Is Bitcoin really secure? - page 28.

Jr family

newbie

Activity: 161

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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 is Bitcoin not blocked for those who use it illegally by buying/selling in the deep web market?What if governments ban Bitcoin because of these people?
I really appreciate if you guys give me some answers

If asked whether or not safe, I think depends on each of us individually. Since only we can keep our Bitcoins, no one is responsible for the loss of Bitcoin we have. If we can keep Bitcoin from any angle, I think we will always be safe and the Bitcoin we have will not be taken hackers.

Harpawan

newbie

Activity: 252

Merit: 0

No. There is no safe word for all infestations.
There is how we strive agan infestation is not in disturbing others.
Be it physically or electronically.
Likewise with bitcoin, in addition to the ups and downs that make heart sport also storage is also prone to collapse.

mohammed0102

newbie

Activity: 73

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bitcoin is very safe, and I myself have no problem with bitcoin. you can set your own password even after they have already given you a private key.

colmenajose

newbie

Activity: 278

Merit: 0

Bitcoin is quite safe, however we can not neglect our wallets, we must have cold storage.

Getmon

sr. member

Activity: 1400

Merit: 273

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

If your friends and family are expecting that you will be giving some definite answers and assurance that Bitcoin is totally safe, then they are wrong. If their condition before joining Bitcoin is a guarantee that it is exempted from all the hacking threats and dangers, then they might as well stay away from Bitcoin forever. And perhaps stay away from everything online. We all know that we cannot declare total safety from all these. There are always risks.

rcoins0720

full member

Activity: 253

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 very secure and it is encrypted with the private keys you have and the only way to open it is through your provate keys..
Some cases of hacking said that the private keys they have was connected in their gmail acc. Where hackers can manage to hack the gmail and be able to get your keys.
As long as you store your keys in good hands you are good to go

phpartisanmaster

member

Activity: 350

Merit: 10

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

It is secured because there are a lot of coins out there that are not circulating in the market because it was lost by the owner, it only means that wallets are good enough to hold the coin and hackers will have a hard time to decrypt the passwords before stealing coins.

Simon Eaton

newbie

Activity: 56

Merit: 0

It's secure so long as quantum computers don't get into the wrong hands

joymarker

newbie

Activity: 39

Merit: 0

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

Tidak benar jika Bitcoin di “ Backing” oleh daya proses untuk menjalankan sistemya. ..... Bitcoin bisa lebih aman dan keamanannya akan meningkat jika pada setiap

yanlap

hero member

Activity: 672

Merit: 500

Quote from: ?? on ??

Bitcoin is pretty secure. This is because the cryptographic system comprises of multiple layers of security which no professional eavesdropper can hack. It is likely to take long to build the first supercomputer that will compromise these layers of security.

I have some knowledge about the hash system and I think that super computers are not enough to break the secured hash system and the reason behind this is that hash system was introduced after DES and AES and the major flaw in those systems were that at some point, they were reversible. The best thing about hash system is that it is not reversible, and reverse engineering on this will take you to nowhere. So the system is undoubtedly secure, and you just have to focus on the online practices of yourselves.

amaterazu

jr. member

Activity: 407

Merit: 3

They are secure, very secure. What makes them doesn't secure are our activities that vulnerable to hackers for stealing our information. And also how safe do you keep all your information. This is important.

wall101

member

Activity: 560

Merit: 10

btc is definitely secure because it has so many users in the philippines but its not just secure here is investors and novice bitcoins because they are often tricky because they do not know bitcoin.

MintCondition

legendary

Activity: 1147

Merit: 1007

Quote from: gernoto on March 05, 2018, 04:02:45 AM

What makes it secure on not is your self as a user. Bitcoin won't go anywhere unless you send them, so keep your wallet very good, don't share to anyone else. Be careful for phising site and its better to safe your bitcoin to your own hardware wallet.

It's secure in terms of investment that it will grow more by next few years but in terms of security of getting hacked, that thing will only depend on us, on how we will be careful in dealing our transactions.

Cryptorianer

newbie

Activity: 12

Merit: 0

Your Bitcoins are as secure as your wallet is. Most hackers didn't hack the wallet itself only the computer or phone which the private keys were on. So if you think about Bitcoins security think of how secure is your environment?

thomas41546

newbie

Activity: 43

Merit: 0

The only problem in bitcoin is how secure is your wallet. Online wallet is prone to hacker's that you need to check every time if your coins is still there.

Nyeyzel

jr. member

Activity: 168

Merit: 1

I think bitcoin wallet! No one can say that it was secured, even you have a strong password a personal computer regular precautions with your password and anything else. Anything is possible with the hackers it may access your account and possible take you bitcoins and send them to another account. Or the best method creates one or more wallet and protect your privacy at all times. Never share it to anyone.

cryptohunterSL

newbie

Activity: 53

Merit: 0

This depends what you mean by safe.

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. Assuming that you choose a strong password for your wallet, your Bitcoins should be safe from theft.

I also am fairly confident that some type of cryptocurrency will become widely used in the future, since it offers unique and useful features. But there is the possibility that some other currency will be developed that is superior.

Also, in the short term, Bitcoin is very volatile. So if you're looking for a safe investment, you're probably better off sticking to more conventional options.

codebuddyonline

newbie

Activity: 11

Merit: 0

a lot of people losing their bitcoins cause of private keys phishing

Sacred Fires

newbie

Activity: 24

Merit: 0

Bitcoin is extremely protected and secured in the event that you keep your wallet scratch inside yourself.Stealers won't have the capacity to hack your record unless you have a tendency to be thoughtless in such a way.But I accept bitcoin during those time has now turned out to be more sheltered and secured to contribute even a few people keep on doubting its security.We'll simply do our part to make bitcoin works inside us.

gernoto

jr. member

Activity: 84

Merit: 3

“Unibright Token Launch - 10th April 2018”

What makes it secure on not is your self as a user. Bitcoin won't go anywhere unless you send them, so keep your wallet very good, don't share to anyone else. Be careful for phising site and its better to safe your bitcoin to your own hardware wallet.

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