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Author Topic: Is Bitcoins safe?  (Read 90051 times)
goldcoinminer
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August 24, 2016, 01:43:40 AM
 #1141

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 ?
Its not safe to put all your assets into bitcoins. As we see the attacks of the hackers is happening very often. In terms on permission, i think its depends on you law at your area. Here.in my country, if your involve into crime such as graft and corruption or anything else thet involves money they will freeze all your money. But i think bitcoin cannot be freeze because its decentralize and not handled by banks or any third party.
In generate bitcoin is safe and the only problem is the exchange sites who were not able to properly secure their clients, but that risk can be minimize but doing good measure like not putting all your money online particularly in exchange sites.
That's true, exchange sites are prone to hacking and we have already witness that so we need to take the necessary measure to protect our bitcoins, by storing it in our offline wallet will make it safe and will give us the chance to continue trading and appreciate bitcoin.
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MingLee
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August 24, 2016, 01:56:50 AM
 #1142

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 ?
Its not safe to put all your assets into bitcoins. As we see the attacks of the hackers is happening very often. In terms on permission, i think its depends on you law at your area. Here.in my country, if your involve into crime such as graft and corruption or anything else thet involves money they will freeze all your money. But i think bitcoin cannot be freeze because its decentralize and not handled by banks or any third party.
In generate bitcoin is safe and the only problem is the exchange sites who were not able to properly secure their clients, but that risk can be minimize but doing good measure like not putting all your money online particularly in exchange sites.
That's true, exchange sites are prone to hacking and we have already witness that so we need to take the necessary measure to protect our bitcoins, by storing it in our offline wallet will make it safe and will give us the chance to continue trading and appreciate bitcoin.
Exchange sites aren't necessarily prone to hacking, but they are high-value targets and as such it seems more like there are more hacks when compared to most other websites and similar businesses. Since Bitcoin is relatively untraceable, there is a big incentive to go after those sites. While it is better to keep your Bitcoin off of exchange sites and in wallets that you have control of, sometimes high-speed traders or people looking to make a quick profit will just keep them on the site.
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August 24, 2016, 04:18:23 AM
 #1143

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 ?
Its not safe to put all your assets into bitcoins. As we see the attacks of the hackers is happening very often. In terms on permission, i think its depends on you law at your area. Here.in my country, if your involve into crime such as graft and corruption or anything else thet involves money they will freeze all your money. But i think bitcoin cannot be freeze because its decentralize and not handled by banks or any third party.
In generate bitcoin is safe and the only problem is the exchange sites who were not able to properly secure their clients, but that risk can be minimize but doing good measure like not putting all your money online particularly in exchange sites.
That's true, exchange sites are prone to hacking and we have already witness that so we need to take the necessary measure to protect our bitcoins, by storing it in our offline wallet will make it safe and will give us the chance to continue trading and appreciate bitcoin.

you have choice to choose using echanger, why you not trying use decentralization changer like shapeshirt.io ? or you can trade your bitcoin at bitcointalk marketplace then using escrow for secure transaction ?

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blackmachinegun
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August 24, 2016, 05:45:17 AM
 #1144


if you use shapeshift.io it's very safe changer, decentralization system make we can hold our purchasing, so we can manage it, but the rate of shapeshift usually not same like other normal changer.

Well every exchanger has it's own different exchange rate because that was business after all.

If you are really looking into quite safe one to purchase coins, it's not wrong if you will try those exchanger that really proven their names in the market although it's not an assurance that it is 100% safe.

