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Author Topic: Is Bitcoin trusted to put your real money  (Read 48064 times)
Hugroll
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February 13, 2016, 05:34:39 PM
 #81

bitcoins can't be hacked lol, and beware of any sites that "pomise" you a return on your investment with bitcoin. there are very little ways that bitcoins can be invested so majority of these sites are scams.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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iamthesky
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February 13, 2016, 06:18:36 PM
 #82

bitcoins can't be hacked lol, and beware of any sites that "pomise" you a return on your investment with bitcoin. there are very little ways that bitcoins can be invested so majority of these sites are scams.

That's true, there is no way that can multiply your bitcoins in a quick time, so if you invest your bitcoins somewhere you need to be very careful before investing.
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February 13, 2016, 07:01:02 PM
 #83

There is no website that can be trusted to put your real money in and most investment websites that promise to give the users more than 10% per day are fraudulent websites.

Buying bitcoin is absolutely risk free and highly trusted, but not the investment sites....
I too have invested in HYIPs and hence I know that they want users to put their money in and they themselves gamble the money to earn more. If they win, you get the said profit else you lose everything.

I like suggest here: buy bitcoin but never invest your bitcoins.
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February 13, 2016, 07:06:50 PM
 #84

bitcoins can't be hacked lol, and beware of any sites that "pomise" you a return on your investment with bitcoin. there are very little ways that bitcoins can be invested so majority of these sites are scams.

Like paypal many scammers We can find in between bitcoin community as well. Security concern is up to us only It not completely to fed with all. According to my view Bitcoin is more secure than bank saving because no need of worries to handle the money in bank and go with the big taxes. If you save in bitcoin. due to its anonymous no can't do anything.
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February 13, 2016, 08:05:20 PM
 #85

There is no website that can be trusted to put your real money in and most investment websites that promise to give the users more than 10% per day are fraudulent websites.

Buying bitcoin is absolutely risk free and highly trusted, but not the investment sites....
I too have invested in HYIPs and hence I know that they want users to put their money in and they themselves gamble the money to earn more. If they win, you get the said profit else you lose everything.

I like suggest here: buy bitcoin but never invest your bitcoins.

That's correct try to buy as many bitcoins and just keep it safe in cold storage and hold it for future, as if you invest in ponzi you would loose everything and have to suffer financial loss.
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February 13, 2016, 08:06:21 PM
 #86

People are using real money to buy bitcoin? What else would you use? Bitcoin is money.

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February 13, 2016, 09:02:48 PM
 #87

People are using real money to buy bitcoin? What else would you use? Bitcoin is money.

Yeah people are using fiat currency to buy bitcoins at a primary stage, so why should not we trust bitcoin to put our real money into? Bitcoin is much more trustworthy as compared to fiat currency.
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February 14, 2016, 01:19:10 AM
 #88

bitcoins can't be hacked lol, and beware of any sites that "pomise" you a return on your investment with bitcoin. there are very little ways that bitcoins can be invested so majority of these sites are scams.
I think that the external risks of bitcoin, this is outside of the safe word of bitcoin

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February 14, 2016, 01:31:21 AM
 #89

Bitcoin has serious risks, so 'no' it is not automatically "trusted" to invest a large sum of money.
People who study the basics and take precautions have a great chance of making long-term profits.  Smiley

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February 14, 2016, 01:50:33 AM
 #90

There are security risks and risks that it will lose value.  There is also potential for it to be worth a great deal of money in the future.  I look at it as an investment, but I can only risk a small amount of my money in it.
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February 14, 2016, 02:04:00 AM
 #91

Bitcoin is real money already.
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February 14, 2016, 02:04:07 AM
 #92

People are using real money to buy bitcoin? What else would you use? Bitcoin is money.

