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Author Topic: how strong is bitcoin really?  (Read 52111 times)
Adaleon
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September 12, 2016, 05:41:21 AM
 #241

bitcoin is strong.  The security of bitcoin is virtually unhackable unless it is in the users ends fault.  Economy is booming and the area of coverage of bitcoin is pretty wide.  It is  adopted in almost all country where internet connection is available.  There are also lots of people who are willing to spend their money just to have a grasp of bitcoin.  Technically and economically, bitcoin is strong in my opinion.

It is really nice to see that Bitcoin is becoming more popular and used and that is perfect because than Bitcoin will be also more popular and even maybe also more used all around the world and that is the best thing that can happen. The bad thing of Bitcoin is that you cant control the value and that is risky so sometimes you don't even know what to do with your Bitcoin because the value is changing.
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September 12, 2016, 08:06:47 AM
 #242

We can really tell now until all the available 21million coin has been mined this will really create another phase in the life of BTC and I will advice guys to have at least 10BTC then in case $100,000 in value projection comes true

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September 12, 2016, 08:11:20 AM
 #243

Bitcoin is really strong and if we can knoe how many people using bitcoin as the moment we can surely half of the world are using bitcoin right now to use it as currency maybe we should create something special to know where country are the mose who using bitcoin so that we can all know right..

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stevo401
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September 12, 2016, 08:55:18 AM
 #244

hey mate sorry to intrupt but are you sure that bitcoin casinos are unhackable because on past years some casino really got hacked even primedice casino also been hacked and i am not saying that op is 100% corrent but he/she but he/she is just asking the dought

I'm not aware of the specifics here, however my understanding is that the PrimeDice hack was essentially taking an advantage of a loophole in which the user was able to get decrypted active server seed and then calculate out what the random number generated by the site would be. That's a problem with the PrimeDice code, not the bitcoin protocol itself. It could have happened regardless of if bitcoin was the currency used by the site or if it was something else.
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September 12, 2016, 09:14:01 AM
 #245

Bitcoin is really strong and if we can knoe how many people using bitcoin as the moment we can surely half of the world are using bitcoin right now to use it as currency maybe we should create something special to know where country are the mose who using bitcoin so that we can all know right..

If half of the world would be using bitcoin the we would not be holding this low price it would be much higher and I think only 4 to 5% of total population would be using at a moment which is too low.
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September 12, 2016, 09:18:39 AM
 #246

We can really tell now until all the available 21million coin has been mined this will really create another phase in the life of BTC and I will advice guys to have at least 10BTC then in case $100,000 in value projection comes true

Wow that is a large price to handle. If that will come true I might be stacking a lot of bitcoin now. But it will take some time to mine all that. The mined bitcoin will be halved again some other time. So it will really make a big impact and also miners will need a fee for paying electricity.

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September 12, 2016, 01:19:05 PM
 #247

bitcoin is strong.  The security of bitcoin is virtually unhackable unless it is in the users ends fault.  Economy is booming and the area of coverage of bitcoin is pretty wide.  It is  adopted in almost all country where internet connection is available.  There are also lots of people who are willing to spend their money just to have a grasp of bitcoin.  Technically and economically, bitcoin is strong in my opinion.

It is really nice to see that Bitcoin is becoming more popular and used and that is perfect because than Bitcoin will be also more popular and even maybe also more used all around the world and that is the best thing that can happen. The bad thing of Bitcoin is that you cant control the value and that is risky so sometimes you don't even know what to do with your Bitcoin because the value is changing.


You know bitcoin is popular because of its price value, You should know that we all are using bitcoin and invest in it, because it price value always change and in this way we can make profit, Bitcoin recognize only for crypto currency and it is introduce for us a new thing which we use it and earn money. If it price value has been finished so Bitcoin will be useless for all of us.

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September 12, 2016, 01:24:09 PM
 #248

Bitcoin is very strong bitcoin will survive for a long time maybe they even become main currency you never know. But the point is bitcoin is very strong and very secure there's alot of big investors in it and alot of money in bitcoin which can not just dissapear so that gives us extra security aswell.
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September 12, 2016, 01:32:36 PM
 #249

Bitcoin is very strong bitcoin will survive for a long time maybe they even become main currency you never know. But the point is bitcoin is very strong and very secure there's alot of big investors in it and alot of money in bitcoin which can not just dissapear so that gives us extra security aswell.

Yes i agree that bitcoin is very strong.  In fact there are lots of money involved in there already.  Another thing is the number of users that is now involved in bitcoin.  The company that is promoting it and the people behind the bitcoin development are consistent in developing bitcoin for mass adoption.


