Is Bitcoin really secure?

[Brian Goldman]

BITCOIN is a “cryptocurrency” -- a form of digital money that proponents hope will get all the middlemen out of financial transactions and permit the parties -- even ones who do not know or trust one another -- to conduct their exchange directly between themselves. If you think about who all those middlemen are, you realize that most of the financial ecosystem consists of middlemen: some state (governments who manage fiat currencies) and some private (everyone from small insurance brokerages to giant multinational institutions that provide a complete range of financial services from commercial banking to investment banking and asset management).

Financial services represent a huge market -- between 8 and 15 percent of U.S. GDP, depending on the industries included. Anything that could disintermediate financial institutions -- as Bitcoin advocates believe it might -- would be profoundly disruptive. At first blush, BITCOIN looks like it could be the harbinger of developments that will radically reshape the entire financial ecosystem. This is why commentators and analysts continue to discuss it.

[123yrncoavkk]

Security is one of the most important elements of bitcoin, if not the most important. It is important only to choose a reliable purse for storage, especially if you are inserting into long lines.

[Tonydman97]

Bitcoin sure carries some risks with it. The value of this cryptocurrency has surpassed the price of oil and has been 10 times higher than the post-Brexit exchange rates.

In order to access the Bitcoin, you need a private key which is the same as a password only it cannot be reset. If you lose it or someone steals it, you lose the Bitcoins as well. As far as the structural immunity of the system goes, it seems pretty safe from hacking risks. Can someone hack into the blockchain? Well, in theory- yes, but it would require an immense computing power.

[tiktak89]

I am fully confident in bitcoin, otherwise I would not invest in it. It is important only to properly store your crypto-currencies, as hacking can not get anywhere.

[bitvelk]

If bitcoin had dubious security, it would never have received such a spread in the world, would not be part of the world economy.

[jdhkslj]

Bitcoin is really secured,we have maintenance wallet secure.blockchain protects our transaction details,it helps to sor safe transactions.

[bigbosma]

If bitcoin is safe, it would not even have a chance to reach the world level and reach the heights on which it is now located. From which we can conclude that bitcoin is safe.

[Iacomus]

I think bitcoin is really secure because, it is you who hold your account or your bitcoin/money. Also, we have own wallet to secure your money. That's what i think about safeness of our bitcoin.

[Lodipetmalu]

bitcoin is really safe. but if you're talking to wallets which you hold the bitcoin depends on how careful you are as the owner. Just make sure that you don't disclose to anyone with your passwords or private key and always make sure that you properly log out to other device.

[want0606]

Bitcoin payments are fast and secure, with high levels of security. Hackers are difficult to steal. Bitcoin is really safe

[aktara]

Yes i think so.if you use it, it will give you very help offers

[jak3]

First of all, these questions are already answered many times in the beginners and help section. Bitcoin is the most secure system currently in 2018 because it use the sha 256 encryption which is the world's strongest encryption right now. Has because Bitcoin provides a mail to get security hackers cannot access anyone's wallet directly but they will try to take your money by spoofing or scamming you. And no governments have no right or control over Bitcoin so they cannot ban your money all they can do is when the access of Bitcoin in your country but that is not going to stop Bitcoin.

[amadocuaresma]

Ofcourse. No one can hack your bitcoin account. Bitcoin transaction are fast and secure, with high levels of security.

[Sunyoto]

According to the people in my country who use bitcoin it is very safe, and easy to do for investments and transactions to get a lot of results in the long term or short term. and bitcoin in my country is now very popular, because the future of bitcoin is very good compared to the previous year.

[btcjocan]

First of all, these questions are already answered many times in the beginners and help section. Bitcoin is the most secure system currently in 2018 because it use the sha 256 encryption which is the world's strongest encryption right now. Has because Bitcoin provides a mail to get security hackers cannot access anyone's wallet directly but they will try to take your money by spoofing or scamming you. And no governments have no right or control over Bitcoin so they cannot ban your money all they can do is when the access of Bitcoin in your country but that is not going to stop Bitcoin.

Yes it was the very secure type of inscryption.and if we put basis on the popularity of bitcoin today and the yime that it is now running and many people believe in it we  van already say that it is really a secure.Because if people maybe feel that it is not secure maybe bitcoin will falling down and no one  will inveat and apriciate on it but it is opposite many people really wantrd to have it because of some advantages.

[bitgolden]

Well, the bitcoin is very secure to the level where no hacker or computer program can hack into it to steal people money or shut the network down. Bitcoin network is peer-to-peer which makes it unhackable to anyone person or computer. Bitcoin is decentralized, thus, no government or corporation can stop it. To stop the bitcoin you must shutdown the internet which is not possible.

Bitcoins are the most secure and safe currency of the world right now. All the physical money is just unsecure even they are in banks. That is open to robbery, theft and all that scamming. These problems may occur with bitcoins but not that much.

Like we can say there is least probability of this to happen. People are getting into this world only for this one feature that gives them security.

[imyashir]

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

Yes bitcoin is future technology which will always survive.
Bitcoin is really secure. Nobody can hack bitcoin itself. The only thing you have to aware, keep your wallet safe because wallet will not safe if you not care.

i agree bitcoin is a future technology. if either hold you Bitcoin long time ago what you think lose like this value?

And try hold fiat money for a long time ago. who is in both the lose value? retard hold advantage that Bitcoin compare to Fiat. so who is secured.

[bribed]

I think Bitcoin is secure as its tech has proven itself over the years. So far nobody on the globe was able to crack the cryptographic encryption. I read that there is a possibility that it will be broken when quantum computing becomes a reality, but I think that this is still far away, so for now, I believe that Bitcoin is secure.

The weakness of Bitcoin is, as with so many other things as well, the human using it. If we dont protect our private keys, we put ourselves in danger of loosing our BTC. So dont try to save some bucks when it comes to security!

[niahasasj]

Bitcoin is really secure.blockchain helps to protect our transactions.blockchain technology will provide more security steps in future.

[Artgame]

If there are no backdoor from NSA, yes it`s secure:)
https://www.zerohedge.com/news/2017-06-12/exposed-real-creator-bitcoin-likely-nsa-one-world-currency