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Topic: How safe is Bitcoin? ✅ - page 17. (Read 7306 times)

full member
Activity: 540
Merit: 100
August 08, 2018, 07:14:19 AM
Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.

Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.

Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.

An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer

If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.

But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.

How make you sure to safe your Bitcoins?

Your bitcoins are safe if you have knowledge to protect your money from many hackers in the cryptocurrency market. Improving your knowledge and skills are really the best way to secure your money.
newbie
Activity: 238
Merit: 0
August 08, 2018, 07:11:43 AM
It depends what you mean by "secure", but no, not really.

When you have money in your paypal account you are trusting paypal to let you have access to it. They can (and often do) decide to freeze your account at any time if they don't like the kinds of things you use your account for. That's not what I would call "secure".

With Bitcoin, if you hold your own private keys, you are in control of your own money. Nobody can freeze your "account". But you are responsible for your own security.
newbie
Activity: 115
Merit: 0
August 08, 2018, 07:05:55 AM
As long as your private keys are safe your bitcoin is safe. Because it is merely impossible to breach into another's wallet without knowing private keys. So keep your private keys safe. Best use offline wallet to ensure security. 

Its up to us on how we handle our wallet and or private keys where bitcoins deposited its our look on how we take good care of our account for to be scam.
newbie
Activity: 20
Merit: 0
August 08, 2018, 06:59:57 AM
Keep your bitcoins on a computer that won't be connected to internet or on a ledger.
newbie
Activity: 154
Merit: 0
August 08, 2018, 06:59:52 AM
In my own opinion, I think that bitcoin (BTC ) is safe and secure to invest in. It is well known for its safety. We shouldn't be really worried about these things because it is indeed the most secure digital currency.. the biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins
newbie
Activity: 49
Merit: 0
August 08, 2018, 06:50:44 AM
There are many ways to protect Bitcoin, but the best way is to store it in a hard wallet, which will need a key to protect it, that's the best way.
newbie
Activity: 16
Merit: 0
August 08, 2018, 06:22:07 AM
We all know that digital currency, is prone to fraud or hackers, if you engage in this, like in bitcoin you should think the possible risk so that you double your safety like in your codes of your wallet where bitcoins stored.
newbie
Activity: 59
Merit: 0
August 08, 2018, 04:00:01 AM
Bitcoin is quite safe, what people are doing with their private keys is unsafe though. Until your priv key is kept in a safe place everything will be fine. Keep it written on at least 2 pieces of paper that are hidden very good. Never share your priv key to anyone or even don't keep it on your pc.
full member
Activity: 257
Merit: 100
August 08, 2018, 03:54:49 AM
We can say that bitcoin is much safer than bank investing, and bank deposit, but you will only have one bitcoin if you will invest in one Bitcoin, it's not guaranteed that the selling price will be the same.
newbie
Activity: 32
Merit: 0
August 08, 2018, 02:03:43 AM
I think bitcoin is a great digital currency, its use is only private keys and using the blockchain system
newbie
Activity: 104
Merit: 0
August 08, 2018, 12:41:13 AM
It's hard to put words into words, but if you invest in them you will find the benefits of the BTC more secure than any other coin, and they can also be profitable for you. Wink Wink
newbie
Activity: 229
Merit: 0
August 08, 2018, 12:06:03 AM
I think safety in bitcoin all depends on how the owner of the bitcoin uses and store his or her  private keys only in this way that risk is reduced.
newbie
Activity: 154
Merit: 0
August 07, 2018, 09:49:03 PM
We should keep the bitcoin safe so the new bitcoin tells us the profit when we keep the bitcoin safe then the result will be from the bitcoin, you should store the bitcoin in the myteherwallet and store the secure password
newbie
Activity: 24
Merit: 0
August 07, 2018, 09:26:00 PM
It depends to the bitcoin holder, on how they secure and ensure their bitcoin to the hackers and also I suggest that they use hardware wallet.
newbie
Activity: 29
Merit: 0
August 07, 2018, 08:47:14 PM
Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.

Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.

Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.

An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer

If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.

But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.

How make you sure to safe your Bitcoins?

It really depends on who has invested in it. Bitcoin is safe as long as you know what it really is. You must need to know all about bitcoin so that you can know how to keep your bitcoin secure. You must keep your bitcoin passwords safe and do not provide passwords to anyone and Also into any unreliable site
jr. member
Activity: 238
Merit: 2
August 07, 2018, 08:42:50 PM
Yes, I agree, there is absolutely nothing absolutely safe. Especially for digital money. What we need to do to avoid hackers is to keep their wallets safe by using a hardware wallet or a paper wallet. Be careful when trading on strange websites, using antivirus software, do not use wallets on strange machines. Their loss of money is due to their carelessness only.
copper member
Activity: 196
Merit: 0
August 07, 2018, 08:29:40 PM
security always has is equal to the credit card of any flag is s'ter careful with the password and ready to be happy but anyway keep cold also great option in device that you do not use and leave it offline
full member
Activity: 1218
Merit: 105
August 07, 2018, 08:24:03 PM
You can only lower the risks of anyone on getting your bitcoin by doing some precautionary actions.
Yep, like keeping your wallet safe and of course your seeds in a safe place if you know what I mean Grin We all know these days there are a lot of hackers sneaking around all over the internet trying to try their luck to hack people's Bitcoin wallet or any other forms of crypto currency wallet by using phishing sites that majority of the time sent on e-mails. Everyone should be vigilant because these hackers will do anything by any means necessary to hack people's wallet.
Take a look at this

On August 2, 2018 I received this E-mail and it is probably a phishing site sent by hackers.

Yes, but profit with precautionary actions is not really big. I think better if you are trying to do more risky investment, of course, you maybe not have profits from that, but you earn more on it.
What do you mean with profit with precautionary actions is not really big? Huh And how come profit and earning doesn't have the same meaning in your sentence? Huh LOL The OP is talking about the safety of Bitcoin funds and I think not about risky investments on crypto currencies.


full member
Activity: 406
Merit: 100
August 07, 2018, 06:40:34 PM
You can only lower the risks of anyone on getting your bitcoin by doing some precautionary actions.

Yes, but profit with precautionary actions is not really big. I think better if you are trying to do more risky investment, of course, you maybe not have profits from that, but you earn more on it.
yes it can be a good choice to get maximum benefits so it must be true to take something more risky which is important we learn about the knowledge first
sr. member
Activity: 629
Merit: 252
August 07, 2018, 06:27:43 PM
You can only lower the risks of anyone on getting your bitcoin by doing some precautionary actions.

Yes, but profit with precautionary actions is not really big. I think better if you are trying to do more risky investment, of course, you maybe not have profits from that, but you earn more on it.
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