Is bitcoin really secure

[selen]

the context of TS implies investment security, not blockchain security probably. looking at full span price of btc it may look very secure - exponential growth. the rule of thumb in finance is that past performance does not guarantee future. and the back side of any investment is risk. so of course it is not.

[1715670765]

1715670765

[eyebags1994]

I believe its yes .. Its more secure than other banking activity.I am very confident that if we use bitcoin in a proper way it will give it back to us safely  with security:-)

[snedyolo]

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.,

You can bet it is. Just ask yourselves this, if bitcoin is not secure, would it last for years since the year 2009? I don't think so, right? The thing that makes people drawn more to bitcoin is the fact that it is secure and cannot just be shutdown because of the fact that a lot of people have invested in it.

[Ranly123]

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.,

I believe its secure and its the reason why bitcoin remains on top of all cryptocurrency. It is up to the investor how to secure their wallets and accounts in bitcoin most specifically in investing on ICO where there are many fraud and scam.

[wewe123]

As far as the status of bitcoin, it is very secure ,it is at the top in terms of its value compare to other cryptocurrency, the only not secured is that your bitcoin accounts might be penetrated with scammers ,hackers or stealers.

[ICOPass]

Bitcoin is secure. However the question is about implementation.

[izanagi narukami]

Yes 101% bitcoin really secure. If you think the bitcoin isn't secure all hacker can get bitcoin no on history is the bitcoin hacked. Trust to bitcoin brother just do it. We love bitcoin i trust it.

You can trust bitcoin but not 100%

Have you ever heard that Japanese exchange got hacked ?
https://www.cnbc.com/2018/01/27/hacked-japanese-cryptocurrency-exchange-to-repay-owners-425-million.html

Although bitcoin is secure but the hacker is more clever since bitcoin security is being created by human and only human itself able to hack the system.
Sounds logic , right ?

[Finestream]

As far as the status of bitcoin, it is very secure ,it is at the top in terms of its value compare to other cryptocurrency, the only not secured is that your bitcoin accounts might be penetrated with scammers ,hackers or stealers.

I believe so.Bitcoin is the most secured investment when it comes to gaining profit,and it becomes more reliable because you are the sole controller of your own account.Whatever happens to your account is just the outcome of how you took care of it and  the rest of your assets.So keep an eye on your bitcoins and stay focus at all times.

[bosimpson54]

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.

I do not think Bitcoin is safe because hackers are so active, you can see that more and more people are joining the Bitcoin community, and that makes hackers pay attention, I think not. There will be times when hackers can attack and steal their money

[Noelbetty12]

Yes it's secure but human errors would play a lot in the hacking of coins. I have heard of somebody a friend of my brother-in-law who lost his money due to failure of safely trading his bitcoins. He gave his private key and it all went missing. Just like that if we are so careless in doing so, these hackers could just be stalking their prey anytime. So we should better be ready for anything. Get computers cleaned and remove viruses as it infects immediately.

[Rufsilf]

It is really secure because we are anonymous when we do a transaction in bitcoin because the network of bitcoin have some great encryption that cover our IP and make it as an untraceable transaction which is the best for making huge payments so they will not be able to locate you which make your bitcoin really secured.

[Kim Domingo]

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.,

For me, I think yes Bitcoin is really secure due to the fact that it has been already known to be decentralized which makes us believe and trust Bitcoin about its security and safety that it can provide for its users and also the same thing applies for its investors. It is just normal that people tend not to put all their money to serve as an asset to grow in terms of Bitcoin because usually we are testing its capacity and capability to prove if that said provision was really true enough to be trusted. In terms of using Bitcoin, I bet it was secure enough to cover its wide range users.

[mung_nasib]

If we ourselves can be careful in every action will be safely controlled and most important to anticipate the incident one must be able to determine the wallet to be used to receive bitcoin later because now there is a mode of theft from various applications offered to someone to use it as a place of receiving income from playing bitcoin.

[curry101]

If we ourselves can be careful in every action will be safely controlled and most important to anticipate the incident one must be able to determine the wallet to be used to receive bitcoin later because now there is a mode of theft from various applications offered to someone to use it as a place of receiving income from playing bitcoin.

For now it depends. Even if you are careful on all of your action it doesnt mean that you are safe. Remember what happened in japan?. I think even now in digital money there is no security. $530 million worth of digital money was stolen by hackers in japan.

[shawn995]

Indeed bitcoin is more secure and we can say that by verifying previous history of bitcoin. As in previous history of bitcoin we have never get any bad news against security of bitcoin and other proof is that big investors are investing in bitcoin which can also proof that bitcoin is secure.

[Oceat]

It is really secure because we are anonymous when we do a transaction in bitcoin because the network of bitcoin have some great encryption that cover our IP and make it as an untraceable transaction which is the best for making huge payments so they will not be able to locate you which make your bitcoin really secured.

What makes you so sure that you are totally anonymous when making a transaction? You know that blockchain is not totally anonymous, once they know your address they can trace your every transactions. The only thing that can compromised your Bitcoin if you got hacked, planted with virus(keylog), logging in into a phishing site. So you should do your thing in terms of security before any damage can cost you a lot.

[Bryan_12]

Actually in these moments btc is one of the safest virtual products, that is why it has lasted so many years at the forefront of the cryptocurrency market, but if we talk about financial security remember that this does not go hand in hand with any cryptocurrency, since in reality the profits are based on the fluctuation of the market, that is, there is no fixed gain

[STT]

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.,

Two different questions there, you have asset allocation and market risk.    People might also think you are asking about the integrity of the blockchain also.

This is why people are always comparing Bitcoin to gold because its value is not reliant on a central body, authority or company to continue in value.   It does rely on the market demand vs supply and also it requires people to take care of their own security.

Lodging your Bitcoin with a website means you have left the blockchain in effect, you have forfeit security in favour of trust of 1 website.    The protocol cannot be blamed if the user loses value from a website or personal failure.

So far as risk and asset allocation, then no you should not hold all value with Bitcoin.   Again this is not the fault of the protocol if people lean on one asset type to retain their wealth.    Its very often the case people should secure their own household living costs as far as possible to achieve proper security, very boring mortage type costs are far more secure then remote investment or reliance on crypto protocols.   The primary use of Bitcoin is to transport value imo so holding all value when you do not intend to transmit it seems wrong, the answer is you are over speculating if doing so.   Again the failure is personal judgement.

[tarabitcoin17]

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.,

I think that bitcoin is really a secure one. Hackers will have experienced difficulty to infiltrate this system. The creators of this forum is so organized that it can detect a spam or a farmer user.

[crypt0heaven]

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.,

Yes, bitcoin is as secure as it gets. Its been a system running for over 9 years straight with not 1-second downtime. The longer bitcoin is the more improbable its gets that a 51% attack will be performed. Basically, there is no financial system in the world that is secure as bitcoin.