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Topic: Is Bitcoins safe? (Read 90051 times)

hero member
Activity: 714
Merit: 531
October 17, 2016, 09:13:16 PM
It's safer than USD and other global currencies but not safer than Gold, Silver etc. Bitcoin is anonymous and that is great, but it can fail anytime. Gold instead, will always be available on our world. It's never going to finish.
I am not agree that safer that USD and other global currencies, real talk i am not against in bitcoin instead i love this but bitcoin is not truly safe we do not have insurance here every time bitcoin can be disappear without notice.
legendary
Activity: 1134
Merit: 1597
October 17, 2016, 05:15:44 PM
It's safer than USD and other global currencies but not safer than Gold, Silver etc. Bitcoin is anonymous and that is great, but it can fail anytime. Gold instead, will always be available on our world. It's never going to finish.
hero member
Activity: 882
Merit: 544
October 17, 2016, 04:55:04 PM
It is not safe to invest all of your assets to bitcoin mate since price is very volatile. Government or any agency cannot affect your account and they don't need any permission to freeze your money since they can't do it. In short you are free when you are using your bitcoin and government can't do a thing on your money, they can't freeze it and they can't even know how much you have.
hero member
Activity: 1148
Merit: 527
October 17, 2016, 04:09:26 PM
yes there is no doubt about this that bitcoin is a safe investment and that is the reason that i have invested more than my 70% assets in  bitcoin.

Though bitcoin is considered safe but it is not really 100% safe, because it is a digital currency at the end no matter how strong it is or how large its community is, but it still has some demerits and price drops is one of them, but i feel believing it wont disappoint you for long run.
No, bitcoin is 100% safe if you are very much sure about your encryption. Bitcoin ecosystem will be safe as cryptography itself safer at least until quantum computers to be invented.
The safety of our bitcoin is truly dependent on our encryption levels. If you have strong password, you can have peace of mind like not worrying about the safety of bitcoin ecosystem and your bitcoins.
sr. member
Activity: 672
Merit: 250
October 17, 2016, 02:08:13 PM
yes there is no doubt about this that bitcoin is a safe investment and that is the reason that i have invested more than my 70% assets in  bitcoin.

Though bitcoin is considered safe but it is not really 100% safe, because it is a digital currency at the end no matter how strong it is or how large its community is, but it still has some demerits and price drops is one of them, but i feel believing it wont disappoint you for long run.
newbie
Activity: 14
Merit: 0
October 17, 2016, 01:38:35 PM
yes there is no doubt about this that bitcoin is a safe investment and that is the reason that i have invested more than my 70% assets in  bitcoin.
Its  not complete safe hence  the word itself  mean 100% no risk  if we  intend to say safe. As we all know bitcoins price is too volatile and we wont  know  on what would be the  price on the  future even  thinking on the price of tommorow because anytime  it could rise or fall. 70% in your assets  is somehow a crazy thing to do  for me.

The bitcoin price is quite volatile at the moment. That is becasue not many people use it, it is mainly a speculation tool.
legendary
Activity: 3080
Merit: 1131
October 17, 2016, 11:10:37 AM
yes there is no doubt about this that bitcoin is a safe investment and that is the reason that i have invested more than my 70% assets in  bitcoin.
Its  not complete safe hence  the word itself  mean 100% no risk  if we  intend to say safe. As we all know bitcoins price is too volatile and we wont  know  on what would be the  price on the  future even  thinking on the price of tommorow because anytime  it could rise or fall. 70% in your assets  is somehow a crazy thing to do  for me.
member
Activity: 95
Merit: 10
October 17, 2016, 07:43:57 AM
yes there is no doubt about this that bitcoin is a safe investment and that is the reason that i have invested more than my 70% assets in  bitcoin.
full member
Activity: 196
Merit: 100
October 17, 2016, 06:52:12 AM
you can not find anything safer that bitcoin in the whole world in the sense of security that bitcoin offers with all the cryptography and the cold storage if you do it right.

but as far as price goes, bitcoin is not yet at the point where you can call it safe as in an always stable  price with little fluctuation. but the good news here is that bitcoin has been on the right track to become that safe investment with little fluctuation in price.

I am sure that in the future Bitcoin will play a big role. And the price for it will grow. At the expense of the security of course it is not yet clear. After all, there is a lot of fraud
Yeah you are right that bitcoin will be play important role in the future and i also hope that bitcoin will be increase its price too higher amount and if we hold our bitcoin for the future then i hope that we will be get a huge profit from bitcoin.
hero member
Activity: 812
Merit: 500
October 17, 2016, 06:07:37 AM
i think bitcoin safe if you have knowledge in price movements in bitcoin and you keep quiet when there is something in bitcoin. it will be safe

When bitcoin came since when it is a safe sound way for any investment or trading. No body doubt in it, Because now a huge people are using it and all of them have trust on it, if we see this thread in the start than we know on one is here who is again of bitcoin, even everyone is praising the bitcoins. 
And you are right saying if we know the price movements of bitcoin than we can earn money.   
hero member
Activity: 2912
Merit: 556
October 17, 2016, 05:54:08 AM
you can not find anything safer that bitcoin in the whole world in the sense of security that bitcoin offers with all the cryptography and the cold storage if you do it right.

but as far as price goes, bitcoin is not yet at the point where you can call it safe as in an always stable  price with little fluctuation. but the good news here is that bitcoin has been on the right track to become that safe investment with little fluctuation in price.

bitcoin is really safe and maybe the safe is we can use for many purpose not depending of the time and the place we were live. but for the price i think its get up and down depend from the market.
sr. member
Activity: 448
Merit: 250
https://saturn.black
October 17, 2016, 05:38:31 AM
you can not find anything safer that bitcoin in the whole world in the sense of security that bitcoin offers with all the cryptography and the cold storage if you do it right.

but as far as price goes, bitcoin is not yet at the point where you can call it safe as in an always stable  price with little fluctuation. but the good news here is that bitcoin has been on the right track to become that safe investment with little fluctuation in price.

