Is bitcoin dangerous ?

[newguy05]

Bitcoin was invented by an unknown person. It allows money to be transact directly between individuals using cryptography. The bank ledger is distributed to all users, and complex mathematical transactions ensure transaction integrity. It is not traceable by any authority, the transactions can not be identified that who is making it, this might open a gate for corruption, money laundering, drug dealing etc.

[Chachacoin17]

Bijkoin is not dangerous, but the investment in it will be risky at a later stage, when it will greatly increase in its price.

I disagree on you because as far as I know, bitcoin is dangerous because we must need to take risk in all that we did. It is risky and risky is goes to the point that people think that it is already dangerous. But bitcoin is freedom to everyone, it gives freedom because it can hide our true identity and it helps us to gain much as we've expected.

[SteshaScott]

Bitcoin is not dangerous especially when you know how to transact and deal with it. It has a positive since its less hassle .

[doloresdeleon07]

Everything has its own risk, stocks, bonds or other investments, it is up to you on how to analyse and decide on that risk. On Bitcoin you are anonymous, you are free to sell or buy, you decide for yourself. If you know what you are doing I think Bitcoin has less risk.

[arief89]

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 ?

All countries have their own currency, with the bitcoin will facilitate transactions even though different countries, because if bitcoin is accepted throughout the country then the ease will be obtained, because bitcoin easy to use and not complicated.

[Saiful Islam777]

I think bitcoin is less risky than it is easier to do than other transactional media. If all the countries of the world use Bitcoin, then this will be the medium of investment.

[Escf4]

I do not consider bitcoin as dangerous because as one of my friend testify that bitcoin is very good type of investment in the digital world , so I believe that this bitcoin has good future for investment and profits for investor.

[PIR]

It depends on how you look at bitcoin, it will only become dangerous if you think negative against it yes, we never know what will happen in the future.. all we can do is to prepare ourselves for whatever outcome of this virtual currency.. but as of now let's make the most out of it, and use it for good-whatever profit you may have from it.. and also bitcoin is a new system technology of payment and other transaction which made for our own convenience and comfort.

[chipzeru]

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 bitcoin has many advantages like peer-to-peer transaction, anonymous, decentralized etc. Even it's easier to transfer fund in bitcoin to the people overseas instead of using wire transfer or western union, paypal and skrill which is not as convenience as using bitcoin and the other cryptocurrencies (regardless of the fees).

If you're wondering if bitcoin is dangerous maybe because many criminals using bitcoin as a payment method in order to not getting tracked. Basically, everything has its pros and cons.

[genievic23]

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 bitcoin was made so that people has its own freedom to hold their own money without the banks monitoring them, to just simplify it it is decentralized, its kinda fast in transaction and you can't fake it or spend it twice so people can't cheat you when sending bitcoin Paper money in the future wil have no value, it will all be digital.

[Naurah03]

i think Bitcoin is not dangerous. I think right now it needs a bit of time for governments. Some country need to review the policy, because so many aspect need to be considered.

[biboy]

i think Bitcoin is not dangerous. I think right now it needs a bit of time for governments. Some country need to review the policy, because so many aspect need to be considered.

Well, let us admit that bitcoin is really dangerous we have to face the fact that it is really risky to invest in bitcoin but that risk has change to stability since although the price is so volatile still we are assured that it will go up one day at our expectation.

[makototachibana]

Hmm to some people it's quite risky due to
#1. High volatility
#2. Government regulations (it's illegal in some countries)
#3. Competition with many others cryptocurrencies
#4. Low security of services/products
#5. No safety mechanisms

[Kisanaq]

i think Bitcoin is not dangerous. I think right now it needs a bit of time for governments. Some country need to review the policy, because so many aspect need to be considered.

Yes, it's time the government opens the door for bitcoin because if the government legalizes so many benefits can be obtained, there is much evidence that the presence of bitcoin to be a great blessing because it can increase wealth.

[Phyton76]

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 ?

Let's just say that bitcoin is dangerous because it is open to all people and all people is anonymous so that we did not know each other.The other things when it comes from investing,there are many scammers that are trying to steal our investments.Bitcoin has a low security service so that we have to be secured in our own.We have to be careful in many things here in bitcoin.

[Lemayilleur]

What could be dangerous?Bitcoin is on the contrary the most reliable currency in the world at the moment which is protected by all possible means

[voron84-05]

   The answer to this question is: bitcoin, as a decentralized currency, is dangerous to any government or central bank and for ordinary people it is only useful !

[Apollo18]

If there is no central regulator, then the price of the currency makes a mad sprint up and down, which we clearly see in the example of bitcoin. Therefore, investing in such a coin is very risky and dangerous. But on the other hand, whoever doesn't take risks, will not earn a lot of money.

[SailorCoin]

Bitcoin is everthing else then dangerous. The banks who controll the money, those are dangerous. Bitcoin is the first and only reald democratic Currency, which is not controlled. Its also decentralised, so its impossible to control or manipulate them. SO Cryptocurrencies are actual good for us and the people of the world. It makes everything fair. Thats why the banks are against the Blockchain technology, because they cant controll them after all.

[First77]

ISIS had $3 million Bitcoins when Bitcoin was $1000. Now that is $30,000,000 with ISIS (most dangerous terrorist organisation in history) because of greedy people and rich scammers.

Those trucks killing 10 or 15 people in Europe.