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Author Topic: The reason why Bitcoins is the safest system  (Read 4600 times)
DoublerHunter
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June 20, 2018, 10:57:16 AM
 #161

Bitcoin has the safest system because it cannot be hacked and those hacks news about bitcoin are only the exchange and not directly bitcoin and that should be a warning for us to not trust the sites or websites that we use to store bitcoin and we should have our own wallet like paper wallet to keep our bitcoin safe from the hackers around.
luckyluigi
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June 20, 2018, 12:18:15 PM
 #162

Digital currency saved from human factor. For me, it is the best reason why to use it. In banks, we have people working with that system. They typing your information into the base system, and sometimes they can make mistakes.
HeartDesire
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June 20, 2018, 12:35:50 PM
 #163

in addition to your view on why bitcoin remain the safest is beause as a bitcoiner you monitor your account daily and you are n control of your investment, you could decide to cash out without any hindrance or limitation on how huch you can withraw or have in your account.
cryptokia
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June 20, 2018, 01:41:46 PM
 #164

"
Bitcoin is so secured because you didnt know if who is the owner of one transaction ,so you can hide you identity by using it,but i heard some news about it that many criminal was using it as a payment method for doing their criminality.

Maybe you are right about the criminal people using it, but I think it the problem of police system inside that country, not connected with Bitcoin."
royalparade01
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June 20, 2018, 02:15:41 PM
 #165

Bitcoin is a crypto currency, that is known as an asset, which it attract to many investors and trader together to buying and selling process to meet up our daily needs, and bitcoin has been serving all the nation together.



Bitcoin is the safest system because it is a decentralized digital currency. It seems like exciting to invest this kind of cryptocurrency.
mmo_online_1981
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June 20, 2018, 02:20:12 PM
 #166

Bitcoin has a huge network of transactional nodes. The present moment. This is the most secure blockchain. To get 51% attack is extremely difficult!
The small altcoin is being affected by this attack!
btcjocan
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June 20, 2018, 03:40:22 PM
 #167

Bitcoin is safe and secure, trough the uses of blockchain. It would be more secure if you are diligent and store your bitcoin properly. No doubt bitcoin is more secure than the average set of credit card.
barcelona 94
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June 21, 2018, 04:57:18 PM
 #168

i think is Because its looks like a digital bank that helps you to earn digital money without loosing anything. You can also pull out the bitcoin you earned
qwertyqwerty
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June 21, 2018, 06:13:48 PM
 #169

Bitcoin is a decentralised currency that cannot be under control of anyone. Its easy to transact in bitcoin and so many opportunities are there to invest in bitcoin. That makes bitcoin safest currency.
cahbagus555
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June 22, 2018, 01:55:52 AM
 #170

Bitcoin more safe than banks. If we have bitcoin wallet and we keep our private key safely, our bitcoin is secure. But many banks accounts hacked and its already in many news.
setialovers
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June 22, 2018, 02:35:19 AM
 #171

In my opinion, bitcoin is the safest system is transaction data spread all around the world and its almost impossible to change it or hack it. With that transaparancy and using blockchain system, no one can duplicate bitcoin
haritha3038
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June 22, 2018, 02:55:02 AM
 #172

Bitcoin is safer due to its localised nature... it's a better-known undeniable fact that bitcoin uses the try to try system of dealing, a system that allows the individual to own total management over his assets... this method makes it troublesome for errors to occur. The owner of Associate in Nursing account ought to be in charge of any error or grievance that arises.
joanshu
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June 22, 2018, 02:55:45 AM
 #173

Bitcoin is the major crypto currency started in the year 2009 Its features are attractive to the mankind world wide Bitcoins network systems and the incorporation of the block chin technology ensures its safety and security  which attracts the global investors.Bitcoin introduces a modern economical systems linked the modern technology which is as against the current economical concepts which we follow at present.Its main features such as decentralized one ,maintains the anonymity and its all transactions are recorded in an electronic ledger with block chain technology..Bitcoins such safer systems are attracted by the global community.


