Is Bitcoin really secure? - page 60.

imyashir

copper member

Activity: 448

Merit: 110

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

100% bitcoin is really secured, It's just right that you put your bitcoin on. in other words do not store bitcoins on exchanger simply because you do not hold your private key. use the Paper wallet or wallets to hold your private key so your bitcoin can be safe and hackers do not fall prey to it.

Blockchain, the distributed ledger technology underlying bitcoin, may prove to be far more valuable than the currency it supports. But it’s only as valuable as it is secure. As we begin to put distributed ledger technology into practice, it’s important to make sure that the initial conditions we’re setting up aren’t setting us up for security issues later on..read more

Christian13

full member

Activity: 227

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

In my opinion yes it is secure, If you are using myether wallet then you will notice that the codes is super incripted and it was very impossible to gues or to decript that's why bitcoins is really secured and your coins cannot be stolen from you. and I like Bitcoin because it is very trustworthy. Bitcoin will show us the bright path in the future. So I think Bitcoin investment is really incomparable. I believe in Bitcoin, because I have benefited a lot.

coin_maker

newbie

Activity: 238

Merit: 0

Well,the security of bitcoin is really good. Actually proper security of btc is depends on you, how you keep your btc.

For proper security ,you can use a hardware wallet.

GraciousBanshee47

newbie

Activity: 79

Merit: 0

I think it's very much secure and relatively the safest coin compared to alts. However, it's still possible to hack it especially with the upcoming Quantom Comps.

siddu67

full member

Activity: 392

Merit: 106

Yes bitcoin is the most secure cryptocurrency.We can trust bitcoin without any doubt.No one can hack it until you visited any kind of phishing site or did any foolish work like telling your password to others.

alexsandria

sr. member

Activity: 896

Merit: 268

★777Coin.com★ Fun BTC Casino!

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

For me, I think no because we all know a lot of issues according to bitcoin and the mostly issue we know is all about wated or missing money which i actually idea somehow is that bitcoin is secure but no that has a well and very secued. So for me as of today bitcoin isn't secure.

sudzee2196

newbie

Activity: 23

Merit: 0

Yes Bitcoin is the most secured cryptocurrency in the market right now and no one can scam u unless u do some foolish stuff!

burnhardzx1

member

Activity: 83

Merit: 10

NYXCOIN - The future of Investment and eCommerce

bitcoin is very secure for people you can understand it. hacking bitcoin itself is almost impossible because of blockchain technology. people who is saying that bitcoin is not safe dont understand it..

futuris

newbie

Activity: 42

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

Bitcoin is safer than existing financial instruments that are familiar to us. Safer and more reliable than VISA, Paypal or any bank in the world.

boakyei

member

Activity: 358

Merit: 11

Generalizing hacking of bitcoin into one is erroneous. Some bitcoins are on cold storage, others on online wallet, others on exchange. It will be complete impossible for a hacker to break into all this storage and steal bitcoins. If online exchanges, then it must be careless on the behalf of the exchange, but recently, all exchanges are very secured.Cold wallet I think is impossible. The only way hacker can steal bitcoins is I think disclosing your online wallet password .

hamdun

newbie

Activity: 144

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

Bitcoin is safe and do not worry too much if bitcoin is stolen, bitcoin slit is so tight that it is difficult to steal it. I think that makes the insecure bitcoin is its own user.

Saidmod

sr. member

Activity: 659

Merit: 250

Quote from: harbin55 on December 30, 2017, 07:41:27 AM

Yes of course. In fact the company of bitcoin is legal company which their existence is recognize by the government and all operations they held is supported also by the government;
from this you are assured that bitcoin is secure and not a fraudulent scam company.

I believe that bitcoin is secure but I disagree that it is being supported by government. Actually government support may either be an advantage and disadvantage for bitcoin transactions.
In terms of wallet,bitcoin is secured. Also, security dont depend on bitcoin itself but itvdepemds on the person how he or she will use it with others.

qwertyuiop0987654321

full member

Activity: 185

Merit: 100

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.

You can make anything secured if you are not careless enough. Thus, Bitcoin can be secured through your care. We can't say that it is not secure. Security of anything is in your own hands.

sempak

hero member

Activity: 1638

Merit: 505

Quote from: harbin55 on December 30, 2017, 07:41:27 AM

Yes of course. In fact the company of bitcoin is legal company which their existence is recognize by the government and all operations they held is supported also by the government;
from this you are assured that bitcoin is secure and not a fraudulent scam company.

For companies and legality it is true that bitcoin in some countries has support from the government but there are also those who reject the existence of bitcoin. for example right now in my country indonesia which government still not support bitcoin

zemb

member

Activity: 168

Merit: 11

Yes of course, because there is not enough computing power to break the encryption. This could change in the future with quantum computing, but for now, it's secure. There are a lot of people in the field of encryption researching this technology and trying to break the encryption somehow, but so far none succeeded.

harbin55

sr. member

Activity: 615

Merit: 258

Yes of course. In fact the company of bitcoin is legal company which their existence is recognize by the government and all operations they held is supported also by the government;
from this you are assured that bitcoin is secure and not a fraudulent scam company.

iamryan

newbie

Activity: 196

Merit: 0

Bitcoin is very secure, security attached to a wallet which is required for sole ownership of Bitcoin makes it more secure than any other currency in the world.

The wallet is encrypted and it can only be accessed by a code bearer and in it resides a Bitcoin.

Govt cant banned bitcoin , lot of country already restricted but still there buy/sell bitcoin regularly . its a open sources no one can stop it

pusa aso

member

Activity: 207

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

i am a new comer thats why i still do not know if my bitcoin will be secure but in my real opinion and for the help of my higher members i will listen to their advise so that my bitcoin will not hack...

DunnDy

member

Activity: 132

Merit: 12

Bitcoin is so polished that we shouldn't worry about its security. Scams aren't possible till 51% attack so we don't have to be afraid about they. Furthermore, the government won't ban BTC because of one simple reason. Too many users would show their madness if there was a ban of Bitcoin. They certainly would attack a government to unban BTC.

ridho002

full member

Activity: 340

Merit: 100

If it's not safe why people are investing in bitcoin. Logically it is like that, it is certain bitcoin is very safe, no one will be able to steal your coins unless you own a careless password and your private key.

Topic: Is Bitcoin really secure? - page 60. (Read 21626 times)