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Author Topic: The reason why Bitcoins is the safest system  (Read 4600 times)
enwi
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August 31, 2018, 06:31:31 AM
 #541

Yes, I agree, because the safe or not the wallet that you have depends on you, can you keep the private key properly and not tell others, if you keep it properly then your wallet will be safe
SofiaClarke743
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August 31, 2018, 06:50:02 AM
 #542

Using the technology of Blockchain technology, relatively high-security structure, development techniques. That may be a safe option for the cryptocurrency market. Especially Bitcoin.
wendiar19
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August 31, 2018, 07:01:26 AM
 #543

yes you are right I agree with you because this bitcoin has blockchain technology that can help the process of sending money safely and comfortably and you can even see the ongoing transactions.

aLLvaro20
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August 31, 2018, 07:29:03 AM
 #544

Bitcoin now uses Blockchain-based data, with a decentralized system of Bitcoin because a completely transparent, safe and easy to use. by prioritizing comfort for bitcoin users, this system the security is very important to secure their assets, but not for overall security because it is not impossible if there is theft because every technology must have its weaknesses and thieves have a more sophisticated system to dismantle asset..
sormin
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August 31, 2018, 02:51:13 PM
 #545

The reason is because he uses blockchain technology. Blockchain can be said to be the server of every bitcoin transaction and it is very decentralized. No one can break into blockchain. Why ? because that is an impossible thing to do.

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August 31, 2018, 02:54:03 PM
 #546

blockchain is what makes bitcoin safe
by using blockchain technology all data transaction flows must be through confirmation
in order to prevent data manipulation
shainasaz
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August 31, 2018, 03:00:14 PM
 #547

We can say that bitcoins is thw safest system because it is connected to the blockchain technology who secure all the transaction ongoing that's why it's very secured.

evenkjoe
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September 03, 2018, 01:53:32 PM
 #548

Most likely, this statement is true, since people who invested money in the crypto currency and lost them in view of the fall of the rate of the latter, initially did not correctly calculate the amount of investments.

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September 03, 2018, 01:56:17 PM
 #549

Indeed, even with the negative stories that appear to surge the news on occasion, Bitcoin is in reality more secure than most other money related frameworks. Setting aside the opportunity to find out about how Bitcoin functions and putting resources into a protected wallet is fundamental in guarding your Bitcoin.
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September 03, 2018, 01:59:26 PM
 #550

It gives impetus to the development of those who have long been in mental stagnation.Bitcoin on the other hand has what we called Blockchain which is decentralized.Bitcoin on the other hand has what we called Blockchain which is decentralized.
cfif123
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September 03, 2018, 02:07:31 PM
 #551

Yes, I agree, because the safe or not the wallet that you have depends on you, can you keep the private key properly and not tell others, if you keep it properly then your wallet will be safe
so true. therefore bitcoin is very safe to save our money because we can strengthen its security. but it depends on yourself for the security too, the problem is that if we can't maintain it properly then we can lose money
Dinuka Sampath
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September 04, 2018, 01:34:09 PM
 #552

Bitcoin is a highly secure one, since it is one of the most valuable money. Since this is a very important thing, bits drinking is heavily guarded by coughers. Customers can continue to run their own transactions without hesitation.
Lokwarr223
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September 04, 2018, 02:02:46 PM
 #553

bitcoin is very well known and has been proven by the public but keep in mind that bitcoin is still at risk when used as an asset or used for trade and investment because of its unstable nature.
ngawethu1
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September 04, 2018, 02:33:48 PM
 #554

There are several reasons why Bitcoins is the most secure system:
- Firstly, as you know, bitcoin is an original one which has the strongest community. So its hard to be destroyed.
- Secondly, Bitcoin now is used in many application and has the highest value now
- The last one which is also the most important thing is that BTC is running under the blockchain technology.
even of its advantages, bitcoin is also a very risk for investors.
Dondisimo
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September 04, 2018, 09:50:26 PM
 #555

I also believe that bitcoin is much safer than classic Bank investments, and for all the time working with bitcoin I have never had any doubts about this.

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September 04, 2018, 10:01:29 PM
 #556

This is one of the reasons why in my time I chose to invest in bitcoin - security, which does not have a Bank account or a gold bar. I can only lose bitcoin on my own stupidity, but no one can steal it from me, or rob me. It's convenient.

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September 04, 2018, 10:04:26 PM
 #557

The reason is because he uses blockchain technology. Blockchain can be said to be the server of every bitcoin transaction and it is very decentralized. No one can break into blockchain. Why ? because that is an impossible thing to do.

You almost got the point here, but you forget to talk about double spends, the cherry on the blockchain cake is the way it manage the double spend transactions, if some one spend the same coin to multiple address,only one will confirm and let the blockchain keep growing without erros, that's why bitcoin is the safest system. Some banks already have a double spend problems and the bad way of manage it makes them lose tons of money.

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deus030518
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September 04, 2018, 11:46:18 PM
 #558

Bitcoin is the safest system because bitcoin is the most known altcoin in the crypto it is also the first digital coin that is made by Satoshi. So the foundation of the bitcoin is hard to destroy, it is also the most used coin in transacting crypto. If you do not have any bitcoin you cannot transact with crypto.
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September 05, 2018, 01:00:38 AM
 #559

Using the technology of Blockchain technology, relatively high-security structure, development techniques. That may be a safe option for the cryptocurrency market. Especially Bitcoin.

Bitcoin secure because with blockchain technology and using decentralized system, hackers can not manipulate transaction data and they can not make duplicate. With decentralized system, transaction data spread all around the world and every computer in the world keep the data and connected with blockchain technology

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September 05, 2018, 01:10:20 AM
 #560

Even though bitcoin is a volatile digital currencies which rises and falls occasionally, I think the risk of investing in it is quite low. This is because the currency may fall at a point in time, but then you will not lose your entire investment. If you can wait for the market to turn green, then you will definitly make a lot of profit.
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