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Author Topic: Store Bitcoin and keep it safe  (Read 9122 times)

Offline Batch18-19

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Re: Store Bitcoin and keep it safe
« Reply #15 on: March 11, 2021, 09:50:25 AM »
I think paper money is more important than bitcoin in terms of dependence.Because no matter how much paper money you keep to yourself, its value will never go down. However, if you buy Bitcoin or any other digital coin instead of money on paper, the value is likely to go down.However, buying bitcoin is more likely to be profitable than paper money.
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Re: Store Bitcoin and keep it safe
« Reply #15 on: March 11, 2021, 09:50:25 AM »

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Re: Store Bitcoin and keep it safe
« Reply #16 on: March 11, 2021, 02:09:42 PM »
Indeed, Bitcoin can be an asset for the future. You will be very lucky if you bought Bitcoin for a long time and it is still holding onto it today. Can be suddenly rich.
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Re: Store Bitcoin and keep it safe
« Reply #17 on: March 11, 2021, 03:16:52 PM »
Indeed, Bitcoin can be an asset for the future. You will be very lucky if you bought Bitcoin for a long time and it is still holding onto it today. Can be suddenly rich.
In fact, anyone can become very rich if they invest in Bitcoin for a long time even today. But we must take into account the fact that we should store this Bitcoin, and not use it. In this case, who agrees to watch the bitcoin rate, when already this year or next, a person can get from 2 x and more and not use his profit.
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Re: Store Bitcoin and keep it safe
« Reply #18 on: March 11, 2021, 11:54:33 PM »
This is indeed very important for us to say to beginners who are in Bitcoin, how important is the private key to our Bitcoin assets.  Don't let us lose the private key or other people find out about it.  Because usually pemulah is not careful with problems like this.

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Re: Store Bitcoin and keep it safe
« Reply #19 on: March 12, 2021, 03:25:43 AM »
Hardware wallet is a suitable wallet for saving bitcoin.  This wallet will be much safer if bitcoin can be stored.  Other wallets are more likely to be hacked but hardware wallets are less likely to be hacked.  So I think the wallet is a hardware wallet suitable for holding bitcoin.


Offline Malam90

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Re: Store Bitcoin and keep it safe
« Reply #21 on: March 12, 2021, 07:15:34 AM »
Holding private key in safer place is the most thing to hold securely you coins. If you hold your coins in wallets but lose your private key, your tokens will be lost forever. No private key, no tokens- this formula should be realized by every crypto holders. BTW, private key should be stored in safer place so that this can't be disclosed to others.

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Re: Store Bitcoin and keep it safe
« Reply #21 on: March 12, 2021, 07:15:34 AM »


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Re: Store Bitcoin and keep it safe
« Reply #22 on: March 12, 2021, 09:03:24 AM »
It is often said 'not your keys not your money' exchanges is not the safest place to store your crypto assets because anything can happen, there have been cases where people left their assets on exchanges for too long and the exchange fold up without their knowledge, we should always endeavor to put this in our mind.

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Re: Store Bitcoin and keep it safe
« Reply #23 on: March 12, 2021, 11:01:47 AM »
Bitcoin is the most popular cryptocurrency in the world. The price of Bitcoin is increasing rapidly with the passage of time. Because of this, everyone's attention will now be given to Bitcoin. Bitcoin's innocence continues to rise as bitcoin prices rise.
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Re: Store Bitcoin and keep it safe
« Reply #24 on: March 12, 2021, 11:43:26 AM »
Holding private key in safer place is the most thing to hold securely you coins. If you hold your coins in wallets but lose your private key, your tokens will be lost forever. No private key, no tokens- this formula should be realized by every crypto holders. BTW, private key should be stored in safer place so that this can't be disclosed to others.

What about online wallets? Not all of them provide private keys. I admin that this is not safe, but there are wallets like blockchain.com or BitGo that dont look like a scam project and one day disappear. Nevertheless, user is protected the same, by password and 2FA. As as users own wallet is protected by pc password.
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Re: Store Bitcoin and keep it safe
« Reply #25 on: March 12, 2021, 12:57:33 PM »
Best thing to keep our cryptos safe is to follow this: "Not your keys, Not your Crypto". As long as anyone can keep their private key or memoric phase in a safe place, nothing need to be worried as any type of wallet can be used to import wallet to make any type of transections whatever it's an online wallet or desktop/app wallet or hardware wallet.
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Re: Store Bitcoin and keep it safe
« Reply #26 on: March 12, 2021, 04:53:45 PM »
Saving your key means saving our assets. Although we have the keys, we may also have the potential to lose our assets because of hackers, phishing, and also others. That is why being careful and also picky is good enough to secure our assets.
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Re: Store Bitcoin and keep it safe
« Reply #27 on: March 12, 2021, 05:15:34 PM »
There are quite a few options for storing my bitcoins, including buying a hardware wallet, but nevertheless, having found out how expensive it is in price, I prefer to use mobile applications, receiving passphrases as a key and hope for a good safety and security of my assets.

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Re: Store Bitcoin and keep it safe
« Reply #28 on: March 12, 2021, 06:05:33 PM »
Yes, sometimes, we lose our key because forgetting where to save it or because our device is broken or because it is stolen or hacked. Moreover crypto is now a very precious asset to have. So far, we must back up our keys in order to still keep them safe

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Re: Store Bitcoin and keep it safe
« Reply #29 on: March 12, 2021, 06:49:32 PM »
This situation may take a little longer. First of all, bitcoin is still very slow in transferring and the commissions are very high due to the densities that are currently on the network. First of all, these must be overcome. Maybe other alternative coins could be the solution. Bitcoin seems to be more of a crypto currency that functions as gold.

 

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