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Title: Bitcoin saving is not safe Post by: QN2018 on January 20, 2018, 01:22:42 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::)
Title: Re: Bitcoin saving is not safe Post by: Kulafu on January 20, 2018, 01:27:26 PM Your btc being hacked is near to impossible. I agree with the fluctuation of the price. Fluctuation is normal in the market it makes profits anyway for the traders.
Without price fluctuation there will be a shorted of supply of btc because everyone will hold it. Title: Re: Bitcoin saving is not safe Post by: randee888 on January 20, 2018, 01:28:55 PM Do you fully understand what you said ?
i mean bitcoin cant be hacked, the exchanger or market that store it can. You can store your bitcoin or any other coin in offline wallet and no one cant access it except you, you the one who holding the private key for that address. About the fluctuations yes it true, but that the risk you need to take if you want to make some good profit in your retired time. Quote Risky but attractive? Perhaps, Bitcoin and other cryptocurrencies can be considered as alternative investment options. However, the truth is that it has its flip sides one should be aware of. Retirement advisors consider Bitcoin risky, volatile, unregulated and unsuitable for long-term investments. Financial regulators are still uncertain how to classify Bitcoin and therefore how to treat Bitcoin investments. Besides, Bitcoin is completely unregulated and uninsured. We all get so excited seeing its rise in value, however, we also witnessed some dramatic declines. If the majority of its value can disappear in a few seconds, how can it become something to depend on in a decade? Let’s go back to the story of Jack Tatar. At the end of 2015, things started to be different for his investments as the price of Bitcoin started to grow. In the summer of last year when Bitcoin was over $700, Tatar shared his excitement by saying that it has been the best investment in his retirement account. Title: Re: Bitcoin saving is not safe Post by: Kemarit on January 20, 2018, 01:39:36 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Oh Dear, please, please read around the forum before posting such stupidity. What do you mean network system attacked? Do you have any idea what you are talking about? Maybe what you heard about people losing their bitcoin is (1) they put their funds on a exchanges, so when a hacked happened on that exchange, your money is gone, (2) you didn't protect your wallet, - password is not strong, or you give your private key to someone untrusted. Fluctuations is part of the nature of bitcoin, If you don't know how to handle fluctuations, you shouldn't be in bitcoin investment. Bitcoin price is based on supply and demand, so its another factor that you need to understand before talking about fluctuations, volatility and unstable price. Title: Re: Bitcoin saving is not safe Post by: CryptoBry on January 20, 2018, 01:44:35 PM Your btc being hacked is near to impossible. I agree with the fluctuation of the price. Fluctuation is normal in the market it makes profits anyway for the traders. Without price fluctuation there will be a shorted of supply of btc because everyone will hold it. Well, maybe he is referring to wallets but there is more hacking in Ethereum wallets than in the Bitcoin side. Fluctuations is always part of the game and this is actually one reason why Bitcoin is popular because if it can go down drastically there are times when there is a bull run making everybody happy. Had Bitcoin been moving just like any traditional investment tool, I don't think it will be as popular as it is today. There will always be risks and if one is involved in Bitcoin he must learn to mitigate and mange those risks otherwise the best thing to do is to get out and return only when one is already mature enough to bear the responsibilities as a Bitcoin holder. Title: Re: Bitcoin saving is not safe Post by: erickkyut on January 20, 2018, 01:46:39 PM All investors in this community are already aware of the risks from Bitcoin savings and investments. That is why we always advise that invest only what you can afford to lose and do your own research first to minimize the risk. The positive side of it is that the higher the risks, the higher the return. If you will just focus on it and put efdort on studying Bitcoin, you will surely become rich because of it.
Title: Re: Bitcoin saving is not safe Post by: spiker777 on January 20, 2018, 01:47:20 PM You're only going to get hacked if you do not take precautionary measures. Do you know how much credit card theft there is? How many bank accounts are compromised? I would say the risk of being hacked is roughly similar to these.
Simple, store your bitcoins in a hardware wallet such as a trezor or Nano S, and you wont have to worry about online attacks. You spreading this misinformation is what hurts the progress of bitcoin. Title: Re: Bitcoin saving is not safe Post by: Aristus on January 20, 2018, 01:52:07 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) There is no 100% safety in investment world,evry time when you enter your money is always at risk. Most of all here in bitcoin because there but the good thing with bitcoin is the chance to earn high. You will only get hack depends on how highly you secure your wallet. Title: Re: Bitcoin saving is not safe Post by: jonruhoax on January 20, 2018, 01:59:22 PM I thought you were talking as if we did not know anything about bitcoin. it is you who do not know much about bitcoin technology and its benefits. yes, it's true what you say. it's very risky. but it's not as easy as what you say. Title: Re: Bitcoin saving is not safe Post by: Dansamiv on January 20, 2018, 02:09:56 PM All investors in this community are already aware of the risks from Bitcoin savings and investments. That is why we always advise that invest only what you can afford to lose and do your own research first to minimize the risk. The positive side of it is that the higher the risks, the higher the return. If you will just focus on it and put efdort on studying Bitcoin, you will surely become rich because of it. Your comment is awesome. I agree with your opinion.The false information, turbulence market shows the popularity of bitcoin. It is puzzling for the beginner community to learn and invest in bitcoin. Title: Re: Bitcoin saving is not safe Post by: jvdp on January 20, 2018, 02:16:43 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) First you should think before to post this kind of shit thread. Bitcoin is 100% secured investment this is digital world so everything is hackable in the world. When compared gold and dollar, cryptocurrency is safe and secured in investment. This is user friendly so you can access anywhere in the world. Everything should be fluctuating you should hold and dollar value also fluctuate in the market. But Bitcoin is raise continuously or some fluctuation is happens. So you decide which one in best investment, before to decide you should analyse complete strategy of cryptocurrency.Title: Re: Bitcoin saving is not safe Post by: Kprawn on January 20, 2018, 02:23:59 PM You are not starting your forum career {yes, I said career} with a good start. Bitcoin {The Technology} has never been hacked
before. {the protocol} Yes, Bitcoin websites/exchanges/wallet providers have been hacked, but they only use the currency. The Bitcoin developers are doing a damn fine job at the moment and all code are OpenSource and under constant scrutiny from other developers. {Peer review} 8) Title: Re: Bitcoin saving is not safe Post by: seniorlancelot on January 20, 2018, 02:29:37 PM The Bitcoin (https://freedman.club/en/gonkongskii-bitcoin-treider-stal-jertvoi-ogrableniya/) trader in Hong Kong was the victim of a robbery.
Title: Re: Bitcoin saving is not safe Post by: BossMacko on January 20, 2018, 02:30:13 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) The possibility of getting hack is depend on how secure you are on your credentials, the only problem that i can think in holding Bitcoin is the change of price of Bitcoin from time to time, but if you are a long term investor then you will not get any problem in the change of Bitcoin from time to time because the only mindset you have is getting profit in the long run. Title: Re: Bitcoin saving is not safe Post by: Lodipetmalu on January 20, 2018, 02:30:40 PM We can't deny that bitcoin is very risky as investment. Because we can't predit if someday it will suddenly drop or in sometime, other coin will rule in the market other than bitcoin.
Title: Re: Bitcoin saving is not safe Post by: Rahman11 on January 20, 2018, 02:50:38 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) You are not well known about bitcoin security system, bitcoin security is not easy to hack, it's so much strong as you want! if you done any stupidity like share with others your password or account phrase then you can face a problem other then it's so much impossible to hack your I'd by others!Title: Re: Bitcoin saving is not safe Post by: BrewMaster on January 20, 2018, 02:55:53 PM investing in bitcoin is risky because bitcoin like any other new technology is in its early stages and because of that, its market is pretty small and has sometimes unpredictable swings. which is why every person who understands investment will tell you "invest what you can afford to lose".
at the same time this means bitcoin is very profitable because those who invest in it now are the early adopters who will be rewarded for the high risk they are going to take. just like those who bought bitcoin at $0.01 and none of this has anything to do with being hacked. if you are not careful you will lose the money in your backpocket to pickpockets in the street. that doesn't mean money is not safe, it means you weren't careful. Title: Re: Bitcoin saving is not safe Post by: First77 on January 20, 2018, 02:56:25 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) You can investment your money in land, house, gold, silver, stock markets, fixed deposits & savings in banks, start some business :) Actually Bitcoin and crypto currencies are not required/unwanted ;D Title: Re: Bitcoin saving is not safe Post by: nightxglow on January 20, 2018, 02:58:49 PM Yeah it's true, saving bitcoin isn't 100% safe. But still, we can prevent those bad things to happen.
