your money would not be lost at the main point in investing of Bitcoin is, that you never would know if your money be the same amount if you will sell Bitcoin again, lol
hero member
Activity: 1190
Merit: 511
I think the real question here is, is any money you put anywhere "safe"? The USD is only valuable because of the faith that everyone puts in it. The same with stocks, bonds, gold, and soybeans. Tomorrow everyone could decide that all all-soy diet will change their life and make them lose weight and soybeans could end up becoming very valuable because people believe other people will buy those soybeans in the future. You have to remember the bitcoin is deflationary and a fixed supply and dollars are not fixed. It is also possible to hedge your bitcoin bets with futures contracts or by shorting at the right times, setting stop-losses, etc.
There is no assurance, as this takes risk but we all know that bitcoin has been existing for nine years so this means that bitcoin has a strong foundation of blockchain and it cannot easily be  destroyed and when it comes to safety, I never doubt it.
full member
Activity: 266
Merit: 101
I think the real question here is, is any money you put anywhere "safe"? The USD is only valuable because of the faith that everyone puts in it. The same with stocks, bonds, gold, and soybeans. Tomorrow everyone could decide that all all-soy diet will change their life and make them lose weight and soybeans could end up becoming very valuable because people believe other people will buy those soybeans in the future. You have to remember the bitcoin is deflationary and a fixed supply and dollars are not fixed. It is also possible to hedge your bitcoin bets with futures contracts or by shorting at the right times, setting stop-losses, etc.
newbie
Activity: 51
Merit: 0
people before investing their money would want to know in advance what the background of the product would be invested, and of course they continue to study the investment product first, then they invest their money after knowing that the product is safe to invest, any investment must be at risk , but bitcoin is very promising and really safe because it looks expensive, but bitcoin also lowers prices, but it's just a matter of time, and bitcoin prices can definitely rise again in the next few months, I'm sure bitcoin is a safe investment path.
newbie
Activity: 103
Merit: 0
In everything there is always advantage and disadvantage but we can try to avoid having the disadvantages,in this case we have to be careful while doing our investments which ensuring we keep our details safe which is our private keys and password.Also we have wallets in which we can key use like the offline paper wallet its reliable



I think wallet hardware very nice, they really comfortable and easy to use, but there are still some bugs in it dangerous if you have a lot of bitcoin. you can protect themselves from hackers. bitcoin forcing you to responsible for the security of your money and this is a big advantage if you know what you do. if you have a lot of money in crypto then you should consider to buy a laptop separate will not have access to the Internet. you can save your private key on the computer that will force you to sign a transaction in it. this safest option at this time.
copper member
Activity: 490
Merit: 2
It depends to you how to protect your bitcoin from them. Because for me my bitcoin is safe because I have a lot of protection my bitcoin wallet that I use. I suggest don't click suppicious link because maybe you did not know after clicking the hacker get's information to open your account .

True. Do not trust everything you read in advertisements , especially , online advertisements. You never know what software it is linked to and how can it affect your security of cryptocurrency accounts and wallets.
newbie
Activity: 30
Merit: 0
Yes. Just keep your private key and your password safe and your money would be safe.
member
Activity: 253
Merit: 10
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.
yes theycan be sure that bitcoin is safe if they stored their btc in a safe and secured wallet so choose a wallet that you think might fit for your coins
member
Activity: 293
Merit: 12
Yes it is actually safe , as long as you dont give away your PK or password or etc . Some do offer uh 2FA which makes hacking wallet / account much more harder . But if you do really want to secure your funds like 1000% then get yourself a hardware wallet Smiley Trezor and/or ledger wallet . You are the only one who could get access to it since your Bitcoins are stored offline or on the USB STICK like thingy . Dont lose your code to it tho for even the manufacturer couldnt recover it back to you .
full member
Activity: 358
Merit: 118
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.

If you are taking about safe about bitcoin, its based upon, what wallet you're choosing. I am using coinbase wallet, which is really safe and secure. If you are using other wallets do not prove your private key any of other scam website links or any other fake application. Unless and until you reveal private key. Your money will safe.
full member
Activity: 532
Merit: 100
Of course you can absolutely, because that was the first thing you need to do to make sure your investment safe. Well,  I don't know very well actually but for me personally I would like to learn what exchange that I want to choose for my investment.
hero member
Activity: 2646
Merit: 686
I think your concern is with the exchanges you're wary that they'll run away with your money or simply invest and not pay you. Bitcoins and it's exchanges are two different things so I don't think you should get confused by both. I would advise you to read and get more information, also use electrum for storing and withdrawn its safest and best.
newbie
Activity: 26
Merit: 0
Backup all your wallets on your device's offline hardware
Use wallet encryption - third-party encryption software like DiskCrypt or BestCrypt is the ideal choice.
Upgrade online wallet software
Use in-cold storage - encrypt wallet files and place them on offline devices.
Consider a Bitcoin paper bag and store it in a safe. Smiley
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