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Author Topic: how strong is bitcoin really?  (Read 54838 times)
socks435
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November 01, 2016, 06:27:14 PM
 #481

as people are entering in the field of bitcoin so they are making bitcoin more and more stronger, you can see the response of the people that they are still buying bitcoin for such a high price.
yeah more and more people using bitcoin, the more powerful it bitcoin, bitcoin will be growing and getting stronger as you can see, year after year continues bitcoin to be a popular
Your methods are worthy of attention but this is only for experienced users who are not already the first year of work and know how to work with bitcoin.
Bitcoin is keep on rising and keep popular and i think it is good to save more bitcoins do some task online until you will save a lot of bitcoin so that you can be sell your bitcoin if the price will hit your goal..


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maister77777
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November 01, 2016, 06:48:41 PM
 #482

Bitcoin its just the king of crypto since has borned, after it several more coins are getting their market and interest, but far away to achieve the huge support that bitcoin does have, even with some advantages against bitcoin, i doubt any coin can replace bitcoin before 2040, but i may be wrong and other crypto reach bitcoin, but one thing is sure no one can kill crypto coins anymore.
What it seems to me that such projections do not need to do. During those 24 years, during which anything can happen, it will be possible at all, or to forget about digital currency bitcoin, or vice versa to make a truly international currency. All time will tell but so far is running too.
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November 01, 2016, 06:58:47 PM
 #483

Bitcoin right now is getting more stronger than before and more feature added like segwit that can affect the price of bitcoins right now that is why we are experience of price increase because according to other members here if segwit was added the price will increase more. so i think it is because of segwit feature. and it will getting more stronger in the future if more adoption will happen with bitcoin.

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November 01, 2016, 07:18:12 PM
 #484

Bitcoin right now is getting more stronger than before and more feature added like segwit that can affect the price of bitcoins right now that is why we are experience of price increase because according to other members here if segwit was added the price will increase more. so i think it is because of segwit feature. and it will getting more stronger in the future if more adoption will happen with bitcoin.
The bitcoin future success must be undeniable. Of course, if the price of bitcoin will rise and stay without sharp jumps, it will play a good role in the way of promotion of bitcoin on the currency market.
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November 02, 2016, 10:17:57 AM
 #485

Bitcoin currently is not being hyped or spread that much which it needs to be because if no new investors would join in, the people who have gained coins will try to get more and more coins and they will only add it to their portfolio and never disclose or distribute them.
Even though it might not seem like it, simply using bitcoins is a way of spreading news about bitcoin. When somebody sees you doing bitcoins on your computer, they will be curious of what you're doing. So you'll say things about bitcoin. They will be interested. You might not notice it but the people around you are actually being introduced to bitcoin by just seeing you or by knowing that you use bitcoin.

Methinks, it is not a very good idea to let people see that you are "doing bitcoins on your computer". Why would you ever let them see that unless you are showing off, of course? But I don't think it is a good idea, either. If you want to attract people's attention to Bitcoin, you wouldn't likely want to do it in an obtrusive and ostentatious way like what you suggest.
Of course you wouldn't be doing it in a manner like, "Look at my screen everyone!!" or aggressively putting your computer screen infront of your friend. Common sense.

Wealthy people already know about bitcoins, the rest might not be relevant unless Bitcoin gets traction as a real currency for using in everyday life.
Source? I have friends and relatives that are millionaires (in my currency) but they have no idea what bitcoin is. I don't think all of the rich people knows bitcoin. For example, if you ask Kim Kardashian or Emma Watson about bitcoin, they probably don't have any idea what that is. There are tons of ways to become wealthy and bitcoin is just one of them so it's not necessary that all of the wealthy people out there knows bitcoin.


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November 02, 2016, 10:35:56 AM
 #486

I agree that rich people are not necessary familiar with Bitcoin. Maybe some rich people related to financial or technical sector but others not because cryptocurrencies in general are simply not in their focus and subject of interest.
And Bitcoin is getting stronger with the number of people who adopt it and use it, not just individuals but al particulary companies.

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November 02, 2016, 10:39:45 AM
 #487

I agree that rich people are not necessary familiar with Bitcoin. Maybe some rich people related to financial or technical sector but others not because cryptocurrencies in general are simply not in their focus and subject of interest.
And Bitcoin is getting stronger with the number of people who adopt it and use it, not just individuals but al particulary companies.
well i do agree if those rich person was an old and not even techy person,they will stay safe and not going to find new things which they consider as risky,but if they'd even consult to financial consultant,i think the financial consultant will make them know about bitcoin even the explanation is not really clear,just incase if the consultant was a person who knows technologies

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November 02, 2016, 11:22:38 AM
 #488

Wealthy people already know about bitcoins, the rest might not be relevant unless Bitcoin gets traction as a real currency for using in everyday life.
Source? I have friends and relatives that are millionaires (in my currency) but they have no idea what bitcoin is. I don't think all of the rich people knows bitcoin. For example, if you ask Kim Kardashian or Emma Watson about bitcoin, they probably don't have any idea what that is. There are tons of ways to become wealthy and bitcoin is just one of them so it's not necessary that all of the wealthy people out there knows bitcoin.

I don't think about Kim Kardashian or Emma Watson as exceptionally wealthy persons, but it might well be the case that our ideas about who is wealthy differ somewhat. Also note that wealthy has a little different meaning than just rich. Nevertheless, you must have understood that I was primarily talking about those wealthy persons who are active investors as well since we are talking about Bitcoin investments here. Methinks, neither Emma nor Kim simply don't cut it as active investors. In fact, I was thinking about people of Warren Buffett caliber, and his familiarity about as well as attitude toward Bitcoin is well known and documented.

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November 02, 2016, 12:08:13 PM
 #489

Bitcoin is very strong. It has a very good solid system that none of the country currency is able to match up. And it has a lot of benefit that none of the existing trading platform can match up to. So i believe in the future of btc and btc will continue to grow strong.


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Juggy777
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November 02, 2016, 12:13:59 PM
 #490

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

Firstly did you just ask this. Dude it's is very strong 💪 not even Hulk or Thor hammer can Crack in it. Secondly your Friend is under a illusion that he can wake up and just hack in it. If it were so each one of the experienced ones here would have done it. Leave alone experience all members would have done it. So lastly bring your friend to this forum he may learn a bit, trust me it's important to learn,then ask questions like this.

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AeroDrag
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November 02, 2016, 12:29:13 PM
 #491

I really don't think it's that easy. Well I know for a fact it isn't. How would he be able to manupulate the 2FA for example. It's not gonna happen.
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November 02, 2016, 01:59:30 PM
 #492

I really don't think it's that easy. Well I know for a fact it isn't. How would he be able to manupulate the 2FA for example. It's not gonna happen.
It's not that the security system we are talking here, I am sure we are mainly talking on the entire market or economy of bitcoin. I believe bitcoin is a strong currency and it has become a very strong one because of our trust with bitcoin, and despite of the crisis we are here very progressive.

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November 02, 2016, 07:21:21 PM
 #493

Bitcoin is as strong as humans that support it and history shows that humans are a fickle bunch.
Just look at how moral change comes around and compare what was the standards a hundred years ago to today for a example.
The technology is currently strong but I presume we are talking about something greater when we reflect on the strength and look to its weaknesses.
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November 03, 2016, 11:39:09 PM
 #494

I think to let you know how strong Bitcoin is, you need to understand how strong the blockchain technology is. In my opinion, it is one of the best technologies for the purpose of Bitcoin, since that with the decentralized network, it has support from all over the world and a ledger that can not be controlled by banks and central authorities.

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jossiel
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November 04, 2016, 12:46:55 AM
 #495

I think to let you know how strong Bitcoin is, you need to understand how strong the blockchain technology is. In my opinion, it is one of the best technologies for the purpose of Bitcoin, since that with the decentralized network, it has support from all over the world and a ledger that can not be controlled by banks and central authorities.

No doubt about the blockchain technology it is why bitcoin is standing firm. Because no one can ever breach the network and I don't think they can easily do it.

And because of its own technology and network I can say that I am believing that my bitcoins are really safe and I don't doubt any of it when it comes to security.

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stadus
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November 04, 2016, 02:45:51 AM
 #496

I think to let you know how strong Bitcoin is, you need to understand how strong the blockchain technology is. In my opinion, it is one of the best technologies for the purpose of Bitcoin, since that with the decentralized network, it has support from all over the world and a ledger that can not be controlled by banks and central authorities.

No doubt about the blockchain technology it is why bitcoin is standing firm. Because no one can ever breach the network and I don't think they can easily do it.

And because of its own technology and network I can say that I am believing that my bitcoins are really safe and I don't doubt any of it when it comes to security.
The network is good but what makes it successful is because people have trust bitcoin. It's the entire system that we are talking here and bitcoin has the all around package we are looking.

The fact that it can be a currency and investment at the same time, it's huge already.

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November 04, 2016, 04:23:33 AM
 #497

I really don't think it's that easy. Well I know for a fact it isn't. How would he be able to manupulate the 2FA for example. It's not gonna happen.
It's not that the security system we are talking here, I am sure we are mainly talking on the entire market or economy of bitcoin. I believe bitcoin is a strong currency and it has become a very strong one because of our trust with bitcoin, and despite of the crisis we are here very progressive.
yeah I think we do not think about security on bitcoin, we are talking about is, is it bitcoin survive or not in the future. see bitcoin in the market and the adoption of bitcoin users I'm sure will grow stronger

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November 04, 2016, 09:08:12 AM
 #498

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
Thats impossible that we can just calculate it using calculator even you have many formula you can not get break bitcoin unless if you monitored the whole blockchain and you have some high hacking tools or even manually using linux but i think its impossible right now because bitcoin has high security and they dont let hackers to monitor they tracks.

Exactly, Bitcoin right now is too difficult to hack by the hacker. Especially the price value by now is continuously increasing, meaning more investors are getting invest into it because they believe what bitcoin can to those who are bitcoin enthusiast.

,



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BitcoinPC
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November 04, 2016, 12:00:08 PM
 #499

Bitcoin itself is pretty strong and secure. Bitcoin exchanges, however, are where it becomes risky.

Definitely, If we are talking about Exchange than it really risky way, because since last few years many time exchange has been hacked, and recently BITFINEX give us the poof that exchange is not safe, these are not safe-sound way for bitcoin and also for us.
But if we are talking about Bitcoin, than definitely bitcoin is safe, because bitcoin has been spend too many years and still it is going well and up.

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November 09, 2016, 07:35:30 AM
 #500

Bitcoin itself is pretty strong and secure. Bitcoin exchanges, however, are where it becomes risky.

Definitely, If we are talking about Exchange than it really risky way, because since last few years many time exchange has been hacked, and recently BITFINEX give us the poof that exchange is not safe, these are not safe-sound way for bitcoin and also for us.
But if we are talking about Bitcoin, than definitely bitcoin is safe, because bitcoin has been spend too many years and still it is going well and up.

The bitcoin price has risen in the last few hours together with the Japanese Yen. It is regarded as safe haven.

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