Indeed, if we do not protect our private key or have a strong backup password, bitcoin can be stolen. If our wallet is not secure, hackers can steal our coin using many methods. We need to be careful when selecting a wallet to hold our bitcoins; we cannot store a bitcoin in a wallet that we don't trust because we may still loose it depending on the wallet we choose. We should stay away from any links we come across online as clicking on a link sent to us by scammers can give them access to our wallets. If we allow someone close to us to have access to our wallet while we are holding bitcoin, we still could get scammed. Instead, we should learn about bitcoin and keep it to ourselves, including those who have interest in it.

Bitcoin is an online currency that may be stolen in many different types of methods. To keep our bitcoin safe, we need to protect our private key and use a strong password that is impossible for someone to figure out.