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InsideBjorn
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September 12, 2016, 01:38:09 PM
 #250

That is a good question how strong is the bitcoin really i dont think the bitcoin is strong at all becuase i know that there are so many people dont believe into the bitcoin anymore and that is such a sad thing to hear.
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September 12, 2016, 06:31:04 PM
 #251

That is a good question how strong is the bitcoin really i dont think the bitcoin is strong at all becuase i know that there are so many people dont believe into the bitcoin anymore and that is such a sad thing to hear.
Surprised to see you say that. I don't know how you can say that bitcoin is not strong, and basing it off on the quantity of the community is not a good way to do so. Bitcoin is strong. That's a fact. Considering that there isn't a single false or fake transaction done in the network, all I can say is that blockchain is hack-proof as of yet.
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September 12, 2016, 07:01:06 PM
 #252


You know bitcoin is popular because of its price value, You should know that we all are using bitcoin and invest in it, because it price value always change and in this way we can make profit, Bitcoin recognize only for crypto currency and it is introduce for us a new thing which we use it and earn money. If it price value has been finished so Bitcoin will be useless for all of us.

Well yes bitcoin popularity is because of it's price value but if ever price volatility will be behave like on those fiat currencies, still bitcoin isn't be useless.

It will just turn this cryptocurrency mainly used now for currency purposes instead of investments alongside with the fiat currencies.

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September 13, 2016, 08:50:08 AM
 #253

bitcoin is strong.  The security of bitcoin is virtually unhackable unless it is in the users ends fault.  Economy is booming and the area of coverage of bitcoin is pretty wide.  It is  adopted in almost all country where internet connection is available.  There are also lots of people who are willing to spend their money just to have a grasp of bitcoin.  Technically and economically, bitcoin is strong in my opinion.

It is really nice to see that Bitcoin is becoming more popular and used and that is perfect because than Bitcoin will be also more popular and even maybe also more used all around the world and that is the best thing that can happen. The bad thing of Bitcoin is that you cant control the value and that is risky so sometimes you don't even know what to do with your Bitcoin because the value is changing.


You know bitcoin is popular because of its price value, You should know that we all are using bitcoin and invest in it, because it price value always change and in this way we can make profit, Bitcoin recognize only for crypto currency and it is introduce for us a new thing which we use it and earn money. If it price value has been finished so Bitcoin will be useless for all of us.

Well, we can't deny that price and volatility bring popularity to any asset, but these are just a few aspects of it. Bitcoin is much more than just speculation... From the practical perspective, what makes Bitcoin popular is the fact that it is very useful to send, receive and store value.

With respect to technical aspects, what makes Bitcoin really strong is the decentralized manner by which the blockchain works, through which the network can receive support anywhere in the world, and even if there is failure at certain points of the network, the bitcoin would continue remaining functional.

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September 14, 2016, 07:23:16 AM
 #254

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.
but wallets are still getting hacked. what you say about that? blockchain.info which is the oldest and most used bitcoin wallet hacked manytime (said by users) and other wallets also got hacked.. and lots of individual addresses got hacked..
it proves that bitcoin security is not that much strong.
You are mixing two different things here, bitcoin is very secure, but bitcoin runs over other systems and those systems may not be secure, for example if someone have a bitcoin wallet with a strong password and then someone hacked his windows 10 computer in order to get his coins, does this means that bitcoin is insecure? No it means that windows 10 is insecure and you should use something else, Hardware wallet, paper wallet, a wallet in Ubuntu etc.


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September 14, 2016, 08:01:07 AM
 #255

Bitcoin is really strong and if we can knoe how many people using bitcoin as the moment we can surely half of the world are using bitcoin right now to use it as currency maybe we should create something special to know where country are the mose who using bitcoin so that we can all know right..

There are not many people in the world using the bitcoin. If the number of users increased to 1 mllion, the price will be much higher.

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September 14, 2016, 10:20:49 AM
 #256


Yes I think personally if they relate to the internet will still be easily hacked by someone. Although it has a strong security but if there is a gap to break into it could happen. But if the system is constantly updated and monitored security might be assured.
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September 14, 2016, 10:50:27 AM
 #257

The bitcoin is very strong but I must say that its hard too say how strong it really is, its also laying in the future, if its good and stays like this it is strong.
We just should have some patient and wait for a while to see what is happening with it.
ayesha sadiqa
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September 14, 2016, 11:24:15 AM
 #258

to me bitcoin is strong enough from any other crypto currency and is still getting more stronger as more and more people are entering in bitcoin and when more and more people start using bitcoin, hope in near future it will be the best currency of the world and most of the people of the world will be using it for shopping trading or investment.
rio3233
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September 14, 2016, 11:38:15 AM
 #259

For me, yes. Bitcoin is really strong, but many people still don't know about this, the advantage using bitcoin. Bitcoin is strong because it has huge and expensive price for each bitcoin.
molsewid
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September 14, 2016, 12:20:00 PM
 #260

Bitcoin is really strong because you can earn bitcoin in the internet only and also the transaction of bitcoin cannot be hack. Security of bitcoin is fully secure and also bitcoin increase its value time by time. Bitcoin is like a gold which you can mine but via technology and not to your land.

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