Like for example hacking, we shouldn't let people know our password or private key easily, don't visit weird websites, don't trust people easily and such. We also need to keep update with everything, so when something smells fishy and we think something might happen, we should exchange all our btc to money instead. Title: Re: Bitcoin saving is not safe Post by: Cryp2 on January 20, 2018, 03:00:18 PM You can reduce the possibility of such risks by using hardware wallets which are relatively more secure
I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high Yeah it's quite risky cuz no one knows the future , but some approximative speculations are still possible , which means getting the access to the right choice In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Title: Re: Bitcoin saving is not safe Post by: lepricoin on January 20, 2018, 05:53:14 PM I agree that this has a certain risk, but so it can be said about everything. And imagine what kind of people who sold their homes and invested in bitcoin-this is very risky. We must try to find the middle ground :)
Title: Re: Bitcoin saving is not safe Post by: QN2018 on January 21, 2018, 10:17:27 AM You are not starting your forum career {yes, I said career} with a good start. Bitcoin {The Technology} has never been hacked before. {the protocol} Yes, Bitcoin websites/exchanges/wallet providers have been hacked, but they only use the currency. The Bitcoin developers are doing a damn fine job at the moment and all code are OpenSource and under constant scrutiny from other developers. {Peer review} 8) Sorry,I just want to share my idea to discuss with all users in this forum, I just want to talk my thinking of bitcoin , not mean career as you thought ??? Title: Re: Bitcoin saving is not safe Post by: Prodigan786 on January 21, 2018, 10:20:32 AM Being hardcore supporter of bitcoin from long time and till I have to accept the hard truth which you mentioned yes I do agree bitcoin savings is heavily risky . We can’t even predict market fluctuations.Safety of our investment.
Title: Re: Bitcoin saving is not safe Post by: tiptopgemdotcom on January 21, 2018, 10:23:48 AM This is totally depend on user himself. Who can force you to invest in something? Noone. So answer is clear.
Title: Re: Bitcoin saving is not safe Post by: Rath_ on January 21, 2018, 10:24:53 AM Everything has a huge risk. Gold value could rapidly go down anytime, the same thing goes for normal currencies such as dollar, euro, yen etc. Bitcoin is a cryptocurrency which is neither accepted anywhere nor official currency in any country. Right now it has speculative value but I think that people become more aware of the risks of current financial system. It is very unlikely that Bitcoin would get hacked. Critical bug could be solved by introducing hard fork. 51% attack is too expensive to perform.
Title: Re: Bitcoin saving is not safe Post by: Kate Beckett on January 21, 2018, 10:27:36 AM I think every possible savings are risky, not only Bitcoin savings. You will be always worried about your money/Bitcoin/gold etc. But who is not risking, don't drink champagne. If you need to protect your Bitcoin savings, you can always find a way to do that.
Title: Re: Bitcoin saving is not safe Post by: maxj57634 on January 21, 2018, 10:31:04 AM -snip- First of all when posting dont change the color it hurts the eyes. cryptocurrency is more risky because the possibility being hacked is so high The possibility of bitcoin being hack is from the exchanges and not from a secure wallet like offline wallet. The risk is definitely there if you are unaware that the site you are storing your coins is not trusted. we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second The network system of bitcoin cant be hacked, do you even know what the heck are you saying?. fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. The fluctuation is what keeping large investor towards bitcoin, it is somehow unsafe if the value falls to much but even though it fall large and medium investor buys the coins because they knew the fall of price wont last long. Title: Re: Bitcoin saving is not safe Post by: QN2018 on January 21, 2018, 10:31:21 AM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Oh Dear, please, please read around the forum before posting such stupidity. What do you mean network system attacked? Do you have any idea what you are talking about? Maybe what you heard about people losing their bitcoin is (1) they put their funds on a exchanges, so when a hacked happened on that exchange, your money is gone, (2) you didn't protect your wallet, - password is not strong, or you give your private key to someone untrusted. Fluctuations is part of the nature of bitcoin, If you don't know how to handle fluctuations, you shouldn't be in bitcoin investment. Bitcoin price is based on supply and demand, so its another factor that you need to understand before talking about fluctuations, volatility and unstable price. Sorry for causing the indignant from you all, simply after for a while I study about bitcoin I think that the main reason is because of its great value, so many people will do whatever thing to trade, buy or seek even stole ... to get them, that may also be the reason why it's not safe.Similar to stocks, which give you big profitable, the risk is the same, you may become a billionaire, but you can also be empty in a few seconds. I just want share my idea with you all in this community ! Title: Re: Bitcoin saving is not safe Post by: Toden1379 on January 21, 2018, 10:46:39 AM Some people who have kept their BTC for 2-3 years beg to differ. Fluctuations are a common thing in the cryptocurrency world. Also, being hacked is not really that high as you stated. Unless you have your BTC on exchanges, if you have your personal wallet, you can keep it safe with a bunch of 3rd party authentication protocols or better yet get a cold storage wallet.
Title: Re: Bitcoin saving is not safe Post by: katinko on January 21, 2018, 10:53:52 AM Yes, bitcoin investment is very risky but the profit that can gives is also very high unlike using fiat money to invest in real state. For now i choose to invest in bitcoin that saving in the bank or investing in real state, in bitcoin you do not need to wait for long period of time to earn money even in just few hours it can generates income that is what i love in crypto currency
Title: Re: Bitcoin saving is not safe Post by: Ilegendph on January 21, 2018, 10:57:25 AM Your btc being hacked is near to impossible. I agree with the fluctuation of the price. Fluctuation is normal in the market it makes profits anyway for the traders. I think op does not read satoshi's whitepaper because he said that it is hackable. Satoshi indicates there that the hacker needs atleast 2x the current hash power rate to redo all the transactions that have been listed and as of now, it is impossible to have that kind of power in a single place, you will need large space to do that. And also, government wouldn't regulate bitcoin for some place if they know that there is history of hack in bitcoin.Without price fluctuation there will be a shorted of supply of btc because everyone will hold it. Title: Re: Bitcoin saving is not safe Post by: FlintJuan on January 21, 2018, 10:57:44 AM Bitcoin saving is safe it depends how you work for it bitcoin is a have graet value not like the flat money.
Title: Re: Bitcoin saving is not safe Post by: Hillthy on January 21, 2018, 11:08:02 AM Volatility is a common thing in the worlds cryptocurrency world.
Of course, bitcoin investments have risks. However, understand that investing in risky business is indispensable. The higher the risk, the higher the profit. I'm sure investing bitcoin, can you rich quickly. Title: Re: Bitcoin saving is not safe Post by: Carlsen on January 21, 2018, 11:10:53 AM I think op is right with his statement. There are more risks with bitcoin, or with crypto currencies in general than with most other investment options.
But that is not why people join bitcoin. We are all here because of the big possibilities bitcoin offers. Ond those possibilities do more than just compensate the risks. Besides, some of the risks can be minimized by working carefully. Title: Re: Bitcoin saving is not safe Post by: gambitcoin53 on January 21, 2018, 11:28:02 AM Bitcoin system itself is safe, the problem is the user of that accounts, they are using passwords that are easily be hacked, easily to guess, it is impossible for bitcoin to get hacked because of its security features, be careful when you are connected to a public wifi because it is highly prone to hackers because of its vulnerability and unprotected domain, it is unsafe to open apps or program like bank account or online banking as well as your bitcoin wallet password if you are connected to a public wifi.
Title: Re: Bitcoin saving is not safe Post by: sofi@ on January 21, 2018, 01:36:47 PM all investment has the risk of failure same thing with bitcoin but why people keeps on trusting bitcoin despite of too many fluctuations its because even if its true that bitcoin is not safe still the fact that it can give a return on investment as high as 300% in a matter of one year is something worth taking risk for. People has their freewill they can choose to invest on a safe thing but with a small return or go with bitcoin, risky but feels like winning a jackpot when it pumps
Title: Re: Bitcoin saving is not safe Post by: Dapper on January 21, 2018, 01:54:32 PM The main reason it's not safe is that no one knows its future. It could be the next Alta Vista. And I'm definitely not a FUD type, as btc has made me quite a bit of profit. But to step back and look at it risk wise, if it were a choice between putting x,, in btc vs. x,, in gold bars in my safety deposit box, I choose gold. That said, I do hold both, but understand that my btc holds are far more risky.
Title: Re: Bitcoin saving is not safe Post by: Lucius on January 21, 2018, 02:56:04 PM There is no doubt that BTC is very risky asset/currency,especially for new users who do not know some basic things.So before buying BTC every user should take some time and be well informed before taking any action.Beginner's mistakes such as downloading fake wallets,using phishing sites,exposure of private keys/seed or send BTC to wrong address are everyday occurrences.
On the other side there is always risk of losing money due to volatility in BTC price in short or in long term.But this is risk every individual must take over when investing in BTC,its future is uncertain although for most it looks promising. From the security aspect if user take all necessary steps to secure BTC it can be almost 100% sure in this regard.Risk of price go down&losing value can not be eliminated,a person who does not want to take that risk should invest in something less risky. Title: Re: Bitcoin saving is not safe Post by: boomdasdas on January 21, 2018, 03:11:33 PM Your btc being hacked is near to impossible. I agree with the fluctuation of the price. Fluctuation is normal in the market it makes profits anyway for the traders. I do not think it will not be hacked, the tech world is growing, and more and more hackers are coming and maybe one day you will be attacked and rob your Bitcoin number.Without price fluctuation there will be a shorted of supply of btc because everyone will hold it. Title: Re: Bitcoin saving is not safe Post by: CryptoChanel on January 21, 2018, 03:24:57 PM If you buy yourself a hardware wallet no hacker will steal your bitcoins. However, Bitcoin still is not safe because the price can go very low now and then. And stay there, for a long time.
