Some bolts are reliable. Some are not. The main variables are age, size, rock quality and the skill with which they are placed. It's good to know what you are looking at with bolts, but it can be tricky. The first one below, for example, looked just like a good 3/8" rawl until it came out. The white metal was a clue that it was inferior. It pulled easily and was only 1" long!
Not a good bolt (cheap material not made for climbing:)
Right: Old 1/4" buttonhead: junk. Left: New 3/8" 5 piece: a good replacement if properly placed:
Petzl Long Life: A great bolt unless you want to remove it:
Fixe Triplex: A good bolt designed to be removable (the nut MUST be properly torqued):
Old bolts from a route at The Needles, and a new Fixe Triplex used to replace them: