How safe is Bitcoin? ✅

[Marketting324]

It still depends on the person for it to be safe. We all have private keys but that can only be stolen if someone literally steals the file or either you gave it with the passphrase. There are ways to avoid the crime of getting hacked.

[on889519@gmail.com]

Bitcoins are mostly in the hands of whales. It's hard to say it's safe

[PAES23]

The best thing is to use hardwallet, it is the safest because you can only access it through a device and hackers need to get the hardware wallet to hack it. Online wallets are also ok, but you should be responsible for keeping your private key safe.

[on889519@gmail.com]

You mean it's safe for the value or safety of the Bitcoin number. Hard wallets will help keep you safe on the amount of Bitcoin

[HeatherRamsey]

Bitcoin is safe because it is anonymous and hierarchical. And we are the owner of our own wallet who is the only one who can access it. I really like Bitcoin because for me it is really safe way to make financial transactions plus it, it gives me an easy job to do it.

[amwer]

Stories of multi-million dollar hacks have also made it to the headlines time and time again. Take, for instance, the downfall of Mt. Gox, which until February 2014 was the largest Bitcoin exchange in the world, or the NiceHash hack that resulted in $64 million in cryptocurrency being stolen from the Slovenian-based crypto-mining marketplace - Source: Purevpn blog.

[on889519@gmail.com]

What makes Bitcoin secure is that it is a solid block built by billionaires, longtime investors.

[Choy13]

Bitcoin is safe when you know what will you use wallet. If you want to secure it very well use hardware wallet that have a security key or 2FA security. Even hacker they can't hack it unless you store it in some kind of wallet that can easily crack.

[Raidal]

In my opinion, bitcoin is very safe. Bitcoin offers security and protection to its customers. The security of this customer is evidenced by the existence of anonymous facilities where our personal data will not be stolen. Further security, transactions using bitcoin can not be canceled so the transaction is safe from fraud. It's just that the convenience and security of bitcoin is often used for illegal transactions such as money laundering and terrorism financing between countries. This is what bitcoin is labeled insecure when in fact bitcoin is very safe. Because the security of this bitcoin makes illegal transactions through bitcoins difficult to trace.

[Tomcolor]

You can choice them hardware wallet it's can give good safety for your Bitcoin. Actually hacker's can be attack your online wallet but not do that hardware wallet.i also like this hardware wallet.

[Turkish88]

Bitcoin wallet totally safe for now, but quantum computer can find hashes saying scientists.
One of the big problems of qc is it works in their own system and cant be combined with our native

[Keeping Up]

I  elieve that bitcoins security and safety will directly fall upon the owner of it.
No matter how good the technology is if the owner doesnt know the proper ways to protect his/her wallet then the assets will always be in danger.
That is why it is very advisable to know the details in safeguarding your assets before accumulating a substantial amount.
Information about it is already widespread online.
All we have to do is research about it.

[Odlanyer]

Bitcoin is safe if you keep your account properly, your account will safe if you have a strong password that only you will know, you will use online wallet that have stronger cryptography to avoid people who want to hack or stole your wallet.

[Rustandy]

Cryptocurrency that is decentralized and not regulated or guaranteed by the central authority is busy used to transact in various countries. There are some threats that lurk these virtual money users. One of them deals with the issue of Bitcoin storage. Furthermore, another risk associated with Bitcoin is the value of this very famous currency itself is very volatile. And other risks that are not less important come from Bitcoin users themselves, namely the lack of understanding of the nature and workings of this cryptocurrency.

[DoublerHunter]

Bitcoin is safe because it is the most secured cryptocurrency ever in the overall market for the passed years. Bitcoin cannot be hacked and while the other coins called altcoins are getting hacked for a few times since they launched in the market which makes bitcoin look safer than other cryptocurrency and one of the best crypto to serve as store of value.

[Donotfoolme]

the best way to keep your bitcoins safe, is to use a hardware waller that have stronger cryptography that web wallets.
.

[Alan Carey]

There is risk in everything…

Bitcoin isn't mainstream, and it may never be. And yet it would be unwise to ignore it. Some $14.9 billion worth of bitcoins were in circulation in January 2017, and blockchain, the technology underpinning bitcoin, has attracted plenty of attention for its disruptive potential in banking, trading, and even media.

[Samuel Fields]

No it's not.

In fact, safe investments are almost impossible to come across. All types of investments have an upside and a downside. That means there is always a certain level of risk involved. There is the possibility of losing money, no matter how minimal.

That being said. In terms of risk, Bitcoin is far from safe. It is an investment of high risk. This is largely due to the volatility of its price and the absence of exact value.

With high volatility, there is the possibility of a big drop or a big rise in prices. Given that Bitcoin relies on the simply economics of supply and demand to support its prices, the same simple economics could be it's undoing. If everybody starts selling, you will lose money. If there is a strong interest, you will make money. But a smart investor never focuses on the possible wins. His main focus is possible losses he could incur. Based on the metric of volatility then, Bitcoin is highly unsafe.

When it comes to value, we really aren't sure whether Bitcoin is going to be eventually accepted as a store of value or a currency. In investment, this uncertainty spells doom. For an investment to be considered safe, you have to be able to assess it's value and determine it's price. This is something that Bitcoin investors have been unable to do. Most of them refer to it as digital gold, and that it's price depends on consensus. But this only works when it's accepted universally as that. Before that happens, things could really go either way.

Remember, investing with the hope that something will rise in value is called speculation. Being able to value and determine the risks associated with the instrument in which you are investing your money is what investment entails.

Investors might lose some but they make it back somehow. Speculators get rimmed big time.

So the answer to your question, Bitcoin is not a safe investment. At least not yet.

[Donald Johnston]

Nothing is “safe” when it comes to Bitcoins or any other Cryptocurrency for that matter.

The price of Cryptocurrencies are driven on market speculations, and trading demands. One must have an appetite for risk taking when it comes to investing in Cryptocurrencies.

If you are looking to invest into it, my suggestion would be only invest the amount that you won't make you feel bad in case you lose it.

[Zainal-baguz]

if in my opinion bitcoin is now safer than before gan. but if there is a loss of bitcoin it is not a bitcoin but we are not careful in keeping all the assets we have .