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Author Topic: Is bitcoin dangerous ?  (Read 5702 times)
matthewtherry
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January 23, 2018, 06:21:55 PM
 #1001

I think it's dangerous only if you don't know how to manage it. It's important to be informed and to go on with it
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roshanface123
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January 23, 2018, 06:22:45 PM
 #1002

I don't think so , I think it's the future of the world. May be there is a chance to crypto currencies become a world wide accepted currency. Because all the countries have different types and different valued currencies. So there is a chance to co-ordinate in to one currency, if it happens then most probability is for these crypto currency.
Crash21
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January 23, 2018, 06:25:32 PM
 #1003

I don't know what to answer on this question. When currency become popular and strong(  i mean price) it becomes dangerous but we should understand that not many people using bitcoin in bad ways.
otandelapaz
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January 23, 2018, 06:30:51 PM
 #1004

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 ?

"For easier and faster transactions" are some of the few benefits of bitcoin or cryptocurrency in general. It is dangerous because shady people can use  them for their illegal transactions like for illegal drug trades, prostitution, illegal gambling and such. They can use this method of payment because of bitcoin's anonymity. It can also be use for money laundering.
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January 23, 2018, 06:33:45 PM
 #1005

bitcoin is very dangerous because its bubble is very unusual and happens suddenly, coupled with some beginners who can not manage their bitcoin assets. we as part of the investor should be able to manage it though the risk in cryptocurrency is quite high

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the_dump11
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January 23, 2018, 06:48:57 PM
 #1006

Well, besides the fact that bitcoin allows you to make quick and secure transactions on the Internet, it is offered as an alternative to other currencies, including Bumagin money. And I think this is a good alternative
Sean25pogi
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January 23, 2018, 07:23:45 PM
 #1007

In my own opinion, bitcoin is not dangerous. Be mindful when to invest and when no to invest. If you wanna be on the safe side you must resaerch more about it. Perhaps, ask some bitcoin enthusiasts.
ronypro
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January 23, 2018, 07:27:06 PM
 #1008

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 you answer it already its a universal currency.
So yeah fast is one of the very important feature.
I think in future we will leave cash behind and only use bitcoin as currency around the world.
RaphB
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January 23, 2018, 07:32:42 PM
 #1009

With the existence of bitcoin is sure to have a positive impact for many people Because we can search for an online job here.Besides, it can also be reliable as a means of fast and reliable transactions when there is a sudden need.
bitsharks95
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January 23, 2018, 08:18:09 PM
 #1010

I still believe that Bitcoin isn't dangerous, despite some flaws in the original implementation that are coming to light, which make it less than ideal for use as a general purpose currency.
I think Bitcoin is a great idea as it shakes some of our certainties on what money really is. Bitcoin is a disruptive technology in the area of economics. The first real innovation to have come around for quite some time. Smiley
sokokamous
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January 23, 2018, 08:39:55 PM
 #1011

Bitcoin has several important features that set it apart from government-backed currencies.
dietmarfritz59
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January 23, 2018, 08:43:04 PM
 #1012

What do you mean by "dangerous"? Are you meaning risky, because if that is what you mean yes it can be risky. However, it if not dangerous at all. If you are meaning trading bitcoin for illegal items/acts then yes that is dangerous, but that is just like an currency. If you do bad stuff with the currency you could be in danger.

daarul50
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January 23, 2018, 08:51:15 PM
 #1013

Many countries think that bitcoin is dangerous. But their assumption is that the government is not trying to accept and cooperate with bitcoin developers, it will be different if the government accepts bitcoin and it will make it easier for bitcoin users in the country and I am sure users in their country will follow all the regulations they issue as long as benefiting both parties. As an asset to invest definitely bitcoin has risks and dangers because all kinds of investments are already like that.
skymia
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January 23, 2018, 09:04:20 PM
 #1014

in the wrong hands, pretty much anything can be dangerous!

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drfugazi
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January 24, 2018, 09:23:52 PM
 #1015

Of course, too many currencies in each country is making a lot of problems but every country is trying to make things to make their own country better. No one is trying to make it a whole united world by mixing all the countries together. I believe Bitcoin can change this I become the first virtual currency to be used by all kind of people from the whole world. There is not only going to be useful but there is also going to be easier for our future kids.
RaphB
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January 24, 2018, 09:35:16 PM
 #1016

Bitcoin is something that is taken care of by a lot of people who want to make the system safe. Bitcoin is made to make easy digital and wireless transactions.
drfugazi
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January 24, 2018, 09:40:58 PM
 #1017

NO.
Bitcoin is not dangerous. Its actually quite transparant and by nature practically impossible to modify. Welcome to the blockchain.
Aveatrex
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January 24, 2018, 09:56:07 PM
 #1018

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 ?
Bitcoin isn't dangerous if you use it in the right way.Lately people started sing Bitcoin to scam people money since it's irreversible.Also Bitcoin isvolatile don't sell your home to buy Bitcoin,it'sn investment and with investments there is always risk.
Moreover,bitcoin has been created to fight against the normal monetary system where governments and banks controls it and that is subject to crisis.Furthermore,now governments can track your transactions.Bitcoin is anonymous.
In short,if you use bitcoin in the right way there is nothing to be worried about.






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Adeyemi
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January 24, 2018, 10:00:32 PM
 #1019

Bitcoin is not dangerous. For Bitcoin to be classified as dangerous depends on the user and what it's been used for. A knife can both be dangerous and friendly. So, also is Bitcoin.
Hafamot
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January 24, 2018, 10:05:32 PM
 #1020

Digital currencies such as Bitcoin are entirely new form of money. They are neither issued by Central banks ( like banknotes) nor by commercial banks (like deposit accounts). Digital currencies are issued by software protocol in the form of a digital token.
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