Is Bitcoins safe? - page 69. | Bitcointalksearch.org

Dotnetin

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Quote from: ObscureBean on December 31, 2015, 02:49:28 AM

Of course Bitcoin isn't safe, you'd be crazy to liquidate your assets and dump the money into Bitcoin. Just ask yourself how you would feel if you wake up one morning only to find that your 2 mil is now worth 700k Cheesy

However if you're operating an illegal and highly profitable business then funneling your profits into Bitcoin is not such a bad idea, the government doesn't yet have the proper system in place to deal with that type of money laundering Wink

The governments might not have such a system to deal with bitcoin money laundering, but if it wants, it will catch you.

lahm-44

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this is the main problem which according to me should be discussed as soon as possible becase most of the people has this question running in their mind . honestly i dont think bitcoin is safe to invest our money . bitcoin has the best technology but its advantages gives born to its disadvantages like anomusity ( sorry about spelling ) this is also a important confustion going on with it . even satoshi has ignored his own currency because he knows something is bad and if the price playes this sea saw then i am sure we are going to losse a lot

lixer

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Quote from: davinchi on January 01, 2016, 07:45:07 PM

Quote from: Snorek on January 01, 2016, 05:16:05 PM

Quote from: takingthis4 on January 01, 2016, 02:58:30 PM

i dont think its safe to keep all your money in bitcoins as its price might drop a lot

It is not safe to keep your money in one bank or invested in one project, company or FIAT currency either. Bitcoin is volatile and every bitcoin user should know that already.
Nobody can guarantee that bitcoin price won't go down as bitcoin is not centrally controlled but I think you can agree so far you could earn from bitcoin a lot more than you will lose.

The investments we are putting into bitcoin also would be safer for assured higher returns. But it would take some long time than what we are imagining. But in long term definitely we can get good returns with the bitcoin. In terms of returns bitcoin is always safe to invest.

I too believe strongly with bitcoin's safety. We can invest into bitcoin as well we can use bitcoin like a currency. In both ways bitcoin must be very much secure. We need not to worry about losing our money when we are storing bitcoin. With the strong cryptography bitcoin ecosystem with secure our investment with bitcoin.

davinchi

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Quote from: Snorek on January 01, 2016, 05:16:05 PM

Quote from: takingthis4 on January 01, 2016, 02:58:30 PM

i dont think its safe to keep all your money in bitcoins as its price might drop a lot

It is not safe to keep your money in one bank or invested in one project, company or FIAT currency either. Bitcoin is volatile and every bitcoin user should know that already.
Nobody can guarantee that bitcoin price won't go down as bitcoin is not centrally controlled but I think you can agree so far you could earn from bitcoin a lot more than you will lose.

The investments we are putting into bitcoin also would be safer for assured higher returns. But it would take some long time than what we are imagining. But in long term definitely we can get good returns with the bitcoin. In terms of returns bitcoin is always safe to invest.

Snorek

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Quote from: takingthis4 on January 01, 2016, 02:58:30 PM

i dont think its safe to keep all your money in bitcoins as its price might drop a lot

It is not safe to keep your money in one bank or invested in one project, company or FIAT currency either. Bitcoin is volatile and every bitcoin user should know that already.
Nobody can guarantee that bitcoin price won't go down as bitcoin is not centrally controlled but I think you can agree so far you could earn from bitcoin a lot more than you will lose.

takingthis4

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i dont think its safe to keep all your money in bitcoins as its price might drop a lot

MaritiJames3

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Having a lot of bitcoins I know it is risky to depend on 1 asset.
Especially since it is so volatile. Therefore i got some stop loss orders and my preferred exchange. This way my potential lost is not a lot.

prodigy8

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Quote from: Financial_Genius on November 28, 2015, 12:45:53 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 think that to free your account they should access you private key,

Or if your wallet is on third party wallets then they can contact that company and freeze your account.

But it's simply impossible to freeze your account if you do not give them the private key, master seed etc.

ObscureBean

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Quote from: 1Referee on December 31, 2015, 05:27:51 AM

Quote from: ObscureBean on December 31, 2015, 02:49:28 AM

Of course Bitcoin isn't safe, you'd be crazy to liquidate your assets and dump the money into Bitcoin. Just ask yourself how you would feel if you wake up one morning only to find that your 2 mil is now worth 700k Cheesy

However if you're operating an illegal and highly profitable business then funneling your profits into Bitcoin is not such a bad idea, the government doesn't yet have the proper system in place to deal with that type of money laundering Wink

If you do it at this point, then your $2 million will increase significantly in value just before the block halving. Then you're not crazy. Wink

In normal circumstances, you have a good point. Especially when people don't know the difference between the bottom and the top at the moment of investing.

