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Author Topic: Is Bitcoins safe?  (Read 90051 times)
Betwrong
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July 21, 2016, 10:19:21 AM
 #1001

I think that Bitcoin is pretty safe to use but there are always scammers active so look out for those people.
If you are just doing your own thing and not pay other people attention you should be alright.

yes the most terrible thing is a scammer, you should stay away from investments that are not clear or looks like HYIP.

it is best to hold bitcoin to wait for the price to rise or trading. I think the best way is far from scammers.

I agree, it's better to avoid anything which looks like HYIP. Bitcoin itself is a safe investment but there are a lot of scammers around so you it's better to be very careful.

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July 21, 2016, 10:44:13 AM
 #1002

Generally it is not safe to keep most assets just in one place. You have to always diversify. Buy BTC, altcoins, gold, silver, stocks and even real estate if you can afford it. Also, keep you assets in different continents.
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July 21, 2016, 04:43:03 PM
 #1003

Generally it is not safe to keep most assets just in one place. You have to always diversify. Buy BTC, altcoins, gold, silver, stocks and even real estate if you can afford it. Also, keep you assets in different continents.

Even you are not familiar with other assets still you will pursue it?

Bitcoin alone can do the job if this the only known of that person. It's not with the diversifying but maximing the output of their strategy. With the proper plan they can earn good profits even with just one asset and it can applied to bitcoin.
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July 21, 2016, 04:55:06 PM
 #1004

Generally it is not safe to keep most assets just in one place. You have to always diversify. Buy BTC, altcoins, gold, silver, stocks and even real estate if you can afford it. Also, keep you assets in different continents.

Even you are not familiar with other assets still you will pursue it?

Bitcoin alone can do the job if this the only known of that person. It's not with the diversifying but maximing the output of their strategy. With the proper plan they can earn good profits even with just one asset and it can applied to bitcoin.

Bitcoin alone may be able to do the job, but in this case diversification is not for profit, but for capital preservation in case of threat(war, theft, gov, natural disaster etc.)
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July 21, 2016, 05:24:04 PM
 #1005

Generally it is not safe to keep most assets just in one place. You have to always diversify. Buy BTC, altcoins, gold, silver, stocks and even real estate if you can afford it. Also, keep you assets in different continents.

Even you are not familiar with other assets still you will pursue it?

Bitcoin alone can do the job if this the only known of that person. It's not with the diversifying but maximing the output of their strategy. With the proper plan they can earn good profits even with just one asset and it can applied to bitcoin.

Bitcoin alone may be able to do the job, but in this case diversification is not for profit, but for capital preservation in case of threat(war, theft, gov, natural disaster etc.)

Agree. Well that case you stated is for worst case scenario. So in here, while relying on bitcoin as your main asset you can do such optional investment in the real world so in case of a natural event, we are ready, at least.
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July 21, 2016, 06:40:28 PM
 #1006

Firstly it wil depend upon government policy. If they think its safe it will work else it will not be allowed. You can see that many people are using it and that is very good. I hope there will be more people that is going to use it. Its easy and convenient in all form of business as well.
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July 21, 2016, 09:58:43 PM
 #1007

Firstly it wil depend upon government policy. If they think its safe it will work else it will not be allowed. You can see that many people are using it and that is very good. I hope there will be more people that is going to use it. Its easy and convenient in all form of business as well.

The protocol of bitcoin is safe, if you use the tools given by the developers. Password protect, switch addresses and store it offline.
Doing these things make your wallet better protected then your average bank account.

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July 21, 2016, 10:07:55 PM
 #1008

Firstly it wil depend upon government policy. If they think its safe it will work else it will not be allowed. You can see that many people are using it and that is very good. I hope there will be more people that is going to use it. Its easy and convenient in all form of business as well.

The protocol of bitcoin is safe, if you use the tools given by the developers. Password protect, switch addresses and store it offline.
Doing these things make your wallet better protected then your average bank account.

Yeah and I think saving money in bitcoin is more safe then saving money in banks, as its not easy for anyone to hack your account or steal your coins from your wallet.
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July 21, 2016, 11:00:15 PM
 #1009

Firstly it wil depend upon government policy. If they think its safe it will work else it will not be allowed. You can see that many people are using it and that is very good. I hope there will be more people that is going to use it. Its easy and convenient in all form of business as well.

The protocol of bitcoin is safe, if you use the tools given by the developers. Password protect, switch addresses and store it offline.
Doing these things make your wallet better protected then your average bank account.

Yeah and I think saving money in bitcoin is more safe then saving money in banks, as its not easy for anyone to hack your account or steal your coins from your wallet.

if he has a good security setting to his account ( bitcoin wallet) then no one will be able to hack his bitcoin , so bitcoin is a more safe and secure way of holding our money, trust on bitcoin and try to test it you will be satisfied.
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July 21, 2016, 11:02:19 PM
 #1010

Safe for storing? Sure. I am always sure that my good is safe and also i like that i don't need to pay any taxes to goverment for using bitcoins  Grin

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July 21, 2016, 11:07:11 PM
 #1011

Firstly it wil depend upon government policy. If they think its safe it will work else it will not be allowed. You can see that many people are using it and that is very good. I hope there will be more people that is going to use it. Its easy and convenient in all form of business as well.

