I run Magento 184.108.40.206 and I want to switch to php 7.0.
Is it possible and save to switch to 7.0 with this Magento install?
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Yes, it is possible to migrate 220.127.116.11 from PHP 5.5 to PHP 7. Its not officially supported yet but Inchoo has found the solution to this.
They have developed Magento extension to make Magento compatible with PHP 7.
As of now from Magento 18.104.22.168 PHP 7.0 and 7.1 are officially supported. PHP 7.2 support is not yet official for both Magento 1 and 2.
Short answer is no, it doesn't. Magento CE 22.214.171.124 only supports PHP 5.4 and 5.5 officially. And while PHP 5.6 runs it just fine, it saturates log files with multitudes of warning messages.
Long answer is that it's relatively easy to modify it to run support PHP7. However many extensions are still not PHP7 compatible so you're largely on your own.
Magento has oficially released PHP 7.2 patch for Magento 1 (September 2018), which means inchoo extension is not needed anymore!! if you installed it: Remove this module from your M1 store and use the official patch.
However, you will need to have your store patched. It requires previous security patches to be applied prior to installation. The complete requirements are listed on the download.