ivanst776
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Activity: 1540
Merit: 1003
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December 09, 2015, 08:20:57 PM |
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Bitcoin is safe in many ways and it depends how and where you spend your bitcoin, dealing always through escrow is the best way to stay safe.
Actually We can maintain all kind money utilization through bitcoin. If have escrow also, There are many scammers here and there to loot our crypto currency by hacking and spamming you. Still many companies like Dell, Apple, Amazon are handling their money in Bitcoins. Just go through the privacy policies before you investing money. then try it. Trying and investing is a good thing because if you do you are optimistic that you will earn profit from that, if those big companies are holding their profit in bitcoin then it is good because the price will be increased soon. |
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planetroving
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Activity: 2170
Merit: 1000
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December 10, 2015, 04:59:50 AM |
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Nothing is safe. Money isn't safe. However, we can try to make it safe. In terms of Bitcoin, avoid using an online wallet. Opt for an offline wallet or even go for cold storage. Use a trusted escrow when trading things involving Bitcoin.
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Monnt
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Activity: 938
Merit: 1002
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December 10, 2015, 05:02:49 AM |
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It is safe if you use it the right way. But if you decide to use a brain wallet and don't take any safety precautions, with a huge amount of bitcoins in your wallet, then your coins are in trouble.
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foxkyu
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December 10, 2015, 05:29:05 AM |
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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 ?
If you want to convert your asset into bitcoin it's very unsafe, also it's like gamble. No organization or people can freeze your bitcoin. But also, you can also lose all your asset if you convert all your asset into bitcoin and then bitcoin price is down hard. |
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Sir_lagsalot
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December 10, 2015, 07:30:26 AM |
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Bitcoin is only as safe as you are. If you keep yourself from viruses, it's virtually impossible to lose your coins. Governments cannot take your money unless they raid your house, as they have no control over your funds, unlike banks. Stay safe from malware, and you're safe from everything besides trickery. Stay away from risky deals, and you're totally safe, until quantum computers come out and break bitcoin and our beloved blockchain.
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ranochigo
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Activity: 3038
Merit: 4420
Crypto Swap Exchange
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December 10, 2015, 07:53:34 AM |
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Bitcoin is only as safe as you are. If you keep yourself from viruses, it's virtually impossible to lose your coins. Governments cannot take your money unless they raid your house, as they have no control over your funds, unlike banks. Stay safe from malware, and you're safe from everything besides trickery. Stay away from risky deals, and you're totally safe, until quantum computers come out and break bitcoin and our beloved blockchain.
Quantum computing breaks ECDSA and thus breaking Bitcoin public key and revealing private key. SHA256 isn't broken. It's simple to solve this, just avoid reusing address. It can take up to weeks for quantum computing to break ECDSA. |
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Bananana
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December 10, 2015, 02:11:10 PM |
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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 ?
50% is the max bitcoin you should have, you don't want bitcoin crashing and losing everything. Also I keep my BTC online exchange like bittrex, coinbase etc, I never trust myself even if its cold wallet.  |
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Pollak
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Activity: 182
Merit: 100
Pollak
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December 10, 2015, 02:19:55 PM |
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Bitcoin is only safe if you are careful enought that people won't scame you.
In other way bitcoins is not 100% safe.
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MaxTax
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December 10, 2015, 03:21:46 PM |
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Nothing is safe. Money isn't safe. However, we can try to make it safe. In terms of Bitcoin, avoid using an online wallet. Opt for an offline wallet or even go for cold storage. Use a trusted escrow when trading things involving Bitcoin.
This is true. You can only try to keep it as safe as possible. If you're talking as in safe for an investment, it's not. It's really unpredictable to invest into bitcoin. I do it because I believe bitcoin will benefit me in the long run. |
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faridkifly
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December 11, 2015, 12:41:21 AM |
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I think its not safe enough.
its safer If you do exchange BTC into your country currency to buy goods. or purchase goods with BTC
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Astargath
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December 14, 2015, 10:33:16 AM |
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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 ?
50% is the max bitcoin you should have, you don't want bitcoin crashing and losing everything. Also I keep my BTC online exchange like bittrex, coinbase etc, I never trust myself even if its cold wallet. Storing bitcoins in online exchanges is possibly the worst thing you can do. They can become mt-gox 2.0 at any moment or they can be hacked and you could lose all your bitcoins, the better ways is to keep them on your wallet or paper wallet. |
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CryptoBjorn
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December 14, 2015, 12:14:00 PM |
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Bitcoin is never safe, is just safe if you collect some and wait in the future.
Because bitcoin will just increase in the future so you will make a lot of profit.
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Firedude
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Activity: 86
Merit: 10
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December 14, 2015, 12:28:34 PM |
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safe as long as you keep your wallet clean from viruses.
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FabioDelcatto
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December 14, 2015, 02:02:54 PM |
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I think bitcoin is not safe so that is why I just going to just learn more about bitcoins before doing anything.
I will also try to collect some.
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smith coins
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December 14, 2015, 09:51:15 PM |
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If you want to get a concrete answer then it is better to check if it is allowed in your country.
Then if it is allowed then it should be safe, be sure with who are you dealing with and everything will be ok.
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Zaun
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December 14, 2015, 10:07:30 PM |
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If you want to get a concrete answer then it is better to check if it is allowed in your country.
Then if it is allowed then it should be safe, be sure with who are you dealing with and everything will be ok.
Yes true, you should always check to see if bitcoin is not illegal in your country, if not you should be alright. You won't get into too much trouble. You gotta keep it save yourself though, you're responsible for protecting your wallet and such. |
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GALATASARAY GS
Newbie
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Activity: 18
Merit: 0
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December 15, 2015, 01:39:10 AM |
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Bitcoin is anonymous. dont use online wallet.you will create paper wallet. i think paper wallet very safe.
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Clint
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December 15, 2015, 02:28:50 AM |
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I say it's safe. The blockchain itself is safe, but I have heard there are hackers in the past, stealing btc. Thats why get a trezzor wallet to keep it 100% secure
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blackmachinegun
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December 15, 2015, 06:41:26 AM |
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No not safe. I feel like when it is so volatile like it is, that it is so unpredictable to buy or even sell.
bulshitt if you still using bitcoin, prices can change at any time, dollar also happened the price of dollar against other currencies could also change at any time |
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betohell
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December 15, 2015, 10:44:25 AM |
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I say it's safe. The blockchain itself is safe, but I have heard there are hackers in the past, stealing btc. Thats why get a trezzor wallet to keep it 100% secure
bitcoi was safe. if you say hackers will steal your bitcoin it's up to you to provide security in your wallet The original bitcoin is safe |
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