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Author Topic: The reason why Bitcoins is the safest system  (Read 4595 times)
mackhoy
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June 29, 2018, 03:17:51 AM
 #241


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 agree with this. Sometimes, we are fallen on our own dumbness. The security was already given and we are all advised on how to keep our account secure, however, some of the account holders still fail to keep all the info which should be private only. As well, bad wallet can be prevented if we will spend time to research about it so we can refuse from it. Let us all be aware that having crypto tokens/coins must be place safe just as how the bank secure our money.
mika11
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June 29, 2018, 03:18:31 AM
 #242

Every transaction is always bug or hacker attack, it is inevitable. The problem is that security is different in each place and moreover this often leads from personal flaws as you say. Viruses and files that steal information. To secure your property you need to be very careful. I think the current media bank is a place where people trust a lot, and in the future it is not sure.
makutu
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June 29, 2018, 11:21:02 AM
 #243


Bitcoins are the safest place today, Banks are the safest because you have a signature and if something bad happens, you can say and fix it for the owner.
amberthomas
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June 29, 2018, 11:39:29 PM
 #244

Bitcoin will always be a safe currency, only that there are not much people interested onit at the moment,our bitcoin is secure.that is the main reason that is why bitcoin is the safest system.
lepbagong
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June 30, 2018, 12:05:04 AM
 #245

I think why bitcoin is a safe system because bitcoin uses a blockchain and decentralized system. This makes bitcoin only be controlled by the owner. Only the owner of bitcoin can control his bitcoin. In addition, bitcoin is safe because bitcoin offers anonymous facilities. With this anonymous then the owner of bitcoin can make transactions freely without any one person knows. So bitcoin is also safe when used for criminal transactions because it makes bitcoin transaction difficult to trace. That’a a bit of my opinion.

It's been highly acknowledged that it has been made so safe for its users, usually the error occurs because the person's own fault is not from the system

cryptosharon
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June 30, 2018, 12:12:14 AM
 #246

Bitcoin is safe because it is encourage 2FA authentication platform. It is safe once you keep your password and phrase safe.
The best one
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June 30, 2018, 12:12:54 AM
 #247

In my opinion why bitcoin is the safest system?  because The bitcoin has used a blockchain and decentralized system. So bitcoin can only be controlled by the owner. Beside that, bitcoin is very safe because bitcoin offers anonymous facilities. Because bitcoin is  anonymous so  the owner of bitcoin can make transactions freely without anyone is knowing. So bitcoin is also safe when used by criminal transactions because it makes  bitcoin transactions is very difficult to trace. Thank you.
gwyncox.81
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June 30, 2018, 02:13:40 AM
 #248

Bitcoin will always be a safe currency, Be that as it may, in bitcoin exchanges, following is an extremely troublesome activity that is the reason there is an extremely low shot that you can recover your cash on the off chance that you get hacked.
Viranz
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June 30, 2018, 02:16:30 AM
 #249

Bitcoin is a place where virtual currencies are safe to use, because no one can hack the bitcoin if they have security they can keep on their own or can say that only those who know it. Because only you know to login to where your bitcoin is located.
hakertajniak
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June 30, 2018, 08:32:07 AM
 #250

I think because there is no one can move your wallet balance, unlike bank system, they can move our balance.
This is because bitcoin is a decentralized platform. As long as you know your wallet password or key, you can send and transact bitcoin.

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airdnasxela
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June 30, 2018, 08:53:36 AM
 #251

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 .
Well, I absolutely agree on what you have stated. It is close to impossible for anyone to hack one's bitcoin account because of the complex programming that are done to it that is why I agree that bitcoin is one of the safest system available. It is always the person's fault when his account was hacked and it is actually not hacked but your private keys might be exposed that is why someone have got your account.
sultansulaiman10
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June 30, 2018, 08:57:25 AM
 #252

Because Bitcoin currency is the only decentralized currency that no money controls by anyone. this bitcoin project is very easy to transact here and there are so many opportunities or invest in it, so that's why the safest currency is bitcoin.
auliani2000aa
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June 30, 2018, 09:17:56 AM
 #253

Because the bitcoin currency has a virtual currency system and each transaction detects by the team, also on every user has a private key and is known only to the users of each. Therefore Bitcoin is a very strict Cryptocurrency currency base of security for shareholders as well as people who want to save bitcoin currencies.
hacekd
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June 30, 2018, 11:45:56 AM
 #254

bitcoin has a lot of wallets and money exchange and in the wallet or money exchange it has some security that can only be accessed by its users even though hackers can breach at least enough effort to hack some of the existing security keys...

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sultansulaiman10
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June 30, 2018, 01:02:27 PM
 #255

No matter how big in the bank, do you know how many banks end up failing during the end of the recession. What keeps the Bitcoin currency safe or protected is one of its hash power and decentralized. government agencies can confiscate your bank account but they can not do it with your own Bitcoin wallet.
main320
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June 30, 2018, 01:16:10 PM
 #256

Bitcoin is so anchored in light of the fact that you didn't know whether who is the proprietor of one exchange, so you can conceal your character by utilizing it, but I heard some news about it that numerous criminal was utilizing it as an installment technique for doing their guiltiness.
yangdd
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June 30, 2018, 01:18:29 PM
 #257

maybe I can conclude because bitcoin has very strong encryption and bitcoin has blockchain technology that can record all transactions that can make bitcoin very safe if used for all kinds of transactions in the world.
auliani2000aa
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June 30, 2018, 01:20:40 PM
 #258

Because the first Bitcoin currency is deployed in a Blockchain technology that ensures the safest and most convenient transactions. Also how you should handle the information on your wallet or pass through the more important security. In the future hackers will find a hole in the Bitcoin system and may be stolen and lost.
mabell943
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June 30, 2018, 01:39:48 PM
 #259

The main reason behind why bitcoin is the safest system in this industry it
because they are in the rank one that titled the best business among the rest companies in the same field of the business.
mabell943
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July 01, 2018, 03:32:26 PM
 #260

 I think the reason why bitcoin is the safest system because there are systematic and trusted company in this industry because their ability is proven to the public that’s why there are safest.
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