Can we make sure that our money we invest in Bitcoin is safe? - page 58.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Quote from: Genamant on May 27, 2018, 07:50:02 PM

Quote from: kauban2018 on April 22, 2018, 04:33:23 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.

First things first, nothing is 100% secure in this world. Now, for the bitcoin part, i think you need to do extra measures to protect your btc, may it be using a hardware wallet, putting 2fa on your wallets and the likes.

As mentioned everywhere there is some sort of issue. Similar way bitcoin too has got some flaws which makes it more risky than many other investments. In specific bitcoin is all about the trust, and we can make it secure with the better security options available. Even after that we cannot assure it is perfectly safe. Another thing found much is the scam investment schemes that easily make the people get trapped scamming the amount.

Genamant

full member

Activity: 730

Merit: 102

Trphy.io

Quote from: kauban2018 on April 22, 2018, 04:33:23 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.

First things first, nothing is 100% secure in this world. Now, for the bitcoin part, i think you need to do extra measures to protect your btc, may it be using a hardware wallet, putting 2fa on your wallets and the likes.

ngoan

newbie

Activity: 10

Merit: 0

To secure your own account people need to find out how to stay safe, choose complex password, google 2 fa, sms on phone

danggoron

full member

Activity: 560

Merit: 102

Quote from: Virtual miner on May 27, 2018, 09:00:14 AM

Some things that you can to do avoid being hacked
1. Before you open up an account on exchanges, set up a unique email that you are going to use for that account.
2. Make sure to set a really hard and long password, and you are the only one to access it from a piece of paper that you control
3. Turn off SMS-based two-factor authentication and account recovery for your email account.
4. Don't keep all your cryptocurrency investments in one place. Diversify among exchanges. It's unlikely you are going to get hacked at the same time through all of them. Especially, if you have different emails and passwords for each.

So this is actually a technical issue. This is how we maintain the security of the wallet where we store assets. The tips you give are very useful. Hopefully, we can avoid hacking. The safer way is to use wallet hardware.

kalstarzz

full member

Activity: 770

Merit: 100

Quote from: kauban2018 on April 22, 2018, 04:33:23 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.

it all depends on the carefulness of each user, if you coat your asset security will all be fine.
such as making sure your device is protected from viruses, using google authetycator, and not connecting to wifi networks. if care is done in all will be safe.

Limar0

newbie

Activity: 154

Merit: 0

Scamming,cheating,faking or any other illegal deeds are always there in an online businesses.In terms of safekeeping,as for me I think the money I've invested for bitcoin is safe.I'm currently using coins.ph wallet for my bitcoin and ethereum coins and so far it's good.The only thing unsure is whether we earn less or loss more or the opposite.

apolonio

full member

Activity: 224

Merit: 100

Quote from: kauban2018 on April 22, 2018, 04:33:23 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.

Your investments in bitcoin is secure if you bought bitcoin directly in the market and trusted sites where you can buy bitcoin. Dont make buy bitcoin with other person for now dont trust anyone with your own money.

Wahyu aep

newbie

Activity: 149

Merit: 0

to ensure that our money is safe when we invest bitcoin, I suggest that before investing bitcoin, you should first learn about bitcoin, as well as its function and usefulness as well as the advantages of bitcoin investing. then learn how to save our money safely when investing bitcoin and no one else can take it

mriansa

full member

Activity: 560

Merit: 105

I think it depends on how you store the bitcoin you have if you store the bitcoin you have in the safest place then I believe the bitcoin you save will be safe, to be more secure keep the bitcoin you own directly in blockchain.com.

alroys

jr. member

Activity: 448

Merit: 1

In my opinion, no one can guarantee the security of our money that we invest in this bitcoin, because anything can happen, we can also lose our money here. In anticipation, we must be careful in storing and securing our accounts from hackers. do not let us give our private key to others, and do not we keep our private key in the online media, so that others can not access it.

yoseph

sr. member

Activity: 868

Merit: 266

Quote from: vaughn125 on May 26, 2018, 06:16:31 PM

Quote from: kauban2018 on April 22, 2018, 04:33:23 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.

Look man, in this industry, you will never be a hundred percent safe from hackers or scammers because as security gets stronger, they also try harder to steal from people. Meaning, they evolve together with the technology. The only thing you can do is to make it hard for them to do what they want by doing your own research on how to protect your funds. And of course, do kot invest more than what you cam afford to lose just in case you get hacked.

OP needs to be 100% vigilant and very cautious at all times, even the exchanges with the great securities are always seemingly being hacked how much more a single investor. But nonetheless make sure that you don't use public computers when using your wallet because people install keyloggers and other spyware on them.

Gdra467

newbie

Activity: 137

Merit: 0

The people behind bitcoin are all of us in the bitcoin blockchain thingy. And we are responsible for our accounts personally(each for himself). Choose a good wallet, don't expose your private keys/personal files or passwords to the public and you'll remain protected. Also do not leave your bitcoin in exchanges except when you're trading at that moment.

popoyuyun

newbie

Activity: 152

Merit: 0

Quote from: kauban2018 on April 22, 2018, 04:33:23 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.

The money you invest in bitcoin will be safe as long as you do not lose the bitcoin. Because if you have lost bitcoin, you better sincerely to the missing bitcoin.

javainn

full member

Activity: 733

Merit: 100

although investing in bitcoin is risky but we can be sure if it does not make us doubt and worry to invest in bitcoin. a lot of people experience investing in bitcoin and they feel very safe and comfortable, so I think this is not a problem and fear.

pallang

full member

Activity: 518

Merit: 100

Investing in bitcoin is a risk so before you invest make a decision be sure to check first the project if it is good know more about it and do some research to avoid lose of your money.

joebrook

sr. member

Activity: 644

Merit: 259

CryptoTalk.Org - Get Paid for every Post!

Make sure you have the maximum security available for your wallet so that in the unlikely even where someone gets access to it, they will not be able to even send out the Bitcoins in the first place. Always use 2FA verification.

cyberkuto

newbie

Activity: 168

Merit: 0

Quote from: kauban2018 on April 22, 2018, 04:33:23 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.

Well, for you to protect it, if you are using a desktop or a laptop, but an Antivirus to protect your Pc, do not download to any untrusted sites because if you do, your computer would be a lot of virus. Do not share password and just answer some fishing bait on the net.

JimmieA

sr. member

Activity: 396

Merit: 250

Quote from: kauban2018 on April 22, 2018, 04:33:23 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.

No one can be sure that this does not happen, but you should be careful so that bad things will not go away. For example, for the money you are putting on exchanges you should install the security closely, or if you do not intend to invest you should save your money in the wallet along with the security. Especially to make sure you can use the hardware wallet.

Virtual miner

sr. member

Activity: 728

Merit: 275

Some things that you can to do avoid being hacked
1. Before you open up an account on exchanges, set up a unique email that you are going to use for that account.
2. Make sure to set a really hard and long password, and you are the only one to access it from a piece of paper that you control
3. Turn off SMS-based two-factor authentication and account recovery for your email account.
4. Don't keep all your cryptocurrency investments in one place. Diversify among exchanges. It's unlikely you are going to get hacked at the same time through all of them. Especially, if you have different emails and passwords for each.

costanos02

jr. member

Activity: 518

Merit: 6

This is no guarentee that the money you invest is safe in cryptocurrency, crypto world is full of risk, in order to compete it you must be a risk taker, and learn to accept whatever the outcome of your decission.

Topic: Can we make sure that our money we invest in Bitcoin is safe? - page 58. (Read 4187 times)