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Raja_Salman
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June 04, 2018, 03:47:47 PM |
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Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.
The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.
It's on you how safe you make it .
the higher the risk the greater the benefits of bitcoin investment, I think the security of our investment with our own bitcoin that can do and be careful is always vigilant |
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Suprittandon
Newbie
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Activity: 81
Merit: 0
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June 04, 2018, 04:45:34 PM |
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The following are the reasons for making Bitcoin the safest system.
1. Fantastic tool for investment.
2.Great way of maintaining records for tax purposes.
3. Duplication impossible.
4. Bitcoin is digital and decentralised.
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ladydark
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June 04, 2018, 11:54:48 PM
Last edit: June 10, 2018, 11:56:47 PM by ladydark |
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Yes in bitcoin,we hold our private keys and no bank or government could intervene.So,bitcoin is the safest investment.
Also,our invested money could be devalued by any governments.
More over,our bitcoins remain safe from hacking unless we reveal our private keys carelessly.
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Oppang Inamo
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June 05, 2018, 12:00:52 AM |
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Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.
The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.
It's on you how safe you make it .
The reason why bitcoin is safe because bicoin is digital and decentralized where in it can't be stolen and it has no tax. It can't be falsified so no matter how much you wanted to false your ideas here you cant do it. |
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buttonmc
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June 05, 2018, 06:44:47 AM |
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the safety of your bitcoin wallet depend only for you, how you use it, what protection to use, who knows that you earning bitcoin, it is save system for my opinion
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Captain Sneeze
Member
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Activity: 351
Merit: 11
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June 05, 2018, 06:56:29 AM |
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Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.
The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.
It's on you how safe you make it .
I think the reason why bitcoin is the safest system is because bitcoin is decentralized currency and giving freedom for the users. bitcoin cannot be controlled by the government. |
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Dasinc
Newbie
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Activity: 49
Merit: 0
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June 05, 2018, 07:05:38 AM |
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One of the biggest advantages of bitcoin is that it must be confidential, secure and unmanageable. And of course, it will be on the hands of criminals in dark net. The cryptocurrency gained a terrible reputation as soon as it was used for anonymous money transfer in the process of buying drugs on Silk Road. What ordinary bitcoin users do not understand is that even though their names are protected by a chain of numbers and letters, this does not guarantee their complete anonymity. Most of the exchanges that sell bitcoin, like Coinbase, require that new users have uploaded pictures or even passport. In response, the exchange directly indicates that it will store information about the name, address, phone number of the user up to five years and provide them at the request of the authorities, if necessary. The FBI made it clear that closely watching the development of bitcoin, and therefore the identity of people who use cryptocurrency for illegal activities, will gradually become clear. Of course, not everyone who uses bitcoin is a criminal. In addition, hackers already know that you need to hide the ends in the water. For the most part, only ordinary users should not expect any privacy from bitcoin. At the moment, cash remains the only way to remain incognito.  |
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Zahrowil Qolbi
Newbie
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Activity: 140
Merit: 0
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June 05, 2018, 07:15:16 AM |
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Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.
The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.
It's on you how safe you make it .
of course I agree with this. most people will worry about the security of their storage, but they themselves are usually very careless nature of maintaining security. |
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tegarp90
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June 05, 2018, 08:12:04 AM |
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Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.
The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.
It's on you how safe you make it .
but in the other side, bitcoin is volatile and not really safe enough. There still many outside case about hacking bitcoin or wallet lost. Maybe it cannot improve the security by the system but we can improve security by ourself. |
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ivakar
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June 05, 2018, 03:42:15 PM |
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I think if you are doing everything right and by that I mean all the security measures to protect yourself from hacker attack, then you should be general safe. why generally- because there might be discovered new hacker methods and attacks no one knows about, and they can be used on you, then you can be hacked..
