Is Bitcoin trusted to put your real money - page 55.

cluit

legendary

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Quote from: Barcode_ on February 22, 2016, 02:24:14 PM

Yes, of course Bitcoin is trusted, just by taking a look at how much volume of Bitcoins is being traded everyday tells Cheesy

You are right. In a decentralized environment you will have full control of your money but in elecronic format. So, putting in
your real money into bitcoin ecosystem is highly safe.

Barcode_

staff

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Join the world-leading crypto sportsbook NOW!

Yes, of course Bitcoin is trusted, just by taking a look at how much volume of Bitcoins is being traded everyday tells Cheesy

thejaytiesto

legendary

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Bitcoin is the only way to have "safe money". All other forms of money are not safe. Sure, you can have gold in your house, but that's only if you have all of your holdings at home, and you can't do much with gold, beyond local transactions. With Bitcoin you can do operations worldwide. It just has no competition.

Anddos

sr. member

Activity: 378

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What do you mean "real money"? You mean to say bitcoins, right? From what I've read it's safer than a bank, so...

Fademigo

full member

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Quote from: john2231 on February 22, 2016, 09:30:08 AM

I think yes i trusted bitcoin to put our money.. and you can make profit with your money if you buy bitcoins when the price is low..
Just make sure your wallet is safe with 2 factor authentication. and never share your password to anyone..

Do you store the bitcoin online? I do not trust any online wallets. I just store every thing in my own wallet.

Herbert2020

legendary

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Quote from: knowhow on February 22, 2016, 09:00:20 AM

Well several companies made their own wallets providing security to them,some has 2fa others have a seconday password,soo you will loose money if you loose or forgot your passwords.

never trust a third party with your money dude.
no matter how secure they claim to be, there is always a lot of risks involved when using these services. try and learn how to store bitcoin on your own. it is an easy process that you can perform on your own and also there are walkthroughs on the internet if you need any help doing that.

john2231

hero member

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I think yes i trusted bitcoin to put our money.. and you can make profit with your money if you buy bitcoins when the price is low..
Just make sure your wallet is safe with 2 factor authentication. and never share your password to anyone..

kizilsakal

member

Activity: 112

Merit: 10

There is nothing 100% trusted in the world. Anyways, I've been systematically putting some fiat into bitcoin wallets every month. I believe price will increase with the halving and I'll profit a little amount Cheesy

sishendaoye

sr. member

Activity: 434

Merit: 250

Quote from: knowhow on February 22, 2016, 09:00:20 AM

Well several companies made their own wallets providing security to them,some has 2fa others have a seconday password,soo you will loose money if you loose or forgot your passwords.

It is, but you need to look at the value. That is very important. You can invest but there is a risk that you also can lose some money.

I hope later that you will have some profit in the future that you can make. Patience is very important.

lostintranslation

member

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I know it's almost impossible to convince someone to buy something via internet. And that's fair IMO because relying on online information only you can be easily deceived. So you better ask people who you know in real life about their experience with Bitcoin. Also respected sources of information like Forbes for example might help.

novgod

member

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Bitcoin is secure if you use simple paper wallet and don't save that file online. Just print it and store till you want to exchange your bitcoin in it. Talking about growing your money via bitcoin than it depends upon how market will grow in the future, there is no guarantee of loss or profit. But as you can see the current trend is towards profit.

knowhow

hero member

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Well several companies made their own wallets providing security to them,some has 2fa others have a seconday password,soo you will loose money if you loose or forgot your passwords.

jakelyson

legendary

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Quote from: masyari on February 22, 2016, 07:53:13 AM

Quote from: AMR008 on February 22, 2016, 03:40:27 AM

I do believe in exhanging real money to bitcoin. But there are lot of scam sites , one can withdraw bitcoin whenever needed and keep it in a wallet

Like Mtgox ? You just need to be careful. Do not store bitcoin in exchange dude

It is your responsibility to protect your coins because it is your money used to buy it. If you are not trading it, it is better to store it in cold storage than in exchanges or online wallet.

masyari

sr. member

Activity: 333

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Quote from: AMR008 on February 22, 2016, 03:40:27 AM

I do believe in exhanging real money to bitcoin. But there are lot of scam sites , one can withdraw bitcoin whenever needed and keep it in a wallet

Like Mtgox ? You just need to be careful. Do not store bitcoin in exchange dude

tommygunyeah

member

Activity: 106

Merit: 10

of course it is trusted to put real money!! I prefer not large amount of money to be put. A small amount will benefit you as even if there arises certain bans it won't affect you much as you have invested or put small amount.

Kollor

sr. member

Activity: 266

Merit: 250

Yes it is...if you believe and you have seen the bitcoin's progress from the past years, then you might even say that I should have known and invested in bitcoin those years that it started...the only not trusted in bitcoin world are those ponzis and fake exchanges that will give you headache when you are hooked by their bait...

AMR008

full member

Activity: 260

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I do believe in exhanging real money to bitcoin. But there are lot of scam sites , one can withdraw bitcoin whenever needed and keep it in a wallet

ctlaltdefeat

sr. member

Activity: 464

Merit: 250

Quote from: jethrorn99 on February 20, 2016, 09:48:40 AM

I still think that bitcoin still got the chance to get hacked, soo I'll use fiat bank to safe my money.

Even tho you still can get robbed with fiat money...

Everything has a risk, even fiat banks could get hacked easily such as through carding method to suck your money etc.
And i think it's back to ourselves how we react on it . I mean how we keep that bitcoin/fiat money safe . So far bitcoin has stronger security feature than fiat money through "paper wallet".

Lionidas

hero member

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Yes, how else would you get bitcoin if not for putting some money into it to get some to start?

rickadone

legendary

Activity: 1176

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Quote from: lixer on February 22, 2016, 01:40:22 AM

In my experience, investing into bitcoin ecosystem would be much safer than gambling or investing into any HYIP programs. With bitcoin investments our money will be always with us. I would say bitcoin is highly trusted to put our real money always.

Yes your money will be in your control and will get value appreciations over time. It is highly recommended to invest into bitcoin ecosystem as per the previous history of returns from bitcoin investments.

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