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Author Topic: how strong is bitcoin really?  (Read 54838 times)
Daniel91
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September 08, 2016, 02:57:08 PM
 #201

I think that Bitcoin is very strong at the moment and I predict that BTC will be even much more stronger in the near future.
Bitcoin already have a lot users in almost any country in the world.
Many merchants, offline and online, accepts Bitcoin.
I heard news that even big and important banks and financial institutions talking about Bitcoin and thinking how to adopt it.
I'm sure that very soon Bitcoin will become most popular online payment option, more popular than Paypal.
Very soon we will become mainstream!


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drwtsn32
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September 08, 2016, 03:16:14 PM
 #202

I would say bitcoin has been really very strong in the last one year or so.Now we see bitcoin being accepted as a means of payment in most of the online shopping or exchange sites.Like we seen in neteller we can now deposit with bitcoins,and now can also exchange with other currencies as well.

In short, we get stronger the more people use it. Because the more the customers, the more the shops and the more the shops, the wider the market and the wider the market, well, you know what that means.
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September 08, 2016, 03:21:29 PM
 #203

I think that bitcoin is strong but the price crashes when the popular exchanges get hacked or a lot of bitcoin get stolen. After a while we will see that more bitcoin will be destroyed/burned and the bitcoin price will increase but in general bitcoin is innovative and the community will not let it die.

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September 08, 2016, 04:42:52 PM
 #204

I think that bitcoin is strong but the price crashes when the popular exchanges get hacked or a lot of bitcoin get stolen. After a while we will see that more bitcoin will be destroyed/burned and the bitcoin price will increase but in general bitcoin is innovative and the community will not let it die.

Yeah, bitcoins is going down if a negative news about bitcoin appear like bitfinex hack and many else. But, bitcoin is strong and make the price of bitcoin become normal again. I think bitcoin is very strong.
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September 08, 2016, 05:06:09 PM
 #205

if that stuff your friend told you was true bitcoin would have been already hacked. Anyone wants free money, and some of them know mats and formulas and sure they have calculators )
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September 08, 2016, 06:18:30 PM
 #206

Bitcoin network is impossible to get hacked because it uses the most protective  encryption of this century which is not impossible to crack but its worthless trying it because it will consume a lot lot of resources and then also it will depend on your luck


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September 08, 2016, 06:39:54 PM
 #207

Bitcoin network is impossible to get hacked because it uses the most protective  encryption of this century which is not impossible to crack but its worthless trying it because it will consume a lot lot of resources and then also it will depend on your luck

There is nothing impossible and bitcoin is nothing to compare any other systems that was hacked. Bitcoin is made by human so it will be hacked by human and everything has it's own weak point.

And people, why are do you compare bitcoin and paypal? Paypal's function is to deal issues between seller and buyer and for this task, we need to know who is sender and who is receiver, with bitcoin it's really hard to find. That's why paypal will be main payment in online stores but for small thing, bitcoin is good alternative of fast payment.

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PsursV
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September 08, 2016, 06:45:51 PM
 #208

I think that bitcoin is strong but the price crashes when the popular exchanges get hacked or a lot of bitcoin get stolen. After a while we will see that more bitcoin will be destroyed/burned and the bitcoin price will increase but in general bitcoin is innovative and the community will not let it die.
yes it is a fact, to me bitcoin is one of the most stable and strong crypto currency of the world and it is going more stable as more and more people are entering in the world of bitcoin and they are investing their assets here which is making bitcoin more a more stable.
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September 08, 2016, 06:47:01 PM
 #209

Bitcoin network is impossible to get hacked because it uses the most protective  encryption of this century which is not impossible to crack but its worthless trying it because it will consume a lot lot of resources and then also it will depend on your luck

There is nothing impossible and bitcoin is nothing to compare any other systems that was hacked. Bitcoin is made by human so it will be hacked by human and everything has it's own weak point.

