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Author Topic: Is Bitcoins safe?  (Read 90098 times)
freedomgo
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July 13, 2016, 01:02:53 PM
 #961

Yes it is safe when it comes to anonymity of your assets because you can evade tax but the problem would be how you would convert all that big cash into Bitcoin if you really want to do it anonymously. Don't buy through exchanges, I'll suggest to meet some people and buy gradually even though it takes time but safe.
We always think that our investment will be more safer when known by the government but in reality the government are the number one thief that is why the world experience crisis due monopoly of dirty politicians.

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goldcoinminer
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July 13, 2016, 01:12:39 PM
 #962

Yes it is safe when it comes to anonymity of your assets because you can evade tax but the problem would be how you would convert all that big cash into Bitcoin if you really want to do it anonymously. Don't buy through exchanges, I'll suggest to meet some people and buy gradually even though it takes time but safe.
We always think that our investment will be more safer when known by the government but in reality the government are the number one thief that is why the world experience crisis due monopoly of dirty politicians.
It is just nature of bitcoins to be independent and we will stay anonymous using it, it would be good if it stays that way so that we can get the power we want and we can avoid taxes that the corrupt politicians will just use for their personal interest.
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July 13, 2016, 03:01:48 PM
 #963

Yes it is safe when it comes to anonymity of your assets because you can evade tax but the problem would be how you would convert all that big cash into Bitcoin if you really want to do it anonymously. Don't buy through exchanges, I'll suggest to meet some people and buy gradually even though it takes time but safe.


It is safe but is not as much safe to place all your assets i mean all your money here in bitcoin because there are some people who will hack your wallet account and stole your all money so put your money here but not all your money, it will be better for you.

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July 13, 2016, 08:43:43 PM
 #964

If you keep your bitcoins in your desktop wallet then yes bitcoin is safe and there will be no any issue with that no one will have access to it, but if you depend on online wallets then the owner of that wallet will have control on your bitcoins and if that wallet gone down then you will lose your coins.
even if you keep your bitcoins in a desktop wallet it might be unsafe as you might have some viruses in your computer, i think the safest way is hardware wallet

will the question is not about this type of safety.. this is about the whole bitcoin not for bitcoin storage. if you or another one person loose their bitcoin because of hack or virus. then he can't say that bitcoin is no more safe and people should not use bitcoin..
tell me one thing. if a thief stole your money or stole a whole bank's money. then will you say that the money is not safe just because of that single steal attempts.? no right?

so bitcoin is probably safe and trusted.
Actually, the question is whether it is safe to put all your assets into bitcoins. Like literally abandoning the physical money and converting it to bitcoins.

In all honesty, I wouldn't say it's 100% safe as there are always room for unfortunate events, even at the smallest possible chance. However, it is safe to say that bitcoins will most likely stay safe for a few decades.

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July 13, 2016, 09:25:22 PM
 #965

If you gonna use it in illegal ways i think it's not safe but for storing money it's very good at my opinion. I have never had any problems with it.

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July 13, 2016, 09:42:02 PM
 #966

If you gonna use it in illegal ways i think it's not safe but for storing money it's very good at my opinion. I have never had any problems with it.
Anything if you used it illegally you will never safe so do bitcoin.
It is totally safe if buying and using bitcoin daily.
The only thing make people insecure store their money In bitcoin are the bitcoin price going down when they just bought it.
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July 13, 2016, 09:47:34 PM
 #967

fully safe to keep all of my assets in Bitcoins  Wink
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July 13, 2016, 09:53:24 PM
 #968

If you keep your bitcoins in your desktop wallet then yes bitcoin is safe and there will be no any issue with that no one will have access to it, but if you depend on online wallets then the owner of that wallet will have control on your bitcoins and if that wallet gone down then you will lose your coins.
even if you keep your bitcoins in a desktop wallet it might be unsafe as you might have some viruses in your computer, i think the safest way is hardware wallet
All are unsafe but we need to choose and do to minimize the risk because it is precious to us and that is our investment, as owner of a bitcoins we should also educate ourselves to protect our investment and that is basic.

Yeah, we should have to learn about all those techs with which we can make our bitcoins secure and have to follow the security system of bitcoin wallets to make it more secure, and besides this bitcoin is a more secure currency.
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July 13, 2016, 11:05:50 PM
 #969

If you gonna use it in illegal ways i think it's not safe but for storing money it's very good at my opinion. I have never had any problems with it.
Lol people say that you're free to do anything with bitcoin even fbi can not intervene you? if we use bitcoin for illegal activities
and it is not safe? then what is the advantage of using bitcoin? although many people say that bitcoin is very anonymous right ?
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July 14, 2016, 04:55:18 AM
 #970

If you gonna use it in illegal ways i think it's not safe but for storing money it's very good at my opinion. I have never had any problems with it.
Lol people say that you're free to do anything with bitcoin even fbi can not intervene you? if we use bitcoin for illegal activities
and it is not safe? then what is the advantage of using bitcoin? although many people say that bitcoin is very anonymous right ?
You will only be question by the authorities if you use you bitcoins is illegal activities because such actions is punishable by law in any country, either fiat or BTC but if you use it the wrong way you will be jailed in no time.
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July 14, 2016, 09:02:34 AM
 #971

Bitcoin is not totally safe for all assests it is only safe if you want to store your money as Bitcoins for future....

