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Topic: Is Bitcoins safe? - page 37. (Read 90087 times)

legendary
Activity: 3472
Merit: 10611
June 07, 2016, 03:36:17 AM
bitcoin itself is one of the safest ways you can imagine to have your money like. i mean as a currency. the transaction, the holding and everything about it is safe.

but also bitcoin may not be the safest investment because of the volatile nature of the price, but this has been changing over the past year and bitcoin is reaching a more stable state.
sr. member
Activity: 294
Merit: 250
June 07, 2016, 03:36:16 AM
Bitcoin itself is safe enough and it is really really hard to be hacked(bruteforeced) but the main thing is to the client, how secure/safe is your environment (your pc or your mobile if you are using mobile bitcoin client), try to encrypt the backup wallet data, strong password and try to not get infected by malwares.

Yeah, bitcoin is definitely really hard to be bruteforced. However, if you have a password to your wallet, that makes it way easier for the hacker to gain access to your coins, even without your private key.

There's also brainwallets that have been proven to be insecure in the past. So bitcoin should be safe for now, considering that you have the security measures required.
sr. member
Activity: 364
Merit: 250
June 07, 2016, 03:31:12 AM
Bitcoin have to be safe and the online wallets also because it is now becoming more popular and used as a payment method so it is important that it have to be safe.
But you must also be careful with it because there can be also a moment that you can be hacked.
sr. member
Activity: 350
Merit: 250
June 07, 2016, 03:21:17 AM
I dont know there are allot of people who says that bitcoin is not secured enough but there are also people who liked to pay with it because they trust him so i cant get it some times.
sr. member
Activity: 336
Merit: 250
June 07, 2016, 02:41:00 AM
Your bitcoin is safe unless you invest in a HYIP or cloudmining sites, Your wallet cant be freeze if you do not join any illegal activities that includes your bitcoin wallet
hero member
Activity: 952
Merit: 500
June 06, 2016, 11:09:13 PM
Yes the bitcoin is very safe and I even consider it as one of the safest pay methods available these days plus its also self controllable.

You are right about the fact that its safe but self controllability can also be bad due to the fact that it can let you lose a lot of money.
Its really depending on how you look at it if you think about it.
I just don't get your point self controllable, as far as I know bitcoin is safe because it is decentralized so nobody could steal it from your account. Unless you are being careless and does not exercise proper care of your important details use to access your account/s.
sr. member
Activity: 434
Merit: 250
June 06, 2016, 10:40:24 PM
Yes the bitcoin is very safe and I even consider it as one of the safest pay methods available these days plus its also self controllable.

You are right about the fact that its safe but self controllability can also be bad due to the fact that it can let you lose a lot of money.
Its really depending on how you look at it if you think about it.
sr. member
Activity: 448
Merit: 250
June 06, 2016, 10:13:27 PM
Yes the bitcoin is very safe and I even consider it as one of the safest pay methods available these days plus its also self controllable.
hero member
Activity: 952
Merit: 500
June 06, 2016, 10:00:37 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 ?

I'm not sure what you mean by "safe" , If you mean storing so no one really finds out about them then yes most likely you can do that . But if you mean selling all and buy BTC instead then... no one can be sure about that , price can decrease with time and can increase .. It all depends on many factors such Miners wanting to continue mining (If they see profit) , Supply-demand etc ...
Bitcoin cannot be frozen , and if you hide them I don't see how they will find out about them honestly .

Just want to hide some money. And I dont see, how I can get Bitcoins anonymously.
off course there are allot of ways to keep your bitcoins save but it will always be a computer programmed coin. And that can easily been stolen so dont think he is secured enough he will never be....
Everything in this world can be stolen but you are saying that bitcoins can be easily stolen, I think I will disagree with your statement. Bitcoins is very safe and has been tested through times and now more people are even adopting so that alone would prove that it is trusted and safe.
sr. member
Activity: 363
Merit: 250
June 06, 2016, 11:29:05 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 ?

I'm not sure what you mean by "safe" , If you mean storing so no one really finds out about them then yes most likely you can do that . But if you mean selling all and buy BTC instead then... no one can be sure about that , price can decrease with time and can increase .. It all depends on many factors such Miners wanting to continue mining (If they see profit) , Supply-demand etc ...
Bitcoin cannot be frozen , and if you hide them I don't see how they will find out about them honestly .

Just want to hide some money. And I dont see, how I can get Bitcoins anonymously.
off course there are allot of ways to keep your bitcoins save but it will always be a computer programmed coin. And that can easily been stolen so dont think he is secured enough he will never be....
sr. member
Activity: 298
Merit: 250
June 06, 2016, 11:15:03 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 ?

As long as you keep your coins secure in a cold storage wallet, you're pretty much guaranteed to retain those coins forever. Bitcoins won't rot, they won't suddenly disappear from your wallet, nor can a person freeze your money.