Title: Re: Bitcoin saving is not safe Post by: MMA on January 21, 2018, 03:30:20 PM The main reason it's not safe is that no one knows its future. It could be the next Alta Vista. And I'm definitely not a FUD type, as btc has made me quite a bit of profit. But to step back and look at it risk wise, if it were a choice between putting x,, in btc vs. x,, in gold bars in my safety deposit box, I choose gold. That said, I do hold both, but understand that my btc holds are far more risky. Although no one know about the future and about the price of bitcoin that what will happen to it in future but still if we study about bitcoin i think still most of the investors and even the experts are too much confident about bitcoin price and its future because in future people are expecting that crypto currency will take the place of fiat currency and that is the reason we can expect that bitcoin will be more safe and reliable investment for future. Title: Re: Bitcoin saving is not safe Post by: JL421 on January 21, 2018, 03:32:31 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) If you invest in a hardware wallet it's quite secure. Also with the high rate of fluctuations you get higher profits which is not that certain with other investments. You can make a proper decision for buying and selling as the price volatility is in small bars not a major one.Title: Re: Bitcoin saving is not safe Post by: bozo333 on January 21, 2018, 03:42:14 PM Your btc being hacked is near to impossible. I agree with the fluctuation of the price. Fluctuation is normal in the market it makes profits anyway for the traders. I do not think it will not be hacked, the tech world is growing, and more and more hackers are coming and maybe one day you will be attacked and rob your Bitcoin number.Without price fluctuation there will be a shorted of supply of btc because everyone will hold it. Most of the people hold the bitcoin for the future invest. It will change any time to process and get more information. Bitcoin is day by day. So you will check the bitcoin prices every day. This information is help to for the plan to save for the business investment. People will be know the process. So people hold the coin. People will be wait for the prices increas then it will be sell. Title: Re: Bitcoin saving is not safe Post by: bright4mech on January 21, 2018, 03:52:56 PM Btc is wallet is highly secured. Accept you give out your private key to untrusted person, accept your key is not strong and need stronger key, secondly fluctuating of price of btc is sweetest part and that is nature. It simply means demand and supply needed in market that make it unstable. Invest on bitcoin and make real cash.
Title: Re: Bitcoin saving is not safe Post by: Tashi on January 21, 2018, 03:55:04 PM You're right, sometimes bitcoin saving is not that safe though. I heard this guy invests his life savings which was loaned from his business and he invested it on bitconnect. And last time we heard that its lending was shutdown right? And his life savings turned into dust for nothing. I don't know what happened next.
Although this is investing, all of your investments could lead to betterment or worst things. Title: Re: Bitcoin saving is not safe Post by: siddu1 on January 21, 2018, 06:28:16 PM I think bitcoin saving is not dangerous.Again it is not fully safe too.But Bitcoin is the first digital currency which will helps us to become rich.So we should be aware of investingand saving bitcoin.
Title: Re: Bitcoin saving is not safe Post by: paul00 on January 21, 2018, 08:35:24 PM I think bitcoin saving is not dangerous.Again it is not fully safe too.But Bitcoin is the first digital currency which will helps us to become rich.So we should be aware of investingand saving bitcoin. I think the safety of your bitcoin in your wallet is depends on your side since you hold youre key and there are several offline wallet you can use to store your bitcoin. This investment is just like the investment outside the bitcoin world no one is secure with your investment but bitcoin is one of the best to invest your money.Title: Re: Bitcoin saving is not safe Post by: Aileen C. on January 21, 2018, 09:18:18 PM Your right. Well, for me you need to take risks inorder for you to earn money on your btc. Well, aside from saving it, you can cash it out and buy porperties and save again. Then, its not risky on your side whatever happens because you already invested something precious on it.
I think bitcoin saving is not dangerous.Again it is not fully safe too.But Bitcoin is the first digital currency which will helps us to become rich.So we should be aware of investingand saving bitcoin. I think the safety of your bitcoin in your wallet is depends on your side since you hold youre key and there are several offline wallet you can use to store your bitcoin. This investment is just like the investment outside the bitcoin world no one is secure with your investment but bitcoin is one of the best to invest your money.Title: Re: Bitcoin saving is not safe Post by: Zeque02 on January 21, 2018, 09:36:18 PM Your btc being hacked is near to impossible. I agree with the fluctuation of the price. Fluctuation is normal in the market it makes profits anyway for the traders. Right! I think if it will happen maybe earlier. Bitcoin was excessing for i think 6 to 7 years and I don't hear any report about hacking. Hope so it will not happen. Best thing to do is ti secured your account.Without price fluctuation there will be a shorted of supply of btc because everyone will hold it. Title: Re: Bitcoin saving is not safe Post by: Ba37 on January 21, 2018, 09:57:56 PM Its the way you save might not be safe, not the bitcoin itself. If you use and paper wallet and lose it without backup or if the exchange folds or got hacked where you have stored your btc, those are some of the scenarios where it is not safe. Not the bitcoin by itself.
Title: Re: Bitcoin saving is not safe Post by: Carmen01 on January 21, 2018, 10:03:44 PM Base on volatile of btc yes it's risky but there's a way to avoid risky things or for good in your money like if you have 100 btc already then i think you need to convert 50 btc to fiat so even your save some money here still you already have money and it's like also an investing here if you save some here actually even it's so volatile here still the chance for profit in that situation is really high.
Title: Re: Bitcoin saving is not safe Post by: zhinaivan on January 21, 2018, 10:05:45 PM We are known that the bitcoin crytocurrencies is very risky because this is number one big value in crypto and this is very popular thats why we need to be carefull or need to keep your private key and dont lose your password this very important.dont log to your wallet online when you in public online place this is a very dangerous it will get your account information or they hack your wallet account.
Title: Re: Bitcoin saving is not safe Post by: Vatimins on January 21, 2018, 10:25:52 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Lol. Clearly, you do not know sht about what you are talkiing about. Study about the crypto currencies you like and how they work. This is the most important thing for beginners like you so you would be able to spend lots of time in learning?. Now., If you had only done even a bit research you would have realized that bitcoin is just too damn secure compared to others. And you will understand. Title: Re: Bitcoin saving is not safe Post by: Mike Mayor on January 21, 2018, 10:28:22 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Then piss off. None wants a 4 activity noob around. You don't even understand the basics, you talking about the actual network being attacked that means you don't understand Bitcoin. If Yu don't understand Bitcoin nor think it's good to invest in it then why are you here exactly? What's the point of your post? Please enlighten us all and tell us what a good investment looks like. Since you clearly an expert. I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Lol. Clearly, you do not know sht about what you are talkiing about. Study about the crypto currencies you like and how they work. This is the most important thing for beginners like you so you would be able to spend lots of time in learning?. Now., If you had only done even a bit research you would have realized that bitcoin is just too damn secure compared to others. And you will understand. Agreed!! Title: Re: Bitcoin saving is not safe Post by: dzkazmi on January 21, 2018, 10:32:32 PM Risk is every where specially in the successful life, If you wont take risk, you wont become successful. Bitcoin is full of risk I agree but its worth taking risk. ;D
Title: Re: Bitcoin saving is not safe Post by: nick_nick on January 21, 2018, 10:44:33 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Hacking and stolen Bitcoins are mostly due some level of carelessness with respect to one's wallet information. The best way to avoid such risk is to safeguard your hardware wallet by writing passwords and private keys down( thus keeping it offline)Title: Re: Bitcoin saving is not safe Post by: kier010 on January 21, 2018, 10:45:40 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) to hacked bitcoin is impossible if it has been hacked then the possible problem would be the user/holder himself/herself giving his/her bitcoin info and personal info. if you know how to be careful then it wont be hacked. yes cryptocurrency is high risk so invest what you can afford to loss and be mentally prepaid cause bitcoin is for determined people. if you fell it unsafe, too risky, afraid of the fluctuations then bitcoin is not for you. Title: Re: Bitcoin saving is not safe Post by: hastag_80 on January 21, 2018, 10:50:28 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) I thinks all things is risky even your money in the bank that you put can turn into nothing,if the bank is filling a bankruptcy,so for me i still believe that my bitcoin is still safe in my wallet or in trading site because so much protected and its has a shield against hacking system and have P2P password before you can access your wallet.that my reason why should i still believe that my bitcoin is still in a safe place and the same time i earned. Title: Re: Bitcoin saving is not safe Post by: rudyconsl15 on January 21, 2018, 11:46:08 PM I think it's impossible, it looks like you have not understood. precisely by investing in our bitcoin dipermudah, just need to buy and keep the bitcoin wallet and sell time market prices go up, I think fluktuatif his masar even will make us get a very big profit. just keep it until the market price goes up. so your opinion does not make sense to me.
