Topic: Is Bitcoins safe? - page 76. (Read 90086 times)
Bitcoin is safe , I think.
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 ?
All of your assets in bitcoins? It depends on your computer security and the market price. Nobody can freeze your bitcoin. The bitcoin market price fluctuates, it will go up and down. Its' safe from confiscation from any party, be it criminals or the government, as long as you can keep your private key secret.
If you mean the price bitcoin is not safe. Maybe now is stable, but who knows about the future if bitcoin will still here or not.
I hope it will be here. But always have a back up. Because Bitcoin is not that safe after all.
I hope it will be here. But always have a back up. Because Bitcoin is not that safe after all.
Noone can guarantee you that the price of BTC won't fall.. In the end.. its an investment like any other.
Not all investment can give high ROI like Btc can give.
This has nothign to do with how safe it is. The goal of bitcoin is transactions, then we need a stable price.
WIthout it, it will be hard for it to be considered stable.
ive seen it all now, someone with a name 'Financial Genius' asking such stupid question.... 
Noone can guarantee you that the price of BTC won't fall.. In the end.. its an investment like any other.
Not all investment can give high ROI like Btc can give.
Well.. If u do it right, government can't and won't find out anything about ur Assets in BTC.
Store them in several Paperwallets and ur mostly done.
Noone can guarantee you that the price of BTC won't fall.. In the end.. its an investment like any other.
Store them in several Paperwallets and ur mostly done.
Noone can guarantee you that the price of BTC won't fall.. In the end.. its an investment like any other.
Truth be told, it really isn't. Bitcoin is a fluctuating currency. If When quantum computers are invented, Bitcoin will either have to up it's cryptography, or die out. If there is a new cryptography being introduced to Bitcoin, the price will be highly affected when people get the idea that bitcoin has to keep changing into their head. I'd say keep your investments in fiat unless your local currency is worse than Bitcoin, which I highly doubt.
Investment in FIAT is totally waste, it will reduce your buying power.If not bitcoins, try real estate (Choose the best land in the best city)
Safety regarding value of Bitcoin is on the positive side; from our current 'stance' (plm 350 USD) we'll probably go up (maybe a little, maybe gigantic) but as said before, a total collapse also cannot be ruled out. All-in on crypto could mean extreme wealth in the future for you or utter financial devestation. Its like gambling, you see 
Also, you better not store your coins on an exchange; there's always the possibility they disappear with your money/crypto ... !
Also, you better not store your coins on an exchange; there's always the possibility they disappear with your money/crypto ... !
Truth be told, it really isn't. Bitcoin is a fluctuating currency. If When quantum computers are invented, Bitcoin will either have to up it's cryptography, or die out. If there is a new cryptography being introduced to Bitcoin, the price will be highly affected when people get the idea that bitcoin has to keep changing into their head. I'd say keep your investments in fiat unless your local currency is worse than Bitcoin, which I highly doubt.
If you want to hide some money from your government than bitcoin can be safest way to store. But buying bitcoin anonymously is quite hard, you may post ad in localbitcoins and say you will deliver cash in some place where seller can pick it up. In this way you don't have to reveal even your email to seller. 
bitcoin is relatively safe, in the long term, don't look at the short term, plenty of manipulation going one, bitcoin need still plenty of time to grow
when everything about its problems will be settled, i beliave you will see the real usage of it, big merchants are waiting that after all, no reason for them to not accept bitcoin
when everything about its problems will be settled, i beliave you will see the real usage of it, big merchants are waiting that after all, no reason for them to not accept bitcoin
I wouldn't say bitcoin is safe in the long term. Imagine someone bought bitcoins at 1000$ and after a few years they find out the price is at 300$, do you consider that safe? Of course not because it's not.
my definition of long term wasn't 2009-2013, but 20 years like satoshi proclaimed with his quote, so the last ath does not count anything at this point, wait for 2030 and if by then you still have to overcome the loss about the 1200 ath then you might be right
No department can freeze or take over your Bitcoin account. When dealing with Bitcoin usually you are your own worst enemy. The number of people who got their money stolen compared to the people who were careless and lost them would be like 1:50.
Nope, everything in investment part is risky. But I still didnt know what you mean the term of "safe". can you make it more clearly? 
bitcoin is relatively safe, in the long term, don't look at the short term, plenty of manipulation going one, bitcoin need still plenty of time to grow
when everything about its problems will be settled, i beliave you will see the real usage of it, big merchants are waiting that after all, no reason for them to not accept bitcoin
when everything about its problems will be settled, i beliave you will see the real usage of it, big merchants are waiting that after all, no reason for them to not accept bitcoin
I wouldn't say bitcoin is safe in the long term. Imagine someone bought bitcoins at 1000$ and after a few years they find out the price is at 300$, do you consider that safe? Of course not because it's not.
Well unfortunately, this someone has bought on the top of the bubble and that's what happens to the bubbles, they do burst.
Bitcoin is relatively safe and it ain't going nowhere but up in my opinion! Of course, caution is obligatory.
As for the OP's problem, $600 is a lot of money to invest and if you need it to be anonymous as well, you will have to work hard to get it done. There exist the people that get these kinds of amounts for other people. You have to find them!
No one should be keeping any more than a very modest percentage of their wealth in BTC. The potential is there for massive success or total disaster.
How do you define the total disaster? I know that this system is still in toddler shoes, with little little to no testing done on it (just comparing, to events of the future.). However if there was a disaster on bitcoin we could just fork off the chain before the disaster happened. So far this system has been proven to be the most robust system in the whole world. There is no shortage of people trying to brake it, to unlock pretty much unlimited wealth for themselves. However I agree that there is no telling what the future will bring.I think what he meant with total disaster is the price going really low, imagine 10$, you bought 100 bitcoins at 300$ and now they are worth 10$, you will still have some money left but basically you lost everything and this can happen, we have seen bitcoin going from 200 to 400 in a matter of hours, the same could happen but in reverse so unless you have the bitcoins in an exchange ready to sell at ''x'' amount to avoid loses you wont benefit from having bitcoins
Yes.
It is really safe.
Just believe on bitcoin.
It is really safe.
Just believe on bitcoin.
However I agree that there is no telling what the future will bring.
Indeed. All of this hinges on faith and trust. Forking is far from the ultimate save if a lot of people's money has already gone up in smoke. I don't think those who'd lost would be coming back for seconds and those watching from the sides would take it as excuse enough to never bother.
A fatal technical flaw is a long shot indeed but it is a possibility.
No one should be keeping any more than a very modest percentage of their wealth in BTC. The potential is there for massive success or total disaster.
How do you define the total disaster? I know that this system is still in toddler shoes, with little little to no testing done on it (just comparing, to events of the future.). However if there was a disaster on bitcoin we could just fork off the chain before the disaster happened. So far this system has been proven to be the most robust system in the whole world. There is no shortage of people trying to brake it, to unlock pretty much unlimited wealth for themselves. However I agree that there is no telling what the future will bring.
No one should be keeping any more than a very modest percentage of their wealth in BTC. The potential is there for massive success or total disaster.
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