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Author Topic: how strong is bitcoin really?  (Read 52076 times)
septian44
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September 01, 2016, 07:03:10 AM
 #101

The strength of bitcoin comes from its infrastructure.
Bitcoin has become a payment method in many online shops, like paypal or credit card.
That shows the economy has gained a certain trust in bitcoin.
There are exchange services and whole businesses developed around bitcoin.
Recently bitfinex was hacked, but it just scratched the price of bitcoin a little bit.
I say that bitcoin became strong in price and reliable as a payment method.
yes because bitcoin payment is very simple,easy payment do not wait long all payments must be like this.the economy will be more advanced when all institutions support payments bitcoin this has been proven time paypal or credit card that shows the economy has gained a certain trust in bitcoin  and Recently bitfinex was hacked no problems to price bitcoin now
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September 01, 2016, 07:19:32 AM
 #102

now its not too strong but it is going to grow a lot in the near future
yeah for now bitcoin is not so strong. bitcoin prices are very easily manipulated. maybe in a few years where the user is large enough bitcoin will be very strong
Bitcoin prices really aren’t manipulated that easily. It just since everyone is not sure where they want to invest. This causes the price to be very volatile. All newly trading commodities will have this type of fluctuations usually.

It does not mean that the price are being manipulated. Moreover there are lot of people who loves this price fluctuations for their work of bitcoin trading. Secondly, bitcoin is very vast and omnipresence in every country, so manipulating is not that much easily possible.

Yes unlike in the early phase of bitcoin where manipulation is easy.

Today, those manipulators will start to do some trend in one of the exchanges. The succesful rate depends on the people who will take the bait. If such few people caught in the bait, then that is unsuccesful attempt to do some panic and they will just repeat until it became a success one.

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mrkevio
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September 01, 2016, 07:24:14 AM
 #103

With the latest technologies appearing, I would say Bitcoin has a great, great potential. I only wish everywhere around the world you could pay with Bitcoin and see 'BITCOIN ACCEPTED HERE' signs like there are with PayPal or Visa. It's becoming stronger and stronger because people keep coming into this business so we're building right now a huge community.

bitcoin-hunter
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September 01, 2016, 07:27:52 AM
 #104

to me bitcoin is one of the most strongest currency of all the currencies.

He meant to asked strong as in security..
Anything is hackable most likely but bitcoin must have a pretty good security to say the least if they are dealing with this much money, so I think you'll be fine. Just watch out for keyloggers etc..
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September 01, 2016, 07:34:19 AM
 #105

Bitcoin is very strong time by time because bitcoin increase its value at a short time. Now we get 26,000 pesos value of 1 bitcoin. Is it amazing that in just few months bitcoin value is up. Also bitcoin really strong because you can withdraw in banks and remittances.
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September 01, 2016, 07:58:00 AM
 #106

Bitcoin is very strong time by time because bitcoin increase its value at a short time. Now we get 26,000 pesos value of 1 bitcoin. Is it amazing that in just few months bitcoin value is up. Also bitcoin really strong because you can withdraw in banks and remittances.

I see your from PH.

It's not bitcoin is strong because we can withdraw it freely in our country. Bitcoin is strong because of it's users and developers. Without the support community bitcoin will never reached the status like this. So a continue support will give resistance to bitcoin to further proceed in the next years to come.

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groll
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September 01, 2016, 12:49:14 PM
 #107

I think it has been hacked before but it is fine now, we just have to trust the bitcoin itself.  It would take such a genius man to really hacked the system.  It is yep a program and if you are really knowledgeable with syntax and commands you could probably hack it.  But satoshi must be super genious.  Besides, even many banks have been hacked before and found the suspect behind it.  For me it is still safe cause our adresses were unique to each other and as long as you did not share your address your bitcoin is safe.
dhampir-D
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September 01, 2016, 12:59:23 PM
 #108

For me Bitcoin is the strongest for many reasons and, when you compare Bitcoin to any other currency, you can see it. Some of the reasons is that bitcoin has a stable and secure network, and it is surely the most popular cryptocurrency in the world.

airsounds
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September 01, 2016, 02:23:55 PM
 #109

With the latest technologies appearing, I would say Bitcoin has a great, great potential. I only wish everywhere around the world you could pay with Bitcoin and see 'BITCOIN ACCEPTED HERE' signs like there are with PayPal or Visa. It's becoming stronger and stronger because people keep coming into this business so we're building right now a huge community.
you are right, bitcoins are going to become only bigger and bigger in my opinion, it might even replace the usd at some point in the future like in a few decades

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September 01, 2016, 02:25:40 PM
 #110

With the latest technologies appearing, I would say Bitcoin has a great, great potential. I only wish everywhere around the world you could pay with Bitcoin and see 'BITCOIN ACCEPTED HERE' signs like there are with PayPal or Visa. It's becoming stronger and stronger because people keep coming into this business so we're building right now a huge community.
you are right, bitcoins are going to become only bigger and bigger in my opinion, it might even replace the usd at some point in the future like in a few decades

It may not replace usd completely in future but usd will definitely get tough competition from bitcoin and many users will prefer to use bitcoin in compare to fiat.
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September 01, 2016, 02:38:34 PM
 #111

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
we all know that bitcoin is really strong , as the bitcoin wallet we use every day i use blockchain as my bitcoin wallet because for me it is more secured than the other wallets let's says that they have the same function that has a 2nd password too but for me bockchain is the best one bitcoin is the best because some investors are choosing bitcoin as their currency
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September 01, 2016, 02:43:36 PM
 #112