And people, why are do you compare bitcoin and paypal? Paypal's function is to deal issues between seller and buyer and for this task, we need to know who is sender and who is receiver, with bitcoin it's really hard to find. That's why paypal will be main payment in online stores but for small thing, bitcoin is good alternative of fast payment.

true, nothing is impossible and nothing can not be hacked during the man-made there must be weaknesses
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September 08, 2016, 07:51:12 PM
 #210

Bitcoin is the strongest network on the planet. It is backed by the biggest amount of computing power ever seen on the entire history of humanity, and this is not an exaggeration, this is an actual fact.
I haven't seen just how powerful bitcoin exactly is, but what I do know is that bitcoin is run with the best miners out there hundreds of thousands of hashing rate provided just for securing bitcoin network as well for mining bitcoins. Decentralized mining power will ensure the strength of bitcoin system to stay always strong.

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September 08, 2016, 08:23:11 PM
 #211

The bitcoin process is designed in such a blockchain mechanism which makes it more stronger. thats why bitcoin still survives after seven years.
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September 08, 2016, 11:12:48 PM
 #212

We know bitcoin is really strong and all the wallets that we know have military grade security, but one of my stupid friend today said that maybe someone could hack it with just a calculator, and said that's because with math and correct formulas would be possible to even predict gambling bets if that is possible then maybe there is any chance of this, but I personally think that's very unlikely to really happen.

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September 08, 2016, 11:20:40 PM
 #213

At the moment Bitcoin is not as strong as people think.

If the wallets go offline it is over.

If the exchanges continue to get hacked it's over

If any of the fiats strengthen it is over.

If the huge mining farms go offline it is over.

If the governments release their own "Bitcoin" it is over.

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September 08, 2016, 11:45:02 PM
 #214

I would say bitcoin has been really very strong in the last one year or so.Now we see bitcoin being accepted as a means of payment in most of the online shopping or exchange sites.Like we seen in neteller we can now deposit with bitcoins,and now can also exchange with other currencies as well.

In short, we get stronger the more people use it. Because the more the customers, the more the shops and the more the shops, the wider the market and the wider the market, well, you know what that means.
It will become more strong in numbers, more people use it, the price should increase and more stable. Massive adopt will bring a good foundation for bitcoin, even now we can speculate not many people know about it but bitcoin already has strong base and keep rise again after it fall.

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September 09, 2016, 03:11:27 PM
 #215

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.

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September 09, 2016, 03:15:21 PM
 #216

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.

The bitcoin has a great future and a lot of people are already involved due to this I really think the bitcoin is very strong but of course its still has to prove itself.
It has to be real currency soon or later and than we can say it was very strong!
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September 09, 2016, 03:17:50 PM
 #217

The bitcoin process is designed in such a blockchain mechanism which makes it more stronger. thats why bitcoin still survives after seven years.
it absolutely right. but today many affected wallet hack, we must remain vigilant. even some time ago a great exchange that strength is great can be broken easily. lost bitcoin then make bitcoin prices fall.

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September 09, 2016, 03:32:05 PM
 #218

The bitcoin process is designed in such a blockchain mechanism which makes it more stronger. thats why bitcoin still survives after seven years.
it absolutely right. but today many affected wallet hack, we must remain vigilant. even some time ago a great exchange that strength is great can be broken easily. lost bitcoin then make bitcoin prices fall.

none of these has anything to do with bitcoin and its security.

these are all the mistakes that people make, even that exchange that was hacked and lost 120KBTC has lost those coins because of their own mistakes of not using a proper cold storage for this kind of amount.

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eddyubachs
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September 09, 2016, 03:35:11 PM
 #219

The bitcoin process is designed in such a blockchain mechanism which makes it more stronger. thats why bitcoin still survives after seven years.
it absolutely right. but today many affected wallet hack, we must remain vigilant. even some time ago a great exchange that strength is great can be broken easily. lost bitcoin then make bitcoin prices fall.

none of these has anything to do with bitcoin and its security.

these are all the mistakes that people make, even that exchange that was hacked and lost 120KBTC has lost those coins because of their own mistakes of not using a proper cold storage for this kind of amount.

Yeah people loose their coins with their own mistakes, if they would have withdrawed their profits regularly then the percentage of loss would be lower.
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September 09, 2016, 04:42:48 PM
 #220

Ok, skipping all that.  The baseline wallets and software are hardcore and can be fully trusted.  That is the wallet and software that are Bitcoin.  There are many, many more wallets that can also be trusted, but that has nothing to do with Bitcoin itself, just like people's actions have nothing to do with the security of the system.


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