The danger of the cyptocurrencies

[Capradina]

Bitcoin is surely the first step to this utopia. This days when you come in some place with your card with expecting to pay by it and they say you "only cash is taken here" in the future everything may be opposite - payment with cash can move in the history and everyone will pay through such things as Apple pay or Samsung pay.

I totally though that you will say Bitcoin and got disappointed when you said Apple pay/Samsung pay. Honestly, I've never seen someone use Apple Pay or Samsung Pay. I know a group of people that use bitcoins mainly for payment because we do transactions online. Some still use Paypal despite of the issues that it has. But Apple pay or Samsung Pay? Never heard of them outside this forum.

Before i use bitcoin I used samsung pay but I used it not more than a week because it is very hard for me to use it.
I loved how bitcoin works thats why im using it for morethan a year now.

It's not going to be difficult to use the bitcoin system, because it is made by bitcoin is very easy and can be used by everyone, and could also be used in all places or wherever we are. In addition to the transactions and the systems used are very good, we can also benefit by saving only bitcoin. because the price of the bitcoin has similarities such as gold, so these are all extraordinary profits

[doomistake]

Maybe you are right when you said that Government can stole our bitcoin and other cryptocurrencies whenever they like. We should already accept that fact that most of the people nowadays are worshipping money, that is why they are doing everything to have a lot amount of money in a easy way and that easy way is stealing money in a way that we didn't notice it. But don't you think that if they will always going to steal our bitcoin, let's say that can happen in the future, don't you think that many of the bitcoin users will stop and start protesting about this inequality and injustice? In case that this world will become a cashless world because cryptocurrencies are the one that people are using, then let's just say that this thing would never happen that the Government will of such thing to us.

[farl2web]

Maybe you are right when you said that Government can stole our bitcoin and other cryptocurrencies whenever they like. We should already accept that fact that most of the people nowadays are worshipping money, that is why they are doing everything to have a lot amount of money in a easy way and that easy way is stealing money in a way that we didn't notice it. But don't you think that if they will always going to steal our bitcoin, let's say that can happen in the future, don't you think that many of the bitcoin users will stop and start protesting about this inequality and injustice? In case that this world will become a cashless world because cryptocurrencies are the one that people are using, then let's just say that this thing would never happen that the Government will of such thing to us.

nobody will tell the truth. If one or more beneficial to someone, it will keep up to the last. Although if Bitcoin can offer anonymity to anyone and virtually eliminating the tax, if the first is a case may go unnoticed, it will continue to be a problem.

[coinplus]

We do need machines, and computers does control them, how can you make an exam to know what is wrong with your body? Cryptocurrencies are bringing the best things to the world, returning to the people the power to choose and without any middle man between the transactions.

Although it is good that bitcoins have reduce the risk of scam but actually bitcoins are not being used on physical shops yet at least in the less developed countries but at the same time there is no risk being added by the cryptocurrency because no one is forcing us to use the cryptocurrencies and in fact I have personally never did any transaction under pressure. I use them because I really love the way it works, secure transparent yet decentralized.

[Shenzou]

the only thing i am concerned about is that bitcoin is actually being a way for some hidden governmental agency to control the flow of the money on the internet or a hidden society that wants to take down government control, other than that if bitcoin becomes even more popular it will be used by many bad guys for illegal actions since no one can trace down where it is going , in fact most drug dealers are using it on the blackmarket

[Skarner21]

We do need machines, and computers does control them, how can you make an exam to know what is wrong with your body? Cryptocurrencies are bringing the best things to the world, returning to the people the power to choose and without any middle man between the transactions.

Although it is good that bitcoins have reduce the risk of scam but actually bitcoins are not being used on physical shops yet at least in the less developed countries but at the same time there is no risk being added by the cryptocurrency because no one is forcing us to use the cryptocurrencies and in fact I have personally never did any transaction under pressure. I use them because I really love the way it works, secure transparent yet decentralized.

