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Author Topic: Is Bitcoin really secure?  (Read 21545 times)
princerepon
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August 20, 2017, 10:04:35 PM
 #201

Of course it is. But it's depend something into you. Cause if your password and Personal key is safe then nothing to worry. For more secure your bitcoin you can use windows/Linux/core wallet. Don't use exchange site (3rd party) wallet holding coin for long time. You don't know about those site future or someone. Hacker will not do anything until you safe your personal key. Good day... Smiley
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August 20, 2017, 10:23:52 PM
 #202

Bitcoin is very secure,unless you get scam carelessly by fake or mirror sites.As Bitcoin is decentralised therefore there is no place where hackers can hack. And Bitcoin wallets are very secure as if they weren't they would be hacked long ago.But anything isn't 100% unhackable even NASA and Pentagon were hacked few times,so you never know but now it is mostly secure.
I also think that there is no doubt about the security of bitcoin. bitcoin is in fact a very much secure currency and hope that it will remain as secure forever for investment as well as to be use as currency.
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August 20, 2017, 10:54:18 PM
 #203

Bitcoin is very secure,unless you get scam carelessly by fake or mirror sites.As Bitcoin is decentralised therefore there is no place where hackers can hack. And Bitcoin wallets are very secure as if they weren't they would be hacked long ago.But anything isn't 100% unhackable even NASA and Pentagon were hacked few times,so you never know but now it is mostly secure.
I also think that there is no doubt about the security of bitcoin. bitcoin is in fact a very much secure currency and hope that it will remain as secure forever for investment as well as to be use as currency.
yes no doubt that bitcoin investment is too much secure, I think one can invest money in bitcoin without any doubt, I am sure that those people who will invest money in bitcoin right now will surely get a good profit after some time.
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August 20, 2017, 11:35:34 PM
 #204

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you  guys give me some answers
discussion about bitcoin security.
Bitcoin security is no doubt, see the history of bitcoin from 2013 until now. There is no occurrence that hackers take control of bitcoin security.
Do you know why bitcoin prices are so expensive now? Because bitcoin is very safe and more and more demand from consumers.

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August 20, 2017, 11:44:59 PM
 #205

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you  guys give me some answers
discussion about bitcoin security.
Bitcoin security is no doubt, see the history of bitcoin from 2013 until now. There is no occurrence that hackers take control of bitcoin security.
Do you know why bitcoin prices are so expensive now? Because bitcoin is very safe and more and more demand from consumers.
Yes bitcoin is secure and become the most popular cryptocurrency but there are many people who are trying to steal some bitcoin by making a fake website that can get your identity from the website that your are wanted to open stay away from these and analyzed every website that you are encountering because there are possibilities that you may be hacked by anonymous people who wanted to steal some bitcoins.
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August 20, 2017, 11:55:21 PM
 #206

After a segwit yesterday, Bitcoin increasingly confident to be at the front as a very secure and reliable currency. No one can argue that security becomes the main capital. Millions of people are very confident with it, therefore Bitcoin is increasingly popular and widely used as payment.
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August 21, 2017, 12:01:28 AM
 #207

When we're talking about bitcoin security, we really do depend on the wallet that we've used, I do trust my wallet provider that's why I don't have a doubt and think much about negative rumors about hackers and there like. If your using hardware wallet I think it would be better that way, so take one step ahead and learn how to do it. It is sometimes the consequences of your actions that may lead to vulnerability of your accounts. So be vigilant enough not to engage suspicious sites.
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August 21, 2017, 01:37:01 AM
 #208

For me the security of bitcoin is our own depending how to be wary of keeping our account so hackers do not steal it, so must be really care for it.
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August 21, 2017, 02:04:14 AM
 #209

In reality the doubts of its security has a high possibilities to be compromised because of its popularity at this time. I can't see much hackers that targeting BTCitcoin for it is what they used also and if they will make such move they also be affected and i really do believe that they will choose to save the existence of bitcoin than destroying it.
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August 21, 2017, 02:07:23 AM
 #210

After a segwit yesterday, Bitcoin increasingly confident to be at the front as a very secure and reliable currency. No one can argue that security becomes the main capital. Millions of people are very confident with it, therefore Bitcoin is increasingly popular and widely used as payment.

