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Author Topic: how strong is bitcoin really?  (Read 54124 times)
Sidas_Crew669
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September 14, 2016, 12:23:13 PM
 #261

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.

That power is definitely there. But maintaining power or make strong bitcoin is something quite difficult to do, because it must pass through several stages that must be done. Bitcoin is indeed powerful and I'm sure the bitcoin digital currency will be recognized by all countries and eventually used by everyone


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September 14, 2016, 12:33:24 PM
 #262

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.
Exactly, if you want to keep your bitcoin is safe then dont storing them on online wallet use hard wallet like Thedarkknight mentioned above, its about people as a holder of the bitcoin how do we manage our password, increase security on our wallet,and keep our private key still safe while bitcoin it'self is pretty safe.

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September 14, 2016, 12:37:53 PM
 #263

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.

That power is definitely there. But maintaining power or make strong bitcoin is something quite difficult to do, because it must pass through several stages that must be done. Bitcoin is indeed powerful and I'm sure the bitcoin digital currency will be recognized by all countries and eventually used by everyone

Bitcoin has started to gain attention from masses and it will take adoption at higher level in future and I think bitcoin is very strong as a currency and it will be more powerful in future when it will get more developed.
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September 14, 2016, 01:07:04 PM
 #264

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.

I agree with you, to the point that the strength of bitcoin is being proved because there are a lot of people that wants to destroy bitcoin but what is happening that they can't able to destroy bitcoin or put it down. Even the reputation of bitcoin is getting strong because many investors are investing to bitcoin and trusting it more as the day goes by.



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September 14, 2016, 01:11:09 PM
 #265

I don't know Much about butcoin security. but I know a few thing that bitcoin wasn't got any major security breach until this time. And bitcoin is still appear it self being a strongest crypto currency. That's one of the reason why I love bitcoin. Is someone can steal bitcoin in wallet?


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September 14, 2016, 01:27:17 PM
 #266

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.
Exactly, if you want to keep your bitcoin is safe then dont storing them on online wallet use hard wallet like Thedarkknight mentioned above, its about people as a holder of the bitcoin how do we manage our password, increase security on our wallet,and keep our private key still safe while bitcoin it'self is pretty safe.

Yeah it is the safer place where you can trust to put ypur bitcoin on but i thinl also those wallets are very suitable for those people who's holding huge amount of it and want to stake for a long time just to wait for the upper trend for bitcoins, but also wallet handling is the main key and we should keep it more safer since their are so many hackers are just right there, just waiting fpr the oppurtunity to stole or to dk fraud.



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September 14, 2016, 01:42:04 PM
 #267

I don't know Much about butcoin security. but I know a few thing that bitcoin wasn't got any major security breach until this time. And bitcoin is still appear it self being a strongest crypto currency. That's one of the reason why I love bitcoin. Is someone can steal bitcoin in wallet?

I do believe that the security of bitcoin is really tough at all. Because if you are going to think about the security of blockchain and as well as the bitcoin network. For sure many are trying to breach it but they are not able to success with it. Because I do believe that the bitcoin network does really have high security.



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September 14, 2016, 02:25:55 PM
 #268

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.

I agree with you, to the point that the strength of bitcoin is being proved because there are a lot of people that wants to destroy bitcoin but what is happening that they can't able to destroy bitcoin or put it down. Even the reputation of bitcoin is getting strong because many investors are investing to bitcoin and trusting it more as the day goes by.

It is noteworthy that time works in favor of Bitcoin. Ironically, it seems that Bitcoin is the single hands-down winner in the incessant currency wars that are raging between major fiat monies by not participating in this warfare at all. Even the Bitfinex hack of late turned out to be a perfect, though rather short lived opportunity to buy bitcoins relatively cheap despite what people first thought of this event, that it will crash the price for long.

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September 17, 2016, 09:17:21 AM
 #269

In my opinion, very strong. If you ask me why, I would say that over the years the bitcoin network has proven to be very stable and has provided security for its users, being one of the best ways to send, receive and store value.

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September 17, 2016, 10:27:09 AM
 #270

I think bitcoin is not strong now  but bitcoin is growing day by day and when bitcoin users have problems about bitcoin system, bitcoin fixs these problems and bitcoin gets experience about system of problems  , because of bitcoin is not strong now but it is not mean bitcoin system is  weak .I think bitcoin needs time if we will say bitcoin is strong .


