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Author Topic: How safe is Bitcoin? ✅  (Read 6967 times)
DoublerHunter
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July 17, 2018, 12:36:57 AM
 #321

it is also depends on the user if it is careless or slovenly about their information and security well that user need to orient about safety of bitcoin wallet, and other stuff also by the way thanks for sharing your tips.

 Bitcoin is safe, it has advance technology, the security feature are in place, it is only the wallet which is very likely to be hacked, if the password is misplaced by the owner then it is a big lost for such individual.. It is the Responsibility of Bitcoin investors to have well secured place where they keep safe all information about the Wallet, or even about Bitcoin investment.
Bitcoin is indeed safe and it is like the most of the cryptocurrencies in the market, it is all about having a secured process of keeping or saving our back up like passwords and password phrases or back up phrase to recover our wallet. One thing to remember is do not keep your cryptocurrencies in exchanges if you don't want to get screwed.

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July 17, 2018, 12:47:04 AM
 #322

There are always a holes for every platform over the internet, you cannot guaranteed 100%. But you can prevent it, specially nowadays that cryptocurrency becomes popular to every community, so there are many hackers started to do some bad things.





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pakhitheboss
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July 17, 2018, 12:59:54 AM
 #323

Bitcoin is well known for its safety, it is much safer than other investing options. Here every transavtion is present on public domain because of Blockchain technology. Umtil and imless you loose your Bitcoin wallets Privatekey or somehow if you wallet gets compromised, it is perfectly safe.
The only risk involved  in investiog in Bitcoin is the volatility of the market. That is why in a single day you may loose a lot and at the same time gain a lot.

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July 17, 2018, 02:23:24 AM
 #324

I think my bitcoin will be safe if only you can find out your private key because it is difficult to open the wallet because of the combination of private key so that it is difficult to be hacked but we can not say 100% full security because many hackers in this world so for me it is good if you have many wallets and your bitcoin will be divided into each wallet so that if your wallet will hack all the bitcoin you will not hack.
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July 17, 2018, 02:37:08 AM
 #325

There are always a holes for every platform over the internet, you cannot guaranteed 100%. But you can prevent it, specially nowadays that cryptocurrency becomes popular to every community, so there are many hackers started to do some bad things.
In terms of cryptocurrency and if you want to be safe then you can just put your cryptocurrencies in an offline wallet like a paper wallet or a hardware wallet where you can store them in there and don't worry about the risk of getting hacked anymore since they are 100% hack proof from the hackers because it is an offline wallet.

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Arkham Knight
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July 17, 2018, 02:38:55 AM
 #326

I just follow everything that a profession and experienced bitcoin enthusiast shared in this forum. I also listen to people who made mistakes that lead for them on getting hacked. I just avoid the bad things and apply the good things and it make all my bitcoin always safe.
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July 17, 2018, 02:43:01 AM
 #327

Bitcoin was created in such a way that the full autonomy of the Bitcoin wallet belongs to the holder of the wallet, hence absolute security is in the care of the wallet user. How safe you keep your log in details determines the security of your Bitcoin.

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July 17, 2018, 02:56:28 AM
 #328

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?

To ensure the safety of our property, especially to protect our altcoins, we should buy a cold wallet and store all the altcoins in that wallet. It's a very cool wallet and most hackers can not get into it because it's offline. When you use it to start online but your usage time is short so the hackers do not have enough time to penetrate. So I advise people to buy a cold wallet.

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July 17, 2018, 08:40:35 AM
 #329

Bitcoin has no such safety net.
To make your bitcoins safe you should always use a wallet or exchange that uses cold storage.
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July 17, 2018, 08:57:41 AM
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 #330

It's depend upon your use. How does do you keep your bitcoin its really matter. its your own hand how much importance do you give to it. Nowadays hacking attack are increasing continuously. Hacker do their best to hack the account. That's why we need to thinks two steps ahead from that. We have to stated using offline or hardware wallets to keep safe our bitcoin.

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July 17, 2018, 10:03:52 AM
 #331

The most ideal approach to protect your bitcoins, is to utilize a hardware wallet that have more grounded cryptography that web wallets. In the event that you store your coins in trades you are well on the way to lose them, since trades get the most digital assaults.
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July 17, 2018, 10:11:24 AM
 #332

for us bitcoin is also very safe we use to earn a much better profit every day, because bitcoin is also a good investment that we hold in the long run.
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July 17, 2018, 10:17:42 AM
 #333

bitcoin is totally safe i am using bitcoin from last 2 year and value is increasing day by day and i always feel safe and i prefer you all to invest in bitcoin now its a time to hold your bitcoin and after some time you will get good amount thanks
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July 17, 2018, 10:21:49 AM
 #334

The bitcoin is very safe but the question is how secure or safe your bitcoin wallet! To secure my bitcoin wallet, I am using google 2FA Verification, Plus SMS Verification, with recovery phrase code. I think My online wallet is secure enough. I am using Coinbase as a wallet about 4 years running but I never faced any hack or something like that. But the best thing is, Use hardware wallet. So, I am planning to buy a hardware wallet very soon. Use Hardware wallet regularly and write your private key and phrase key in a paper and keep that safe and secure.


man, you're using third party centralized wallet without an access to your private key. Your bitcoins are not in your own hands, but in the hands of third party. it's not secure
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July 17, 2018, 10:31:59 AM
 #335

it is also depends on the user if it is careless or slovenly about their information and security well that user need to orient about safety of bitcoin wallet, and other stuff also by the way thanks for sharing your tips.

We can say that Bitcoin safe in order to keep our bitcoin password in a hard wallet. Because it is very credential of our information the important tips of that, if we are the user we want to be carefull and don't tell from others about that information.
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July 17, 2018, 10:36:44 AM
 #336

Bitcoin has been one of the coin with the highest security level due to its wallets and its sill the best too. Thanks for the information.

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July 17, 2018, 10:40:27 AM
 #337

It will be very safe if you keep it in wallet hardware, my suggestion do not publish or save your private key in the form of online because hacker vulnerable attack in an online network.
nothing guarantees btc will be 100% safe but at least there is a prevention effort from us before any harmful thing happens.
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July 17, 2018, 02:01:46 PM
 #338

I've been working with him for a long time and I can accurately say that this is one of the safest systems in the world. Any action must be confirmed by the person, the work can not do it. I personally trust into bitcoin.
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July 18, 2018, 07:00:26 AM
 #339

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

If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.
Even hardware are not completely safe if some damage occurs to the device with forgetting 25 words to restore old wallet with new device but it still best choice along with paper wallet . right now people fear the dump only because many bought bitcoin at high price .

when someone lost their private key means he help to reduce circulating supply and increase BTC price..he he 

How come? lol. If someone's forgot his private key then it means that bitcoin won't circulate because obviously who will make it circulate of the owner's forgot hos private key, it will just remains on his wallet, meaning it won't affect the price of bitcoin because if he's bitcoin is in his wallet then it couldn't affect since it is not on the market, I hope it make sense.


"That bitcoin won't circulate'' means low circulating supply and low circulating supply will help to increase BTC price with community adoption.. I hope it make sense.

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July 18, 2018, 07:09:23 AM
 #340

In order to keep you safe is you have to be vigilant when doing transaction, always take extra careful before dealing it. Hardware wallet is the best and recommended wallet for your token safety.
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