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Topic: Is Bitcoins safe? - page 20. (Read 90089 times)

sr. member
Activity: 322
Merit: 250
August 27, 2016, 01:59:08 PM
Forget about bitcoin and tell me is your computer safe. Are you sure it is not infected by any hacker or any virus? You can never gurrenty it. But i can gurrenty that bitcoin has basically an milletry grade security which is 10times more than your pc.so if someone tried very very hard attack on your computer then only he  can get some chance to see your private key
legendary
Activity: 1218
Merit: 1007
August 27, 2016, 01:55:03 PM
Aside from when your Bitcoin is sitting in a wallet, Bitcoin is the safest form of large money transfer that exists currently. There are very few other methods that (as long as you get the address right) are basically completely unbreakable and keep your money 100% safe while it is being transferred, domestically or internationally.
member
Activity: 70
Merit: 10
August 27, 2016, 01:27:22 PM
Yes, bitcoin is a very safe method for payments, besides of being fast. Of course you need to take security measures and choose a secure wallet.
hero member
Activity: 658
Merit: 500
August 27, 2016, 01:24:28 PM
Yes, bitcoin is safe if you compare with many other payment methods, it is actually one of the safest methods in my opinion.

It was proven to be safe though also proven that there are risk when you get careless about it.  But all in all using it  is safe because of bitcoin feature.  If you are using the right address to send it will always arrive though it might be delayed sometimes but it will surely arrive.  Your identity is safe too since you don't have to fill up any identification form when you download a bitcoin wallet.
I think that depends because inmy country identity is on a government wallet which we use it for buying and selling bitcoins .it requires to fill up my identity .but i think it is safe.but using a unde transactions it is safe for me to use blockchain.
legendary
Activity: 2884
Merit: 1258
Hire Bitcointalk Camp. Manager @ r7promotions.com
August 27, 2016, 01:13:46 PM
Yes, bitcoin is safe if you compare with many other payment methods, it is actually one of the safest methods in my opinion.

It was proven to be safe though also proven that there are risk when you get careless about it.  But all in all using it  is safe because of bitcoin feature.  If you are using the right address to send it will always arrive though it might be delayed sometimes but it will surely arrive.  Your identity is safe too since you don't have to fill up any identification form when you download a bitcoin wallet.
member
Activity: 70
Merit: 10
August 27, 2016, 12:19:46 PM
Yes, bitcoin is safe if you compare with many other payment methods, it is actually one of the safest methods in my opinion.
full member
Activity: 223
Merit: 250
August 24, 2016, 06:47:23 PM

if you use shapeshift.io it's very safe changer, decentralization system make we can hold our purchasing, so we can manage it, but the rate of shapeshift usually not same like other normal changer.

Well every exchanger has it's own different exchange rate because that was business after all.

If you are really looking into quite safe one to purchase coins, it's not wrong if you will try those exchanger that really proven their names in the market although it's not an assurance that it is 100% safe.

If you really like a 100% safe, you can do some meetups in your location based on party's exchange rate deal.
I think as long you not save your coins or money at exchanger it will not be a problem since we do withdraw/deposit every time we want to made a trade.
thats true, i never put my money on an exchange in order for not to have any big problems with my money being stolen
I think that after what happened at bitfinex Exchange, many purses will be on the network side. Desk is the best for storage.
I thought it would be safer if you keep in your bitcoin wallet and not in exchange site? and it would be safe if you avoid anything that smells of third parties or is controlled by a party. because you know yourself with the case bitfinex. no third party can be said to be 100% secure. so you should still be carefull



of course it wouldnt be safe to keep your money on an exchange, thats like keeping your money in the bank, whats the point of bitcoins then?
sr. member
Activity: 588
Merit: 250
August 24, 2016, 10:18:55 AM
It's safe till you are not a rich guy with millions on your wallets and everybody trying to steal your money in different scam ways, so it's safe, yes  Grin
legendary
Activity: 3150
Merit: 1148
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August 24, 2016, 10:11:34 AM

if you use shapeshift.io it's very safe changer, decentralization system make we can hold our purchasing, so we can manage it, but the rate of shapeshift usually not same like other normal changer.