Title: Re: Bitcoin saving is not safe Post by: kasansa on January 21, 2018, 11:58:31 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Bitcoin could never be hacked unless you reveal your private key publicly. Just like other investments,bitcoin investment is also risky. Higher the risk, higher the profits.Bitcoin has been in the market for past eight years successfully. It has made more people rich. If you still feel that Bitcoin is insecure, better you could stay away from bitcoin investment. Title: Re: Bitcoin saving is not safe Post by: rudyrista123 on January 22, 2018, 12:13:35 AM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) What do you say ??? You do not seem to know about bitcoin investing, I suggest you read about bitcoin and about bitcoin security. Indeed everything must have a risk, but if you talk investing in bitcoin not a solution is wrong. Because it is safe or not depends on the owner can or does not keep his own wallet. Title: Re: Bitcoin saving is not safe Post by: asawaq23 on January 22, 2018, 12:23:35 AM Safeness of bitcoin will depends on your hand. It depends on how you will secure your bitcoin wallet. Have a strong security key. Never trust anyone with your password. It is your investment, so never risk it to anyone.
Title: Re: Bitcoin saving is not safe Post by: rudyconsl15 on January 22, 2018, 01:16:18 AM Safeness of bitcoin will depends on your hand. It depends on how you will secure your bitcoin wallet. Have a strong security key. Never trust anyone with your password. It is your investment, so never risk it to anyone. That's right, make a wallet in what is really believable, Blockchain for example. So basically Keep your wallet password, then your business is safe. Title: Re: Bitcoin saving is not safe Post by: zolfa on January 22, 2018, 01:47:19 AM I agree with your statements that the risk of the crypto world is greater, but it depends on how you secure and keep the bitcoin wallet. for me saving and storing bitcoin in purse until bitcoin price goes up and until i get more advantage i like. and I keep some bitcoins in my wallet online and offline. you better use a double key so as not to be hacked
Title: Re: Bitcoin saving is not safe Post by: think3214 on January 22, 2018, 09:57:12 AM Accurately, saving unsafe bitcoin. Because the bitcoin price is not stable, if you save bitcoin a certain day you will lose bitcoin price. I think you should change the cash to save would be better. As you have seen recently China and Korea are planning to close the bitcoin trading floor in the country. bitcoin prices have dropped. Wish you make a wise decision.
Title: Re: Bitcoin saving is not safe Post by: SiDtHeBeSt on January 22, 2018, 10:04:13 AM No, I don't think bitcoin can be easily hacked if you take the correct measures. The only thing that can make it risky is that it might crash. But even if it crashed it would regain its value in some given time, and then it might go even higher than that. I don't think there should be any other safety problems. But yeah, the risk in investing in cryptocurrencies might be more than investing in gold, etc.
Title: Re: Bitcoin saving is not safe Post by: panapi3200 on January 22, 2018, 10:32:28 AM I can't say it's safe or not. Since we all know that there is no such thing as 100% sure in keeping our investment secure but the safety and security of our wallet is within our hands. We just need to be careful at all times. Never trust anyone but yourself alone. Never trust your password to anyone who you think you can be trusted. All things are not safe unless you are careful enough with your property. So just do your part, keep safe and never trust anyone but yourself, that's the best thing to do in earning money.
Title: Re: Bitcoin saving is not safe Post by: tyuner4 on January 22, 2018, 10:35:37 AM I think otherwise from what you said. Holding BTC is safe if you secure your wallet, you can do so by using hardware wallets which you can get at less than $100.
Title: Re: Bitcoin saving is not safe Post by: bit-freedom on January 22, 2018, 10:59:53 AM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) In fact, securing crypto and fiat are the same. There are scammers and hacks in the cyber world. In real life, there are robbery, thief and hacks into banking system. You will need to secure the platforms or equipment you are using, be it for fiat or crypto. Title: Re: Bitcoin saving is not safe Post by: cryptorampage on January 22, 2018, 11:05:42 AM Ups and down, regular fluctuation it's normal in any share market, I agreed with you. But I think it's more than being hacked. You can use better and secured system and method.I think if your liquid money don't chocolate l circulate ,it's a loss too. But circulating money assembles with risk also. So for long term you can consider to save Bitcoin ,if you take that risk with better security management. And hope for the best.
Title: Re: Bitcoin saving is not safe Post by: Serious475 on January 22, 2018, 11:05:51 AM Yes, it is really risky saving your bitcoins. But for me, risks will always be a part in an investment. Even though bitcoin has risks such as hackers, prices, etc. You can avoid these risks with proper knowledge about Bitcoin. Even though it has risks, the rewards are truly worthy.
Title: Re: Bitcoin saving is not safe Post by: marydale on January 22, 2018, 11:21:16 AM Yes it is very risky! I agree!
But what's the difference with credit cards and other bank accounts? they can also be hacked and compromised. What I'm saying here is, the risks are pretty much similar. But here, you can manage your bitcoin yourself and there a number of options to secure it. So the answer to risks is secure your account, take precautionary measure to safeguard your bitcoin. Store your bitcoin somewhere safe and evade online attacks. Bitcoin is one of the few best events that happened. Title: Re: Bitcoin saving is not safe Post by: bitfocus on January 22, 2018, 11:24:14 AM Use a strong password or use hardware wallet, unless the hacker has a super duper quantum computer, blockchain and bitcoin are hackproof.
Title: Re: Bitcoin saving is not safe Post by: Jessica2009 on January 22, 2018, 11:29:16 AM A Bitcoin investor or any other business should always see the risk because there will be a rise and fall in every business so the point of losing and gaining should be considered and try not to lose all at a sudden so my advice is that not to invest all that you have in Bitcoin if you don't bother of losing you can invest .The legality of Bitcoin depends on country where we live to my view it will be not more safe until the regulatory rulers are aware of Bitcoin.
Title: Re: Bitcoin saving is not safe Post by: ekolet on January 22, 2018, 11:33:23 AM Use an hardware wallet and don't share your seed with anyone. Simple.
Title: Re: Bitcoin saving is not safe Post by: Godric-Gryffindor on January 22, 2018, 11:41:39 AM You have to have a strong wallet if you are unsure about your bitcoin security, put your bitcoins in the wallet that you have a full control with, don't let your crypto stay longer in any exchange available online. Bitcoin wallet password must be unique and not memorable, have a physical backup of password and backup phrase, if your saving in BTC .com wallet pdf must have a physical backup as well.
Title: Re: Bitcoin saving is not safe Post by: Creepings on January 22, 2018, 11:43:42 AM Use a strong password or use hardware wallet, unless the hacker has a super duper quantum computer, blockchain and bitcoin are hackproof. Well, strong passwords are hard to decrypt but still, even if you have these kinds of password and you are too careless, I think that will be still useless. I think the threat to digital currencies would probably be quantum computers if they will be invented quickly, but they still need a lot of years to in existence and I think digital currencies will be ready by then. Title: Re: Bitcoin saving is not safe Post by: Shamefulpilchard on January 22, 2018, 11:45:17 AM I am well aware of the risks which is why I am not betting a big amount in Bitcoin or any other Crypto... Just a few thousand bucks in total would allow me not to get left behind in cases of lift-offs.
Title: Re: Bitcoin saving is not safe Post by: Juggy777 on January 22, 2018, 11:49:30 AM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) How is it unsafe? You can buy yourself a Trevor wallet and be safe for life, make a paper wallet and lock it in a safe. Or my best idea make a electrum wallet and make a pin and it's unhackable cause no one will ever know your pin, and then they can't do any transaction. Even when it was down, we didn't worry cause without our pin it was yet safe. So I don't see any harm of it being hacked. Title: Re: Bitcoin saving is not safe Post by: Kingofbitcoin12345 on January 22, 2018, 11:50:23 AM I always look for the sense of everybody’s post not on they’re ranking in this forum.. I always give them a chance to prove to me that they’re worthy of my positive minded view without giving bad comments on them.. But this one is different from all,, it is an obvious black propaganda for establishing fear and panic by comparing bitcoin to stock market goods that is totally all lies.. Bitcoin is safer than those you mention because only few knows you having a million bitcoin than having a million worth of gold..
Title: Re: Bitcoin saving is not safe Post by: Bessta on January 22, 2018, 11:55:46 AM We need to secure out btc using hardware wallet but of course we need to pay for it
If you dont want to spend for the hardware wallet, the surest thing to do to protect your btc savings is of course by not divulging your private key whether publicly or secretly to somebody even to your trusted friend or family members. Be always discreet with matters regarding your cryptos. Title: Re: Bitcoin saving is not safe Post by: Melvin Narag on January 22, 2018, 12:01:59 PM Depending to everyone that bitcoin savings is not safe it’s depends to you own how you handle it for to safety keep your bitcoin worthy
Title: Re: Bitcoin saving is not safe Post by: mOgliE on January 22, 2018, 12:13:01 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Hi, You are taking the example of dollars and I am glad you did. Do you realize that dollar is actually worth nothing? This fiat currency is not even worth the paper on which it is printed. But through the game of diplomacy and geopolitics, it stands because everybody knows that the US is the most powerful country in the world! Is it? Today, most fiat currencies have their value relying on... absolutely nothing except trading platforms. It isn't good for society but it works like that. Is bitcoin riskier? Yes, because the community of users is smaller. Is it less valuable? I am not so sure... Title: Re: Bitcoin saving is not safe Post by: nill714 on January 22, 2018, 12:14:50 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Nobody can not hack your wallet until you give him or import key any phissing site.So its impossible to hack bitcoin wallet but you need to always alert to avoid spam or phissing link.Title: Re: Bitcoin saving is not safe Post by: Lancusters on January 22, 2018, 12:18:16 PM In the mid 2000s many banks which seemed endowed with ruined. People lost their savings in Fiat. The global economic crisis is not yet over. We have exactly the same risk. So I'm not sure that the investment in the Fiat is more safe. But for me the main quality of cryptocurrency is the ability to get free from the oligarchic economy. So I think investing in cryptocurrency more promising.