For now they still not know the benefits of bitcoin and they are just wondering to use it because many news from outside that bitcoin is scam that honestly it depends in you how you manage your bitcoin.. and the other thing is it is not so well known crypto they asking it to other people but they did not know it maybe in the future if more impression and more adoption will come more people will interested to use it they will know the use of bitcoin..

[lol3c]

If the CIA was behind of everything, the hackers would never use Bitcoin as their main currency. The hackers would know all and if Bitcoin was truly owned by the CIA, the hackers would definitely attack it and burn it to ashes. They are smart people who know how to control themselves and others people's computers, as well as the whole Internet. Therefore, I can ensure with you that there is no danger while using cryptos except scammers

[Rinder]

In the general people are able to make money with crypto currencies, being bitcoin or any other altcoin, the thing is that all must research all informations about the altcoin you are going to invest, the top traded coins usually gives you a good reference about potencial.
The only danger is when you turn into a greedy person and invest at ponzis, hyips trying to earn money without doing nothing, those is a marketplace that keeps growing, and all day people loosing their bitcoins to those scam projects.

[jeraldskie11]

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

 I am not sure if that's a good thing. Being dependent so much on computers just scares me.

The cryptocurrency is one of an easy way to earn money and almost of us can't live without Bitcoin. As we can see the fastest growing Bitcoi.
If they think that bitcoin couldn't help them they would remove the Bitcoin for sure. If they saw that bitcoin is not helping the economy since the beginning of Bitcoin they already remove it.

[zahra4577]

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

 I am not sure if that's a good thing. Being dependent so much on computers just scares me.

Your post is based on so many false assuptions.
Why would government want to rip their own people by taking away their money and even if we suppose it for argument's sake,then too they can do it easily with fiat my declaring any denominations useless I.e denominations.
I think btc is safest method of investment

[Fatanut]

If the CIA was behind of everything, the hackers would never use Bitcoin as their main currency. The hackers would know all and if Bitcoin was truly owned by the CIA, the hackers would definitely attack it and burn it to ashes. They are smart people who know how to control themselves and others people's computers, as well as the whole Internet. Therefore, I can ensure with you that there is no danger while using cryptos except scammers

What difference does it make for hackers if they find out that bitcoin is owned by the CIA? As long as they're making money out of bitcoins, they will continue to use it. Fiat money is owned by the government, do criminals mind it? No. Maybe if once the CIA is doing something horrible against bitcoins, then the hackers will do something. Right now, everything's fine for them. Hackers' identities are still hidden because they use bitcoins.

[Toplivecasinos]

I know bitcoin is the future currency but I don't think paper money would be soon goodbye. You have to take a look that to use bitcoi  you need a device and a computer to buy or receive payments. In poor countries they don't even aware of this kind of money and owning one would cost them a fortune for them.

[rajasumi3]

The most danger of bitcoins is that they can become useless very easily in a very short period of time .u can even take them as salary as their price tends to go up and down .so u just cant .and waking up in the morning u see that there is no existense of bitcoins at all .then u dont have anything to do .but to go depressed .

[Xenophoto]

I know bitcoin is the future currency but I don't think paper money would be soon goodbye. You have to take a look that to use bitcoi  you need a device and a computer to buy or receive payments. In poor countries they don't even aware of this kind of money and owning one would cost them a fortune for them.

People think that poor countries or third world countries citizens can't buy a smartphone or a computer. I'm from the Philippines and even those people that only depend on their parents (which are just fish sellers) can buy a smartphone. Maybe it's not some flagship phone like the iPhone6s but it can still access the internet and people can still use bitcoins using it. They manufacture cheap smartphones in my country which most people can afford and the price is getting even more cheaper as time pass by. You can also buy secondhand smartphones which is much cheaper.

[QuestionAuthority]

I know bitcoin is the future currency but I don't think paper money would be soon goodbye. You have to take a look that to use bitcoi  you need a device and a computer to buy or receive payments. In poor countries they don't even aware of this kind of money and owning one would cost them a fortune for them.

