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Author Topic: Is Bitcoins safe?  (Read 90051 times)
swogerino
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September 12, 2016, 03:10:54 AM
 #1261

I would like to think they are safe to use because I have used alot of them in the last little while and if I didn't think they were safe to use then I wouldn't be using them in the first place. Embarrassed

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September 12, 2016, 03:14:10 AM
 #1262

It depends on the users. The system fulfills its role by providing various security measures. But the users must take all necessary precautions to protect their data and their funds.
That's right, safe or not it's depends on the adaptation of the users in every form of security because just himself can try for looking what the type of security is can make him is feeling comfortable and safe, otherwise from that like you said the users will be sued for becoming a disciplined person for always securing their money and susceptive about the various critical situation and reason.
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September 12, 2016, 05:31:16 AM
 #1263

It depends on the users. The system fulfills its role by providing various security measures. But the users must take all necessary precautions to protect their data and their funds.
definitely right,although most of the case the problem that make bitcoin lost is the human themselves not enabling all the security option so the security could be easily bypassed by the hacker or even getting tricked,bitcoin definitely giving us freedom so does with the security

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September 12, 2016, 09:55:20 PM
 #1264

I'd say it's one of the safest payment methods that exist, if you ask me. That's why bitcoin is where it is today, for the capacity to provide for the users more security and an efficient way to make transactions.
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September 12, 2016, 11:46:16 PM
 #1265

Nothing is 100% safe, but if you keep the rule of cold storage wallet, paper wallet its like 99.9999999% safe, only human error can make you lose it
- lost password
- bad backup
- compromised PC
- human error

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September 13, 2016, 04:31:44 AM
 #1266

It depends on the users. The system fulfills its role by providing various security measures. But the users must take all necessary precautions to protect their data and their funds.

Yes, the bitcoin network is safe and there is no issue with that. It depends on the people that they follow the basic security rules and best practices. If people do not follow and keep their all money in exchanges, the incidents like Bitfinex will keep on happening.   









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September 13, 2016, 04:38:18 AM
 #1267

Bitcoin is only as safe as you make it, and I can say that with about 99% confidence because the Bitcoin network hasn't been effectively hacked for the past 7-ish years, so that means that the only losses have come from human error so far.

The best thing you can do is make copies of everything, make sure you have all the data stored in multiple ways, and make sure you don't do anything stupid. If you can do that you'll be good, mostly.
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September 13, 2016, 04:52:50 AM
 #1268

Bitcoin is only as safe as you make it, and I can say that with about 99% confidence because the Bitcoin network hasn't been effectively hacked for the past 7-ish years, so that means that the only losses have come from human error so far.

The best thing you can do is make copies of everything, make sure you have all the data stored in multiple ways, and make sure you don't do anything stupid. If you can do that you'll be good, mostly.
That is how safe bitcoin is and it has been proven for the past 7 years, people will not trust bitcoin when it is not safe in their eyes so I think there is not need to doubt bitcoin system, the news we heard that some sites are betting hack, it is true but their site is not safe and not bitcoin itself.
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September 13, 2016, 05:58:11 AM
 #1269

Very simple reason why bitcoin is safe. From the day of digital currency network existence large number of different digital currencies have got existed but bitcoin is the one which had been still lasting with a good value.
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September 13, 2016, 09:00:18 AM
 #1270

Very simple reason why bitcoin is safe. From the day of digital currency network existence large number of different digital currencies have got existed but bitcoin is the one which had been still lasting with a good value.
You are certainly right, bitcoin has experienced many trials in the past and it has overcome it and look up bitcoin now, it is very progressive because people trust it as the entire system is safe.

