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Author Topic: How safe is Bitcoin? ✅  (Read 7183 times)
devil before evil
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September 06, 2018, 05:17:21 PM
 #921

bitcoin is well for safety but there is a risk of hacking if hacker access your own account then he/she will transfer all the amount from your account.
otherwise bitcoin is safe and wiser decision to invest. you can make profit easily through bitcoin.
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September 06, 2018, 05:20:43 PM
 #922

Bitcoin is safe. Then you have a computer, a mobile phone ... It depends on what you want to take care of your Bitcoins you will download some programs or others, because when it comes to money the least expected program can steal everything.

My recommendation, do not install anything in the same place where you have your wallet.

Naelanikor
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September 06, 2018, 07:12:00 PM
 #923

In my opinion BTC has a very secure system. Of course some elite hackers can find holes but nothing is perfect. People should just follow basic rules of privacy
Btcmaeng18
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September 07, 2018, 01:37:56 PM
 #924

As long as your private keys are safe your bitcoin is safe. Because it is merely impossible to breach into another's wallet without knowing private keys. So keep your private keys safe. Best use offline wallet to ensure security.  
Yes I agree with you. Bitcoin is not totally safe because your account can be hack by anyone but you can protect your account from hackers by keeping it secure and do not share your private or personal information to others. Always make sure that no one can bring you down.
vainnew
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September 07, 2018, 02:00:42 PM
 #925

All in all, Bitcoin is more secure than most existing financial services, Bitcoin protects against identity theft, Bitcoin can be backed up and encrypted to ensure the safety of your money. Although bitcoin is a purely digital currency, it can be kept secure in analog form. Paper wallets can be used to store bitcoins offline, which significantly decreases the chances of the cryptocurrency being stolen by hackers or computer viruses. Moreover, Bitcoin's use of a distributed ledger known as blockchain that gives owners a record of all their transactions that cannot be tampered with because there is no single point of failure.
frey_oh
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September 07, 2018, 02:07:00 PM
 #926

in my opinion, bitcoin is very well known, because it has more security to be careful of attacks by hackers and the best way to secure hackers is to use hardware wallets that have cryptography stronger than web wallets.
sandaru
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September 07, 2018, 02:21:31 PM
 #927

According to my point of view there is nothing wrong itself in the bitcoin but if the owner of the bitcoin act in a panic way it would be a disaster for them. Make sure you store your bitcoin in a safe hardware wallet or recommended online wallet. And the other thing it never give your password to second party and keep it in your posses. And try to be a long term trader and be wise when you are going to invest i bitcoin because you need to invest or buy it in a good position in the market cycle
silentgenius
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September 07, 2018, 02:52:17 PM
 #928

For me bitcoin had no problem.The problem.Bitcoin is safe because there are lot of investor and trading are using bitcoin.It is the best proof that bitcoin is safe.The problems are in the hackers and scammers who ruin the bitcoin not the bitcoin.
EEEian
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September 07, 2018, 02:52:44 PM
 #929

Safe is a relative term.Your fiat dollars are guaranteed to lose 99% of their value. There's no guarantees one way or another with Bitcoin.It's definitely not in a bubble though, if anything it's the pin popping the fiat bubble of negative interest rates and the tokenization of violence.
Kakarot01
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September 07, 2018, 03:51:28 PM
 #930

My bitcoin is sheltered as dependably in my online wallet, I likewise feel that it possibly stolen or hacked in some cases that is the reason I don't place it in only one record, I cashout a portion of my bitcoin and the other I put in my option bitcoin wallet additionally and I introduce antivirus and spyware to my workstation for the best additional safety measures.
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September 07, 2018, 04:01:35 PM
 #931

I think Bitcoin is safe for storing funds because no one can hack bitcoin without knowing private key of wallet. But there is one problem if suppose you have 10 btc and you purchased btc at 9k usd but due to bad market conditions price of bitcoin fallen down to 6K usd, in this case bitcoin is not safe for investment.

Frallen
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September 07, 2018, 04:03:50 PM
 #932

Nowhere to advertise that you have bitcoins
avarnet
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September 07, 2018, 04:06:58 PM
 #933

if I think it's safe for me, because security depends on us running it and securing it. because most people who have lost their bitcoin are their mistakes and negligence
congtuan001122asd
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September 07, 2018, 04:28:30 PM
 #934

I think bitcoin is safer than other digital money. Bitcoin's technology is growing, it's security is high. But bitcoin is also dangerous. All activities and transactions of bitcoin thanks to the internet, you must be very careful. Hackers can take advantage of your negligence to steal your bitcoin.

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kehed90
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September 07, 2018, 04:45:19 PM
 #935

I secure my bitcoin by adding 2 Factor Authentication to provide an extra layer of security to my wallet. 2 Factors Authentication is usually in the form of verification via an SMS pin that will enter the cellphone number that I registered when I made a wallet, or in the form of a Google Authenticator pin that I installed on my laptop or on my smartphone. As a result, every time I want to enter my wallet, I need to be able to enter my e-mail address, password and SMS pin or my GA pin to access my wallet.
Denigmatic
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September 07, 2018, 04:53:31 PM
 #936

In fact, this bitcoin is very safe. Bitcoin gives us privacy in personal data, because bitcoin transactions can be done anonymously. Our personal data also can not be stolen or misused. In addition, we ourselves control our bitcoine to ensure complete safety. If we ourselves are careless, then we will experience huge losses. Since bitcoin is so secure, bitcoin is often used for bad transactions, such as terrorist financing and money laundering.
Tanya78
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September 07, 2018, 09:03:38 PM
 #937

Protect your wallet with a private key and a hardware wallet. Our safety depends on us on how we carry our wallet safely.
AlexandrInt
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September 07, 2018, 09:07:12 PM
 #938

Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.

Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.

Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.

An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer

If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.

But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.

How make you sure to safe your Bitcoins?

On bitcoins in our time can rise, and so it is possible to grow to unrealistic large amounts of money, as this is the currency that made itself felt and did not want to lose this reputation.

Momoamzad
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September 07, 2018, 09:23:45 PM
 #939

bitcoin is now under $7k. but at the end of 2017 it was $19k.  but now a days it downing day by day. to safe bitcoin we must hold out bitcoin rather to sell them. many people are selling at cheap rate this makes bitcoin price lower.

meritbygrace
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September 07, 2018, 09:49:38 PM
 #940

Bitcoin is safe and secure. still alive. Don't panic.
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