Topic: Is Bitcoin really secure? - page 35. (Read 21637 times)
[Is bitcoin really safe? Of course, I think it is safe.
The way we know that Bitcoin is secure is because a ton of software developers have looked at the source code and frankly a lot of hackers have tried to hack it. Its been around for 9 years now so if it wasnt secure, there would be counterfeit BTC everywhere (and I dont mean BCH, haha). BTC is in fact safer than keeping your money in a bank as long as you use cold storage.
Bitcoin is really secure. The transaction of Bitcoin is also secure because nobody can't ban this.
If you learn and implement all of the security measures, bitcoin is very secure (compared to fiat money). First, it is cryptography, meaning that it is secured by mathematical algorithms that cannot be broken even by the most powerful computers. The only danger that bitcoin can fase is the scams and phishing mechanisms that exist in the market (like computer viruses). To avoid them, the users need to select reliable digital wallets, public and private keys, as well as not share confidential information with any other user. Also, they should avoid operations with unknown and strange ICOs, users, exchanges and pools. Otherwise, bitcoin is very secure! 
No thing on the internet is really secure, bitcoin or other things . Black hackers always renew their abilities to attack any system.
To my mind, Bitcoin is not secure. People get scammed daily to lose their bitcoins.
Full control over your funds
It is often impossible to manage your property without your consent, it is punishable by law. But, as soon as you sold your property, that is, exchanged it for money, new rules come into play. Your money can be managed. Including, it is quite lawful. You can block your bank account, you can withdraw the transaction. Without any notice, invest your money, or give it to someone at interest. Information about the money on the account is nothing more than a record that the bank owes you, you no longer have control over them.
It is often impossible to manage your property without your consent, it is punishable by law. But, as soon as you sold your property, that is, exchanged it for money, new rules come into play. Your money can be managed. Including, it is quite lawful. You can block your bank account, you can withdraw the transaction. Without any notice, invest your money, or give it to someone at interest. Information about the money on the account is nothing more than a record that the bank owes you, you no longer have control over them.
Bitcoin is really secure.
No one have hacked the blockchain till date and this might not happen, because the all the blocks are interlinked and copy of each block resides on multiple computers, so it's not possible. However your wallet can be hacked and Bitcoin can be stolen, wallet security is completely up to you.
If the government of a country bans the BTC (I don't think it would happen) you always have the option trade outside that country.
No one have hacked the blockchain till date and this might not happen, because the all the blocks are interlinked and copy of each block resides on multiple computers, so it's not possible. However your wallet can be hacked and Bitcoin can be stolen, wallet security is completely up to you.
If the government of a country bans the BTC (I don't think it would happen) you always have the option trade outside that country.
Actually, before getting bitcoin, you must have a wallet, the wallet itself is generated through code, and you need to enter a password, pin, or passphrase for you only. to access your wallet. The wallet itself is encrypted that gives you security, so once you have a bitcoin to keep in your wallet, you also need a password or access to send your bitcoin, also your chipoid has its own algorithm, the hacker will have trouble doing it. Get your bitcoin, make sure your wallet is safe
Yeah dude Bitcoin is totally secure and no one can hack it or it will not spam with you. on the other hand your account can be hacked by others if you do any foolish work like showing your password to others.So be aware.
Exactly and you should know the sensitivity of the bitcoin wallet password that it is not something share worthy so no one will be able to hack your account you will have to secure your bitcoin account and don’t let other people know about bitcoin wallet password, for some kind of emergency you can share your password but only with your family not anyone else so, now bitcoin is safe if you are having ability to keep it safe.
No. Online business is not 100% secure. It can inject to hackers mind to do things that not applicable. OL business is more dangerous than actual business.
The main feature of Bitcoin is its security. For now it can not be controlled by any bank. Speaking about blockchain, it is a genius smart system, I think it's impossible to be hacked.
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 you want to keep your bitcoins safely, then buy a hardware wallet. You can be sure that the hackers can't hack your bitcoin if you will use hardware wallet. There are many ways that can help you to secure all of your bitcoinsRecently 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
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 you want to keep your bitcoins safely, then buy a hardware wallet. You can be sure that the hackers can't hack your bitcoin if you will use hardware wallet. There are many ways that can help you to secure all of your bitcoins.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 the most safest. It's even more safe than bank. From my experience in programming i can say that with current technology it cant be hacked. So be at ease when it comes to losing your money to hackers.
there is a huge amount of market so we assume that its secure. but there is no guarantee when you make the money and withdraw.
Bitcoin and blockchain itself is secure. But our wallets are not. Since we can lose our bitcoin by our own carelessness. It can also be hacked if you store your username and password in an unsecured place. But I think hackers cannot hack the blockchain easily since it is encrypted in the system or interconnected networks that process bitcoins.
In the past bitcoin have had history of being hacked and other related security concerns, since it is fully reliant on internet connection which is basically available to all users and even hackers. But this has been answered thru availability of a number of options that promotes security by various types of wallet, may it be online or you can store in a hardware.
Is Bitcoin really secure? very safe for all tips. because in it there is a very sophisticated key.
Bitcoin have threat of hacking but if we compare with traditional Banks,or other financial institution Bitcoin is more secure than rest all.Bitcoin technology is trusted and Blockchain make tit more secure.
To protect our funds just need use more advanced tools of security time to time to minimize the risk of hacking.
To protect our funds just need use more advanced tools of security time to time to minimize the risk of hacking.
Jump to: