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Author Topic: how strong is bitcoin really?  (Read 54124 times)
shield132
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February 13, 2017, 08:50:41 AM
 #821

Bitcoin will be as strong as on its price will rise, and the popularity is getting bigger. I think that the strength of bitcoin to centralize cryptocurrency.
i agree with you bitcoin is stronger currency and rising its price too much faster and i hope bitcoin will be more currency in the future and no one would be competitor of bitcoin because bitcoin is much more popular and there is a lot of services available on bitcoin.
moreover users continues to grow every day around the world. and of course with that bitcoin will be stronger. because the user that determines the strength of bitcoin

Bitcoin's price rise don't means that currency will be strong because if you look, prise is easily manipulated by china and than how can you tell me that bitcoin is so strong? Well, in most cases it's strong of course, for example everything is encrypted and we aren't depended on banks and we can control our own wallet both online and offline as a cold storage but price manipulation makes it halfly sick.

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February 13, 2017, 09:49:22 AM
 #822

Bitcoin really is strong in terms of services offered to people who wants good profit along the way and it has many optional use for payments of online transaction like cashing out your bitcoin to fiat cash and loading your mobile phones numbers in an instant.
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February 13, 2017, 10:07:13 AM
 #823

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
I don't think bitconins have weak security its impossible to hack it . But its only possible when someone plays a trick without you like keyloggin, phishing etc to stole your wallet information 
well, a matter of security, several times bitcoin hacked by some hack, so I think, can say that the security held bitcoin is not too strong. but, I think bitcoin is very strong at the price. I do not know what will become bitcoin in the future, but I think bitcoin has the power to become an international currency in the future.


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February 13, 2017, 10:25:11 AM
 #824

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
I don't think bitconins have weak security its impossible to hack it . But its only possible when someone plays a trick without you like keyloggin, phishing etc to stole your wallet information  
well, a matter of security, several times bitcoin hacked by some hack, so I think, can say that the security held bitcoin is not too strong. but, I think bitcoin is very strong at the price. I do not know what will become bitcoin in the future, but I think bitcoin has the power to become an international currency in the future.

Bitcoin is hacked? Wait. Am I reading it right? When? Where? Can I somehow see where did you read this? Just give me one and I will be withdrawing all my funds.
I think you mean the wallet websites are the one who have been hacked. Bitcoin cannot be hacked. Many have tried but none succeed.
We  should be careful with what we say or it might create chaos with just a simple comment.

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February 13, 2017, 10:25:40 AM
 #825

I don't think bitconins have weak security its impossible to hack it . But its only possible when someone plays a trick without you like keyloggin, phishing etc to stole your wallet information 
well, a matter of security, several times bitcoin hacked by some hack, so I think, can say that the security held bitcoin is not too strong. but, I think bitcoin is very strong at the price. I do not know what will become bitcoin in the future, but I think bitcoin has the power to become an international currency in the future.
Can you give me a single example when bitcoin has been hacked??
Maybe you are mixing things together. You can hack a trading site, you can steal a password of a wallet and the steal some coins, but you just can't "hack bitcoin".
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February 13, 2017, 10:54:56 AM
 #826

Bitcoin really is strong in terms of services offered to people who wants good profit along the way and it has many optional use for payments of online transaction like cashing out your bitcoin to fiat cash and loading your mobile phones numbers in an instant.

Yes that is one of the strength of bitcoin and also its strength is being empowered by us because there are a lot of freelancers who are loving to work with lesser transaction fees. And that's really good in bitcoin because we don't need to have transactions with a third party site just for paying and receiving our payments easily.



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February 13, 2017, 12:08:24 PM
 #827

Bitcoin is really strong! You would have imagine that a virtual currenyc that started with a value of less than $1 way back 2009 is now worth more than $1000. It has been acknowledged also by different majir companies such as Microsoft and Google. It is a sign that bitcoin is really strong!

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February 13, 2017, 12:11:12 PM
 #828

well, a matter of security, several times bitcoin hacked by some hack, so I think, can say that the security held bitcoin is not too strong. but, I think bitcoin is very strong at the price. I do not know what will become bitcoin in the future, but I think bitcoin has the power to become an international currency in the future.
It is the fault of the users in most if not all the cases, bitcoin security itself is not 'hackable' although the programs or wallets used for saving the private keys can be compromised the same way as any PC .
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February 13, 2017, 12:22:21 PM
 #829

well, a matter of security, several times bitcoin hacked by some hack, so I think, can say that the security held bitcoin is not too strong. but, I think bitcoin is very strong at the price. I do not know what will become bitcoin in the future, but I think bitcoin has the power to become an international currency in the future.
It is the fault of the users in most if not all the cases, bitcoin security itself is not 'hackable' although the programs or wallets used for saving the private keys can be compromised the same way as any PC .
Yeah , It is the fault/mistake of users who are scammed by the ripper . Actually the bitcoin network has the security like the millitery grade that is obviously said by the OP , which is also a reality . In any field if you are not aware about your things or money then you will be surely scam by the rippers .
So here it is a great and big need to get understanding about the bitcoin network and system and also need to k iw every element of bitcoin which is making us not only aware but also making wise for the use of bitcoin in every manner secuirily .
Here I am sure  that only  10-20% people knows about private key accurately , I am saying about private key non understanding only because my 99% of friends don't know about bitcoin adress private key .


