bit1
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 Offline
Activity: 938
Merit: 1000
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August 07, 2016, 09:04:50 PM |
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You can't be sure if storing all your assets in Bitcoins is safe. There's always the likelihood of it suddenly plummeting for a random reason. Consider Bitcoin an investment, but also pretty much everything else. The only difference with Bitcoin is its high volatility in comparison to other "safer" alternatives.
If you truly think that Bitcoin is the way to go, do what you will, but you'll find it hard to spend your money without FIAT.
Nothing is 100% safe, for example BTC can be safe but the exchanges not that much, so there much sense of security is lost, and that's just one example. |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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2legit2
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August 07, 2016, 09:14:16 PM |
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I do not keep bitcoin in exchanges. After I buy the bitcoin, I withdraw from exchanges instantly. So the bitcoin is safe.
i also dont keep my bitcoins on exchanges, i only use my cold storage wallets in order to hold my bitcoins safely, i hope that it will keep my bitcoins safe |
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Blackmet
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August 07, 2016, 11:51:36 PM |
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Nope, bitcoin is a currency that always changing and you need to understnad when it will happen and trying to choose the best moment for your operations.
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betohell
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August 08, 2016, 12:09:37 AM |
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Nope, bitcoin is a currency that always changing and you need to understnad when it will happen and trying to choose the best moment for your operations.
yeah i think for bitcoin still volatile I think investment bitcoin there will always be at risk. so if you want to invest in bitcoin you should know the risks and what you will encounter. so be prepared and stay calm dude  |
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Natalim
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August 08, 2016, 02:04:58 AM |
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Of course it is safe because it is decentralized, it is not controlled by anyone so because it is a system operated that the interest of everyone is protected.
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BTC Loading
Full Member
Offline
Activity: 168
Merit: 100
if you believe you can succeed
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August 08, 2016, 02:26:33 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 ?
Is it safe to keep all of my assets in Bitcoins? IT MAY BE RISKY how Department for Combating Economic Crimes, can affect my account? IF YOUR BITCOIN ARE KEPT IN OFFLINE WALLET (ON A PC THAT IS FULLY SECURED AND ONLY YOU HAVE THE ACCESS TO THE PC) OR HARDWARE WALLET NO ONE WILL HAVE THE ACCESS TO IT EXPECT MAYBE THE GOT YOU PRIVATE KEY (THAT IS WHY MULTI-SIG WALLET IS THE BEST) What permissions they need , to freeze all my money ? THE DON'T HAVE ANY PERMISSION TO FREEZE YOUR ACCOUNT AND THE FUNNY THING IS THAT THE CAN NOT FREEZE YOUR ACCOUNT BECAUSE ONLY YOU HAVE YOUR PRIVATE KEY EXCEPT YOU GIVE IT TO THEM(THAT IS THE POWER OF BITCOIN) THE MAY TRICK YOU TO GIVE THEM OR EVEN TELL YOU THAT THE WILL JAIL YOU FOR LIFE (IF YOU COMMITTED AND OFFENSE) DOT LISTEN TO THEM TELL THEN THAT I DON'T HAVE THE PRIVATE KEY OR I LOST IT DUE TO SHOKE BECAUSE I HAVE IT ON MY BRAIN NOT ON PAPER OR MY PC SO IF YOU KEEP THE PRIVATE KEY TO YOURSELF THE BITCOIN CANT MOVE |
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relq
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August 08, 2016, 05:27:09 AM |
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Nope, bitcoin is a currency that always changing and you need to understnad when it will happen and trying to choose the best moment for your operations.
I think the only changing is the price of bitcoin, not the bitcoin itself and for me, bitcoin is really safe and many people using bitcoin too, so don't need to scare about it. |
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groll
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August 08, 2016, 05:59:07 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 ?
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 Yep, you should be the only one who know your btc wallet address and your bitcoin will be safe. Do not even try to tell it to your boyfriend or girlfriend as they might have idea how much is your wealth. lol. Just keep it to yourself. Always to make sure you logged out and avoid using public wifi and public computer when opening your bitcoin address. |
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Doms
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August 08, 2016, 07:09:55 AM |
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As with anything that can be found online, there is a certain level of risk and chance of losing our bitcoin, much the same way our online accounts including social networking, email, online banking are exposed to potential hacking. Even if we are very careful with our passwords and safe-keeping procedures, if a person is so determined to get into your account, that person will find a way to do it. Especially if it contains a huge amount of valuables like information or bitcoins which is of great value itself.
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varusisog
Member
Offline
Activity: 123
Merit: 10
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August 08, 2016, 02:34:06 PM |
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As with anything that can be found online, there is a certain level of risk and chance of losing our bitcoin, much the same way our online accounts including social networking, email, online banking are exposed to potential hacking. Even if we are very careful with our passwords and safe-keeping procedures, if a person is so determined to get into your account, that person will find a way to do it. Especially if it contains a huge amount of valuables like information or bitcoins which is of great value itself.
