IS Bitcoin Safe

[raveldoni]

Bitcoin is safe as long as you know how to protect your computer from malwares, viruses and use 2FA on every site you are dealing with bitcoins. Otherwise it's as risky as your bank account can be.

[MarketTime]

Hi! New to Bitcoin---I am just wondering is Bit Coin safe?? I have seen many things about bitcoin.

Brigitte Grisanti

Its safe if you know how to secure your wallet..

[Peegasus]

Hi! New to Bitcoin---I am just wondering is Bit Coin safe?? I have seen many things about bitcoin.

Brigitte Grisanti

Its safe if you know how to secure your wallet..

For you sir, what is the best way to secure one's wallet?

[TonyT]

Hi! New to Bitcoin---I am just wondering is Bit Coin safe?? I have seen many things about bitcoin.

Brigitte Grisanti

OMG Brigitte, you should never use your real name on the internet (just in case you are).

Bitcoin is safe IMO, but it may fall in price, just like a stock.  I think it will.

[ranochigo]

Hi! New to Bitcoin---I am just wondering is Bit Coin safe?? I have seen many things about bitcoin.

Brigitte Grisanti

Its safe if you know how to secure your wallet..

For you sir, what is the best way to secure one's wallet?

Generate a offline key from a linux computer that have not touch the internet. If you don't have one, take a old computer, wipe it and get a USB drive with ubuntu and boot from it. You can create a paper wallet using this tool. Just get the whole zip file and go to your ubuntu computer and generate the private key from there by opening the html file.

[rockyrotcoin]

Hi! New to Bitcoin---I am just wondering is Bit Coin safe?? I have seen many things about bitcoin.

Brigitte Grisanti

Its safe if you know how to secure your wallet..

For you sir, what is the best way to secure one's wallet?

I think that is included in the top 5 rules in the internet.

[bornil267645]

No matter how you try to present it, Bitcoin is still relatively safe. Because the security concern comes into play when you make a misjudgment.

[Dissonance]

bitcoin is safe as long as your private keys are safe.  That is the weak point in the system that needs to be perfected.  Make sure you have a paper backup wallet with your private keys.   With that said use one of the more reputable online wallets such as coinbase, blockchain, etc and you should be fine, just make sure your using a computer with Norton and Mcafee (or similar software) and be careful what you download(good advise even without bicoin)

[adworker]

With hardware wallet Bitcoin can be safe for anybody, I dont believe antivirus really helps much when the normal user downloads and installs all the shit from internet

[TonyT]

bitcoin is safe as long as your private keys are safe.  That is the weak point in the system that needs to be perfected.  Make sure you have a paper backup wallet with your private keys.   With that said use one of the more reputable online wallets such as coinbase, blockchain, etc and you should be fine, just make sure your using a computer with Norton and Mcafee (or similar software) and be careful what you download(good advise even without bicoin)

But there is a problem with BTC that cannot be solved:  what is somebody steals your private keys?  In the real world, you can sue them for theft.  In the BTC world, your money is gone forever.

[MF Doom]

bitcoin is safe as long as your private keys are safe.  That is the weak point in the system that needs to be perfected.  Make sure you have a paper backup wallet with your private keys.   With that said use one of the more reputable online wallets such as coinbase, blockchain, etc and you should be fine, just make sure your using a computer with Norton and Mcafee (or similar software) and be careful what you download(good advise even without bicoin)

But there is a problem with BTC that cannot be solved:  what is somebody steals your private keys?  In the real world, you can sue them for theft.  In the BTC world, your money is gone forever.

You can try to get them in trouble, but it seems like the only people getting in trouble with bitcoin are those irritating governments.  I haven't heard of any person-to-person thefts being prosecuted...yet

[adworker]

But there is a problem with BTC that cannot be solved:  what is somebody steals your private keys?  In the real world, you can sue them for theft.  In the BTC world, your money is gone forever.

In real world when someone steals your pocket wallet, your money is gone forever as well. There is not much police can do in these cases.

[MF Doom]

But there is a problem with BTC that cannot be solved:  what is somebody steals your private keys?  In the real world, you can sue them for theft.  In the BTC world, your money is gone forever.

In real world when someone steals your pocket wallet, your money is gone forever as well. There is not much police can do in these cases.

But there would be repercussions if caught.  Not so much with bitcoins, even if someone could be "caught"

[adworker]

But there is a problem with BTC that cannot be solved:  what is somebody steals your private keys?  In the real world, you can sue them for theft.  In the BTC world, your money is gone forever.

In real world when someone steals your pocket wallet, your money is gone forever as well. There is not much police can do in these cases.

But there would be repercussions if caught.  Not so much with bitcoins, even if someone could be "caught"

Obviously your wrong here. If really caught and proved, by stealing anything of substantional value will get you in problems with justice.

[KIRAZ]

The protocol is safe as it gets but if the coins itself are sitting in pc you are the one who makes it secure or insecure.
Just keep them in paper wallets it's as safe as it gets.

[david wilson]

Virtual currencies, notably Bitcoin, have recently gained traction in the media as potential investment vehicles. Proponents praise their decentralization, convenience, and transparency. Over the past year, they have transformed from black market currencies to viable alternatives for traditional investments and existing currencies.

[Billbags]

The protocol is safe as it gets but if the coins itself are sitting in pc you are the who makes it secure or insecure.
Just keep them in paper wallets it's as safe as it gets.

+1
I no longer keep any coins on a pc. The wallet is our biggest hurdle right now. I think the stand alone hardware wallet will be the security answer. The trezor is a start, but too complex for the elderly. Mycelium has a hardware wallet comming out that looks promising.

[Febo]

Hi! New to Bitcoin---I am just wondering is Bit Coin safe?? I have seen many things about bitcoin.

Brigitte Grisanti

Bitcoin itself is safe. But you need to be careful you dont let someone "use" your computer, since there is your key to access your bitcoin on perfectly safe bitcoin network.

[El Emperador]

With Bitcoin, Money become yours for the first time in history!
If you are able to protect your wallets and the device you use to access your wallets, well, Bitcoin is the safest currency and the safest payment method you can use nowadays 

Welcome to this exciting world!

[Cryptopher]

Is anything safe? People are so careless with information these days, though generally awareness on personal security has improved in recent years.

Bitcoin is as safe as the protocol allows for, personal storage of bitcoins is as safe as you care to bother.