Is bitcoin dangerous ?

[Leopardon29]

It's dangerous to anyone who doesn't do due diligence. You first need to understand how this technology works. Once you answer your own question, then it means you are ready to invest,trade,mine, etc.

[1715638646]

1715638646

[BlackRacerX]

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 non-investors who have no clue on what bitcoins are and just jumping into it without a thing in mind, then it is really dangerous for them. They would not be ready for the price dips and crashes and this would push them to a panic and sell immediately once the value goes below their initial investment. It's dangerous because it's risky.

[Dreamchaser21]

Bitcoin is the most popular and the most expensive coin all over the world of course it's very secured, Wallets in bitcoin specially is encrypted so you're the only one controls your wallet

A little bit dangerous simply because a lot of people are showing some greed just to own bitcoin and better to hold it more secured. Bitcoin is really powerful and I believe it will continue to soar higher in the next years, so better to hold it. The only thing that you must be scared is the people around you, because bitcoin offers great technology no doubt.

[xSkylarx]

It is for easier way to send your money to all over the world,
It is decentralized and you could send it without even listing your name it is made for anonymity.

[ModaFuka1994]

Why do you say Bitcoin is dangerous, personally, Bitcoin will be the currency of the future, replacing all offline currency at the present time and the future of the currency. Bitcoin is only dangerous for those who deliberately use it for malicious purposes such as the sale of narcotics, weapons or illegal substances. BTC is used for the purpose of bad because the security of this currency is great, never disclose any personal information when the transaction should be easy and convenient for individuals and organizations use BTC for the bad purpose.

[jovs]

# 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..

Bitcoin has been around for almost a decade, utilizing its function in the market, serving as a financial tool for many users and players. Why would you ever think that bitcoin could be dangerous, when it is in fact serving for the benefits of its patronizers. Everything you do in bitcoin is base on your own free will, like saving, trading and investing. Just avoid suspicious websites for your own security while getting deep into cryptocurrencies.

[Heartseed]

Bitcoin is dangerous depending on what country you live on. since there are other countries that ban bitcoin mining and other forms of crypto currency but if it is not ban at your country then bitcoin is safe and very flexible since there is many ways to use it such as paying bills and other forms of bill. act as an money to transact into different places and many more. so it varies the dangerous level in your country but all in all i can say that bitcoin is not dangerous at all.

[bitcoinVPSD]

Yes, I think Bitcoin also has some dangers. Unrelated to governments, criminals are more likely to use btcoin for gambling, drug trafficking and illegal bitcoin transactions. Bitcoin is mainly through the internet, so it can be exploited by fraudulent hackers. At present, many bitcoin sites are created to trick people into investing in it.

[BruceAndrew]

It depends.Just dont invest money you cannot afford to lose

[zarados]

extreme risk is a more appropriate term than dangerous. For people who are just entering the world of cryptocurrency investments, especially Bitcoin, this is an extreme step as an investment. What was once a high risk, now can be regarded as an extreme risk. Because the price can one day fall at any time and no one can guarantee the price will continue to be above.

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 ?

people always want an Instant transaction, easy, and cheap. Bank, Paypal, or other companies have not been able to make it happen. Thus, Bitcoin emerges as a cryptocurrency that can manifest all expectations of people.

[Nida Salva]

I think so. But if you're risk taker, you don't mind if it is dangerous or not. But it's not about if you're risk taker or not but rather you have trust to your self and to Almighty nothing is risky above all.

[vonnyaries]

i think bitcoin made for digital currencies that will work in any country in the world, how about the flat money? it just used in specific country, and second reason is because bitcoin is invisible, anyone can see in the transaction without can "touch" it or changed it.

[tramadols]

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 ?

I guess you should find out more about bitcoin. bitcoin is not harmful and it has many benefits for us who actively use it. you should take the time to search for information from various sources.

[milandres0207]

How could you asked if bitcoin is dangerous if it is one of your souces of income? Though the price of bitcoin is movable, and there are other currencies in the world,then it is not a reason to say that it is dangerous. Bitcoin is a blessings that we need to be thankful that we know about it and we can earn on it.

[cadiente014]

Bitcoin itself is not dangerous. It depends on how people use it because there is so many ways even illegal things you can use it. As they say you can use it without trace or evidence. Of course there is also a good advantage such as it cant be easily steal,  accessible because nowadays you can easily connect to the internet using smartphones and the most important thing there's so many people benefit from it even to the point that they spend so much time earning bitcoin. That's why for me it isn't dangerous because I benefit from it.

[Nariza]

I think there's a little bit danger. Once you invest you should be a risk taker. No matter what happen on your investment, you should accept it.

[qwertyuiop0987654321]

sure its getting more dangerous every day

Bitcoin can either be dangerous or not depending upon the situation you has. For example, you having a large amount of bitcoin is too dangerous for you but having that amount could also be a big help for you. Dangerous, for Bitcoin is popular and many had known about it and how big its value is so people might think of something wrong. Not dangerous in such a way that it helps people financially.

[KevinHD]

Bitcoin is only dangerous when you invest everything or most of what you have just to gain the hype and trend of bitcoin. It never was made dangerous because it is just a technological monetary and should mainly use for transactions and etc throughout its system.

[BTG-BTC]

If one day bitcoin is worth more than $ 100K I imagine people laughing at us when we ask ourselves if buying bitcoin was risking buying it at $ 20k

[steven.spearman]

Bitcoin is not dangerous, they are banks that make bitcoin harm in the public eye.