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Author Topic: how strong is bitcoin really?  (Read 55521 times)
BitcoinPC
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December 31, 2016, 11:49:06 AM
 #661

Bitcoin already become cyber space gold. It is the de facto standard for cyber cash. It has large adoptions and is going to all domains. I'd expect bitcoin to hit $2000 in a year or two.
As the economy of bitcoin is becoming stronger, we must also ensure that our wallets are very secure so the moment we will decide to cash out with a big profit, we will be able to realize our dreams. We cannot stop what is happening now, it seems like people are really coming in and they are creating demand which dictates the price go to up consistently.
and as the users of bitcoin are increasing it also increase and make more stronger the potion of bitcoin, actually is the users who are making bitcoin more and more stronger, hope in future bitcoin is going to become more stronger.

Definitely, everyday bitcoin's users number increasing, also we have a proof of its price, everyday it is increasing, its sure us that bitcoin would be go high in future.
But about the thread, in my eyes, bitcoin's wallet have a safe ways, also i don't think that any calculation is here that it can help in gambling. Gambling is pure luck game, So luck don't need calculation.
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December 31, 2016, 11:52:16 AM
 #662

Bitcoin already become cyber space gold. It is the de facto standard for cyber cash. It has large adoptions and is going to all domains. I'd expect bitcoin to hit $2000 in a year or two.
As the economy of bitcoin is becoming stronger, we must also ensure that our wallets are very secure so the moment we will decide to cash out with a big profit, we will be able to realize our dreams. We cannot stop what is happening now, it seems like people are really coming in and they are creating demand which dictates the price go to up consistently.
security would be one thing that should be kept. by guaranteeing security wallet then we can make bitcoin be the strength of the world economy. The world community wants a convenient way of payment and also have a high level of security.
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December 31, 2016, 11:55:58 AM
 #663


It would be nice if approved brokers accept Bitcoin.
Bitcoin is then in the spotlight!
I would then choose the option to pay with Bitcoin is now with transfer of bank account
I hope Bitcoin become even stronger over the years and you can pay anywhere.
I've built up a nice portfolio Bitcoin and will only increase in value
... Bitcoin allows many opportunities in the future
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December 31, 2016, 02:31:20 PM
 #664


It would be nice if approved brokers accept Bitcoin.
Bitcoin is then in the spotlight!
I would then choose the option to pay with Bitcoin is now with transfer of bank account
I hope Bitcoin become even stronger over the years and you can pay anywhere.
I've built up a nice portfolio Bitcoin and will only increase in value
... Bitcoin allows many opportunities in the future

I heard one ETF will come to the market next year.
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December 31, 2016, 02:57:52 PM
 #665

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
Your friend is kidding right? Maybe when he/she said that he doesn't really know what bitcoin is because if he does, he wouldn't say those stupid things.
Tell your friend to do more research and start hacking it if he can then that's the time we will eat our words. 
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December 31, 2016, 03:13:47 PM
 #666

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
Your friend is kidding right? Maybe when he/she said that he doesn't really know what bitcoin is because if he does, he wouldn't say those stupid things.
Tell your friend to do more research and start hacking it if he can then that's the time we will eat our words. 

That's very funny that someone can just simply hack the whole blockchain technology with just a calculator. And I don't even think that it can easily predict a games outcome because if he is talking about gambling, it is a total game of luck and there is no certain measurements that can give you assurance for it. I don't know what came to the mind of his friend.

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WarThunder
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January 08, 2017, 01:05:35 PM
 #667

bitcoin cost speak for you itself. Price not nada dramatically, but only fluctuates within reason. And this point is already enough to make money on the trade.
ivan.daineko23
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January 08, 2017, 01:36:36 PM
 #668


It would be nice if approved brokers accept Bitcoin.
Bitcoin is then in the spotlight!
I would then choose the option to pay with Bitcoin is now with transfer of bank account
I hope Bitcoin become even stronger over the years and you can pay anywhere.
I've built up a nice portfolio Bitcoin and will only increase in value
... Bitcoin allows many opportunities in the future