So the department can never freeze your funds, but it is possible for them to somehow interrogate you out of your private key.
Bitcoin have to be safe and it is also still used by a lot of people so it have to be safe otherwise not everyone will use it and Bitcoin is important for the world.
And you can even see now that the value of Bitcoin is rising slowly so they can earn profit soon.
sr. member
Activity: 364
Merit: 250
June 06, 2016, 10:53:45 AM
Nope, everything in investment part is risky. But I still didnt know what you mean the term of "safe". can you make it more clearly?  Smiley
Yeah if you decide to invest in something there is always a risk that comes with it. There is always a chance that it will go wrong with the company that you invest in and that you will lose your money.
newbie
Activity: 56
Merit: 0
June 06, 2016, 01:40:45 AM
It is still not safe enough, but it will.
hero member
Activity: 952
Merit: 500
June 05, 2016, 09:40:06 PM
Nothing is a 100% safe including banks, bitcoins, and the building you are living in.
From an objective point of view, bitcoins seem riskier than gold. The instability of it is dangerous even if it can rise to levels. There can be better altcoins than bitcoin that would go to the moon.
The possibility could happen but with bitcoins it is already tested through times and it's the father of all the altcoins around so the any movement of the bitcoin would certainly affect the altcoins, on the other hand in terms of investment I agree that gold are safer but that is form long term investment while bitcoins you can maximize your earnings if you are good in trading.

I would say the best investment is neither but land and property, as we can see, Gold has been in a consistent decline from its peak of $1800s and it doesnt look like it will end here with banks issuing gold paper bonds and the likes. Bitcoin comes after Property in terms of investment growth, however for stability i agree gold or property are the safest.
It also depends but if you treat bitcoins as an investment, for me it has more room to grow your investment that just buying a property that would subject for depreciation and if you can notice bitcoins is still at its early stage so we don't know yet what price would it peak. I really find investing in bitcoins is a profitable way yet more riskier but I am willing to take more risk for more profit.
hero member
Activity: 518
Merit: 500
The blockchain is the future
June 05, 2016, 08:16:22 PM
Nothing is a 100% safe including banks, bitcoins, and the building you are living in.
From an objective point of view, bitcoins seem riskier than gold. The instability of it is dangerous even if it can rise to levels. There can be better altcoins than bitcoin that would go to the moon.
The possibility could happen but with bitcoins it is already tested through times and it's the father of all the altcoins around so the any movement of the bitcoin would certainly affect the altcoins, on the other hand in terms of investment I agree that gold are safer but that is form long term investment while bitcoins you can maximize your earnings if you are good in trading.

I would say the best investment is neither but land and property, as we can see, Gold has been in a consistent decline from its peak of $1800s and it doesnt look like it will end here with banks issuing gold paper bonds and the likes. Bitcoin comes after Property in terms of investment growth, however for stability i agree gold or property are the safest.
hero member
Activity: 952
Merit: 500
June 04, 2016, 10:21:48 PM
Nothing is a 100% safe including banks, bitcoins, and the building you are living in.
From an objective point of view, bitcoins seem riskier than gold. The instability of it is dangerous even if it can rise to levels. There can be better altcoins than bitcoin that would go to the moon.
The possibility could happen but with bitcoins it is already tested through times and it's the father of all the altcoins around so the any movement of the bitcoin would certainly affect the altcoins, on the other hand in terms of investment I agree that gold are safer but that is form long term investment while bitcoins you can maximize your earnings if you are good in trading.
legendary
Activity: 3136
Merit: 1233
Top Crypto Casino
June 04, 2016, 08:56:09 PM
Nothing is a 100% safe including banks, bitcoins, and the building you are living in.
From an objective point of view, bitcoins seem riskier than gold. The instability of it is dangerous even if it can rise to levels. There can be better altcoins than bitcoin that would go to the moon.
hero member
Activity: 518
Merit: 500
The blockchain is the future
June 04, 2016, 08:54:47 PM
Nothing is a 100% safe including banks, bitcoins, and the building you are living in.
hero member
Activity: 574
Merit: 500
June 04, 2016, 08:51:11 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 ?

As long as you keep your coins secure in a cold storage wallet, you're pretty much guaranteed to retain those coins forever. Bitcoins won't rot, they won't suddenly disappear from your wallet, nor can a person freeze your money.

So the department can never freeze your funds, but it is possible for them to somehow interrogate you out of your private key.
legendary
Activity: 1526
Merit: 1001
June 04, 2016, 06:31:00 PM
Bitcoin itself is safe enough and it is really really hard to be hacked(bruteforeced) but the main thing is to the client, how secure/safe is your environment (your pc or your mobile if you are using mobile bitcoin client), try to encrypt the backup wallet data, strong password and try to not get infected by malwares.
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