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Author Topic: Is Bitcoin really secure?  (Read 21545 times)
boboi
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March 06, 2018, 11:22:43 AM
 #1941


Bitcoin had been ard for quite sometime and its been growing well as well. for sure is a target for hackers which is inevitable.
play your part to reveal your personal passwords and etc. that will be a good a prevention of being hack.
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bakulsandal21
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March 06, 2018, 11:26:41 AM
 #1942


yes, bitcoin is secure, considering the fact, that before you obtain a bitcoin, you will need to have a wallet, the wallet itself is generated through codes, and you need to have a password, a pin, or a passphrase for you just to access your wallet. The wallet itself being encrypted gives you security already, then once you have a bitcoin to store in your wallet, you will also need your passwords or access to send your bitcoins, also your bitcoins has its own algorithm, hackers will have a hard time to get your bitcoins, just make sure the wallet that you have is secured, don;t give away the important details for your wallet and take care of where you are storing your coins, be it a desktop wallet or a ledger, don't be careless.
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March 06, 2018, 11:28:28 AM
 #1943

There is no worry about it because bitcoin is legit and it has long been running in our industry.
Because many years have invested and invested here and millions of users are also using it.
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March 06, 2018, 11:32:34 AM
 #1944

As everything happening with bitcoin is truly dependent on the internet connectivity there are chances of being getting hacked. In the past there are several security concerns regarding the security of the bitcoin holding. Now this has been made more secure with several features and different types of wallet availability and functionalities.
bts378
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March 06, 2018, 11:34:09 AM
 #1945

There is an important distinction between the security of the Bitcoin blockchain and the security of personal wallets. The blockchain is secure as long as nobody finds a way to hack the SHA-256 hash function, which is considered very solid. On the other hand, personal wallets can be stolen in various ways, and obviously exchanges can be hacked or untrustworthy.
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March 06, 2018, 12:16:41 PM
 #1946

Base on a research bitcoin is proven secure, with bitcoins use of a distributed ledger known as blockchain gives owners a record of all their transactions that cannot be tampered with because there is no single point of failure. With the software used for storing bitcoins on computers or smartphones. Bitcoin exchanges are not regulated by the government, and they generally do not provide enough insurance and security to be used to store money in the same way as a bank.
DragonCoinZ
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March 06, 2018, 12:20:25 PM
 #1947

When somebody steals your wallet with fiat money, is the bank insecure? I think the blockchain is the most secure database. So you cant cheat on them. You cant steal something or hack it. The weak points by Bitcoin are the peoples computer systems. So if you trade with bitcoins and altcoins wort some thousand of dollars, but you dont invest in security software, its you own fault when you pc got hacked and you loose all your coins.
12tribes
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March 06, 2018, 12:25:25 PM
 #1948

The beauty of the crypto world is that a lot of frontline and cutting edge tools are daily made available for the development and integrating of networks and system which daily make the crypto world secured and reliable. If in 9years the crytpo world can come to this volume of users, and we see daily development, imagine what could be the result if we add 10years to the journey so far.

svetochka.yakovleva.93
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March 06, 2018, 12:33:25 PM
 #1949

I have never had cases that bitcoin was stolen and I could forget it irretrievably. And then, if you have had this happen, you probably do not want to protect your wallet from other people.
tikong
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March 06, 2018, 01:02:46 PM
 #1950

Bitcoin is the safe and secure form of money and it is used by many users across the world people are now interested in crypto and they plan to use this currency for international transactions as well bitcoin is the really secure form of money and in our country bitcoin is traded very well people who have this money they are getting good amount of profit over it.
Hobo66
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March 06, 2018, 01:07:03 PM
 #1951

Yes bitcoin is a secured way to make payment of the grid,
bitcoin is also untraceable payment, all you need is an
secure online or offline wallet to keep your bitcoin safe.

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spooneds1
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March 06, 2018, 01:07:29 PM
 #1952

For me bitcoin is safe and secure to invest and earn some of bitcoin, but there might have small risk if you are not so careful with your transactions and accounts, it is used by many users across the world people. Protect your account and double check the address before sending to be safe and secure.

bulantoy12345
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March 06, 2018, 01:28:53 PM
 #1953

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 you my friend, bitcoin is very secure. I've been at bitcoin for almost 3years and im not encountering any loss at my bitcoin. We are responsible at our investment at bitcoin, to avoid bitcoin loss we as the owner should be the only one who knows the access key (private key) at our bitcoin wallet. Trust no one even at our bestfriends and members at the family! Don't leave any trace any link or access at your bitcoin wallet. For security purposes only use laptaps, cellphones and pc's that you own at your bitcoin transactions. It's better to be safe always to avoid regrets when somebody robs our bitcoin.

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wareen
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March 09, 2018, 10:01:58 AM
 #1954

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 you my friend, bitcoin is very secure. I've been at bitcoin for almost 3years and im not encountering any loss at my bitcoin. We are responsible at our investment at bitcoin, to avoid bitcoin loss we as the owner should be the only one who knows the access key (private key) at our bitcoin wallet. Trust no one even at our bestfriends and members at the family! Don't leave any trace any link or access at your bitcoin wallet. For security purposes only use laptaps, cellphones and pc's that you own at your bitcoin transactions. It's better to be safe always to avoid regrets when somebody robs our bitcoin.
As long as you can secure which device you are using to store Bitcoin or other cryptocurrency, you do not have any risk from hacker attack. However, we are using internet to connect the Bitcoin network. Therefore, anytime, we all have the risk to get hacking attack from criminal.

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Lovykitty
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March 09, 2018, 10:17:33 AM
 #1955

I think safe, Bitcoin Technology - protocols and cryptography - has a strong record of security records, and Bitcoin's network is probably the largest distributed tally project in the world. Bitcoin's most common disadvantage lies in its user error. Bitcoin wallet data that holds private keys can be erased accidentally, lost, or stolen. This is similar to physical cash stored in digital form. Fortunately, users can apply security measures to protect their money or use the services of providers that offer high level security and insurance against theft or loss.
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March 09, 2018, 10:22:35 AM
 #1956

Bitcoin is secure in itself. However, once Bitcoin is purchased, the majority of the security depends on you. You have to be really careful with your wallets. Especially your online wallets. It can be hacked by dubious people and so you have to safeguard your passkeys, as well as your online activities. also you have to ensure that you do not lose your passkey else your savings are gone. Has this helped you?
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March 09, 2018, 10:24:32 AM
 #1957

 Smiley As everything happening with bitcoin is truly dependent on the internet connectivity there are chances of being getting hacked. In the past there are several security concerns regarding the security of the bitcoin holding. Now this has been made more secure with several features and different types of wallet availability and functionalities. Smiley
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March 09, 2018, 10:25:38 AM
 #1958

Personally I feel that bitcoin is secure as it's backed up by the power of the blockchain. And due this new innovative technology no one can change the record of transactions.

And if you maintain your bitcoin in cold wallets rather than hot wallets then absolutely you are safe from holding bitcoins.

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March 09, 2018, 10:35:05 AM
 #1959

To me, bitcoin depends on yourself
If you can secure your wallet and personal keys, it's very safe for me because bitcoin is so easy to profit more and safer in all forms, both investment and transactions are very easy to use.
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March 09, 2018, 10:48:02 AM
 #1960

This is informative, thank you!
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