Is Bitcoin trusted to put your real money - page 3.

Capradina

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Quote from: Yuuto on October 31, 2016, 04:10:41 AM

Definitely is. Bitcoin is the first cryptocurrency and for that reason I think it is to be trusted. You don't need to trust one person though.

All of that is true, and the bitcoin will remain a reliable and cryptocurrency most widely used everyone. Bitcoin has no reason of policy or the company that manages all the needs or the things that exist in the system, so it can all be done with the most secure way will not change policies that can undermine all the gains we always get

dayaram

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yes, it is safe to put your money in bitcoin, and keep safe your wallet. Means it is too safe if you put your bitcoin in your hardware wallet.

Yuuto

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Definitely is. Bitcoin is the first cryptocurrency and for that reason I think it is to be trusted. You don't need to trust one person though.

Oilacris

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Quote from: Ryananda on October 30, 2016, 03:27:49 AM

If I put some of my money in bitcoin for the purpose of investment. Because I see the price of bitcoin each month continues to increase so I believe I will benefit. But I do it for the short term and usually every month if prices go up I immediately sold it and I transfer to my bank account. Bitcoin is very profitable to me. It is related to the Internet can be hacked, and therefore indispensable to safeguard information security.

Its still a good way to secure yourself on the risk related to bitcoin and its better though to make short trades on bitcoin and you are right bitcoins price do really increase on the the days goes by and you would really gain profits with it even in doing for short term. Bitcoin is a good investment though but we must not fully put all of our assets on it because lossing of money would be always there.

Mastsetad

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Quote from: Ryananda on October 30, 2016, 03:27:49 AM

If I put some of my money in bitcoin for the purpose of investment. Because I see the price of bitcoin each month continues to increase so I believe I will benefit. But I do it for the short term and usually every month if prices go up I immediately sold it and I transfer to my bank account. Bitcoin is very profitable to me. It is related to the Internet can be hacked, and therefore indispensable to safeguard information security.

That could be a good strategy for investors if they just don't become too greedy and do short term trades with bitcoin because in this way someone can earn profits every month if the price is growing, just sell them when the price increases and keep the profits and invest the capital again and repeat the same thing everytime, all you will get will be pure profit.

Darmo Gandoel

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It can be done if you are very careful about exactly where you put your Bitcoin. I think somebody already mentioned that hacking has been a problem, and also you want to make sure you can always access your Bitcoin in a hurry if you need to.

abel1337

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Quote from: lollolloll on October 30, 2016, 09:16:20 PM

Quote from: Jemzx00 on February 10, 2016, 10:19:08 AM

I heard people buying bitcoin using real money..
Is it really good since we all know that everything on internet can be hack or something....
Is bit[Suspicious link removed]d to make your money grow fast or will you just lose all those money??

there is one sentence

if you are not the sole controller of your privekey, you have not even a satoshi of bitcoin

if you don't know what is privekey, please keep away from bitcoin ,too dangerouse.

So if I dont know what is privekey I will stay away from bitcoin? How about the newbie just starting to earn bitcoin? What if they dont know what is privekey will they quit so fast?
Many user of this forum doesnt know what is privekey, Even me didnt know that. I think its privatekey not privekey. Every one here are ones a newbie everything learns

lollolloll

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Quote from: Jemzx00 on February 10, 2016, 10:19:08 AM

I heard people buying bitcoin using real money..
Is it really good since we all know that everything on internet can be hack or something....
Is bit[Suspicious link removed]d to make your money grow fast or will you just lose all those money??

there is one sentence

if you are not the sole controller of your privekey, you have not even a satoshi of bitcoin

if you don't know what is privekey, please keep away from bitcoin ,too dangerouse.

mrcash02

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Quote from: klopcoin on October 30, 2016, 09:11:00 PM

Quote from: emberbekas on October 30, 2016, 03:31:49 PM

Of course, bitcoin is trustworthy. no doubt about it. Whenever I had spare money and bitcoin price looks cheap to me, I would buy some and keep it till the price move up. Bitcoin is the best thing for me nowadays. It can give me extra income and hopefully for more people out there.

