Is Bitcoins safe? - page 28. | Bitcointalksearch.org

madwica

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Quote from: freedomgo on July 19, 2016, 12:17:21 AM

Quote from: praprata on July 18, 2016, 05:02:18 PM

Quote from: DixieCrayon on January 08, 2016, 07:22:23 AM

I think is just safe if you have a cold wallet and just have 1 bitcoin in there and just wait for the future if you not planning to make bitcoin your hobby I think that would be safe. But trading with bitcoin you can make profit with it.

Bitcoin is safe to use if you ask me but there is always a change that something goes wrong but that is the case with so many things.
If you do not do stupid things and know what you are doing to prevent something bad happening then you should be good.

Bitcoin is safe in terms of controls in protecting your account/s but as a market as a whole we cannot really determine at the early stage, all of us here are just a pure gamblers who bet and trust the future of bitcoins by putting our investment.

That is true we can not determine if this bitcoin would go last there is possibility to drop down our wallet and take all our bitcoin, but we need to believe that the developers do not do that instead they need to upgrade their system to encourage more investor if they feels that their money is strongly secured in their bitcoin wallet.

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Quote from: praprata on July 18, 2016, 05:02:18 PM

Quote from: DixieCrayon on January 08, 2016, 07:22:23 AM

I think is just safe if you have a cold wallet and just have 1 bitcoin in there and just wait for the future if you not planning to make bitcoin your hobby I think that would be safe. But trading with bitcoin you can make profit with it.

Bitcoin is safe to use if you ask me but there is always a change that something goes wrong but that is the case with so many things.
If you do not do stupid things and know what you are doing to prevent something bad happening then you should be good.

Bitcoin is safe in terms of controls in protecting your account/s but as a market as a whole we cannot really determine at the early stage, all of us here are just a pure gamblers who bet and trust the future of bitcoins by putting our investment.

praprata

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Quote from: DixieCrayon on January 08, 2016, 07:22:23 AM

I think is just safe if you have a cold wallet and just have 1 bitcoin in there and just wait for the future if you not planning to make bitcoin your hobby I think that would be safe. But trading with bitcoin you can make profit with it.

Bitcoin is safe to use if you ask me but there is always a change that something goes wrong but that is the case with so many things.
If you do not do stupid things and know what you are doing to prevent something bad happening then you should be good.

freedomgo

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Quote from: mishra1994u on July 15, 2016, 11:50:39 PM

All of us here expect the bitcoin price to increase and increase in the future.But in bitcoin investment there is always a bit of risk involved.Bitcoin is highly volatile i would love that bitcoin become more stable in the near future after attaining a good price...But i will say yes bitcoin is completely safe

In the first place you have to know and embrace the risk before you invest with bitcoins, there is really a big risk since this currency is still in the early phase and even if we have witness its great price but it could easily fall back.

mishra1994u

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All of us here expect the bitcoin price to increase and increase in the future.But in bitcoin investment there is always a bit of risk involved.Bitcoin is highly volatile i would love that bitcoin become more stable in the near future after attaining a good price...But i will say yes bitcoin is completely safe

goldcoinminer

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Quote from: shane on July 15, 2016, 11:05:55 PM

Quote from: Ravion on July 15, 2016, 05:25:02 PM

There are two different topics here; The safety of bitcoin as an investment, and the security of your bitcoins.

For securing your bitcoins you need to secure your wallets with a strong encryption. Bitcoin is always safe only if it is a safe wallet and safe transaction. Bitcoin is also more transparent than other types of assets.

As an investment, bitcoin is very volatile, so it's better to diversify with other investments.

in my opinion the bitcoin investment also secure too for long term, for people who buying bitcoin in few cent, sure he will says bitcoin is best secure investment way with highest profit

I have a different perception, in investment with bitcoin the longer you keep the more it is riskier and for me that is just fine because I also know that the longer I keep the more the value of bitcoin will increase.

shane

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Quote from: Ravion on July 15, 2016, 05:25:02 PM

There are two different topics here; The safety of bitcoin as an investment, and the security of your bitcoins.

