The danger of the cyptocurrencies

[ranochigo]

The fear is they are decentralized and at any time they could get banned by government. And the number of scammer and fraud trader are in majority in cryptocurrency and for trading we should first find a legit and honest trader with whom we can deal with cryptocurrency. I have already bought 0.1 and if those get banned then I will get banned from my business.

The decentralised nature of Bitcoin makes it extremely difficult for Bitcoin to be banned. There are over thousands of Bitcoin nodes over the world and the government would have a hard time limiting the use of Bitcoin by banning Bitcoin nodes and websites related to Bitcoin. Even if they do aggressively ban it, users can find another way to use it and it would push it even more underground. The government can however, restrict the number of Bitcoin startups and merchants accepting them. This can at most slow the adoption of Bitcoin.

[goinmerry]

There's a lot of dangers in digital money, well, I don't think Satoshi is from CIA or whatever and I think they don't have interest in "few billions dollars"... The big players can buy all bitcoin and still have money to make a party.

But yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?

Well, there's a lot of risks, so that's why you should not invest all your money in cryptos be smart and trust none.

yeah it is really not possible that satoshi is cia because bitcoins are kinda against governments

It is not against the government, it is to change the way banks are manipulating people.  We have government banks and there are banks that are private, actually most are private. This industry have been robbing people since it started and that have to be changed. Bitcoin is offering that idea.

[~Bitcoin~]

The fear is they are decentralized and at any time they could get banned by government. And the number of scammer and fraud trader are in majority in cryptocurrency and for trading we should first find a legit and honest trader with whom we can deal with cryptocurrency. I have already bought 0.1 and if those get banned then I will get banned from my business.

Bitcoin transaction can't be banned by government but they may limit the amount of bitcoin you can exchange to fiat in your country. Even most of the countries government are being quite supportive towards the use of bitcoin and other will also soon gonna realize the potential of bitcoin.

[delliaerd]

The fear is they are decentralized and at any time they could get banned by government. And the number of scammer and fraud trader are in majority in cryptocurrency and for trading we should first find a legit and honest trader with whom we can deal with cryptocurrency. I have already bought 0.1 and if those get banned then I will get banned from my business.

Bitcoin transaction can't be banned by government but they may limit the amount of bitcoin you can exchange to fiat in your country. Even most of the countries government are being quite supportive towards the use of bitcoin and other will also soon gonna realize the potential of bitcoin.

The only one who fear about the decentralization are banks. I agree that goverment can not banned bitcoin, they only can make a rule that using bitcoin is forbiden on their country. But it is would not be affect becouse goverment can not monitoring all of internet users. Anyway goverment in my country are not prohibit bitcoin as a currency.

[el kaka22]

The fear is they are decentralized and at any time they could get banned by government. And the number of scammer and fraud trader are in majority in cryptocurrency and for trading we should first find a legit and honest trader with whom we can deal with cryptocurrency. I have already bought 0.1 and if those get banned then I will get banned from my business.

The decentralised nature of Bitcoin makes it extremely difficult for Bitcoin to be banned. There are over thousands of Bitcoin nodes over the world and the government would have a hard time limiting the use of Bitcoin by banning Bitcoin nodes and websites related to Bitcoin. Even if they do aggressively ban it, users can find another way to use it and it would push it even more underground. The government can however, restrict the number of Bitcoin startups and merchants accepting them. This can at most slow the adoption of Bitcoin.

Yes, bitcoin or any other crypto currencies could not be stopped being used by imposing any ban. That must be one of the power of decentralization, so the dangers of getting banned is somewhat meaningless with respect to any decentralization system. Government restrictions will not disturb impact the existence of bitcoin system but may affect its growth rate.

[prabowo96]

But yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?

ICOs are different, they are like crowdfunding projects of a cryptoworld. It is far easier to waste/steal/embezzle croudfounding money.
And unfortunately failed ICOs happened before. But wow exactly someone can steal existing, decentralized, open source coin? (I am not talking about likely Ponzi coins like Steem etc.)

We never know Snorek, always have a doubt in your pocket
And well, the biggest 5 miners group take "all" bitcoin, others groups pump the coin... It's not so 100%...

[naidray]

The fear is they are decentralized and at any time they could get banned by government. And the number of scammer and fraud trader are in majority in cryptocurrency and for trading we should first find a legit and honest trader with whom we can deal with cryptocurrency. I have already bought 0.1 and if those get banned then I will get banned from my business.

