Topic: Is Bitcoin really secure? - page 15. (Read 21623 times)
There is no perfect system, what is made always can be hacked, many stories that people lose bitcoin when they use paper wallet, this is an irony because although safe but we have to pay attention to other factors.
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
You don't have to worry that bitcoin will be compromised by hackers. You just keep your wallet secret and the hacker won't be able to steal your bitcoins. Bitcoin prices are volatile, so investing in bitcoins is risky and you need to be careful. 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 secure .. but Bitcoin security depends on ourselves,
So we must always be vigilant in keeping our account so hackers do not steal it,
Bitcoin is secure it is not the bitcoins which are hacked it is the ICOs which are attacked to steal all the bitcoin of the investors and the company. To my knowledge, it is not that easy to hack the blockchain easily so hackers always target the ICOs from where they can steal their money. If we are just talking about bitcoin itself then bitcoin cannot be hacked. ANd it also the wallets that get hacked from where all the bitcoins are stolen.
I think it's safe if there is a loss that happens because of our negligence and hopefully be a tool of transactions in the future without any unsafe words
I do not think that bitcoin is safe. When I choose to invest in bitcoin is because its profit is too great. a high profit market, the risk of it is high. I think so.
Bitcoin is the new trend in cryptocurrency. Simply, bitcoin is secured because its users value its anonymity. No person will ever give its information to anyone. Also, with the best blockchain technology ever used, everyone is secured and no hackers will ever use it. Keep investing so that you will receive a higher yield later.
Bitcoin is a safe place to invest, and investors' money is well kept, and there are plenty of wealthy Bitcoin builders, so we do not have to worry about it happening. Fraud or risk of loss, Bitcoin only dangerous when an investor does not have enough knowledge but still engaged in buying and selling.
Honestly there is no such thing as safe place to invest. Every investment have its risk so we can say there is no absolute safety in it. Though with regards to Bitcoin network, it is secure with lots of nodes to confirm the validity of the transaction and huge hashes to maintain the security of the chain.
It always depends on you if how you use your bitcoin and I think bitcoin's wallet is already secured and avoid already hackers of its stealing money in the wallet. Hopefully bitcoin is continue the secureness of their wallet and I think even many users wants to create a new wallet it will be more secured. Always double check where or who will you transact with.
I think it's safe if there is a loss that happens because of our negligence and hopefully be a tool of transactions in the future without any unsafe words
Even if the bitcoin blockchain was hacked the developers of bitcoin will make a patch for the hack and fork the coin. Secondly, if there was some vulnerability in the blockchain then it would had been hacked by now.
Yes bitcoin is secure because it is running on blockchain technology. hacking of bitcoin is very very difficult or impossible task because algorithm language is very complex. so we can say that bitcoin is secure currency in the world. no one can hack your crypto without knowing your password or private key.
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
You don’t need to worry because Bitcoins are secured using a combination of cryptography and economics. You have to solve a difficult cryptographic puzzle and this means very powerful computers are needed to do Bitcoin mining. These computers are very expensive to buy which at the same time makes them very secure. 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
I actually dont know for sure but as long as it is done online then it is not secure. I just hope it is really secure
I think bitcoin is security depends on the wallet address ypur using, if it has low security features then it will be easily hack but if you have and high security wallet address that is very hard to hack and has many features then you can say that your bitcoin is safe.
bitcoin security depends on the type of wallet u use and step 2 verification u should use compulsory to prevent hacking
Yeah we need to make sure the safiest of our wallet so that no one can hack our account, there are a lot of hackers that can easily hack other account so we need to be careful everytime to avoid those hackers.
Yes bitcoin is secure but it depends on what wallet you use and it depends on you because there are many wallets or sites that are scams and they will try to get your bitcoin so you need to pick the right wallet for the amount of your bitcoin, and most of all bitcoin transaction is safe and anonymous and you will feel secure when you use it but you just need to be careful to make it more secure.
bitcoin security depends on the type of wallet u use and step 2 verification u should use compulsory to prevent hacking
The core and design of bitcoin is secure enough just imagine it is going to take the whole Internet to shutdown and brute force attack on networks which is extremely very hard to execute. It is how human would use bitcoin that makes it vulnerable.
Yes Bitcoin is really secure.. You can use safely and thy system is also safe and secure. you just save you wallet where you store your bitcoin. you can use blockchain wallet and bitaddress both are save and secure. you just safe you wallet secure information.
Definitely ,Bitcoin is really secure. If Bitcoin was not secure then it could not have gained popularity. At present, as Bitcoin is so much more popular so, it is true that bitcoin must Secure. Many people are engaged with Bitcoin. They believe that Bitcoin can changed any one life easily. i also believe that Bitcoin must changed anyone life easily. I love Bitcoin so much.
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