I'm not sure if segwith served us in the area of security. If yes, please explain.

As long as we store our bitcoin is the wallets where we hold the private keys safely, the bitcoin security will be high. Its algorithm doesn't allow computers to break our passwords. Some people use hardware wallets for high security, but I've never tried it before. I trust bitcoin's security.
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August 21, 2017, 02:13:07 AM
 #211

I have tried many ways that bitcoin is so secured and can't even hacked by the hackers out there that trying to steal many bitcoins. Although it depends now on us on how can we handled all are accounts safely to hackers. We need to be alert like many fake domains now trying to copy like MEW (myetherwallet.com) domain

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August 21, 2017, 02:20:56 AM
 #212

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you  guys give me some answers

Yes, bitcoin is really secure and it depends on your carelessness so your bitcoin may hack. But banning the bitcoin may have a period of time to process because first the government must make a law about banning it. And that law will under to different process.

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August 21, 2017, 03:16:57 AM
 #213

Is bitcoin secure ? I can only giggle at such a sentence, let me try to put into words how secure it is.
For a SHA256 system that you know it's output and want to 'guess' an input which is 256 caracters long binary code you will need to guess and check 2256 guesses  which is so freakingly big.
That is 232 * 232 * 232 * 232 * 232 * 232 * 232 * 232
And 232 is actually near 4 billions so i let you imagine.
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August 22, 2017, 12:41:03 PM
 #214

I think yes. It is your responsibility to ensure the safety of your bitcoin. The use of a bitcoin wallet with a better security can better ensure its safety.
Love that fact, bitcoin security really depends on you, if you make your bitcoin secure by strong password then no one will ever thing to hack into your account, but tell me one thing what if someone stole our laptop and he know password of laptop then he will reach to your wallet easily, so you should also mention this fact hat keep your laptop secure by strong password.
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August 22, 2017, 01:24:46 PM
 #215

Bitcoin is as secure as you make it. If you fail to take proper security precautions then you can kiss your Bitcoin goodbye eventually. It is only a matter of time. Don't believe me? Ask anyone who had Bitcoin from 2010 if they have been hacked/scammed I think over 50% would say yes... Shocked
If we talk about security of Bitcoin account, it defends on how vigilant we are managing our account. We must be very aware on the safety and precautions on how it could be hacked or scammed by modern day internet thieves. Anticipating threats in any kind is one of the most effective way of securing one's property.We must be very aware on the insights of bitcoin to protect and secure our account.
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August 22, 2017, 03:30:08 PM
 #216

Yes bitcoin is really secure if you know where to store it and of course if you are careful of your information. There are topics here where you can read what is the safest place you can put your bitcoin try looking for it bro.

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August 22, 2017, 03:34:20 PM
 #217

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you  guys give me some answers
Business as well as the battlefield. In fact, there is nothing absolutely safe when you invest. Anything that reaches the pinnacle of glory is risky, which is inevitable. And I do not think the government can ban everybody using bitcoin.
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August 22, 2017, 03:36:47 PM
 #218

Yes bitcoin is really secure. no one can steal bitcoin, except for our own carelessness. Smiley
The government can not be that easy to ban bitcoin transactions, because bitcoin is the future.


Yes, I think it's more like because bitcoin uses blockchain technology that guarantees all the privacy of its users, they also provide excellent transaction transparency.

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August 22, 2017, 03:42:43 PM
 #219

I use bitcoins for years and nobody stole my bitcoins, nobody hacked them either, so i think it is safe. I don't use exchange wallets to keep my bitcoins i own private keys of my wallets together with other codes, so as long as i won't do something stupid i will have my bitcoins secured.

 
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jovs
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August 22, 2017, 03:51:48 PM
 #220

It's not perfect, as others have already said, but if you study the types of failures that can occur in the Bitcoin ecosystem, you'll notice that these are problems with very low probabilities of happening, and most of them requiring astronomically high computational power to happen.
It is quite noticeable that Bitcoin also suffers on ups and downs in terms on its system. But it is normal to happen because Bitcoin as form of crypto-currency is a developing current which in tend to experience a good history of development for it to have a secure transaction. So if you are going to support Bitcoin and used it as a form of daily transaction more development, growth and progress could actually happens more to bitcoin system and security to make it a more secure in terms of transactions.
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