For securing your bitcoins you need to secure your wallets with a strong encryption. Bitcoin is always safe only if it is a safe wallet and safe transaction. Bitcoin is also more transparent than other types of assets.

As an investment, bitcoin is very volatile, so it's better to diversify with other investments.

in my opinion the bitcoin investment also secure too for long term, for people who buying bitcoin in few cent, sure he will says bitcoin is best secure investment way with highest profit

Ravion

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There are two different topics here; The safety of bitcoin as an investment, and the security of your bitcoins.

For securing your bitcoins you need to secure your wallets with a strong encryption. Bitcoin is always safe only if it is a safe wallet and safe transaction. Bitcoin is also more transparent than other types of assets.

As an investment, bitcoin is very volatile, so it's better to diversify with other investments.

serjent05

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Yes bitcoin is safe. According to several information from the internet, it is safe because

central government can't take it away
People can’t steal your payment information from merchants
there are private keys and public keys for your wallet security

agustina2

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Quote from: adibe on July 15, 2016, 02:54:15 AM

Bitcoins is really safe for me. No issue at bitcoin and so far no problem with bitcoin everytime i used it. Maybe the only problem is from the bitcoin wallets and the exchanger itself.

There are some good and safe practices to make our bitcoin safe. A paper wallet is one of them.

And when it comes to exchanges, well we don't really know if they will become fraud but we have no choice since we can't do trades if we will don't use and exchanges.

adibe

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Bitcoins is really safe for me. No issue at bitcoin and so far no problem with bitcoin everytime i used it. Maybe the only problem is from the bitcoin wallets and the exchanger itself.

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Quote from: mobilestrike on July 14, 2016, 05:18:33 PM

Quote from: Farma on July 14, 2016, 10:29:32 AM

Quote from: serjent05 on July 14, 2016, 10:10:31 AM

Bitcoin is safe because first its’s important to remember that bitcoins can’t be counterfeited or duplicated unlike money. Whenever there is someone trying to cheat the transaction, the network will automatically verify it and stop if it is false. The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.

I feel that bitcoin has a system that is very difficult to penetrate. PayPal is now cooperating with Coinbase. it proves that bitcoin is perfectly safe to use. even in terms of deposit bitcoin have large websites with tremendous security system is superb, being made just to save bitcoin that you have, like Coinbase and blockchain

Yeah it is a technology which is hard to penetrate, today paypal is trying to fully adopt bitcoin and in this way one by one all the big companies will join bitcoin and with that bitcoin will get a stronger support and they will work more for making bitcoin more secure currency an one day it will be a global currency.

Because bitcoin is growing as an industry and has the support of the a lot of open minded people we don't need to promote for big companies to adopt with bitcoins anymore, they are slowly adopting due to the identified huge market that would give the the chance to maximize their profit.

Herbert2020

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Quote from: mobilestrike on July 14, 2016, 05:18:33 PM

Quote from: Farma on July 14, 2016, 10:29:32 AM

Quote from: serjent05 on July 14, 2016, 10:10:31 AM

Bitcoin is safe because first its’s important to remember that bitcoins can’t be counterfeited or duplicated unlike money. Whenever there is someone trying to cheat the transaction, the network will automatically verify it and stop if it is false. The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.

I feel that bitcoin has a system that is very difficult to penetrate. PayPal is now cooperating with Coinbase. it proves that bitcoin is perfectly safe to use. even in terms of deposit bitcoin have large websites with tremendous security system is superb, being made just to save bitcoin that you have, like Coinbase and blockchain

Yeah it is a technology which is hard to penetrate, today paypal is trying to fully adopt bitcoin and in this way one by one all the big companies will join bitcoin and with that bitcoin will get a stronger support and they will work more for making bitcoin more secure currency an one day it will be a global currency.

do you have any reference for "paypal fully adopting bitcoin"?! because from what i understood so far from the situation with paypal the only thing that is related to paypal and bitcoin (which not something paypal did by the way) is coinbase adding withdrawal only option for paypal.

are you calling this fully adopting?

mobilestrike

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Quote from: Farma on July 14, 2016, 10:29:32 AM

Quote from: serjent05 on July 14, 2016, 10:10:31 AM

Bitcoin is safe because first its’s important to remember that bitcoins can’t be counterfeited or duplicated unlike money. Whenever there is someone trying to cheat the transaction, the network will automatically verify it and stop if it is false. The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.

