how strong is bitcoin really?

[Doms]

In terms of value, bitcoin is a very strong currency. To think that a few years ago, the price was ranging at the $200 to $300 levels, and just after two years, it has reached over $1100. Because of the growing demand and the weakening of other currencies, this serves as an alternative investment for those seeking high yield in a short period of time.

[kiklo]

In terms of value, bitcoin is a very strong currency. To think that a few years ago, the price was ranging at the $200 to $300 levels, and just after two years, it has reached over $1100. Because of the growing demand and the weakening of other currencies, this serves as an alternative investment for those seeking high yield in a short period of time.

People that invested in Nov 2013 at ~$1275 lost money and have yet to even break even after over 3 years. 
BTC is a better instrument at causing people to lose money that gain money.


 

[leminerale]

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

if your friend can hack military security actually mean your friend of genius or nonsense, and I don't believe in the words of your friend

[Viscore]

In terms of value, bitcoin is a very strong currency. To think that a few years ago, the price was ranging at the $200 to $300 levels, and just after two years, it has reached over $1100. Because of the growing demand and the weakening of other currencies, this serves as an alternative investment for those seeking high yield in a short period of time.

People that invested in Nov 2013 at ~$1275 lost money and have yet to even break even after over 3 years. 
BTC is a better instrument at causing people to lose money that gain money.


 

If they can wait for another years then maybe they can get back their investment. There is a good indication that we will be able to reach that price this year so we just have to be positive. Truly, those who can hold longer will make profit.

[carlerha]

In terms of value, bitcoin is a very strong currency. To think that a few years ago, the price was ranging at the $200 to $300 levels, and just after two years, it has reached over $1100. Because of the growing demand and the weakening of other currencies, this serves as an alternative investment for those seeking high yield in a short period of time.

in fact bitcoin is one of the most strongest crypto currency of the world so far. but i think its value depend on the mass adoption and not on its price increasing, because there is a always expecting a great change in the price of bitcoin but if the mass adaptation of bitcoin is increasing then bitcoin will becoming more and more stronger and its price will also becoming more stable.

[blackstone]

bitcoin is really very strong .your friend may be true that casinos are hackable ,in the past we have seen that it have been hacked .well in case of bitcoin wallet it is 256 bit encryption which is very helpful , so our bitcoins are encrypted and safe within our self.

[20kevin20]

bitcoin is really very strong .your friend may be true that casinos are hackable ,in the past we have seen that it have been hacked .well in case of bitcoin wallet it is 256 bit encryption which is very helpful , so our bitcoins are encrypted and safe within our self.

Yeah, there has been no known hack in the past of any Bitcoin wallet (except those that got a very weak password like "password" or so). You cannot hack it, and I guess if someone found an exploit in Bitcoin's security it could mean the end of the cryptocurrencies. At the moment there are no vulnerabilities.

[Rishabh riyz]

i don't think this can be happen or any of that incident had happened in the past...... i think your friend had read it from any online site or he is assuming it from himself but i don't think it can be happened ......

I agree with you. Bitcoin has no data center, I think hackers are can not attack bitcoin network.  Mr Satoshi is genious person.

i agree with you guys that bitcoins has decentralised nature and so their is no single target to hack into
but when it comes to bitcoins network I can be hacked
even pentagon and NASA where hacked several times
so we cannot b sure that bitcoins network can be hacked or not
in terms of currencies value bitcoins is really strong but security is something that we can never be 100% sure

[berserkinterbuy]

i don't think this can be happen or any of that incident had happened in the past...... i think your friend had read it from any online site or he is assuming it from himself but i don't think it can be happened ......

I agree with you. Bitcoin has no data center, I think hackers are can not attack bitcoin network.  Mr Satoshi is genious person.

i agree with you guys that bitcoins has decentralised nature and so their is no single target to hack into
but when it comes to bitcoins network I can be hacked
even pentagon and NASA where hacked several times
so we cannot b sure that bitcoins network can be hacked or not
in terms of currencies value bitcoins is really strong but security is something that we can never be 100% sure

Few people are believed to forecast that the price of bitcoin will exceed $ 1k. But we really see anymore. So I think that the stable growth achieved.

[eduaro66]

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.

[chrisivl]

i don't think this can be happen or any of that incident had happened in the past...... i think your friend had read it from any online site or he is assuming it from himself but i don't think it can be happened ......

