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Author Topic: Is bitcoin really secure  (Read 2771 times)
Ruben1
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January 20, 2018, 12:42:15 PM
 #1

Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
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January 20, 2018, 03:26:31 PM
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BTCitcoin is more secure than most existing financial services, including legacy banking platforms like SWIFT, which has been compromised repeatedly by hackers.
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January 20, 2018, 06:21:58 PM
 #3

Bitcoin is really secured. The transaction system is very fast and nobody can track this.Even government can't track its transaction.
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January 20, 2018, 06:31:15 PM
 #4

Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,

Why so many threads created for the same related question? It will leads to spams.I suggest the OP to explore the forum first,then you can get clear idea about what is the bitcoin.

Bitcoin was invented to be used securely over the Internet without any third parties.So you bitcoins are very safe than the current fiat money.But you need to keep your wallets safe or else someone will steal your bitcoins using private keys or using passwords.

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January 20, 2018, 06:33:37 PM
 #5

i think bitcoin is more secure than others Smiley
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January 20, 2018, 06:49:45 PM
 #6

Bitcoin is secure on all the ways, but transaction in bitcoin is worrisome now. Bitcoin is not only sage for investors but it is a gold eggs laying duck which gives more profit like x10 times for their investment. The investor need to just wait for the duck to lay its golden eggs.

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January 20, 2018, 07:02:10 PM
 #7

Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,

It depends on how you secured your bitcoin. There are wallet out there that are very trusted and are secure. Its really up to us how we protect our bitcoin. We are our own banks, so we should know how to protect it from hackers.

If you are lured by bitcoin, then you should learn all about it. Specially wallets to keep you safe and secure. Everything that is about money needs to be protected right? Bitcoin is no different. And far as those people who have lost their bitcoin, there's no one to blame but themselves. Bitcoin shows us avenue to make money, but if you are too lazy to protect it, them eventually someone will get it from you.

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January 20, 2018, 07:04:56 PM
 #8

Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
As far as i know, bitcoin is secure but it is not safe hackers. If a hacker wants to hack your account or wallet, that hacker will do everything that he can to hack your account or wallet. But to prevent that to happen, make multiple accounts and wallets. Also, just keep your accounts private even to your family and friends. Do not tell your passwords to anyone. In that way, you can secure your bitcoin as well as your money.

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January 20, 2018, 07:24:12 PM
 #9

Do you mean if it's hack-able? In this sense I imagine that not only is it more secure than anything centralized, but it's more secure than Turin complete coins such as Ethereum.
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January 20, 2018, 07:30:19 PM
 #10

Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,

Bitcoin is not secure for investment. It is a high risk investment and that is the reason why it has the capability to deliver such high returns. But the market is very dynamic and can move from highest point to the lowest point very quickly. Any investment asset that can fluctuate like bitcoin will be considered as a very high risk investment, Same goes with bitcoin as well. Any investors will have to closely monitor the market to take quick decision about enter at low price and booking the profit at the right time.
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January 20, 2018, 07:32:03 PM
 #11

which we know that what happens to different countries -as, as in my country, bitcoin is currently very popular and very safe because the number of people who invest in Bitcoin very much. because it looks very good bitcoin prices, and bitcoin in the future looks very promising. If they know about bitcoin to get many benefits. and also good for long term to get more bitcoin, so I think bitcoin is very safe.

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January 20, 2018, 07:33:10 PM
 #12

Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
To some level bitcoin is secure to me and to another level more need to be done to actually prove that bitcoin can be use as a store of value and a mode of exchange for goods and services. Bitcoin has been given a lot of gaing to most of it early investors and many have make serious money through it and the only those that has lose in it are the panic and inexperienced traders that always sell below what they really buy.

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January 20, 2018, 08:03:48 PM
 #13

Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
The amount of growth in investment in btc definitely proves the trust on the investor's side and minor complaints about feeling of insecurity, people investing in a hardware wallet keeps it very secure and is much safer compared to other investments.

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January 20, 2018, 09:16:19 PM
 #14

I would guess bitcoin is more secure than credit cards which appear to have millions compromised on a regular basis without anyone batting an eyelash. Bitcoin would also appear to be more secure than banking, government and assorted financial systems, all of which have been critically compromised numerous times over the years.

Its strange that people question whether bitcoin is secure when the security of our banking, economic and financial institutions could have as many holes as a sponge. With only 2% of americans having used bitcoin or a crypto currency in polls, shouldn't we be focusing more on the security of electronic financial systems the other 98% of people use?

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January 20, 2018, 09:21:20 PM
 #15

It's definitely one of the most secure assets you could choose because it's controlled by you and only you.
Note that we're not talking about the security of an investment in terms that its value will not plunge into the sea of nonexistence, but about the security from theft. repossession and seizure is also theft in my dictionary, so there's that Tongue
No government or bank can simply take it from you. Even if you're a criminal they'll have to force you to give it up, like they forced Ross. You can't lose it as you could lose a gold coin, because you can make multiple backups and store them in various places.

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January 20, 2018, 09:27:20 PM
 #16

I am so fed by this kind of post created by newbies who haven't' been dedicated 5 minutes to research the subject online.
They have no knowledge about blockchain, the basic principles of trustless network and decentralization.
Bitcoin is far more secure, and reliable than banks, and centralized financial institutions. Yet it is always labelled as a totally insecure asset by mass media...

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January 20, 2018, 09:30:43 PM
 #17

Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
Bitcoin is safe and secured investment. However you have to check the exchange or wallet you are using if it is secured or not. Bitcoin is better than banks because it is decentralized and you have the direct access to it. Banks arent one because  alot of people knew your informtaions and they can control your account.

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January 20, 2018, 09:52:45 PM
 #18

Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
As far as i know, bitcoin is secure but it is not safe hackers. If a hacker wants to hack your account or wallet, that hacker will do everything that he can to hack your account or wallet. But to prevent that to happen, make multiple accounts and wallets. Also, just keep your accounts private even to your family and friends. Do not tell your passwords to anyone. In that way, you can secure your bitcoin as well as your money.
Hackers can't force their way to get your bitcoin if you have a secure wallet. Most hacking cases i've read are from bitcoin gambling sites and crypto exchanges just avoid storing big amount of bitcoins online and use a different device to store your bitcions to make your wallet more secure.


Bitcoin is far more secure, and reliable than banks, and centralized financial institutions. Yet it is always labelled as a totally insecure asset by mass media...
In terms of storage bitcoin is secure no doubt about that but in terms of investments it is not.

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January 20, 2018, 09:55:14 PM
 #19

Bitcoin is definitely secure as long as you don't lend your password out to anyone.  But I'm pretty certain it's like that for everything.
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January 20, 2018, 09:58:56 PM
 #20

Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
Always put up your mind that every investment is safe which we would really still have the possibility on losing money. Security isn't guarantee. Those people who are putting all in on bitcoin are putting up the risk.Its either huge profits or total loss up depending on where bitcoin prices would go in near future. We do know bitcoins price is too volatile which means we cant be sure if we would make money most of the time. Just only invest on the money that you can afford to lose up.

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