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Author Topic: Is Bitcoins safe?  (Read 90051 times)
Legasean
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October 06, 2016, 08:36:02 AM
 #1461

Bitcoin is safe to use and I have never faced any problems with it, you just have to know what you are doing and do not do unnecessary things that you will end up regretting.
Just keep the Bitcoin to yourself and you should be alright with it.
Chennai
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October 09, 2016, 01:03:58 PM
 #1462

Yes it is safe and well secured. But though the system is well secured, it all depends on the users who should set up their wallets secured following the instruction given to amend their settings. The more security is created, the more hackers are created on the other hand as well. Hence, secure your system first before keeping your bitcoins into it. This would avoid unnecessary entry of hackers.
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October 09, 2016, 01:26:48 PM
 #1463

I think bitcoins is safe enough.. Bitcoin is encrypted with private keys and it's impossible to move the coins unless you knew the wallet password.
yes bitcoin is really a safe investment, i have fully trust on it, and that is the reason that i have invested my 75% assets in bitcoin, and still interested to invest more and more.
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October 09, 2016, 01:29:49 PM
 #1464

On the protocol itself, yes, it is safe and secure. Studies and test attacks solidify that claim, even prominent computer scientists agree on this statement. However, no matter how secure the system is, there would always be loopholes and weakness that hackers might exploit. Aside from that, third-party services that utilizes the protocol in their own system, which is susceptible to hacks, make bitcoin's own security weak to the eyes of its users. And the users themselves, too, that don't ensure the strength of their wallets' security blame bitcoin for whatever unfateful things happened to their funds Lol.
Bitcoinbro
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October 13, 2016, 02:07:30 PM
 #1465

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 ?

I'm not sure what you mean by "safe" , If you mean storing so no one really finds out about them then yes most likely you can do that . But if you mean selling all and buy BTC instead then... no one can be sure about that , price can decrease with time and can increase .. It all depends on many factors such Miners wanting to continue mining (If they see profit) , Supply-demand etc ...
Bitcoin cannot be frozen , and if you hide them I don't see how they will find out about them honestly .

Just want to hide some money. And I dont see, how I can get Bitcoins anonymously.

I am new to this but can you not buy for cash on something like localBitcoins
I do think that Bitcoin safe to use because I have never had any problems with it so I think that you should try it out if you have never tried it.
It is true that hackers and scammers are active but just ignore that.
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October 13, 2016, 02:19:25 PM
 #1466

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 ?

I'm not sure what you mean by "safe" , If you mean storing so no one really finds out about them then yes most likely you can do that . But if you mean selling all and buy BTC instead then... no one can be sure about that , price can decrease with time and can increase .. It all depends on many factors such Miners wanting to continue mining (If they see profit) , Supply-demand etc ...
Bitcoin cannot be frozen , and if you hide them I don't see how they will find out about them honestly .

Just want to hide some money. And I dont see, how I can get Bitcoins anonymously.

I am new to this but can you not buy for cash on something like localBitcoins
I do think that Bitcoin safe to use because I have never had any problems with it so I think that you should try it out if you have never tried it.
It is true that hackers and scammers are active but just ignore that.
yes i also agree with you that bitcoin is really a safe investment and there is no doubt about it, i also using bitcoin for a long time and never find any problem in using bitcoin.
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October 13, 2016, 03:06:57 PM
 #1467

Bitcoins are just as safe, or if not safer than cash. It just depends on whether or not YOU take the proper steps to protect your investment.
the most Important thing to secure your bitcoin to do is. keep your wallet in a safe place. don't store it in the computer you are using for online purposes. just use them in a USB.. and 2nd is don't store big money in oline wallet. use trazer wallet for that.
Financial_Genius (OP)
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October 13, 2016, 09:19:06 PM
 #1468

The main difference between e-money and virtual currency that electronic money is attached to "traditional" money and expressed in the same measurement units (Euro, USD), that is, their value is known in promotion .There is a perception that bitcoin is nothing but a pyramid scheme: to become a participant of the system you need (in most cases) to buy bitcoins for real money, but to refuse to participate and to return only on the condition that the bitcoin buy other participants. Maximum power state intervention might look like ban the use of crypto currencies for payments in a specific country
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October 14, 2016, 02:29:31 AM
 #1469

The bitcoin is safe but its depending on how you are looking at it indeed, if you are talking about if its safe to invest, I would say that it stays a investment of course.
If we talk about storing its pretty safe for sure.
goldcoinminer
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October 14, 2016, 02:35:09 AM
 #1470

The bitcoin is safe but its depending on how you are looking at it indeed, if you are talking about if its safe to invest, I would say that it stays a investment of course.
If we talk about storing its pretty safe for sure.
When it comes to investment bitcoin is never safe as in the first place there is no safe in investment it all involves risk and bitcoin has a history of price crash so that alone would already prove that our investment is not safe, we are like gambling here so do not put a big amount of money.
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October 14, 2016, 02:51:58 AM
 #1471

The bitcoin is safe but its depending on how you are looking at it indeed, if you are talking about if its safe to invest, I would say that it stays a investment of course.
If we talk about storing its pretty safe for sure.
When it comes to investment bitcoin is never safe as in the first place there is no safe in investment it all involves risk and bitcoin has a history of price crash so that alone would already prove that our investment is not safe, we are like gambling here so do not put a big amount of money.

