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Author Topic: Is bitcoin dangerous ?  (Read 5702 times)
the rise
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December 13, 2017, 11:57:06 AM
 #121

Dangerous if unregulated and movement becomes very wild, unusual volume increases increase the potential of bitcoin to "bubble" in the future, bitcoin is also dangerous if the crypto hyip business circulation is much more than others so it has the potential to make fiat Inflation in a country and bitcoin will be negatively affected because of the ignorance of many people who generally regard the crypto currency with negative thoughts.

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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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December 13, 2017, 12:10:27 PM
 #122

on my own opinion bitcoin is not dangerous and a lot of people would trust in bitcoin because it's help to our daily needs and all expenses. more countries was accepted bitcoin because it's better to the future of people who work in this forum. but in other countries some governments was against to bitcoin like they said that bitcoin is scam and it's lead to corruption. but for me, no, bitcoin is not scam because many people who trust and support in bitcoin and get more earnings. bitcoin is a job that we need to pay attentioo to work and be a good bitcoiner to know the changes and updates of bitcoin.

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December 13, 2017, 12:10:58 PM
 #123

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 ?
There is ONE thing in this world that only smart people will understand, that thing is called REVOLUTION... I am not wondering why you were wondering though. We are sick and tired of the FIAT scam, there is really no gold reserve at all... the government was never transparent with the money and with its REAL value. But fortunately, BITCOIN is... and that what makes it special.
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December 13, 2017, 12:24:51 PM
 #124

# 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..

I agree with you, a very trustworthy conclusion. Bitcoin gives us real freedom, money is only a shackle in our lives.

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December 13, 2017, 02:34:11 PM
 #125

For me No, bitcoin is not dangerous in all aspects. In fact bitcoin helps every people who invest with them to secure that there will be great for them.
Bitcoin provides excellent quality service and accredited by the government; from this I doubt if bitcoin is going called again dangerous.
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December 13, 2017, 02:50:23 PM
 #126

I personally think that Bitcoin is invention of last 100 years and blockchain is of last 1000 years. But people still don't have understand what is Bitcoin exactly. Without proper information taking dive into decentralized platform which is open source and open for everyone, can make equity loss. 

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 is made for making peer to peer transactions, as something which is in form of digits which, can be used to make transaction electronically.

Here are some of specifications of bitcoins

# 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.

Additionally. Bitcoin is a form of digital and virtual currency which can be accessed electronically only and also can be generated by contributing hash power required for mining to verify transactions and to keep blockchain alive. Mining is an open source process of generation of Bitcoins with proof of work.


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December 13, 2017, 04:26:14 PM
 #127

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 ?

Yes you are right that each country have there own currency the tangible money so the question is why digital money or cryptocurrency is existing just because in the future cryptocurrency is super useful and we called it we have one world currency that in any country you can use your bitcoin to pay and to transact, and if you are using bitcoin in ilegal of course its dangerous but if you are using in a right way of course its useful.
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December 14, 2017, 06:14:09 AM
 #128

Bitcoin represents the new era in financies and payments. It's new technology, new alternative to traditional financialy system, that is how I see it. Bitcoin itself is not dangerous. Maybe it could be if you use it for illegal activities or if you get addicted to bitcoin gambling so you lose a lot of money. So, it's dangerous only in sense of risk especialy for individuals without enough knowledege how it's functioning, can't think of anything else.
It is a source of income for a lot of people and money will be safe if will be invest in bitcoin. it has high price as well because some people think that the changing of price makes bitcoin dangerous and it is wasting a lot of time and money but it is not like this bitcoin has a lot of profit for the users and it will grow your investment as fast as you want but for this you will need some experience and information.
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December 14, 2017, 06:21:14 AM
 #129

In my opinion, bitcoin is harmless, depending on the user for what bitcoin functions, if only transact to positive things that I think are harmless. Smiley
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December 14, 2017, 06:26:53 AM
 #130

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 is not dangerous because there are so many supporters here at bitcoin. Bitcoin is been a long time , until 2010 until now, why you will say that it id dangerous? Bitcoin is the safest online job, no one can banned  bitcoin because there are so many supporters at bitcoin. Bitcoin is very important for the people who want to earn more and become rich.
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December 14, 2017, 06:41:43 AM
 #131

Well, i dont think bitcoin was made to be dangerous but people have made it dangerous in one way or the other. Bitcoin concept was made from my study to promote some wealthy organizations and enhance wealth distribution in the same vein. Because we are actually working hand in hand from different countries and not at the detriment of the source. But another point is that people will look into how they can make theirs out of the flow without legal or direct involvement. That's where the danger extrudes.
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December 14, 2017, 06:47:17 AM
 #132

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 ?
Digital currency makes things easier. This is a goal possessed by the digital currency. The use of digital currency is increasing nowadays, I see that all bitcoin users now use bitcoin to perform financial transactions, now everything can be faster and easier. I've seen this become a tradition and bitcoin is getting more and more used. Any thing related to the economic system must have risks, should be ready to accept the risks including the risk of using bitcoin.
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December 14, 2017, 06:51:23 AM
 #133

#cryptocrash

Indonesia  govt.  Ban bitcoin and crpto.

ETH owner says "Market not worth what it is.. Crash anytime "

BREAKING.. JUST IN:

CRYPTO BULK BLOCK SELL COMING UP...!!
MARKET TO CRASH ANY DAY IN NEXT  FEW WEEK.

Get out of any holding in #bitcoin any other #crypto like #etherum etc. until u have had hold it at a much lower cost.
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December 14, 2017, 07:24:00 AM
 #134

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 was made to make transactions a lot easier and faster. This year, its price increased too much. People grabbed that wonderful opportunity. Because of that, they become rich. I do not see anything bad in Bitcoin. How come did you ask if Bitcoin is dangerous? Bitcoin is not dangerous. Well, in fact, Bitcoin is helping us.

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December 14, 2017, 07:26:56 AM
 #135

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 is not dangerous.
Bitcoin was made to have a complete control of our own money. That is middleman (the banks) is not needed.

This is really good for all people. However bitcoin is yet to be accepted by the majority.
When the time come that bitcoin will be accepted by everyone. Then bitcoin price will go higher than anyone could imagine.
Matimtim
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December 14, 2017, 07:44:53 AM
 #136

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 ?

Dangerous? Bitcoin is just a universal currency, that why all people are able to use it, For me there is no such things to say that bitcoin is dangerous even bitcoin is just a  currency of whole world.

In my own perception, bitcoin was made to have good easy way of earning money, because bitcoin help us to achieve our goal in life even though  we are not working in real world and we are working here.

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December 14, 2017, 07:48:55 AM
 #137

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 me, I think Satoshi Nakamoto made bitcoin because he wants to become billionaire and he also know that our society will more become modern that why he also made modern money.
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December 14, 2017, 07:52:20 AM
 #138

# 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..

I agree with you, a very trustworthy conclusion. Bitcoin gives us real freedom, money is only a shackle in our lives.

Bitcoin is really safe I think and it will allow you to earn good money. The real dangerous thing is the people who are greed just to have money and bitcoin specially. Be careful on investing with lots of new project because its very dangerous for a newbie who know nothing about cryptocurrency.
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December 14, 2017, 07:53:07 AM
 #139

Bitcoin itself is not dangerous. It was even created with a lot of security features that makes it very popular nowadays. It is us, people who makes it dangerous. If we do not take precautions on our wallets and passwords, your coins will be at risk. To avoid this, put your password only in your mind, not any paper or notes or on your phone, someone may get access to those.

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December 14, 2017, 08:21:34 AM
 #140

I think no, because bitcoin is not dangerous. How bitcoin can be dangerous? In what way is he dangerous to us? Bitcoin it is so very important for those who want to earn and rich and those who are short of wages to help their family.Bitcoin is scattered in different countries to support earn income to high quality and good standard economy in one country.Bitcoin is not dangerous if you scared about bitcoin try first before you are afraid and you know what the bitcoin and how can he help you.
I don’t really think so that bitcoin can be dangerous for someone who is having a good knowledge about the things related to that of bitcoin. If you are having enough skillset, then bitcoin can really do great wonders in the form of a very good amount of profit. Investing in bitcoin can help you in making some good amount of money which can help you in having a comfortable life.
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