Topic: Safe with bitcoin? (Read 1963 times)
Like, in actuality, your wallet should be gotten. Bitcoin makes it conceivable to move esteem anyplace in an exceptionally simple manner and it permits you to be in charge of your cash. Such extraordinary highlights additionally accompany incredible security concerns. Simultaneously, Bitcoin can give extremely undeniable degrees of safety whenever utilized effectively.
It's important to evaluate how likely it is that BTC is overtaken by another crypto when wondering how safe you are with bitcoin.
So, how likely is it that BTC is overtaken?
Short answer: Null in the near future, possible in the next few years
Long answer: The closest the market has come to flipping BTC as majority was June 18, 2017 when BTC's dominance fell to 37.84% with ETH coming in at 31.17%.
The next closest times were Jan 14 and May 6, 2018: BTC 32.81% vs ETH 18.78% and BTC 36.03% and ETH 17.29%.
Fast forward a few years to today:
BTC 44.38% vs ETH 18.46%.
Because ETH and BTC's prices are often correlated, it would be extremely surprising if ETHs price climbed massively while BTC stayed stagnant, unless one of them got a boost.
As I've seen noted in other threads, the highest chance of a flip would be a nonBTC currency having a massive technical development and being used in a widespread way: so lets say post ETH 2.0, ether gets picked up by a major payment network...then we may see a flip.
So, how likely is it that BTC is overtaken?
Short answer: Null in the near future, possible in the next few years
Long answer: The closest the market has come to flipping BTC as majority was June 18, 2017 when BTC's dominance fell to 37.84% with ETH coming in at 31.17%.
The next closest times were Jan 14 and May 6, 2018: BTC 32.81% vs ETH 18.78% and BTC 36.03% and ETH 17.29%.
Fast forward a few years to today:
BTC 44.38% vs ETH 18.46%.
Because ETH and BTC's prices are often correlated, it would be extremely surprising if ETHs price climbed massively while BTC stayed stagnant, unless one of them got a boost.
As I've seen noted in other threads, the highest chance of a flip would be a nonBTC currency having a massive technical development and being used in a widespread way: so lets say post ETH 2.0, ether gets picked up by a major payment network...then we may see a flip.
Yes, at the moment this is one of several options to safe your funds
I agree with you, because in my opinion Bitcoin is a good investment and of course Bitcoin is very safe to be used as an investment compared to altcoin, because the price of Bitcoin will definitely continue to increase and give you a lot of profit in the future, so I'm sure you won't disappointed to invest your money in Bitcoin and of course your funds will be safe.
Hello everybody. I agree with people who write a very simple truth that does not require proof that Bitcoin is still very far from mass adoption. Of course, if they came up with a scheme for the mass use of Bitcoin, like online payment of ordinary bank plastic cards, it would be very cool. But while bank cards are doing very well, Bitcoin clearly needs to be two steps ahead in serving the masses. In the meantime, it's even too early to talk about security with Bitcoin, if only to talk about security in the era of a pandemic.
actually it can be done and many want to do it, but the problem is that not all countries recognize bitcoin as a legal medium of exchange. Obviously this will make what will be facilitated clearly useless, as you would say if you can make payments online by card. many have published it, but the problem is that it only occurs in certain countries, it can be used and cannot be used as a whole.If such an event is clear, the card issuer will not want to do it because it will obviously suffer losses because there is no convenience for bitcoin users in other parts of the world other than where the card was issued. Obviously everyone will delay and will not want to use it otherwise it is easy to do it in another place and the publisher will also lose money and certainly will not want to do that. no one wants to lose every time they publish anything for the sake of convenience.
Bitcoin is very safe platform. It is safe as any other platform that you uses in daily life. For the first time everything needs a try. So it is more safer than anything. 
Hello everybody. I agree with people who write a very simple truth that does not require proof that Bitcoin is still very far from mass adoption. Of course, if they came up with a scheme for the mass use of Bitcoin, like online payment of ordinary bank plastic cards, it would be very cool. But while bank cards are doing very well, Bitcoin clearly needs to be two steps ahead in serving the masses. In the meantime, it's even too early to talk about security with Bitcoin, if only to talk about security in the era of a pandemic.
Yes, at the moment this is one of several options to safe your funds
I agree with you, because in my opinion Bitcoin is a good investment and of course Bitcoin is very safe to be used as an investment compared to altcoin, because the price of Bitcoin will definitely continue to increase and give you a lot of profit in the future, so I'm sure you won't disappointed to invest your money in Bitcoin and of course your funds will be safe.
People can actually use credit cards in such period we are having now. But there are still many people who prefer using paper money instead. Then, I also think that it's a good opportunity to help more people know about cryptocurrencies and the places they can use them.
That is good advice to apply when a pandemic is sweeping the world, but in some cryptocurrency countries the regulations for cryptocurrencies are still unclear so online sellers cannot implement payments via bitcoin if government regulations are still unclear.