Just the opposite, governments can't wait to eliminate paper fiat. With paper money they can't control every aspect of your life. All people will need to do eventually is scan their thumb print at brick-mortar retailers or scan their fingerprint on their computer to make a purchase from their government controlled bank account. My phone already has a fingerprint reader for a password. It wouldn't be hard to make everything everywhere work that way.

You won't need to own any electronic device at all. Just make sure you take your thumbs with you when you leave home in the morning. LOL

The downside would be: No more buying drugs or hookers the government doesn't want you to have.

The upside would be: No more homeless people begging for change because you can't give them any.

[conected]

The most danger of bitcoins is that they can become useless very easily in a very short period of time .u can even take them as salary as their price tends to go up and down .so u just cant .and waking up in the morning u see that there is no existense of bitcoins at all .then u dont have anything to do .but to go depressed .

In some points, you are right. Since Bitcoin was created, there have been many other cryptocurrencies appear with many potentials. However, most of them collapse within a year without any noticed. People who put money into these junk coin apparently lose all of their capital since the price declined dramatically.

[Fatanut]

The most danger of bitcoins is that they can become useless very easily in a very short period of time .u can even take them as salary as their price tends to go up and down .so u just cant .and waking up in the morning u see that there is no existense of bitcoins at all .then u dont have anything to do .but to go depressed .

In some points, you are right. Since Bitcoin was created, there have been many other cryptocurrencies appear with many potentials. However, most of them collapse within a year without any noticed. People who put money into these junk coin apparently lose all of their capital since the price declined dramatically.

That's why ICOs are seen as the new ponzi today. They promise this and that, most especially long term goals, but then abandon it later on. It's really hard to trust and invest in ICOs nowadays that's why most users just join the bounties. They get hyped up at first and after the early investors got their profit, the price just decrease continuously. Worst case is when the dev leaves the project together with the money that they solicited and not even let the early investors earn anything.

[ged00u]

The most danger of bitcoins is that they can become useless very easily in a very short period of time .u can even take them as salary as their price tends to go up and down .so u just cant .and waking up in the morning u see that there is no existense of bitcoins at all .then u dont have anything to do .but to go depressed .

In some points, you are right. Since Bitcoin was created, there have been many other cryptocurrencies appear with many potentials. However, most of them collapse within a year without any noticed. People who put money into these junk coin apparently lose all of their capital since the price declined dramatically.

Yeah and this is very likely to happen at any time. I think this is also the fear of many people when it comes to bitcoin or cryptocurrencies. I've asked many people what they think about bitcoin and most of them said bitcoin is like playing with the Devil, it can take all you money away in  just seconds. And that makes me so frustrated because this will slow down the growth of bitcoin.

[deisik]

I know bitcoin is the future currency but I don't think paper money would be soon goodbye. You have to take a look that to use bitcoi  you need a device and a computer to buy or receive payments. In poor countries they don't even aware of this kind of money and owning one would cost them a fortune for them.

Just the opposite, governments can't wait to eliminate paper fiat. With paper money they can't control every aspect of your life. All people will need to do eventually is scan their thumb print at brick-mortar retailers or scan their fingerprint on their computer to make a purchase from their government controlled bank account. My phone already has a fingerprint reader for a password. It wouldn't be hard to make everything everywhere work that way

I don't think it is a good idea overall. I mean using thumbs to get access to your funds. You seem to have watched a little bit too many fantastic movies about a future where the government controls all aspects of an individual's life. In essence, the government already has everything they might ever want in this respect, and they don't need your thumbs at all. Ordinary payment cards seem to do everything you just enumerated (including hookers and beggars)...

And pickpockets won't have to chop off the fingers of their "clients" at that

[angaper]

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

 I am not sure if that's a good thing. Being dependent so much on computers just scares me.

Actually this altcoin world is full of possibilities, and anyone can predict with accuracy what will occur with the future of economy in the long run.

I don't think current altcoin will completely displace fiat or metals in next years, but I have no doubt that these current economic system will not prevail forever, so I have no doubt that the future will bring amazing surprises for us.