I agree with you. Bitcoin has no data center, I think hackers are can not attack bitcoin network.  Mr Satoshi is genious person.

i agree with you guys that bitcoins has decentralised nature and so their is no single target to hack into
but when it comes to bitcoins network I can be hacked
even pentagon and NASA where hacked several times
so we cannot b sure that bitcoins network can be hacked or not
in terms of currencies value bitcoins is really strong but security is something that we can never be 100% sure

Few people are believed to forecast that the price of bitcoin will exceed $ 1k. But we really see anymore. So I think that the stable growth achieved.

We need to think about how to strengthen the position of bitcoin users in today's market. Bitcoin, the currency, which is in itself an insult to anyone will not. But I would not mind to have legal assistance as a user bitcoin. There are a lot of risks, of which it would not hurt to have that opportunity.

[Pab]

Last time i am begin to think that bitcoin is stronger than euro and dollar,euro and dollar are look to me like a kind of old to much used dirty stuff.Bitcoin is progressive backed by technology,euro and dollar is backed by debt and flood of printed money. How strong bitcoin is,as network is strong and like internet is strong

[Cosbycoin]

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.

[one-day0]

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.

The popularity of bitcoin is primarily dependent on all users. And it's not only in the case if the transfer coins to each other, but also what should be new opportunities, but it needs to offer different bitcoin sellers and retail stores. That this will always force bitcoin.

[elena-tur]

Last time i am begin to think that bitcoin is stronger than euro and dollar,euro and dollar are look to me like a kind of old to much used dirty stuff.Bitcoin is progressive backed by technology,euro and dollar is backed by debt and flood of printed money. How strong bitcoin is,as network is strong and like internet is strong

It can be a lot of strong points the benefits bitcoin to call, but I would not by itself have the ability to pay taxes to the state treasury. The fact that life and so hard, and the government still manages to rip off people with the last.

[angaper]

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.

The popularity of bitcoin is primarily dependent on all users. And it's not only in the case if the transfer coins to each other, but also what should be new opportunities, but it needs to offer different bitcoin sellers and retail stores. That this will always force bitcoin.

There is no point in trying to justify the strength of bitcoin in terms of its price. We all know that all altcoins, bitcoin included, are relativity easy to move in strong fluctuations because of their still low market capitalization. So I think it is better to define its strength in terms of its advantages compared to traditional money or payment processors, and in this case I can see a great strength in the bitcoin option.

[BeGoods]

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.

how would you answer if bitcoin prices down very quickly when many users into a panic? because the price had dropped to $ 850 very quickly due to the panic selling? bitcoin is not yet strong enough with that evidence?

[Finestream]

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.

how would you answer if bitcoin prices down very quickly when many users into a panic? because the price had dropped to $ 850 very quickly due to the panic selling? bitcoin is not yet strong enough with that evidence?

The definition of strong for me is to be able to go get back every time there is a dump due to crisis. I guess we have seen that in bitcoin, we have seem countless times that the price drops, and now, do you know where we are already? We are in the level where we all hope, and we can surpass the all time high of bitcoin price sooner or later.

[romero121]

Last time i am begin to think that bitcoin is stronger than euro and dollar,euro and dollar are look to me like a kind of old to much used dirty stuff.Bitcoin is progressive backed by technology,euro and dollar is backed by debt and flood of printed money. How strong bitcoin is,as network is strong and like internet is strong

With the successful technology backing bitcoin is very strong. Same time the risk with bitcoin is very high, even a small collapse in the network causes a big impact on the price as well the growth rate of bitcoin. Dollar or Euros were not the same, they are value to value. When something decreases the money value it can be stabilized with the backing value assets.

[freedomgo]

Last time i am begin to think that bitcoin is stronger than euro and dollar,euro and dollar are look to me like a kind of old to much used dirty stuff.Bitcoin is progressive backed by technology,euro and dollar is backed by debt and flood of printed money. How strong bitcoin is,as network is strong and like internet is strong

With the successful technology backing bitcoin is very strong. Same time the risk with bitcoin is very high, even a small collapse in the network causes a big impact on the price as well the growth rate of bitcoin. Dollar or Euros were not the same, they are value to value. When something decreases the money value it can be stabilized with the backing value assets.

The risk is big no wonder we are getting big rewards as well, that is how it works and you cannot change any of them. Bitcoin is risky since there is no one is in control of the network, it could collapse and will render our bitcoins worthless. The possibilities or the risks should be known to us, being educated with bitcoin will let us decide confidently. As the question goes, I guess it is strong for now but risky.