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Author Topic: Is bitcoin risky?  (Read 4247 times)

mayuri27

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Is bitcoin risky?
« on: March 16, 2018, 03:36:51 pm »
I dont know its risky or not...but if bitcoins come to an end suddenly what will we do?
If someone hacks our mobile and get access to our wallet then what will we do?
How much secure are we?
How much secure are our bitcoins?

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Is bitcoin risky?
« on: March 16, 2018, 03:36:51 pm »


cryptothief

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Re: Is bitcoin risky?
« Reply #1 on: March 18, 2018, 09:21:01 pm »
Of course investing in Bitcoin is risky, as is any investment which has the potential to give the level of return that Bitcoin does. In terms of keeping your investment safe, the following points might help slightly.

Bitcoin is as safe as any other asset as long as you safeguard it as much as you would anything else. Obviously the ways to keep it safe are different compared to traditional physical assets, but it is just as theft-proof (or not) as cash/cars/gold etc. The amount you own also reflects on how much effort you put into keeping it safe, same as the reason I wouldn't carry around $10,000 in my pocket, but happy enough carrying $50 for a night out.

Some quick tips.

* Only buy it from reputable exchanges (I like this review site, lots of options and graded on a number of factors https://www.bestbitcoinexchange.io/).
* Double (triple) check any addresses that you are sending it from/to - one wrong digit/letter and it's unlikely you will see it again!
* Store it in a cold wallet that only you hold the private key for access (https://trezor.io/ or https://www.ledgerwallet.com/ are two well established and trusted wallets, but there are more out there).
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Re: Is bitcoin risky?
« Reply #1 on: March 18, 2018, 09:21:01 pm »

sakib.bro

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Re: Is bitcoin risky?
« Reply #2 on: March 19, 2018, 10:18:45 am »
this post was made 2 times
u should check the previous topic that was in posted in this thread

dont make a topic which has already been discussed :)

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Re: Is bitcoin risky?
« Reply #3 on: March 27, 2018, 03:27:05 pm »
As I know bitcoin are more secure and hacking isn't impossible but we should careful to use wallet. Don't reply any spam email.

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Re: Is bitcoin risky?
« Reply #4 on: April 12, 2018, 06:49:48 pm »
Just like any other investments, bitcoin is risky. Because of its high volatility, fluctuations could lead to significant losses on the part of the investors. It could also be a subject in cybercrime, and cyberattack.

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Re: Is bitcoin risky?
« Reply #5 on: April 12, 2018, 09:44:46 pm »
Well I will say it is and it is not. Once you make investments, anything can happen. But if you weigh bitcoin, you'll realize that it's a very good coin to hold.  But since it's a crypto, it can die. But then I don't really think it's gonna die.
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Re: Is bitcoin risky?
« Reply #6 on: April 13, 2018, 05:26:04 am »
Indeed. Without a doubt. Sad to say, all investments bring some risk of losing money. Bitcoin is structured to be deflationary. It’s just too volatile. This virtual currency is known for wild fluctuations in price. So remember to invest only those you can afford to lose.

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Re: Is bitcoin risky?
« Reply #7 on: April 13, 2018, 12:59:00 pm »
Maybe because we not know bitcoin is risky and they can't exactly predict it
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Re: Is bitcoin risky?
« Reply #8 on: April 13, 2018, 07:26:58 pm »
Well there's risk in any investment, however we hope bitcoin remain safe and secure.

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Re: Is bitcoin risky?
« Reply #9 on: April 14, 2018, 04:17:03 pm »
I dont know its risky or not...but if bitcoins come to an end suddenly what will we do?
If someone hacks our mobile and get access to our wallet then what will we do?
How much secure are we?
How much secure are our bitcoins?

It is risky for beginners and also for veterans too, when you are in the world of digital crypto currecy you must researh more read all thread here about bitcoin ,altcoin,trading ,mining so that you know more about it and you know what you are going to do. If bitcoin comes to an end maybe it takes for a hundred years we die first before bitcoin come to an end.. Imposible to hack your wallet if you dont give your private key. Your private key is important dont give to others or else you lose your bitcoins or altcoins.
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Re: Is bitcoin risky?
« Reply #10 on: April 15, 2018, 10:56:19 am »
no sir. it is number one currency..so it lovely

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Re: Is bitcoin risky?
« Reply #11 on: April 15, 2018, 01:13:57 pm »
No, not Risky, but all of its accounts are transparent.

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Re: Is bitcoin risky?
« Reply #12 on: April 15, 2018, 03:53:20 pm »
Bitcoin is risky.But there is no such high return giving investment which is not risky.Higher the risk,higher the return.Many investors have already taken the risk of buying bitcoins and have turned their fortune bright.Its up to the people whether to invest or just stay away complaining it a a risky investment.
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Re: Is bitcoin risky?
« Reply #13 on: April 16, 2018, 04:26:50 am »
I do not think that bitcoin is dangerous, because it is just inside the computer and does not eat it, it's really worth your money here, maybe it's a scam here, say you do not invest and do mining.

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Re: Is bitcoin risky?
« Reply #14 on: April 16, 2018, 05:08:10 pm »
I dont know its risky or not...but if bitcoins come to an end suddenly what will we do?
If someone hacks our mobile and get access to our wallet then what will we do?
How much secure are we?
How much secure are our bitcoins?
Bitcoin will never come to an end, perhaps will go down with the end of the world. The best thing to do is to safe yourself from this FUD and get your hands on some BTC. The big bull is about to make another giant leap, and you cannot afford to miss out this time.

Security? Unless you decide to breech the secuirty yourself by a simple mistake you make. You are the master security of your own Bitcoin and no one else.
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