Hmmm let's see now, if this is such a sure thing, I'm guessing you're already in the process of selling your house along with everything else you own just so you're able to ride the wave to the max right? Wink

All this to say that Bitcoin is still very much a gamble else everyone would be pouring their hard earned cents into it. If another MtGox incident so much as shows the tip of it's nose, Bitcoin value will drop before you know it.

copperhorse111

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From a legal aspect I think BTC is OK, it's a commodity now in the US and may be taxed etc... but I don't think it will "banned" or "confiscated" anytime soon, from a security aspect it can be safe if hidden and kept in good security "antivirus, offline computers etc..."

1Referee

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Quote from: ObscureBean on December 31, 2015, 02:49:28 AM

Of course Bitcoin isn't safe, you'd be crazy to liquidate your assets and dump the money into Bitcoin. Just ask yourself how you would feel if you wake up one morning only to find that your 2 mil is now worth 700k Cheesy

However if you're operating an illegal and highly profitable business then funneling your profits into Bitcoin is not such a bad idea, the government doesn't yet have the proper system in place to deal with that type of money laundering Wink

If you do it at this point, then your $2 million will increase significantly in value just before the block halving. Then you're not crazy. Wink

In normal circumstances, you have a good point. Especially when people don't know the difference between the bottom and the top at the moment of investing.

Kevin77

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Quote from: ObscureBean on December 31, 2015, 02:49:28 AM

Of course Bitcoin isn't safe, you'd be crazy to liquidate your assets and dump the money into Bitcoin. Just ask yourself how you would feel if you wake up one morning only to find that your 2 mil is now worth 700k Cheesy

However if you're operating an illegal and highly profitable business then funneling your profits into Bitcoin is not such a bad idea, the government doesn't yet have the proper system in place to deal with that type of money laundering Wink

Never ever invest all your money into bitcoin ecosystem. It is many times highly emphasized by many bitcoin veterans. Because bitcoin still in it's testing phase, but highly developing towards reliable and reputable.
But as long as Cryptography is safe bitcoin also safe.

ObscureBean

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Of course Bitcoin isn't safe, you'd be crazy to liquidate your assets and dump the money into Bitcoin. Just ask yourself how you would feel if you wake up one morning only to find that your 2 mil is now worth 700k Cheesy

However if you're operating an illegal and highly profitable business then funneling your profits into Bitcoin is not such a bad idea, the government doesn't yet have the proper system in place to deal with that type of money laundering Wink

EdenHazard

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Quote from: Financial_Genius on November 28, 2015, 12:45:53 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 ?

bitcoin is safe if you do all things related to bitcoin in accordance with security procedures specified by the service provider, such as wallet, exchange, even bitcoin tend to be more secure than credit cards, because I often hear the theft of credit card, but never heard of theft bitcoin and abuse.

turkandjaydee

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I think its easy enough to hide your bitcoin from government.
If you actively spend it, it gonna come out anyway,

hawkins

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if you mean it is safe to use, yes bitcoin certainly safe to use, but if there are regulations in the country are illegal to bitcoin, do you use, because you could be arrested for not complying with regulations

blackmachinegun

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Quote from: zivone on December 21, 2015, 09:32:37 AM

Nothing is safe for investments especially in the internet. You should not invest all your assets in one place. Invest what you can afford to lose. If it goes right then good but if not then you would not lose it all.

you right no one is safe on the internet, you must know the risks that you face
but for bitcoin, I think it is quite safe if you dare to long-term investment

yoona

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Live by your own rules

Quote from: Financial_Genius on November 28, 2015, 12:45:53 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 ?

bitcoin completely safe, even safer than credit cards, but if I were you, I would not invest all my wealth into bitcoin, because I believe there is no perfect system, as well as bitcoin, not always bitcoin will be safe in the future.

Altynbekova

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Why wouldn't it be safe.
Pricewise bitcoin is an asset and yes assets do fluctuate
Techwise bitcoin is software which can be easily protected by using proper safety methods.

samanas

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Quote from: CannedFish on December 20, 2015, 09:34:25 PM

Quote from: TTMNewsMJ on December 17, 2015, 07:24:20 AM

Yes.
It is really safe.
You won't easily lose your money.

Lol, it's not safe to buy Bitcoins right now since the price is going down so rapidly.

The price go up and down so quickly. It is too volatile. But it is still possible to buy and make some profits.

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