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etron
Member
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Activity: 182
Merit: 10
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June 05, 2018, 04:14:50 PM |
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purses for digital currencies are now almost safe from hackers because they almost have 2FA security other than that network participants have their own private Key which is only known by the owner. This key is tasked like Pin to make transactions, and acts as a personal digital signature.
I strongly agree with your opinion, it is true that blockchain is very safe to consume compared to Bank, so I remember at that time a few months ago so many customers lost their money many customers in our country who lost their savings, it is very painful, just cryptography which I feel right now is the safest. |
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IndigoRed
Jr. Member
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Activity: 196
Merit: 1
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June 06, 2018, 01:57:11 AM |
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The market has somewhat stabilized in the recent past, presenting a safer option for investments as compared to the time bitcoin first emerged years ago. And despite its intangible nature, bitcoin is quite secure. Especially now that we can have wallets to safely store them.
Taking extra precaution won’t hurt too. Never discuss your coins over social media.
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roni12345
Newbie
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Activity: 45
Merit: 0
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June 06, 2018, 03:45:20 PM |
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If you use it correctly then it will be the safest system....if you use perfect and strong security the btc will be a safest system.
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cryptolet
Newbie
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Activity: 229
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June 06, 2018, 05:51:16 PM |
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It all depends on how you use the bitcoin system, if you secure your keys very well it will be safe for you but if you carelessly paste your keys any where it won't be safe for you.
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niz3r_nade
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Activity: 162
Merit: 0
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June 06, 2018, 10:23:05 PM |
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safe or not I think it all depends on us how to keep our private key safely. if we do not keep it safely there will be someone who knows our private key. especially now that more rife is phising, wow this is horrible ...  |
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peterpeterpeter
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Activity: 167
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June 06, 2018, 10:46:09 PM |
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I think because of its security and anonymously when you used bitcoin .
Nobody knows mostly the people who have no idea what Blockchain technology is? So some criminals don't how to commit crimes or possible stealing money from the people who owned bitcoins.
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coinnumber
Jr. Member
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Activity: 504
Merit: 5
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June 07, 2018, 12:55:34 AM |
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The reason why I mainly believe that bitcoin is the safest system here in crypto world is that since I was introduced to cryptocurrency life I have never hard of bitcoin wallet been hacked all like Ethereum, Binanace exchange and lots more. It's the security in bitcoin that boost it price since the holders believe that their funds are safe and secure the hold it for long instead of dumping it and the price keep growing.
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Finestream
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June 07, 2018, 01:43:13 AM |
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The reason why I mainly believe that bitcoin is the safest system here in crypto world is that since I was introduced to cryptocurrency life I have never hard of bitcoin wallet been hacked all like Ethereum, Binanace exchange and lots more. It's the security in bitcoin that boost it price since the holders believe that their funds are safe and secure the hold it for long instead of dumping it and the price keep growing.
Agreed.Bitcoin is the safest system because it makes you control your own account not unlike fiat that when you deposited it in a bank,they will have the full control over your account.And when it happens that your account was stolen or has been hacked,then it will be your own lost because of your carelessness.So be responsible in making your account always safe by keeping your private keys or password,and not sharing it to others. |
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cardo
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Activity: 65
Merit: 0
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June 07, 2018, 02:17:20 AM |
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Bitcoin can send payments anonymously over around borders of the world, Bitcoin technology makes transaction very fast and secured which you could send your assets without any information about you and just your bitcoin address only.
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kirito1614
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June 07, 2018, 02:26:27 AM |
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Bitcoin is one of the most secure framework to contribute on the grounds that it is a decentralized one so there isn't any kind of the controlling specialist over it and because of the namelessness just the purchaser and the vender thinks about the arrangement and its all exchanges are recorded in the electronic record with the square chain technology.The prominent preferred standpoint of the piece chain innovation is that once it is recorded means can't be altered.So the whole arrangement of the bitcoin is discovered most secure and more individuals are pulled in to it for the venture.
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