Indeed bitcoin is not pretty safe if you have investment and putting your all asset to bitcoin is not good idea.better deal or getting advice with the financial expert so that your asset will not get busted.
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October 14, 2016, 03:26:12 AM
 #1472

The bitcoin is safe but its depending on how you are looking at it indeed, if you are talking about if its safe to invest, I would say that it stays a investment of course.
If we talk about storing its pretty safe for sure.
When it comes to investment bitcoin is never safe as in the first place there is no safe in investment it all involves risk and bitcoin has a history of price crash so that alone would already prove that our investment is not safe, we are like gambling here so do not put a big amount of money.

Indeed bitcoin is not pretty safe if you have investment and putting your all asset to bitcoin is not good idea.better deal or getting advice with the financial expert so that your asset will not get busted.

Bitcoin code is proven to be safe, the transaction between bitcoins are also safe because it is confirmed by lots of computers.  Concerning your bitcoin investment, it has nothing to do with bitcoin codes since it is your decision and other people who exploit other people to gain money by scamming them of their bitcoin. 

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maudevang
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October 14, 2016, 03:38:12 AM
 #1473

The bitcoin is a sort of safe on all fronds, you can control it by yourself can be stored safely and these days investing in it is also pretty safe by now so I think its very good.
chineseprancing
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October 14, 2016, 04:04:20 AM
 #1474

I think is not too safe without securities of your money and insurance, but it is good to invest for the risk taker we can get big profit if we invest big amount of money too.
clickerz
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October 14, 2016, 04:38:59 AM
 #1475


Bitcoin code is proven to be safe, the transaction between bitcoins are also safe because it is confirmed by lots of computers.  Concerning your bitcoin investment, it has nothing to do with bitcoin codes since it is your decision and other people who exploit other people to gain money by scamming them of their bitcoin. 

Agree and it  is also the basis for other alt coins. As an addition to safety, I may recommend to really backup your wallet if it is save on your hard disk as based on my experience,when hard disk fails or crash you will lost your wallets.Save the wallet.dat file in other media and put it in a safe place.

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Golftech
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October 14, 2016, 05:39:35 AM
 #1476

I think is not too safe without securities of your money and insurance, but it is good to invest for the risk taker we can get big profit if we invest big amount of money too.
the market moves so well so its safe since many investors are believing on it by now it is just how you will
handle it and take care of your investment but with the flow of bitcoin its safe to invest now.
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October 14, 2016, 06:58:20 AM
 #1477

I think is not too safe without securities of your money and insurance, but it is good to invest for the risk taker we can get big profit if we invest big amount of money too.
the market moves so well so its safe since many investors are believing on it by now it is just how you will
handle it and take care of your investment but with the flow of bitcoin its safe to invest now.

Many are saying that bitcoin is risky but with its safety for its security we can really say that it is safe. And that is why many investors are trusting bitcoin because they can see that they are able to see to get good profit out of it and they know that their money will be protected and secured if they are going to invest with bitcoin.



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October 14, 2016, 08:57:21 AM
 #1478

I think is not too safe without securities of your money and insurance, but it is good to invest for the risk taker we can get big profit if we invest big amount of money too.
the market moves so well so its safe since many investors are believing on it by now it is just how you will
handle it and take care of your investment but with the flow of bitcoin its safe to invest now.

Many are saying that bitcoin is risky but with its safety for its security we can really say that it is safe. And that is why many investors are trusting bitcoin because they can see that they are able to see to get good profit out of it and they know that their money will be protected and secured if they are going to invest with bitcoin.
Of course, in overall bitcoin is not really safe because we cannot ascertain the future of bitcoin although we are making money now because of the price increase but since we are in the crypto world where government have not recognize and legalize it, that impose a big risk for our future.

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October 14, 2016, 09:41:51 AM
 #1479

It would actually depend on how you set up your account. If your password is the same as your password on other website and one of those other websites gets their passwords leaked, then your account will probably be in danger. Otherwise, everything should be fine. This is basically the same as fiat. If you just leave your fiat in the streets, then it would surely be stolen. But if you make sure that it's safe and secure, then you should face no problem at all.

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October 14, 2016, 09:50:52 AM
 #1480


Bitcoin code is proven to be safe, the transaction between bitcoins are also safe because it is confirmed by lots of computers.  Concerning your bitcoin investment, it has nothing to do with bitcoin codes since it is your decision and other people who exploit other people to gain money by scamming them of their bitcoin. 

Agree and it  is also the basis for other alt coins. As an addition to safety, I may recommend to really backup your wallet if it is save on your hard disk as based on my experience,when hard disk fails or crash you will lost your wallets.Save the wallet.dat file in other media and put it in a safe place.
i'd agree with backing up wallet in another place for second backup even though it could increase the chance to be copied by another person but for the sake of your money safety,the risk above doesn't matter,really

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