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Topic: Is bitcoin really secure - page 42. (Read 3111 times)

hero member
Activity: 1274
Merit: 622
January 29, 2018, 10:10:25 AM
Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
Bitcoin itself is secure if you keep an eye on the price, at least more secure, than some doubtful banks, which can at any time say "sorry, we're bankrupts and we wasted all your money, so bye-bye". The only thing you should worry about is whether your wallet is safe, but if you own a hardware wallet, I think the chance that you'll get robbed is not more than the chance that someone will stick up the bank, where you're storing your savings.
member
Activity: 308
Merit: 17
January 29, 2018, 09:30:34 AM
whether it is safe or not depends on yourself - sometimes a carelessness that allows someone else to know your private key from a wallet account that we have, of course, that makes bitcoin very insecure. but bitcoin systems can be quite safe because bitcoin is a system that until now can not be traced by any party. so I think what you should do for the security of the bitcoin itself can be realigned of course you should never make a carelessness that will cause your bitcoin assets will be in retas by other parties.
legendary
Activity: 2968
Merit: 3684
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January 29, 2018, 09:23:40 AM
Yeah,bitcoin is really secured when compared to fiat currency,by means of getting stolen,by means of transaction over internet.But is is really not secured by means of it value.

Do you think so? Because I started to hear about hacked everywhere which is really insecure for us. And the number is not small, more than a million if you convert it. And they are not hack for some people like us who is really depends on a little bit profit from trading, most of the hacker always aim big bait which can really harm us. You can see recent updates about coincheck which has been hacked

Don't confuse security systems getting compromised with the security of the Bitcoin network.

The hacks (purported or legitimate) you read about have absolutely nothing to do with the security of Bitcoin itself. When an exchange is hacked, that means someone infiltrated their systems, and stole data from there that let them access wallets. Almost all the hacks you read about which result in the loss of Bitcoins has either been due to compromised networks or successful phishing attacks on individual users (where hackers steal data such as private keys or passwords).

Theoretically, of course Bitcoin isn't 100% foolproof... but it would be economically unfeasible for anyone to launch any kind of attack in an attempt to "hack" the network. And this unfeasibility increases by the day as more miners and nodes come in to secure the network.

There have been (correct me if I'm wrong) certain exploits successfully carried out in Bitcoin's early years... here's the 2010 "value overflow incident": https://en.bitcoin.it/wiki/Value_overflow_incident.
sr. member
Activity: 700
Merit: 251
January 29, 2018, 09:21:34 AM
Bitcoin surely is secure, and it's proved that it's trustworthy. And it's safe of course, except all other conditions like hacking and such, but if we can protect our bitcoin properly, then it's safe.
Although so, i don't recommend people to sell all of their assets just to invest in bitcoin, because as we know the price is very fluctuacting, and now it's even really low compared to before.
Nobody knows what will happen, but we need somehing to keep on if something bad happen, so we shouldn't sell everything and depend on bitcoin only.
full member
Activity: 448
Merit: 122
January 29, 2018, 09:14:24 AM
Bitcoin is highly secured even more secured than most of the financial institutions we have, most times we hear of banks being harked into by hacker's and even robbed by robbers but that is almost impossible in the bitcoin network. Since bitcoin invention there is no record of harking into it and you and I know bitcoin can not be robbed by arm men's. The only way any one can lose his or her bitcoin is when you review your details to another person or sending bitcoin to a scammer if not bitcoin is very secured.
legendary
Activity: 1078
Merit: 1000
January 29, 2018, 09:04:05 AM
Yeah,bitcoin is really secured when compared to fiat currency,by means of getting stolen,by means of transaction over internet.But is is really not secured by means of it value.

Do you think so? Because I started to hear about hacked everywhere which is really insecure for us. And the number is not small, more than a million if you convert it. And they are not hack for some people like us who is really depends on a little bit profit from trading, most of the hacker always aim big bait which can really harm us. You can see recent updates about coincheck which has been hacked
staff
Activity: 3206
Merit: 575
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January 29, 2018, 08:18:39 AM
It mostly depends on the user and the method he used to secure his bitcoin wallets and personal devices, It would always be better to avoid downloading software that looks suspicious as they might contain malware or key logger that are able to steal your personal details and log in information to your bitcoin wallets.
member
Activity: 266
Merit: 10
January 29, 2018, 07:56:05 AM
Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
 I think and i really assure  that bitcoin is safe and safer than banks because it has the most strong security system so that even a small account of bitcion could'nt be hacked by anyone else. I know that it is safer  than anything else because in any transaction here in bitcoin is safe and thier was no possibilities to make it scam and it is safer than any bank because bank can be haćked even how safer it is.
hero member
Activity: 1008
Merit: 540
January 29, 2018, 07:44:26 AM
#99
Bitcoin is much secure compare to the other banks or business that keeps and gives money. It has the high measurement and standards wherein you cannot easily gather some infos or identity that can harm your account.
hero member
Activity: 924
Merit: 511
January 29, 2018, 07:24:46 AM
#98
Bitcoin was specifically invented to be used anonymously with highest security and to comsume less processing time, undoubtedly these merits are still existing when using bitcoin. It also depends how secure your wallet is, for more privacy, you might be interested in hardware wallets which allows you to carry bitcoin as well as altcoin in your pocket wnywhere
sr. member
Activity: 406
Merit: 255
January 29, 2018, 07:00:03 AM
#97
Bitcoin and all other currencies may not be completely safe. You feel safe when you use only Fiat money? This is a mistake. Hackers breaking any accounts. What prevents them to break electronic access to your Bank account? In most cases, the cause of hacking is the owner of the account. We used to entrust the responsibilities of our protection on other people. You have forgotten that better than you about you no one will care.
newbie
Activity: 1
Merit: 0
January 29, 2018, 06:55:00 AM
#96
this depends upon what do you really mean by secure. if you are worried of someone hacking your account then you should know that bitcoin has been studied in detail and it is believed by experts to be secure.in short,if you are looking for a safe investment, bitcoin is a real secure forum
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
January 29, 2018, 06:42:31 AM
#95
It is very secure because it has the system which no one can hack because of the strong encryption that it has and the only thing that makes it not secure is the wallets and the other ways to store bitcoin that makes it not secure because if there will be hackers that will see the vulnerability then they can easily penetrate it and bypass it.
hero member
Activity: 994
Merit: 502
January 29, 2018, 06:25:05 AM
#94
I do not think Bitcoin is completely safe. I think we should not invest all in Bitcoin, hackers can still grab them if we are loopholes. So, the best way is not to disclose passwords and keys to anyone. Besides, take steps to secure your account and constantly change your password. Doing so will help your property not be lost to hackers or anyone else
Agreed, bitcoin is not cent percent secure. With different levels of security framework we can make it secure than what it is at the present. However hard we keep it secure, more people try to evade through hacking techniques because of the increased value.
sr. member
Activity: 484
Merit: 250
January 29, 2018, 06:13:10 AM
#93
I do not think Bitcoin is completely safe. I think we should not invest all in Bitcoin, hackers can still grab them if we are loopholes. So, the best way is not to disclose passwords and keys to anyone. Besides, take steps to secure your account and constantly change your password. Doing so will help your property not be lost to hackers or anyone else
member
Activity: 238
Merit: 15
--=oOo=--
January 29, 2018, 06:07:10 AM
#92
Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
Yes, bitcoin currency is very secured and safe. if you send bitcoin to another user, no one knows where the transactions come from. But I think the most important is to make sure that your wallet is more secure because if your wallet has no private key it can be accessed by hackers. so I suggest you to use wallet has private key.
hero member
Activity: 735
Merit: 500
January 29, 2018, 05:04:50 AM
#91
bitcoins are safe, the only downside is the prices, because bitcoin values are unstable. The only thing you have to worry about is hackers, hacking your btc wallet, please be careful on phishing sites, you can find preventive measures in the net, and please don't give your email on anonymous persons.
Bitcoin are secured with a high degree of encryption, close to that of the military. No one can pay you money or make a payment on your behalf. Bitcoin can give you full control over your money and a high level of protection against many types of fraud.
full member
Activity: 392
Merit: 106
January 29, 2018, 04:54:47 AM
#90
Same question but different currency, does fiat is safe and secure in the hands of our banking system and free from corruption from within the greedy officials to employees inside. There is no such assurance with that, same with bitcoin but the responsibility and obligation to make it totally safe is your own. You can’t blame anyone but yourself if you’re not careful in handling it.
full member
Activity: 658
Merit: 106
January 29, 2018, 04:23:45 AM
#89
Bitcoin is really secured. The transaction system is very fast and nobody can track this.Even government can't track its transaction.

That's the reason why, i want to say that bitcoin is secure when it comes to send ( transact ) to others because like you said nobody can track where you send your fund. But when it comes to account, it's depend on how you managed or keep your information about your account and how would you keep it safe for the hacker.
member
Activity: 266
Merit: 10
January 29, 2018, 03:19:58 AM
#88
Coincheck Inc., a Tokyobased cryptocurrency exchange, said Friday that 523 million units of a virtual currency called NEM disappeared due to unauthorized access by someone outside the system. It said the missing cryptocurrency all belonged to the exchange’s customers and was valued at ¥58 billion, or about
$530 million.  Shocked
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