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July 14, 2016, 09:25:45 AM
 #972

Bitcoin is safe if you ask me but it can always be possible that you get hacked or even scammend and that is why some people are afraid.
I think that you do not have to worry about that and just do your thing then nothing will happen.


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July 14, 2016, 12:49:03 PM
 #973

If you gonna use it in illegal ways i think it's not safe but for storing money it's very good at my opinion. I have never had any problems with it.
Anything if you used it illegally you will never safe so do bitcoin.
It is totally safe if buying and using bitcoin daily.
The only thing make people insecure store their money In bitcoin are the bitcoin price going down when they just bought it.
Yes using bitcoins for illegal activities is not safe, but it's totally upon how the person you are and for what purpose you want to use it weather for buying domains or hiring hitmans !  Shocked .  But if you use bitcoin for good purpose for your daily life you will be enjoining more Cheesy.
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July 14, 2016, 01:00:01 PM
 #974

Bitcoin is not totally safe for all assests it is only safe if you want to store your money as Bitcoins for future....

How you are saying that bro! bitcoin itself is very safe to use and do payments with, the only thing you have to know is that your wallets can be hacked because of your own faults of course. If you store bitcoins do it in multiple wallets so you won't lose everything at once if you get hacked.
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July 14, 2016, 01:09:52 PM
 #975

Yes it is safe when it comes to anonymity of your assets because you can evade tax but the problem would be how you would convert all that big cash into Bitcoin if you really want to do it anonymously. Don't buy through exchanges, I'll suggest to meet some people and buy gradually even though it takes time but safe.
We always think that our investment will be more safer when known by the government but in reality the government are the number one thief that is why the world experience crisis due monopoly of dirty politicians.
And when the government knows about our investment then we are forced to pay taxes on the returns or profits, which is same as stealing the money from us, as most of the governments are corrupted and only very less amount of money goes into the right place where it should have reached.
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July 14, 2016, 01:22:01 PM
 #976

If you gonna use it in illegal ways i think it's not safe but for storing money it's very good at my opinion. I have never had any problems with it.

What do you mean by illegal ways ? Are you talking about to place black money here in bitcoin or what ? And yeah people are storing their money here so it is safe to place bitcoins.

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July 14, 2016, 03:10:31 PM
 #977

Bitcoin is safe because first its’s important to remember that bitcoins can’t be counterfeited or duplicated unlike money.  Whenever there is  someone trying to cheat the transaction, the network will automatically verify it and stop if it is false. The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.

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July 14, 2016, 03:29:32 PM
 #978

Bitcoin is safe because first its’s important to remember that bitcoins can’t be counterfeited or duplicated unlike money.  Whenever there is  someone trying to cheat the transaction, the network will automatically verify it and stop if it is false. The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.
I feel that bitcoin has a system that is very difficult to penetrate. PayPal is now cooperating with Coinbase. it proves that bitcoin is perfectly safe to use. even in terms of deposit bitcoin have large websites with tremendous security system is superb, being made just to save bitcoin that you have, like Coinbase and blockchain

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priyotosh
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July 14, 2016, 08:55:21 PM
 #979

No, I think, it's definitely not, the  price of bitcoin quite volatile.One can gain or loss a huge amount in a very short period.So if we're talking about an asset that offers a stable rate of return, Bitcoin ain't it.

Also, It can be hacked or stolen, so, don't put all of your money in bitcoin or any other crypto currencies.On January 18th, 2016 hackers stolen $6 million USD, equal to 13,00 BTC and 300,000 LTC from Cryptsy’s safe. The hackers inserted a Trojan malware into Cryptsy’s code so that they could access precious information and transfer cyber currencies. Cryptsy is under investigation by a US federal court as it held “hostage” money belonging to its clients. The account holders were in fact denied access or unable to withdraw funds.

So, Bitcoin isn't, definitely not to be treated as a safe.
mobilestrike
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July 14, 2016, 10:18:33 PM
 #980

Bitcoin is safe because first its’s important to remember that bitcoins can’t be counterfeited or duplicated unlike money.  Whenever there is  someone trying to cheat the transaction, the network will automatically verify it and stop if it is false. The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.
I feel that bitcoin has a system that is very difficult to penetrate. PayPal is now cooperating with Coinbase. it proves that bitcoin is perfectly safe to use. even in terms of deposit bitcoin have large websites with tremendous security system is superb, being made just to save bitcoin that you have, like Coinbase and blockchain

Yeah it is a technology which is hard to penetrate, today paypal is trying to fully adopt bitcoin and in this way one by one all the big companies will join bitcoin and with that bitcoin will get a stronger support and they will work more for making bitcoin more secure currency an one day it will be a global currency.
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