Is bitcoin dangerous ?

[ross09]

sure its getting more dangerous every day

Now a days yes it is getting dangerous because one (1) of the main reason why bitcoin is getting low each day now it is because of the bad news about bitcoin by media and other government sector in selected country that they banning bitcoin because bitcoin being to illegal transaction such as drugs gambling and more is terorrism. But we all know that this kind of news is all not true they just want to destroy bitcoin because government will never have any compensate from bitcoin.

[1715700905]

1715700905

[1715700905]

1715700905

[wack slack]

 I think tools is born have positive and negative. Bitcoin is no exception but the fact that it is a new revolution, it is increasingly improved and upgraded better, I believe it will be the best solution to transaction all the world

[pombur]

Bitcoin is unsafe. Bitcoin is difficult to call currency today, because there is no clear definition of what it can buy, how and by whom it is regulated. The financial markets it has no effect. As long as bitcoin is not a freely convertible commodity or currency, it has a very limited field to use. Therefore, buying or investing in any cryptocurrency is considered impractical and highly risky investment with unlimited risk.

[GoodSammy123]

I think Bitcoin isn't dangerous but if the technology associated with it is handled carelessly it becomes so dangerous making the output a great loss.

[befriendmywater]

Bitcoin is now recognized as the world's largest and most valuable currency. But bitcoin is still used to work for terrorist organizations.
Why is bitcoin so widely used in such areas? because bitcoin is anonymous. The government can not pursue the crime because of the bitcoin anonymity. So some countries around the world are forbidding bitcoin and causing the market to fall. that is too bad.

[klim80]

 If you understand how to manage Bitcoin it is not dangerous. And if you sell a house, for example, to invest in bitcoin without thinking about the future risk, it may be rather risky.

[Jian_Liux]

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 ?

Until now I have not seen any danger from bitcoin, I think many people benefit from bitcoin. Before knowing bitcoin, my life is financially lacking. But right now I am grateful after being active in bitcoin ,my financial problems can be resolved, we must try to think positive then it will produce something positive for us.

[Choyor]

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 purpose created bitcoin is the answer to the shortcomings that exist in cash and credit cards. If you say for credit card crime and cash is already used for illegal activities. The advantages of bitcoin compared to credit cards are protection against the seller. Buyers can not charge back. Bitcoin will be dangerous if Bitcoin users do not really understand the system in Bitcoin itself.

[nhuydp1996]

The technology itself is not dangerous, it just depends on how people are using it. Bitcoin isn't dangerous for us, bitcoin transactions are anonymous, bitcoin is decentralized so I don't see bitcoin posing a danger to us.

[Isaak Brenner]

This question is exactly like asking if it's dangerous to take the chains off slaves.

It can be very dangerous... If you're a banker. The rest of us will do just fine.

[Damian Banks]

No. 

Because the number of bitcoins is capped, I just don't see the total value of bitcoin becoming big enough to have macroeconomic effects. 

And it's no way the most dangerous thing ever invented.  Unregulated subprime mortgages and credit derivatives were far more destablizing and dangerous than I can imagine bitcoin ever being.

[Rolf Walker]

Not at all. Banks don't like Bitcoin because if/when it becomes mainstream, it would eat up all their profits. So, they push that fear onto the government, which then trickles down through the news.

Like someone mentioned, the government, banks and media seemed to have no problem with sub-prime lending and yet Bitcoin are dangerous? Laughable.

[xandiel01]

You already said that being faster transaction, because in bitcoin we can send currency to our families and it will make us easier in our time, like sending money you don't need to go outside to send but in just few minutes only. and it depends also to people who use bitcoin.

[ichanjay]

For someone who has no deep understanding on what blockchain technology is. Yes it would appear to be dangerous. People tend to listen on what mainstream media says which is not always true. Bitcoin is not for everyone. Its for the open minded ones

[GideonGono]

I think so, bitcoin can be dangerous because it can attract people to do some things that are against our law like  money laundering ,extorsion, scam and financial terrorism.

[swisstortue]

not at all ! just too many people scared ... they listen to the media but not their belive

[LeonardoDiCrypto]

I guess that after 63 pages of thread perhaps in these past few days some of the very optimistic people will start to suspect that in fact, after all, Bitcoin may actually perhaps be a quite dangerous investment...

[amilla041184]

sure its getting more dangerous every day

Now a days yes it is getting dangerous because one (1) of the main reason why bitcoin is getting low each day now it is because of the bad news about bitcoin by media and other government sector in selected country that they banning bitcoin because bitcoin being to illegal transaction such as drugs gambling and more is terorrism. But we all know that this kind of news is all not true they just want to destroy bitcoin because government will never have any compensate from bitcoin.

It already happen in bitcoin how many times at the past and even worst, larger percentage of dump had happen but look at BTC price today compare when it start, just sit back, forget your Bitcoins for a while and wait for for the next pump.

[Rodon]

The main reasons are that the payment is anonymous so you are free to do what you want with your money, and the fact that it's decentralized: any banks have the control on it. To conclude what attracts people is the financial freedom.

[siddu67]

No,bitcoin is not dangerous.It is totally safe.Anyone can invest here.There are no hard terms and conditions to invest in bitcoin.there are also no complexes.And the most important thing is that it is the most trusted crypto currency.