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Author Topic: Is Bitcoin trusted to put your real money  (Read 48103 times)
carlerha
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October 30, 2016, 08:12:03 AM
 #1201

Yes, it is. This trust is established by the whole community but not one person, and is what bitcoin so special as a financial ecosystem. You don't need to trust one person to stay honest, but rather you only need to have faith in immutable lines of code.
yes i also agree that, the number of bitcoin users in increasing and so they are investing their assets here, so it is becoming more and more trusted and reliable. i think people have invested millions of dollars in bitcoin and the reason  is that they have fully trust on bitcoin.
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October 30, 2016, 08:27:49 AM
 #1202


If I put some of my money in bitcoin for the purpose of investment. Because I see the price of bitcoin each month continues to increase so I believe I will benefit. But I do it for the short term and usually every month if prices go up I immediately sold it and I transfer to my bank account. Bitcoin is very profitable to me. It is related to the Internet can be hacked, and therefore indispensable to safeguard information security.
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October 30, 2016, 08:42:40 AM
 #1203

I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.
All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now.
It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either.
Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment.
I think if you use a lot of security systems in the your bitcoin wallet that your bitcoin ytou save will be safe, bitcoin already provides a secure system for their users

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October 30, 2016, 10:32:55 AM
 #1204

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??

Yes it is trusted, that's why the number of people buying bitcoins to use as an investment is increasing. However we should not forget that in every investment there is always a risk and so in bitcoin too like price dropping rapidly fast or like what you just said that it can be hacked.  Hacking someone's bitcoin is possible but is not easy unless you make it easy for the hacker like putting your coins in an exchange site. With proper care and security you can make your coins stored securely Smiley

The safest wallet I think is Hardware Wallet (costs a lot) or Windows Wallet .
I recently tried this android wallet called mycelium wallet.  I thinks it's pretty good

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voztata
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October 30, 2016, 06:14:09 PM
 #1205

I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.
All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now.
It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either.
Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment.
Though what you said is true but some bad guys still find their ways into some peoples wallet and still bitcoin, in most cases this used to happen if the bitcoin is stored in an online wallet. For this reason, it is highly important if you keep the highest ppercent of your bitcoin in private wallet to avoid those bad guys.
MingLee
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October 30, 2016, 06:27:48 PM
 #1206

I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.
All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now.
It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either.
Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment.
Though what you said is true but some bad guys still find their ways into some peoples wallet and still bitcoin, in most cases this used to happen if the bitcoin is stored in an online wallet. For this reason, it is highly important if you keep the highest ppercent of your bitcoin in private wallet to avoid those bad guys.
A private wallet that is also not connected to the internet. It doesn't mean much if the wallet is private; because then there could be someone who gains access to your PC through a Trojan or whatever and steals your money that way. You must keep a wallet offline until you use it, otherwise it is still at risk.
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October 30, 2016, 08:31:49 PM
 #1207

Of course, bitcoin is trustworthy. no doubt about it. Whenever I had spare money and bitcoin price looks cheap to me, I would buy some and keep it till the price move up. Bitcoin is the best thing for me nowadays. It can give me extra income and hopefully for more people out there.

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October 31, 2016, 01:30:46 AM
 #1208

I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.
All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now.
It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either.
Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment.
Though what you said is true but some bad guys still find their ways into some peoples wallet and still bitcoin, in most cases this used to happen if the bitcoin is stored in an online wallet. For this reason, it is highly important if you keep the highest ppercent of your bitcoin in private wallet to avoid those bad guys.
A private wallet that is also not connected to the internet. It doesn't mean much if the wallet is private; because then there could be someone who gains access to your PC through a Trojan or whatever and steals your money that way. You must keep a wallet offline until you use it, otherwise it is still at risk.
Keep on the online wallet = anytime are sync with the internet = you realized which your amount in the dangerous position anytime.
Your private wallet or desktop wallet = every time can disconnecting to the internet = trust me if the time for your amount in the secure position are much.
all of the risk are come from the internet connection.

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Babayega31
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October 31, 2016, 02:03:20 AM
 #1209

I would trust it. It's the first that came here and the unique idea. Now there are lots of Altcoins but Bitcoin will always be the best.
All Bitcointalk users trust Bitcoin, otherwise we won't be here to follow the last news and discussions about Bitcoin and other cryptocurrencies, some members mentioned the security cases which caused Bitcoin price crash in many times, this is the biggest challenge for Bitcoin now.
It's not always going to crash or rise, though, so i would actually say no if you want to store your money in bitcoin. Although other currencies also fluctuate daily, bitcoin is more volatile and is less suitable for storing money long term. HODLing isn't the best investment in the world, either.
Although everything in internet can be hacked. But it still so litle chane to be hacked. And I think bitcoin wallet was prepare a security siystem that resistance against hacker. So I think it is thrusted enough to put your money in bitcoin. And I agree that holding money in bitcoin is good investment.
Though what you said is true but some bad guys still find their ways into some peoples wallet and still bitcoin, in most cases this used to happen if the bitcoin is stored in an online wallet. For this reason, it is highly important if you keep the highest ppercent of your bitcoin in private wallet to avoid those bad guys.
A private wallet that is also not connected to the internet. It doesn't mean much if the wallet is private; because then there could be someone who gains access to your PC through a Trojan or whatever and steals your money that way. You must keep a wallet offline until you use it, otherwise it is still at risk.
Keep on the online wallet = anytime are sync with the internet = you realized which your amount in the dangerous position anytime.
Your private wallet or desktop wallet = every time can disconnecting to the internet = trust me if the time for your amount in the secure position are much.
all of the risk are come from the internet connection.


