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Author Topic: Is Bitcoin trusted to put your real money  (Read 47781 times)
Lionidas
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February 22, 2016, 06:46:33 AM
 #161

Yes, how else would you get bitcoin if not for putting some money into it to get some to start?
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ctlaltdefeat
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February 22, 2016, 06:49:43 AM
 #162

I still think that bitcoin still got the chance to get hacked, soo I'll use fiat bank to safe my money.

Even tho you still can get robbed with fiat money...
Everything has a risk, even fiat banks could get hacked easily such as through carding method to suck your money etc.
And i think it's back to ourselves how we react on it . I mean how we keep that bitcoin/fiat money safe . So far bitcoin has stronger security feature than fiat money through "paper wallet".
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February 22, 2016, 08:40:27 AM
 #163

I do believe in exhanging real money to bitcoin. But there are lot of scam sites , one can withdraw bitcoin whenever needed and keep it in a wallet
Kollor
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February 22, 2016, 12:35:10 PM
 #164

Yes it is...if you believe and you have seen the bitcoin's progress from the past years, then you might even say that I should have known and invested in bitcoin those years that it started...the only not trusted in bitcoin world are those ponzis and fake exchanges that will give you headache when you are hooked by their bait...
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February 22, 2016, 12:36:52 PM
 #165

of course it is trusted to put real money!! I prefer not large amount of money to be put. A small amount will benefit you as even if there arises certain bans it won't affect you much as you have invested or put small amount.
masyari
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February 22, 2016, 12:53:13 PM
 #166

I do believe in exhanging real money to bitcoin. But there are lot of scam sites , one can withdraw bitcoin whenever needed and keep it in a wallet
Like Mtgox ? You just need to be careful. Do not store bitcoin in exchange dude
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February 22, 2016, 01:15:57 PM
 #167

I do believe in exhanging real money to bitcoin. But there are lot of scam sites , one can withdraw bitcoin whenever needed and keep it in a wallet
Like Mtgox ? You just need to be careful. Do not store bitcoin in exchange dude
It is your responsibility to protect your coins because it is your money used to buy it. If you are not trading it, it is better to store it in cold storage than in exchanges or online wallet.

knowhow
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February 22, 2016, 02:00:20 PM
 #168

Well  several companies  made their own wallets providing security to them,some has 2fa others have a seconday password,soo you will loose money if you loose or forgot your passwords.
novgod
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February 22, 2016, 02:04:31 PM
 #169

Bitcoin is secure if you use simple paper wallet and don't save that file online. Just print it and store till you want to exchange your bitcoin in it. Talking about growing your money via bitcoin than it depends upon how market  will grow in the future, there is no guarantee of loss or profit. But as you can see the current trend is towards profit.
lostintranslation
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February 22, 2016, 02:05:53 PM
 #170

I know it's almost impossible to convince someone to buy something via internet. And that's fair IMO because relying on online information only you can be easily deceived. So you better ask people who you know in real life about their experience with Bitcoin. Also respected sources of information like Forbes for example might help.
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February 22, 2016, 02:25:20 PM
 #171

Well  several companies  made their own wallets providing security to them,some has 2fa others have a seconday password,soo you will loose money if you loose or forgot your passwords.
It is, but you need to look at the value. That is very important. You can invest but there is a risk that you also can lose some money.

I hope later that you will have some profit in the future that you can make. Patience is very important.
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February 22, 2016, 02:27:02 PM
 #172

There is nothing 100% trusted in the world. Anyways, I've been systematically putting some fiat into bitcoin wallets every month. I believe price will increase with the halving and I'll profit a little amount Cheesy
john2231
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February 22, 2016, 02:30:08 PM
 #173

I think yes i trusted bitcoin to put our money.. and you can make profit with your money if you buy bitcoins when the price is low..
Just make sure your wallet is safe with 2 factor authentication. and never share your password to anyone..
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February 22, 2016, 02:41:15 PM
 #174

Well  several companies  made their own wallets providing security to them,some has 2fa others have a seconday password,soo you will loose money if you loose or forgot your passwords.

never trust a third party with your money dude.
no matter how secure they claim to be, there is always a lot of risks involved when using these services. try and learn how to store bitcoin on your own. it is an easy process that you can perform on your own and also there are walkthroughs on the internet if you need any help doing that.

Fademigo
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February 22, 2016, 06:38:57 PM
 #175

I think yes i trusted bitcoin to put our money.. and you can make profit with your money if you buy bitcoins when the price is low..
Just make sure your wallet is safe with 2 factor authentication. and never share your password to anyone..

Do you store the bitcoin online? I do not trust any online wallets. I just store every thing in my own wallet.
Anddos
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February 22, 2016, 06:46:07 PM
 #176

What do you mean "real money"? You mean to say bitcoins, right? From what I've read it's safer than a bank, so...

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February 22, 2016, 07:18:40 PM
 #177

Bitcoin is the only way to have "safe money". All other forms of money are not safe. Sure, you can have gold in your house, but that's only if you have all of your holdings at home, and you can't do much with gold, beyond local transactions. With Bitcoin you can do operations worldwide. It just has no competition.
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February 22, 2016, 07:24:14 PM
 #178

Yes, of course Bitcoin is trusted, just by taking a look at how much volume of Bitcoins is being traded everyday tells Cheesy
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February 23, 2016, 06:51:43 AM
 #179

Yes, of course Bitcoin is trusted, just by taking a look at how much volume of Bitcoins is being traded everyday tells Cheesy
You are right. In a decentralized environment you will have full control of your money but in elecronic format. So, putting in
your real money into bitcoin ecosystem is highly safe.
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February 23, 2016, 02:20:39 PM
 #180

Yes, of course Bitcoin is trusted, just by taking a look at how much volume of Bitcoins is being traded everyday tells Cheesy
You are right. In a decentralized environment you will have full control of your money but in elecronic format. So, putting in
your real money into bitcoin ecosystem is highly safe.

We wouldn't be here if it wasn't safe actually. We already have built a community around it.


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