Title: Re: Bitcoin saving is not safe Post by: Dapper on January 22, 2018, 12:24:50 PM The main reason it's not safe is that no one knows its future. It could be the next Alta Vista. And I'm definitely not a FUD type, as btc has made me quite a bit of profit. But to step back and look at it risk wise, if it were a choice between putting x,, in btc vs. x,, in gold bars in my safety deposit box, I choose gold. That said, I do hold both, but understand that my btc holds are far more risky. Although no one know about the future and about the price of bitcoin that what will happen to it in future but still if we study about bitcoin i think still most of the investors and even the experts are too much confident about bitcoin price and its future because in future people are expecting that crypto currency will take the place of fiat currency and that is the reason we can expect that bitcoin will be more safe and reliable investment for future. I realize that English is probably not your first language, and you certainly have the right to your opinion, but the argument that people expect it will take the place of fiat is the reason why we can expect bitcoin will be more safe and reliable for the future is, in my opinion NOT a reason at all, simply for the fact that we don't know if it will be btc that will replace fiat. Title: Re: Bitcoin saving is not safe Post by: Shimmiry on January 22, 2018, 12:28:16 PM It's risky and not advisable to those who can't wait because bitcoin's value gets higher over time and all you have to do is to wait for its value to go up and if you can't wait and you will just sell it if the price drops not knowing that it will go higher then it is indeed risky and a loss for you.
Title: Re: Bitcoin saving is not safe Post by: anti-scam on January 22, 2018, 12:33:18 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Nobody can not hack your wallet until you give him or import key any phissing site.So its impossible to hack bitcoin wallet but you need to always alert to avoid spam or phissing link.how bitcoin can disappear in a few seconds, unless you give the key. if OP is a trader then I understand he lost because he made a mistake. nothing to worry about this statement. Title: Re: Bitcoin saving is not safe Post by: google98 on January 22, 2018, 12:42:38 PM I do not think you are completely right, but everyone has their own opinion.
Yes, it is risky. Like any other investment and trading with any currency. :) Title: Re: Bitcoin saving is not safe Post by: joebrook on January 22, 2018, 12:45:24 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) The volatility is indeed a problem and now there has been a huge correction to the price of bitcoin and with the hackers getting access to your accounts is totally dependent on how secure your wallet really is. Not advisable to store your bitcoins in an exchange which are always prone to attacks.Title: Re: Bitcoin saving is not safe Post by: Dapper on January 22, 2018, 12:47:01 PM Btc trading is a great way to increase one's liquid capital, but for long term storage, one should really diversify. Just like making money trading particular stocks, when you take profits, you don't typically use the profits to buy more of the same stock.
Title: Re: Bitcoin saving is not safe Post by: fabskie21 on January 22, 2018, 12:48:42 PM Bitcoin saving is a personal choice. The risk in cryptocurrency is always high since prices are highly volatile but by looking at bitcoin's history and increasing community you could see a great potential in investment which could multiply faster than any business could offer. When it comes protecting your bitcoins, its a matter of discipline. Nobody can get your seeds as long you keep them to yourself alone and avoiding these phishing sites and links.
Title: Re: Bitcoin saving is not safe Post by: pluMmet on January 22, 2018, 12:54:34 PM I think it is saving bitcoin very risky because the nature of her has always turned and money digital vulnerable by the hackers, then the security if saving in bitcoin can not in guarantee very safe, my advice as her don’t saving all the money in bitcoin
Title: Re: Bitcoin saving is not safe Post by: Eleven86 on January 22, 2018, 12:57:12 PM Why it is so risky. Every wallet has instructions on activate steps required to keep your wallets secured. Ignoring and lack of knowledge on this would surely lead to hacking. Its the indivitual responsibility to look after your wallet saftely handled. At times the URL of the wallet you enter in address bar does matter. Double check the URL you enter. The respective URL should begin with https//.
Make sure you be proactive to set and check all these security steps to avoid what so ever. Never complaint or promote negative vibration on holding back bitcoin or any other altcoins in wallets. Title: Re: Bitcoin saving is not safe Post by: DoublerHunter on January 22, 2018, 01:03:52 PM The only thing that will make bitcoin saving not safe is when you don't know how to manage your account or bitcoin wallet. Saving bitcoin maybe just easy as what you think but the management of your account needs a lot of attention because that will serve as your foundation in having some comfort that your bitcoin are well placed and secured.
Title: Re: Bitcoin saving is not safe Post by: RicardoRicky on January 22, 2018, 01:06:23 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) sorry, it seems your statement is very far from reality in bitcoin track record for 9 years, precisely what you are worried about it very rarely, except with carelessness. if it's about fluctuations in bitcoin I think it's normal. for security I think assured.Title: Re: Bitcoin saving is not safe Post by: highperspective on January 22, 2018, 01:08:46 PM Yes, like some other people wrote, the risk of being hacked is not very high if you keep your bitcoins safe. If you keep them in cold-storage, I would be willing to say that it is almost safer than keeping USD in a bank. Or if you keep it a place like Coinbase who is insuring your funds. They keep less than 2% of customers funds online.
In regards to fluctuations, yes you are right. Bitcoin is more volatile that usd or event stocks. But I would still keep some percentage of my money in BTC at all times. This can also be seen as a hedge agains the inflation in dollars. Title: Re: Bitcoin saving is not safe Post by: greenclub09 on January 22, 2018, 01:09:44 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) I will say, bitcoin investing is very high risks, so since the day we accept to use cryptocurrency investment we have to accept that, Secondly, bitcoin can not be hacked because the system of blockchain is extremely high security so there are no hack about bitcoin recently, but hackers can hack the exchanges where we transfer to, because the exchanges don't use the security methods like bitcoin.Title: Re: Bitcoin saving is not safe Post by: RicardoRicky on January 22, 2018, 01:15:21 PM The only thing that will make bitcoin saving not safe is when you don't know how to manage your account or bitcoin wallet. Saving bitcoin maybe just easy as what you think but the management of your account needs a lot of attention because that will serve as your foundation in having some comfort that your bitcoin are well placed and secured. I agree with you, the thing that can get people out of their jobs because of a mistake in maintenance and maintenance management, either because they do not know, or neglect. every wallet needs a good and high management. as expensive as the price of an item if not good at managing it, it will quickly be damaged and extinct. but although cheap but good management it will look special. Title: Re: Bitcoin saving is not safe Post by: adiksau0414 on January 22, 2018, 01:17:20 PM Possible, but we all know that if we engage in this kind of investment is a risk. Every movement of cryptos in the market is not stable, that is why people is having the feeling of excitement in each trade. We never know if your cryptos will go pump or drop its value. Its just the same to gold and dollars, not stable but yes, its really have value that we can keep (tangible). As to bitcoin and other cryptos, its online transaction that the possibility of account hacking (like what happen to my MEW)
Title: Re: Bitcoin saving is not safe Post by: kcirnhoj15 on January 22, 2018, 01:20:54 PM Maybe, I just experienced this through my bitcoin wallet - if bitcoin price will rises up my bitcoin value at my wallet will also increase too but it bitcoin will decrease its value my bitcoin will decrease too. If bitcoins goes to zero, I don't think so if my bitcoin wallet will become zero too. ;D
Title: Re: Bitcoin saving is not safe Post by: Xester on January 22, 2018, 01:27:44 PM Putting all your savings in Bitcoin is definitely super risky since its state is uncertain especially with the issues it is dealing with right now and the possibility of other coins catching up because of it. Definitely because you are talking about putting ALL of your savings, it is indeed risky. I have a quite good savings of bitcoin in my wallet. And I feel that it is safe considering that it is connected in my phone so everytime I will login, it will alarmed my cellphone. So it depends actually on safeness that you are talking about. Title: Re: Bitcoin saving is not safe Post by: ThorWin on January 22, 2018, 01:29:09 PM Of course, bitcoin savings will not be safe, bitcoin prices fluctuate daily by market, you save bitcoin if the price drops you will lose a lot of money from the price difference. I think you should save cash is safer, less risky. At present bitcoin prices are falling. Wish you have made the wise decision.
Title: Re: Bitcoin saving is not safe Post by: fortunecrypto on January 22, 2018, 01:30:31 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) There's really a risk, that is why you should first educate yourself first how to protect your bitcoin from being stolen, and about the price bitcoin never drop to 50% of its value whenever there's a crash the value always regain and correct itself Title: Re: Bitcoin saving is not safe Post by: ICOTREND on January 22, 2018, 01:42:01 PM Bitcoin investment is the same to invest to gold,dollar or stock. However, the crypto currency market is a new investment trend and of course if you catch it up then the opportunity to earn a lot of money. Of course, when the market go down, saturated as stock market, then there are huge risks. Everyone known that whatever the high profitable market included high risk.