Yeah I am agree. The price of bitcoin is rise every time. And also the bitcoin strenght in market is good enough. It will make the price not go down.

It's not 100% trusted. But the actual chances are very good to make profit. BTC price is each day rising more and more, good to see it. Who buys BTC with their real money will surely get some financial return. I hope its price continues going up!

I suggest people to invest their real money in BTCs.

klopcoin

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Quote from: emberbekas on October 30, 2016, 03:31:49 PM

Of course, bitcoin is trustworthy. no doubt about it. Whenever I had spare money and bitcoin price looks cheap to me, I would buy some and keep it till the price move up. Bitcoin is the best thing for me nowadays. It can give me extra income and hopefully for more people out there.

Yeah I am agree. The price of bitcoin is rise every time. And also the bitcoin strenght in market is good enough. It will make the price not go down.

Babayega31

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Quote from: shinratensei_ on October 30, 2016, 08:30:46 PM

Quote from: MingLee on October 30, 2016, 01:27:48 PM

Quote from: voztata on October 30, 2016, 01:14:09 PM

Quote from: genos on October 29, 2016, 11:14:55 PM

Quote from: leowonderful on October 29, 2016, 06:01:36 PM

Quote from: Robertqueen2 on October 29, 2016, 05:53:08 PM

Quote from: 20kevin20 on October 29, 2016, 05:05:09 PM

I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.

All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now.

It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either.

Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment.

Though what you said is true but some bad guys still find their ways into some peoples wallet and still bitcoin, in most cases this used to happen if the bitcoin is stored in an online wallet. For this reason, it is highly important if you keep the highest ppercent of your bitcoin in private wallet to avoid those bad guys.

A private wallet that is also not connected to the internet. It doesn't mean much if the wallet is private; because then there could be someone who gains access to your PC through a Trojan or whatever and steals your money that way. You must keep a wallet offline until you use it, otherwise it is still at risk.

Keep on the online wallet = anytime are sync with the internet = you realized which your amount in the dangerous position anytime.
Your private wallet or desktop wallet = every time can disconnecting to the internet = trust me if the time for your amount in the secure position are much.
all of the risk are come from the internet connection.

It can be trusted all the time, just make sure to it you are using a pc with antivirus in order to avoid disturbance of viruses on your cash out of bitcoin online. Online walle is safe just dont share your private security passcode to stanger if you encounter problems like error on your transaction please ask help to those you can trust because risk in reality is posible to occur not only inthe internet.

shinratensei_

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Quote from: MingLee on October 30, 2016, 01:27:48 PM

Quote from: voztata on October 30, 2016, 01:14:09 PM

Quote from: genos on October 29, 2016, 11:14:55 PM

Quote from: leowonderful on October 29, 2016, 06:01:36 PM

Quote from: Robertqueen2 on October 29, 2016, 05:53:08 PM

Quote from: 20kevin20 on October 29, 2016, 05:05:09 PM

I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.

All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now.

It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either.

Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment.

Though what you said is true but some bad guys still find their ways into some peoples wallet and still bitcoin, in most cases this used to happen if the bitcoin is stored in an online wallet. For this reason, it is highly important if you keep the highest ppercent of your bitcoin in private wallet to avoid those bad guys.

A private wallet that is also not connected to the internet. It doesn't mean much if the wallet is private; because then there could be someone who gains access to your PC through a Trojan or whatever and steals your money that way. You must keep a wallet offline until you use it, otherwise it is still at risk.

Keep on the online wallet = anytime are sync with the internet = you realized which your amount in the dangerous position anytime.
Your private wallet or desktop wallet = every time can disconnecting to the internet = trust me if the time for your amount in the secure position are much.
all of the risk are come from the internet connection.

emberbekas

legendary

Activity: 1904

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Of course, bitcoin is trustworthy. no doubt about it. Whenever I had spare money and bitcoin price looks cheap to me, I would buy some and keep it till the price move up. Bitcoin is the best thing for me nowadays. It can give me extra income and hopefully for more people out there.

