Is Bitcoin really secure? - page 111.

Reid

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Quote from: Manuj on September 01, 2017, 04:18:58 AM

If you want an assurance that never will it happen that Bitcoin will be hacked, I cannot say it with all certainty. There is no absolute security really. But if you look at the past track record of hacking with Bitcoin, you will find none that is considered significant. In alts, especially ETH-based, there are many.

That is true. I have been looking for a legit website that could tell that bitcoin is hacked and yet I could not find one. I think there are events where hackers will find a way to hack a certain thing in the internet then they will be rewarded and bitcoin havent been breached yet. It is also for the purpose of strengthening the breached website.
This one is so secured it aint easy to enter while with other coins they have done it already. I guess another genius should be born just so it could be hacked.

Suffoc8

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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

The good factor of the Bitcoin is it is really secure. And it will depends on the handler or the Bitcoin user if he or she will use it correctly. The carelessness of the user may also the point that it may affects the security of Bitcoin.

Manuj

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If you want an assurance that never will it happen that Bitcoin will be hacked, I cannot say it with all certainty. There is no absolute security really. But if you look at the past track record of hacking with Bitcoin, you will find none that is considered significant. In alts, especially ETH-based, there are many.

kpcian

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I think so. day by day Bitcoin has been accepted in many countries as a legal money, especially in the developed countries like Japan, South Korea even India has declared it thier legal currency. if it is not secure then these countries haven't given permission as so...
from my study and experience, i can say that Bitcoin is the most secure currency in the world.

ankylotic

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Quote from: sukoyomi on August 31, 2017, 08:06:51 AM

from 2009 to 2017 the development is very good, and so far bitcoin can be said to be very safe or with altcoin, I think it is very safe, except your own carelessness, like showing your private key address in public place.

exactly , there are only two currency to trust and i think they are the most secure currency and you can rely on that or trust on that ethereum and bitcoin. i think in both of those currency the chancing for them to dump you or decrease their price is very low. yeah a little bit up down cannot matter but huge dump of their price are very low.

Metoo.14

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Of course it's not completely safe, I remember not wrong btc hacked before. Of course it has fixed the vulnerabilities and added security and is now quite secure.

MrEthics69

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Yes Bitcoin is really secure it's a popular currency people use it at randomly.

Cedbailey

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Bitcoin is secure but you need to store it in a good wallet and exchanges should be secure. If you store bitcoins in exchange you might loose them as it is not secure, more than 100's of exchanges have been hacked so far. It is always safe to store bitcoins in offline wallets and hardware wallets. Online wallets are not safe due to increase of hackers, the hackers manages to assess online account and will hack all the bitcoins.

Best Dreams

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Quote from: Bitcoin_Delivery on August 31, 2017, 10:16:11 AM

The security of the bitcoin depends on our own storing the bitcoin where. if we save bitcoin in the wallet that is really safe I'm sure it will be safe unless we save in exchange

Yes,Bitcoin is really secure, I like bitcoin because everyone tries to keep bitcoin safe bitcoin can't be hacked
and you can use bitcoin easily.

Denies

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if we ask about internet security. I think all the software or things related to the internet can all be hacked.
depending on one's intelligence level.
but I think bitcoin will keep their system from various things that concerns about security.
I think they have set up or how to solve if there is a hacker attack or something like that.

umbara ardian

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I never introduce bitcoin to my brother. the questions asked are the same. I just answered the hackers would not be able to break into the blockchain security system except for our negligence. they are lurking every user, so we should not be afraid if the security system. so keep your wallet password correctly.

BitcoinPC

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Well, i hold my bitcoins for last 3 years and now my bitcoins all are secure, So i assure you it is secure, you could save your bitcoin into hard wallet and do all transactions with carefully, then i don't think that any problem is here in bitcoin security. Actually, when we tell about bitcoin to others then many people want to security. it is common question.

rodskee

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Quote from: sukoyomi on August 31, 2017, 08:06:51 AM

from 2009 to 2017 the development is very good, and so far bitcoin can be said to be very safe or with altcoin, I think it is very safe, except your own carelessness, like showing your private key address in public place.

yes i gree with you mate i keep monitor the bitcoin currency the movement is so good still goes uprise and pumping right now so maybe before end of the year the bitcoin has in the higher value more than expectation came in the prediction 5000$, and always keep in private your securit code of your wallet to avoid risk.

Rizky Aditya

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Quote from: sukoyomi on August 31, 2017, 08:06:51 AM

from 2009 to 2017 the development is very good, and so far bitcoin can be said to be very safe or with altcoin, I think it is very safe, except your own carelessness, like showing your private key address in public place.

Based on my own experience, bitcoin is much safe than any other crypto currency💱I’ve seen. There are lots of safe wallets to make use of; wallets with high-end security. I started with Xapo and Coinbase, and I had a good experience with both, including coming up with an idea for Coinbase secs, which was adding a live chart 📈to show users the current crypto price. Don’t forget bitcoin.info

ClvrGmr

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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

Basically anything created inside or coincides the internet are not safe unless secured. Hackers are geniuses and they own the world of networks but in terms of bitcoin or blockchain it's a yes. Our bitcoins are safe, wallets are created so that we can only access it by ourselves. Logically you can't hack through something without any connection through it, so if your wallet is in you desktop or laptop hackers would probably had a headache trying to steal your bitcoins. In the other hand, bitcoin wallet companies probably, in my opinion, hire professional hackers to create a strong security for them.

Ingoats

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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

Definitely Yes, Bitcoin is really Secure. Yet it will depends on the hands of the owner on how will be the strategies will he or she use to secure it better. And also the hacks, bugs or whay so ever will depends on the carelessness of the owner. I will asure you that bitcoin is design securely and design for the sake of the consumers.

Bitcoin_Delivery

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The security of the bitcoin depends on our own storing the bitcoin where. if we save bitcoin in the wallet that is really safe I'm sure it will be safe unless we save in exchange

Kisanaq

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I think the bitcoin security system is very good, I have never enabled 2FA but until now everything is still very safe. this is because bitcoin is designed so securely.

Faith Joy

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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

Yes bitcoin is really secured and bitcoin was already tested to be a legit thing.Bitcoin was used by many people and will be used by many people.Bitcoin was secured and there is no issue about the security of the bitcoin.

Ashong Salonga

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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 wallets are very secure in different wallets onlines because we all that every wallet has it's own security seed and address that only knew about it's owner. Many wallets are very secured in a way that it has own authentications. But of course the dangerness of one's wallets is defend on the owner on how he handle his wallet.

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