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Author Topic: Is Bitcoins safe?  (Read 90051 times)
Labumi
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September 09, 2016, 01:11:33 PM
 #1221

btc is "sure" but there is always a risk.
you can loss the priv key, you can loss your password, you can potential trust a site that is not good and send your btc...

Probably it's one of the best way to store "extra money" just because are invisible and pretty sure (with some precautions)


if only hold bitcoin I think it's safe, lost password it is a mistake yourself.
as long as you keep the good it would be safe. because all this time I never get lost passwords or priv key.

And losing access to private keys are users fault and not the bitcoin itself.

People are happy that they have freedom in bitcoin but always on a verge of loneliness when they lost bitcoin due to user's mistakes.

It is true, most people liked the bitcoin because they want to have the riches that could not know by someone. So they could freely or free to do whatever they want. Bitcoin is indeed very lucrative, but if we are wrong to use it then it would be a weapon that could destroy us
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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September 09, 2016, 01:48:26 PM
 #1222

btc is "sure" but there is always a risk.
you can loss the priv key, you can loss your password, you can potential trust a site that is not good and send your btc...

Probably it's one of the best way to store "extra money" just because are invisible and pretty sure (with some precautions)


if only hold bitcoin I think it's safe, lost password it is a mistake yourself.
as long as you keep the good it would be safe. because all this time I never get lost passwords or priv key.

And losing access to private keys are users fault and not the bitcoin itself.

People are happy that they have freedom in bitcoin but always on a verge of loneliness when they lost bitcoin due to user's mistakes.

It is true, most people liked the bitcoin because they want to have the riches that could not know by someone. So they could freely or free to do whatever they want. Bitcoin is indeed very lucrative, but if we are wrong to use it then it would be a weapon that could destroy us

That's why self mentality is the key in owning bitcoin.

If they are taking care of their bitcoin they must hold it by themselves, meaning no other exchangers will hold their coins.

About your last statement, it will depend if all goes in a wrong way.
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September 09, 2016, 02:20:33 PM
 #1223

Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
Yes ofcourse bitcoin is safe , you can use blockchain.info for the wallet i use this since i started using bitcoin and i have full of trust of bitcoin and this wallet where i stock my bitcoin or my earning dialy in signature campaign i never stock or holds my bitcoin in exchange
That is safer because blockchain.info will never be hack like what happen to some major exchanges, I am also trusting blockchain for my bitcoin but I do not just put it their as I invested some of my bitcoin in an online gambling sites, I feel safer when I see my money is growing, I would say investing in gambling site is profitable.
But way back blockchain.info is has been hacked you remember the day that blockchain was hacked? and lots of bitcoin are gone or steal and now i can 100% say that blockchain.info are upgrade there website security and its 100% secured than other bitcoin wallet and im trusting all my bitcoin with blockchain
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September 09, 2016, 02:27:32 PM
 #1224

The bitcoin is safe but keep in mind that investing in it stays risky you can protect it with a wallet so on that way its safe but on the investment side, its not stable at all.
This means that it can fall and that you can lose big bucks if the bitcoin falls apart.
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September 09, 2016, 08:15:46 PM
 #1225

Yes, in my opinion the bitcoin is very safe, the bitcoin has a very  good future and  its one of  the safest pay methods  available. I even think its  more secured than a bank in my opinion.
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September 09, 2016, 08:27:45 PM
 #1226

Yes, in my opinion the bitcoin is very safe, the bitcoin has a very  good future and  its one of  the safest pay methods  available. I even think its  more secured than a bank in my opinion.
Yeah you are right that bitcoin is very safest and everyone are adopting bitcoin and maximum people are going to store their money in bitcoin because bitcoin transaction fees is very much lower than bank.
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September 10, 2016, 01:26:53 AM
 #1227

Yes, in my opinion the bitcoin is very safe, the bitcoin has a very  good future and  its one of  the safest pay methods  available. I even think its  more secured than a bank in my opinion.
Yeah you are right that bitcoin is very safest and everyone are adopting bitcoin and maximum people are going to store their money in bitcoin because bitcoin transaction fees is very much lower than bank.
But if you will compared the safety of using bitcoin against using bank, bitcoin is more safety. Only the transaction fee and being anonymous is the advantage of using bitcoin over bank so people are loving it.

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September 10, 2016, 05:42:40 PM
 #1228

As far as I know that bitcoin is out of reach. In other words, while the public service is not reached cryptocurrency and can not control them. This is good that people are not persecuted because of holding an illegal currency transactions.
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September 10, 2016, 10:37:20 PM
 #1229

I believe that bitcoin is very  safe and secured  technology, as I have not heard reports of people being hacked or scammed by hackers and scammers, when using safe  wallets and necessary security measures.  Things may be different in the exchanges through.
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September 10, 2016, 10:58:58 PM
 #1230

As of now i am not halving a problem about my bitcoins they are still there but experience that my balance is not safe is in coinbase i experience past few months  that i experience of delay it takes a weeks before they resolve the issue.

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September 10, 2016, 11:31:49 PM
 #1231

I believe that bitcoin is very  safe and secured  technology, as I have not heard reports of people being hacked or scammed by hackers and scammers, when using safe  wallets and necessary security measures.  Things may be different in the exchanges through.
technically it was not as safe as you think , especially for a newbie who did not know well about computer and something involved bitcoin coding & economics at same time , as bitcoin are about money and computer.

but as per op statement that he is concern about someone/ could be government to freeze his money then it was safe to store it in bitcoin.

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September 11, 2016, 12:21:17 AM
 #1232

btc is "sure" but there is always a risk.
you can loss the priv key, you can loss your password, you can potential trust a site that is not good and send your btc...

