Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam;

[ropyu1978]

Bitcoin is your digital decentralised finance and it's one of the most secured crypto at this time because you hackers can't brute force and gain access to your keys it's only easier to steal when you are dumb enough to loose it otherwise it's not possible at all.The criminals will not prefer to use it because they are smart unlike you because they know it's not full anonymous and you can still trace the transaction but you may have seen most of the illegal works being carried out by making fiat deals or gold bars.But you can't always blame a currency which is capable of providing your financial freedom if your are positive enough to look at it.

I totally agree with your opinion, all control of bitcoin is in our hands, if we are good at storing all the data we have, and successfully storing the keys we have, I think it is difficult for others to take what we have, it all depends on ourselves we ourselves, gold is good, but gold also has drawbacks, if we are not good at keeping the gold we have, they also easily hack what we have, gold and bitcoin have their respective advantages..

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[LimLims]

If we go directly to the topic, then who said stealing BTC is easy?
Yes you can claim that stealing BTC from noobs is easy. If you don’t know how to protect your own coins, then don’t blame that the rest of the community also doesn’t know.
BTC was popular for his anonymity, and that’s what the criminals take advantage of.
But we can’t yell on BTC for it, if same process happens with Gold, then will you too say the same thing OP?
Waiting for community answers.

[john_nautica]

I totally agree with your opinion, all control of bitcoin is in our hands, if we are good at storing all the data we have, and successfully storing the keys we have, I think it is difficult for others to take what we have, it all depends on ourselves we ourselves, gold is good, but gold also has drawbacks, if we are not good at keeping the gold we have, they also easily hack what we have, gold and bitcoin have their respective advantages..

That is so true that whether gold or Bitcoin, the owners are the one who are responsible for its safekeeping. Criminals will always be there and will always think of ways to succeed in their bad intentions. So, regardless of what asset a person is holding, if one cannot guarantee its utmost security then it can be stolen. Maybe some think that since cryptocurrency is digitalized, wherein digitalization hacking situations are rampant, that is why they think that it can be easily stolen and scammed.

[kawetsriyanto]

Bitcoin is your digital decentralised finance and it's one of the most secured crypto at this time because you hackers can't brute force and gain access to your keys it's only easier to steal when you are dumb enough to loose it otherwise it's not possible at all.

Agree. It is basically quite secure, who makes it is easier to steal is ourselves. If we are careful to store it and keep the private keys in a proper way, then stealing our BTC will be very difficult. Commonly, hackers look for careless BTC users who store their BTC in haphazard ways. But, there are also smarter hackers who try the chance to steal BTC from exchanges by analyzing the weaknesses of the security system. However, hackers only can get access if we give them the chance. So, minimize the chance for the hackers to get access to our BTC wallet address.

[btc-room101]

If we go directly to the topic, then who said stealing BTC is easy?
Yes you can claim that stealing BTC from noobs is easy. If you don’t know how to protect your own coins, then don’t blame that the rest of the community also doesn’t know.
BTC was popular for his anonymity, and that’s what the criminals take advantage of.
But we can’t yell on BTC for it, if same process happens with Gold, then will you too say the same thing OP?
Waiting for community answers.

U didn't even read the OP, that's what I think; You created your own straw argument based on the 'title line' and then answered it. In my op I gave specific examples of which you chose to ignore, surely because you didn't read the post.

[btc-room101]

Being a Bitcoin user for more than a decade, my only question here is this - if Bitcoin is tailor made for the criminals, then why 99% of them are using fiat currency instead of BTC? And compared to the situation we had when dark markers such as Silk Road and Alphabay were running, now the proportion of BTC transactions that can be linked to the contraband trade has plummeted. One of the reasons is that the criminals no longer regard Bitcoin as a "safe" medium. They don't prefer a currency, where each and every transaction is stored in the blockchain.

Why does everybody not read the OP rather than just spouting 'company line' based on the title of post? I have not yet seen a single commenter having shown any sign of having read the OP

[randegibran]

in the handle maybe bitcoin is easier than gold because it is very difficult to be stolen by bad people, and for honest people we can take bitcoin anywhere even when we want to go abroad without the knowledge of bad people who want to steal ours , and this is very different from gold which looks easier for people with malicious intent to steal our gold, so that's where the advantage of bitcoin is that it is easy to carry anywhere when we go anywhere

[DOH!]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;

An honest angle, Gold is not better than bitcoin in this scenario, Gold is easy to lose and consume, bitcoin is not easy, how do you login his wallet, it is difficult to consume bitcoin otherwise must be the owner. It is similar to a person sending bitcoins to the CEX exchange, imagine if they die, will their bitcoins be easily absorbed / stolen?

[rikybrosh]

But the advantage is bigger than the disadvantage. Bitcoin can make the growth of economy increase faster. Bad people use anything to do their crime activity. Those criminals can't prevent law enforcement to do their job only because they use bitcoin. I want to become a person who keep moving forward rather than a person who keep afraid of changes. We may have different opinion, I respect your thoughts.

[shoreno]

Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; PPL lock their gold up, keep their mouth shut, gold lasts forever;
PPL who play BTC, trade it on the exchanges, are just targets, and hardly whales or rich;

your comparing two different scenarios. the first one is investing and the other one is trading but you think gold is more safer when traded face to face?  your life will be at risk but trading with btc is safe because it can be done online without going outside your house.

Bury a LB of gold in the Ground, and 1BTC private-key scratched glass; bury them together come back in 20 years, I can tell u which one exactly will have value, because its a historical fact.

dont forget that more and more people are now discovering btc and the more years will pass the more the value will be added into btc .

