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Author Topic: Is bitcoin dangerous ?  (Read 5702 times)
ridwan99
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January 27, 2018, 06:39:43 AM
 #1081

why bitcoin dangerous??? I don't know........ many country why ban there.....??
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Mairiri
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January 27, 2018, 06:47:59 AM
 #1082

I think everyone has the right to make or create a currency. and everyone is also entitled to assess the currency whether useful or harmful. there is nothing wrong in the creation of bitcoin. and bitcoin is not dangerous. there are still many people who misunderstand that bitcoin is harmful. The dangerous thing is if someone wrongly uses bitcoin, using bitcoin for crime and fraud.
aizadelacruz99
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January 27, 2018, 06:52:56 AM
 #1083

For me, Bitcoin is not dangerous, because Bitcoin  is Legit and Bitcoin nowadays are useful and more people engaging in this kind of online job. 
sonbeo2704
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January 27, 2018, 06:57:43 AM
 #1084

BTC king of the king. If you invest BTC you feel dangerous. U should be give up with this environment
dr.cheema
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January 27, 2018, 04:07:21 PM
 #1085

Nahhh Don't Panic!
The cryptocurrency captured headlines in the run-up to Christmas due to its rapid rise, climbing from around $5,000 at the start of November to a high above $19,000 in December?

It fell back from its highs and a cryptocurrency "bloodbath" in recent weeks has seen it fall back to around $10,000. Moves of 5% or even 10% on a day are not unusual.
Justin Dowman
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January 27, 2018, 04:14:34 PM
 #1086

The risks of Bitcoin are the following:

No national federal bank is behind the currency, so if Bitcoin fails there is no authority that can help you
You can loose your local wallet (thats the most likely risk Wink) so you will loose access to your Bitcoins forever
You store your Bitcoins on a central portal, similar to a bank account and this account gets robbed and again you loose all your Bitcoins
Bitcoin looses market cap and trust and the value of Bitcoin is decreasing again
Rabeya
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January 27, 2018, 04:24:53 PM
 #1087

Bitcoin is not dangerous. It is a digital currency. Many countries are thinking Bitcoin to be legalized as a digital currency from the perspective of its blockchain technology. Bitcoin and other coins will dominate future currencies in the world.
stevemichael
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January 27, 2018, 04:29:05 PM
 #1088

According to some people it is or some people think that it is revolution.
I think Bitcoin is not dangerous but there is some regulation who can hold everything.
Because some terrorist use it to kill innocent people so that time it is very dangerous.
Regulation will help to sort out this.

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loof99
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January 28, 2018, 06:02:15 AM
 #1089

In my own opinion, bitcoin would be dangerous and if a lot of countries will ban it. That's horrible. But let's just hope that won't happen. Bitcoin have change lives that's undeniable.
DAN29
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January 28, 2018, 06:04:43 AM
 #1090

No its not. It's just new to the masses that they found this as a pyramiding. Not dangerous at all. Just need explain to them how this works
Spanopohlo
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January 28, 2018, 06:07:58 AM
 #1091

Yeah it really is dangerous.. dangerously addicting for some. We like how volatile Bitcoin is and aiming to buy or invest enough bitcoin when it really falls down to a very low value to be stored until it reaches a high enough value again to be sold. It can be really dangerous to your health, lacking enough sleep and a good appetite for you to keep going. The transaction, trading and but and sell makes it its advantages and not its opposite.

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January 28, 2018, 06:16:35 AM
 #1092

Bitcoin isn't dangerous but countries are afraid from it because they can't control transactions may be used by terrorists and dangerous gangs but those are out of control before founding bitcoin.
But the others using bitcoin for good things and developping it's a nice, easy and secure method of transactions.

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January 28, 2018, 06:22:01 AM
 #1093

# 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..

agree with you sir, everything you convey already represents what bitcoin is. regulation in some countries that prohibit bitcoin trading more into politicization of bitcoin. they know the benefits with the technology offered and generate high value. Perhaps "danger" is a matter of legality, the use of bitcoin for crimes such as terrorism, money laundering, or other crime-related matters. That's one of the causes of bitcoin banned in some countries.

handsomes
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January 28, 2018, 06:23:34 AM
 #1094

I think addiction ofcourse maybe but bitcoin is dangerous is not because bitcoin is a digital transaction its help to get a profit who these bitcoin any country try to legalized the bitcoin so bitcoin is not danger its up to you if you don't have too.
triargiyan
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January 28, 2018, 06:25:10 AM
 #1095

for the hazard and the absence of bitcoin depends on individual individual, if used only for exchange or trade and not to gamble in my opinion harmless bitcoin
Nightmare0619
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January 28, 2018, 06:27:33 AM
 #1096

It is not dangerous but it can be, some will take advantage of the anonymity of btc like transactions for terrorist groups, they can buy illegal rifles and ammunations thru btc transactions and spread it from one place to another. But lets not forget the benefits btc also offers.
sucix
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January 28, 2018, 06:28:00 AM
 #1097

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.

Future of digital currency. Its future of new technology in financial.
But dont ever think that bitcoin can change the fiat money because fiat money is more than important. It never be replaced by anything else.

aakriti
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January 28, 2018, 06:32:48 AM
 #1098

Bitcoin is not release by any government. it is the decentralized crypto currency. No body have control on it. This is a very different type of Currency.
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January 28, 2018, 06:41:01 AM
 #1099

I am concerned about the media's writings and the spokespersons of some business figures. They have bad reviews about bitcoin. Bitcoin is being upgraded and lightning networks reduce the charge and speed up billing. I think the current bitcoin is still a good paying tool.
Dulanjaya
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January 28, 2018, 06:45:29 AM
 #1100

I can say as bitcoin follower that There are some pros and cons. Bitcoin can be used to gain an income and bitcoin used to some transactions and make life easier. Also, There are darken area which can be done using bitcoin such as scam, gambling, also gun dealing. Considering pros and cons we can say some time bitcoin is dangerous some time is not. 
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