The danger of the cyptocurrencies

[The_Dark_Knight]

I don't see bitcoin is the future money, or new money. I take it like another commodity like silver, gold, oil, etc.
Calling "bitcoin is the future money", or "bitcoin will replace fiat" is the ego of many groups that loving crypto currency too much.
Blockchain technology with the transparency and anonymous transactions, will never be acceptable to any country. Don't think too much with this crypto currency, just trade it, and make some money.

Gold and silver are not commodities, they are money plain and simple since gold and silver has all the characteristics of money, oil in the other hand is a commodity because it does not have all the characteristics of money.

[stadus]

I don't see bitcoin is the future money, or new money. I take it like another commodity like silver, gold, oil, etc.
Calling "bitcoin is the future money", or "bitcoin will replace fiat" is the ego of many groups that loving crypto currency too much.
Blockchain technology with the transparency and anonymous transactions, will never be acceptable to any country. Don't think too much with this crypto currency, just trade it, and make some money.

Gold and silver are not commodities, they are money plain and simple since gold and silver has all the characteristics of money, oil in the other hand is a commodity because it does not have all the characteristics of money.

Some called it commodity since gold is a tangible asset and others call it money, I see it as money and I believe this gold is a good investment overtime. Gold as compared to bitcoin has only a similarity that is it is both valuable but bitcoin for me not just in terms of value is more valuable since it can help the life of the people easier and with it's feature that is anonymous, we will have what we are longing which is to transact online with freedom.

[bering]

I think there is no danger to use bitcoin. Which it is anonymously used. And here it is the beauty of bitcoin.
When your transaction is secure and untracked also there is no tax.
It's really an amazing currency. So the government can't control transactions.

bitcoin not fully anonymous because someone could trace your wallet and i think using cryptocurrency is more danger rather than normal currency because indeed the government can't control bitcoin but if bitcoin illegal in your country and you got hack and losing all of your bitcoin then nothing you can do because bitcoin isn't regulated from the government and once again you must be realize that bitcoin had unstable price movements

[wintermeasures]

yes i support digital and cash less transaction but i disagree with the danger of cryptocurrency because our money would be digital instead of paper currency all there is no need to fear about our digital money wouldn't be anonymous like bitcoin but it will have central agency to control the flow of money and everything would be transparent and good.

[JANGKRIK BOSS]

Presence of bitcoin and received many people menghasirkan the nightmare for many people, they feel threatened because the business which they manage will be threatened, I think, is precisely the existence of bitcoin can be utilized to further improve business, so never fear the presence of bitcoin.

[hajimasan]

I don't fear with digital transaction. i am happy to encounter digital payment in near future and i am really excited for that because it's completely cash less and there would be no tension of caring ATM card or wallet when we go out. And sometimes we do forget to carry wallet do with bitcoin it would not happen because we have smartphone which w.
e carry even to toilets and we don't forget about it. let's welcome cashless transaction. ○

[HarringtonStark]

The word computer will fade overtime. In the future, everything is computerized and the internet would be everywhere and free like oxygen. The internet of things is what they call them.

$ would become like Bitcoins. It will only exist digitaly when paper money is gone.

[margarete11]

I think this innovation is not a danger in itself ! Adapting bitcoin as a way of money is just an alternative money just how we view online banking !Online banking is just an alternative but that doesn't mean cash or paper money will be vanished ! It's very similar with bitcoins don't think that bitcoin will be a worldwide currency because it isn't feasible !

[sir.humus]

One danger is that digital currency is used just like traditional bill-and-coin currency for purchases and online payments, but it's also considered a commodity, just like silver or gold. That means it's just as vulnerable to market fluctuations as any other commodity or stock would be. the market can move up and down—and, as is the nature of a young and active commodity—it can sometimes do so quite wildly.

[Fireblade]

One danger is that digital currency is used just like traditional bill-and-coin currency for purchases and online payments, but it's also considered a commodity, just like silver or gold. That means it's just as vulnerable to market fluctuations as any other commodity or stock would be. the market can move up and down—and, as is the nature of a young and active commodity—it can sometimes do so quite wildly.

actually people are still adopting bitcoin and still less than 1 % people are using bitcoin and in which may be a few hundred are able to use it as currency, while the remaining people still do not have the facility to use bitcoin as currency in local shops, therefore most of the people are using bitcoin as investment and for trading, i think when they will able to use bitcoin for shopping as currency then people will mostly use bitcoin as currency and not investment.

