ranochigo
Legendary
 Offline
Activity: 2982
Merit: 4193
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January 30, 2016, 04:10:30 AM |
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Is bitcoin safe, yes it is I even think the bitcoin is the safest payment method there is available at the moment, as example paypal accounts are getting hacked very much. Plus bitcoin is secure,fast and untraceable.
PayPal do have relatively good security. However, hacks on PayPal accounts occurs because of bad security practices, just like Bitcoin. Since PayPal payments are easily reversible, it isn't of much interest compared to Bitcoin. With Bitcoin, it is easier to steal if the user doesn't take proper safety security practices. |
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justspare
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January 30, 2016, 04:16:24 AM |
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Is bitcoin safe, yes it is I even think the bitcoin is the safest payment method there is available at the moment, as example paypal accounts are getting hacked very much. Plus bitcoin is secure,fast and untraceable.
PayPal do have relatively good security. However, hacks on PayPal accounts occurs because of bad security practices, just like Bitcoin. Since PayPal payments are easily reversible, it isn't of much interest compared to Bitcoin. With Bitcoin, it is easier to steal if the user doesn't take proper safety security practices. That is what I really hate about Paypal. It is just too easy for a transactions to be reversed. |
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Indianacoin
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January 30, 2016, 04:25:19 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 ?
Bitcoin is absolutely the safest and pseudo-anonymous currency so far related to your FIAT currency. Looking at your op I feel that you have some intentions of trading illegal goods since you are highly concerned with FBI freezing your accounts. If thats your intention then I would suggest you to stop doing that in first place. Because just like any regular transaction can be tracked, bitcoin transactions can also be tracked if you scan your savings address on walletexplorer.com Although they can be mixed via any tumblers but they can eventually be tracked nowadays. Also never post your main address on any forums which can be traced easily on Blocktrail.  |
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greBit
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January 30, 2016, 09:17:09 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 ?
It is not safe to keep all your eggs in one basket. Keep some in Bitcoin and some in something else. Very true. I keep some of my assets in Bitcoin, and then I keep some of them in gold. Your plan is good. Than keeping some as gold its better to have the investment in property. Bitcoins are safe just because of the technology behind it and the growth it got over the past years |
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chiajw1
Newbie
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Activity: 56
Merit: 0
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January 30, 2016, 09:34:43 AM |
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It depends on what aspect of safe are you saying. If talking about currency usage and trading, I would say it is actually the same as using USD. I am not a financial expert, but if you see the condition now, an economic downturn even worse than Great Depression and Great Recession will happen if it is not settled properly. If the FED says that the US is down and bankrupt, maybe bitcoin and commodities like gold will see a steep rise in price. This is called capital flight. In another perspective, if no one believes in bitcoin, the investors will sell bitcoin in a huge amounts, and the price will just plummet. There is no certain way to pridict the market. For the bitcoin wallet access, you just need to keep your private key private and preferably the key is in a offline hard disk, not on a computer. There are many resources for you to search in the internet to know how to keep your bitcoin wallet safe. Just GOOGLE it Refer https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallethttps://en.bitcoin.it/wiki/Securing_your_walletThese are just my opinions ,based on my personal experience and observation. |
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gkv9
Legendary
Offline
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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January 30, 2016, 07:08:31 PM |
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Is bitcoin safe, yes it is I even think the bitcoin is the safest payment method there is available at the moment, as example paypal accounts are getting hacked very much. Plus bitcoin is secure,fast and untraceable.
PayPal do have relatively good security. However, hacks on PayPal accounts occurs because of bad security practices, just like Bitcoin. Since PayPal payments are easily reversible, it isn't of much interest compared to Bitcoin. With Bitcoin, it is easier to steal if the user doesn't take proper safety security practices. That is what I really hate about Paypal. It is just too easy for a transactions to be reversed. Not just that, but PayPal itself sometimes limits or freezes your account for any invalid or almost no reason at all, where in case of BTC, you are yourself responsible for everything whatever happens with you or your coins... |
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BruceLee007
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January 30, 2016, 08:15:32 PM |
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bitcoins are actually safe more or less most probably, the only thing that can actually get wrong with it is that the price could drop in a short period of time
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expert4knowledge
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January 30, 2016, 08:17:54 PM |
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Is bitcoin safe, yes it is I even think the bitcoin is the safest payment method there is available at the moment, as example paypal accounts are getting hacked very much. Plus bitcoin is secure,fast and untraceable.
