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Topic: Is Bitcoins safe? - page 25. (Read 90089 times)

TGD
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August 09, 2016, 01:25:39 AM
Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
After what happened with this trade exchanges will need to think about the security of their funds, which are kept in such places in the network. In general, it is not wise to trust their money to those who have already demonstrated their inability. So bitfinex, I think forever lost its rating.
Yes agree it will never be back the trust they made for the people who got victim of hacks and lost big amount of money, but it's a lesson to us that do not full trust any exchanger , and do not put all your money in exchanger.
full member
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August 09, 2016, 12:40:42 AM
Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
After what happened with this trade exchanges will need to think about the security of their funds, which are kept in such places in the network. In general, it is not wise to trust their money to those who have already demonstrated their inability. So bitfinex, I think forever lost its rating.
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August 09, 2016, 12:31:07 AM
It is totally safe just make sure that you're the only one who knows your password and btc address.  It is safe just make sure that you did not transact using public wifi and on public computer. Aside from that, it is hassle free whenever you want to pay or buy something using your btc as it only needs the address of the recipient.   
That is correct that bitcoin is safe until you are the only who knows your password but it is not advisable to store a lot of money because bitcoin investment is very risky but one thing i like in bitcoin the good services that provides to the users.
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August 08, 2016, 10:28:51 PM
It is totally safe just make sure that you're the only one who knows your password and btc address.  It is safe just make sure that you did not transact using public wifi and on public computer. Aside from that, it is hassle free whenever you want to pay or buy something using your btc as it only needs the address of the recipient.   
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August 08, 2016, 09:15:16 PM
Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
legendary
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August 08, 2016, 08:48:14 PM
of course bitcoin is safe right now, i think that the price of the bitcoin is going to grow a lot in the future so it would be better to invest in it right now
yeah I think if you use bitcoin as a long term investment. certainly bitcoin is a safe investment. because the year bitcoin will definitely grow and prices will also follow
Of course the price is the replicate of the success of bitcoin, with a low price that means bitcoin is not that stable and since the price is increasing that would simply mean that we are going to a good path for success.
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August 08, 2016, 08:18:37 PM
of course bitcoin is safe right now, i think that the price of the bitcoin is going to grow a lot in the future so it would be better to invest in it right now
yeah I think if you use bitcoin as a long term investment. certainly bitcoin is a safe investment. because the year bitcoin will definitely grow and prices will also follow
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August 08, 2016, 07:35:10 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
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August 08, 2016, 07:23:58 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
bitcoin is the safest currency to have right now if you are holding it in your hardware wallet or other cold storage, i think that in this way you can safely hold your coins
sr. member
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August 08, 2016, 06:44:37 PM
of course bitcoin is safe right now, i think that the price of the bitcoin is going to grow a lot in the future so it would be better to invest in it right now
i think you are right, if you hold your bitcoins in a place like cold storage or something like that then it is pretty much impossible for someone to steal your bitcoins
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August 08, 2016, 06:09:11 PM
Bitcoin is good way for investment. That is fact. But cause of bitcoin is crypto currency and it exist on the net - it is not so saved. We all remember a story with Bitfinex. Big number of money was stolen only cause of some hacker could go through the site's security. I think online wallets will never be saved, cause every day appear new and new hacker who can pass all barriers.
Well that in part is not so true.
These online wallets do enable you to put in a 2FA password on your account.
If the user decides not to enable this feature then it is their fault to not put it on in the first place.
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August 08, 2016, 05:36:23 PM
Bitcoin is good way for investment. That is fact. But cause of bitcoin is crypto currency and it exist on the net - it is not so saved. We all remember a story with Bitfinex. Big number of money was stolen only cause of some hacker could go through the site's security. I think online wallets will never be saved, cause every day appear new and new hacker who can pass all barriers.
sr. member
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August 08, 2016, 04:47:19 PM
Of course it is safe because it is decentralized, it is not controlled by anyone so because it is a system operated that the interest of everyone is protected.

Yes, I guess Bitcoin is very safe if you follow the basis rules of keeping your wallet safe. It is an investment also and it is not owned by any country. All these things make it the best Digital Currency.
Since not all countries recognize cryptocurrency, and some even resist its implementation in the financial system, the need for safer solutions to monetize bitcoin.
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August 08, 2016, 04:14:41 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.
Then where would you suggest putting them?
Just holding on to them for life in fear of them getting away from you in investing into the wrong company?
legendary
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August 08, 2016, 04:13:02 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.
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August 08, 2016, 03:54:37 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
sr. member
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Merit: 250
August 08, 2016, 03:11:19 PM
Yes, the bitcoin is a very safe method for payments, plus its also fast.
The only thing you need is a secured wallet, use blockchain or something.
Preserving your bitcoin is safe but if you want to ensure what you have has price, I mean ensure from not decreasing value then bitcoin has some risks.
I think exactly the same as you.
Because I also believe that bitcoins are safe because it is also widely used by many people. So it has to be safe, I think.
Bitcoin is safe to use and you should not focus on the negative because if you do that then it might go wrong.
I have never faced any problems with Bitcoin so if you ask me it is safe to use.
sr. member
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August 08, 2016, 11:33:09 AM
of course bitcoin is safe right now, i think that the price of the bitcoin is going to grow a lot in the future so it would be better to invest in it right now
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August 08, 2016, 11:20:02 AM
As with anything that can be found online, there is a certain level of risk and chance of losing our bitcoin, much the same way our online accounts including social networking, email, online banking are exposed to potential hacking. Even if we are very careful with our passwords and safe-keeping procedures, if a person is so determined to get into your account, that person will find a way to do it. Especially if it contains a huge amount of valuables like information or bitcoins which is of great value itself.

Security is the most important in the digital currency world. The recent hack in the Bitfinex caused 25% price drop.
we can't say which is good or bad just by the security... even though the highly secure banks are being robed.... and hacker can hack even a penny if they want and they can leave 100 of dollar if they dont want to take... so its all depend on luck and your security level... talking about bitfinex, they are not only responsible for price drop there are other factors too
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August 08, 2016, 11:17:52 AM
Of course it is safe because it is decentralized, it is not controlled by anyone so because it is a system operated that the interest of everyone is protected.

Yes, I guess Bitcoin is very safe if you follow the basis rules of keeping your wallet safe. It is an investment also and it is not owned by any country. All these things make it the best Digital Currency.
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