[Doamader]

Bitcoins hasnt die just because were the first crypto currencie, and if altcoins were made some days after bitcoin it would be almost a sure to say that bitcoin could be an altcoin and some other altcoin be into its place, usually when main developers left their projects the community reacts, and usually the coin is forgetted or get a new life. Crypro currencies does allow anybody to make and earn money anytime, the say way that it can eat your money if you dont split your investements over crypto world.

[Qunenin]

One danger is that digital currency is used just like traditional bill-and-coin currency for purchases and online payments, but it's also considered a commodity, just like silver or gold. That means it's just as vulnerable to market fluctuations as any other commodity or stock would be. the market can move up and down—and, as is the nature of a young and active commodity—it can sometimes do so quite wildly.

actually people are still adopting bitcoin and still less than 1 % people are using bitcoin and in which may be a few hundred are able to use it as currency, while the remaining people still do not have the facility to use bitcoin as currency in local shops, therefore most of the people are using bitcoin as investment and for trading, i think when they will able to use bitcoin for shopping as currency then people will mostly use bitcoin as currency and not investment.

Just by your statement, Bitcoin used by 1% of the people in the world and you see it is at 1000$. Just imagine if 50% people uses bitcoin how high the price will be because as demand increases, the price will increase too.
There is no Danger of CrytoCurreny to anyone other than Fiat as, Soon Fiat will be vanished by bitcoins.

[webtricks]

The use of Bitcoin has no danger in its own! Till the users take precautionary steps, it is hardly to breach anyone's Bitcoin. However, the danger of Bitcoin is something more than its usage! It is the threat offered by Bitcoin to country's economy. Bitcoin is untraceable investment. One cannot know which Bitcoin to include in National Income and which not! So it will lead to Capitalist society and an end to Socialist society!

[TastyChillySauce00]

One danger is that digital currency is used just like traditional bill-and-coin currency for purchases and online payments, but it's also considered a commodity, just like silver or gold. That means it's just as vulnerable to market fluctuations as any other commodity or stock would be. the market can move up and down—and, as is the nature of a young and active commodity—it can sometimes do so quite wildly.

actually people are still adopting bitcoin and still less than 1 % people are using bitcoin and in which may be a few hundred are able to use it as currency, while the remaining people still do not have the facility to use bitcoin as currency in local shops, therefore most of the people are using bitcoin as investment and for trading, i think when they will able to use bitcoin for shopping as currency then people will mostly use bitcoin as currency and not investment.

Just by your statement, Bitcoin used by 1% of the people in the world and you see it is at 1000$. Just imagine if 50% people uses bitcoin how high the price will be because as demand increases, the price will increase too.
There is no Danger of CrytoCurreny to anyone other than Fiat as, Soon Fiat will be vanished by bitcoins.

50% Of people around the world use bitcoin is just too dreamy, even I'm sure dollar didn't reach that many users, even if 10% of population in this world were using bitcoin, it would giving a big impact and might sky-rocketing the price due to uncontrollable demand, though it's just (if).

[Tanic]

One danger is that digital currency is used just like traditional bill-and-coin currency for purchases and online payments, but it's also considered a commodity, just like silver or gold. That means it's just as vulnerable to market fluctuations as any other commodity or stock would be. the market can move up and down—and, as is the nature of a young and active commodity—it can sometimes do so quite wildly.

actually people are still adopting bitcoin and still less than 1 % people are using bitcoin and in which may be a few hundred are able to use it as currency, while the remaining people still do not have the facility to use bitcoin as currency in local shops, therefore most of the people are using bitcoin as investment and for trading, i think when they will able to use bitcoin for shopping as currency then people will mostly use bitcoin as currency and not investment.

That is right that there are not so many places that would accept bitcoin directly. But i do not see a problem in it at all. On the internet there is hundreds of different exchangers and fees that they take are not so much actually. For me it is normal to cash out bitcoins first and then to go to buy whatever i want with local currency.