MingLee

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Activity: 490

Merit: 520

Quote from: voztata on October 30, 2016, 01:14:09 PM

Quote from: genos on October 29, 2016, 11:14:55 PM

Quote from: leowonderful on October 29, 2016, 06:01:36 PM

Quote from: Robertqueen2 on October 29, 2016, 05:53:08 PM

Quote from: 20kevin20 on October 29, 2016, 05:05:09 PM

I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.

All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now.

It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either.

Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment.

Though what you said is true but some bad guys still find their ways into some peoples wallet and still bitcoin, in most cases this used to happen if the bitcoin is stored in an online wallet. For this reason, it is highly important if you keep the highest ppercent of your bitcoin in private wallet to avoid those bad guys.

A private wallet that is also not connected to the internet. It doesn't mean much if the wallet is private; because then there could be someone who gains access to your PC through a Trojan or whatever and steals your money that way. You must keep a wallet offline until you use it, otherwise it is still at risk.

voztata

hero member

Activity: 998

Merit: 504

Quote from: genos on October 29, 2016, 11:14:55 PM

Quote from: leowonderful on October 29, 2016, 06:01:36 PM

Quote from: Robertqueen2 on October 29, 2016, 05:53:08 PM

Quote from: 20kevin20 on October 29, 2016, 05:05:09 PM

I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.

All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now.

It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either.

Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment.

Though what you said is true but some bad guys still find their ways into some peoples wallet and still bitcoin, in most cases this used to happen if the bitcoin is stored in an online wallet. For this reason, it is highly important if you keep the highest ppercent of your bitcoin in private wallet to avoid those bad guys.

Wandering Soul~

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Activity: 406

Merit: 250

Wolf

Quote from: Jemzx00 on February 10, 2016, 10:19:08 AM

I heard people buying bitcoin using real money..
Is it really good since we all know that everything on internet can be hack or something....
Is bit[Suspicious link removed]d to make your money grow fast or will you just lose all those money??

Yes it is trusted, that's why the number of people buying bitcoins to use as an investment is increasing. However we should not forget that in every investment there is always a risk and so in bitcoin too like price dropping rapidly fast or like what you just said that it can be hacked. Hacking someone's bitcoin is possible but is not easy unless you make it easy for the hacker like putting your coins in an exchange site. With proper care and security you can make your coins stored securely

The safest wallet I think is Hardware Wallet (costs a lot) or Windows Wallet .
I recently tried this android wallet called mycelium wallet. I thinks it's pretty good

betohell

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Activity: 476

Merit: 250

Quote from: genos on October 29, 2016, 11:14:55 PM

Quote from: leowonderful on October 29, 2016, 06:01:36 PM

Quote from: Robertqueen2 on October 29, 2016, 05:53:08 PM

Quote from: 20kevin20 on October 29, 2016, 05:05:09 PM

I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.

All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now.

It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either.

Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment.

I think if you use a lot of security systems in the your bitcoin wallet that your bitcoin ytou save will be safe, bitcoin already provides a secure system for their users

Ryananda

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Activity: 812

Merit: 250

If I put some of my money in bitcoin for the purpose of investment. Because I see the price of bitcoin each month continues to increase so I believe I will benefit. But I do it for the short term and usually every month if prices go up I immediately sold it and I transfer to my bank account. Bitcoin is very profitable to me. It is related to the Internet can be hacked, and therefore indispensable to safeguard information security.

carlerha

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Activity: 588

Merit: 500

Quote from: Invulner on October 29, 2016, 11:56:31 PM

Yes, it is. This trust is established by the whole community but not one person, and is what bitcoin so special as a financial ecosystem. You don't need to trust one person to stay honest, but rather you only need to have faith in immutable lines of code.

yes i also agree that, the number of bitcoin users in increasing and so they are investing their assets here, so it is becoming more and more trusted and reliable. i think people have invested millions of dollars in bitcoin and the reason is that they have fully trust on bitcoin.

the.scientist

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Quote from: Invulner on October 29, 2016, 11:56:31 PM

Yes, it is. This trust is established by the whole community but not one person, and is what bitcoin so special as a financial ecosystem. You don't need to trust one person to stay honest, but rather you only need to have faith in immutable lines of code.

That's a good point. Some people forget that in addition to efficient transactions, bitcoin has a very interesting aspect, which is decentralization.

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