Is bitcoin really secure

[Gabrieelle]

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.,

Just like all the other investments are risky, bitcoin investment is also risky. But the promising fact is its ever increasing demand through out the world and bitcoin being safe as it could not be hacked unless we reveal our private key.

It is a kind of risk that is worth it because once we invest in bitcoin we can be profitable in the long term. More and more people are engaging into bitcoin everyday which means there will be a greater demand for bitcoin and it will result to a much higher price. You're responsible for your security once you started using bitcoin because we all know that it is decentralized.

[lilmansbride]

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, til quantum computers became able to unhash our private keys and take control of our coins.

[RudeeTam]

Bitcoin is not safe and secure. You can lose money if you don't know what you are doing. Not anyone is cut out for bitcoin especially ones who are desperate. They can lead to disaster if they let their emotions cloud their judgement on when to buy in and when to get out.

[Goat20]

Bitcoin is not really secure beacause as we all know that  bitcoin is decentralize that is why  government has no protection for it unlike the other banks.However,you are the one who responsible in making your own bitcoin wallet  so must thing to do is choose the right and better bitcoin wallet.

[fullhdpixel]

bitcoins are safe, the only downside is the prices, because bitcoin values are unstable. The only thing you have to worry about is hackers, hacking your btc wallet, please be careful on phishing sites, you can find preventive measures in the net, and please don't give your email on anonymous persons.

Bitcoin are secured with a high degree of encryption, close to that of the military. No one can pay you money or make a payment on your behalf. Bitcoin can give you full control over your money and a high level of protection against many types of fraud.

Yeah mate you are absolutely right bitcoin is the most secured currency t this time and the bitcoin organization is very conscious about its investor’s money security and they will never let anyone to touch anyone else’s money and this thing build trust among the investor community from the start there is no mishap in the bitcoin that anyone looted here so it’s better to use the secure mood of money to earn without risk.

[jostorres]

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 currency is very secured and safe. if you send bitcoin to another user, no one knows where the transactions come from. But I think the most important is to make sure that your wallet is more secure because if your wallet has no private key it can be accessed by hackers. so I suggest you to use wallet has private key.

Basically, you have discussed two characteristics of Bitcoin here, one is security and the second is anonymity. Bitcoin possesses both of them. It is secure and the transaction are also anonymous but everything has a limit. The security of Bitcoin depends upon its holder.

The best way to protect any digital currency from hackers is to keep it in an offline wallet. The anonymity is achieved by blockchain technology. I can explain that but it is a very long story so I would skip it.

[reda]

Bitcoin is not really secure beacause as we all know that  bitcoin is decentralize that is why  government has no protection for it unlike the other banks.However,you are the one who responsible in making your own bitcoin wallet  so must thing to do is choose the right and better bitcoin wallet.

I thing you don't know the bitcoin proces. First you will learn it. Bitcoin good for the people future growth and people will be learn more information from bitcoin. Bitcoin easy to use and secure. If you will share some information for your account details. Some people will hack your account. So you safe to use you account information.

[marsmyname]

I think it is not, many other people are here to hack. Like the wallets or users, sites, many other things, what do you think if the founder of bitcoin is a hacker? what would happen to us who are bitcoiner here?

Bitcoin being safe, depends on how you make use of it; you can either use it carelessly, or carefully. If you’re careless, and not minding your security, then hackers will be able to steal your information and use it to do whatever pleases them. So it’s good be careful. For me, I would say Bitcoin is safe and secured.

[Kiweikoo]

Yeah,bitcoin is really secured when compared to fiat currency,by means of getting stolen,by means of transaction over internet.But is is really not secured by means of it value.

I think Bitcoin and Fiat are close to being the same in terms of security. Bitcoin can be stolen and Fiat can also be stolen, what makes Bitcoin seems more safe is because not everyone is interested of it, so thieves will never think their victims owns a Bitcoin. But mind you, if your phone gets stolen or your laptop, then your Bitcoin goes with it, and if they happens to hack it, then you know what happens.

[Toden1379]

Depends on what you mean by safe and secure? As an investment that will grow and earn you money? or holding it in your wallet? If it's the former, then it really depends. You won't lose all of your money just in case it tanks but you may lose a significant amount. And vice versa. If it's the latter then it's all up to you on what kind of wallet you're going to use. But just use 2FA or email auth just to be sure.

[nemesis_]

Of course it is. It is known for its transactions that do not need a middleman or intermediary. To perform such task, it should have a good security. Also, it is based on blockchain technology which means it is really hard to hacked. Many might want to take advantage of the users but bitcoin is probably developing each single day. So its security will surely develop more in the future. You just have to secure your account more and don't let your guard down as hackers are just waiting to find a perfect timing to do their job.

[pelipurlara]

Bitcoin is really secured. The transaction system is very fast and nobody can track this.Even government can't track its transaction.

yes investment in bitcoin other than safe also you will benefit from the results of trading and investment in this currency crypto, the transaction in bitcoin encrypted with very safe so it is very difficult to be tracked

[RenBct]

On my experience, investment in bitcoin is secure with regards to security but it's not secure with regards to risk. It may goes up very high or you may just lost in a very short amount of time. So the security of bitcoin is how you look on it really.

[decoder88]

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.

Bitcoin for me is secure and a good investment. I guess the security will also be affected by what kind of wallet are you going to use yourself. You have to make research on what wallet is secure in your coutry. What's good about bitcoin is that you will never have to get involve in operations of the banks. It has decentralized community.

[G2z_Riya]

On my experience, investment in bitcoin is secure with regards to security but it's not secure with regards to risk. It may goes up very high or you may just lost in a very short amount of time. So the security of bitcoin is how you look on it really.

Security is a big issue with bitcoin. This could be overcome with ease based on the necessary steps we take to make it to be secure. There are people who stay away from cryptocurrency just because of the lack of security. These people have lots to invest, but the high secure nature of gold make them invest unto it leaving bitcoin.

[mrcash02]

On my experience, investment in bitcoin is secure with regards to security but it's not secure with regards to risk. It may goes up very high or you may just lost in a very short amount of time. So the security of bitcoin is how you look on it really.

Security depends how you are storing your money, which wallet you are using, and it's not so easy for everyone, as people who have weak machines won't have the same security measures someone who has a strong machine... The risk is more related to the volatility of this currency. It's a risky investment for everyone, as everyone is taking the same risk, but it can be more or less secure for me than for you, depending how I store my coins.

[shezu007]

On my experience, investment in bitcoin is secure with regards to security but it's not secure with regards to risk. It may goes up very high or you may just lost in a very short amount of time. So the security of bitcoin is how you look on it really.

Security depends how you are storing your money, which wallet you are using, and it's not so easy for everyone, as people who have weak machines won't have the same security measures someone who has a strong machine... The risk is more related to the volatility of this currency. It's a risky investment for everyone, as everyone is taking the same risk, but it can be more or less secure for me than for you, depending how I store my coins.

Agree, Bitcoin by self is fully and strongly secure and no one can affect bitcoin security but it also depend on you that as mate said that in which way you are saving your bitcoin, depend on your wallet security and your PC also and the network you are using. If hacker is success to enter in your PC then i think you security will be in risk in that situation because they can enter in your wallet easily if they can enter in your PC.

[Leane Lee Natividad Cuenc]

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.

Since bitcoin was made or invented it was absolutely secured...yes i agree that all you have to do is to keep safe your wallets otherwise someone may steal your bitcoins using their private keys..so however we must double to secured our bitcoin and be sage.

[ngusmin]

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, as long as you keep your private key safely no one will be able to steal the bitcoin from you. I guess storing bitcoin is safer than saving fiat money.

[mrcash02]

On my experience, investment in bitcoin is secure with regards to security but it's not secure with regards to risk. It may goes up very high or you may just lost in a very short amount of time. So the security of bitcoin is how you look on it really.

Security depends how you are storing your money, which wallet you are using, and it's not so easy for everyone, as people who have weak machines won't have the same security measures someone who has a strong machine... The risk is more related to the volatility of this currency. It's a risky investment for everyone, as everyone is taking the same risk, but it can be more or less secure for me than for you, depending how I store my coins.

Agree, Bitcoin by self is fully and strongly secure and no one can affect bitcoin security but it also depend on you that as mate said that in which way you are saving your bitcoin, depend on your wallet security and your PC also and the network you are using. If hacker is success to enter in your PC then i think you security will be in risk in that situation because they can enter in your wallet easily if they can enter in your PC.

Yes, there is the risk of being hacked, but it's possible to avoid it. You can store your coins in a computer without internet access for an example. And you may say: Ah, but the computer can break. It's true, it's impossible to reach 100% security, but we can reach 99% at least...
Otherwise, risks (currency's volatility) aren't possible to avoid in any way, it's a fixed percentage of risk for everyone.