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Author Topic: Is Bitcoins safe?  (Read 90051 times)
Denker
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August 11, 2016, 05:55:38 PM
 #1081

The bitcoin is very safe I think the bitcoin is one of the best securest currency.

Yes the Bitcoin protocol itself is very safe.
7,5 years old and no one was able to crack it.
Services who use Bitcoin to make business with it, like all those exchanges, however often fail to secure things properly.
That's really disappointing and one of the reasons why we always see these constant setbacks in terms of BTC's value.Pretty frustrating if you ask me.
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August 12, 2016, 02:28:10 AM
 #1082

The bitcoin is very safe I think the bitcoin is one of the best securest currency.

Yes the Bitcoin protocol itself is very safe.
7,5 years old and no one was able to crack it.
Services who use Bitcoin to make business with it, like all those exchanges, however often fail to secure things properly.
That's really disappointing and one of the reasons why we always see these constant setbacks in terms of BTC's value.Pretty frustrating if you ask me.
That is more I like it with bitcoin because it is very safe, only the exchanges are being hacked as I heard in the news but the system of bitcoin are perfectly done. With the millions of people supported bitcoin that would only proved that it is the safest crypto currency.

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August 12, 2016, 01:59:42 PM
 #1083


That is more I like it with bitcoin because it is very safe, only the exchanges are being hacked as I heard in the news but the system of bitcoin are perfectly done. With the millions of people supported bitcoin that would only proved that it is the safest crypto currency.

Actually it's not for being safe that's why millions of people supported bitcoin (well the numbers are really millions?). It has been supported because lots of people earned profits by using bitcoin as an investment.

Safety of bitcoin depends on the user on how they will handle their coins.
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August 12, 2016, 02:28:38 PM
 #1084

The bitcoin is very safe I think the bitcoin is one of the best securest currency.
It's secure as long as you take your own steps to make sure that your money remains secure and it doesn't drift into anyone else's hands or get destroyed. Backup wallets, 2FA when available, literally anything available to keep it safe.
I guess we do not need to worry too much about security meliki bitcoin if only in small amounts and remember to never open any link from the email with this way i never find a problem.

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August 15, 2016, 08:40:57 AM
 #1085

Yes, Bitcoin is safe and there is no issue with this thing. It is fault of exchanges as they are failing to protect the funds by not taking extra security and safety measures. We can say if a bank is robbed this simply doesn't make fiat money unsafe to use. Bitcoin is facility which requires some actions from its users to keep it secure from bad guys eyes.
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August 15, 2016, 11:47:32 AM
 #1086

Think of it as a lottery ticket.

There is a very high chance it will amount to little or no value as a currency, but if it does, a lot of money could be made from current prices. I think any "investor" in Bitcoin should be prepared to lose the entire investment as it is a very risky one.

Hope this helps. I personally find it more secure and profitable to invest in startups through a special online fund.

Yeah that is why I think if you are not that ready yet for a high price fluctuation or for a big lose then better not invest all yet. Experience it first then see if it is worth the price of it.

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August 15, 2016, 11:52:09 AM
 #1087

The bitcoin is very safe I think the bitcoin is one of the best securest currency.
It's secure as long as you take your own steps to make sure that your money remains secure and it doesn't drift into anyone else's hands or get destroyed. Backup wallets, 2FA when available, literally anything available to keep it safe.
I guess we do not need to worry too much about security meliki bitcoin if only in small amounts and remember to never open any link from the email with this way i never find a problem.
if you store in your wallet, by adding some security it can be safe, but if it is in terms of investment bitcoin is not so safe, you can see lately about hackers bitfinex, when it was exchangers great with security and confidence is high, but anything can happen on online investments. so I would say not really safe on all types of investments, currencies and others, it always risk.
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August 16, 2016, 05:23:53 AM
 #1088

If you are looking for tax evasion then you are not really safe because at some point your ip address can be traced unless you are using vpn, tor etc. I would never keep my 100% assets in bitcoin because no one really knows the future of bitcoin, all we have that is prediction. If you want to invest in bitcoin then you are entering in high risk area and as a thumb rule ‘high risk – high returns, low risks – low returns’ you would end up with either aggressive appreciation or depreciation.
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August 16, 2016, 05:25:58 AM
 #1089

All in Bitcoins? I think that you should never put all eggs in one basket.
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August 16, 2016, 05:34:48 AM
 #1090

If you are looking for tax evasion then you are not really safe because at some point your ip address can be traced unless you are using vpn, tor etc. I would never keep my 100% assets in bitcoin because no one really knows the future of bitcoin, all we have that is prediction. If you want to invest in bitcoin then you are entering in high risk area and as a thumb rule ‘high risk – high returns, low risks – low returns’ you would end up with either aggressive appreciation or depreciation.
You can't really trace the IP in an aggressive manner through the blockchain unless there's some sort of vulnerability that I'm not aware of that exists within the network. I know it's possible when using online wallets but I would assume it's nearly impossible when using a desktop wallet. Tax evasion is also something I wouldn't recommend, mostly due to any sort of audit from a bank at any point would reveal most of this unless you slowly trickled it into your account.
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August 16, 2016, 10:41:18 AM
 #1091

All in Bitcoins? I think that you should never put all eggs in one basket.

