Can we make sure that our money we invest in Bitcoin is safe? - page 49.

Periodik

sr. member

Activity: 1022

Merit: 256

Quote from: kauban2018 on April 22, 2018, 03:33:23 AM

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.

There are hackers but there are also certain measures to avoid them. Right now, the most popular feature to make sure your personal wallet are kept safe from being accessed by other people is the 2FA. You need to activate them in all your wallets. If your investment is considered really big, do not choose online wallets or soft wallets. Spend a little amount to buy a hard wallet. That is safer than online versions.

bmirror83

newbie

Activity: 100

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It would not be smart to put all the investment into one platform. It's better to use different platform and wallets. Not to keep all the bitcoin in the one place, maybe can solve the security issue.

MudahDanHemat

newbie

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There is no certainty that it will be safe. So we must take precautions to avoid hackers. If you have more money use hardware wallet . If not, then there are basic things we should do like using 2 factor authentication or google authehticator.

alvinmtp

hero member

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first and foremost before you invest on anything you need to learn the most important things from it. yes you may now know that will earn on bitcoin or in any other digital currency but how can you make it safe from those hackers. what you need to do is make sure your laptop or pc you are using is safe specially when you save your private keys on where you will logon. and also the website you will log on to make sure it has the correct url because there are a lot of phishing sites out there, and also what i recommend to you is to buy wallet called cold storage like ledger nanno to be more secured and safe from any hackers. make sure buy cold storage from legit sellers for you to be safe from phising. just always remember be cautious in every action you do in terms of digital currency.

malbano2099

newbie

Activity: 84

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It is our obligation to pick a Company that you think won't delude you once you contribute. Check the organization's address if legitimate, Check the group behind the organization whether they are genuine and have the right stuff to accomplish their objectives. For us to guarantee that our cash is protected when we contribute, we should be more cautious in the organization yet at the same time If we take in the learning expected to begin a speculation with bitcoin and how to guard bitcoin on our wallet we could ensure the wellbeing of our venture in view of what we know and what we have to do with the end goal for us to gain later on. It is constantly subject to our turn and our decision in the event that we will gain and to be fruitful on the decision we do. So the appropriate response dependably depends on our exertion on influencing the most to out of our interest in bitcoin.

rowan.thomas

newbie

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You cannot trust anyone in the world but you can trust the technology used in Bitcoin for safety of transactions, they use block chain technology.

Abete

member

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I guess in bitcoin, they already have long-term thinking for wallet security in every btc owner. because that's the main factor that makes bitcoin survive until now. there may be some cases of hackers asking for bitcoins, but instead of taking bitcoins from people's wallets.

m.mendoza

full member

Activity: 321

Merit: 100

Quote from: jpaul on April 22, 2018, 04:22:34 AM

The easiest and free method that I know of is just create a separate OS for storing your Bitcoins and don't use that OS for anything other than sending and receiving bitcoins. The only problem this will have is that you will have to dual boot your PC but I don't think thats too much of an hassle as this would mean that your Bitcoins are in a safe environment.

We can secure it by our own sake. bitcoin is a good place to invest and safe. but if anyone loses it's one of his own person who is less careful with the account in use. For us to ensure that our money is safe when we invest, we need to be more careful in the company

Arkham Knight

full member

Activity: 532

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Quote from: kauban2018 on April 22, 2018, 03:33:23 AM

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.

Hardware wallets, my friend. And hackers can only succeed if we are very irresponsible on handling our accounts. I'm in crypto more than a year now but I never experience it because I know all the possible ways they can do to hack me.

dragon 88

jr. member

Activity: 72

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That depends on what you do. Against hackers you need to learn how to protect yourself on the Internet.

naily

member

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Merit: 10

It is our responsibility to choose a Company that you think will not deceive you once you invest. Check the company's address if valid, Check the team behind the company whether they are real and have the skills to achieve their goals. For us to ensure that our money is safe when we invest, we need to be more careful in the company

Denker

legendary

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Quote from: anam17 on June 04, 2018, 12:01:50 PM

I think Btc is safe but we all know that we cannot avoid the hackers because we don't know if they attack. the best we can do is a extra careful for everything we so like in transaction and etc.

Well in terms of storing your BTC safely, you have to do some research, and be kind of tech savvy in the past. Nowadays it is much easier to store your coins using all these different types of hardware wallets for instance. But OP was more referring to if Bitcoin is a safe investment or not.
And compared to all the other coins out there, I would say that Bitcoin is definitely the safest option. But no one knows what's going to happen in the future. It could be replaced by something else, although this is not that much likely imo.

quocsi

full member

Activity: 360

Merit: 100

I am a small investor with bitcoin. And I pay special attention to this. To protect my wallet from hackers, I use a secure wallet. After the transaction ends, I usually convert it into money and transfer it to my bank account for safe

anam17

newbie

Activity: 168

Merit: 0

I think Btc is safe but we all know that we cannot avoid the hackers because we don't know if they attack. the best we can do is a extra careful for everything we so like in transaction and etc.

van jones2594

newbie

Activity: 115

Merit: 0

Yes of course it can be because only we are holding it is not tied to anyone and easy to access and that is why i am very love with this bitcoin very useful once Wink

shahin_ameen

newbie

Activity: 23

Merit: 2

I think this kind of security depends on your activity and your choice.
because if you choose a good wallet or a hardware one then it's more secure. and you need to be careful when you are using your BTC on any site. like exchange website ETC..

monarchy

newbie

Activity: 75

Merit: 0

Maybe they use a second password to strengthen their money because I think the second password is helpful to prevent hacking their money so if you want to secure your money may be the second best password in my opinion

UchihaRukawa

full member

Activity: 364

Merit: 100

Quote from: kauban2018 on April 22, 2018, 03:33:23 AM

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 talking about security.yes it is safe.but you have to arm your self with knowledge against possible hacker.but regarding safe as investment profit? Bitcoint is volatile and risky there is no guarantee you can get it back at earliest Time..

jovs

sr. member

Activity: 672

Merit: 250

If we learn the knowledge needed to start an investment with bitcoin and how to keep bitcoin safe on our wallet we could make sure the safety of our investment based on what we know and what we need to do in order for us to earn in the future. It is always dependent on our move and our choice if we are going to earn and to be successful on the choice we choose to do. So the answer always relies on our effort on making the most out of our investment in bitcoin.

xandiel01

jr. member

Activity: 161

Merit: 4

This is the first question that comes on my mind too, especially that we all know bitcoin is not easy to earn, we need time and effort on posting and answering some questions here, giving time too, and after we earn bitcoin we want to store it in a safety wallet.

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