Topic: Is Bitcoins safe? - page 65. (Read 90086 times)
No body can touch your coins if you have offline wallet unless they arrest you and seize your laptop!
Your Bitcoin is safe if you create a paper wallet and store your funds, and always backup your wallet.
then Hide your paper wallet
then Hide your paper wallet
bitcoins are actually safe more or less most probably, the only thing that can actually get wrong with it is that the price could drop in a short period of time
The fall in price of bitcoin is not a big issue, if there is growth then sure there will be a fall, Bitcoin is the safest as it has got the option to access the account even if something goes wrong without any special fee or charges.
bitcoins are really safe in my opinion, there actually is no way for the code of bitcoin to be hacked thats why its safe
Is bitcoin safe, yes it is I even think the bitcoin is the safest payment method there is available at the moment, as example paypal accounts are getting hacked very much. Plus bitcoin is secure,fast and untraceable.
PayPal do have relatively good security. However, hacks on PayPal accounts occurs because of bad security practices, just like Bitcoin. Since PayPal payments are easily reversible, it isn't of much interest compared to Bitcoin. With Bitcoin, it is easier to steal if the user doesn't take proper safety security practices.Not just that, but PayPal itself sometimes limits or freezes your account for any invalid or almost no reason at all, where in case of BTC, you are yourself responsible for everything whatever happens with you or your coins...
No, not even such securities are, as they are held by governments, and anything to be held either by Banks or Governments are the most riskiest investments as compared to BTC which is completely decentralized...
Is bitcoin safe, yes it is I even think the bitcoin is the safest payment method there is available at the moment, as example paypal accounts are getting hacked very much. Plus bitcoin is secure,fast and untraceable.
PayPal do have relatively good security. However, hacks on PayPal accounts occurs because of bad security practices, just like Bitcoin. Since PayPal payments are easily reversible, it isn't of much interest compared to Bitcoin. With Bitcoin, it is easier to steal if the user doesn't take proper safety security practices.Not just that, but PayPal itself sometimes limits or freezes your account for any invalid or almost no reason at all, where in case of BTC, you are yourself responsible for everything whatever happens with you or your coins...
bitcoins are actually safe more or less most probably, the only thing that can actually get wrong with it is that the price could drop in a short period of time
Is bitcoin safe, yes it is I even think the bitcoin is the safest payment method there is available at the moment, as example paypal accounts are getting hacked very much. Plus bitcoin is secure,fast and untraceable.
PayPal do have relatively good security. However, hacks on PayPal accounts occurs because of bad security practices, just like Bitcoin. Since PayPal payments are easily reversible, it isn't of much interest compared to Bitcoin. With Bitcoin, it is easier to steal if the user doesn't take proper safety security practices.Not just that, but PayPal itself sometimes limits or freezes your account for any invalid or almost no reason at all, where in case of BTC, you are yourself responsible for everything whatever happens with you or your coins...
It depends on what aspect of safe are you saying.
If talking about currency usage and trading, I would say it is actually the same as using USD. I am not a financial expert, but if you see the condition now, an economic downturn even worse than Great Depression and Great Recession will happen if it is not settled properly. If the FED says that the US is down and bankrupt, maybe bitcoin and commodities like gold will see a steep rise in price. This is called capital flight. In another perspective, if no one believes in bitcoin, the investors will sell bitcoin in a huge amounts, and the price will just plummet. There is no certain way to pridict the market.
For the bitcoin wallet access, you just need to keep your private key private and preferably the key is in a offline hard disk, not on a computer. There are many resources for you to search in the internet to know how to keep your bitcoin wallet safe. Just GOOGLE it
Refer
https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet
https://en.bitcoin.it/wiki/Securing_your_wallet
These are just my opinions ,based on my personal experience and observation.
If talking about currency usage and trading, I would say it is actually the same as using USD. I am not a financial expert, but if you see the condition now, an economic downturn even worse than Great Depression and Great Recession will happen if it is not settled properly. If the FED says that the US is down and bankrupt, maybe bitcoin and commodities like gold will see a steep rise in price. This is called capital flight. In another perspective, if no one believes in bitcoin, the investors will sell bitcoin in a huge amounts, and the price will just plummet. There is no certain way to pridict the market.
For the bitcoin wallet access, you just need to keep your private key private and preferably the key is in a offline hard disk, not on a computer. There are many resources for you to search in the internet to know how to keep your bitcoin wallet safe. Just GOOGLE it
Refer
https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet
https://en.bitcoin.it/wiki/Securing_your_wallet
These are just my opinions ,based on my personal experience and observation.
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 ?
It is not safe to keep all your eggs in one basket. Keep some in Bitcoin and some in something else.Your plan is good. Than keeping some as gold its better to have the investment in property. Bitcoins are safe just because of the technology behind it and the growth it got over the past years
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 ?