If you really like a 100% safe, you can do some meetups in your location based on party's exchange rate deal.
I think as long you not save your coins or money at exchanger it will not be a problem since we do withdraw/deposit every time we want to made a trade.
thats true, i never put my money on an exchange in order for not to have any big problems with my money being stolen
I think that after what happened at bitfinex Exchange, many purses will be on the network side. Desk is the best for storage.
I thought it would be safer if you keep in your bitcoin wallet and not in exchange site? and it would be safe if you avoid anything that smells of third parties or is controlled by a party. because you know yourself with the case bitfinex. no third party can be said to be 100% secure. so you should still be carefull


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August 24, 2016, 02:11:34 PM
 #1145


if you use shapeshift.io it's very safe changer, decentralization system make we can hold our purchasing, so we can manage it, but the rate of shapeshift usually not same like other normal changer.

Well every exchanger has it's own different exchange rate because that was business after all.

If you are really looking into quite safe one to purchase coins, it's not wrong if you will try those exchanger that really proven their names in the market although it's not an assurance that it is 100% safe.

If you really like a 100% safe, you can do some meetups in your location based on party's exchange rate deal.
I think as long you not save your coins or money at exchanger it will not be a problem since we do withdraw/deposit every time we want to made a trade.
thats true, i never put my money on an exchange in order for not to have any big problems with my money being stolen
I think that after what happened at bitfinex Exchange, many purses will be on the network side. Desk is the best for storage.
I thought it would be safer if you keep in your bitcoin wallet and not in exchange site? and it would be safe if you avoid anything that smells of third parties or is controlled by a party. because you know yourself with the case bitfinex. no third party can be said to be 100% secure. so you should still be carefull



Since we are owing a valuable coins we should take all the necessary measure to protect it, storing our money in offline wallet is safer that putting in an exchange sites. You only send some money use for trading when you need it and withdraw it back automatically when you are done for the day.

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BitcoinPaw
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August 24, 2016, 02:18:55 PM
 #1146

It's safe till you are not a rich guy with millions on your wallets and everybody trying to steal your money in different scam ways, so it's safe, yes  Grin

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August 24, 2016, 10:47:23 PM
 #1147


if you use shapeshift.io it's very safe changer, decentralization system make we can hold our purchasing, so we can manage it, but the rate of shapeshift usually not same like other normal changer.

Well every exchanger has it's own different exchange rate because that was business after all.

If you are really looking into quite safe one to purchase coins, it's not wrong if you will try those exchanger that really proven their names in the market although it's not an assurance that it is 100% safe.

If you really like a 100% safe, you can do some meetups in your location based on party's exchange rate deal.
I think as long you not save your coins or money at exchanger it will not be a problem since we do withdraw/deposit every time we want to made a trade.
thats true, i never put my money on an exchange in order for not to have any big problems with my money being stolen
I think that after what happened at bitfinex Exchange, many purses will be on the network side. Desk is the best for storage.
I thought it would be safer if you keep in your bitcoin wallet and not in exchange site? and it would be safe if you avoid anything that smells of third parties or is controlled by a party. because you know yourself with the case bitfinex. no third party can be said to be 100% secure. so you should still be carefull



of course it wouldnt be safe to keep your money on an exchange, thats like keeping your money in the bank, whats the point of bitcoins then?
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August 27, 2016, 04:19:46 PM
 #1148

Yes, bitcoin is safe if you compare with many other payment methods, it is actually one of the safest methods in my opinion.
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August 27, 2016, 05:13:46 PM
 #1149

Yes, bitcoin is safe if you compare with many other payment methods, it is actually one of the safest methods in my opinion.

It was proven to be safe though also proven that there are risk when you get careless about it.  But all in all using it  is safe because of bitcoin feature.  If you are using the right address to send it will always arrive though it might be delayed sometimes but it will surely arrive.  Your identity is safe too since you don't have to fill up any identification form when you download a bitcoin wallet.

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August 27, 2016, 05:24:28 PM
 #1150

Yes, bitcoin is safe if you compare with many other payment methods, it is actually one of the safest methods in my opinion.

