Is it safe for building links now?

[zanuda]

You need to remove/disavow the bad links.
... you should also request a site reconsideration ...

Then you might get answer with another examples of bad links.

Some people say they had to send site for reconsideration several times and some of the links were not bought ones and absolitely natural...

Well that's how Google works nowadays. Good luck and tell us about your progress.

[Roy Milson]

Link building is a part of SEO and It would be never died in SEO. Problem is what kind of link you are creating.

- you are building bulk submission and low quality directory or high quality link

If you build few but high quality and natural back link then it will never get penalized by Google and other Search engine.

[ashleydaniel]

Remove the unwanted poor backlinks and build links from a high PR sites. Link building is always a good method that enhances the ranking and improve the direct visitors to the site.  But the links must be a quality one.

[stonewood]

Make complete backlink analysis of your website. Identify which of them causing problems or giving spam backlinks. There are lot of private tools available for this kind of service. Get premium account in any of these tools & you will succeed in Removing Bad links.

[nashir]

No, Exactly Not dead. But just follow SEO friendly and Must be follow what google want and say. When you do link building (Must be follow Hige Page Rank, Good Authority and Neach ) , at the same times you must be need to do SMM. Because SE needs social signals.