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Topic: Is bitcoin really secure - page 45. (Read 3111 times)

hero member
Activity: 910
Merit: 501
January 21, 2018, 03:38:04 AM
#47
Nothing is really secure.
And regarding bitcoin, the factor that causes the biggest amount of insecurity is the person who handels it.
There are many mistakes a person can make. Lose the keys, corrupt the computer, make wrong transactions.
Then there is as well the chance that bitcoin decreses in its value.
But from a technical point of view, I think that the code behind bitcoin is very solid.
member
Activity: 66
Merit: 10
January 21, 2018, 03:32:57 AM
#46
I think bitcoin is save. Because you can handle all of your wallet in your smartphone. And, no one know your privacy
full member
Activity: 448
Merit: 232
January 21, 2018, 03:25:13 AM
#45
I think there is no such things that will be totally secure. Of course, various scatters associated with Bitcoin, can happen. Therefore, you need to know some rules in order to protect yourself. Your bitcoin is an incredibly valuable asset, and you need to protect it as reliably as possible using all available tools. This means that you need to make sure that the keys to your bitcoin-wallet - your "passwords" - are in the safest possible place. Learn and understand the basic technology and watch for new developments in the field of bitcoin-services.
newbie
Activity: 14
Merit: 0
January 21, 2018, 03:20:35 AM
#44
Yeah! I think so.. it is secure even though it is not regulated by any organization or any government as long as you will be careful especially in transacting with bitcoin users..
full member
Activity: 427
Merit: 100
January 21, 2018, 03:06:15 AM
#43
If you are talking about secure as in hack-proof then yes no one can hack your wallet. Only way people are scammed is when they visit a phishing website and enter their details on that. Also, fake ICOs or exchanges going bankrupt are the only way Bitcoin can be lost or hacked.

If you are talking on investment wise, then no one can guarantee that it is a good investment to put all your money in it.
hero member
Activity: 2562
Merit: 577
January 21, 2018, 02:57:51 AM
#42
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.,

And tell me, why it wouldn't be? Bitcoin is safe as long as you use it with good purposes, and as long as you are not doing some criminal activities with it.

Bitcoin is money, the same use that you are giving to your US dollars, can be handled with bitcoin too..
sr. member
Activity: 2016
Merit: 283
January 21, 2018, 02:54:11 AM
#41
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 is safe cause no one can detect or track our identity Through our transactions but when it comes to wallets maybe yes its not secure unless you use your private key or you personal information to login in any phising site which is not safe cause phishing site can get our information in simple steps . And that site made by stupid people who want to gain more victim showing some fake proofs and false testimonials so dont easily fall on that stuff mate when you encounter that shit just stay away on it to ensure that your funds is safe. Cause bitcoin is totally safe just be carefull and put your private key in a safe place. 
sr. member
Activity: 602
Merit: 327
Politeness: 1227: - 0 / +1
January 21, 2018, 02:37:39 AM
#40
It only depends on how secured you are in keeping your bitcoins. But Yes, bitcoin is secured. Here's some proof
"All in all, bitcoin is more secure than most existing financial services, including legacy banking platforms like SWIFT, which has been compromised repeatedly by hackers." According to Jeff John Roberts.
Reference http://fortune.com/2017/12/09/how-secure-is-bitcoin-really/
newbie
Activity: 112
Merit: 0
January 21, 2018, 01:44:58 AM
#39
Yes I gues so ,right now bitcoin is the most known cryptocurrency in many country .And also they trusted it in invesent many of them are willing to wait until its price goes up .They invest cause it is a secure crypto .
member
Activity: 336
Merit: 20
January 21, 2018, 01:07:14 AM
#38
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, it is safe and secure . We can see the growth of bitcoins and how it has become part of income for many needful people.
member
Activity: 336
Merit: 11
I am no stable coin. to the mooonn.. and back
January 21, 2018, 12:55:19 AM
#37
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 i believe in bitcoin and also i believe that bitcoin is the most secure digital currency in this world and i don't think there is any reason to doubt their security and honesty.I have been using bitcoin from past few years and have done many transactions almost more than thousands number of transactions have been done by me in this past 5 years. And till now there has been no issues from bitcoin and i find it very useful for me and I think
that after knowing everything about bitcoin in detail it is our duty and responsibility to secure our bitcoins from the hackers and other thefts. There are many ways to secured your bitcoins but i think there are few high secured wallet service also available mainly hardware wallets like Trezor and Nano S which provides the best security for bitcoin and i have been personally using them from quite a time.
sr. member
Activity: 1512
Merit: 316
January 21, 2018, 12:53:26 AM
#36
It is as secure as you make it . If you do some good research on cold wallets and follow the advice you find it is pretty secure. But never forgot what is lost is lost forever.