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September 17, 2016, 10:43:47 AM
 #271

I think bitcoin is not strong now  but bitcoin is growing day by day and when bitcoin users have problems about bitcoin system, bitcoin fixs these problems and bitcoin gets experience about system of problems  , because of bitcoin is not strong now but it is not mean bitcoin system is  weak .I think bitcoin needs time if we will say bitcoin is strong .

i think the bitcoin price is very strong now, you can see the history of bitcoin price in last year, now bitcoin price stable above $600 at this case, this year is the strongest bitcoin price.

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September 17, 2016, 10:50:20 AM
 #272

I think bitcoin is not strong now  but bitcoin is growing day by day and when bitcoin users have problems about bitcoin system, bitcoin fixs these problems and bitcoin gets experience about system of problems  , because of bitcoin is not strong now but it is not mean bitcoin system is  weak .I think bitcoin needs time if we will say bitcoin is strong .

i think the bitcoin price is very strong now, you can see the history of bitcoin price in last year, now bitcoin price stable above $600 at this case, this year is the strongest bitcoin price.

Yeah now it is more powerful than the previous price, so better enjoy what's in front of the eyes than have to argue against something that does not yet have the assurance. Enjoy it and don't ever do silly for our lives, unless indeed we can hold tight the commitments made


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September 17, 2016, 11:27:24 AM
 #273

Maybe we can consider that bitcoin is really strong , just because of its amazing features as well as the strong and high demand on market . Imagine for how many years it's still has a leading value .

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September 17, 2016, 01:03:08 PM
 #274

Bitcoin is just as strong as how all the users are. If we remain united, Bitcoin will remain strong. But if we betray each other and all of us lose faith in Bitcoin, then Bitcoin will become weaker and weaker and it's price will keep decreasing until we trust each other again.

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September 17, 2016, 02:06:40 PM
 #275

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.
Yes half of the world are using bitcoin now , and we know that some of country bitcoin are banned right ? by their goverment but some of people are still using it because they want to , and this is the only one reason why they can get money USA is the number country that is populated that has many bitcoin user.

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September 17, 2016, 02:45:24 PM
 #276

Well as more and more lay people are beginning to sue bitcoin it is getting more noticed that is for sure. I think as long as we have computers and internet, bitcoin is here to stay for the long haul. In the future, well only God knows really what will happen with it.

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September 17, 2016, 06:25:31 PM
 #277

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.

That power is definitely there. But maintaining power or make strong bitcoin is something quite difficult to do, because it must pass through several stages that must be done. Bitcoin is indeed powerful and I'm sure the bitcoin digital currency will be recognized by all countries and eventually used by everyone

Bitcoin has started to gain attention from masses and it will take adoption at higher level in future and I think bitcoin is very strong as a currency and it will be more powerful in future when it will get more developed.
yes it is a fact that the number of users of bitcoin are increasing day by day, people are taking interest in bitcoin and therefore they are investing their assets in it, bitcoin is really strong as currency as well as investment. hope that in future bitcoin will be more stronger and more reliable currency and every one will be using it in all over the world.
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September 17, 2016, 08:01:31 PM
 #278

Well as more and more lay people are beginning to sue bitcoin it is getting more noticed that is for sure. I think as long as we have computers and internet, bitcoin is here to stay for the long haul. In the future, well only God knows really what will happen with it.
Future is always a mystery, there is no meaning in worrying about it. But bitcoin will exist to serve human as long as human and this Earth will survive.

Bitcoin is so strong with the respect to its encryption algorithm for staying safer. Hopefully, bitcoin will gather more strength to its core concepts to stay strong always.


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September 17, 2016, 08:34:32 PM
 #279

bitcoin is way stronger than any fiat to be honest, i think it is the strongest currency ever because it is unhackable and it is going to grow

delliaerd
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September 17, 2016, 09:03:10 PM
 #280

bitcoin is way stronger than any fiat to be honest, i think it is the strongest currency ever because it is unhackable and it is going to grow

Hmm sorry sir, can you explain more about that with another good reason correctly ? I didn't dispute with your statement that say bitcoin is strong and secure currency but while you said that bitcoin is the strongest currency ever, it looks like too excessive words . If want to said that one currency is the strongest currency not only on aspect that currency can't be hacked, so many factors that should to extractive more about that.

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