Probably it's one of the best way to store "extra money" just because are invisible and pretty sure (with some precautions)


if only hold bitcoin I think it's safe, lost password it is a mistake yourself.
as long as you keep the good it would be safe. because all this time I never get lost passwords or priv key.
At bitcoin i had lost 0,05btc into my electrum wallet when my pc just went rip, i werent able to recover because i didnt save the keys to unluck the wallet, i learned the lesson, i just use blockchain wallet, wich i believe its safe. If i do feel they are not safe anymore i will move my coins into some wallet, not online for sure. But yes bitcoin its solid and with a great security process around it.
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September 11, 2016, 01:41:54 AM
 #1233

In my opinion, Bitcoin is backed by a very  safe technology. Many people use it so  it is very important that it  must be safe . Otherwise, they are not going to use it.  The online wallets are also very safe and  that is very good . It have a good  combination together.
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September 11, 2016, 02:06:35 AM
 #1234

Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
in my opinion there is no risk to kept your all asset in btc . if you are afraid that anyone can steal all your money ( in btc ) then you are wrong . you should never share your password and email password you will never get any loss of your money .

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September 11, 2016, 02:35:19 AM
 #1235

Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
in my opinion there is no risk to kept your all asset in btc . if you are afraid that anyone can steal all your money ( in btc ) then you are wrong . you should never share your password and email password you will never get any loss of your money .

The risk is all their, because your money could be stolen and there is also a possibility that the value of bitcoin will be worthless, but if you are a real supporter and investor you would take that risk and stay firm in your decision to invest in bitcoin.

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September 11, 2016, 03:11:18 AM
 #1236

In my opinion, Bitcoin is backed by a very  safe technology. Many people use it so  it is very important that it  must be safe . Otherwise, they are not going to use it.  The online wallets are also very safe and  that is very good . It have a good  combination together.
Yes bitcoin is backes to normal with high safe technology it self . Many people are showing some interest for usong bitcoin not because bitcoin are popular on their country but because they want a something new to do in their life bitcoin now for me is 200% safe not life before.

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lionheart78
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September 11, 2016, 06:14:42 AM
 #1237

Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
in my opinion there is no risk to kept your all asset in btc . if you are afraid that anyone can steal all your money ( in btc ) then you are wrong . you should never share your password and email password you will never get any loss of your money .

The risk is all their, because your money could be stolen and there is also a possibility that the value of bitcoin will be worthless, but if you are a real supporter and investor you would take that risk and stay firm in your decision to invest in bitcoin.

In bitcoin, there is no question about the security coded in the system but the problem there is in the user on how he will setup his own security so that his bitcoin wont be hacked or stolen by some malware.  And I think bitcoin will take sometime to become worthless but i doubt it will happen because the base users of bitcoin is well established and as far as I know there is already a multi billion dollar involved in bitcoin economy.

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crossabdd
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September 11, 2016, 06:21:55 AM
 #1238

Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
in my opinion there is no risk to kept your all asset in btc . if you are afraid that anyone can steal all your money ( in btc ) then you are wrong . you should never share your password and email password you will never get any loss of your money .

The risk is all their, because your money could be stolen and there is also a possibility that the value of bitcoin will be worthless, but if you are a real supporter and investor you would take that risk and stay firm in your decision to invest in bitcoin.

In bitcoin, there is no question about the security coded in the system but the problem there is in the user on how he will setup his own security so that his bitcoin wont be hacked or stolen by some malware.  And I think bitcoin will take sometime to become worthless but i doubt it will happen because the base users of bitcoin is well established and as far as I know there is already a multi billion dollar involved in bitcoin economy.

safety in saving yes it depends on the user, so far I am very safe. but sometimes anything can happen, examples such as hackers on major sites like bitfinex. so putting money in the exchanger can be unsafe, but in the wallet is very safe, as long as you either keep it.
BeGoods
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September 11, 2016, 07:37:24 AM
 #1239

Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account?  What permissions they need , to freeze all my money ?
in my opinion there is no risk to kept your all asset in btc . if you are afraid that anyone can steal all your money ( in btc ) then you are wrong . you should never share your password and email password you will never get any loss of your money .

The risk is all their, because your money could be stolen and there is also a possibility that the value of bitcoin will be worthless, but if you are a real supporter and investor you would take that risk and stay firm in your decision to invest in bitcoin.

In bitcoin, there is no question about the security coded in the system but the problem there is in the user on how he will setup his own security so that his bitcoin wont be hacked or stolen by some malware.  And I think bitcoin will take sometime to become worthless but i doubt it will happen because the base users of bitcoin is well established and as far as I know there is already a multi billion dollar involved in bitcoin economy.

safety in saving yes it depends on the user, so far I am very safe. but sometimes anything can happen, examples such as hackers on major sites like bitfinex. so putting money in the exchanger can be unsafe, but in the wallet is very safe, as long as you either keep it.
I think not on exchanges only. may be done in an online wallet which is owned by a third party. where third parties have access to bitcoin pf users. so I think you have to be careful with any third party that you are using. I thought the purse would be safe. but fluctuations may be quite risky
Fatanut
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September 11, 2016, 08:31:26 AM
 #1240

The safety of your Bitcoins would depend on how secure your account is and the bitcoin wallet website that you're using. Your coins surely will not be safe if the website that you're using is not secure in the first place.

Your password is the next thing to look at, are they secure or is it just your name + date of birth? If so, change your password immediately. A random combination of numbers and letters would be great even though it will be hard to memorize.

Do you have 2FA? If not, then activate it right away. Download Authy from PlayStore and go to your wallet website, then look for the activation of 2FA. If the wallet website doesn't have this feature, then that website surely is late with the trend. Use a different wallet website then.

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