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February 13, 2017, 12:26:16 PM
 #830

of course your friend is wrong. technichly he is correct but even super computers can't do that so a person with a calculator surely can't
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February 13, 2017, 12:51:53 PM
 #831

Bitcoin really is strong in terms of services offered to people who wants good profit along the way and it has many optional use for payments of online transaction like cashing out your bitcoin to fiat cash and loading your mobile phones numbers in an instant.

Aside from that we can also say that bitcoin is strong since there are restaurants now accepting bitcoin as payment, shops accepting bitcoin in exchange for t-shirts and books and a taxi-company in Italy accepting bitcoin as payment for rides, bitcoin as a tuition payment and etc. Bitcoin will keep going to be stronger and we cannot stop that. In an article about Canada, I read that there are a small groups who accepts in bitcoin and they are continue to expand as they keep convincing other merchants and local shops to accept bitcoin in their community.

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February 13, 2017, 01:06:44 PM
 #832

I personally do not have enough confidence that I will be able to protect all of their savings. If all of a sudden, my bitcoin, which are stored in the wallet site, in case I visited can not compensate for the losses. Therefore, users need legal support. Then the force will bitcoin users in tranquility.

It is possible to store bitcoins safely. First, become a desktop wallet owner. Electrum wallet is recommended.
Then record your seed words in a safe place. Make sure your operating system is up to date.

If you do that, you basically protect your bitcoins.
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February 13, 2017, 01:12:31 PM
 #833

I personally do not have enough confidence that I will be able to protect all of their savings. If all of a sudden, my bitcoin, which are stored in the wallet site, in case I visited can not compensate for the losses. Therefore, users need legal support. Then the force will bitcoin users in tranquility.
It just easy to save and had confidence on self on how you can protect your savings to avoid loosing it from gambling nor from using it from investments , That will soon to be scammed hense you can find another way on how you can work with your money without loosing it by puting it on trading website.

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February 13, 2017, 01:16:04 PM
 #834

Bitcoin will be as strong as on its price will rise, and the popularity is getting bigger. I think that the strength of bitcoin to centralize cryptocurrency.
i agree with you bitcoin is stronger currency and rising its price too much faster and i hope bitcoin will be more currency in the future and no one would be competitor of bitcoin because bitcoin is much more popular and there is a lot of services available on bitcoin.
moreover users continues to grow every day around the world. and of course with that bitcoin will be stronger. because the user that determines the strength of bitcoin

Bitcoin's price rise don't means that currency will be strong because if you look, prise is easily manipulated by china and than how can you tell me that bitcoin is so strong? Well, in most cases it's strong of course, for example everything is encrypted and we aren't depended on banks and we can control our own wallet both online and offline as a cold storage but price manipulation makes it halfly sick.

definitely, the status of the bitcoin price is not the only thing that we can visualize that bitcoin is really strong no matter what its value it is still easily manipulated by the whales from china . we can say that bitcoin is strong if we still maintain its circulation, if there's still many users that are in to bitcoin or more and more people or businesses are adapting bitcoin and it is irreplaceable by another cryptocurrency .

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February 13, 2017, 02:22:19 PM
 #835

I personally do not have enough confidence that I will be able to protect all of their savings. If all of a sudden, my bitcoin, which are stored in the wallet site, in case I visited can not compensate for the losses. Therefore, users need legal support. Then the force will bitcoin users in tranquility.
of course it is a very much needed thing for bitcoin. only this thing is missing of bitcoin. we don't have much legal and government support. if our bitcoin get hacked or stolen we cannot do anything about it because government itself have not trust and any law about bitcoin. that is sad part of bitcoin.


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February 13, 2017, 06:48:34 PM
 #836

I think that many people are very much attracted by an anonymous bitcoin. If today, the tax authorities are beginning to make people do the income statement, the bitcoin makes it possible to avoid it.
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February 13, 2017, 06:58:03 PM
 #837

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
you cant 100% predict gambling bets as every game is different and they need to play first before they win and many result will come when they play , I think you can just increase your chances by researching who will play but not entirely you can predict who will surely win. As of military grade wallet security it is still not on that level and the chance of hacking increase when you save information inside your gadget.

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February 13, 2017, 07:53:49 PM
 #838

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
you cant 100% predict gambling bets as every game is different and they need to play first before they win and many result will come when they play , I think you can just increase your chances by researching who will play but not entirely you can predict who will surely win. As of military grade wallet security it is still not on that level and the chance of hacking increase when you save information inside your gadget.
That's not worth getting involved with gambling. But if you have already started to do that better to create two purses. One is your personal and the other specifically for conducting financial transactions with a resource with which you play the game, or even with others. But the purse in the memory of the gadget is much better and safer.
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February 21, 2017, 07:58:12 PM
 #839

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
you cant 100% predict gambling bets as every game is different and they need to play first before they win and many result will come when they play , I think you can just increase your chances by researching who will play but not entirely you can predict who will surely win. As of military grade wallet security it is still not on that level and the chance of hacking increase when you save information inside your gadget.
It is very hard to have to say the first million, you can earn in any way. The price of bitcoin is not stable at all, and therefore in the five years to do it is not possible.
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February 21, 2017, 08:51:29 PM
 #840

When users have a need to maintain their income, the bitcoin in this business always helps. This is the first strong point cryptocurrency. I personally have never been satisfied with the fact that the state makes to pay taxes, so bitcoin for me.
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