Post
Topic
Board Economics
Re: Is Bitcoins safe?
by
agustina2
on 01/07/2016, 16:02:09 UTC
I see that discussion is about safety of wallets, but i think that the topic question is about of whether investing in Bitcoin is safe.
In fact, Bitcoin is still in experimental phase, so it is hard to say that it is completely safe.
To be honest, at the moment, more important it is the belief that Bitcoin succeeds. Wink
Yeah I mean a wallet is only as safe as you make it. A password protected wallet is safer than a wallet in your pocket though is what I believe. The investing is safe imo now that halving is around the corner.

it is correct a digital wallet is more secure than a wallet in our pocket, a robber can rob the wallet in our pocket but they don't know about our digital wallet and so they are protected.
Moreover if you have a 2 factor authentication then you even can sleep by having your laptop opened throughout the night. I think online wallets with 2-FA are the safest ones and better than offline ones.

Web wallets are prone to a similar case like MTGOX saga since we are not holding our private keys here.

Whatever the wallets we preferred let's be cautious. It's still better to use offline wallet since you are the only one to blame if ever the money will got lost.

It's far more not hurtful than all your coins are lost because of using third party.