Quote from: MingLee on August 08, 2016, 04:35:30 PM

Quote from: MFahad on August 08, 2016, 04:11:47 PM

Quote from: ASHLIUSZ on August 07, 2016, 03:11:28 PM

Quote from: Zaduca on August 07, 2016, 10:49:40 AM

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Quote from: Rastadon on August 07, 2016, 07:34:33 AM

Quote from: Superbitzz on August 05, 2016, 10:25:06 PM

that is not right even to think so, it is fact that the price of bitcoin wall coming down to such a low level, bt now falling of bitcoin stop any more because there is a very strong support to bitcoin in 550$ and the price of bitcoin is really trading above 550 USD. and now the people have started buying bitcoin again therefore i am hopeful that the price of bitcoin will increase and not decrease i can expect that the price of bitcoin will easily cross the 1200 USD level at the end of this year 2016.

I do not think the bitcoin price will go below $500 again unless there is another big bad news such as the bitfinex hack.

The probability of that happening is not negligible.
All over the world, exchanges deal with huge amounts of customers' money, and not all of them have fool-proof security measures.
Unfortunately, when some exchange goes under, Bitcoin's price gets affected.

So it is better for the customers to trade at the exchanges, but as soon as they buy the bitcoin, they should withdraw.

If you use an online wallet service, like the one built into most exchanges, there is always the risk that the service will go out of business or steal your funds and claim you withdrew them.

There is huge upside potential, but the risks should not be understated.

There is always a risk involved using wallets in exchanges. A recent example if of bitfinex where people lost a lot of bitcoins. Always Use Desktop wallet as they are more secure.

For most people there probably less of a risk of holding your Bitcoin in an exchange wallet as opposed to any other form of wallet, and that's mostly because of the average Joe not knowing much about PC security. Assuming they get a virus, and the creator intends to go after Bitcoin desktop wallets, it can be a write-off for the person who owns the wallet. Even though there is risk keeping Bitcoin in an exchange, there are some benefits for some people.

You just need the Core Client to create a wallet and copy the address. Then you can ask somebody to sen to that address.