Well every exchanger has it's own different exchange rate because that was business after all.

If you are really looking into quite safe one to purchase coins, it's not wrong if you will try those exchanger that really proven their names in the market although it's not an assurance that it is 100% safe.

If you really like a 100% safe, you can do some meetups in your location based on party's exchange rate deal.
I think as long you not save your coins or money at exchanger it will not be a problem since we do withdraw/deposit every time we want to made a trade.
thats true, i never put my money on an exchange in order for not to have any big problems with my money being stolen
I think that after what happened at bitfinex Exchange, many purses will be on the network side. Desk is the best for storage.
I thought it would be safer if you keep in your bitcoin wallet and not in exchange site? and it would be safe if you avoid anything that smells of third parties or is controlled by a party. because you know yourself with the case bitfinex. no third party can be said to be 100% secure. so you should still be carefull



Since we are owing a valuable coins we should take all the necessary measure to protect it, storing our money in offline wallet is safer that putting in an exchange sites. You only send some money use for trading when you need it and withdraw it back automatically when you are done for the day.
hero member
Activity: 532
Merit: 500
August 24, 2016, 01:45:17 AM

if you use shapeshift.io it's very safe changer, decentralization system make we can hold our purchasing, so we can manage it, but the rate of shapeshift usually not same like other normal changer.

Well every exchanger has it's own different exchange rate because that was business after all.

If you are really looking into quite safe one to purchase coins, it's not wrong if you will try those exchanger that really proven their names in the market although it's not an assurance that it is 100% safe.

If you really like a 100% safe, you can do some meetups in your location based on party's exchange rate deal.
I think as long you not save your coins or money at exchanger it will not be a problem since we do withdraw/deposit every time we want to made a trade.
thats true, i never put my money on an exchange in order for not to have any big problems with my money being stolen
I think that after what happened at bitfinex Exchange, many purses will be on the network side. Desk is the best for storage.
I thought it would be safer if you keep in your bitcoin wallet and not in exchange site? and it would be safe if you avoid anything that smells of third parties or is controlled by a party. because you know yourself with the case bitfinex. no third party can be said to be 100% secure. so you should still be carefull


hero member
Activity: 756
Merit: 502
August 24, 2016, 12:18:23 AM
Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
Its not safe to put all your assets into bitcoins. As we see the attacks of the hackers is happening very often. In terms on permission, i think its depends on you law at your area. Here.in my country, if your involve into crime such as graft and corruption or anything else thet involves money they will freeze all your money. But i think bitcoin cannot be freeze because its decentralize and not handled by banks or any third party.
In generate bitcoin is safe and the only problem is the exchange sites who were not able to properly secure their clients, but that risk can be minimize but doing good measure like not putting all your money online particularly in exchange sites.
That's true, exchange sites are prone to hacking and we have already witness that so we need to take the necessary measure to protect our bitcoins, by storing it in our offline wallet will make it safe and will give us the chance to continue trading and appreciate bitcoin.