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September 13, 2016, 09:14:09 AM
 #1271

I think bitcoin is as safe as it can be and more safe than a bank. Ofcourse shit can always happen but if you have for example a hardware wallet then your bitcoins should be the most safe but it's also most effort.
I use blockchain and that's also very safe, alot of people use it to store their bitcoin and it's very well known. Overall I have faith that my money is in good hands.
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September 13, 2016, 09:20:53 AM
 #1272

Nothing is 100% safe. Even bitcoin is at risk of being hacked. So it is up to us, users, to try and make the most our bitcoin's safe and attack-proof as possible. By being diligent and always taking precautionary measures, we minimize (if not avoid) the risk of compromising the bitcoins we have in possession.
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September 13, 2016, 09:53:37 AM
 #1273

Nothing is 100% safe. Even bitcoin is at risk of being hacked. So it is up to us, users, to try and make the most our bitcoin's safe and attack-proof as possible. By being diligent and always taking precautionary measures, we minimize (if not avoid) the risk of compromising the bitcoins we have in possession.
i don't say there is no risk in bitcoin, but have you hear that almost all bitcoin users get hacked by the hacker that where it happened because they fault of their own. I am very confident that bitcoin is very safe without need extra security.

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September 13, 2016, 09:59:22 AM
 #1274

It depends on the users. The system fulfills its role by providing various security measures. But the users must take all necessary precautions to protect their data and their funds.
Ya bitcoin wallets provides many security features nowdays,so first of all a user must choose the right wallet to keep their coins,i would recommend blockchain.info wallet and must take all necessary steps to increase the security of the account like enabling 2fa is a must if you dont want your wallet to be hacked,and i could say then bitcoin is safe.
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September 13, 2016, 10:02:17 AM
 #1275

Very simple reason why bitcoin is safe. From the day of digital currency network existence large number of different digital currencies have got existed but bitcoin is the one which had been still lasting with a good value.
You are certainly right, bitcoin has experienced many trials in the past and it has overcome it and look up bitcoin now, it is very progressive because people trust it as the entire system is safe.
but there is always a gap to get a hacker. but as far as I save it in wallet safely, it never gets hacker.
unless you save it in the exchangers or investments, bitcoin is not safe if in the situation.
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September 13, 2016, 11:00:32 AM
 #1276

It depends on the users. The system fulfills its role by providing various security measures. But the users must take all necessary precautions to protect their data and their funds.
yeah i think it would depend on the users themselves? if users are good at securing their passwords and their wallets. of course they will always be safe from thieves. as long as I use bitcoin, I have never felt stolen and it was because I had a good safety in  my wallet ?
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September 13, 2016, 11:13:09 AM
 #1277

As NO ONE can touch your bitcoins even if government cut your internet gateway, even if they bloxk anything they want/suspect. It's like in Russia or in Venezuela were government prohibit any type of negotiation using bitcoin. Not because I like but I went to a conference in Havana last March this year and, as many of us were very curious about everything in Cuba, I ask some cool guy who were very engaged in IT about BTC and so he said "the government can control even my toilet paper but nobody can controls my bitcoins, because it's not here and they can't trace it". So bro, if even in totalitarian countries bitcoin system is free you better be cool and relax.


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Noctis Connor
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September 13, 2016, 11:19:40 AM
 #1278

As NO ONE can touch your bitcoins even if government cut your internet gateway, even if they bloxk anything they want/suspect. It's like in Russia or in Venezuela were government prohibit any type of negotiation using bitcoin. Not because I like but I went to a conference in Havana last March this year and, as many of us were very curious about everything in Cuba, I ask some cool guy who were very engaged in IT about BTC and so he said "the government can control even my toilet paper but nobody can controls my bitcoins, because it's not here and they can't trace it". So bro, if even in totalitarian countries bitcoin system is free you better be cool and relax.
Correct no one can ever touch your bitcoin except you even fbi will say that they are going to investigate your bank well you gonna tell them that im not using bank i use bitcoin hahaha bitcioin can never trace who using it bitcoin will keeo you safe.
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September 13, 2016, 12:49:15 PM
 #1279

Theres still benefit for those sellers for bitcoin that are sent can never be disouted unless the recepient sends it back.  This isn't the case with paypal as buyers always have the benefit to dispute and gets back their money while the product stays with them.

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September 13, 2016, 12:51:06 PM
 #1280

Bitcoin is backed up by massive amounts of cryptography, so your funds won't just get stolen and your private key won't just end up getting leaked or stolen, like your identity could be using other forms of payment, such as a credit card.

As for actually keeping them safe, that comes down to what you can do. Keep them off of internet-connected PCs that could have vulnerability issues, and keep your wallet on a usb, with multiple copes. Simple and secure.
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