If you would like to invest in bitcoin, you must be consider and think of it carefully. Title: Re: Bitcoin saving is not safe Post by: TeamUp on January 22, 2018, 01:52:23 PM bitcoin still considered an unsecured investment, one of the reason why our government reluctant to support cryptocurrencies. Even thou bitcoin itself is safe from hacker, we cant denied that possibility exist that one day bitcoin will be gone like bubble because it live in digital world and we dont have hard copy of our investment.
Title: Re: Bitcoin saving is not safe Post by: kunalqwe on January 22, 2018, 01:58:29 PM hacking of bitcoin is very very difficult and price fluctuation is the another matte.r you can experience price fluctuation in mostly all types of investment for example you purchased gold and you don't know gold price will rise or fall so you have to take some risk to earn profit.
Title: Re: Bitcoin saving is not safe Post by: daniweb on January 22, 2018, 02:02:20 PM I agree that saving bitcoins is a bit risky because of the hackers nowadays. I am still looking for the best option to save my bitcoins
Title: Re: Bitcoin saving is not safe Post by: Beehives on January 22, 2018, 02:02:50 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) For now saving on btc is a bit risky. Trade your money on btc is much better than saving on it. If you want a long term saving mutual fund is much better. Trading on btc for now it's okay because of the huge fluctuation of price. Title: Re: Bitcoin saving is not safe Post by: dlhezter on January 22, 2018, 02:06:24 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) lol, this is such a risky for those newbie like you, and dont know how bitcoin really works. "possibility being hacked is so high" stock exchange already hacked before while bitcoin is not, so how could you say that bitcoin could possibly get hack? bitcoin reached its price because of some bitcoin believers and not a negative minded like you. investing in bitcoin is very safe and reliable. Title: Re: Bitcoin saving is not safe Post by: 764y111 on January 22, 2018, 02:11:01 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) In my opinion, every investment is risky, but as a poor person, I take the risk to make money quickly.Title: Re: Bitcoin saving is not safe Post by: yulionoo on January 22, 2018, 02:12:13 PM bitcoin itself can be scam for people. and it can make people think "im not believe on bitcoin"
all depend on how good you are think about bitcoin, what strategy you play here, how good you are know about crypto, and the other think that can make bitcoin safe or not Title: Re: Bitcoin saving is not safe Post by: cryptotsunami on January 22, 2018, 07:18:13 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) This proves that you don't do your own research before posting it here. I will give all my bitcoin if you can hack one of my wallet address. All you read about hacking is not the fault of bitcoin network but the negligence of trading platform and even single people who didn't research how to secure his/her wallet.Title: Re: Bitcoin saving is not safe Post by: sopromat on January 22, 2018, 07:39:42 PM Your btc being hacked is near to impossible. I agree with the fluctuation of the price. Fluctuation is normal in the market it makes profits anyway for the traders. Without price fluctuation there will be a shorted of supply of btc because everyone will hold it. No, of course not. It is not impossible... If you have all of them on a desktop wallet without having your wallet.dat encrypted, you can easily be hacked if you have a rat on your computer. It is not impossible.. that is why a lot of people have always said that having a hardware wallet is the most secure thing that you can do. Title: Re: Bitcoin saving is not safe Post by: BCTBF on January 23, 2018, 09:34:42 AM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) If you can safely protect your wallet and computer, then I'm sure your bitcoin will be safe, bitcoin prices are unstable should investors already know that from the beginning, so if all of them are well understood, I think it will be fine and no need to worry about your investment in bitcoin.Title: Re: Bitcoin saving is not safe Post by: thenameisjay on January 23, 2018, 09:47:46 AM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) I would rather invest in cryptocurrency than in gold or other precious metals. With bitcoins, I don't have to follow any regulations or I don't have to be under any kind of government. I hold my own bitcoins. Regarding the possibility of hacking, you just have to be extra careful when dealing with your bitcoins. Title: Re: Bitcoin saving is not safe Post by: Gaff on January 23, 2018, 09:56:12 AM Yeah it's true, saving bitcoin isn't 100% safe. But still, we can prevent those bad things to happen. Well i think saving bitcoin is just like gambling we can gain or maybe loose in holding it because its price is really unstable but it is really depend on our own decision because if we want to make a profit we really need to overcome our fears because if we dont overcome our fear we cannot really gain a huge amount in a verry short time.Like for example hacking, we shouldn't let people know our password or private key easily, don't visit weird websites, don't trust people easily and such. We also need to keep update with everything, so when something smells fishy and we think something might happen, we should exchange all our btc to money instead. Title: Re: Bitcoin saving is not safe Post by: parassinghal on January 23, 2018, 10:01:47 AM Yes you are right that saving bitcoin is having a lot of risk compare to other investments but think those who had hold the bitcoin from the time when it was of less than 200$ till now,they become millionaire. So i will suggest you to save altleast few bitcoins for future.
Title: Re: Bitcoin saving is not safe Post by: Zenifir on January 23, 2018, 10:08:57 AM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) There's a lot ways to secure your wallet for example is you can save your key offline and there is a lot of counter measure you can do to keep it safe, and the fluctuation is normal and sometimes the value of bitcoin can double it's value from its previous highest value so please don't spread panic or misinformationTitle: Re: Bitcoin saving is not safe Post by: MiF on January 23, 2018, 10:10:29 AM Yeah it's true, saving bitcoin isn't 100% safe. But still, we can prevent those bad things to happen. Well i think saving bitcoin is just like gambling we can gain or maybe loose in holding it because its price is really unstable but it is really depend on our own decision because if we want to make a profit we really need to overcome our fears because if we dont overcome our fear we cannot really gain a huge amount in a verry short time.Like for example hacking, we shouldn't let people know our password or private key easily, don't visit weird websites, don't trust people easily and such. We also need to keep update with everything, so when something smells fishy and we think something might happen, we should exchange all our btc to money instead. Title: Re: Bitcoin saving is not safe Post by: QN2018 on January 25, 2018, 07:15:53 AM There is no doubt that BTC is very risky asset/currency,especially for new users who do not know some basic things.So before buying BTC every user should take some time and be well informed before taking any action.Beginner's mistakes such as downloading fake wallets,using phishing sites,exposure of private keys/seed or send BTC to wrong address are everyday occurrences. On the other side there is always risk of losing money due to volatility in BTC price in short or in long term.But this is risk every individual must take over when investing in BTC,its future is uncertain although for most it looks promising. From the security aspect if user take all necessary steps to secure BTC it can be almost 100% sure in this regard.Risk of price go down&losing value can not be eliminated,a person who does not want to take that risk should invest in something less risky. I think that Bitcoin investment is the same to invest to gold, dollar or stock. However, the crypto currency market is a new investment trend and of course if you catch it up then the opportunity to earn a lot of money. Of course, when the market go down, saturated as stock market, then there are huge risks. Everyone known that whatever the high profitable market included high risk. If you would like to invest in bitcoin, you must be consider and think of it carefully. Title: Re: Bitcoin saving is not safe Post by: poplolnman on January 25, 2018, 07:38:19 AM Yes you are right that saving bitcoin is having a lot of risk compare to other investments but think those who had hold the bitcoin from the time when it was of less than 200$ till now,they become millionaire. So i will suggest you to save altleast few bitcoins for future. Yeah that's worth in the end to put your money as savings or long term investment, just give it a shot to buy Bitcoin and hold it from now to the next 2 years. High Risk would always be part of crypto investment , there's no safe place as the potential to get bigger return waiting in front of you. So just put the money you can afford to lose and forget it for certain period. Title: Re: Bitcoin saving is not safe Post by: Rubble898zaitO on January 25, 2018, 07:38:26 AM Risky? yes definitely, all investments are. Risk is part of life, there is risk in anything and i mean everything that we do. That is why you have to make sure that you are equipped and ready for whatever will happen. If you believe in the bitcoin blockchain technology and your trading instincts and skills why not go for it, if it gives you possibility of a better life. Well, no guts no glory if I my say. :)
Title: Re: Bitcoin saving is not safe Post by: quocsi on January 25, 2018, 07:44:06 AM Yes, I agree with your opinion. Bitcoin savings are now quite risky because its value is not the same with other currencies. It is not stable. I think you should save a little should not invest all. it would be better for you.
Title: Re: Bitcoin saving is not safe Post by: Genosx on January 31, 2018, 03:20:55 PM Bitcoin saving is perfectly safe just provide some security measures like passwords. It is better to save bitcoins when the price is lower than the usual price.
