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Topic: Is Bitcoins safe? - page 23. (Read 90108 times)

newbie
Activity: 20
Merit: 0
August 16, 2016, 04:34:32 PM
Bitcoin is volatile, so it is not safe to put your all of your assets into bitcoin.
sr. member
Activity: 434
Merit: 250
August 16, 2016, 06:21:05 AM
All in Bitcoins? I think that you should never put all eggs in one basket.

Why not ? I mean, many people using bitcoin until now and there is no problem on the bitcoin. I think all in on bitcoin is good, the only problem is the price itself.
member
Activity: 123
Merit: 10
August 16, 2016, 05:41:18 AM
All in Bitcoins? I think that you should never put all eggs in one basket.

I have some investments other than the bitcoin. I have investment in the Ethereum, Monero and some other coins.
legendary
Activity: 1218
Merit: 1007
August 16, 2016, 12:34:48 AM
If you are looking for tax evasion then you are not really safe because at some point your ip address can be traced unless you are using vpn, tor etc. I would never keep my 100% assets in bitcoin because no one really knows the future of bitcoin, all we have that is prediction. If you want to invest in bitcoin then you are entering in high risk area and as a thumb rule ‘high risk – high returns, low risks – low returns’ you would end up with either aggressive appreciation or depreciation.
You can't really trace the IP in an aggressive manner through the blockchain unless there's some sort of vulnerability that I'm not aware of that exists within the network. I know it's possible when using online wallets but I would assume it's nearly impossible when using a desktop wallet. Tax evasion is also something I wouldn't recommend, mostly due to any sort of audit from a bank at any point would reveal most of this unless you slowly trickled it into your account.
member
Activity: 70
Merit: 10
August 16, 2016, 12:25:58 AM
All in Bitcoins? I think that you should never put all eggs in one basket.
hero member
Activity: 1190
Merit: 534
August 16, 2016, 12:23:53 AM
If you are looking for tax evasion then you are not really safe because at some point your ip address can be traced unless you are using vpn, tor etc. I would never keep my 100% assets in bitcoin because no one really knows the future of bitcoin, all we have that is prediction. If you want to invest in bitcoin then you are entering in high risk area and as a thumb rule ‘high risk – high returns, low risks – low returns’ you would end up with either aggressive appreciation or depreciation.
legendary
Activity: 1232
Merit: 1000
August 15, 2016, 06:52:09 AM
The bitcoin is very safe I think the bitcoin is one of the best securest currency.
It's secure as long as you take your own steps to make sure that your money remains secure and it doesn't drift into anyone else's hands or get destroyed. Backup wallets, 2FA when available, literally anything available to keep it safe.
I guess we do not need to worry too much about security meliki bitcoin if only in small amounts and remember to never open any link from the email with this way i never find a problem.
if you store in your wallet, by adding some security it can be safe, but if it is in terms of investment bitcoin is not so safe, you can see lately about hackers bitfinex, when it was exchangers great with security and confidence is high, but anything can happen on online investments. so I would say not really safe on all types of investments, currencies and others, it always risk.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
August 15, 2016, 06:47:32 AM
Think of it as a lottery ticket.

There is a very high chance it will amount to little or no value as a currency, but if it does, a lot of money could be made from current prices. I think any "investor" in Bitcoin should be prepared to lose the entire investment as it is a very risky one.

Hope this helps. I personally find it more secure and profitable to invest in startups through a special online fund.

Yeah that is why I think if you are not that ready yet for a high price fluctuation or for a big lose then better not invest all yet. Experience it first then see if it is worth the price of it.
hero member
Activity: 700
Merit: 500
August 15, 2016, 03:40:57 AM
Yes, Bitcoin is safe and there is no issue with this thing. It is fault of exchanges as they are failing to protect the funds by not taking extra security and safety measures. We can say if a bank is robbed this simply doesn't make fiat money unsafe to use. Bitcoin is facility which requires some actions from its users to keep it secure from bad guys eyes.
hero member
Activity: 518
Merit: 500
August 12, 2016, 09:28:38 AM
The bitcoin is very safe I think the bitcoin is one of the best securest currency.
It's secure as long as you take your own steps to make sure that your money remains secure and it doesn't drift into anyone else's hands or get destroyed. Backup wallets, 2FA when available, literally anything available to keep it safe.
I guess we do not need to worry too much about security meliki bitcoin if only in small amounts and remember to never open any link from the email with this way i never find a problem.
legendary
Activity: 2436
Merit: 1008
August 12, 2016, 08:59:42 AM

That is more I like it with bitcoin because it is very safe, only the exchanges are being hacked as I heard in the news but the system of bitcoin are perfectly done. With the millions of people supported bitcoin that would only proved that it is the safest crypto currency.