It was proven to be safe though also proven that there are risk when you get careless about it.  But all in all using it  is safe because of bitcoin feature.  If you are using the right address to send it will always arrive though it might be delayed sometimes but it will surely arrive.  Your identity is safe too since you don't have to fill up any identification form when you download a bitcoin wallet.
I think that depends because inmy country identity is on a government wallet which we use it for buying and selling bitcoins .it requires to fill up my identity .but i think it is safe.but using a unde transactions it is safe for me to use blockchain.


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August 27, 2016, 05:27:22 PM
 #1151

Yes, bitcoin is a very safe method for payments, besides of being fast. Of course you need to take security measures and choose a secure wallet.
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August 27, 2016, 05:55:03 PM
 #1152

Aside from when your Bitcoin is sitting in a wallet, Bitcoin is the safest form of large money transfer that exists currently. There are very few other methods that (as long as you get the address right) are basically completely unbreakable and keep your money 100% safe while it is being transferred, domestically or internationally.
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August 27, 2016, 05:59:08 PM
 #1153

Forget about bitcoin and tell me is your computer safe. Are you sure it is not infected by any hacker or any virus? You can never gurrenty it. But i can gurrenty that bitcoin has basically an milletry grade security which is 10times more than your pc.so if someone tried very very hard attack on your computer then only he  can get some chance to see your private key

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August 27, 2016, 08:43:35 PM
 #1154

Yes, bitcoin is safe if you compare with many other payment methods, it is actually one of the safest methods in my opinion.
you are right that bitcoin is safe and i also feel more safest during payment method than other payment and i like the fastest transaction with lowest fees of bitcoin .
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August 27, 2016, 09:48:28 PM
 #1155

Yes, bitcoin is safe if you compare with many other payment methods, it is actually one of the safest methods in my opinion.
you are right, in my opinion the price of the bitcoin is going to grow only in the future and it is like impossible for the bitcoin to be stolen from cold storages

 
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August 28, 2016, 12:19:15 PM
 #1156

Yes, bitcoin is safe if you compare with many other payment methods, it is actually one of the safest methods in my opinion.
you are right, in my opinion the price of the bitcoin is going to grow only in the future and it is like impossible for the bitcoin to be stolen from cold storages
Yes i also feel safe whenever i do transaction with bitcoin, i wont say that the transaction is fast because for me is quite slow, but for safety i think bitcoin is quite good, especially when you dont need to provide information when you create the wallet, so your personal information wont be detected
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August 28, 2016, 12:24:56 PM
 #1157

Bitcoin is pretty safe, especially bitcoin wallets. You don't have to worry about coin theft.
I think it's a problem wallet. You do not need to worry about it. because you can only get a good security because you can add multiple authentication in that wallet
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August 28, 2016, 12:44:23 PM
 #1158

Bitcoin is pretty safe, especially bitcoin wallets. You don't have to worry about coin theft.
I think it's a problem wallet. You do not need to worry about it. because you can only get a good security because you can add multiple authentication in that wallet
Even in online wallet you can have it 2FA, so hackers cannot easily steal your bitcoins though they have some of your information. In current times, most of the transactions are already online therefore some businesses are also developing some applications to increase the security of our accounts.

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August 28, 2016, 05:22:47 PM
 #1159

Bitcoin is pretty safe, especially bitcoin wallets. You don't have to worry about coin theft.
I think it's a problem wallet. You do not need to worry about it. because you can only get a good security because you can add multiple authentication in that wallet
you are right, in my opinion bitcoins are really safe and in my opinion wallets can be not safe enough if its online so i only use cold wallets

 
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August 28, 2016, 06:17:12 PM
 #1160

Bitcoin is pretty safe, especially bitcoin wallets. You don't have to worry about coin theft.
I think it's a problem wallet. You do not need to worry about it. because you can only get a good security because you can add multiple authentication in that wallet
you are right, in my opinion bitcoins are really safe and in my opinion wallets can be not safe enough if its online so i only use cold wallets
Yes, it can be considered safe just like everything there are always errors of human nature, loss password,  sending the wrong direction, etc....  which results in loss of coins, so you have to be very careful after all.
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