Post
Topic
Board Economics
Re: Is bitcoin really secure
by
ralle14
on 20/01/2018, 21:52:45 UTC
Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
As far as i know, bitcoin is secure but it is not safe hackers. If a hacker wants to hack your account or wallet, that hacker will do everything that he can to hack your account or wallet. But to prevent that to happen, make multiple accounts and wallets. Also, just keep your accounts private even to your family and friends. Do not tell your passwords to anyone. In that way, you can secure your bitcoin as well as your money.
Hackers can't force their way to get your bitcoin if you have a secure wallet. Most hacking cases i've read are from bitcoin gambling sites and crypto exchanges just avoid storing big amount of bitcoins online and use a different device to store your bitcions to make your wallet more secure.


Bitcoin is far more secure, and reliable than banks, and centralized financial institutions. Yet it is always labelled as a totally insecure asset by mass media...
In terms of storage bitcoin is secure no doubt about that but in terms of investments it is not.