Bitcoin is very safe coin because of good developers

[Phu Juck]

Security is a very important topic in Blockchain applications and Bitcoin has proven to be reliable here, while many Altcoins have struggled to do so. For us, when our money is at stake, we need to do our research how a Coin is different, advantages, disadvantages to prevent a loss due to education.
Here's a list after my research.



1. Bitcoin is well reviewed

When Bitcoin was invented, it was set up to be a big security. Hacks should be impossible and get prevented by good code. Bitcoin attracted and still has a very large community of really educated developers.
Bitcoin has a very reliable coder community, where flaws will be detected early before implementation and no risks are being taken. Many much smaller coins have a very flawed code review process.
A large and educated coder community reviewing code during testing times is an important advantage for Bitcoin.

And luckily, it saves us from possible hacks, when hackers are prevented from detecting flaws faster because all flaws are removed before implementation.
We have seen so many hacks, where a flawed code was exploited and people lost money, like for Altcoin cross chain bridges recently or when Terra Luna failed.
Still, people are buying coins from unreliable coders like Tron from Justin Sun or even weaker DeFi coins like Acala Stablecoin from Polkadot’s supplier Web 3.
Unfortunately, some people will only learn after a loss.

Some coins are very centralized and have a single point of failure like Solana, when it was down several times or devs have much power like in Binance Coin or Tron.
And DeFi coins can easily print some more coins / tokens into existence.
Bitcoin is having a big advantage here.



2. Bitcoin has PoW

It is big controversy for a long time, if a coin makes PoW or PoS, like it was for Ethereum [ETH]. Not for Bitcoin because Bitcoin developers have decided PoW is best because of security. From what Experts have said so far, PoW is very hard or almost impossible to compromise instead of PoS, where more attack vectors can be found. Like Corona, we should trust mayority of experts who have education and experience in an issue. Satoshi implemented PoW not PoS because Satoshi knew. He was very experienced and called it right.
PoS can be abused by rich stakers and makes a project centralized in many ways like premined coins and devs can create much influence by staking a large amount of PoS coins. PoW is not having such issues.




3. Security is Bitcoin’s priority

As for a safe cryptocurrency, security standards are very important. First point, we need security standards and Satoshi implemented it right himself, when he developed Bitcoin. Early Bitcoin developers added more security standards. Second point is after some time, to NOT remove such security standards. First point and especially second point are relevant to many Altcoins, which is a big issue for Altcoins.
Many Altcoins don’t offer anymore to create private and public keys to prove ownership of funds and access it. It is very concerning and seems mind blowing to many experienced coders.
For example, when creating a Solana wallet or similar new Altcoins. Altcoin developers are not focussing on security.
Or even MEW is bitching around more and more every time going away by implementing insecure patches. We need to have our private key offline.
Many Altcoins are leaving people vulnerable which is very concerning.
Bitcoin is better like Electrum for example. Its design is not so nice but Electrum is good tech and recommended by many experts.

Bitcoin is still having very high security standards today because of Bitcoin does not want to build a hype coin, Bitcoin wants to build a safe coin.
It is our duty to select a safe coin instead of an unsafe hype coin.

[BIT-BENDER]

Is anyone debating about Bitcoin safety? It's time to move on from beating on the same thing over and over again. Bitcoin is ahead of other Crypto-currency in every area and the documentation of Bitcoin safety is available even on this forum all you have to do is start your research.

[Jaycoinz]

Is anyone debating about Bitcoin safety? It's time to move on from beating on the same thing over and over again. Bitcoin is ahead of other Crypto-currency in every area and the documentation of Bitcoin safety is available even on this forum all you have to do is start your research.

There is a reason why it is called the king of coins, there are virtually tons of huge companies also hoarding Bitcoin and would you think they would invest on it if it wasn't safe and secure ? A whole ass country has its reserve as Bitcoin and also a lot of other whales in the market who have come to know that Bitcoin is one of the secured asset anyone can think of having and there is no argument there.

[Lembo69]

Bitcoin is a popular and safe currency, whose wallet you can carry on your phone and if you have the opportunity, you can check yourself whether your Bitcoin assets are safe or not. People have been investing in Bitcoin for many years because Bitcoin is a safe currency. In simple terms, you are the owner of Bitcoin, there is no second person in it. Developers of many big companies are also now investing in Bitcoin. Because they have realized that it is only a matter of time before a currency that threatens Bitcoin comes to the market. Bitcoin is definitely a safe and reliable currency.

[Phu Juck]

Bitcoin is definitely a safe and reliable currency.

Bitcoin is a very safe and reliable currency. It is decentralized and scarce and it can be compared to digital gold because gold is also very scarce and people collect it, like Bitcoin can be collected as well.
When Lembo, when Moon? 

[cxtreenal]

Bitcoin is definitely a safe and reliable currency.

Bitcoin is a very safe and reliable currency. It is decentralized and scarce and it can be compared to digital gold because gold is also very scarce and people collect it, like Bitcoin can be collected as well.
When Lembo, when Moon? 

Bitcoin is more reliable than you might be thinking. It's not yet scarce but you may have to spend a lot more dollars to buy each fraction in the future. Saving Bitcoin can make your investment capital more valuable than holding valuable assets like gold.