And for now there are many shuttle services to buy goods or food using money within the country
And for now there are many shuttle services to buy goods or food using money within the country
In terms of investing and trading or holding bitcoin is not safe, it is risky because the value of it is volatile. Good for you if the value continuously increasing, what if not. And the good thing about bitcoin in this time of pandemic, you can buy and pay bills and expenses without touching any money that can possibly acquired covid-19 thru fiat. We have to be careful to our transactions. We can't tell who is the carrier of the said virus. So bitcoin is the best to use it now.
Reserving assets in bitcoin is very risky but safety. If you have enough liquidities then you should save your dollars for your wife and children. One can stakes his Bitcoin if he had more interesting in staking.
This is a very good plan when we are faced with a pandemic like this, this is one of the options that makes sense to me. but in reality it is certainly not as simple as theory imagines. because I'm sure there will be a lot of obstacles when starting something like this like who is the developer? we know this can happen but of course there must be pioneers who make this real instead. in addition, the permission of the government should also be questioned because there are a lot of governments that ban bitcoin. other than that this is only reserved for bitcoin holders only so I think it will not be very effective because there are a lot of people out there who still do not even know what bitcoin is
In this pandemic period, many people have met Bitcoin and started using it. And it's really great for Bitcoin to be adopted even faster than ever. More people are making investments into it and using it while buying something also. And like you indicated, it's much safer compared to fiat.
In this you are right, especially the rate of remittances between countries increased, in Latin American countries the volume shown is higher, especially in localbitcoins.com, many are operating with btc because their fees are not as high as shown in western union, paypal, although the toughest competition is with zelle, some seek to change to other currencies to avoid fees.
Today we are experiencing a virus and that is the coronavirus or the NCov19 that is becoming pandemic immediately in just a single week and today there are a lot of people still going outside even there is a quarantine. The reason why? They need to go outside just to buy foods and things they need and also pay their bills they are prone to the virus also the virus can now be attached to the tangible things like money if they are already infected and touch the money with the virus it is rapidly spreading immediately. And today it is good to introduce the use of cryptocurrency or the bitcoin using online payment because it is more faster and secured they don't need to go outside too to pay other things they need and it is better if we are spreading those information so they can now made online payment and let's stop spreading of virus.
I absolutely believe that it is true to be safer with the use of bitcoin. With bitcoin, there is no exchange of currency notes which makes it safer to perform transactions.
However, you should know that you do not necessarily need bitcoin to do this. There are several online payment options that do not require the use of currency notes. There are also several bank apps that can used to make transactions.
If you'd ask me, I'd say it's rather too expensive to spend bitcoin on things like food and daily needs. Bitcoin, as it were, is an asset more than it's a currency. It's better used as an investment option.
There are already online cash downloadable in any phones. There is no need for crypto to be involve in regular online transactions such as this. Though it would be nice to have, but not necessarily. We can just use the regular fiat online money for our regular needs, and crypto for different unique transactions such as trading etc.
Online payment is the answer to avoid the spread of the virus and bitcoin is so good for international transactions due to fast of the transaction between parts, becurse there are few businesses accept bitcoin in some country none of it at all, So they need to base on other online payment methods like Paypal,advcash skill, etc although some are not fast enough but are the only way for the current situation.
The pandemic beings a lot of changes to the life of many people, we are very careful to this virus and the best thing to avoid it is just by staying at home so what if we need to go outside to pay bills or to complete your transactions, cryptocurrency would be the answer for that problem, as we can use cryptocurrency for online payment with faster transaction compared to the traditional ones, we just only need to consider some different things like the company has the feature of crypto payment. 
When the world is hit by a corona virus pandemic, of course, people must take care of their health so they don't get infected, therefore in my opinion using online payment methods is a good way to break the chain of spreading the virus.
But unfortunately in my country currently very few merchants accept payments using bitcoin because they are very afraid of the restrictions issued by the government.
But unfortunately in my country currently very few merchants accept payments using bitcoin because they are very afraid of the restrictions issued by the government.
it will indeed feel easy but it doesn't seem like it will be as simple as imagined considering that for now it is indeed bitcoin and the crypto world is starting to boom but there are still many people who don't know this, maybe even when compared to many who don't know more than those who know about bitcoin, I think I did this. this can be done only for people who already know, already understand and already have assets in bitcoin. besides that there are several countries that prohibit their people, in this case we already know that bitcoin is prohibited. so it will be very taboo when the state and government prohibit it but we use it to transact.
I doubt any thing has changed during this pandemic. It's not like all merchants are now accepting bitcoin or anything. It is still the same as pre pandemic. Those who are hesitating to use cash money, they are using cashless system such as their credit cards or other payment system. Shops aren't ready to accept bitcoin. Look at the transaction fee and the network traffic for the last few months.
In this pandemic period, many people have met Bitcoin and started using it. And it's really great for Bitcoin to be adopted even faster than ever. More people are making investments into it and using it while buying something also. And like you indicated, it's much safer compared to fiat.
Not really. Care to explain how is it "much safer compared to fiat"? Would love to hear your opinion on this. ~
They probably have their minds first on the vaccine. People use bank-issued cards these days, and government finding out about Bitcoin and how convenient would it be would take quite a while because they only know that it goes against their governance because as you mentioned. It is decentralized. Jump to: