Is Bitcoin really secure? - page 33.

usam_coiner

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Quote from: ElitistCA on February 26, 2018, 01:11:40 PM

Quote from: gates on February 24, 2018, 01:01:15 PM

Quote from: fransbenotius on February 22, 2018, 12:41:45 PM

We cant say if bitcoin is secure because there are no regulation about it, and there are a lot of country who banned bitcoin from their regulation, so dont use bitcoin for transaction, use bitcoin for invest, and it will help you..

Bitcoin transactions are slow and quite expensive. It's more reasonable to use it for invest and use Ethereum for transactions.

Yes, but you have to know the transaction fees of Bitcoin has reduced recently. I don't know exact the reason made the transaction fees of Bitcoin reduced, but I heard Lightning Network are used for testing to check the Bitcoin system can use this node or not. And the total number of Bitcoin transactions also decrease to transfer to altcoin transactions in the past time.

nothing to worry about the bitcoin security its more than enough to secure your capital in it and people are trusting that's why, and the journey of bitcoin is still for 9 years no such kind of issues arises in past so it will stay calm in future also.

ElitistCA

sr. member

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Blockchain Just Entered The Real World

Quote from: gates on February 24, 2018, 01:01:15 PM

Quote from: fransbenotius on February 22, 2018, 12:41:45 PM

We cant say if bitcoin is secure because there are no regulation about it, and there are a lot of country who banned bitcoin from their regulation, so dont use bitcoin for transaction, use bitcoin for invest, and it will help you..

Bitcoin transactions are slow and quite expensive. It's more reasonable to use it for invest and use Ethereum for transactions.

Yes, but you have to know the transaction fees of Bitcoin has reduced recently. I don't know exact the reason made the transaction fees of Bitcoin reduced, but I heard Lightning Network are used for testing to check the Bitcoin system can use this node or not. And the total number of Bitcoin transactions also decrease to transfer to altcoin transactions in the past time.

deepakg2m

copper member

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The knowledge which i gained from BITCOIN whitepaper is that BITCOIN is secured using the blockchain technology.For further details read whitepaper carefully.But then also you have to be careful about your private keys to avoid any mishappening .

derigop

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It is secured if you are very careful to those people who are going to scam or hack your account. There is no security if you are not careful to your surroundings. Avoid giving information to the unworthy persons.

gates

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Revolutionising KYC Services

Quote from: fransbenotius on February 22, 2018, 12:41:45 PM

We cant say if bitcoin is secure because there are no regulation about it, and there are a lot of country who banned bitcoin from their regulation, so dont use bitcoin for transaction, use bitcoin for invest, and it will help you..

Bitcoin transactions are slow and quite expensive. It's more reasonable to use it for invest and use Ethereum for transactions.

hajimasan

hero member

Activity: 882

Merit: 500

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

First of all don't think that bitcoin's security is wrost in any way but in Actual we should think in better way that bitcoin is famouse why? Because only of the one reason that is its security level , due to its security power of encryption many countries banks are attracting toward this technology and they decided to use in bank for the better safety of the Fiat money .
So here you can understand very well that how much the bitcoin is safe by security .
And another thing that you are saying that what will happen if bitcoin get banned , I don't think that any country will ban instantly , they will surely take time to invest and also even after the ban we will remain able to sell in a other countries where it is fully legal and people are using at local shops .

Kuya Kim

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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.

I think it is, because in the present no one is complaining about losing some inveesment or bitcoins. Thats why you can freely invest and fearless in using bitcoin unless you are so careless person there might be some instance that you'll lose some of you capital or investment

SteshaScott

newbie

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Bitcoin is highly secured that no one in the world can hack bitcoin blockchain where all the trans are present from very first to till now

Aleksandr_ov

member

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His decentralization makes him strong!

Serdaldal

jr. member

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Bitcoin is really safe because Bitcoin always falls down like this, so there's nothing to worry about at all.

callmeback

jr. member

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Well it depends on us if we are carefull its secured but if not then its not and no one can steal your bitcoin expect your carelessness with your account. Bitcoin use blockchain let hope that its safe to hackers. Bitcoin is based on this technology you can say its transactions on the blockchain are safe for but i dont know in the future. Remember always be careful on your wallet because your wallet is very important it serves as your bank of your coins online.

hardhouseinc

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Most Advanced Crypto Exchange on the Blockchain

Bitcoin is one of the most secure things I have ever met in my life. Of course is necessary to be private yourself, don't share your private info with anyone, only with your wife or husband

mkhadazz

sr. member

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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

I think your question is often questioned bitcoin will be safe if we can make safe bitcoin itself, and already many countries whose government does not prohibit and inaugurate bitcoin as a legitimate currency, but for now in my country the government still forbid buying and selling transactions and as a means of payment because bitcoin has not been authorized in my country

angelakrasnova

member

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It's safe to make deals. It's safe to buy. It is not safe to keep it if your computer is infected with viruses. I advise those who read this post to check the computer for viruses. Watch out for the guys.

Momoamzad

full member

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$CYBERCASH METAVERSE

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 more secure than real money . but secure when you can able to hide your secret password from everybody.

decano

full member

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Bitcoin is a secure crypto currency. Personal fault of users security problem. Hackers create new ways to steal Bitcoin. Let's implement all the cyber security measures. Crypto currencies are being used in Deepwep. Governments are struggling to prevent illegal trade.

pratik.korde

newbie

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yes bitcoin is really secure because of the blockchain technology. no one can steal your bitcoin. expect your carelessness. it is very good and safe and secure.

skyline247

hero member

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Bitcoin is the most secure in many ways of all the cryptos. Some offer more security in terms of privacy, but none of their networks are even close to the BTC network!

compro01

hero member

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Bitcoin is still relatively safe currency, because no one can know the identity of the owner of Bitcoin. But as you know, some well-known exchanges are already asking for verification. It's good or it's still hard to say

mitchel_am

member

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Merit: 10

Bitcoin is secure, you have nothing to be worried about. Make sure you never store your wallet address in your PC

Topic: Is Bitcoin really secure? - page 33. (Read 21637 times)