I heard one ETF will come to the market next year.
The price of bitcoin will always fluctuate. This is the meaning of earnings in trade. Trade exchanges will specifically raise the price to drop, and then suddenly make a stir in the market.
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January 08, 2017, 01:58:10 PM
 #669

It is not the first message in the news I hear about that more and more banks are testing blockchain technology and it seems to me that this is a very major impact on the policy regarding bitcoin in a good way.
Gilf
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January 08, 2017, 02:19:30 PM
 #670


It would be nice if approved brokers accept Bitcoin.
Bitcoin is then in the spotlight!
I would then choose the option to pay with Bitcoin is now with transfer of bank account
I hope Bitcoin become even stronger over the years and you can pay anywhere.
I've built up a nice portfolio Bitcoin and will only increase in value
... Bitcoin allows many opportunities in the future
Before the new year the price of bitcoin became very moving. Many rushed to buy all bitcoin is cheaper in their opinion. But in the future this figure may be artificially reduced again. Let's see what will happen after the holidays.
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January 08, 2017, 02:31:37 PM
 #671

Bitcoin already become cyber space gold. It is the de facto standard for cyber cash. It has large adoptions and is going to all domains. I'd expect bitcoin to hit $2000 in a year or two.
As the economy of bitcoin is becoming stronger, we must also ensure that our wallets are very secure so the moment we will decide to cash out with a big profit, we will be able to realize our dreams. We cannot stop what is happening now, it seems like people are really coming in and they are creating demand which dictates the price go to up consistently.
security would be one thing that should be kept. by guaranteeing security wallet then we can make bitcoin be the strength of the world economy. The world community wants a convenient way of payment and also have a high level of security.

What's been quoted by above mate is already satisfied by the technology as well the security aspects behind the success. Its really hard to get into the wallet of the users. Convenience is always been provided by the bitcoin, also now the important thing needed is the convenience and understanding of the technology by the common people who are not much into technology.

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January 08, 2017, 02:38:40 PM
 #672

Bitcoin already become cyber space gold. It is the de facto standard for cyber cash. It has large adoptions and is going to all domains. I'd expect bitcoin to hit $2000 in a year or two.
As the economy of bitcoin is becoming stronger, we must also ensure that our wallets are very secure so the moment we will decide to cash out with a big profit, we will be able to realize our dreams. We cannot stop what is happening now, it seems like people are really coming in and they are creating demand which dictates the price go to up consistently.
security would be one thing that should be kept. by guaranteeing security wallet then we can make bitcoin be the strength of the world economy. The world community wants a convenient way of payment and also have a high level of security.

What's been quoted by above mate is already satisfied by the technology as well the security aspects behind the success. Its really hard to get into the wallet of the users. Convenience is always been provided by the bitcoin, also now the important thing needed is the convenience and understanding of the technology by the common people who are not much into technology.
How then to solve legal problems if you suddenly need arises. After all, because of the anonymity of purses nobody can prove his right to a particular action or coins.
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January 08, 2017, 02:54:21 PM
 #673

How then to solve legal problems if you suddenly need arises. After all, because of the anonymity of purses nobody can prove his right to a particular action or coins.

By cryptographically signing a message you can always prove that you own the private key to one or more addresses in a wallet. It has always been that way - you get to choose if you want to reveal ownership of coins.
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January 08, 2017, 07:21:40 PM
 #674

Bitcoin already become cyber space gold. It is the de facto standard for cyber cash. It has large adoptions and is going to all domains. I'd expect bitcoin to hit $2000 in a year or two.
As the economy of bitcoin is becoming stronger, we must also ensure that our wallets are very secure so the moment we will decide to cash out with a big profit, we will be able to realize our dreams. We cannot stop what is happening now, it seems like people are really coming in and they are creating demand which dictates the price go to up consistently.
security would be one thing that should be kept. by guaranteeing security wallet then we can make bitcoin be the strength of the world economy. The world community wants a convenient way of payment and also have a high level of security.
although  bitcoins wallets have mostly strong security procedure, but still as your fiat banks are not 100 % secure as there are so many cases of bank . so i think still online wallets  needs to be more stable so that people can use online wallet for investing their money without any doubt.
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January 08, 2017, 07:32:55 PM
 #675

