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Author Topic: how strong is bitcoin really?  (Read 52022 times)
Sithara007
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February 22, 2017, 05:24:55 PM
 #861


nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous

Actually, it is not possible to fix the weaknesses (such as the 1MB block size, 51% rule.etc) that are associated with Bitcoin. It needs a number of hard-forks, and since there is no unanimous support for this, it can never be implemented.

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February 22, 2017, 05:37:07 PM
 #862

If bitcoin was easy to hack, there will be no bitcoin to begin with.

Yes, hacking bitcoin looks like an impossible mission, even we use top 10 supercomputer, we should spend 100000 centuries to decipher it. LMAO.   Cheesy
There are still many things which can not be solved. Attack 51% is one of the example for the weakness of Bitcoin. Never underestimate this danger since it can reverse all the transaction or control everything in the blockchain. I hope that other cryptos can fix this bug and replace Bitcoin
Where did you find that think that bitcoin can be reverse.? never experience this yet.. and hope that it will never happen..
If it will happen it will be the same as paypal that you can reverse the payment but how you can start a case to get your payment back?
Since sending bitcoin is taking time to arrive and waiting for confirmation before countred to your balance. and never experience reverse except for pending one..

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February 22, 2017, 09:00:25 PM
 #863

If bitcoin was easy to hack, there will be no bitcoin to begin with.

Yes, hacking bitcoin looks like an impossible mission, even we use top 10 supercomputer, we should spend 100000 centuries to decipher it. LMAO.   Cheesy
There are still many things which can not be solved. Attack 51% is one of the example for the weakness of Bitcoin. Never underestimate this danger since it can reverse all the transaction or control everything in the blockchain. I hope that other cryptos can fix this bug and replace Bitcoin
oh yeaa it was a huge problem when someone acquire most of bitcoin available in supply.
make bitcoin looks vulnerable , and that is why some people still considering bitcoin can run scam ?
hmm really makes sense and show that there a lot of works should be done .

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February 22, 2017, 10:35:58 PM
 #864


nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous
well bitcoin seems to be perfect currency right now, but it has to be updated from time to time, because the thing that is not evolving with time is going to be replaced by something else, like cash is going to be replaced by bitcoins

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February 22, 2017, 10:50:26 PM
 #865


nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous
well bitcoin seems to be perfect currency right now, but it has to be updated from time to time, because the thing that is not evolving with time is going to be replaced by something else, like cash is going to be replaced by bitcoins

Well if you see how bitcoin crashed 2 times in 1 month you can see it's not very strong. Then we have the blocksize debate where parties are not seeming to agree what needs to happen.

My wish and hope is that faith will grow stronger and the community sticks together.
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March 02, 2017, 05:54:07 PM
 #866


nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous
well bitcoin seems to be perfect currency right now, but it has to be updated from time to time, because the thing that is not evolving with time is going to be replaced by something else, like cash is going to be replaced by bitcoins

Well if you see how bitcoin crashed 2 times in 1 month you can see it's not very strong. Then we have the blocksize debate where parties are not seeming to agree what needs to happen.

My wish and hope is that faith will grow stronger and the community sticks together.
The fact that the price of bitcoin rose and fall, nothing more than artificially created situations that aimed at to earn on the difference in the price of bitcoin. But if not that, then the power of bitcoin was not disputable.
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March 02, 2017, 11:12:12 PM
 #867

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.

I totally understand your opinion and i agree with you because people use the Bitcoin to avoid these things.
People that use the bitcoin just want to send money without something stopping them from doing it
i think very little number of people may have the aim otherwise all the other people are using bitcoin for the purpose of bitcoin investments. people will invest their money in bitcoin for trading alt coin and most of the people are holding it  currently for the price increase as we can see that the price of bitcoin is now trading in 1300 USD level.


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March 03, 2017, 09:35:41 AM
 #868


nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous
well bitcoin seems to be perfect currency right now, but it has to be updated from time to time, because the thing that is not evolving with time is going to be replaced by something else, like cash is going to be replaced by bitcoins

Well if you see how bitcoin crashed 2 times in 1 month you can see it's not very strong. Then we have the blocksize debate where parties are not seeming to agree what needs to happen

That could hardly be called a crash

A genuine crash should persist at least for some time. What we have seen (especially the first time) looked more like a manipulated attempt to instigate a panic selling. While this attempt certainly succeeded at some point, the market was quick to find out what's going on and the second time panic selling didn't even start for real (despite the fact that the reason for it should have produced more severe decline). The very fact that Bitcoin is skyrocketing right now tells much about how manipulated these so-called crashes were

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March 03, 2017, 01:12:50 PM
 #869

Bitcoin is very strong kind of investment because even though it is still young, it already proves a lot of things to the people who are keep doubting about it. Like what is happening now, Back in the past few months, a lot of people said that bitcoin will never touch 1000$ but now it already surpasses that 1000 and now we are getting closer to 1500$ price per each bitcoin. Bitcoin is the best and strongest cryptocurrency now because of the solid support of the community and also the great supports of investors and traders all around the globe.

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March 03, 2017, 06:55:25 PM
 #870

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

Isn't obvious that the value of bitcoin is getting higher right now. And nay of the investor are getting impresses into bitcoin, and aside from that many company are also merging the system of bitcoin.