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
we all know that bitcoin is really strong , as the bitcoin wallet we use every day i use blockchain as my bitcoin wallet because for me it is more secured than the other wallets let's says that they have the same function that has a 2nd password too but for me bockchain is the best one bitcoin is the best because some investors are choosing bitcoin as their currency

We cannot say that most of the users are using bitcoin at a moment but definitely there is increase in its users and bitcoin is getting stronger and stronger day by day.
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September 01, 2016, 02:57:11 PM
 #113

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
we all know that bitcoin is really strong , as the bitcoin wallet we use every day i use blockchain as my bitcoin wallet because for me it is more secured than the other wallets let's says that they have the same function that has a 2nd password too but for me bockchain is the best one bitcoin is the best because some investors are choosing bitcoin as their currency

We cannot say that most of the users are using bitcoin at a moment but definitely there is increase in its users and bitcoin is getting stronger and stronger day by day.
really small amount of people are using bitcoins right now to be honest and i doubt that it will change soon though i really hope that bitcoin will be strong in the future

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September 01, 2016, 02:59:49 PM
 #114

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
we all know that bitcoin is really strong , as the bitcoin wallet we use every day i use blockchain as my bitcoin wallet because for me it is more secured than the other wallets let's says that they have the same function that has a 2nd password too but for me bockchain is the best one bitcoin is the best because some investors are choosing bitcoin as their currency

We cannot say that most of the users are using bitcoin at a moment but definitely there is increase in its users and bitcoin is getting stronger and stronger day by day.
really small amount of people are using bitcoins right now to be honest and i doubt that it will change soon though i really hope that bitcoin will be strong in the future

Yeah bitcoin is not popular at a moment as many people are still not aware about it, and people who knows it don't know how to use it or earn it and that's an major problem.
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September 01, 2016, 03:12:31 PM
 #115

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
we all know that bitcoin is really strong , as the bitcoin wallet we use every day i use blockchain as my bitcoin wallet because for me it is more secured than the other wallets let's says that they have the same function that has a 2nd password too but for me bockchain is the best one bitcoin is the best because some investors are choosing bitcoin as their currency

We cannot say that most of the users are using bitcoin at a moment but definitely there is increase in its users and bitcoin is getting stronger and stronger day by day.
really small amount of people are using bitcoins right now to be honest and i doubt that it will change soon though i really hope that bitcoin will be strong in the future

Yeah bitcoin is not popular at a moment as many people are still not aware about it, and people who knows it don't know how to use it or earn it and that's an major problem.
it was real, when some people asked about my job and I said the words about bitcoin, they do not know about it. no ads about bitcoin or indeed rare, and it makes it difficult to increase the user bitcoin. bitcoin is used mostly by people who are quite active in the online world. making it difficult to introduce it to people who are rarely active in the online world.

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September 01, 2016, 03:18:00 PM
 #116

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
we all know that bitcoin is really strong , as the bitcoin wallet we use every day i use blockchain as my bitcoin wallet because for me it is more secured than the other wallets let's says that they have the same function that has a 2nd password too but for me bockchain is the best one bitcoin is the best because some investors are choosing bitcoin as their currency

We cannot say that most of the users are using bitcoin at a moment but definitely there is increase in its users and bitcoin is getting stronger and stronger day by day.
really small amount of people are using bitcoins right now to be honest and i doubt that it will change soon though i really hope that bitcoin will be strong in the future

Yeah bitcoin is not popular at a moment as many people are still not aware about it, and people who knows it don't know how to use it or earn it and that's an major problem.
it was real, when some people asked about my job and I said the words about bitcoin, they do not know about it. no ads about bitcoin or indeed rare, and it makes it difficult to increase the user bitcoin. bitcoin is used mostly by people who are quite active in the online world. making it difficult to introduce it to people who are rarely active in the online world.

Exactly and there are many people who even hesitate in buying things using credit cards as they feel that someone will hack their banks details so we cannot expect them to use bitcoins.
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September 01, 2016, 03:18:50 PM
 #117

to me bitcoin is one of the most strongest currency of all the currencies.

He meant to asked strong as in security..
Anything is hackable most likely but bitcoin must have a pretty good security to say the least if they are dealing with this much money, so I think you'll be fine. Just watch out for keyloggers etc..

Keyloggers can be used to hack something just in the PC of an individual but it cannot make any harm to the technology of bitcoin and i think that is what being discussed here.
And so far if nothing like that could be done with bitcoin then we should be satisfied that it is strong enough to survive those things.
Soros Shorts
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September 01, 2016, 04:08:19 PM
 #118

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

"With a calculator? " Lol! You can't even enter a Bitcoin address into a typical desktop calculator without getting a numeric overflow.
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September 01, 2016, 04:41:18 PM
 #119

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

"With a calculator? " Lol! You can't even enter a Bitcoin address into a typical desktop calculator without getting a numeric overflow.

Hey Soros, did you recover from the leak yet? That must have sucked, getting hacked and shit.
What are you shorting these days? Are you shorting Deutsche Bank soon? I think a crash is getting really close. You should really try Bitcoin, I think it will pump hard, but you are too old for this so stay shorting and crushing countries :p

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September 01, 2016, 10:27:03 PM
 #120

I think it's almost impossible to guess the private key to an address. You would just have to be lucky to come up with it even with a computer generating possible keys.
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