Topic: How safe is Bitcoin? ✅ - page 52. (Read 7291 times)
Most users from different countries of the world perceive Bitcoin as a very reliable and decentralized currency, which is based on effective cryptographic algorithms, the security of which is at the level of military standards.
Bitcoin is very safe and there is nothing that it can do to prevent it from been hacked unless the holder of bitcoins become vulnerable to attack with phishing sites or disclosing his private keys to unauthorized person.
Bitcoin is and will always be safe unless that you start to give out your private keys to stranges, or only if you start to use different and shady wallets.
I do not think you have to worry about hacking with the blockchain system.also you can use long passwords.
Bitcoin isn't mainstream, and it may never be. And yet it would be unwise to ignore it. Some $14.9 billion worth of bitcoins were in circulation in January 2017, and blockchain, the technology underpinning bitcoin, has attracted plenty of attention for its disruptive potential in banking, trading, and even media. So how safe is bitcoin?
The Risky Currency
Bitcoin does carry some unique risks. The value of the cryptocurrency has been three times as volatile as the price of oil and 11 times more than the post-Brexit exchange rate between the dollar and the British pound, according to European Tech analysts from Credit Suisse's Global Markets Research Department. Bitcoin transfers are also irreversible, so those who inadvertently enter an extra digit when trying to pay for something are out of luck. Finally, users need a private key to access their bitcoins, and that key operates like a password that cannot be reset. If the private key is lost or stolen, so are the bitcoins that go with it
The Risky Currency
Bitcoin does carry some unique risks. The value of the cryptocurrency has been three times as volatile as the price of oil and 11 times more than the post-Brexit exchange rate between the dollar and the British pound, according to European Tech analysts from Credit Suisse's Global Markets Research Department. Bitcoin transfers are also irreversible, so those who inadvertently enter an extra digit when trying to pay for something are out of luck. Finally, users need a private key to access their bitcoins, and that key operates like a password that cannot be reset. If the private key is lost or stolen, so are the bitcoins that go with it
Bitcoin is secure to the level the individual or user want it to because the bitcoin network is design to be user friendly and giving the total freedom to the user to always be in charge so at that the security of your bitcoin is left in your hand and how you are able to protect you log in details from intruders seeking to steal your bitcoin.
There's no real way to say with certain that bitcoins is safe no matter what method you use of keeping them. It has risks, so you just need to be really aware on how you use and/or keep your bitcoins.
The weak link is definitely the Bitcoin exchanges and if you have been around a lot longer, then you would have noticed that
we are warning all newbies not to store large amounts of coins on these exchanges. You have to remember that the code that
are used on these exchanges are not as robust and secure as the Bitcoin protocol and it is filled with exploits. There are also
one more weak link in these exchanges and that is the "human" link. You can easily find a "bad" employee working from the
inside to "steal" people's money.
we are warning all newbies not to store large amounts of coins on these exchanges. You have to remember that the code that
are used on these exchanges are not as robust and secure as the Bitcoin protocol and it is filled with exploits. There are also
one more weak link in these exchanges and that is the "human" link. You can easily find a "bad" employee working from the
inside to "steal" people's money.
Bitcoin is safe. Only the wallet you will be using doesn't have the assurance that you won't lose your bitcoin. All cryptocyrrency are risky when it comes to storing them because we are using internet and computers. If you are not careful, you might lose your cryptos. Just don't store your bitcoins and cryptos in just one wallet if you dont want to lose all.
You can store any decent cryptocurrency completely safely if you keep it in a cold wallet. You can generate a wallet completely offline and send money to it without ever going online. You can sign transactions offline and then push them on to the network online after the fact.
It is true that Bitcoin is the first digital currency. But it is well known for its value, demand and its security. Many people like it for its safety. The hackers want to hack this Bitcoin for its excessive price and research how they can hack this Bitcoin wallet but they are inactive in this regard and it is not possible to anyone. This is because the Bitcoin wallet or blockchain technology is guided decentralized system. It works peer to peer or user to user. So the hackers can't attack in this system. For this reason people like the Bitcoin. Thus it become popular to the people.
I think people is safe but the users can be safe if we keep everything necessary safe which is our private key and password I feel if we do then we are safe and our coins are safe. So keep them safe
I think bitcoin has done the best security, but bitcoin users should also be careful in keeping the wallet.
systems are getting more sophisticated, there are many ways to get into your security system, and the impact now, the decline in bitcoin and altcoin prices.
should individuals highly prioritize wallet security to prevent the occurrence of things that are not in want.
systems are getting more sophisticated, there are many ways to get into your security system, and the impact now, the decline in bitcoin and altcoin prices.
should individuals highly prioritize wallet security to prevent the occurrence of things that are not in want.
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 exchnger. it can make loose your coin.
Well said bitcoin is actually safe but the issues of all these hacks we are hearing comes from third party services such as exchanges.Falling to secure there exchange well enough and there by leading to careless hacks. So far you follow the proper security measures on your wallet you will always be safe and avoid loosing your private keys they are very important. Hardware wallets are also good for securing your bitcoins.
The best way to keep your bitcoins safe, is to use a hardware wallet that have stronger cryptography that web wallets.
If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.
If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.
True, the system of bitcoin itself is secure but the third party that handles bitcoins are quite unreliable specially the exchange platforms. Majority of bitcoins hacked came from these so called exchange sites so you wouldn't want to fully trust does sites.
Now, the most safe method of storing Bitcoin is a hardware wallet. If you are serious about Bitcoin, ensure that you get yourself one of these wallets.
I use our country wallet for 1 year and never experience bad
We are safe here in crypto base in the system on how it works
Use different wallet and activate 2fa so your so secure
We are safe here in crypto base in the system on how it works
Use different wallet and activate 2fa so your so secure
I'm not saying sure how we can be save my bitcoin of the wallet. Personally I have to say choice online wallet and hardware wallet. But don't forget this hacker always try to try do that hack your wallet.so you can save your wallet as you like this, Actually i have to suggest don't click anyone Link to share you another person and don't click false link.
Bitcoin is secure and safe, however there will be a hacker that will take an advantage and will always look for the people make a mistake for thier one safety. Our part is also needed to make bitcoin more safe.
I'm not saying sure how we can be save my bitcoin of the wallet. Personally I have to say choice online wallet and hardware wallet. But don't forget this hacker always try to try do that hack your wallet.so you can save your wallet as you like this, Actually i have to suggest don't click anyone Link to share you another person and don't click false link.
Your bitcoin was safe if it's in the online wallet because nowadays many hackers are want to stole your bitcoin to become safest your account make sure your password is very difficult to verify.
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