Thread: Cryptocurrency
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  #86  
Old 17-12-2017, 04:55 PM
markings markings is offline
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Join Date: Nov 2016
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How safe is Bitcoin?

Probably safer than the investment in Zimbabwe dollars which some may have had. Inflation, zero or negative interest rates are the governments' ways to steal your money legally.

The risk may be similar to the stock market where it is also possible to lose ones investment from one day to another as the Steinhoff debacle has illustrated.

As long as one knows the login credentials, user name and password, one's crypto holdings look safe, but isn't really. You should only invest on exchanges which provide 2FA (2 Factor Authentication). This should keep your money reasonably safe, except when you die. If no one knows the login credentials your investment is lost.