Bitcoin is absolutely the safest and pseudo-anonymous currency so far related to your FIAT currency.
Looking at your op I feel that you have some intentions of trading illegal goods since you are highly concerned with FBI freezing your accounts. If thats your intention then I would suggest you to stop doing that in first place. Because just like any regular transaction can be tracked, bitcoin transactions can also be tracked if you scan your savings address on walletexplorer.com
Although they can be mixed via any tumblers but they can eventually be tracked nowadays. Also never post your main address on any forums which can be traced easily on Blocktrail.
Is bitcoin safe, yes it is I even think the bitcoin is the safest payment method there is available at the moment, as example paypal accounts are getting hacked very much. Plus bitcoin is secure,fast and untraceable.
PayPal do have relatively good security. However, hacks on PayPal accounts occurs because of bad security practices, just like Bitcoin. Since PayPal payments are easily reversible, it isn't of much interest compared to Bitcoin. With Bitcoin, it is easier to steal if the user doesn't take proper safety security practices.
Is bitcoin safe, yes it is I even think the bitcoin is the safest payment method there is available at the moment, as example paypal accounts are getting hacked very much. Plus bitcoin is secure,fast and untraceable.
PayPal do have relatively good security. However, hacks on PayPal accounts occurs because of bad security practices, just like Bitcoin. Since PayPal payments are easily reversible, it isn't of much interest compared to Bitcoin. With Bitcoin, it is easier to steal if the user doesn't take proper safety security practices. 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 ?
It is not safe to keep all your eggs in one basket. Keep some in Bitcoin and some in something else.
i think is Bitcoin is safe in my opinion as compare to paper money because no one is stolen your money, you can purchase goods in safe mode
I think the risk of loss due to theft, always there. There are many kinds including a scam site or hackerthey are very clever, send malware into your computer and steal passwords, all the contents of your wallet, will be lost
Actually bitcoin in itself is very safe and the keeping of it is safe also but because it is anonymous to some extent, scammers/thieves/hackers find it an easy target and that makes people think its not safe. But as it gets popular and reputable services start to accept it then these problems will be solved.
I think if you are not sure about bitcoin, you'd better keep it in fiat money
because bitcoin is very volatile. you should be ready with all the possibilities that exist, including losses
1 BTC could be down cost only $ 100, it may be due to fluctuations
so you should know the risks
I agree, safe if not just about the physical security of bitcoin, like the wallet providers, but also include the volatility of bitcoin. If a currency is really volatile that it goes through hyperinflation, it is not safe as well. Bitcoin has reached a steady price, with some fluctuation, but still, better to keep most of your money in fiat and treat bitcoin like an investment.because bitcoin is very volatile. you should be ready with all the possibilities that exist, including losses
1 BTC could be down cost only $ 100, it may be due to fluctuations
so you should know the risks
Let just put it this way. The chances of bitcoin prices going down is greater than the chances of fiat (stable currency) prices going down. Although bitcoin is not as 'safe' in terms of the price, I do agree with all the advantages, so I trust bitcoin to be safe too.
I think if you are not sure about bitcoin, you'd better keep it in fiat money
because bitcoin is very volatile. you should be ready with all the possibilities that exist, including losses
1 BTC could be down cost only $ 100, it may be due to fluctuations
so you should know the risks
I agree, safe if not just about the physical security of bitcoin, like the wallet providers, but also include the volatility of bitcoin. If a currency is really volatile that it goes through hyperinflation, it is not safe as well. Bitcoin has reached a steady price, with some fluctuation, but still, better to keep most of your money in fiat and treat bitcoin like an investment.because bitcoin is very volatile. you should be ready with all the possibilities that exist, including losses
1 BTC could be down cost only $ 100, it may be due to fluctuations
so you should know the risks
Let just put it this way. The chances of bitcoin prices going down is greater than the chances of fiat (stable currency) prices going down. Although bitcoin is not as 'safe' in terms of the price, I do agree with all the advantages, so I trust bitcoin to be safe too.
i think is Bitcoin is safe in my opinion as compare to paper money because no one is stolen your money, you can purchase goods in safe mode
If keeping it safe from being seen by anyone, it is safe, but how long? we never know, bitcoin price moves very fast. I think it should be half fiat and half bitcoin if he want to keep, who knows what the price of bitcoin maybe. and might fall, so its better to be wife, put half in wallet and half in fiat.
because bitcoin is very volatile. you should be ready with all the possibilities that exist, including losses
1 BTC could be down cost only $ 100, it may be due to fluctuations
so you should know the risks
i think is Bitcoin is safe in my opinion as compare to paper money because no one is stolen your money, you can purchase goods in safe mode
I think the risk of loss due to theft, always there. There are many kinds including a scam site or hackerthey are very clever, send malware into your computer and steal passwords, all the contents of your wallet, will be lost
I am using BTC and i dont have any problem and i think it is safe.
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