The decentralised nature of Bitcoin makes it extremely difficult for Bitcoin to be banned. There are over thousands of Bitcoin nodes over the world and the government would have a hard time limiting the use of Bitcoin by banning Bitcoin nodes and websites related to Bitcoin. Even if they do aggressively ban it, users can find another way to use it and it would push it even more underground. The government can however, restrict the number of Bitcoin startups and merchants accepting them. This can at most slow the adoption of Bitcoin.

Yes, bitcoin or any other crypto currencies could not be stopped being used by imposing any ban. That must be one of the power of decentralization, so the dangers of getting banned is somewhat meaningless with respect to any decentralization system. Government restrictions will not disturb impact the existence of bitcoin system but may affect its growth rate.

Yes, I am also seeing people are from some bitcoin banned countries are still saving bitcoin and getting the benefits of using bitcoin as investment.

Maybe they are having some restrictions to spend/use bitcoin in that country but not for saving bitcoins.
Future might change, so they will have bitcoin restrictions lifted out so that they will be freely using for their daily life needs. So, the dangers of getting banned not permanent.

[Doamader]

Op your vision is a wish that crypto world do remove the fiat corrupt system, but its far away for being realistic, bitcoin has been made by Nakamoto with the purpose to return the power to the people, and sure if and we will moove into the digital era, we must have a great security or rules to avoid get the account and money stoled.

[Monnt]

The fear is they are decentralized and at any time they could get banned by government. And the number of scammer and fraud trader are in majority in cryptocurrency and for trading we should first find a legit and honest trader with whom we can deal with cryptocurrency. I have already bought 0.1 and if those get banned then I will get banned from my business.

The decentralised nature of Bitcoin makes it extremely difficult for Bitcoin to be banned. There are over thousands of Bitcoin nodes over the world and the government would have a hard time limiting the use of Bitcoin by banning Bitcoin nodes and websites related to Bitcoin. Even if they do aggressively ban it, users can find another way to use it and it would push it even more underground. The government can however, restrict the number of Bitcoin startups and merchants accepting them. This can at most slow the adoption of Bitcoin.

Yes, bitcoin or any other crypto currencies could not be stopped being used by imposing any ban. That must be one of the power of decentralization, so the dangers of getting banned is somewhat meaningless with respect to any decentralization system. Government restrictions will not disturb impact the existence of bitcoin system but may affect its growth rate.

Yes, I am also seeing people are from some bitcoin banned countries are still saving bitcoin and getting the benefits of using bitcoin as investment.

Maybe they are having some restrictions to spend/use bitcoin in that country but not for saving bitcoins.
Future might change, so they will have bitcoin restrictions lifted out so that they will be freely using for their daily life needs. So, the dangers of getting banned not permanent.

No one could stop bitcoin as long as this world survives or at least our internet system survives. So, the danger of using bitcoin under a country's restrictions will not impact a bitcoiner that much. Country restrictions are already existing, still people are being active in bitcoin related sites using proxies.

[prabowo96]

There's a lot of dangers in digital money, well, I don't think Satoshi is from CIA or whatever and I think they don't have interest in "few billions dollars"... The big players can buy all bitcoin and still have money to make a party.

But yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?

Well, there's a lot of risks, so that's why you should not invest all your money in cryptos be smart and trust none.

yeah it is really not possible that satoshi is cia because bitcoins are kinda against governments

Well, maybe it's a trap or something like that hahahahah we should never have 100% of assurance in nothing, bitcoin users are in their own bubble btw... A government can create an alt and force us to use it if they want

[Decoded]

You're fantasising of a world without money as we know it. There will always be stragglers using paper as their payment method. Remember when kids tried to buy Fallout 4 with bottlecaps?

[eternalgloom]

There's a lot of dangers in digital money, well, I don't think Satoshi is from CIA or whatever and I think they don't have interest in "few billions dollars"... The big players can buy all bitcoin and still have money to make a party.

But yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?

Well, there's a lot of risks, so that's why you should not invest all your money in cryptos be smart and trust none.

yeah it is really not possible that satoshi is cia because bitcoins are kinda against governments

I wouldn't say that it's impossible, maybe unlikely. But Bitcoin is definitely not against governments, Bitcoin isn't against anything.
You could say that the founder was looking for a way to move away from centralized banking, in response to the financial crisis.

