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Author Topic: Is Bitcoin Hackable?  (Read 4056 times)
Tan_avia)vl.
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April 22, 2018, 10:06:23 AM
 #481

I am sure many have asked this question before proceeding with the extraction or purchase of cryptocurrency. As far as I know, the type of encryption that is used in bitcoin code cannot be hacked.

Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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misterj
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April 22, 2018, 10:11:56 AM
 #482

Bitcoin is safe and secured that the only problem that a user would be facing is through human error which may be used by the hackers to develope creative way to spam people or fool us users.

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April 22, 2018, 10:19:25 AM
 #483

Obviously bitcoin is not, But your bitcoin wallet yes.

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April 22, 2018, 10:21:04 AM
 #484

I think Bitcoin isn't hackable but the online wallets are hack-able.
So it is up to us on how are we going to secure our bitcoin or money.
There are some offline wallets and I think it is the best way to secure our savings in crypto currencies.

Marrionbitcoin
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April 22, 2018, 10:25:34 AM
 #485

Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?

Bitcoin is hackable so let's just be careful on keeping our account log in or sharing our passwords to others. We better to install applications that strengthen the security or password of your Bitcoin transactions most specially in withdrawing money.
Alifal
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April 22, 2018, 10:38:14 AM
 #486

actually it is hackable,that acknowledge every one.if will do hack it,many body can fall loss.so i think that is not easy to hack the bitcoin system, and the team is constantly work to make secure their systems.thanks a lot
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April 22, 2018, 12:14:08 PM
 #487

Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?

As this point of time the bitcoins are not yet hackable because even the master conputer cannot hacked it even the super conputer cannot do it so, so far no one can hacked the bitcoins system for unknown reason ir is such a wonderful thing that the one who made it did not revealed him or herself maybe because of security purposes because maybe he know that those things might happen if he do that. But so far bitcoins is pretty much unhackable but remember there are scams everywhere
YAyyas
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April 22, 2018, 12:22:48 PM
 #488

I am not sure the bitcoin is hackable or not but people can send a virus to your system and they can change your bitcoin address while pasting your address in any transaction.
Lalafell
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April 22, 2018, 12:33:35 PM
 #489

Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?

No system is perfect but bitcoin is pretty much the closest thing you can have. The security problems are immediately treated whenever new forks are trying to by pass bitcoin. What you should focus on is your own personal computer or phones because the hackers might fish into it. You can prevent them from leaking your device by installing security programs and be cautious to any suspicious links.
DevilSlayer
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April 22, 2018, 12:38:18 PM
 #490

Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?
Yes! It is possible that your bitcoins can be hack by some bitcoin user. It is really necessary to choose bitcoin wallet wisely for you to protect your bitcoins from many hackers here in the cryptocurrency market.
coinmaster241
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April 22, 2018, 12:39:48 PM
 #491

-snip-

No system is perfect but bitcoin is pretty much the closest thing you can have. The security problems are immediately treated whenever new forks are trying to by pass bitcoin. What you should focus on is your own personal computer or phones because the hackers might fish into it. You can prevent them from leaking your device by installing security programs and be cautious to any suspicious links.
For bitcoin I don't think it's possible because blockchain / decentralized system that allows offender to cross multiple walls at once in several bitcoin nodes simultaneously. maybe for the exchange platform can still be because server is centralized. may be useful
rizqillah
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April 22, 2018, 12:40:35 PM
 #492

Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?

I think it is impossible, bitcoin is very secure. but, I dont know next time.
Eleanorjean11
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April 22, 2018, 02:55:30 PM
 #493

Waiting for quantum computers, it will be interesting to watch battle between cryptotechnologies.
Nowadays the one and only way is to hack wallet information.
bitcoinrunners001
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April 22, 2018, 03:30:52 PM
 #494

Bitcoin could be hacked but I know bitcoin's is doing averything to make every wallet secured, except if you mistakenly send your private key in public.
summerbray
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April 22, 2018, 03:33:38 PM
 #495

Indeed it is. The blockchain platform may be more solid and secure, but other elements of the "crypto service" (wallet, exchanges, mining pools, mining rigs, nodes, ICO web pages, etc ... ) are open to "traditional" Internet type of hacking. 
Thardz07
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April 22, 2018, 03:49:35 PM
 #496

Yes it is hack-able if the bitcoin is already in your wallet. Hackers can stole your bitcoins using phishing sites. But regarding bitcoin itself is very difficult to hack, and that is largely due to the blockchain technology which supports it. As blockchain is constantly being reviewed by bitcoin users, hacks are unlikely. But it does not mean that it's necessarily a safe investment. There does exist potential for security risks at various stages of the trading process.
leynuuuh
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April 22, 2018, 03:50:01 PM
 #497

Yes it is, it is hackable. No system in this world is not hackable even the most secured program. When there is a great system, the hackers will be greater. Usually, this hackers are programmers. We know programmers, they are a very hard working people. If they want to hack bitcoin, they will and can find a way.
PawanAggarwal
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April 22, 2018, 04:11:20 PM
 #498

Is is not possible to hack the bitcoin until security feature of your wallet is at high level.
Jose Rizal
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April 22, 2018, 04:14:16 PM
 #499

Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?

As far as I know, yes it is, but Bitcoin has a proficient te which works everyday to maintain the security alertness to this forum, they should keep the hackers away to this currency which involve tons amount of money, and that's not an easy task since they have to work on that everyday, and just like a central bank in a country this is very important to people like us who works for this to earn.

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April 22, 2018, 04:32:43 PM
 #500

Yes it is hack-able if the bitcoin is already in your wallet. Hackers can stole your bitcoins using phishing sites. But regarding bitcoin itself is very difficult to hack, and that is largely due to the blockchain technology which supports it. As blockchain is constantly being reviewed by bitcoin users, hacks are unlikely. But it does not mean that it's necessarily a safe investment. There does exist potential for security risks at various stages of the trading process.
To my knowledge, I think that no one can hack the Bitcoin system because it has very good security background, attacking it is almost impossible. However, hackers can steal Bitcoin from everyone's wallet by various means of intrusion if we do not have safeguard measures. As you said, they can steal the bitcoin through fraudulent websites or take advantage of loopholes to penetrate personal computers. Therefore, we need to protect Bitcoin wallets safely
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