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Author Topic: Is Bitcoin really secure?  (Read 21595 times)
CryptoCare55
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February 17, 2018, 04:45:01 AM
 #1761

9 years back Bitcoin was launched, it is very much visible that Bitcoin is secure in investor’s hands. Miners are doing their part of the job well, but not letting any transaction getting suspicious.
kim_min888
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February 17, 2018, 04:45:06 AM
 #1762

The question of whether Bitcoin is safe is a relative question and depends a lot on what you mean by safe.

TL;DR… it’s very safe, if you follow some basic security practices. Keep your keys secret, back them up (preferably in offline storage / paper wallet / hardware wallet), don’t keep all your money in a single wallet, keep all transactions within the blockchain, use multiple signatures in organizations in order to ensure a single person cannot compromise the funds, and have a plan to ensure that relatives can retrieve the money in the event of your death.  Blockchain technologies may well replace many centralized models that are currently used, while volatility in the BTC price provides challenges and opportunities. Bitcoin technology is not anonymous to organizations with enough resources to determine how funds initially entered or exited the Bitcoin network.
yecats
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February 17, 2018, 04:53:10 AM
 #1763

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

There are  hardware  wallets where  you can store your bitcoin a way to avoid  your  crypto currency  being  stolen. here  are some of the guidelines on how  you can protect  you  bitcoin or crypto  currency https://bitcoin.org/en/protect-your-privacy.
LoudA__
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February 17, 2018, 05:01:16 AM
 #1764

9 years back Bitcoin was launched, it is very much visible that Bitcoin is secure in investor’s hands. Miners are doing their part of the job well, but not letting any transaction getting suspicious.

i don't think that miners will be responsible is there are transactions that are not meant to be since they are just confirming the transactions. Also if you do not know, in the first years of bitcoin a back door was found. It was fixed quickly and after that it becomes very secure. The only thing that people are seeing as a problem to bitcoin is it's volatility since there are a lot of people that are being disappointed when bitcoin dumps.
kokobaba880
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February 17, 2018, 05:29:33 AM
 #1765

For me i think bitcoin is really secure i haven't experienced a problem while using bitcoin it is really hard to say that bitcoin is not good bitcoin is the world famous and highly market oriented currency the big investors are investing in bitcoin they are getting good profit of the current market. The bitcoin users are holding bitcoin and i want to use my bitcoin for payment because i have hired a service of online server now i want to pay them in bitcoin.

zmerol
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February 17, 2018, 05:47:53 AM
 #1766

 I didn't hear any news about the hacking of Bitcoin Account. If you don't lose your password, email and some other information nobody can't hack your account. It has a high-security system.yes bitcoin is really secure because wallet very safe and strong i din,t found  here anyone  wallet has been hacked  ...you always safe your password or key..i hope your wallet always to be safe.
DRVX
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February 18, 2018, 06:08:38 AM
 #1767

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

There are a row of different risks related to earning, holding and operating Bitcoin. We know this things about blockchain of Bitcoin: the transaction points are saved but we heard a lot about hack attacks and stolen coins.
bajingluncat
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February 18, 2018, 06:20:38 AM
 #1768

In my opinion about bitcoin security is very safe in making transactions because it uses a blockchain system where every transaction that goes through some confirmation, besides bitcoin also tidal can be faked like a regular currency
LieTOme
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February 18, 2018, 06:24:27 AM
 #1769

In my opinion about bitcoin security is very safe in making transactions because it uses a blockchain system where every transaction that goes through some confirmation, besides bitcoin also tidal can be faked like a regular currency
for investment it is safe but to keep still was was. because theft and hacking cases until now still often happen. big exchangers with good protection could be hit by a hack
mkcube
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February 18, 2018, 06:27:03 AM
 #1770

Yes bitcoin is secure cause they contain security the blockchain security.It is not easy to enter cause it needs security and confirmation No one also experience that there token is beingbhacked.
mezzaluna
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February 18, 2018, 06:36:33 AM
 #1771

Bitcoin is secure because there are a lot of users that is still using their platform and if Bitcoin is not secure, it would have not reached the price that it has now. The fluctuation of the price only tells that it is something secure and something that we can invest our money into.

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Becase
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February 18, 2018, 07:23:34 AM
 #1772

I think bitcoin is really safe. No one can control BTC even though the government can not control it. No one can steal either us or anyone else. Incase our careless bitcoin can be stolen and it is a tremendous problem.
esprit man
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February 18, 2018, 07:32:51 AM
 #1773

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

Sure, Bitcoin is safe. No one can hack, if we keep it safe. You keep in your own account but do not neglect. Because your untoward will take advantage of. Your wallet account is safe all the time.
ucingucingan
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February 18, 2018, 07:37:57 AM
 #1774

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.


I agree with your opinion, bitcoin is safe and not stolen in addition to our own negligence, but bitcoin is also safer because it can not be faked like banknotes,
dbstmddhks
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February 18, 2018, 08:47:56 AM
 #1775

Bitcoin is still relatively safe currency, because no one can know the identity of the owner of Bitcoin. But as you know, some well-known exchanges are already asking for verification. It's good or it's still hard to say
samcun
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February 18, 2018, 09:01:43 AM
 #1776

Is Bitcoin really safe? safe or not depends on us, because everything that happens with bitcoin is very dependent on our own to be able to keep our bitcoin confidential. private key must be kept secret, we do not get to the hands of people who are not responsible. because it can cause to lose our bitcoin.

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Waqas vicky
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February 18, 2018, 09:04:56 AM
 #1777

Yes bro,
BitcOin is really secure with high security.
No one can steal your bitcoin untill or unless he knOws your wallet id.
And wallet id is very complex so I don't think its possible to steal your bitcoin.
Thanks
siddu1
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February 18, 2018, 09:41:56 AM
 #1778

Yeah dude Bitcoin is totally secure and no one can hack it or it will not spam with you. on the other hand your account can be hacked by others if you do any foolish work like showing your password to others.So be aware.
mega
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February 18, 2018, 11:57:26 AM
 #1779

Bitcoin have threat of hacking but if we compare with traditional Banks,or other financial institution Bitcoin is more secure than rest all.Bitcoin technology is trusted and Blockchain make tit more secure.

To protect our funds just need use more advanced tools of security time to time to minimize the risk of hacking.

Got my account back! It was hacked. Sorry about it :|
Qu33nz3r
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February 18, 2018, 01:29:43 PM
 #1780

Is Bitcoin really secure? very safe for all tips. because in it there is a very sophisticated key. Smiley
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