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Author Topic: Is bitcoin really secure  (Read 2751 times)
rathaha10
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January 20, 2018, 10:26:33 PM
 #21

It is actually really secure. Hackers have not been able to break in the system of Bitcoin, but they can hack your wallet. There are exchanges where you can sell your coins and convert them etc, but exchanges can also be hacked by hackers. For me Bitcoin is very safe and i trust it. I had never had a problem with Bitcoin. If it wasn't safe my friends wouldn't have used it, and me too.
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January 20, 2018, 10:42:15 PM
 #22

It is as secure as you make it . If you do some good research on cold wallets and follow the advice you find it is pretty secure. But never forgot what is lost is lost forever.
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January 20, 2018, 10:42:31 PM
 #23

In my point of view it is safe 'cause their is so much stronghold that are protecting your bitcoin for example I see this one on bitcoin whitepaper
they consider a scenario that someone might try to generate an alternate chain faster than the honest chain they consider any possibility that can happen nowadays they are decade advance to someone try to find a solution to their problem on how to?

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January 20, 2018, 11:02:50 PM
 #24

BTCitcoin is more secure than most existing financial services, including legacy banking platforms like SWIFT, which has been compromised repeatedly by hackers.
Well bitcoin is really secure, and its your token in the wallet whos not secure if your not holding it well and you give an authority by any kind of people etc.
Bitcoin for is the best and secure one for the communities and services it has the power to do all things that we need its just about to set already, and more upgrade fpr the future
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January 20, 2018, 11:05:14 PM
 #25

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 don't know what specific kind of security mean about Bitcoin but what I know is that, it depends on what wallet you're dealing with. If it is a coinbase, or something light like etherwallets and the likes. Then it would totally have different kinds of security, or should I say it would offer a different service of security.














 

 

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January 20, 2018, 11:24:56 PM
 #26

    Yes,bitcoin is secure because it is decentralized digital currency but it will become more secure by yourself if you put it in secure place. You must put it in offline or paper wallet to avoid it stolen by the hackers.Do not give private key and password to anyone.
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January 20, 2018, 11:34:42 PM
 #27

Bitcoin is indeed very safe! It is much safer than bank. BUT make sure you are using a very clean, no virus, no malware computer or laptop. Never download suspicious coin wallets from airdrops. Buy a hardware wallet, so you can store your coins safely.

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, 11:41:58 PM
 #28

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 I think bitcoin is quite safe if you keep and use it well, store your bitcoin in highly recommended wallet and trade on a reputable exchange so everything will be fine. About bitcoin price growth for me is no problem, the price movement of bitcoin is very fast, so I guess there is no problem to invest in bitcoin.

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January 20, 2018, 11:42:36 PM
 #29

Going all-in is stupid and you shouldn't put your eggs in one basket. Investing in bitcoin because you want to make money and see it grow is almost as stupid but a little less forgivable because we all want this. You should be cheering for the technology not your money because if the technology wins your money will too. Irregardless bitcoin is the safest form of money we have today, it is secured by a highly robust network of computers which actually puts energy into creating a Bitcoin. It isn't created because they want to or on a whim, it is created out of energy therefore each Bitcoin has an actual price behind it.

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January 21, 2018, 02:16:45 AM
 #30

Ofcourse bitcoin is secured. Before using bitcoin, you need to know what it is and what are these all about so that you have a good understanding about it. It is secured. It is not about the earnings all about, it is also about the knowledge that you will apply.
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January 21, 2018, 04:18:22 AM
 #31

So far I have not heard a successful attack on the Blocchain system, but there will always be those who want to steal money where there is money. It has many features that we need to have confidence in the Blockchain system. I think it will be one of the successful inventions of the 21st century.



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January 21, 2018, 04:37:05 AM
 #32

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 very safe and can be used to store wealth and investment, most importantly you have to protect the key of your wallet.
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January 21, 2018, 04:39:13 AM
 #33

Okay, if you're talking about the fiat value of bitcoin, who the hell knows. But if you own 1 bitcoin and you have good security (cold storage) you're as secure as any bank because they're using the same algo. So. Yeah. It's secure. The price will fluctuate, but look at the trend. Who cares. HODL.
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January 21, 2018, 05:17:27 AM
 #34

Some people invest some if not all of thier asset in bitcoin.

People who invest some of their money are only playing it safe and doesnt want to go bankrupt when something goes wrong with bitcoin. You`ll never know the come out of bitcoin in a certain day because of its volatility, like we see the other day bitcoin crashes so hard and there were a lot of sell outs.

They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.?

As a term of investment its not quite safe compared to other source of investment, many of the financial analyst say that bitcoin may crash without any warning at all, i do believe this thats why i always trade my bitcoin to fiat from time to time.
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January 21, 2018, 05:27:07 AM
 #35

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.,
Of course yes! Bitcoin is secured asset though its transaction fees are too high and it is more volatile than physical asset. I will say that the core network of bitcoin is hard to access even the hackers.
As what I've observed, there is no people that hacked in his bitcoin account.

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January 21, 2018, 05:53:26 AM
 #36

It is as secure as you make it . If you do some good research on cold wallets and follow the advice you find it is pretty secure. But never forgot what is lost is lost forever.

The only disadvantage I can find is their recovery is not that easy or might take time forever in case if it happens. We have seen so many exchanges claimed to get hacked or btc stolen from their wallet and mostly still not recovered. Thus at individual level it becomes almost impossible. Offline mode is the best option for long term or else go for the best secured wallet online if you do own some small qty only.

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January 21, 2018, 05:55:19 AM
 #37

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 i believe in bitcoin and also i believe that bitcoin is the most secure digital currency in this world and i don't think there is any reason to doubt their security and honesty.I have been using bitcoin from past few years and have done many transactions almost more than thousands number of transactions have been done by me in this past 5 years. And till now there has been no issues from bitcoin and i find it very useful for me and I think
that after knowing everything about bitcoin in detail it is our duty and responsibility to secure our bitcoins from the hackers and other thefts. There are many ways to secured your bitcoins but i think there are few high secured wallet service also available mainly hardware wallets like Trezor and Nano S which provides the best security for bitcoin and i have been personally using them from quite a time.

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January 21, 2018, 06:07:14 AM
 #38

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, it is safe and secure . We can see the growth of bitcoins and how it has become part of income for many needful people.

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January 21, 2018, 06:44:58 AM
 #39

Yes I gues so ,right now bitcoin is the most known cryptocurrency in many country .And also they trusted it in invesent many of them are willing to wait until its price goes up .They invest cause it is a secure crypto .
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January 21, 2018, 07:37:39 AM
 #40

It only depends on how secured you are in keeping your bitcoins. But Yes, bitcoin is secured. Here's some proof
"All in all, bitcoin is more secure than most existing financial services, including legacy banking platforms like SWIFT, which has been compromised repeatedly by hackers." According to Jeff John Roberts.
Reference http://fortune.com/2017/12/09/how-secure-is-bitcoin-really/


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