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Topic: How safe is Bitcoin? ✅ - page 33. (Read 7306 times)

member
Activity: 315
Merit: 15
July 22, 2018, 01:01:38 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?

The safeness of bitcoin usually depends on yourself on how you store and what kind of wallets you are using. Bitcoin can be a very safe place if you are using a trustworthy storage which can help you from being worry free over all you earnings. Always be smart and wise in choosing a wallet or hardware wallet so that you can avoid getting hacked and stolen.
newbie
Activity: 84
Merit: 0
July 22, 2018, 12:56:53 PM
I would say, its 90% safe.As it cant be robbed or theft.But because its not a normal currency and the transactions are done online, your account might be hacked.So better stay safe.
full member
Activity: 373
Merit: 100
July 22, 2018, 07:09:49 AM
I think bitcoin is quite safe if we use it carefully. Because bitcoins look harder for hackers to enter and also if our wallet can be hacked, maybe it's because of our carelessness in using it. So we are quite careful and I think it will be safe. If you want to be more secure try using wallet ledger.
newbie
Activity: 30
Merit: 0
July 22, 2018, 06:41:21 AM
Talking about security and keeping Bitcoin safe is safe as long as we know how to keep your login information, private keys and personal data secure. Better to think carefully before participating.
newbie
Activity: 28
Merit: 0
July 22, 2018, 04:35:30 AM
Do not store your bitcoin on any swap. So far my bitcoin is now safe even if it's stored in an online wallet like [Suspicious link removed]. In my opinion, Bitcoin is safer than any other financial service even though it has been hacked many times. We should save our Bitcoin into wallet or purse and you should not invest more than you can buy Bitcoin only from the trusted trading platform so we can secure our Bitcoin.
newbie
Activity: 74
Merit: 0
July 21, 2018, 11:43:21 PM
In my opinion, be aware that bitcoin has a high level of security, so for people interested in investing in this digital money, they are protected by a blockchain algorithm in which each user can monitor or see the total supply of Bitcoin in circulation and transactions that are in its digital network in a transparent manner
newbie
Activity: 32
Merit: 0
July 21, 2018, 11:20:53 PM
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.
newbie
Activity: 87
Merit: 0
July 21, 2018, 09:19:46 PM
it is also depends on the user if it is careless or slovenly about their information and security well that user need to orient about safety of bitcoin wallet, and other stuff also by the way thanks for sharing your tips.

Some people say that bitcoin is scam we dont trust them. But when i think it first, that bitcoin is very secured.Mostly people they don't know what is bitcoin and they don't know how to understand, that's why some people sày that it is scam.because they can influence from media.So for those people who have bitcoin you don't need to worry because Bitcoin is the safest way and high in security.
newbie
Activity: 107
Merit: 0
July 21, 2018, 05:25:52 PM
Bitcoin concept is designed to provide The most secured and convenient means of payment between individuals and organisations but at the same time has its underlying issues in the area of security which is the major setback in this crypto era, but that can be minimised by utilising safe method of bitcoin storage which only you have access to, hardware wallet currently the best for me.
full member
Activity: 353
Merit: 100
https://luxantdigitalbank.com/
July 21, 2018, 04:30:29 PM
  To my opinion Bitcoin is more secure than any other financial services even though it has been hacked several times. If you rely on the right person Bitcoin will not be stolen, Bitcoin theft happens only by the carelessness of the users.  We should store our Bitcoin into a hardware wallet or paper wallet and you should not invest more than you can afford buy Bitcoin only from exchanges that can be trusted thus we can be safe with our Bitcoins .
newbie
Activity: 68
Merit: 0
July 21, 2018, 01:57:19 PM
Bitcoin is quite safe but like every other online things, it is not immune to hacking. But you can take proper care of your wallets to make it as safe as possible. If possible, try operating offline wallets or hard wallets.
legendary
Activity: 1596
Merit: 1026
July 21, 2018, 01:42:37 PM
Everything has a risk.

Also if some bugs comes up in the code than it can be fixed through hard forks.

Bitcoin is for risk takers

So many hackers have always hacked

Bitcoin is not completely safe
full member
Activity: 322
Merit: 110
elysian.finance
July 21, 2018, 01:38:07 PM
It is safe in your wallet without any hackers that will try to get it.  So be careful and take care of your valuable coins for anytime a hacker will try to access it and be able to get it.  Take good care of your private keys.
member
Activity: 293
Merit: 10
July 21, 2018, 01:34:01 PM
Well Bitcoin is pretty safe if you go by its history. Also if some bugs comes up in the code than it can be fixed through hard forks. The only thing most of the people fear is its volatility and the constant fear of what if Bitcoin price goes to zero due to some unknown reasons as Bitcoin isn't backed by anything.
newbie
Activity: 78
Merit: 0
July 21, 2018, 01:14:48 PM
If you're worried about someone hacking your wallet, the underlying cryptography for Bitcoin has been studied in detail, and is believed by experts to be secure.
sr. member
Activity: 1036
Merit: 275
July 21, 2018, 01:11:51 PM
Bitcoin is safe as long as you know how to control your keys and if you really take care of your own safety, otherwise, it is more than unsafe, it works by the same way as real money
newbie
Activity: 182
Merit: 0
July 21, 2018, 12:59:00 PM
Bitcoin can be safe your online wallet like blockchain or coinbase. these wallet are safe if you safely save your keypass.  or I use to cashout some of bitcoin so that the riks can be minimized. but don't store your bitcoin on any exchanger. it can make loose your coin.So far my bitcoin is currently safe even if it is stored in an online wallet like blockchain.com. The most important thing is how we secure our account through super powerful step like no one can know password and private key.
member
Activity: 111
Merit: 10
July 21, 2018, 12:56:39 PM
I think using bitcoin is very safe, different again with you who secure it what is safe or not. You'd better find a wallet whose safety has been tested to store bitcoin in it. By using Authenticator I think it's very safe. Most importantly never love anyone access to your wallet even though it's your nearest person.
newbie
Activity: 280
Merit: 0
July 21, 2018, 12:53:07 PM
Everything has a risk. But considering bitcoin, as long as your private keys are safe your bitcoin must also be safe in either online wallet or offline wallet.
newbie
Activity: 69
Merit: 0
July 21, 2018, 12:46:29 PM
Bitcoin is for risk takers because when you invest in bitcoin it will not yield immediately  but at the long run it will definitely  affect the life  of the owner po
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