Questioning the reliability of bitcoin

[SanJ_02]

Are Bitcoins reliable??? There have been lot of scams with regards to bitcoin. Is it safe to invest in Bitcoins at this point of time?

[solopay669]

he can not be rehabilitated, and it's obvious!

[RodeoX]

Are Bitcoins reliable??? There have been lot of scams with regards to bitcoin. Is it safe to invest in Bitcoins at this point of time?

Bitcoin is safe to use. But people are not at all reliable. There are no bitcoin hacks, just social engineering attacks that take advantage of fear, ignorance, and greed. If you actually believe in alt-coin ICO's or think some guru will show you a secret to get rich... Well, you are going to lose all your money.

The secret to success is WORK. Educate yourself in cryptography not infowars bullshit. Take the time to set up security and records of your trades rather than begging for a Satoshi at some scam faucet. There are no short cuts. You will need to learn to use an exchange like a grown up. Be the boss. You can do this!

[cuocsong]

you must believe, or you'll die in worriness

[TheGodFather]

Are Bitcoins reliable??? There have been lot of scams with regards to bitcoin. Is it safe to invest in Bitcoins at this point of time?

Anything can be scammed nowadays. If you think about it everything is really a risk and for me that just means that we would have to be careful and we would always have to make informed decisions on how we would want our day and most importantly our investment to go. If we get cooped up because of the idea of fear then we are not able to open up the opportunity to become successful because we are afraid and we are not informed and a slave of our emotions

[Slark]

Are Bitcoins reliable??? There have been lot of scams with regards to bitcoin. Is it safe to invest in Bitcoins at this point of time?

What scams are you talking about exactly? Bitcoin and bitcoin network is probably safest network on the planet ATM.
The problem is that scams are happening because some users are gullible enough and some others take the opportunity to steal their BTC.
Bitcoin scams happen only due to human factor being the weakest link and the root of all problems.

[akemi1487]

I think that before entering into the crypto market, one should learn a lot about the industry. If you invest in bitcoin without sound knowledge, it will be risky. So better to get proper knowledge on it and then join here. I believe that it is reliable.

[beskid]

With the advent of bitcoin, the debate about the reliability and profitability of crypto currency has not abated.  The more electronic money becomes more popular, the more active the discussions around them.  Today, no one will convince you that the crypto currency is the most reliable among currencies.  Risks are always there.  But in fact its reliability is higher than that of gold and the dollar, with which it is compared.  And the advantages of such a monetary instrument are much greater. Traditional money is in the management of the national bank.  Issued in not always justified quantities.  If excessive emissions are sharply depreciated and can at any time become just "paper", as several global crises say over the past 10 years.  With bitcoin everything happens differently.  Produces coins an electronic peer-to-peer network of millions of computers, within which data is exchanged for a specific protocol and algorithm.  Intervene in this process is unrealistic, it is also not possible to control it centrally.  Attempts to make changes to the algorithm are fixed by the system and are not accepted.  Thus, coin generation is an autonomous process, decentralized and maximally protected.  BTCs can be mined by selecting keys to various mathematical algorithms, users of bitcoin cranes and members of crypto-exchange exchanges.  Today, the Crypto currency is a currency that is paid for goods and services, and a very profitable way of investing.  The exchange rate stability of the crypto currency is the result of user confidence.  The secret of the reliability of the crypto currency is in the formation of demand for it.  The higher the demand, the level of protection and complexity of generation, selection of keys to algorithms is higher.  Under these conditions, the increase in the cost of bitcoin, predicts an increase in the cost of mining equipment and the complexity of the operations performed.  All crypto money is stored in an electronic wallet, it is almost impossible to crack, which again underlines the vulnerability of the world currency or the storage of precious metals.

[shandiem14]

Good question, Well bitcoin is much safer when it terms of investment. No one can hack your bitcoin except if you're irresponsible of your private key. Those scams site or HYIP needs to be prevented they use bitcoin to scam people and we need to protect every people in the society not to join that scam sites