you have choice to choose using echanger, why you not trying use decentralization changer like shapeshirt.io ? or you can trade your bitcoin at bitcointalk marketplace then using escrow for secure transaction ?
hero member
Activity: 490
Merit: 520
August 23, 2016, 09:56:50 PM
Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
Its not safe to put all your assets into bitcoins. As we see the attacks of the hackers is happening very often. In terms on permission, i think its depends on you law at your area. Here.in my country, if your involve into crime such as graft and corruption or anything else thet involves money they will freeze all your money. But i think bitcoin cannot be freeze because its decentralize and not handled by banks or any third party.
In generate bitcoin is safe and the only problem is the exchange sites who were not able to properly secure their clients, but that risk can be minimize but doing good measure like not putting all your money online particularly in exchange sites.
That's true, exchange sites are prone to hacking and we have already witness that so we need to take the necessary measure to protect our bitcoins, by storing it in our offline wallet will make it safe and will give us the chance to continue trading and appreciate bitcoin.
Exchange sites aren't necessarily prone to hacking, but they are high-value targets and as such it seems more like there are more hacks when compared to most other websites and similar businesses. Since Bitcoin is relatively untraceable, there is a big incentive to go after those sites. While it is better to keep your Bitcoin off of exchange sites and in wallets that you have control of, sometimes high-speed traders or people looking to make a quick profit will just keep them on the site.
hero member
Activity: 952
Merit: 500
August 23, 2016, 09:43:40 PM
Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
Its not safe to put all your assets into bitcoins. As we see the attacks of the hackers is happening very often. In terms on permission, i think its depends on you law at your area. Here.in my country, if your involve into crime such as graft and corruption or anything else thet involves money they will freeze all your money. But i think bitcoin cannot be freeze because its decentralize and not handled by banks or any third party.
In generate bitcoin is safe and the only problem is the exchange sites who were not able to properly secure their clients, but that risk can be minimize but doing good measure like not putting all your money online particularly in exchange sites.
That's true, exchange sites are prone to hacking and we have already witness that so we need to take the necessary measure to protect our bitcoins, by storing it in our offline wallet will make it safe and will give us the chance to continue trading and appreciate bitcoin.
hero member
Activity: 2926
Merit: 636
August 23, 2016, 09:34:45 PM
Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
Its not safe to put all your assets into bitcoins. As we see the attacks of the hackers is happening very often. In terms on permission, i think its depends on you law at your area. Here.in my country, if your involve into crime such as graft and corruption or anything else thet involves money they will freeze all your money. But i think bitcoin cannot be freeze because its decentralize and not handled by banks or any third party.
In generate bitcoin is safe and the only problem is the exchange sites who were not able to properly secure their clients, but that risk can be minimize but doing good measure like not putting all your money online particularly in exchange sites.
hero member
Activity: 1148
Merit: 500
August 23, 2016, 08:17:13 PM
Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
Its not safe to put all your assets into bitcoins. As we see the attacks of the hackers is happening very often. In terms on permission, i think its depends on you law at your area. Here.in my country, if your involve into crime such as graft and corruption or anything else thet involves money they will freeze all your money. But i think bitcoin cannot be freeze because its decentralize and not handled by banks or any third party.
hero member
Activity: 756
Merit: 501
August 23, 2016, 07:52:08 PM
From the recent attacks on the exchanges recently including what is going on with Bleutrade, I don't think bitcoin is safe to use right now. But that is my opinion. Embarrassed
Just don't put all your eggs in one basket and you will be happy.
thats true, if you are a trader then i highly dont recommend to hold all your bitcoins and trade on one exchange as you might lose a lot of money because of such decision
I think it's different problems. because the exchange is a third party so of course you also have to be careful because the site may be a scam. but the problem is. bitcoin is it safe? because the price of bitcoin is still a consideration for someone to invest in bitcoin. you know that fluctuations



Thanks to bitfinex. Doubts in bitcoin users through wallet exchange goes higher. Now people become aware of this kind of situation. If that didnt happen even me wont loom for another option to keep safe my bitcoin.
yeah it looks like you should be more careful again with exchange sites that do not have a clear address. as it is likely they are to be a scam
you can trade on the exchange sites have a complete and clear data. and do not put all of your money in that site

exchanges are really not safe at the moment though bitcoins itself is a really safe currency that cannot be stolen from cold storage
Lol what do you mean by unsafe? exchange is not the wallet dude? they are usually in exchange sites and got by third parties. you can not say it is not safe because where else we are going to convert my bitcoin? of course there is always a risk, but I think not necessarily all exchange sites unsafe
The same way we wont go into a new store exchange out fiat to the local fiat, we cant make our transactions at houses without reputation and trust, otherwise we would be donating. Bitcoin is very safe and healthy if you ask me, several projects mooving a good number of coins and miners making the bitcoin security.
hero member
Activity: 658
Merit: 500
August 23, 2016, 05:52:42 PM
From the recent attacks on the exchanges recently including what is going on with Bleutrade, I don't think bitcoin is safe to use right now. But that is my opinion. Embarrassed
Just don't put all your eggs in one basket and you will be happy.
thats true, if you are a trader then i highly dont recommend to hold all your bitcoins and trade on one exchange as you might lose a lot of money because of such decision
I think it's different problems. because the exchange is a third party so of course you also have to be careful because the site may be a scam. but the problem is. bitcoin is it safe? because the price of bitcoin is still a consideration for someone to invest in bitcoin. you know that fluctuations