I am sure that in the future Bitcoin will play a big role. And the price for it will grow. At the expense of the security of course it is not yet clear. After all, there is a lot of fraud
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
October 17, 2016, 04:20:43 AM
you can not find anything safer that bitcoin in the whole world in the sense of security that bitcoin offers with all the cryptography and the cold storage if you do it right.

but as far as price goes, bitcoin is not yet at the point where you can call it safe as in an always stable  price with little fluctuation. but the good news here is that bitcoin has been on the right track to become that safe investment with little fluctuation in price.
newbie
Activity: 28
Merit: 0
October 17, 2016, 03:48:14 AM
In some way is more safe than paper money that can be damaged very easy.
hero member
Activity: 952
Merit: 500
October 16, 2016, 10:50:03 PM
i think bitcoin safe if you have knowledge in price movements in bitcoin and you keep quiet when there is something in bitcoin. it will be safe

Of course it will be safe if you would just keep quite if you have a big amount and pretend that you have nothing... Coz if you always told everyone about your savings then probably you are always in their eyes... But anyway, I think it is safe to keep atleast few of your assets to bitcoin since I haven't heard any regulation about bitcoin here in where I live, so probably your assets will be safe from taxes...  Smiley
That's better that bank in that aspect as we cannot divulge our personal information in bitcoin, no one will know that we are holding a big amount of money because of the anonymous feature of bitcoin, but as a market as a whole it cannot be considered as safe.
global moderator
Activity: 2310
Merit: 1176
While my guitar gently weeps!!!
October 16, 2016, 09:34:01 PM
i think bitcoin safe if you have knowledge in price movements in bitcoin and you keep quiet when there is something in bitcoin. it will be safe

Of course it will be safe if you would just keep quite if you have a big amount and pretend that you have nothing... Coz if you always told everyone about your savings then probably you are always in their eyes... But anyway, I think it is safe to keep atleast few of your assets to bitcoin since I haven't heard any regulation about bitcoin here in where I live, so probably your assets will be safe from taxes...  Smiley
sr. member
Activity: 476
Merit: 250
October 16, 2016, 09:22:51 PM
i think bitcoin safe if you have knowledge in price movements in bitcoin and you keep quiet when there is something in bitcoin. it will be safe
full member
Activity: 224
Merit: 100
October 16, 2016, 08:55:46 PM
to me bitcoin is really safe and that is the reason that i am investing a lot of my assets in bitcoin, we can also see that more and more people are entering in the world of bitcoin and they are also investing their money here in bitcoin that is making bitcoin more stronger and reliable.
you are right that bitcoin is safest currency or investment and i also want invest my all money in bitcoin because a lot of people adopting bitcoin day by day and bitcoin is really going to stronger currency than other currency so i hope it will be much more profitable for us in the near future.
I think you should still be careful though many people say that bitcoin has a bright future but still there will be no one who knows about the future, so it is better not to take risks by using all your money to invest. although bitcoin safe but you should know that prices go up and down, and may be down for a long time?



Yeah, investing all your assets in bitcoin is not a good thing. Since the developer can dump its price up to 1 if he likes to. So just put some capital that you want to grow but not that much so when time comes that the bitcoin is dead. You will not regret to loose all your assets. Just put what you can afford to loose. And another thing. After you double your investment , you can withdraw your capital right away and yoy can just circulate the profit.
legendary
Activity: 1372
Merit: 1008
October 16, 2016, 08:13:58 PM
to me bitcoin is really safe and that is the reason that i am investing a lot of my assets in bitcoin, we can also see that more and more people are entering in the world of bitcoin and they are also investing their money here in bitcoin that is making bitcoin more stronger and reliable.
you are right that bitcoin is safest currency or investment and i also want invest my all money in bitcoin because a lot of people adopting bitcoin day by day and bitcoin is really going to stronger currency than other currency so i hope it will be much more profitable for us in the near future.
I think you should still be careful though many people say that bitcoin has a bright future but still there will be no one who knows about the future, so it is better not to take risks by using all your money to invest. although bitcoin safe but you should know that prices go up and down, and may be down for a long time?

legendary
Activity: 2100
Merit: 1058
October 16, 2016, 03:31:02 PM
In my point of view, Bitcoin is safe as long you put your
btc in a private wallet. It is secure but its good to not put
all your money in one online wallet. Thus, all are risks,
abd dont put your eggs in one basket.

The thing that makes bitcoin a little unsafe for someone new to it is the market price of it, but not the security of its wallet, because the price of bitcoin if rises then it drops as well so if someone invests in it in order to earn profits out of it and it drops the price somehow and stays stable there the investor would probably start panicing, though it recovers again in long run.

I agree that the market around bitcoin especially the investment area is a bit unsafe for the beginner.  There are many scam company that take advantage of the innocence of their audience and trigger their greed to jump into their scheme. Then when this scam company have enough, they run with the funds and leave their investor hanging.
Yes, around bitcoin there are lot of thing that impact on bitcoin's reputation but that does not mean any doubts on bitcoin's safety. Bitcoin is always safer to hold and to invest more. For user's mistake, a system will not be responsible in my opinion.
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