[Phu Juck]

Bitcoin is definitely a safe and reliable currency.

Bitcoin is a very safe and reliable currency. It is decentralized and scarce and it can be compared to digital gold because gold is also very scarce and people collect it, like Bitcoin can be collected as well.
When Lembo, when Moon? 

Bitcoin is more reliable than you might be thinking. It's not yet scarce but you may have to spend a lot more dollars to buy each fraction in the future. Saving Bitcoin can make your investment capital more valuable than holding valuable assets like gold.

Bitcoin is very scare already and it can be compared to gold, what is produced in gold today, Bitcoin can already compete. And it will only get better for Bitcoin from here because every halving, Bitcoin will get scarcer.

[Finebone]

Bitcoin is definitely a safe and reliable currency.

Bitcoin is a very safe and reliable currency. It is decentralized and scarce and it can be compared to digital gold because gold is also very scarce and people collect it, like Bitcoin can be collected as well.
When Lembo, when Moon?  

Bitcoin is more reliable than you might be thinking. It's not yet scarce but you may have to spend a lot more dollars to buy each fraction in the future. Saving Bitcoin can make your investment capital more valuable than holding valuable assets like gold.

Bitcoin is very scare already and it can be compared to gold, what is produced in gold today, Bitcoin can already compete. And it will only get better for Bitcoin from here because every halving, Bitcoin will get scarcer.

To buttress you sentiment bro, Bitcoin is just like a teenager that is still growing up, so their is more room for growth and popularity than gold that have gotten to it peak price, just look at both of them performance in the past ten years, the performance of gold is nowhere near as good as Bitcoin, and I am very confident that Bitcoin will do even more better in years to come.

[Uhwuchukwu53]

Is anyone debating about Bitcoin safety? It's time to move on from beating on the same thing over and over again. Bitcoin is ahead of other Crypto-currency in every area and the documentation of Bitcoin safety is available even on this forum all you have to do is start your research.

Allot of write up is already in the forum that clear the safety of Bitcoin, just as you have said it clear I see op as one who research towards this is new and want to express it's feeling, though is good to know more mostly anything one is investing in good security knowledge is necessary, only those who lack knowledge that will still puzzle about how safe Bitcoin is to carry out their investment, op I commend is also a good work in knowing more about Bitcoin.

[sotelorene]

Bitcoin is definitely a safe and reliable currency.

Bitcoin is a very safe and reliable currency. It is decentralized and scarce and it can be compared to digital gold because gold is also very scarce and people collect it, like Bitcoin can be collected as well.
When Lembo, when Moon? 

Bitcoin is more reliable than you might be thinking. It's not yet scarce but you may have to spend a lot more dollars to buy each fraction in the future. Saving Bitcoin can make your investment capital more valuable than holding valuable assets like gold.

Bitcoin is very scare already and it can be compared to gold, what is produced in gold today, Bitcoin can already compete. And it will only get better for Bitcoin from here because every halving, Bitcoin will get scarcer.

Yes, I think it is because of it scarcity that is making the price of it to surge more higher because if it was rampant the value would have decrease even more by now and currently the demand of Bitcoin is very high ( countries are using it as reserve and some are Investing heavily) and this is the more reason it is scarce. But the most important thing is that anyone who is interested and is prepared can get it little by little via the DCA method and hold for a longer period of time because in years coming Bitcoin will be more scarce to get because the value will keep on surging and that is the more reason we should have it in our possession now.

[Cryptomultiplier]

I don't think Bitcoin is really scarce when comparing the number of individuals on the face of the planet versus the number of Bitcoin to be mined, of which is about 21million.
There is sufficient quantities for any amount one can afford, but it is just that at a certain time due to FOMO or panic caused by market fluctuations or even other reasons, individuals may be forced to let go of or acquire more of this asset because it is way more valuable because of its high demand and promising profit run in the future.

The success so far that Bitcoin has made from its launch till date makes it very valuable because it has originally fulfilled its mathematical projections in terms of the halving and other block chain calculations that meet the expected results the original and current developers have envisioned.

[nelson4lov]

I just want to point out a key reason why Bitcoin is "safe" compared to other projects in the space. The reason is because Bitcoin is fully open source and it's open in a way that anyone can contribute if they have the skills to. The reason why projects like Luna failed is because it was close source and I think it was because they were trying to retain some pf the rights to their novel "algorithmic stablecoin" lol.

But that's by the way. Security is part of the blockchain trilemma problem and Bitcoin has that one covered.

[BtcAnalyst1]

Is anyone debating about Bitcoin safety? It's time to move on from beating on the same thing over and over again. Bitcoin is ahead of other Crypto-currency in every area and the documentation of Bitcoin safety is available even on this forum all you have to do is start your research.

There is a reason why it is called the king of coins, there are virtually tons of huge companies also hoarding Bitcoin and would you think they would invest on it if it wasn't safe and secure ? A whole ass country has its reserve as Bitcoin and also a lot of other whales in the market who have come to know that Bitcoin is one of the secured asset anyone can think of having and there is no argument there.

And there are much more reasons why it is called the king of all crypto, Bitcoin completely drives the entire crypto market regularly, and being the first crypto, it has proven overtimes to attract investors with consistent demands. As a matter of facts, Bitcoin has the capacity to create scarcity with it's known limited supply.