I feel that bitcoin has a system that is very difficult to penetrate. PayPal is now cooperating with Coinbase. it proves that bitcoin is perfectly safe to use. even in terms of deposit bitcoin have large websites with tremendous security system is superb, being made just to save bitcoin that you have, like Coinbase and blockchain

Yeah it is a technology which is hard to penetrate, today paypal is trying to fully adopt bitcoin and in this way one by one all the big companies will join bitcoin and with that bitcoin will get a stronger support and they will work more for making bitcoin more secure currency an one day it will be a global currency.

priyotosh

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No, I think, it's definitely not, the price of bitcoin quite volatile.One can gain or loss a huge amount in a very short period.So if we're talking about an asset that offers a stable rate of return, Bitcoin ain't it.

Also, It can be hacked or stolen, so, don't put all of your money in bitcoin or any other crypto currencies.On January 18th, 2016 hackers stolen $6 million USD, equal to 13,00 BTC and 300,000 LTC from Cryptsy’s safe. The hackers inserted a Trojan malware into Cryptsy’s code so that they could access precious information and transfer cyber currencies. Cryptsy is under investigation by a US federal court as it held “hostage” money belonging to its clients. The account holders were in fact denied access or unable to withdraw funds.

So, Bitcoin isn't, definitely not to be treated as a safe.

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Quote from: serjent05 on July 14, 2016, 10:10:31 AM

Bitcoin is safe because first its’s important to remember that bitcoins can’t be counterfeited or duplicated unlike money. Whenever there is someone trying to cheat the transaction, the network will automatically verify it and stop if it is false. The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.

I feel that bitcoin has a system that is very difficult to penetrate. PayPal is now cooperating with Coinbase. it proves that bitcoin is perfectly safe to use. even in terms of deposit bitcoin have large websites with tremendous security system is superb, being made just to save bitcoin that you have, like Coinbase and blockchain

serjent05

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Bitcoin is safe because first its’s important to remember that bitcoins can’t be counterfeited or duplicated unlike money. Whenever there is someone trying to cheat the transaction, the network will automatically verify it and stop if it is false. The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.

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Quote from: GamingBro on July 13, 2016, 04:25:22 PM

If you gonna use it in illegal ways i think it's not safe but for storing money it's very good at my opinion. I have never had any problems with it.

What do you mean by illegal ways ? Are you talking about to place black money here in bitcoin or what ? And yeah people are storing their money here so it is safe to place bitcoins.

Luterwish

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Quote from: freedomgo on July 13, 2016, 08:02:53 AM

Quote from: Zadicar on July 13, 2016, 07:18:50 AM

Yes it is safe when it comes to anonymity of your assets because you can evade tax but the problem would be how you would convert all that big cash into Bitcoin if you really want to do it anonymously. Don't buy through exchanges, I'll suggest to meet some people and buy gradually even though it takes time but safe.

We always think that our investment will be more safer when known by the government but in reality the government are the number one thief that is why the world experience crisis due monopoly of dirty politicians.

And when the government knows about our investment then we are forced to pay taxes on the returns or profits, which is same as stealing the money from us, as most of the governments are corrupted and only very less amount of money goes into the right place where it should have reached.

CryingMidget

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Quote from: krishna1 on July 14, 2016, 04:02:34 AM

Bitcoin is not totally safe for all assests it is only safe if you want to store your money as Bitcoins for future....

How you are saying that bro! bitcoin itself is very safe to use and do payments with, the only thing you have to know is that your wallets can be hacked because of your own faults of course. If you store bitcoins do it in multiple wallets so you won't lose everything at once if you get hacked.

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