The only disadvantage I can find is their recovery is not that easy or might take time forever in case if it happens. We have seen so many exchanges claimed to get hacked or btc stolen from their wallet and mostly still not recovered. Thus at individual level it becomes almost impossible. Offline mode is the best option for long term or else go for the best secured wallet online if you do own some small qty only.
member
Activity: 546
Merit: 24
January 21, 2018, 12:27:07 AM
#35
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.,
Of course yes! Bitcoin is secured asset though its transaction fees are too high and it is more volatile than physical asset. I will say that the core network of bitcoin is hard to access even the hackers.
As what I've observed, there is no people that hacked in his bitcoin account.
full member
Activity: 182
Merit: 100
January 21, 2018, 12:17:27 AM
#34
Some people invest some if not all of thier asset in bitcoin.

People who invest some of their money are only playing it safe and doesnt want to go bankrupt when something goes wrong with bitcoin. You`ll never know the come out of bitcoin in a certain day because of its volatility, like we see the other day bitcoin crashes so hard and there were a lot of sell outs.

They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.?

As a term of investment its not quite safe compared to other source of investment, many of the financial analyst say that bitcoin may crash without any warning at all, i do believe this thats why i always trade my bitcoin to fiat from time to time.
legendary
Activity: 966
Merit: 1042
January 20, 2018, 11:39:13 PM
#33
Okay, if you're talking about the fiat value of bitcoin, who the hell knows. But if you own 1 bitcoin and you have good security (cold storage) you're as secure as any bank because they're using the same algo. So. Yeah. It's secure. The price will fluctuate, but look at the trend. Who cares. HODL.
newbie
Activity: 144
Merit: 0
January 20, 2018, 11:37:05 PM
#32
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 is very safe and can be used to store wealth and investment, most importantly you have to protect the key of your wallet.
hero member
Activity: 1400
Merit: 536
January 20, 2018, 11:18:22 PM
#31
So far I have not heard a successful attack on the Blocchain system, but there will always be those who want to steal money where there is money. It has many features that we need to have confidence in the Blockchain system. I think it will be one of the successful inventions of the 21st century.
newbie
Activity: 58
Merit: 0
January 20, 2018, 09:16:45 PM
#30
Ofcourse bitcoin is secured. Before using bitcoin, you need to know what it is and what are these all about so that you have a good understanding about it. It is secured. It is not about the earnings all about, it is also about the knowledge that you will apply.
full member
Activity: 252
Merit: 101
Global Risk Exchange - gref.io
January 20, 2018, 06:42:36 PM
#29
Going all-in is stupid and you shouldn't put your eggs in one basket. Investing in bitcoin because you want to make money and see it grow is almost as stupid but a little less forgivable because we all want this. You should be cheering for the technology not your money because if the technology wins your money will too. Irregardless bitcoin is the safest form of money we have today, it is secured by a highly robust network of computers which actually puts energy into creating a Bitcoin. It isn't created because they want to or on a whim, it is created out of energy therefore each Bitcoin has an actual price behind it.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
January 20, 2018, 06:41:58 PM
#28
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 I think bitcoin is quite safe if you keep and use it well, store your bitcoin in highly recommended wallet and trade on a reputable exchange so everything will be fine. About bitcoin price growth for me is no problem, the price movement of bitcoin is very fast, so I guess there is no problem to invest in bitcoin.
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