It can double or triple your money without doing anything as the price goes up; more earnings to come with bitcoin. Title: Re: Bitcoin saving is not safe Post by: vv181 on January 31, 2018, 03:32:55 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) There is a chance your Bitcoin getting hacked because you are dumb enough to not set the safest security on your Bitcoin, just image your lying up you wallet in the public places, there will be a high possibility the wallet will be lost.The Bitcoin network has been proved to be secure since the invention of Bitcoin 2009. After that long, we never heard any Bitcoin network vulnerabilities that can make the BItcoin 'hacked'. Well, you said Bitcoin is not saving, while you said the fluctuations is still high in the Bitcoin market. Isn't saving is for a long-term?. I believe because the nature of Bitcoin is has a limited supply the price will rose over time. Title: Re: Bitcoin saving is not safe Post by: Raju Ahammed on January 31, 2018, 03:42:06 PM In this crypto world bitcoin is the icon off all currency.If any one want to saving his bitcoin for future,it will be the best think of his life.Because bitcoin holding is the best way to earn money .But there is a small risk.if any one lost his privet key or show in public place his privet key he will lost his crypto currency.
Title: Re: Bitcoin saving is not safe Post by: deepakg2m on January 31, 2018, 03:50:28 PM The thing is not that BITCOIN is not safe its just a bit risk which every trade is actually.So i don't think there is something to think over like that.Just stay calm and be patient.
Title: Re: Bitcoin saving is not safe Post by: ogini on January 31, 2018, 04:01:58 PM There are better ways to protect your Bitcoin and keep it out of risk or from hackers,such as the offline wallet,so you can completely say Bitcoin is not safe.
Title: Re: Bitcoin saving is not safe Post by: shezu007 on January 31, 2018, 04:13:53 PM No, Bitcoin saving is surely safe there is no issue in saving in bitcoin. you can just keep your bitcoin in your bitcoin wallet but you should need to secure your password and bitcoin wallet ID while also you need to secure your system from hackers because hacker can hack your PC and can theft your password and can out your BTC from your wallet.
Title: Re: Bitcoin saving is not safe Post by: DU18 on January 31, 2018, 04:18:49 PM Actually saving means you are keeping your money on wallet.Literally, you are investing money on bitcoin.And we all know investing is always risky.Every system has it's two sides.Bitcoin can give you good profits and also can reduce your investment.But since bitcoin hasn't disappointed us for long time that's why we keep investing on bitcoin.Because it's more profitable than any other coin.And in my side,I didn't lose a single penny for keeping bitcoin on my walket.So I don't agree that saving is actually risky or not safe.
Title: Re: Bitcoin saving is not safe Post by: coin163 on January 31, 2018, 04:25:21 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Agreed bitcoin too risk to hold as saving but just about it price not because hacker etc. Due you can hold it in cold wallet which safe enough for you to hold it forever with risk in this way.The risk in my opinion as you said just because it value easy to evaporate. So about this bitcoin is unsafe as long term investment for me. BTW, I only invest in real estate as well :) Title: Re: Bitcoin saving is not safe Post by: moetimas on January 31, 2018, 04:27:53 PM To access bitcoin security, it depends how you save it. Use the many recommended wallets in this forum, one of which is the offline wallet. bitcoin protocol network is very powerful and I also have never heard of hacker attacks. Gold and dollar are more stable than cryptocurrencies such as bitcoin. but as one bitcoin user, I feel comfortable, and because of the price fluctuations, I can also quickly gain profits.
Title: Re: Bitcoin saving is not safe Post by: Maksik198188 on January 31, 2018, 04:31:14 PM the economy of bitcoin is unsafe because of high risk for hacking
Title: Re: Bitcoin saving is not safe Post by: AnonBitCoiner on January 31, 2018, 04:35:07 PM The thing is not that BITCOIN is not safe its just a bit risk which every trade is actually.So i don't think there is something to think over like that.Just stay calm and be patient. I won't accept your point.As compared to gold, diamond and even platinum, bitcoin is the best option.I think you don't know about the safe and security in bitcoin.Even you can use cold storage to safe your bitcoin wallet.Even you can use of two factor authentication to safe your wallet. Title: Re: Bitcoin saving is not safe Post by: stevemichael on January 31, 2018, 04:35:13 PM No it's not like that, opposite to it, Bitcoin saving makes your future bright.
Think those who save the bitcoin and now all are become Millionaire. Title: Re: Bitcoin saving is not safe Post by: FRJ on January 31, 2018, 04:40:30 PM Oh really?? Are you sure bro??NO WAY!!Bitcoin cannot be hacked.You will have a online wallet where you can store your bitcoins.The wallet will be controlled by you.Only you can know the address.The security is so high too.It is almost impossible to hack your account.Again,if you feel some risk,though it is not,you can store your bitcoin in any offline wallet.It would be better for you. Then,there will be no chance of your bitcoins to be hacked.
But,you must realize that you much have the ability to take any risk if you want to get greater interest. Thank you... Title: Re: Bitcoin saving is not safe Post by: bitcoinvamp on January 31, 2018, 04:42:32 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) I don't think you have proper knowledge of what u are stating here. Bitcoin is very safe and hacking and stealing your bitcoins is not possible until you don't protect your wallet with a password or you gave your private key or pin to a person who cannot be trusted otherwise there is no chance. And fluctuations in bitcoin or cryptocurrency normal as if the price would be stable then there is nothing left to invest as there would be no profit or loss. But , if the price is going up and down that there is a good chance that you would get good profit out of your investment.Title: Re: Bitcoin saving is not safe Post by: Marry Finch on January 31, 2018, 04:51:08 PM If we are talking about saving funds, I can say that this is unsafe. This is not regulated in all countries at the legislative level, exchange rates are incomprehensible and the volatility of this market is very high. The possibility of hacking hackers is very high.
Title: Re: Bitcoin saving is not safe Post by: siddu67 on January 31, 2018, 04:52:38 PM Sorry to say that your statement is not right.Because people of all over the world are saving bitcoin and also investing in bitcoin.There is no way to cheat anyone through bitcoin because no one can control bitcoin even the inventor.That's why bitcoin is totally safe.
Title: Re: Bitcoin saving is not safe Post by: samtarly on January 31, 2018, 04:54:23 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) I think newbies like you should make a thorough research first before putting your insights here in the forums, it only proves that you just want to rank up here and later on join signature campaign for profit purposes.first of all personal wallet can't be hacked and 2nd is the prices of crypto will not always pump up and that is the part of the risk of this investment, just like any other investment it will always have a risk attached to it. Title: Re: Bitcoin saving is not safe Post by: Babylon on January 31, 2018, 05:20:52 PM Sorry to say that your statement is not right.Because people of all over the world are saving bitcoin and also investing in bitcoin.There is no way to cheat anyone through bitcoin because no one can control bitcoin even the inventor.That's why bitcoin is totally safe. Then why would you put the topic title in that way? If you do believe then you should be saying that Bitcoin saving safe and not as stupid as you.Title: Re: Bitcoin saving is not safe Post by: Geoll29 on February 01, 2018, 01:45:04 AM There really is risk in every investment like bitcoin. We can not blame you to worry about bitcoin's fluctuating price. Invest only the money that you can afford to lose. And always remember that the reward is far more higher than losses.
Title: Re: Bitcoin saving is not safe Post by: adsadsx on February 01, 2018, 02:40:14 AM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) I think newbies like you should make a thorough research first before putting your insights here in the forums, it only proves that you just want to rank up here and later on join signature campaign for profit purposes.first of all personal wallet can't be hacked and 2nd is the prices of crypto will not always pump up and that is the part of the risk of this investment, just like any other investment it will always have a risk attached to it. Different people on the "safety" is not the same definition, be sure to study it yourself, do not trust anyone. Bank savings and the risk of inflation depreciation, bitcoin although the risk is relatively large, but the returns are high. Title: Re: Bitcoin saving is not safe Post by: yuyuchain on February 01, 2018, 02:44:27 AM I also think Bitcoin savings is unsafe, because hackers can invade your wallet, and lost bitcoin you will not be able to get it back.
Title: Re: Bitcoin saving is not safe Post by: CoinChili on February 01, 2018, 02:47:15 AM I also think Bitcoin savings is unsafe, because hackers can invade your wallet, and lost bitcoin you will not be able to get it back. wallets is supposedly secured by you, it is duly your responsibility how you will secure it, this is also true to physical wallet for fiats, do you expect to go complacent while your wallet is exposed to public without being worried to get stolen. :D Title: Re: Bitcoin saving is not safe Post by: Skyshark on February 01, 2018, 02:48:02 AM There are what we call cold wallets, where you could save or hold bitcoins and other cryptocurrencies offline, which means the chance of hackers hacking your accounts or wallet is very small. The real matter here is Holding bitcoin as well as other cryptocurrencies is very risky, I wouldnt say that it is safe, the term that I prefer to use is risky. But, although the risk of losing large profit or investment is always at the door, the chance of making it big is as big as well. meaning to say that, investing in cryptocurrencies has this risk, so anybody who wants to jump in the cryptoworld should be ready to tako on the risk.
Title: Re: Bitcoin saving is not safe Post by: melted349 on February 01, 2018, 02:50:51 AM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) I think newbies like you should make a thorough research first before putting your insights here in the forums, it only proves that you just want to rank up here and later on join signature campaign for profit purposes.first of all personal wallet can't be hacked and 2nd is the prices of crypto will not always pump up and that is the part of the risk of this investment, just like any other investment it will always have a risk attached to it. Different people on the "safety" is not the same definition, be sure to study it yourself, do not trust anyone. Bank savings and the risk of inflation depreciation, bitcoin although the risk is relatively large, but the returns are high. Title: Re: Bitcoin saving is not safe Post by: Dapper on February 01, 2018, 02:51:55 AM Technically safe if you're careful. Investment wise, of course it's high risk because we don't even know if it's lifespan will be .5 or 100 years. But that is the same for every human.
