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Author Topic: Is Bitcoins safe?  (Read 90049 times)
Blue_Panda73
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February 17, 2016, 07:20:35 AM
 #421

Bitcoin in itself is safe. What makes it insecure is the way the user holds it and uses it. The protocol can be attacked in some ways (just like that annoying malleability attack) but on wallets, I think it's the user's fault and not bitcoin.

It is the vulnability of the computer systems, not the Bitcoin itself. If you download a virus, it will control your computer.

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February 17, 2016, 08:24:33 AM
 #422

Bitcoin in itself is safe. What makes it insecure is the way the user holds it and uses it. The protocol can be attacked in some ways (just like that annoying malleability attack) but on wallets, I think it's the user's fault and not bitcoin.

It is the vulnability of the computer systems, not the Bitcoin itself. If you download a virus, it will control your computer.

You can even use paper storage to avoid having them on a computer at all. it is very important to secure and back up your bitcoin wallet.
Bitcoin wallets come in a variety of forms. There are five main types of wallet like desktop, mobile, web, paper and hardware and best choice of yours to secure your bitcoins.
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February 17, 2016, 08:33:02 AM
 #423

Your bitoin will be safe if your password is not the same as other account password you should need a unique password that you can't forget it...
Also its safe if you don't share the password to other and make sure always use anti virus to prevent your computer for monitoring and hijacking..
Also make sure always check the url first before you sign in or login...
If you do this all your bitcoin will be safe...
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February 17, 2016, 08:35:25 AM
 #424

Bitcoin is ofcourse safe. Many people around the world use Bitcoin very much. And even many companies use Bitcoin as well.
The online wallets its not so safe I think. It is easy to use, but there is a chance that you can be hacked. 
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February 17, 2016, 08:40:43 AM
 #425

And even many companies use Bitcoin as well.
The companies functioning because of bitcoin are using it ,not a lot of main stream one's use it though.

The online wallets its not so safe I think. It is easy to use, but there is a chance that you can be hacked. 
The disks could collapse either,it depends on the users precautionary measures.

Your bitoin will be safe if your password is not the same as other account password you should need a unique password that you can't forget it...
If you dont save the keys then you dont own the bitcoins.

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February 17, 2016, 08:46:25 AM
 #426

Yes, the bitcoin is one of the safest payments there is available globally because of the security and because it is untraceable.
Its also fast, the only thing you need is multiple wallets so you don't lose everything at once if you get hacked.

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February 17, 2016, 10:48:55 AM
 #427

Yes, the bitcoin is one of the safest payments there is available globally because of the security and because it is untraceable.
Its also fast, the only thing you need is multiple wallets so you don't lose everything at once if you get hacked.
Yes what you said is true. But I think that many people dont know how secure Bitcoin is, they underestimated it, and that is bad.
Many people use Bitcoin very much, so it must be safe and it works very well. So why it is not so safe.
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February 17, 2016, 11:12:07 AM
 #428

Bitcoin is very safe i believe if you keep your computer clean of viruses then there should be no way of anyone stealing your coins from your desktop wallet..

For extra safety you could use a bitcoin paper wallet and store it in a safety deposit box or buy a safe to keep it in.

The bitcoin it self is very safe, you just need a cold wallet or something.
Its the best way to have a cold so nothing can happen with your bitcoins.
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February 17, 2016, 11:35:49 AM
 #429

I think Bitcoin is very safe. I hope later that it will becoming more popular.
And that many people will use it later in the future.
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February 17, 2016, 11:37:56 AM
 #430

bitcoin is relatively safe, in the long term, don't look at the short term, plenty of manipulation going one, bitcoin need still plenty of time to grow

when everything about its problems will be settled, i beliave you will see the real usage of it, big merchants are waiting that after all, no reason for them to not accept bitcoin

I wouldn't say bitcoin is safe in the long term. Imagine someone bought bitcoins at 1000$ and after a few years they find out the price is at 300$, do you consider that safe? Of course not because it's not.

I think it will be safe for a long term, you just need to be patient.
The halving is also coming it will create a huge boost.
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February 17, 2016, 11:38:39 AM
 #431

I'm afraid that if they want, the government can freeze your assets whenever they want.

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February 17, 2016, 12:24:23 PM
 #432

I think it is safe, and many people use it. So I think it must be safe.
I hope later that it will be more worth later, and that many people will use it later.
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February 17, 2016, 02:14:15 PM
 #433

Bitcoin in general is not the safest investment, There is a risk of devaluation in value and the same amount of bitcoin worth less after a period of time "there is also a possibility of profit", also you should take computer security very seriously since the computer would equal money.
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February 17, 2016, 04:47:45 PM
 #434

Bitcoin in general is not the safest investment, There is a risk of devaluation in value and the same amount of bitcoin worth less after a period of time "there is also a possibility of profit", also you should take computer security very seriously since the computer would equal money.
Yes you are right. I think Bitcoin is safe as well. Many people from different countries use Bitcoin so why is it not safe.
I think the online wallets are very secure to. The must be secure otherwise people isnt going to use it.
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February 17, 2016, 10:05:13 PM
 #435

Nobody can freeze your bitcoins so yes its safe. Like your wallet.
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February 18, 2016, 06:53:21 AM
 #436

With more than 6 billion in market cap Bitcoin is definitely safe. No one will invest huge amount of money if it is not secure.

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Pattart
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February 18, 2016, 07:16:55 AM
 #437

Nobody can freeze your bitcoins so yes its safe. Like your wallet.
Its special form btcoin, because bitcoin is decentralization, so nobody people could control bitcoin
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February 18, 2016, 07:32:20 AM
 #438

Safe? Depends on.

Personally I would argue yes, for minor investments.
Huge investments, no. Estate, Gold, etc. is very safe.
As long as you live in a safe country, with a constitutional system that works.
The global financial market does not trade in BTC yet.
Something which is safe, is traded there for sure.

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February 18, 2016, 08:02:27 AM
 #439

Safe as an investment? Not really.
Safe as in cant be stolen? Depends on how secure your computer is, and what kind of storage you use for your Bitcoins.
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February 18, 2016, 10:44:46 AM
 #440

With more than 6 billion in market cap Bitcoin is definitely safe. No one will invest huge amount of money if it is not secure.
But considering the volatility of this market it is not that much safe if you expect zero loss but since all you have is in your pc it is safe then.

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