Is bitcoin dangerous ?

[Iluvataren]

Like every investment  bitcoin carries certain risks  I think these risks can be dangerous for ex. High volatility

The price of Bitcoin has a high volatility. Typical 30-day volatility is around 40 percent and a 90-day volatility is close to 70 percent. These swings in value are hard to stomach for many people. Although the cryptocurrency has an up trend, it's still risky.Good currencies have low volatility, as owning unstable currency or accepting it as a form of payment becomes too risky.

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[Herumor]

If the government decides to declare owning Bitcoin illegal, you may find yourself in trouble. Currently, the government stance on cryptocurrencies is not clear. And the danger is real as Bitcoin is not taxed, and is somewhat of a competition to the government issued currency. Other regulations could also make Bitcoin less attractive.

[Hisilome]

 Bitcoin carries certain risks tther cryptocurrencies could send Bitcoin into history. Offering faster transactions, complete anonymity, storage space and other improvements could lead to lower market share for Bitcoin. If we consider the high quality of emerging cryptocurrencies, this scenario seems pretty plausible.

[Sekaraten]

Yes I think it is dangerous because easy to lose. If your credit card is stolen or somebody hacks into your bank account there is a good chance you will not lose any money as banks will fix your balance. Even cash can be potentially recovered if the police acts fast. But with Bitcoin if you lose it you lost it for good. There is no mechanism to recover stolen or lost Bitcoins. If somebody hacks into your wallet where you store your Bitcoins you lost them for good. The best way to store your Bitcoins is on disk that is disconnected from the internet.

[Sharga]

It can be dangerous   ı mean that untraceable. This feature of Bitcoin of also attracts crime. People can buy and sell drugs and other illegal items with significantly less risk of being traced by authorities. Bitcoins in this regard are similar to regular cash which is used by criminals. This fact may bring unwanted attention from governments that will outlaw Bitcoin. 

[Budening]

Bitcoin is not dangerous. I think it needs a bit of time for governments. Perhaps in the near future, most countries will accept bitcoin payment. Bitcoin can improve the efficiency of payment, it is not inflationary, it is lower than the banking industry.

Yes, your statement is good! I'm agree with your speculation. Bitcoin just needs a few times for some government to accept and make a rules and license for this!
Many people make a speculations about bitcoin token or like a this token, but they are not understanding about this! Their just look from such as a fake news, but their nothing look from data. So, It's time to change your life from now with invest in bitcoin

[Razgorani]

Bitcoin is not dangerous. I think it needs a bit of time for governments. Perhaps in the near future, most countries will accept bitcoin payment. Bitcoin can improve the efficiency of payment, it is not inflationary, it is lower than the banking industry.

Yes, your statement is good! I'm agree with your speculation. Bitcoin just needs a few times for some government to accept and make a rules and license for this!
Many people make a speculations about bitcoin token or like a this token, but they are not understanding about this! Their just look from such as a fake news, but their nothing look from data. So, It's time to change your life from now with invest in bitcoin

I don't think so low inflation risk. One of the biggest problems with our current dollars and other currencies used around the world is inflation. Over time all currencies lose purchasing power at a rate of few percents per year mainly because governments keep printing more money.

[Bakemat]

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 at all in fact the bitcoin is really good to us. many good benefits and advantages like this following the bitcoin is decentralize that no one can controls it and second bitcoin is really rapidly changing to higher price the bitcoin price is still rising up until now and the third it is no tax like the government doing so we got freedom in this it is only dangerous in the people mind like if they used it in the bad activities and crime activities so bitcoin is not dangerous at all

[Laurelin]

Not dangerous in fact easy to carry. Not a real problem that needs a solution, but you can carry a billion dollars worth of Bitcoins on a memory stick in your pocket. You can't do that with cash or even gold.

[FRJ]

If we see the price of bitcoin,it seems very dangerous as well as mind blowing to me.Dangerous means boundless in this way.

Some may think it dangerous for their losses or for the upcoming risk of bitcoin.

Actually,there is nothing dangerous in bitcoin.It is a modern currency which has made transaction easier and has given financial independence.As it is modern,Internet has been used.There was a need of making this type of currency for getting rid of the bound and regulations of banks and other authorities in the case of trading or transactions. It is better than a paper money.

[greenchy]

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 ?

But this is obvious, all countries make own money, if the guy who in charge for printing press one day decides that it is not enough for him or for his country, he starts the press and YOUR saved money melts. Whith crypto noone can do such trick.

[Karamaneste]

Not dangerous in fact easy to carry. Not a real problem that needs a solution, but you can carry a billion dollars worth of Bitcoins on a memory stick in your pocket. You can't do that with cash or even gold.

come on guy. bitcoin has no safety mechanisms. Typically, you'll get a private key or random words which protect your wallet. If you lose your key, your funds will be gone with it. There's no support to contact, no way to change the password, and no way you could verify your identity to get your account back. When it's gone - it's gone, there's nothing anyone can do.

[nodav]

Bitcoin has certain risks are Now already many new cryptocurrencies. Bitcoin is history. Because there is a new cryptocurrency that offer a faster transaction is also complete anonymity and a number of other improvements. This in future could lead to a decrease in the share of Bitcoin in the market. And it seems pretty believable..

[Mrliberty]

No, bitcoin is not dangerous........... It's the most common and valuable coin in world

[Lagarniteni]

yes it can be dangerous that because still too new. Bitcoin is only a few years old. It's possible that a competing crypto currency becomes more successful than bitcoin or that somebody somehow finds a major flaw in the system. We don't have decades of history yet.

[dali_masmoudi]

Anything in this life has some advantages and disadvantages. Like it is the case with Bitcoin.
We can consider it like the most cryptocurrency used in dark net and deep web because of its untracebility, so someone can use it for very bad use (hacking, killing ...).
One of the disadvantages also is the high price right now which caused because a lot of people want to buy it.
In addition, it is not legal in all over the world except Germany and Japan.

[Elijahxx]

Around the world right now there are some concerns about the uses of Bitcoin because of safe problem

[valentinen39]

No it is not, The only reason why bitcoins are being banned from other country is because they thought that terrorist are using the currency for drug laundering or having different illegal transactions and that is also the reason why ico's in china are banned before.

[Chrystora123]

I guess Bitcoin is not dangerous, I do not know whether Bitcoin is created intentionally or not by Satoshi,
but I know Bitcoin has helped most people's finances and made changes in the economy....

[Sadnu]

I think it's not dangerous. but others say it's dangerous. because The Biggest Risk of Investing in BitCoin BTC is it's instability. You do not know, whether you are going to get huge profit or huge loss.