Thanks to bitfinex. Doubts in bitcoin users through wallet exchange goes higher. Now people become aware of this kind of situation. If that didnt happen even me wont loom for another option to keep safe my bitcoin.
yeah it looks like you should be more careful again with exchange sites that do not have a clear address. as it is likely they are to be a scam
you can trade on the exchange sites have a complete and clear data. and do not put all of your money in that site

exchanges are really not safe at the moment though bitcoins itself is a really safe currency that cannot be stolen from cold storage
Lol what do you mean by unsafe? exchange is not the wallet dude? they are usually in exchange sites and got by third parties. you can not say it is not safe because where else we are going to convert my bitcoin? of course there is always a risk, but I think not necessarily all exchange sites unsafe
hero member
Activity: 826
Merit: 502
August 23, 2016, 05:52:02 PM
From the recent attacks on the exchanges recently including what is going on with Bleutrade, I don't think bitcoin is safe to use right now. But that is my opinion. Embarrassed
Just don't put all your eggs in one basket and you will be happy.
thats true, if you are a trader then i highly dont recommend to hold all your bitcoins and trade on one exchange as you might lose a lot of money because of such decision
I think it's different problems. because the exchange is a third party so of course you also have to be careful because the site may be a scam. but the problem is. bitcoin is it safe? because the price of bitcoin is still a consideration for someone to invest in bitcoin. you know that fluctuations



Thanks to bitfinex. Doubts in bitcoin users through wallet exchange goes higher. Now people become aware of this kind of situation. If that didnt happen even me wont loom for another option to keep safe my bitcoin.
yeah it looks like you should be more careful again with exchange sites that do not have a clear address. as it is likely they are to be a scam
you can trade on the exchange sites have a complete and clear data. and do not put all of your money in that site


And if someone want to put some amount of their bitcoins on any exchange then they should have to choose a bigger platform, so that in case of any lose they will be able to accept the lose and will not say just sorry to their members, the trusted and licensed exchange will definitely guarantee for our bitcoins.
sr. member
Activity: 243
Merit: 250
August 23, 2016, 03:47:02 PM

if you use shapeshift.io it's very safe changer, decentralization system make we can hold our purchasing, so we can manage it, but the rate of shapeshift usually not same like other normal changer.

Well every exchanger has it's own different exchange rate because that was business after all.

If you are really looking into quite safe one to purchase coins, it's not wrong if you will try those exchanger that really proven their names in the market although it's not an assurance that it is 100% safe.

If you really like a 100% safe, you can do some meetups in your location based on party's exchange rate deal.
I think as long you not save your coins or money at exchanger it will not be a problem since we do withdraw/deposit every time we want to made a trade.
thats true, i never put my money on an exchange in order for not to have any big problems with my money being stolen
I think that after what happened at bitfinex Exchange, many purses will be on the network side. Desk is the best for storage.
legendary
Activity: 1232
Merit: 1091
August 23, 2016, 03:46:01 PM
In terms of asset-keeping, if it's not that strict on keeping such in your country/place, it is very safe as long as you keep your bitcoins in an encrypted wallet and only you knowing the passphrase. Also, just a friendly reminder, don't ever, ever keep your bitcoins in a third-party services because these services are susceptible of being hacked. In terms of taxation, I don't know how would it be taxed at all.

The only way for the government to tax your Bitcoin holdings is when you are declaring your coins and the profits you made. In reality, I can't see many people seriously doing this. At least, I wouldn't.
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