I have some investments other than the bitcoin. I have investment in the Ethereum, Monero and some other coins.
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August 16, 2016, 11:21:05 AM
 #1092

All in Bitcoins? I think that you should never put all eggs in one basket.

Why not ? I mean, many people using bitcoin until now and there is no problem on the bitcoin. I think all in on bitcoin is good, the only problem is the price itself.
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August 16, 2016, 09:34:32 PM
 #1093

Bitcoin is volatile, so it is not safe to put your all of your assets into bitcoin.
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August 16, 2016, 09:36:32 PM
 #1094

yes bitcoin is too much safer than other currency ,sometime i think that i convert my all money into bitcoin because bitcoin is very secure and beneficial than other if we hold it and then after increase its price we can get a good profit.

I can tell you one thing, no matter how promising and secure a certain investment may look, never put all your money in it. Even not when it is Bitcoin. Don't think you'll get guaranteed returns if you hold Bitcoin for a longer period of time. Guaranteed returns don't exist.
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August 16, 2016, 10:41:00 PM
 #1095

yes bitcoin is too much safer than other currency ,sometime i think that i convert my all money into bitcoin because bitcoin is very secure and beneficial than other if we hold it and then after increase its price we can get a good profit.

I can tell you one thing, no matter how promising and secure a certain investment may look, never put all your money in it. Even not when it is Bitcoin. Don't think you'll get guaranteed returns if you hold Bitcoin for a longer period of time. Guaranteed returns don't exist.

Well you are right but currently bitcoin its safe and has a shedule that should make it more valuable over the time, sure no one should invest all his money at bitcoin and take the risk. But bitcoin is growing in value and in community supporters, soo thats already 7 years online and no one found any issue at bitcoin, some projects hacked, stolen the funds but bitcoin integrity keeps untouchable.
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August 17, 2016, 03:29:59 AM
 #1096

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. Embarrassed
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
I think it's different problems. because the exchange is a third party so of course you also have to be careful because the site may be a scam. but the problem is. bitcoin is it safe? because the price of bitcoin is still a consideration for someone to invest in bitcoin. you know that fluctuations



Thanks to bitfinex. Doubts in bitcoin users through wallet exchange goes higher. Now people become aware of this kind of situation. If that didnt happen even me wont loom for another option to keep safe my bitcoin.
yeah it looks like you should be more careful again with exchange sites that do not have a clear address. as it is likely they are to be a scam
you can trade on the exchange sites have a complete and clear data. and do not put all of your money in that site
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August 17, 2016, 03:41:12 AM
 #1097

yes bitcoin is too much safer than other currency ,sometime i think that i convert my all money into bitcoin because bitcoin is very secure and beneficial than other if we hold it and then after increase its price we can get a good profit.

I can tell you one thing, no matter how promising and secure a certain investment may look, never put all your money in it. Even not when it is Bitcoin. Don't think you'll get guaranteed returns if you hold Bitcoin for a longer period of time. Guaranteed returns don't exist.
Man crazy price of bitcoin. Even if now it has fallen slightly, it still holds quite high. And in the future may even go up to $ 1000 or even more. But we must consider that today there is no stable bitcoin. The risk of losing the savings are very large.
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August 17, 2016, 04:47:46 AM
 #1098

Bitcoins is really safe and no one can easily access to your wallet unless you are going to give your keys and password to someone you don't know.
Just like what the people in the deep web are doing. They are having transactions with the use of bitcoins so that their identity are going to be hide and hard to traced.

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August 17, 2016, 04:55:15 AM
 #1099

Bitcoins is really safe and no one can easily access to your wallet unless you are going to give your keys and password to someone you don't know.
Just like what the people in the deep web are doing. They are having transactions with the use of bitcoins so that their identity are going to be hide and hard to traced.
Many people after what happened with bitfinex, thinking that their financial savings could be in danger if they are stored online in your wallet. From this no one is immune. But as far as I know, there are safer options purses that everyone can afford.
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August 18, 2016, 09:20:57 AM
 #1100

Bitcoin is the safest payment method there is available at the moment... when you use paypal for a while you know why wink emotikon
how bitcoin can provide security for the payment method? no one can give you protection when you're dealing with a third party in bitcoin? '
PayPal provides protection for users and buyers? because they have control over all transactions? bitcoin does not have it?
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