Topic: Even your fiat is not totally secure! (Read 539 times)
I agree with this. One of the things that fiat and cryptocurrency have in common is that both involves risk. How many times have we heard of a credit card fraud or even just a person screaming that their wallets has been missing? I think it all just depends on how smart you are at handling your money, whether it is fiat or crypto. If you are careful, then you will be fine, but if you are careless, then it is more likely that you will lose not just your hard earn fiat, but also your bitcoins and/or altcoins.
You're stating the obvious here, and there's no point even discussing this.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
Absolutely, there is no point of discussing this topic. Probably she/he should read more and more before dealing to this forum otherwise she/he talks nothing here. Everything or every investment is not secure from steal, but each has a standard security measurement including Crypto currency.In crypto, as long as the users keep the security private key, it will be safe and secure.
If bitcoin saying that is not secure but this is not most of the time we know those who are scammers even in fiat or in banks our money is not also secure sometimes some of banks here in my country we are experience glitch of our account in banks so it means sometimes the security will lose or it not function so dont afraid to invest in bitcoin make it sure that is not scam.
but at least if we save money in a particular bank or financial institution we are guaranteed a security for the money that we save up to a certain amount, so when bad things happen to our money we will get a replacement from the financial institution with the same amount
I think it does not happen all the time.There are instances that we may get lost our money not just of the thieves outside,but also of the people or the employees who are considered thieves inside the bank.In my country,a lot of the same cases had already happened because of the connaivance of the people inside whom we entrust our savings.
but at least if we save money in a particular bank or financial institution we are guaranteed a security for the money that we save up to a certain amount, so when bad things happen to our money we will get a replacement from the financial institution with the same amount
I keep on advising people that there is nothing like secured investment because every investment and business has it own challenges and crypto currency is not an exception to this fact, if you are thinking of security then you can never invest in any thing at alk. Because business has to do with risk taking that is why they said no risk no rewards, all investment ranging from gold, real estate and all others has risk involved even the banking system is a risk so in order to succeede you must be ready to take risk.
You're stating the obvious here, and there's no point even discussing this.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
I don't even know how the OP got a shred of merit. It is nothing original tbh. He is just stating what is currently continuously happening, although I suggest for the OP to revise the topic and discuss the security of crypto in some other ways rather than those obvious password character limits and such.
What the OP nay be talking about is the fact that we put so much trust in banks
that they can at any time decide not to give our money out when we want it.
Also credit card fraud is easier than crypto hacking.
The possibility of hacking Cryptocurrency is a million times less than possibility of stealing the money from your pocket. You just need to be careful and keep the private key in a safe place.
A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
.I do agree with you as regards those preferring safety of fiats over cryptocurrency investment. I did have a discussion today as regards facts that keeping money/fiats in banks is even as a loss and an old school mentality. One is also at the risk of inflation affecting one's savings in banks overtime. So, I am of the better opinion of having ur life savings in real estates, cryptocurrency and other legit businesses rather than having it stored or wasting in the banks.
I do not think this is the main discussion related to cryptos. The big difference is the civil liability of organizations that maintains their assets. There are several regulations regarding how and what banks can do with the refusals that others place on their accounts. Regarding the exchanges, their responsibilities are almost non-existent. What could and should occur would be more security and audit solutions specific to exchanges. But the main thing is that if well guarded, you will hardly lose your cryptocurrencies.
You're stating the obvious here, and there's no point even discussing this.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
I don't even know how the OP got a shred of merit. It is nothing original tbh. He is just stating what is currently continuously happening, although I suggest for the OP to revise the topic and discuss the security of crypto in some other ways rather than those obvious password character limits and such.
Yes even fiat money is also not secured nowadays. That's why people afraid about security of cryptocurrencies. Even it is stored in secured wallet sometimes money can be hacked.
A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
anything can be stolen, depending on us securing it, afraid to invest in cryptocurrency because of security? do those who say they already know, what is cryptocurrency? if they don't really know what is cryptocurrency , they are afraid to invest, but if people who already know and have made profits from bitcoin, they will continue to believe in bitcoin (the world of cryptocurrency).
There is no money that is secured when you give it the little protection. I left my money with inadequate security in my wallet and it was unfortunate for me being hacked within that moment.
It is proven that FIAT is not secure, i had a bank account and worst thing i lose some amount.
I never used my account for shopping as i make sure that i have cash in my wallet as always.
But still i got a debit from my account. i filed a complaint in my bank and they gave the money back though, still! it is not good to have.
I never used my account for shopping as i make sure that i have cash in my wallet as always.
But still i got a debit from my account. i filed a complaint in my bank and they gave the money back though, still! it is not good to have.
As I wrote several times, the dollar is provided first of all by TRUST. Because it is stable as ... like a dollar. There are decades, centuries, and one dollar as it was, so it is. And in America, you in any store will accept at face value the dollar of the 1918 issue. Or, most likely, more expensive, as a rarity. And try where to put up with the ruble of 1918? Unless to numismatist .... And with dojmarka? And with the franc? And with tugriks? Yes, it also depreciates over these decades, and right now at $ 1 it will turn out to buy less goods than 100 years ago. But in comparison with the ruble, for example ... Only in the past about 30 years it has depreciated about 25,000 (twenty-five thousand) times. And in the course of the entire 20th century, the ruble depreciated by a total of 500 trillion times. Who does not believe - can count. Yes, the dollar is not an ideal tool. But until they came up with the BEST. Or maybe ktonit here knows that, except crypt and gold can be better than the dollar? From fiat funds?
You're stating the obvious here, and there's no point even discussing this.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
that's right, everything we have always have risks, depending on how we can minimize the risk
You're stating the obvious here, and there's no point even discussing this.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
Anything you own, whether it's gold, crypto, cash, or comic books, can get stolen if you don't have proper security measures in place. That's been known as long as there's been thievery in this world.
that's right, everything we have always have risks, depending on how we can minimize the risk
Even someone else's life is prone to it dude. Anyways, but with some fair regulations, tips and other similar security measures in crypto at least there is a percentage that we can assure of the security although it isn't totally a 100% in its way.
A lot of people have always worried about the security of bitcoin and cryptocurrency which is why they have decided to stay away from investing in it. You must also note that even the fiat money that you may have can also be liable to theft. The earlier you stop giving flimsy excuses, the better. The decision is yours!
fair enough but what happens if your money is stolen from the bank due to their security. I am sure they'll return it back unless its everyone who gets hit by the security glitch. I agree that your money is not secure anywhere but I doubt crypto is more secure than bank at this point, eventually in the future it will become much stronger and I think its much easier for you to keep track of your finance if you have it on your hand instead of third party. perhaps that's why hard investment is good for long term.
Jump to: