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Author Topic: Can we make sure that our money we invest in Bitcoin is safe?  (Read 3975 times)
GalahadSeika
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June 17, 2018, 06:15:40 PM
 #801

No, before investing you should know that what you're investing is good or safe or whatever the complimentary measure you're needing. And it depends on your use, if you don't use it wisely then end of the line.
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minersday
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June 17, 2018, 06:58:54 PM
 #802

As long as your wallet is safe enough, i do not understand why you should be worried about it, because it only depends on the wallet in where you are holding the bitcoins

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cryptolet
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June 17, 2018, 07:55:04 PM
 #803

You can use wallets like hardware wallet, paper wallet, offline wallet and cold wallet and then try and keep your private keys safely.
ThunderCatSteve
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June 19, 2018, 10:46:52 PM
 #804

As long as your wallet is safe enough, i do not understand why you should be worried about it, because it only depends on the wallet in where you are holding the bitcoins

The market is very low and I think that this is a strategy from big fishes and rich people to make a situation where people will think that it doesn't worth more to be involved in the crypto world and the price is only declining and by this they are a bit forced to sell their assets and big fishes wait for this moment to buy at the lowest price as possible, then they will pump the price and those people that sold will come back to cryptoworld and will say wow now it worth to invest because the prices are going high, now the big fishes wait for this and sell high, pretty much this is the game that they play, so in conclusion I think that i worth to invest now.
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June 19, 2018, 10:55:09 PM
 #805

I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
When it comes to security, bitcoin shpuld be trusted. It is one of the most secure objects in the internet, as its security is so high it is virtually impossible for someone to forcefully break unto someone's accpujt and steal tgeir investments. The reason why some people's investments are being stolen is because they are the ones to blame. Most of the time they accidentally publicizes their credentials for everyone to see. Which then results in a lot of people stealing from them.

Giftedcrypt
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June 19, 2018, 11:58:47 PM
 #806

Naturally our money investment in Bitcoin is safe but its the price dwindling that makes the value of Bitcoin equal to the initial Cash involved lower, that affects our money..
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June 20, 2018, 02:27:47 AM
 #807

Nothing is absolutely safe. When you send money to the bank, you still get information stolen and lose money on the card,n past people paid money for good safety vault to be secure and now you should do the same just with your pc.
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June 20, 2018, 02:38:50 AM
 #808

I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.

off course, use it with 2fa, and this is the future, the trend it's to increase
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June 21, 2018, 08:19:39 AM
 #809

Nobody is safe for 100%. There are always people, who want to invest their money and get more profit and those, who want to steal. One time when I'm watching the tv news their some people says, some are crying because the money that they were invest in bitcoin and the people who were recruits is not found. So they cry and cry because they were invest of money in bitcoin but the end of the time here money was lost and they were victims of scam.
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June 21, 2018, 08:42:37 AM
 #810

safety is not 100% but there is proceedure that we follow that make things to follow due process and if follow due process it will be very hard to breakthroug into the account because due process must be followed
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June 21, 2018, 08:55:36 AM
 #811

There's no guarantee to keep your cryptocurriencies secure. This is digital age and there's always danger that makes you lose your assets. Most reliable solution is offline wallets. But even they doesn't give you hundred percent safety. Another key is "do not keep your private key in online resources". Paper wallets cannot be hacked but there's risk to lose it.
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June 21, 2018, 09:03:29 AM
 #812

Bitcoin is basically an instrument which offers various opportunities for everyone who wish to understand what is Bitcoin. If anyone get proper knowledge about what is Bitcoin and environment about it, it will give more clear picture how Bitcoin exactly work. Now if consider about investment in Bitcoin then its just one type of instrumental token which can be transacted and stored electronically. Due to digital asset its very important take all major actions for safety first. Lack of knowledge about security may lead to loss of users equity.




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June 21, 2018, 09:04:22 AM
 #813

Don't worry too much about a hacker, you know why? If you earn in cryptocurrency with just $10000 a month or until 20,000 they won't hack your account since hacking system need more maintenance they will hack only account with a bigger amount on them, but there are some small group of people trying to poke some account so if you're not careful with your account and the site you are using your account may get Phish, and that is your fault.
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June 21, 2018, 09:11:19 AM
 #814

I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
Hackers are not the main threat to the safety of bitcoin. The main reason for the hacking of wallets is the carelessness of the owners. Hackers only threaten exchanges.

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June 21, 2018, 09:11:27 AM
 #815

Yes it is but not at all times and its safety depends upon your care of it. But you can try to secure your money not to be stolen. such as adding 2 factor autentication, update antivirus, be careful on suspicious sites / links, etc and you know it in 1 year using bitcoin. I never loss or problem because i always careful all the time.
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June 21, 2018, 09:16:53 AM
 #816

I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.

I think one of the ways to protect ohr bitcoin is to have a unique password that is difficult to guess. It is an individual responsibility. Also, bitcoin algorithms are difficult to hack. But on the other hand, this is a digital world and safety of our virtual account is hard to guarantee. The good thing about bitcoin is that it is discreet and anonymous and wealthy people’s account are not known.
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June 21, 2018, 09:28:43 AM
 #817

It is safe if you are using a cold wallet or other trusted wallets. And if you have your private key keep it safe. Also on other altcoin it is safe to store your coin on thier official wallet. Avoid storing your bitcoin or altcoin on a exchange wallet for a long time. Just to make sure that our crypto's are away from hacking.

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June 21, 2018, 09:53:28 AM
 #818

Yes bitcoin as an exchange for fiat money is safe because as we all know that these digital currencies are encrypted and it is difficult to decrypt that digital currency. The only thing that makes it fearful to exchange your fiat money to cryptocurrency is the fact that it could be possible to get your digital wallet hack and that is a different story. So you have to be careful in giving your wallet address and of course the private key should be private and should not be given to anybody.

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June 21, 2018, 10:51:41 AM
 #819

As long as your wallet is safe enough, i do not understand why you should be worried about it, because it only depends on the wallet in where you are holding the bitcoins


Totally agree, you wallet must be safe and your computer too. So don’t forget to download nice antivirus and choose reliable wallet. And just be a wise user, don’t upload any suspicious pages or links.

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June 21, 2018, 10:58:08 AM
 #820

There's no guarantee to keep your cryptocurriencies secure. This is digital age and there's always danger that makes you lose your assets. Most reliable solution is offline wallets. But even they doesn't give you hundred percent safety. Another key is "do not keep your private key in online resources". Paper wallets cannot be hacked but there's risk to lose it.
The only undeniable fact on it is you can make sure it is safe but you can't make if it would grow continuosly. Though yes it would grow according to the market demand and according on how would you manage your account but the 100% assurance of  safety can be imposed just make sure that your account is hardly secure enough.
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