PayPal do have relatively good security. However, hacks on PayPal accounts occurs because of bad security practices, just like Bitcoin. Since PayPal payments are easily reversible, it isn't of much interest compared to Bitcoin. With Bitcoin, it is easier to steal if the user doesn't take proper safety security practices. That is what I really hate about Paypal. It is just too easy for a transactions to be reversed. Not just that, but PayPal itself sometimes limits or freezes your account for any invalid or almost no reason at all, where in case of BTC, you are yourself responsible for everything whatever happens with you or your coins... We do not have any type of investment that is risk free, theoretically, I think US bank securities are considered risk free. |
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gkv9
Legendary
Offline
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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January 30, 2016, 09:52:18 PM |
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Is bitcoin safe, yes it is I even think the bitcoin is the safest payment method there is available at the moment, as example paypal accounts are getting hacked very much. Plus bitcoin is secure,fast and untraceable.
PayPal do have relatively good security. However, hacks on PayPal accounts occurs because of bad security practices, just like Bitcoin. Since PayPal payments are easily reversible, it isn't of much interest compared to Bitcoin. With Bitcoin, it is easier to steal if the user doesn't take proper safety security practices. That is what I really hate about Paypal. It is just too easy for a transactions to be reversed. Not just that, but PayPal itself sometimes limits or freezes your account for any invalid or almost no reason at all, where in case of BTC, you are yourself responsible for everything whatever happens with you or your coins... We do not have any type of investment that is risk free, theoretically, I think US bank securities are considered risk free. No, not even such securities are, as they are held by governments, and anything to be held either by Banks or Governments are the most riskiest investments as compared to BTC which is completely decentralized... |
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2legit2
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January 30, 2016, 10:07:06 PM |
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bitcoins are really safe in my opinion, there actually is no way for the code of bitcoin to be hacked thats why its safe
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romero121
Legendary
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Activity: 3206
Merit: 1213
Enterapp Pre-Sale Live
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January 31, 2016, 12:16:39 AM |
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bitcoins are actually safe more or less most probably, the only thing that can actually get wrong with it is that the price could drop in a short period of time
The fall in price of bitcoin is not a big issue, if there is growth then sure there will be a fall, Bitcoin is the safest as it has got the option to access the account even if something goes wrong without any special fee or charges. |
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Coaxme
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January 31, 2016, 12:42:10 AM |
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Your Bitcoin is safe if you create a paper wallet and store your funds, and always backup your wallet. then Hide your paper wallet  |
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abokhalel2
Member
Offline
Activity: 233
Merit: 10
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January 31, 2016, 02:13:30 AM |
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No body can touch your coins if you have offline wallet unless they arrest you and seize your laptop!
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Cryptock
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January 31, 2016, 03:15:50 AM |
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Bitcoin is not safe, it's a beta software.
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joinal
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January 31, 2016, 07:10:24 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 ?
It is not safe to keep all your eggs in one basket. Keep some in Bitcoin and some in something else. Very true. I keep some of my assets in Bitcoin, and then I keep some of them in gold. why not keep all your money in bitcoin. i'm sure price bitcoin will rise in the future ? Why do you hesitate? I think it has been guaranteed by emerging technology, that price will surely rise bitcoin for the security of the wallet, you can make many wallet for your safety, you can add some verification in your wallet |
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Windpower
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January 31, 2016, 07:18:10 AM |
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i think is Bitcoin is safe in my opinion as compare to paper money because no one is stolen your money, you can purchase goods in safe mode
I think the risk of loss due to theft, always there. There are many kinds including a scam site or hacker they are very clever, send malware into your computer and steal passwords, all the contents of your wallet, will be lost Actually bitcoin in itself is very safe and the keeping of it is safe also but because it is anonymous to some extent, scammers/thieves/hackers find it an easy target and that makes people think its not safe. But as it gets popular and reputable services start to accept it then these problems will be solved. Bitcoin is quite safe. It is not really a risky move to buy Bitcoin. But the price is steadily rising now. |
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ajun96
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January 31, 2016, 09:07:43 AM |
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bitcoins are really safe in my opinion, there actually is no way for the code of bitcoin to be hacked thats why its safe
something that could make your wallet hacked its only your fault, like stuck phishing sites and others. in fact you can strengthen your wallet with a variety of security, myself use sms verification for login in my blockhain wallet |
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justspare
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January 31, 2016, 09:36:58 AM |
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It is never safe to invest all your money into 1 thing. You should always diversify your investments.
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Farma
Legendary
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Activity: 2590
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
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January 31, 2016, 04:55:11 PM |
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actually it depends on your own, you yourself decide it is safe or not. when it comes to investing, you may be trying to invest a little money you have on bitcoin, then see progress, and decide it is safe or not
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adicted
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January 31, 2016, 05:38:59 PM |
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No body can touch your coins if you have offline wallet unless they arrest you and seize your laptop!
Or you are being careless and unknowingly downloading a malware that can infect your computer and compromise personal details. That happened to me once, fortunately, I was newbie back then and got a few satoshis on wallet  Yet, the hacker still stole those little satoshis, I pity him/her |
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