IS Bitcoin Safe

[tzortz]

Safe as a banknote.

[mullerdan]

Its definitly safe ! 

[Darude Sandstorm]

Safe as a banknote.

What does that mean exactly? Bitcoin as a technology is relatively safe but does have some weaknesses, but your actual bitcoins are only as safe as you are.

[tzortz]

Yes this.

I mean why dont we make the same question about fiat?

Bitcoin is as safe as fiat.

[MF Doom]

Yes this.

I mean why dont we make the same question about fiat?

Bitcoin is as safe as fiat.

depends though.  my cash in a safe in my house is a lot safer than bitcoins stored on an exchange or 3rd party site.  and using bitcoins can sometimes be tricky, you could copy and paste a wrong address, that wouldn't happend with cash

[amaclin]

Bitcoin is a tool.
Is a hammer safe?

Bitcoin is a ponzi scheme.
Can an investment to a pyramid be safe?

[RodeoX]

Bitcoin is a tool.
Is a hammer safe?

Bitcoin is a ponzi scheme.
Can an investment to a pyramid be safe?

You don't know the definition of a Ponzi scheme. This has been refuted so many times it's ridiculous. Yet, here you people are, still spouting the same old shit.

It's never gona end is it? "Bitcoin is a ponzi" is so 2011. Sadly I think it's just the only kind of financial scam people are aware of, so that's what they say over and over. If they just took 60 seconds to google it they would understand that an open source distributed ponzi is not possible. In a ponzi the CENTRAL AUTHORITY benefits from INVESTMENTS INTO WORTHLESS ASSETS by HIDING the real flow of money.
See what's wrong? There is no central authority, it is not an investment for sale, bitcoin has intrinsic value based on utility, and nothing can be hidden in the code. The only person who got money when you bought bitcoin was the seller. (maybe a few pennies for the miners and a cut for the exchange, if you use one.)

[bitnanigans]

Bitcoin is safe as long as you're careful and cautious about security.

[Syke]

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

The IRS has ruled that bitcoin is property, and thus theft of bitcoins is illegal.

my cash in a safe in my house is a lot safer than bitcoins stored on an exchange or 3rd party site.

Invalid comparison. Your bitcoins stored in a paper wallet in your safe are just as safe as your cash.

[QuestionAuthority]

Bitcoin is a tool.
Is a hammer safe?

Bitcoin is a ponzi scheme.
Can an investment to a pyramid be safe?

You don't know the definition of a Ponzi scheme. This has been refuted so many times it's ridiculous. Yet, here you people are, still spouting the same old shit.j

It's never gona end is it? "Bitcoin is a ponzi" is so 2011. Sadly I think it's just the only kind of financial scam people are aware of, so that's what they say over and over. If they just took 60 seconds to google it they would understand that an open source distributed ponzi is not possible. In a ponzi the CENTRAL AUTHORITY benefits from INVESTMENTS INTO WORTHLESS ASSETS by HIDING the real flow of money.
See what's wrong? There is no central authority, it is not an investment for sale, bitcoin has intrinsic value based on utility, and nothing can be hidden in the code. The only person who got money when you bought bitcoin was the seller. (maybe a few pennies for the miners and a cut for the exchange, if you use one.)

They will just modify the definition until it fits their needs. (Moving the goalposts.)

You can't really win an argument with them. I don't know why I bother.

I don't know why you bother either. There is so much information available online about Bitcoin (how it works, how to be safe, where to spend it, where to buy it) that no one needs to come to this forum and ask questions anymore. This forum isn't even on the first page of a Google search for the word Bitcoin now. People saying Ponzi or asking silly questions deserve nothing more than a flip answer and then move along.

[tzortz]

Exactly this.

With a little research you can have all the answers.

[Slark]

Bitcoin as idea is safe. But people are trying to corrupt every idea when it can bring them money. So use bitcoin and be aware of scammers. Bitcoin itself can't hurt you. People can.

[ruins]

not safe at all, news are spreading all around the world, BTC is stolen by some hackers or others
some measure should be taken to ensecure it.

[Mickeyb]

Bitcoin is much safer than $$$ in your wallet. It is a great idea that needs time to develop. 5 years of no problem functioning witnesses of it's safety. Companies like Overstock and Paypal incorporating it into their payment options are also showing that is safe.

The only thing where is no safe that is coming to my mind is big volatility that is caused by the damn speculators!!

[AviThour]

Bitcoin is e-money which depends on you how to use it. There are many scammers around which will try to scam you and get your coins away from you, Make sure you find a legit buyer or seller for the Bitcoins. Welcome to Bitcointalk.

[tanaka]

It is safe if you know how to handle it and secure it.

[ruins]

Bitcoin is much safer than $$$ in your wallet. It is a great idea that needs time to develop. 5 years of no problem functioning witnesses of it's safety. Companies like Overstock and Paypal incorporating it into their payment options are also showing that is safe.

The only thing where is no safe that is coming to my mind is big volatility that is caused by the damn speculators!!

oh, yeah?
if there isn't any speculator, do u really think it is safe?even our world is at risk
those hackers will attack its platform and black money laundering, illegal trade etc
all these worse thing will surround our life, do you think it is still safe?

[tzortz]

I cannot get your point.

[Divinespark]

I am biased and thnk it is going to be a game changer. You should do your own home work though. Don't take my word for it.

[james martin]

I thought one of the fundamental advantages of cryptocurrencies (including Bitcoin) was that it's impossible to create counterfeit coins.