Security is the most important in the digital currency world. The recent hack in the Bitfinex caused 25% price drop. |
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ASHLIUSZ
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August 08, 2016, 02:38:44 PM |
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Nope, bitcoin is a currency that always changing and you need to understnad when it will happen and trying to choose the best moment for your operations.
I think the only changing is the price of bitcoin, not the bitcoin itself and for me, bitcoin is really safe and many people using bitcoin too, so don't need to scare about it. There is ultimately nowhere to find total security and total safety. If your Bitcoins are lost or stolen, there's no intermediary with the power to make you whole. |
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randy8777
Legendary
Offline
Activity: 896
Merit: 1000
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August 08, 2016, 02:55:45 PM |
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As with anything that can be found online, there is a certain level of risk and chance of losing our bitcoin, much the same way our online accounts including social networking, email, online banking are exposed to potential hacking. Even if we are very careful with our passwords and safe-keeping procedures, if a person is so determined to get into your account, that person will find a way to do it. Especially if it contains a huge amount of valuables like information or bitcoins which is of great value itself.
Security is the most important in the digital currency world. The recent hack in the Bitfinex caused 25% price drop. that's assuming bitfinex was really hacked, and not the owners running away with people's funds. and if they are really hacked, then they have done a very poor job making sure their exchange security is from the highest levels. that's what people expect from a company holding that many funds from its customers. |
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virusasog
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August 08, 2016, 03:12:08 PM |
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Nope, bitcoin is a currency that always changing and you need to understnad when it will happen and trying to choose the best moment for your operations.
I think the only changing is the price of bitcoin, not the bitcoin itself and for me, bitcoin is really safe and many people using bitcoin too, so don't need to scare about it. There is ultimately nowhere to find total security and total safety. If your Bitcoins are lost or stolen, there's no intermediary with the power to make you whole. The only thing you need is a secured wallet, use blockchain or use any of desktop wallet and bitcoin is a very safe method for payments, plus its also fast. I think near future everyone will use to it like paypal. |
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noormcs5
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August 08, 2016, 03:17:52 PM |
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Of course it is safe because it is decentralized, it is not controlled by anyone so because it is a system operated that the interest of everyone is protected.
Yes, I guess Bitcoin is very safe if you follow the basis rules of keeping your wallet safe. It is an investment also and it is not owned by any country. All these things make it the best Digital Currency. |
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PokerFace3
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August 08, 2016, 03:20:02 PM |
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As with anything that can be found online, there is a certain level of risk and chance of losing our bitcoin, much the same way our online accounts including social networking, email, online banking are exposed to potential hacking. Even if we are very careful with our passwords and safe-keeping procedures, if a person is so determined to get into your account, that person will find a way to do it. Especially if it contains a huge amount of valuables like information or bitcoins which is of great value itself.
Security is the most important in the digital currency world. The recent hack in the Bitfinex caused 25% price drop. we can't say which is good or bad just by the security... even though the highly secure banks are being robed.... and hacker can hack even a penny if they want and they can leave 100 of dollar if they dont want to take... so its all depend on luck and your security level... talking about bitfinex, they are not only responsible for price drop there are other factors too |
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trickshot22
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August 08, 2016, 03:33:09 PM |
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of course bitcoin is safe right now, i think that the price of the bitcoin is going to grow a lot in the future so it would be better to invest in it right now
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sishendaoye
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August 08, 2016, 07:11:19 PM |
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Yes, the bitcoin is a very safe method for payments, plus its also fast.
The only thing you need is a secured wallet, use blockchain or something.
Preserving your bitcoin is safe but if you want to ensure what you have has price, I mean ensure from not decreasing value then bitcoin has some risks. I think exactly the same as you. Because I also believe that bitcoins are safe because it is also widely used by many people. So it has to be safe, I think. Bitcoin is safe to use and you should not focus on the negative because if you do that then it might go wrong. I have never faced any problems with Bitcoin so if you ask me it is safe to use. |
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Lionidas
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August 08, 2016, 07:54:37 PM |
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From the recent attacks on the exchanges recently including what is going on with Bleutrade, I don't think bitcoin is safe to use right now. But that is my opinion.  |
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AndySt
Legendary
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Activity: 2142
Merit: 1012
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August 08, 2016, 08:13:02 PM |
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From the recent attacks on the exchanges recently including what is going on with Bleutrade, I don't think bitcoin is safe to use right now. But that is my opinion. Just don't put all your eggs in one basket and you will be happy. |
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Lionidas
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August 08, 2016, 08:14:41 PM |
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From the recent attacks on the exchanges recently including what is going on with Bleutrade, I don't think bitcoin is safe to use right now. But that is my opinion. Just don't put all your eggs in one basket and you will be happy. Then where would you suggest putting them? Just holding on to them for life in fear of them getting away from you in investing into the wrong company? |
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