Title: Re: Bitcoin saving is not safe Post by: sneeze11 on February 01, 2018, 03:05:06 AM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Bitcoin saving is safe if you just protect it from others, yes there's a chance that you are being hacked by others but who are here letting it happened? If you trust bitcoin you can't say that bitcoin saving is not safe I think you are a negative thinker person because you always look on negative side. Title: Re: Bitcoin saving is not safe Post by: Dexion on February 01, 2018, 03:11:04 AM yes, you are right, the crypto world is often hacking, and not just bitcoin can be hacked, but also crypto market is easily hacked by hackers, as happened in japan, crypto exchanged coincheck 7.1 trillion in NEM . and this coincheck has the largest crypto trading volume reaching 32%. and as a result of this occure, the crypto value becomes a drops.
the conclusion, that we must know first about the world of crypto before plunging, yes, the profits are great, but the risk is much higher. look at! the largest crypto exchange is easy to hack, and what about our bitcoin wallet. very easy for hacker.so lets safe or wallet with privasi, or authy, and other way. Title: Re: Bitcoin saving is not safe Post by: Dilladupak on February 01, 2018, 03:21:53 AM If we keep a bitcoin or coin in our personal wallet for me, it's very safe to store bitcoin in my personal wallet to hold and sell bitcoins at higher prices to get more profit, but the security of our wallet depends on our own desires. My private key can not be accessed by anyone, except myself.
Title: Re: Bitcoin saving is not safe Post by: buhuchain on February 01, 2018, 06:53:32 AM I also think Bitcoin savings is unsafe, because hackers can invade your wallet, and lost bitcoin you will not be able to get it back. You're right, my wallet has been hacked, the key is no place to get it back.Title: Re: Bitcoin saving is not safe Post by: HatakeKakashi on February 01, 2018, 07:02:08 AM Saving bitcoin is worth it because you can make more profit in the future. Because they have many hackers now in the online so you need to secure your accounts to them. Because once hacker gets your account for sure you lose your bitcoin. You need to save your bitcoin to the wallet have 2FA incase other people wants to open your account you will be aware or warn and you will stop them trying open your bitcoin wallet. Don't clink shortern link that gives to you because maybe it gets only informatio about your account.
Title: Re: Bitcoin saving is not safe Post by: Quarantine34 on February 01, 2018, 03:03:47 PM I don't think so, because many people now investing in bitcoin and some of there bitcoin is in the wallet to saved it. Because more supermarket stores now is accepting bitcoin as payment. Afraid of hackers? Ofcourse! the best things to do now is to secured your bitcoin in your account
Title: Re: Bitcoin saving is not safe Post by: codered000 on February 01, 2018, 03:12:28 PM Every investment you make is taking a big risk, whether it's a business investments, stocks, real state, and of course cyrptocurrency. In investment, you're not sure if the money you invested will grow or drop that's why it's a gamble because you're not sure of the future. And because of bitcoin's volatility, investing in it is very risky but if you're saying that it's prone to hackers, it depends on how you guard your wallets and private keys. Just be cautious of the websites your giving your address and always use your common sense, that why you won't get hacked.
Title: Re: Bitcoin saving is not safe Post by: piter_wip12592 on February 01, 2018, 03:13:09 PM If I was, I would never let my bitcoin in my purse and wait for bitcoin to rise. I often bring bitcoin to invest in potential ICO projects or projects that I find to be profitable. I use bitcoin as a tool to invest rather than to bitcoin in the wallet.
Title: Re: Bitcoin saving is not safe Post by: lelylely on February 01, 2018, 03:17:22 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Indeed, the value of bitcoin is unstable, and the price is determined by the market. Bitcoin is very safe if you can keep your private key and no one can steal bitcoin from your wallet. Title: Re: Bitcoin saving is not safe Post by: shezu007 on February 01, 2018, 03:19:28 PM I don't think so that bitcoin saving is not safe.
Security of bitcoin is full proof no one can claim security of bitcoin and that is the major reason that people from the world are investing their huge money. So don't think negatively about bitcoin security. Your investment in bitcoin will always be safe. Title: Re: Bitcoin saving is not safe Post by: _Mikasa_ on February 01, 2018, 03:24:09 PM I think your way of thinking is too negative. Saving bitcoin or any other cryptocurrency for that matter is okay as long as you protect yourself from hackers and malwares. Looking at your choice of words, it seems like you don't trust crypto industry for that matter. Digital money is the new technology and we have to learn to accept and adapt in this change.
Title: Re: Bitcoin saving is not safe Post by: KolinBitcoin on February 01, 2018, 03:24:37 PM what is bitcoin saving???
Title: Re: Bitcoin saving is not safe Post by: lunaalthea on February 01, 2018, 03:28:28 PM I don't get you. Why bother going here in this forum if you don't have any faith in the very foundation of cryptocurrency. Of course it is possible for the wallets to be hacked, using or saving crypto is always involved on the internet. If you are saying about investment, it actually depends. I believe that other cryptocurrencies out there has more investment return at the moment.
Title: Re: Bitcoin saving is not safe Post by: l0uisStanley on February 01, 2018, 03:29:30 PM I don't believe in bitcoin being hacked. I see bitcoin as a long term investment so for me is very safe to hold it. It is a strong cryptocurrency
Title: Re: Bitcoin saving is not safe Post by: wildflower18 on February 01, 2018, 03:30:03 PM I don't think so that bitcoin saving is not safe. It is not good to think negative about bitcoin. Thinking negatively about it could not help you to adopt the changes and it could not lead you to become successful in this crypto world. Bitcoin is safe the more important is your holding or saving the private details to avoid scam or hack by others. All investment is risks just be cautious and choose wisely on saving it. Security of bitcoin is full proof no one can claim security of bitcoin and that is the major reason that people from the world are investing their huge money. So don't think negatively about bitcoin security. Your investment in bitcoin will always be safe. Title: Re: Bitcoin saving is not safe Post by: Bountyhunter01 on February 01, 2018, 03:39:40 PM Yes I know that the bitcoin saving is so very risky. Anybodies no hacked your account when you take of carefull use your account.
Title: Re: Bitcoin saving is not safe Post by: KolinBitcoin on February 01, 2018, 03:40:35 PM so if you download the wallet there is an hacking possibility?? ???
Title: Re: Bitcoin saving is not safe Post by: Snail2 on February 01, 2018, 03:44:56 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Wow! What an enlightening, wise and still surprising post :/. Is it volatile? Really? Perhaps this is a new thing for you mate, but that's why you can make some good gains in a relative short time period by trading BTC. "or the ability the network system attacked, you lost all bitcoin in the second." You obviously have little knowledge about the topic you trying to talk about :). "because the possibility being hacked is so high," FYI there are thousand times more credit cards being "hacked" every day then BTC wallets. Also you can decrease your chances to be hacked by a large percentage by using some basic IT security practices. Any other bright observations :)? Title: Re: Bitcoin saving is not safe Post by: buyinbtc on February 01, 2018, 03:48:07 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Indeed, the value of bitcoin is unstable, and the price is determined by the market. Bitcoin is very safe if you can keep your private key and no one can steal bitcoin from your wallet. You have to be very stupid to have your private keys stolen. Bitcoins are much safer than gold or fiat. Even if bitcoin's price falls down, you don't lose any bitcoins, you only lose value of USD. So you can just wait, if you have time, till price will rise again to sell them to get profit. Title: Re: Bitcoin saving is not safe Post by: September11Myth on February 01, 2018, 03:54:35 PM I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution. ::) ::) Oh Dear, please, please read around the forum before posting such stupidity. What do you mean network system attacked? Do you have any idea what you are talking about? Maybe what you heard about people losing their bitcoin is (1) they put their funds on a exchanges, so when a hacked happened on that exchange, your money is gone, (2) you didn't protect your wallet, - password is not strong, or you give your private key to someone untrusted. Fluctuations is part of the nature of bitcoin, If you don't know how to handle fluctuations, you shouldn't be in bitcoin investment. Bitcoin price is based on supply and demand, so its another factor that you need to understand before talking about fluctuations, volatility and unstable price. Yeah, that guy has close of no idea of what he's talking about, he is just mimicking what he has read around and assembling the concepts in a semi-random way. Title: Re: Bitcoin saving is not safe Post by: newb-dev on February 01, 2018, 03:57:14 PM Don't believe everything that negative people spread on the internet. Bitcoin is safest being hold than withdraw now. Consider it a long term investment. Don't check your wallet every hour
Title: Re: Bitcoin saving is not safe Post by: AltheaHeart14 on February 02, 2018, 12:55:24 PM Every investment has its own risk, but safety of your investment was defend on you, you have the primary responsibility on your investment. Every investment has it own safety that defend on you, for example you have the private key for your bitcoin wallet that you protect, interms of price just lets wait for the perfect timing to do our investment.
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