sicnarfwb
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June 22, 2018, 03:50:56 AM
 #174

I agreed that BITCOIN is the safest system among other cryptocurrency as the first leading fiat coin and has a wide network nodes which improved its client transaction for better services, secure processing and encrypted data. BITCOIN is the number 1 leading transaction in the blockchain technology base on the heavy network used and accomodated in banking transaction etc. converted to digital currency which is the BITCOIN.
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June 22, 2018, 12:28:05 PM
 #175

Bitcoin for me is a safest system because no one could trace the transanction youve been doing. Aside from that if you keep your private key with you, your wallet will be safe as well. Bitcoin is like a banking system , you need to invest inorder for your money to grow. Bitcoin is trusted by everybody.

pinoyden
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June 22, 2018, 05:00:57 PM
 #176

Bitcoin for me is a safest system because no one could trace the transanction youve been doing. Aside from that if you keep your private key with you, your wallet will be safe as well. Bitcoin is like a banking system , you need to invest inorder for your money to grow. Bitcoin is trusted by everybody.

first of all , bitcoin is not safe because the price can always fluctuate from time to time due to their volatile nature.  secondly , bitcoin is not a system because it is a currency ( a cryptocurency ) . thirdly , you can posibly be traced  because your public address is clickable/linkable and searchable around the net. fourthly , there is no guaranteed that you will be safe even if you keep your private keys with you. hackers can still hack you and stole your coins without noticing it  , as long as you are conected online . that is why it is recomended to export your coins and keys to a hardware wallet .\\


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Bitcoin is like a banking system , you need to invest inorder for your money to grow.
bitcoin is totally diferent from a bank . and it does not necesarily to invest in order to earn a profit or for your money to grow because there are still alot of ways to earn a bitcoin , not just for buying or investing.
mersal
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June 22, 2018, 05:08:06 PM
 #177

Bitcoin more safe than banks. If we have bitcoin wallet and we keep our private key safely, our bitcoin is secure. But many banks accounts hacked and its already in many news.

In this modern world our money we'll be forever Unique one you silly but bitcoin will be very safe for all the people who want to be safer in his investment and also Gilmore support and prophets virus it will be the best benefit .
bulanso12345
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June 22, 2018, 06:11:11 PM
 #178

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 ,
But still, when talking about traditional banking, i read people falling victim to phising attacks, fake microsoft employees, virusses, exploits, false invoices, money muling, vulnerable banking apps,... on a daily basis...

you know the system behind Bitcoins and the system behind banking system is same .

Could you elaborate? AFAIK, traditional banking depends on centralised relational databases and digitised tapes being exchanged between banks... This is not the same as a decentralised, immutable ledger.

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.
The "advanced form" of cryptography is not "block chain". According to wikipedia:
Quote
Cryptography or cryptology is the practice and study of techniques for secure communication in the presence of third parties called adversaries.[2]
source: https://en.wikipedia.org/wiki/Cryptography

While the defenition of blockchain is:
Quote
A blockchain,originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography.
source: https://en.wikipedia.org/wiki/Blockchain

Blockchain technology uses many cryptographic concepts, but saying that the advanced form of cryptography is blockchain is not correct (imho). It's like saying the advanced form of of an engine is a car.

Because this is a world wide ledger open source no body control on it.And that's DECENTRALIZATION.
nasar
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June 22, 2018, 06:12:01 PM
 #179

Bitcoin is a digital currency, that is known as an asset, which it attract to many investor and trader together to buying and selling process to meet up our daily needs, and bitcoin has been serving all the nation together.
tuturutmunding
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June 22, 2018, 08:20:50 PM
 #180

one of the things that be of bitcoin uniqueness is as a decentralized global transaction cash bitcoin can not be faked and very secure because using the blockchain and cryptography system as a locking password. bitcoin is very suitable to be used as a means of payment no wonder that bitcoin gain high popularity in the investment system
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