Ninjastic
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Board Bitcoin Discussion
Re: How safe is Bitcoin? ✅
by
thisappointed
on 16/07/2018, 14:15:51 UTC
Quote from: dasunlanka on July 16, 2018, 01:51:49 PM
Quote from: JamesR1 on June 27, 2018, 08:23:00 PM
Quote from: Naida_BR on June 27, 2018, 08:15:58 PM
The best way to keep your bitcoins safe, is to use a hardware wallet that have stronger cryptography that web wallets.

If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.
Even hardware are not completely safe if some damage occurs to the device with forgetting 25 words to restore old wallet with new device but it still best choice along with paper wallet . right now people fear the dump only because many bought bitcoin at high price .

when someone lost their private key means he help to reduce circulating supply and increase BTC price..he he 

How come? lol. If someone's forgot his private key then it means that bitcoin won't circulate because obviously who will make it circulate of the owner's forgot hos private key, it will just remains on his wallet, meaning it won't affect the price of bitcoin because if he's bitcoin is in his wallet then it couldn't affect since it is not on the market, I hope it make sense.