[sherenikaw]

I think all investments have their own risks. Likewise with btc, btc investment is a profitable investment but if you are not careful it will be dangerous too. Lots of fraud and theft in it. For example, if we are not careful our assets can be stolen or we follow a scam project, of course it will make big losses. So it would be better if before joining the world of cryptocurrency we should study it well where if we make a decision we will not go wrong. Btc is a crypto that has good prospects to invest in. The skyrocketing price makes investors get big profits. So I think if you want to be a successful investor, you have to be patient and smart in understanding the market.

[dansus021]

Yes lot of scam is comes in crypto and this maybe one of reason people scare about this technology but this can be pretended when we educate ourself and so many platfrom like coinmarketcap learN binance learn and many more will make us more smarter.

I saw many scam is actually comes from new innovation like defi or nft coin which is pretty new on earth

So the keys is educating yourself always #DYOR and #DWYOR and keep your coin on hardware wallet 😎

And you can easir avoid scam

[buwaytress]

The problem today is that the entire BTC narrative is ran by bullshitters and promoters to keep the ponzi alive, like 99% of the paid comments & posts on this forum by to 'influencers' by scammers;

The majority, yeah, I'd agree. But you're unfairly ignoring the good work done by quite a lot of good, very smart people out there, some even on this forum. I learnt a lot from people I met here, and I've learnt to steer clear away from most of the subforums that aren't Bitcoin.

You know what, though? It's not a very different scene than from 20 or 15 years ago with all these digital money ponzis and HYIPs. Don't be mad at Bitcoin, be mad that there's always a scammer out there, and fools are born every minute, so they'll always have plenty to feed on.

Digitalise gold and you'll get the gold bugs falling for the same tricks.

[Vishnu.Reang]

bitmover has already answered the concerns raised by the OP. One question to the OP - if Bitcoin is so attractive to the criminals, then why the usage of BTC for illegal purposes is going down? And increasingly we are hearing reports about BTC from criminal proceedings seized by the authorities. BTC may be easier to use, but it is not anonymous and can be traced back to the individual with some effort. That explains why fiat cash remains the preferred medium for the criminals. And regarding the SHA-256 Algorithm - it will remain safe for the next two decades at least. If needed, the developers will issue a hard fork and move to a more secure algorithm.

[Ararbermas]

Just don't brag what you have right now because of bitcoin, if you really want to protect your self from such issue. Because you don't know what's usually happened to some people who exposed thier self owning bitcoin especially in public places , so if its possible to become anonymous all the time just do it for your safety.

And also when it comes scamming, well it's very common to be honest, wherein even in public places as well there are someone people trying to scam you facw to face, so how about online that most of people can hide their identity and can use fake information in order to scam other people.? All i can say is stay away from them such those unknown people who's offering and promising something, because that's the only way to prevent scam issues.

[Dhoe]

If we go directly to the topic, then who said stealing BTC is easy?
Yes you can claim that stealing BTC from noobs is easy. If you don’t know how to protect your own coins, then don’t blame that the rest of the community also doesn’t know.
BTC was popular for his anonymity, and that’s what the criminals take advantage of.
But we can’t yell on BTC for it, if same process happens with Gold, then will you too say the same thing OP?
Waiting for community answers.

it's true what you said, it all depends on us, how we store it, if we are good at storing our bitcoins, surely our bitcoins will be safe, if someone says bitcoin is easy to hack, I don't agree, because even gold if we don't good at keeping it, will definitely be stolen by others..

[Shasha80]

If we go directly to the topic, then who said stealing BTC is easy?
Yes you can claim that stealing BTC from noobs is easy. If you don’t know how to protect your own coins, then don’t blame that the rest of the community also doesn’t know.
BTC was popular for his anonymity, and that’s what the criminals take advantage of.
But we can’t yell on BTC for it, if same process happens with Gold, then will you too say the same thing OP?
Waiting for community answers.

it's true what you said, it all depends on us, how we store it, if we are good at storing our bitcoins, surely our bitcoins will be safe, if someone says bitcoin is easy to hack, I don't agree, because even gold if we don't good at keeping it, will definitely be stolen by others..

As long as we keep Bitcoin in a safe place with a good security system, and be careful with other people who offer something promising. Our Bitcoin
should be safe and not easily hacked, usually people who are often exposed to fraud and their Bitcoins are successfully hacked, because it does not
keep the Bitcoin it has properly. Actually not only Bitcoin, Gold and fiat are easy to steal if the owner doesn't store them in a safe place and guard
them carefully. I agree it all depends on us, don't blame Bitcoin.

[btc-room101]

Bitcoin and gold both have their own advantages and security risks.
we often hear about bitcoin hacking but it happens purely because of our own fault because we don't take good care of it and carefully, and so does gold which can be lost at any time for example due to robbery caused by our own negligence.

U didn't read the OP, your not addressing the original issues of the OP.

[btc-room101]

Just don't brag what you have right now because of bitcoin, if you really want to protect your self from such issue. Because you don't know what's usually happened to some people who exposed thier self owning bitcoin especially in public places , so if its possible to become anonymous all the time just do it for your safety.

And also when it comes scamming, well it's very common to be honest, wherein even in public places as well there are someone people trying to scam you facw to face, so how about online that most of people can hide their identity and can use fake information in order to scam other people.? All i can say is stay away from them such those unknown people who's offering and promising something, because that's the only way to prevent scam issues.

Well the same for the fool who walks around telling people he has 'gold',

With GOLD of the fools have no gold, and I'm sure most of the people who talk about bitcoin, have no bitcoin.

[btc-room101]

Bitcoin and gold both have their own advantages and security risks.
we often hear about bitcoin hacking but it happens purely because of our own fault because we don't take good care of it and carefully, and so does gold which can be lost at any time for example due to robbery caused by our own negligence.

HOW about reading the OP and responding to the assertions??