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Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers
Well, as we can see, some investors, mostly known ones are investing to bitcoin, why would they invest if bitcoin isn't secure right? I would say bitcoin is secure, but first, as a commemorator, you should watch out for hackers and scams too! |
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Possibly! Because bitcoin nowadays is constantly doing its job to be the most handy in ways of banking! We'd expect more than these in the upcomming years!
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It is certainly possible though! a lot of surveys tells so, different views which tackles that every bit of salary consumed by the consumers is slowly increasing its rate, making the people with no job can find one!
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How Bitcoin Can Change The World?
Beside its way of intelligence in banking, a safer way, a secured social currency, and the way of earning money is really a certain spot that could change though. |
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I'm now 21, and I have about 99.9% of my wealth in Bitcoin, I started to accumulate since 2013 till today, almost going to buy every time there's a dip (consolidation).
Many people have same goal/dream like me, hoping that Bitcoin will grant them earlier retirement or luxury life, but what could go wrong?
What's the possible scenario that could render Bitcoin into worthless, and what're the probabilities of that happening?
Don't get me wrong, I love Bitcoin, and I like how it makes us able to afford luxurious stuff, but I also wanted to be mentally prepared for the worst possible scenario.
We should be though! being prepared is always a must is an era of which we can't be sure of what's going to happen in the near future! We can't tell really what is it but, for now, all we can do is taste its possibility to earn and keep safe! |
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Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?
Its possible to be the new currency! but we cant tell if its the new money! as for the bitcoins up point of its stability and strength to the internet, we can't tell if it can useful for buying stuffs sooner or the near future. |
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Why use Bitcoins ?
I keep seeing threads on “why don't people” ? The real question to me is Why would they ?
-The average consumer will go way out of their way to save money. Bitcoins cost more.
-The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenience and more hoops and complications.
I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.
I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor and person that follows evolving treads and markets. I am just struggling to see any.. benefits for the average consumer at this stage.
An average consumer can have any validation including different kinds of threads of bitcoin. Well, it can be hard at first, but thats the natural account of use of bitcoin, a fast way of banking and more. So what you do? Keep safe for campaigns though. |
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Bitcoin right now keeps on increasing its value, and many more cryptocurrencies are occurring.
Do you think someday bitcoin will end or will be replace by other cryptocurrencies?
Is it too late to invest?
Is there a chance that bitcoin will be down?
Its never too late to invest! As you can see, bitcoin is raising its rate! its stability is increasing! its strength is seen all over the world! This new internet buzz can make you feel sure of new world banking! Bitcoin is unstoppable! |
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the safest way to keep bitcoins is not to join inattentively to other projects or campaigns. It may scam or lure you. Better keep your bitcoins in the right place!
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Does Social Media Influence bitcoin growth?
Technically, yes. Because, the higher the rate of social media users the higher the investment expanse of bitcoin! some sites may connect about bitcoin investing with advertisements! and that may cause bitcoin to expanse its capability! |
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I don't think so, bitcoin is now known as the secured asset of investing, and investors have found eyes on its stability thats why we cant tell if its dangerous. But some sites thats connected with bitcoin is truely a scam thats why some doubt bitcoins security.
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is now too late to invest on bitcoin ?
Not really! some investors just joined and for month of investing, they have earned! isn't that amazing?! It's never too late just work hard!  |
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Some government ban bitcoin, because they haven't seen the security of it. Some of the campaigns other people joined are scams so maybe they heard of it. Or they just don't want another internet work freeze.
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Hey everyone
I was mining just for fun when in 2013/14 mining with a gpu was still viable. Since that day im wondering if it is too late to get involved in bitcoin even though I stopped thinking about it for a few years since I was about 15 years old with different things on my mind. Just recently I began wondering again: Is it too late to get involved in bitcoin? After the price blew up in 2014 I asked me the same thing and thought the hype is over and I am just too late. Even if bitcoin is a bubble and each bitcoin is overvalued who can safely tell when the bubble is going to pop if it ever will? I just think this is an awesome project with an equally awesome community despite the weird things in the altcoin section that tend to become more and more popular due to "weird" people picking up on the bitcoin hype caused by media and the increased internet awareness. Im talking about projects like "bigboobscoin" which is topped by some emojis in the title. Since I came along this project I want to own one of the 21M bitcoins to ever be created. In addition bitcoin has something magical to it which I cant put in words but the fact that satoshi never got identified gives me this feeling of a revolution of currency with the right intension. He never pulled out his round about 1 million btc. Well who knows maybe Satoshi is dead by now and his btc will never be touched. Bitcoin came out of the mind of a genious and is so much more worth than only "going to the moon".
Im just wondering if bitcoin and its community still got the same spirit or have the weird people and rich investors overtaken to ruin this project by treating it like a pump and dump shitcoin without a soul?
I hope my english is good enough to make you understand my thoughts and feelings.
Have a nice day.
It will never be too late! some just joined bitcoin and will consume money for the next months and that's amazing! As for me too, I'll continue the job and invest for nice effects ahead! |
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 I don't think so. Bitcoin is only valuable because its high currencies converts to high amount of money. But the conventional, local, or the natural money we have daily, can't be replaced by bitcoin because of its own technical responsibilities. 
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I don't think so. Bitcoin can prove its secure stabilization. But else where, we just can't tell if it can obtain those professional hackers that may intrude its works and work do's.
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Technically no, bitcoin is already known worldwide. And its stability is to prove that investors really appreciate its works and done. To prove, millionaires such as those well known people are already investing to this new kind of cryptocurrency!
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We can't really tell what bitcoin looks like in five years, it may bar down or it may increase its rates more and more, but basing on its natural statistics and stability, its strength of increasing its rates is more than a new internet buzz and it amazes investors more each days.
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Bitcoin is very famous nowadays and according to research, bitcoin is increasing its own stability to give people chance to gain money in very easy ways. That is why many people today are holding bitcoin, because its private assurances of money that is very known today.
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