Actually it's not for being safe that's why millions of people supported bitcoin (well the numbers are really millions?). It has been supported because lots of people earned profits by using bitcoin as an investment.

Safety of bitcoin depends on the user on how they will handle their coins.
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
August 11, 2016, 09:28:10 PM
The bitcoin is very safe I think the bitcoin is one of the best securest currency.

Yes the Bitcoin protocol itself is very safe.
7,5 years old and no one was able to crack it.
Services who use Bitcoin to make business with it, like all those exchanges, however often fail to secure things properly.
That's really disappointing and one of the reasons why we always see these constant setbacks in terms of BTC's value.Pretty frustrating if you ask me.
That is more I like it with bitcoin because it is very safe, only the exchanges are being hacked as I heard in the news but the system of bitcoin are perfectly done. With the millions of people supported bitcoin that would only proved that it is the safest crypto currency.
legendary
Activity: 1442
Merit: 1016
August 11, 2016, 12:55:38 PM
The bitcoin is very safe I think the bitcoin is one of the best securest currency.

Yes the Bitcoin protocol itself is very safe.
7,5 years old and no one was able to crack it.
Services who use Bitcoin to make business with it, like all those exchanges, however often fail to secure things properly.
That's really disappointing and one of the reasons why we always see these constant setbacks in terms of BTC's value.Pretty frustrating if you ask me.
sr. member
Activity: 812
Merit: 256
August 11, 2016, 12:48:00 PM
Bitcoin is the safest payment method there is available at the moment... when you use paypal for a while you know why Wink
sr. member
Activity: 288
Merit: 250
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August 11, 2016, 12:46:47 PM
The bitcoin is very safe I think the bitcoin is one of the best securest currency.
thats true, there is no safer currency than bitcoins at the moment, they are impossible to be stolen if you hold them in a cold storage or trezor
sr. member
Activity: 243
Merit: 250
August 11, 2016, 12:33:46 PM
Well thats a lot of problem when we say bitcoin its safe at our computer without any virus, those wallets must and should be the most safety way to save bitcoin, putting it at online investements, or exchanges will always be at risk, even when the network is very safe, the problem is security our own security issues, since others and now bitfinex issue people need to get real about the risk to loose their coins.
The last case that occurred with bitfinex, because of which collapsed the price of bitcoin have shown the vulnerability of the exchangers, and the fact that each user runs the risk of their coins. Therefore, the purse should be in the flash drive.
legendary
Activity: 1218
Merit: 1007
August 11, 2016, 12:06:13 PM
The bitcoin is very safe I think the bitcoin is one of the best securest currency.
It's secure as long as you take your own steps to make sure that your money remains secure and it doesn't drift into anyone else's hands or get destroyed. Backup wallets, 2FA when available, literally anything available to keep it safe.
sr. member
Activity: 265
Merit: 250
August 11, 2016, 12:03:54 PM
The bitcoin is very safe I think the bitcoin is one of the best securest currency.                                                                                                                                                   
hero member
Activity: 756
Merit: 501
August 11, 2016, 11:50:24 AM
Well thats a lot of problem when we say bitcoin its safe at our computer without any virus, those wallets must and should be the most safety way to save bitcoin, putting it at online investements, or exchanges will always be at risk, even when the network is very safe, the problem is security our own security issues, since others and now bitfinex issue people need to get real about the risk to loose their coins.
legendary
Activity: 2436
Merit: 1008
August 11, 2016, 11:34:13 AM

yeah I think users should start to be careful on any exchange because I think a third party on the internet there is nothing really can be believed
despite the well-known and trusted exchange sites could result in a scam. so my advice is do not keep all your bitcoin in exchange



Well I think the world to be careful is not fit in any point if a person wants to use some exchange to trades bitcoin. Even a popular and a stable one can be fraud in the future so no way we can use that be careful thing.

And besides, I found it not right to do trades if we only have a few amount on that exchange so other's really putting all of their eggs in a particular exchange so that they can take the ride when the price increases.
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