Bitcoin saving is not safe

[lepricoin]

I agree that this has a certain risk, but so it can be said about everything. And imagine what kind of people who sold their homes and invested in bitcoin-this is very risky. We must try to find the middle ground

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[QN2018]

You are not starting your forum career {yes, I said career} with a good start. Bitcoin {The Technology} has never been hacked

before. {the protocol} Yes, Bitcoin websites/exchanges/wallet providers have been hacked, but they only use the currency.

The Bitcoin developers are doing a damn fine job at the moment and all code are OpenSource and under constant scrutiny

from other developers. {Peer review} 

Sorry,I just want to share my idea to discuss with all users in this forum, I just want to talk my thinking of bitcoin , not mean career as you thought 

[Prodigan786]

Being hardcore supporter of bitcoin from long time and till I have to accept the hard truth which you mentioned yes I do agree bitcoin savings is heavily risky . We can’t even predict market fluctuations.Safety of our investment.

[tiptopgemdotcom]

This is totally depend on user himself. Who can force you to invest in something? Noone. So answer is clear.

[Rath_]

Everything has a huge risk. Gold value could rapidly go down anytime, the same thing goes for normal currencies such as dollar, euro, yen etc. Bitcoin is a cryptocurrency which is neither accepted anywhere nor official currency in any country. Right now it has speculative value but I think that people become more aware of the risks of current financial system. It is very unlikely that Bitcoin would get hacked. Critical bug could be solved by introducing hard fork. 51% attack is too expensive to perform.

[Kate Beckett]

I think every possible savings are risky, not only Bitcoin savings. You will be always worried about your money/Bitcoin/gold etc. But who is not risking, don't drink champagne. If you need to protect your Bitcoin savings, you can always find a way to do that.

[maxj57634]

-snip-

First of all when posting dont change the color it hurts the eyes.

cryptocurrency is more risky because the possibility being hacked is so high

The possibility of bitcoin being hack is from the exchanges and not from a secure wallet like offline wallet. The risk is definitely there if you are unaware that the site you are storing your coins is not trusted.

we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second

The network system of bitcoin cant be hacked, do you even know what the heck are you saying?.

fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution.

The fluctuation is what keeping large investor towards bitcoin, it is somehow unsafe if the value falls to much but even though it fall large and medium investor buys the coins because they knew the fall of price wont last long.

[QN2018]

I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution.

Oh Dear, please, please read around the forum before posting such stupidity. What do you mean network system attacked? Do you have any idea what you are talking about? Maybe what you heard about people losing their bitcoin is (1) they put their funds on a exchanges, so when a hacked happened on that exchange, your money is gone, (2) you didn't protect your wallet, - password is not strong, or you give your private key to someone untrusted. Fluctuations is part of the nature of bitcoin, If you don't know how to handle fluctuations, you shouldn't be in bitcoin investment. Bitcoin price is based on supply and demand, so its another factor that you need to understand before talking about fluctuations, volatility and unstable price.

Sorry for causing the indignant from you all, simply after for a while I study about bitcoin I think that the main reason is because of its great value, so many people will do whatever thing to trade, buy or seek even stole ... to  get them, that may also be the reason why it's not safe.Similar to stocks, which give you big profitable, the risk is the same, you may become a billionaire, but you can also be empty in a few seconds. I just want share my idea with you all in this community !

[Toden1379]

Some people who have kept their BTC for 2-3 years beg to differ. Fluctuations are a common thing in the cryptocurrency world. Also, being hacked is not really that high as you stated. Unless you have your BTC on exchanges, if you have your personal wallet, you can keep it safe with a bunch of 3rd party authentication protocols or better yet get a cold storage wallet.

[katinko]

Yes, bitcoin investment is very risky but the profit that can gives is also very high unlike using fiat money to invest in real state. For now i choose to invest in bitcoin that saving in the bank or investing in real state, in bitcoin you do not need to wait for long period of time to earn money even in just few hours it can generates income that is what i love in crypto currency

[Ilegendph]

Your btc being hacked is near to impossible. I agree with the fluctuation of the price.  Fluctuation is normal in the market it makes profits anyway for the traders.
Without price fluctuation there will be a shorted of supply of btc because everyone will hold it.

I think op does not read satoshi's whitepaper because he said that it is hackable. Satoshi indicates there that the hacker needs atleast 2x the current hash power rate to redo all the transactions that have been listed and as of now, it is impossible to have that kind of power in a single place, you will need large space to do that. And also, government wouldn't regulate bitcoin for some place if they know that there is history of hack in bitcoin.

[FlintJuan]

Bitcoin saving is safe it depends how you work for it bitcoin is a have graet value not like the flat money.

[Hillthy]

Volatility is a common thing in the worlds cryptocurrency world.
Of course, bitcoin investments have risks. However, understand that investing in risky business is indispensable. The higher the risk, the higher the profit. I'm sure investing bitcoin, can you rich quickly.

[Carlsen]

I think op is right with his statement. There are more risks with bitcoin, or with crypto currencies in general than with most other investment options.
But that is not why people join bitcoin.
We are all here because of the big possibilities bitcoin offers. Ond those possibilities do more than just compensate the risks.
Besides, some of the risks can be minimized by working carefully.

[gambitcoin53]

Bitcoin system itself is safe, the problem is the user of that accounts, they are using passwords that are easily be hacked, easily to guess,  it is impossible for bitcoin to get hacked because of its security features,  be careful when you are connected to a public wifi because it is highly prone to hackers because of its vulnerability and unprotected domain, it is unsafe to open apps or program like bank account or online banking as well as your bitcoin wallet password if you are connected to a public wifi.

[sofi@]

all investment has the risk of failure same thing with bitcoin but why people keeps on trusting bitcoin despite of too many fluctuations its because even if its true that bitcoin is not safe still the fact that it can give a return on investment as high as 300% in a matter of one year is something worth taking risk for. People has their freewill they can choose to invest on a safe thing but with a small return or go with bitcoin, risky but feels like winning a jackpot when it pumps

[Dapper]

The main reason it's not safe is that no one knows its future.   It could be the next Alta Vista.   And I'm definitely not a FUD type, as btc has made me quite a bit of profit.   But to step back and look at it risk wise, if it were a choice between putting x,, in btc vs. x,, in gold bars in my safety deposit box, I choose gold.   That said, I do hold both, but understand that my btc holds are far more risky.

[Lucius]

There is no doubt that BTC is very risky asset/currency,especially for new users who do not know some basic things.So before buying BTC every user should take some time and be well informed before taking any action.Beginner's mistakes such as downloading fake wallets,using phishing sites,exposure of private keys/seed or send BTC to wrong address are everyday occurrences.

On the other side there is always risk of losing money due to volatility in BTC price in short or in long term.But this is risk every individual must take over when investing in BTC,its future is uncertain although for most it looks promising.

From the security aspect if user take all necessary steps to secure BTC it can be almost 100% sure in this regard.Risk of price go down&losing value can not be eliminated,a person who does not want to take that risk should invest in something less risky.

[boomdasdas]

Your btc being hacked is near to impossible. I agree with the fluctuation of the price.  Fluctuation is normal in the market it makes profits anyway for the traders.
Without price fluctuation there will be a shorted of supply of btc because everyone will hold it.

I do not think it will not be hacked, the tech world is growing, and more and more hackers are coming and maybe one day you will be attacked and rob your Bitcoin number.

[CryptoChanel]

If you buy yourself a hardware wallet no hacker will steal your bitcoins. However, Bitcoin still is not safe because the price can go very low now and then. And stay there, for a long time.