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DimidoffVany
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August 08, 2016, 08:47:19 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. Since not all countries recognize cryptocurrency, and some even resist its implementation in the financial system, the need for safer solutions to monetize bitcoin. |
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Taki
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August 08, 2016, 09:36:23 PM |
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Bitcoin is good way for investment. That is fact. But cause of bitcoin is crypto currency and it exist on the net - it is not so saved. We all remember a story with Bitfinex. Big number of money was stolen only cause of some hacker could go through the site's security. I think online wallets will never be saved, cause every day appear new and new hacker who can pass all barriers.
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Lionidas
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August 08, 2016, 10:09:11 PM |
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Bitcoin is good way for investment. That is fact. But cause of bitcoin is crypto currency and it exist on the net - it is not so saved. We all remember a story with Bitfinex. Big number of money was stolen only cause of some hacker could go through the site's security. I think online wallets will never be saved, cause every day appear new and new hacker who can pass all barriers.
Well that in part is not so true. These online wallets do enable you to put in a 2FA password on your account. If the user decides not to enable this feature then it is their fault to not put it on in the first place. |
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greatr
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August 08, 2016, 10:44:37 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
i think you are right, if you hold your bitcoins in a place like cold storage or something like that then it is pretty much impossible for someone to steal your bitcoins |
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Nimbulan
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August 08, 2016, 11:23:58 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.  bitcoin is the safest currency to have right now if you are holding it in your hardware wallet or other cold storage, i think that in this way you can safely hold your coins |
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fravia
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August 08, 2016, 11:35:10 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. thats true, if you are a trader then i highly dont recommend to hold all your bitcoins and trade on one exchange as you might lose a lot of money because of such decision |
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MTBTT
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August 09, 2016, 12:18:37 AM |
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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
yeah I think if you use bitcoin as a long term investment. certainly bitcoin is a safe investment. because the year bitcoin will definitely grow and prices will also follow |
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freedomgo
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August 09, 2016, 12:48:14 AM |
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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
yeah I think if you use bitcoin as a long term investment. certainly bitcoin is a safe investment. because the year bitcoin will definitely grow and prices will also follow Of course the price is the replicate of the success of bitcoin, with a low price that means bitcoin is not that stable and since the price is increasing that would simply mean that we are going to a good path for success. |
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Doamader
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August 09, 2016, 01:15:16 AM |
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Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
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Xester
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August 09, 2016, 02:28:51 AM |
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It is totally safe just make sure that you're the only one who knows your password and btc address. It is safe just make sure that you did not transact using public wifi and on public computer. Aside from that, it is hassle free whenever you want to pay or buy something using your btc as it only needs the address of the recipient.
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madwica
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August 09, 2016, 04:31:07 AM |
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It is totally safe just make sure that you're the only one who knows your password and btc address. It is safe just make sure that you did not transact using public wifi and on public computer. Aside from that, it is hassle free whenever you want to pay or buy something using your btc as it only needs the address of the recipient.
That is correct that bitcoin is safe until you are the only who knows your password but it is not advisable to store a lot of money because bitcoin investment is very risky but one thing i like in bitcoin the good services that provides to the users. |
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antonioa
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August 09, 2016, 04:40:42 AM |
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Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
After what happened with this trade exchanges will need to think about the security of their funds, which are kept in such places in the network. In general, it is not wise to trust their money to those who have already demonstrated their inability. So bitfinex, I think forever lost its rating. |
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TGD
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August 09, 2016, 05:25:39 AM |
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Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
After what happened with this trade exchanges will need to think about the security of their funds, which are kept in such places in the network. In general, it is not wise to trust their money to those who have already demonstrated their inability. So bitfinex, I think forever lost its rating. Yes agree it will never be back the trust they made for the people who got victim of hacks and lost big amount of money, but it's a lesson to us that do not full trust any exchanger , and do not put all your money in exchanger. |
Don't mind me | Just checking out here for Duelbits Promotion | Bitcoin 1M | Duelbits no 1 |
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Gilf
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August 09, 2016, 05:38:38 AM |
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Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
After what happened with this trade exchanges will need to think about the security of their funds, which are kept in such places in the network. In general, it is not wise to trust their money to those who have already demonstrated their inability. So bitfinex, I think forever lost its rating. Yes agree it will never be back the trust they made for the people who got victim of hacks and lost big amount of money, but it's a lesson to us that do not full trust any exchanger , and do not put all your money in exchanger. After administration of the exchanger has announced that after attracting investors will indemnify the victims, many may bite on this trick and stay there, thus exposing themselves to the risk again. |
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goldcoinminer
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August 09, 2016, 09:17:33 AM |
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Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