[tabas]

I think this is of concern from some people that their bitcoin will change the existing financial order. we must understand that the world is changing and the problem becomes complex and so we need a new system that could solve the problem.

And that's going to bring the existing financial system in danger. That is making the crypto currencies dangerous but still it depends on the government if they are going to let crypto's eat their financial system. Innovation is always there but it depends on how it is going to be regulated and being used by us.

The governments know about the danger of cryptocurrencies, so if it happens then you have to know they got enough knowlege about them. But if it happens then it is their plan too, to create a single currency around the world.

One world currency is a conspiracy and I guess that is going to happen soon. They may not adopt bitcoin system but I know they will create their very own creation of currency but it is digital and bitcoin-like one. Decentralization is dangerous for the government if they are going to implement it. Killing the government with it is possible.

[aditya6997]

There is no danger in it if you manage it wisely.

[TastyChillySauce00]

There is no danger in it if you manage it wisely.

If you're referring to manage the "security" wisely then it might be true, but, you still have a chance to be hacked and any other things which threatening your security may happen, though, OP here is talking about how if the government rip your money off if you were using cryptocurrencies after the paper money have perished, the government can do anything if it's necessary even robbing their own citizen.

[EdenHazard]

One danger is that digital currency is used just like traditional bill-and-coin currency for purchases and online payments, but it's also considered a commodity, just like silver or gold. That means it's just as vulnerable to market fluctuations as any other commodity or stock would be. the market can move up and down—and, as is the nature of a young and active commodity—it can sometimes do so quite wildly.

actually people are still adopting bitcoin and still less than 1 % people are using bitcoin and in which may be a few hundred are able to use it as currency, while the remaining people still do not have the facility to use bitcoin as currency in local shops, therefore most of the people are using bitcoin as investment and for trading, i think when they will able to use bitcoin for shopping as currency then people will mostly use bitcoin as currency and not investment.

Just by your statement, Bitcoin used by 1% of the people in the world and you see it is at 1000$. Just imagine if 50% people uses bitcoin how high the price will be because as demand increases, the price will increase too.
There is no Danger of CrytoCurreny to anyone other than Fiat as, Soon Fiat will be vanished by bitcoins.

50% Of people around the world use bitcoin is just too dreamy, even I'm sure dollar didn't reach that many users, even if 10% of population in this world were using bitcoin, it would giving a big impact and might sky-rocketing the price due to uncontrollable demand, though it's just (if).

lol i even not sure if the whole bitcoin supply can fulfill the demand if then half of world population start using bitcoin actively , it was dreamy indeed but not impossible. as i believe there is nothing impossible .

nothing to worry about bitcoin , people just too anxious on something that even not sure.

[LegendaryMiner]

One danger is that digital currency is used just like traditional bill-and-coin currency for purchases and online payments, but it's also considered a commodity, just like silver or gold. That means it's just as vulnerable to market fluctuations as any other commodity or stock would be. the market can move up and down—and, as is the nature of a young and active commodity—it can sometimes do so quite wildly.

actually people are still adopting bitcoin and still less than 1 % people are using bitcoin and in which may be a few hundred are able to use it as currency, while the remaining people still do not have the facility to use bitcoin as currency in local shops, therefore most of the people are using bitcoin as investment and for trading, i think when they will able to use bitcoin for shopping as currency then people will mostly use bitcoin as currency and not investment.

Just by your statement, Bitcoin used by 1% of the people in the world and you see it is at 1000$. Just imagine if 50% people uses bitcoin how high the price will be because as demand increases, the price will increase too.
There is no Danger of CrytoCurreny to anyone other than Fiat as, Soon Fiat will be vanished by bitcoins.

In fact I don't see convincing arguments to say that the danger is in cryptocurrencies. If one thinks that Bitcoin's existence is a problem for the economy, then surely that person does not understand how Bitcoin works. Or the person has a reasonable knowledge about Bitcoin, but in this case the individual would be demonstrating not to have much knowledge about economics, because history has shown that the more centralized the currency, the worse the situation of the country.