It can be trusted all the time, just make sure to it you are using a pc with antivirus in order to avoid disturbance of viruses on your cash out of bitcoin online. Online walle is safe just dont share your private security passcode to stanger if you encounter problems like error on your transaction please ask help to those you can trust because risk in reality is posible to occur not only inthe internet.

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October 31, 2016, 02:11:00 AM
 #1210

Of course, bitcoin is trustworthy. no doubt about it. Whenever I had spare money and bitcoin price looks cheap to me, I would buy some and keep it till the price move up. Bitcoin is the best thing for me nowadays. It can give me extra income and hopefully for more people out there.
Yeah I am agree. The price of bitcoin is rise every time. And also the bitcoin strenght in market is good enough. It will make the price not go down.
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October 31, 2016, 02:14:07 AM
 #1211

Of course, bitcoin is trustworthy. no doubt about it. Whenever I had spare money and bitcoin price looks cheap to me, I would buy some and keep it till the price move up. Bitcoin is the best thing for me nowadays. It can give me extra income and hopefully for more people out there.
Yeah I am agree. The price of bitcoin is rise every time. And also the bitcoin strenght in market is good enough. It will make the price not go down.

It's not 100% trusted. But the actual chances are very good to make profit. BTC price is each day rising more and more, good to see it. Who buys BTC with their real money will surely get some financial return. I hope its price continues going up!  Smiley

I suggest people to invest their real money in BTCs.

 
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October 31, 2016, 02:16:20 AM
 #1212

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??

there is one sentence

if you are not the sole controller of your privekey, you have not even a satoshi of bitcoin

if you don't know what is privekey, please keep away from bitcoin ,too dangerouse.
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October 31, 2016, 06:22:17 AM
 #1213

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??

there is one sentence

if you are not the sole controller of your privekey, you have not even a satoshi of bitcoin

if you don't know what is privekey, please keep away from bitcoin ,too dangerouse.
So if I dont know what is privekey I will stay away from bitcoin? How about the newbie just starting to earn bitcoin? What if they dont know what is privekey will they quit so fast?
Many user of this forum doesnt know what is privekey, Even me didnt know that. I think its privatekey not privekey. Every one here are ones a newbie everything learns

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October 31, 2016, 08:47:14 AM
 #1214

It can be done if you are very careful about exactly where you put your Bitcoin. I think somebody already mentioned that hacking has been a problem, and also you want to make sure you can always access your Bitcoin in a hurry if you need to.
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October 31, 2016, 08:50:10 AM
 #1215


If I put some of my money in bitcoin for the purpose of investment. Because I see the price of bitcoin each month continues to increase so I believe I will benefit. But I do it for the short term and usually every month if prices go up I immediately sold it and I transfer to my bank account. Bitcoin is very profitable to me. It is related to the Internet can be hacked, and therefore indispensable to safeguard information security.

That could be a good strategy for investors if they just don't become too greedy and do short term trades with bitcoin because in this way someone can earn profits every month if the price is growing, just sell them when the price increases and keep the profits and invest the capital again and repeat the same thing everytime, all you will get will be pure profit.
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October 31, 2016, 08:55:19 AM
 #1216


If I put some of my money in bitcoin for the purpose of investment. Because I see the price of bitcoin each month continues to increase so I believe I will benefit. But I do it for the short term and usually every month if prices go up I immediately sold it and I transfer to my bank account. Bitcoin is very profitable to me. It is related to the Internet can be hacked, and therefore indispensable to safeguard information security.

Its still a good way  to  secure  yourself  on the risk related  to bitcoin and   its better   though to make short trades  on bitcoin and  you are right    bitcoins price do  really increase  on the the days  goes  by and  you would really gain profits  with it  even  in doing for short term.  Bitcoin is  a good  investment though but  we must  not  fully put  all of  our assets  on it  because  lossing of  money  would  be always there.

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October 31, 2016, 09:10:41 AM
 #1217

Definitely is. Bitcoin is the first cryptocurrency and for that reason I think it is to be trusted. You don't need to trust one person though.
dayaram
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October 31, 2016, 09:29:55 AM
 #1218

yes, it is safe to put your money in bitcoin, and keep safe your wallet. Means it is too safe if you put your  bitcoin in your hardware wallet. Smiley Smiley
Capradina
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October 31, 2016, 09:36:12 AM
 #1219

Definitely is. Bitcoin is the first cryptocurrency and for that reason I think it is to be trusted. You don't need to trust one person though.

All of that is true, and the bitcoin will remain a reliable and cryptocurrency most widely used everyone. Bitcoin has no reason of policy or the company that manages all the needs or the things that exist in the system, so it can all be done with the most secure way will not change policies that can undermine all the gains we always get
20kevin20
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October 31, 2016, 09:52:29 AM
 #1220

It is for now. I am trusting it, that's why I'm here. However, I prefer to earn Bitcoin out of signature campaigns and simply save it all and spend 0 on anything else. I'm investing my own real money in other things like precious metals.
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