Yeah people are using fiat currency to buy bitcoins at a primary stage, so why should not we trust bitcoin to put our real money into? Bitcoin is much more trustworthy as compared to fiat currency.
It all comes down to what you think is a better currency. In one-way fiat currency is better because there is the government-backed guarantee that you can buy something with the currency the next day, and the day after that.

Bitcoin, on the other hand, is better because it is decentralised and it is a constantly-appreciating source of value due to its scarcity, but at the same time it is very volatile.
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February 14, 2016, 04:02:51 AM
 #93

bitcoins can't be hacked lol, and beware of any sites that "pomise" you a return on your investment with bitcoin. there are very little ways that bitcoins can be invested so majority of these sites are scams.
true it is. it is the external risks of bitcoin, if you avoid it, you will still be safe, you can not be hacked. if you do not join the site ponzi.
bitcoin is actually very safe, if you use it well and wisely
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February 14, 2016, 04:26:19 AM
 #94

I heard people buying bitcoin using real money..
Is it really good since we all know that everything on internet can be hack or something....
Is bit[Suspicious link removed]d to make your money grow fast or will you just lose all those money??

bitcoin at this stage is more of an investment than anything else. so as it is with any other type of investment, there is some risks involved.

one of the risks is the volatility of bitcoin. so when you invest in bitcoin by buying some and holding you have to consider the risks and rewards of price change and then decide for yourself how much can you invest that you can afford to lose.

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mynameisdon
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February 14, 2016, 05:35:57 PM
 #95

I heard people buying bitcoin using real money..

Bitcoin is real money.

I think what you meant to say is that you heard about people exchanging their local currency for bitcoin.

Is it really good since we all know that everything on internet can be hack or something....

If you are concerned about hacking, then you should keep your bitcoin wallet offline.

If you are going to hold bitcoins, it is up to you to secure your money.  You should take the time to learn how to properly secure your wallet, and learn what options are available to you to improve security.  You should be careful not to install anything that might have malware hidden in it.

Is bit[Suspicious link removed]d to make your money grow fast or will you just lose all those money??

There is no magical way to make money grow fast.  Anytime you see anything that says that it will get you lots of money very fast, it is ALWAYS a scam that will take your money (and make lots of money very fast for the person that is stealing from you).
yes they are scam.but not all of them you can check their sites information, their woke,what they do with our money,who is behind their money.because ingesting and making profit is defined. so its on your mind where are you putting your money.

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February 14, 2016, 05:40:20 PM
 #96

bitcoins can't be hacked lol, and beware of any sites that "pomise" you a return on your investment with bitcoin. there are very little ways that bitcoins can be invested so majority of these sites are scams.

That's true, there is no way that can multiply your bitcoins in a quick time, so if you invest your bitcoins somewhere you need to be very careful before investing.
ok if any wesites say  to put their money and make profit is scam so.can you also say that cloud mining which put our money is scam which are 3year old?

Laosai
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February 14, 2016, 05:45:39 PM
 #97

bitcoins can't be hacked lol, and beware of any sites that "pomise" you a return on your investment with bitcoin. there are very little ways that bitcoins can be invested so majority of these sites are scams.

Well btc can't be hacked but you can get scam for sure.

And most important, you can't get hacked but it can just lose any value... It can happen any moment that's why btc is still a bit risky.

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February 14, 2016, 06:33:17 PM
 #98

Yes I trust in Bitcoin and I invested in bitcoin.I don't invested much only can I afford to lose.
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February 14, 2016, 07:08:35 PM
 #99

Yes I trust in Bitcoin and I invested in bitcoin.I don't invested much only can I afford to lose.

That's a golden rule when it comes to investing money, either in bitcoin or in gambling, just invest or gamble that much you can afford to loose and won't affect you in a drastic way.
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February 14, 2016, 07:20:30 PM
 #100

even if you say it can be hacked, I still trust bitcoin, in cryptocurrency in general and after all its only possible if you get to be careless.
I have invested much on bitcoin, from my money and time I have spent staying in the forum, having some signature and posting to earn btc.

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