Is bitcoin dangerous ?

[akiraminai]

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

[Catmony]

# bitcoin payment is anoymous
# bitcoin is decentralized
# bitcoin is not issued by any
# nobody can increase total supply of

This all feature make it different than other currencies that exist and more attractive too. It gives financial freedom..

[tonysitaly]

Bitcoin is not dangerous. I think it needs a bit of time for governments. Perhaps in the near future, most countries will accept bitcoin payment. Bitcoin can improve the efficiency of payment, it is not inflationary, it is lower than the banking industry.

[YRFCHIPOJNP]

sure its getting more dangerous every day

[ShadowBits]

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

Because this is the future! Who would want a type of currency that is easily lost and will get wet when you carry around? But digital currency needs internet though.

[heppot]

Bitcoin is not dangerous. I think it needs a bit of time for governments. Perhaps in the near future, most countries will accept bitcoin payment. Bitcoin can improve the efficiency of payment, it is not inflationary, it is lower than the banking industry.

dangerous only for people who do not know about crytocurrency but still impose an investment because it will suffer a lot of losses if he carelessly without knowing the risks that will happen.

[SamReomo]

Bitcoin isn't dangerous, but its very safe and anyone can use it any time without any worries. Bitcoin was created as a new revolution of this era, because before it the governments were taking huge taxes from currencies which were unbearable for some people. The Bitcoin is the future of the currencies and it is the first one that gave hope and determination to those who were worried about taxes.
It is anonymous and can be used anytime, anywhere, without any restrictions. But, it's also a fact that many criminals are also using Bitcoin to do crime related activities, but it all depends on the users not the currency itself. If you use it for good purposes than its very safe but if someone uses it for crime related activities than its dangerous.

[Anti-Cen]

Bitcoin is not dangerous. I think it needs a bit of time for governments. Perhaps in the near future, most countries will accept bitcoin payment. Bitcoin can improve the efficiency of payment, it is not inflationary, it is lower than the banking industry.

I see lots of inflation and the amount of tokens doubles each time a new fork is created and correct me if i am wrong but Coinbase
creates BTC out of thin air held on account because I cannot see mine in the public block-chain and then we have the new futures market
and derivatives and it is just this sort of activity that has been used to manipulate the price of gold/silver down.

Would be nice for me to get access to these Bit-Gold coins that i think i own because I owned BTC prior to fork but i have a feeling that I can
kiss them good bye myself.

[saharsh89]

I don't think this is the right forum for this question. There is no middle ground on a view around bitcoin, either organizations/people/countries are against it or communities are for it so it is essential that you create an opinion around this on your own on the basis of your understanding and reading/exploring various documents and videos. but it's important that you have a framework to evaluate bitcoin and the concept of cryptocurrency in general.

[delitte]

That was on my mind too, I had so many questions and doubts as well. It' s like bitcoin was courting me but it took many months til I decided to give my Yes. Dangerous, maybe not. Bitcoin is even safer than banks since we are all anonymous here.

[kingragnar]

it depends on the user. If a person makes a mistake using bitcoin it will be dangerous. Especially with the scammer that makes the hype site you can earn on the first one and sooner you will not be aware that your capital is no longer growing or gone in that investment. Gambling online can be considered dangerous because there are so many addicts here that sometimes cause stealth and bitcoin gain and money.so be careful about the need for this kind of field.

[Bitcoinislifer09]

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

I think,it depends on how users handle their accounts because if they don't have a security on their accounts it will be dangerous.It will be a dangerous especially if you are newbie in bitcoin then you don't know how to handle your account.Yes,it has a risk in investing here in bitcoin especially if you are in a higher account so I advise to you to be careful and monitor your security in your account.

[TimtheYoutuber]

In general it is a pretty risky area. I personally invest and spend a lot of time researching the technology however it is important to understand the risk. Right now, no one is able to hack the network because it is fairl "bullet proof" however in 2 years someone might actually be able to and then were doomed.

[mjnick01]

Is bitcoin dangerous? Bitcoin is dangerous today
for unknown reasons
many are trying to imagine having many bitcoins
so it is said that you will be able to get B'Block Mail, you can also be in danger because many want to get your bitcoin
but if you are good at promoting or if you have more wallets you are safe at risk
it's just dangerous to get rid of such a bit of bitcoin in a foreign country you can take
be careful about handling
good luck and god bless

[KevinHD]

Bitcoin, could only be dangerous if you took the risk of investing all of your money onto it. That could dealt some huge regret if bitcoin would fail. It is never been dangerous because it is still man-controlled and powered which can't be stolen nor cheated unlike an AI which learns everything from pieces to huge limitless knowledge.

[Reatim]

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

I suggest you read Satoshi's White Paper to truly understand why bitcoin is made. And what's its purpose.

https://bitcoin.org/bitcoin.pdf

Satoshi wants a system that you can used or transact without any middleman, without trusted third party That's why bitcoin is P2P (Peer-to-Peer), and non-reversible transaction. So you are your own bank. So bitcoin is not dangerous in a sense, because you don't need third party like banks to be able to pay someone in the other side of the world.

Bitcoin dangerous? Obviously it was designed not to, however, criminals has exploited it features and began to used it on their illegal activities, like drugs and hackers and scammers take advantage of it to steal from unsuspecting victims.

[akram143]

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

The real reason for bitcoin invention was to stop hacking online transactions because the online transactions of fiat currency can be hacked by hackers so some unknown community people created bitcoin which cannot be hackable because the transaction was fully anonymous so no one can intrude between your transaction.But now people treating bitcoin as asset because of its price growth.

[mayo2u]

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

I'm not too certain how the text is applicable to the question.

For the answer to "why" read Satoshi Nakamoto's White Paper - we want to have a decentralized currency that cannot be controlled or manipulated by a central authority and which one can use to make anonymous (or in BTC's case) semi-anonymous transactions.

Is it dangerous? Dangerous in what way? To dictators? Yes. To people who don't know the risk in how to create and store passwords? Yes.

[WUWARAOLUOXIANG]

It is always dangerous for people who dont know about it. The fear itself is the strongest enemy, my opinion. >_<

[lighpulsar07]

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

Well in order to answer your question by yourself, go to bitcoin.org and read the white paper for to understand what bitcoin really is and you will understand why satoshi nakamoto created bitcoin but unfortunately, the current state of bitcoin doesn't suppose to happen in white paper the higher transaction costs, slower confirmation time so it might disappoint you if you read the white paper and compare it to the current situation and the situation supposed to happen