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March 03, 2017, 07:13:49 PM
 #871

That question is really slippery Cheesy I can't say how strong BTC is but all I see is that it has confirmed over and over that it can take hits and recover which I think is one of it's most important charachteristics-we've seen BTC fall in price,even some countries banning BTC but it has always came back even stronger-so I guess BTC is pretty strong

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March 03, 2017, 08:51:00 PM
 #872

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

Isn't obvious that the value of bitcoin is getting higher right now. And nay of the investor are getting impresses into bitcoin, and aside from that many company are also merging the system of bitcoin.

Yes, Bitcoin is growing rapidly and is becoming popular. Unfortunately, it is also becoming popular among fraudsters. Therefore, we must be very careful when using cryptocurrency
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March 03, 2017, 08:59:57 PM
 #873

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

Isn't obvious that the value of bitcoin is getting higher right now. And nay of the investor are getting impresses into bitcoin, and aside from that many company are also merging the system of bitcoin.

Yes, Bitcoin is growing rapidly and is becoming popular. Unfortunately, it is also becoming popular among fraudsters. Therefore, we must be very careful when using cryptocurrency

Scam artists are everywhere, and thus not specifically pointed at crypto in general. Just look at how many people get scammed when using PayPal when the other party performs a charge back after the deal is done. It's a general problem and not just one that specifically binds to one part of the market. Everywhere you go you must be careful, because where the money is, there are the scammers.

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March 03, 2017, 11:26:33 PM
 #874


nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous
well bitcoin seems to be perfect currency right now, but it has to be updated from time to time, because the thing that is not evolving with time is going to be replaced by something else, like cash is going to be replaced by bitcoins
to me i think now bitcoin is becoming one of the most best and strongest currency of the world and the reason is that the number of bitcoin users are continuously increasing which is really increasing the support of bitcoin and making bitcoin more and more as time pass. i am hopeful that in future bitcoin will be ever best currency of the world.


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March 03, 2017, 11:34:18 PM
 #875


nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous
No one has ever successfully hacked bitcoin ,but hackers could steal your coins if you are careless with your seed and password but you really cannot hack the blockchain or the bitcoin and there are no known weakness other than the delays we encounter while we transact. Grin
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March 03, 2017, 11:40:32 PM
 #876


nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous
No one has ever successfully hacked bitcoin ,but hackers could steal your coins if you are careless with your seed and password but you really cannot hack the blockchain or the bitcoin and there are no known weakness other than the delays we encounter while we transact. Grin

true, only the delays and some websites that uses bitcoin and other cryptocurrencies were prone for that scam not literally the bitcoin itself but those who uses bitcoin for their sites like gambling and investing site.

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March 04, 2017, 04:42:37 AM
 #877

Bitcoin is very strong kind of investment because even though it is still young, it already proves a lot of things to the people who are keep doubting about it. Like what is happening now, Back in the past few months, a lot of people said that bitcoin will never touch 1000$ but now it already surpasses that 1000 and now we are getting closer to 1500$ price per each bitcoin. Bitcoin is the best and strongest cryptocurrency now because of the solid support of the community and also the great supports of investors and traders all around the globe.

Of course, bitcoin is really strong other than all crypto currencies. Because of many reasons, but in the main, as you said in the past months, people didn't thought that bitcoin could cross $1200 but bitcoin has done. But i also think bitcoin is still alive and strong because people have trust on bitcoin.

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March 04, 2017, 05:40:59 AM
 #878


nothing is perfect in this world, but if it happens, it will take a very long time, when they tried to hack her, the bitcoin users also fix all the weaknesses that exist within bitcoin, all of this has always kept a continuous
No one has ever successfully hacked bitcoin ,but hackers could steal your coins if you are careless with your seed and password but you really cannot hack the blockchain or the bitcoin and there are no known weakness other than the delays we encounter while we transact. Grin

true, only the delays and some websites that uses bitcoin and other cryptocurrencies were prone for that scam not literally the bitcoin itself but those who uses bitcoin for their sites like gambling and investing site.
Usually the scams does not happen a lot in gambling sites, why would they do it when there are bigger market here to make money on a regular basis. They have a game to offer and people love to play and enjoy their game, gamblers spend money and they make great profits.
Actually it's coming from Ponzis, HYIP, or altcoins ICO for some shitcoins, that's some you should be aware of, but in overall, bitcoin is really strong.
See the value and convince yourself.

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March 04, 2017, 05:48:19 AM
 #879

Strong,but expensive
First and foremost, be welcome! (rep on first poster)

Well there is a reason to make it divisible onto eight digits. And there ain't no Entry Barrier to get involved with it. The current valuation looks to be somewhat on a high peak even on my naked eye, but nobody is forced to go all in just now.
Stick with Bitcoin, fetch some comfortable amount, don't rush but no loosing sight on it either. Has done me very well during the last two years, quite the opposite from other investment opportunities.

elena-tur
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March 04, 2017, 07:01:41 AM
 #880

Strong,but expensive
First and foremost, be welcome! (rep on first poster)

Well there is a reason to make it divisible onto eight digits. And there ain't no Entry Barrier to get involved with it. The current valuation looks to be somewhat on a high peak even on my naked eye, but nobody is forced to go all in just now.
Stick with Bitcoin, fetch some comfortable amount, don't rush but no loosing sight on it either. Has done me very well during the last two years, quite the opposite from other investment opportunities.
But where to invest bitcoin without any risk to profit, too, was in bitcoin? Who to trust in such matters it is not clear. If the answer to the question of the power of bitcoin, personally for me is the price. Other advantages I do not use and I do not particularly important.
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