[Lorik]

In general, the danger was not to be. But I'm worried about the preservation of bitcoin because of the fact than cryptocurrency proud. This is her anonymity. The fact that this currency can use the bad guys and this can play a cruel joke.

[Milkduds]

Evolution.

Its a natural cycle and when bitcoin meets a wall we will be there for the next move towards a better system.
Bitcoin being corrupt or not is not a aspect I worry about,I presume it is and act accordingly. My grandfather never had a library card because he believed the government looked at what you where reading! If you let a bit of tinfoil into the thinking sphere,you may be better off and prepared down the road.

[marleybobthedog]

The danger is being decentralized. Because of decentralized system government of many natio had already banned in fear of going down in economy. So if the same happen in my country then I would have to suffer lots of about 0. 1btc i know that the amount is not much but these are my hard earned money so it's pains.

[Bitcoinsummoner]

There's a lot of dangers in digital money, well, I don't think Satoshi is from CIA or whatever and I think they don't have interest in "few billions dollars"... The big players can buy all bitcoin and still have money to make a party.

But yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?

Well, there's a lot of risks, so that's why you should not invest all your money in cryptos be smart and trust none.

yeah it is really not possible that satoshi is cia because bitcoins are kinda against governments

I wouldn't say that it's impossible, maybe unlikely. But Bitcoin is definitely not against governments, Bitcoin isn't against anything.
You could say that the founder was looking for a way to move away from centralized banking, in response to the financial crisis.

I think developers in bitcoin dont want to be associated with government since many people and investors anonymous are using bitcoin to deal online anonymously. so if it will happen those invsetors will gone that can affect the value of bitcoin..

[upsidedown75]

There's a lot of dangers in digital money, well, I don't think Satoshi is from CIA or whatever and I think they don't have interest in "few billions dollars"... The big players can buy all bitcoin and still have money to make a party.

But yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?

Well, there's a lot of risks, so that's why you should not invest all your money in cryptos be smart and trust none.

We can see that a lot of altcoins die just after its ICO but that is because the developers after getting a lot of money do not care any more for their currency and the investors do not have much experience and maybe will not have time to work for the currency they have invested in so with no support that coin go die.

But with bitcoin we cannot think like that as it is a major crypto currency and there are a lot of developers working for its success and the investors bring good time for it.

[leowonderful]

There's a lot of dangers in digital money, well, I don't think Satoshi is from CIA or whatever and I think they don't have interest in "few billions dollars"... The big players can buy all bitcoin and still have money to make a party.

But yeah, digital money can disapear, we can se a lot of altcoins going away with ICO money, can you imagine if someone do that with a ready coin?

Well, there's a lot of risks, so that's why you should not invest all your money in cryptos be smart and trust none.

We can see that a lot of altcoins die just after its ICO but that is because the developers after getting a lot of money do not care any more for their currency and the investors do not have much experience and maybe will not have time to work for the currency they have invested in so with no support that coin go die.

But with bitcoin we cannot think like that as it is a major crypto currency and there are a lot of developers working for its success and the investors bring good time for it.

There's also the fact that price drops hard after the ICO and some cryptocurrencies just fail to recover after that. Some just have no reason to be good and are simply ICO coins that get instantly dumped and have no reason. You can invest time in a coin and it won't be successful if investors and users see no reason to invest in it or even just use it; look at Litecoin, it pretty much lost its momentum and the price is going down constantly.

[harizen]

We can see that a lot of altcoins die just after its ICO but that is because the developers after getting a lot of money do not care any more for their currency and the investors do not have much experience and maybe will not have time to work for the currency they have invested in so with no support that coin go die.

But with bitcoin we cannot think like that as it is a major crypto currency and there are a lot of developers working for its success and the investors bring good time for it.

Well in the first place, other altcoin are just made to make some profits. If ever the community will support then the development will continue. That's why I never believe in other altcoin* in terms of technology and future plan or projects circulating in that particulat coin.

But the interesting part here, since other alts are just made for profits purposes* , we can really ride the trend of being a bullish and bearish. Just always take a look at their price especially those new coins on ICO period.

*my own set of alts that fall under the category of profit purposes
*in my own view

[mindrust]

Altcoins have only one aim. Only one.

Making the owners rich again. :p

The only altcoin is worth holding was litecoin but it is pretty much dead too. Was it fontas or gayser can't remember, one of these douchebags killed it.