After what happened with this trade exchanges will need to think about the security of their funds, which are kept in such places in the network. In general, it is not wise to trust their money to those who have already demonstrated their inability. So bitfinex, I think forever lost its rating. Yes agree it will never be back the trust they made for the people who got victim of hacks and lost big amount of money, but it's a lesson to us that do not full trust any exchanger , and do not put all your money in exchanger. After administration of the exchanger has announced that after attracting investors will indemnify the victims, many may bite on this trick and stay there, thus exposing themselves to the risk again. It is only one exchange site, there are still trusted exchange sites and if I am a client I would always diversify my investment to minimize the loses, we cannot predict the future so it is better to be safe than sorry. If somebody loses a big amount of bitcoin due to the hacking then you cannot blame him if he loses his trust with bitcoin, blame it to a certain exchange site. |
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varusisog
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Activity: 123
Merit: 10
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August 09, 2016, 01:10:54 PM |
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Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
After what happened with this trade exchanges will need to think about the security of their funds, which are kept in such places in the network. In general, it is not wise to trust their money to those who have already demonstrated their inability. So bitfinex, I think forever lost its rating. Yes agree it will never be back the trust they made for the people who got victim of hacks and lost big amount of money, but it's a lesson to us that do not full trust any exchanger , and do not put all your money in exchanger. After administration of the exchanger has announced that after attracting investors will indemnify the victims, many may bite on this trick and stay there, thus exposing themselves to the risk again. It is only one exchange site, there are still trusted exchange sites and if I am a client I would always diversify my investment to minimize the loses, we cannot predict the future so it is better to be safe than sorry. If somebody loses a big amount of bitcoin due to the hacking then you cannot blame him if he loses his trust with bitcoin, blame it to a certain exchange site. It is better to use less than 10% of the bitcoin to trade in exchanges. So if you lose some, it is not the end of the day. |
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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August 09, 2016, 01:37:38 PM |
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Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
After what happened with this trade exchanges will need to think about the security of their funds, which are kept in such places in the network. In general, it is not wise to trust their money to those who have already demonstrated their inability. So bitfinex, I think forever lost its rating. Yes agree it will never be back the trust they made for the people who got victim of hacks and lost big amount of money, but it's a lesson to us that do not full trust any exchanger , and do not put all your money in exchanger. After administration of the exchanger has announced that after attracting investors will indemnify the victims, many may bite on this trick and stay there, thus exposing themselves to the risk again. It is only one exchange site, there are still trusted exchange sites and if I am a client I would always diversify my investment to minimize the loses, we cannot predict the future so it is better to be safe than sorry. If somebody loses a big amount of bitcoin due to the hacking then you cannot blame him if he loses his trust with bitcoin, blame it to a certain exchange site. It is better to use less than 10% of the bitcoin to trade in exchanges. So if you lose some, it is not the end of the day. Whether or not the amount you have for trading purposes is low or high, you must withdraw all your coins once you're done trading. Don't leave them on an exchange because you're too lazy to deposit them again. Better safe than sorry. |
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GamingBro
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August 09, 2016, 02:31:45 PM |
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I think yes, because if you are choosing good wallet for storing your money, you have very low chanse to lose your money, and also is much better to use multi wallets.
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CoinFoxs
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Activity: 1816
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August 09, 2016, 03:46:33 PM |
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I think yes, because if you are choosing good wallet for storing your money, you have very low chanse to lose your money, and also is much better to use multi wallets.
It is not a good option brother because if someone hack your wallet then you will loose all your assets and you have no money with you and no one can help you at that time of trouble. So place some amount in bitcoin wallet through you can do trading if you want to do or buy something if you wanna buy something. Banks are good option then bitcoin wallet because you can claim or blame your bank in case if you loose your money from bank. |
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serjent05
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Activity: 3038
Merit: 1280
Get $2100 deposit bonuses & 60 FS
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August 09, 2016, 05:25:29 PM |
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Sure inside news of bitcoin, like bitfinex, their security issue, had damaged bitcoin for a while, but bitcoin its very strong and powerful, to such problem be able to kill it. I would trust into bitcoin, and i have no doubt that bitcoin will stay for years if not forever.
After what happened with this trade exchanges will need to think about the security of their funds, which are kept in such places in the network. In general, it is not wise to trust their money to those who have already demonstrated their inability. So bitfinex, I think forever lost its rating. Yes agree it will never be back the trust they made for the people who got victim of hacks and lost big amount of money, but it's a lesson to us that do not full trust any exchanger , and do not put all your money in exchanger. After administration of the exchanger has announced that after attracting investors will indemnify the victims, many may bite on this trick and stay there, thus exposing themselves to the risk again. It is only one exchange site, there are still trusted exchange sites and if I am a client I would always diversify my investment to minimize the loses, we cannot predict the future so it is better to be safe than sorry. If somebody loses a big amount of bitcoin due to the hacking then you cannot blame him if he loses his trust with bitcoin, blame it to a certain exchange site. It is better to use less than 10% of the bitcoin to trade in exchanges. So if you lose some, it is not the end of the day. Whether or not the amount you have for trading purposes is low or high, you must withdraw all your coins once you're done trading. Don't leave them on an exchange because you're too lazy to deposit them again. Better safe than sorry. I agree that you can withdraw stuff that you don't need to store in an exchange like when you are selling your altcoin to bitcoin, you can withdraw your bitcoin gained but the problem is what if you are buying an altcoin? So you will put a buy wall and then what? Withdraw it when you are about to go offline? Of course no, unless you don't want that buy wall to be there anymore. |
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