The protocol of bitcoin is safe, if you use the tools given by the developers. Password protect, switch addresses and store it offline.
Doing these things make your wallet better protected then your average bank account.

Yeah and I think saving money in bitcoin is more safe then saving money in banks, as its not easy for anyone to hack your account or steal your coins from your wallet.
How you sure that bitcoin is more safe than banks..
For me banks is most secured  because if that banks are rob they can still pay those money gone from their bank.
Unlike bitcoin if your account hack by someone and get your savings there  do you think you have guaranteed to recover those bitcoins.?

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July 23, 2016, 06:59:05 AM
 #1012

Firstly it wil depend upon government policy. If they think its safe it will work else it will not be allowed. You can see that many people are using it and that is very good. I hope there will be more people that is going to use it. Its easy and convenient in all form of business as well.

The protocol of bitcoin is safe, if you use the tools given by the developers. Password protect, switch addresses and store it offline.
Doing these things make your wallet better protected then your average bank account.

Yeah and I think saving money in bitcoin is more safe then saving money in banks, as its not easy for anyone to hack your account or steal your coins from your wallet.
How you sure that bitcoin is more safe than banks..
For me banks is most secured  because if that banks are rob they can still pay those money gone from their bank.
Unlike bitcoin if your account hack by someone and get your savings there  do you think you have guaranteed to recover those bitcoins.?
No question as of the current state, banks are more safer but banks already have fraud as the crooks can monopolize banks for their personal interest. Bitcoin was created for us to save our money in a decentralized platform and in that way no one can spy on our deposits and investments.

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July 25, 2016, 04:20:52 PM
 #1013

bitcoin is very safe, this is 1st encrypted money, but you must use trusted aplication to safe your bitcoin, some exchanger scam you like Mt gox and cryptsy, so full acces address like mycellium, electrum, bitcoin Qt is best to save your wallet than safe at exchanger.
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July 26, 2016, 02:48:24 PM
 #1014

to me bitcoin is so safe there is no doubt about this. and that is the reason that most of the people are now investing their money even their whole investment in bitcon. i have also invested about 75 % of my investment in bitcoin. because i am very confident that bitcoin is so safe to put our all assets here.
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July 26, 2016, 04:33:27 PM
 #1015

Firstly it wil depend upon government policy. If they think its safe it will work else it will not be allowed. You can see that many people are using it and that is very good. I hope there will be more people that is going to use it. Its easy and convenient in all form of business as well.

The protocol of bitcoin is safe, if you use the tools given by the developers. Password protect, switch addresses and store it offline.
Doing these things make your wallet better protected then your average bank account.

Yeah and I think saving money in bitcoin is more safe then saving money in banks, as its not easy for anyone to hack your account or steal your coins from your wallet.
Very good point of view and you are right that bitcoin is more safe than saving money in bank and i thing bitcoin wallet is too much safe and anyone can not steal or hack your balance from bitcoin wallet because bitcoin wallet have a strong security .
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July 26, 2016, 04:57:04 PM
 #1016

to me bitcoin is so safe there is no doubt about this.

You should know that everything that is connected to the internet is not safe at all including bitcoin so unless you take a proper measurement in securing your bitcoin then it is not safe at all, that means it will involved you in getting a cold wallet which is quite inconvenient if you are going to use bitcoin for daily usage

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July 27, 2016, 03:20:59 AM
 #1017

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 ?

as long as you won't share you wallet codes, your money are very safe and nobody will ever use them, also bitcoins have huge privacy
Your wallet should be properly secured by you alone and never share some important information if you don't want it to be compromised. The overall ecosystem of bitcoins is safe as it has been for a long years now and still remain stable so we should just and do our responsibility to protect our investment.

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August 07, 2016, 04:49:27 PM
 #1018

I do not keep bitcoin in exchanges. After I buy the bitcoin, I withdraw from exchanges instantly. So the bitcoin is safe.
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August 07, 2016, 04:51:47 PM
 #1019

I would venture to say that they are safe. You just have to know how to store them.
In an offline hardware wallet would be the safest way you could possibly store them for now.
There is a lot of talk about this now since the recent hack of an exchange so those hardware wallets will be flying off the shelves soon. So get one now before they raise the price of them for the increase of demand for them. Embarrassed
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August 07, 2016, 06:00:47 PM
 #1020

Each one should take measures to protect their porfolio, being 0,10btc or 10btc thats your coins, bitcoins offer us several ways to protect the coins, soo be smart and save them on the right place, the recent hack just a reminder that security is the only issue that we cant never forget.
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