Is Bitcoin really secure? - page 106.

alfs75

full member

Activity: 392

Merit: 100

platform for everyday business

Quote from: Aveatrex on August 16, 2017, 09:27:57 PM

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers

Bitcoin is secure from hackers because its has 2 open password before you can enter your account.In bitcoin you can guarantee that your crypto currency in the safe place no one will can hack on it unless, theres someone who know your personal wallet password.while in the black chain author of this bitcoin hired expert people to provide protection of there asset.

Mukulislam

full member

Activity: 168

Merit: 100

Bitcoin is the most secure cryptocurrency in the online world.Bitcoin is safe unless we dont keep the security properly. The security depends on us..as long as we do not tell our passwords, our Bitcoin remains safe.

Shutup

full member

Activity: 588

Merit: 100

Quote from: Aveatrex on August 16, 2017, 09:27:57 PM

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers

Bitcoin is secured for as an income.It secures the profit of my life.But even many hackers now and robbery of bitcoin now atleast we have to be prepared to be careful also.Its really hard to avoid this because I experience it already.But only bitcoin is my hope to help me on my needs and to have the better life and future of my family.

staff_1307

full member

Activity: 232

Merit: 100

Bitcoin is not safe from hacker attacks, so I can give you some tips:

1. Do not send copies of your wallets through the Internet in an unencrypted form.

2. Keep the computer with a purse of antivirus with current databases. It is also desirable to have a customized firewall to protect against external attacks.

3. Do not use the password to encrypt the wallet that you use anywhere on the Internet.

4. Do not keep all your bitcoins in one purse

5. Do not run your bitcoin on unreliable or badly serviced machines.

dreamer81

sr. member

Activity: 616

Merit: 252

It is very secure. With the current technology it cannot be hacked. People are scared of quantum computers in the future, that they can hack the blockchain. This is not going to happen. Once quantum becomes possible, the bitcoin devs will enhance the security to protect the blockchain.

So just go for it!

Misshi

full member

Activity: 247

Merit: 100

Decentralized Continuous Audit&Reporting Protocol

Quote from: Aveatrex on August 16, 2017, 09:27:57 PM

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers

There have been tests conducted by some Big banks and State of Government of different countries regarding the security of Blockchain. I do not know how to explain because it is too technical, and I am not a tech-savvy. But in layman's term, "if the hacker attempts to tamper the data ,it would require him to change all the previous record in the blockchain.

kpcian

hero member

Activity: 826

Merit: 529

so far I have gathered information about this system I can say that Bitcoin is highly secure. a couple of days earlier, I heard that a group of hackers made an abortive effort to unlock this system but they couldn't even explore anything. Bitcoin has been invented by a group of highly experts people. it is a self-generated platform so that you can be free of anxiety regarding this issue.

kaizerblitz

full member

Activity: 504

Merit: 105

Yes it is bitcoin is secure because of Blockchain it had millions of computer doing such a transaction and then it cannot easily Hack before it has different address encode and difficult to attack.

Rashid555

full member

Activity: 350

Merit: 100

Yes, Bitcoin is secure but if we look at the other side we will come to know that if there is a failure of internet will cause many problems but BTC is digital currency so it will disappear from the surface of the earth.any how we will earn bitcoin because we have no other chance to get good amount of money.

CARrency

sr. member

Activity: 546

Merit: 256

Quote from: freundes on September 27, 2017, 02:37:37 PM

Its really secure unless you give out your private keys.
I like the idea of having a currency untraceable... you are the onlly one knowing how much you have and its completely safe with you

I think it is not that untraceable but it is psuedo anonymous. People will still be able to trace your transactions and balances but can't tell where you're from and who you are. But as you've said, bitcoin will be in danger if you gave out your private keys or maybe loose it.

Outlander

legendary

Activity: 1218

Merit: 1000

How secure of bitcoin is up to the its users, who should know the basic knowledge of how to protect your self, like not click unknown links, not install unknown apps, not store btc at exchhange, backup the keys etc.

freundes

member

Activity: 99

Merit: 10

Its really secure unless you give out your private keys.
I like the idea of having a currency untraceable... you are the onlly one knowing how much you have and its completely safe with you

ekoice

hero member

Activity: 742

Merit: 500

Yes,bitcoin is secure.Otherwise,it would not have existed these much years.Unless we leak our private keys,our bitcoins are safe in our wallet.Bitcoin works in an unmatchable block chain system which has been found to be the most secure and time consuming system and even banks and most of governments have got satisfied
with its performance.That's why banks which consider bitcoin as their rival have accepted block chain system.
Bitcoins could not be locked for users who use it for illegal activities since it is a decentralized currency and just like USD,it is free to use for every one.

hirokazu

sr. member

Activity: 672

Merit: 251

It's really really secure to keep your money safe than other like bank nor various money saving places. Only the person that have the private key which can gain full access to the wallet.

MetalGear

sr. member

Activity: 714

Merit: 250

Quote from: _MrTuyul404 on August 16, 2017, 09:39:50 PM

Yes bitcoin is really secure. no one can steal bitcoin, except for our own carelessness.

The government can not be that easy to ban bitcoin transactions, because bitcoin is the future.

We all know that bitcoin is very secure and its high level on security in which no one will stealth your bitcoin. You should keep your password and private in safe place and try use trazor to keep your bitcoin safe and secure. Lastly, you should put 2fa to keep totally secure.

Senpai17

newbie

Activity: 22

Merit: 0

yes its very secure unlike banks people can rob your money. But it still up unto you if what other way will you do in order to save and protect your money

MelisaMoris

member

Activity: 98

Merit: 10

if the government forbids bitcoin I think you can still use bitcoin, you can try various network access such as VPN to still be able to access bitcoin

Senpai17

newbie

Activity: 22

Merit: 0

Bitcoin is still new to most of us, just like internet was back in the 1990's. Back then, people were giving away their credit cards in fake websites. So you still need to be very careful how you use your bitcoins and how you use your private keys.

itzong17

newbie

Activity: 41

Merit: 0

Bitcoin is really secure, especially if you have 12 phrase password private key with you keep it for a long. nobody owns your bitcoin but you

BitcoinsGreat

sr. member

Activity: 1022

Merit: 280

Bitcoin wallets has high security which can really secure our bitcoins. Nobody can steal it, but as mot people know the fact that only our carelessness can make our bitcoins loss .Like saving passwords not upto standards, giving details to someone thinking he is most near and dear one and will not misuse. Hackers can easily steal your browser info if you do not have proper Internet security softwares on your computer.

Topic: Is Bitcoin really secure? - page 106. (Read 21626 times)