Bitcoin already become cyber space gold. It is the de facto standard for cyber cash. It has large adoptions and is going to all domains. I'd expect bitcoin to hit $2000 in a year or two.
As the economy of bitcoin is becoming stronger, we must also ensure that our wallets are very secure so the moment we will decide to cash out with a big profit, we will be able to realize our dreams. We cannot stop what is happening now, it seems like people are really coming in and they are creating demand which dictates the price go to up consistently.
security would be one thing that should be kept. by guaranteeing security wallet then we can make bitcoin be the strength of the world economy. The world community wants a convenient way of payment and also have a high level of security.

What's been quoted by above mate is already satisfied by the technology as well the security aspects behind the success. Its really hard to get into the wallet of the users. Convenience is always been provided by the bitcoin, also now the important thing needed is the convenience and understanding of the technology by the common people who are not much into technology.
These are relevant aspects, one of the most incredible things about Bitcoin is that in addition to allowing users to have a decentralized payment system, Bitcoin also allows things to happen simply, without major complications. There is no bureaucracy to have a BTC wallet, for example. This certainly makes things easier for people who don't have a bank account, because a computer or a smartphone is enough to create a btc wallet.
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January 08, 2017, 08:09:58 PM
 #676

i think still online wallets  needs to be more stable so that people can use online wallet for investing their money without any doubt.
Even for online wallets, there were no frequent history of getting hacked. Only few bitcoin exchanges got hacked and people start thinking about web wallet's security due to this. Still, unlike desktop wallets, we cannot be sure with web wallets all the time as there are possibility of security breach in any web wallets services.

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January 09, 2017, 12:40:31 AM
 #677

i think still online wallets  needs to be more stable so that people can use online wallet for investing their money without any doubt.
Even for online wallets, there were no frequent history of getting hacked. Only few bitcoin exchanges got hacked and people start thinking about web wallet's security due to this. Still, unlike desktop wallets, we cannot be sure with web wallets all the time as there are possibility of security breach in any web wallets services.
bitcoin is becoming stronger and stronger from time to time as more and more people are entering in the field of bitcoin . now people are investing a  a big amount in bitcoin which is also turning bitcoin more stronger.
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January 09, 2017, 07:20:49 AM
 #678

i think still online wallets  needs to be more stable so that people can use online wallet for investing their money without any doubt.
Even for online wallets, there were no frequent history of getting hacked. Only few bitcoin exchanges got hacked and people start thinking about web wallet's security due to this. Still, unlike desktop wallets, we cannot be sure with web wallets all the time as there are possibility of security breach in any web wallets services.

Exactly, though we never heard of any successful hacking of a web wallet in our bitcoin career but still people consider them unsafe, it is just because they are online and any online website or service has the possibility of getting cracked or hacked, but still they are not as unsafe as someone might think.
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January 09, 2017, 01:18:23 PM
 #679

The biggest weakness isn't the technology itself, but the weakest point is always human.  Grin
A seed written in an unsecured word doc placed in a folder next to your desktop wallet, weak passwords for online wallets, a lot of trash programs with trojans installed on your computer on mobile phone.. There is a lot of security holes created by users themselves. Wink
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January 09, 2017, 01:22:02 PM
 #680

The biggest weakness isn't the technology itself, but the weakest point is always human.  Grin
A seed written in an unsecured word doc placed in a folder next to your desktop wallet, weak passwords for online wallets, a lot of trash programs with trojans installed on your computer on mobile phone.. There is a lot of security holes created by users themselves. Wink
A good point you got there. So many people are complaining that they have shit PC which has so many viruses inside it and the fact that they're actually inserting those viruses by their own mistake without even conscious of what they're doing and taking so many risks of something that could threaten their financial by installing pirated software which is provided by crackers in "purpose" but keep blaming on antivirus or whatever, such ironic.

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