Is bitcoin dangerous ?

[jmiro1]

I think you made the wrong discovery here. You may say that why the Altcoins were introduced but not bitcoins. Bitcoins is the first of it's kind. Yes, there's so many currencies in the world but you can say internet currency is a new technology. And this particular technology has a demand in the world market. So, you don't have to wonder about it's necessity. Is it dangerous? Yes it is dangerous. Playing sports can cause body injury, you may call that dangerous as well. Do you like gambles? I bet you do. The way I see it, gambling is also dangerous cause it can take out your money. All the best with bitcoins and crypto currency.

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[jenius]

the technology itself is not dangerous, it just depends on how people are using it

[btcprospecter]

The volatility makes bitcoin dangerous. There will always be an element of risk involved with any investment but we would truly like to see bitcoin used as a currency more so than a store of value.

[Sasuke102001]

Bitcoin isn't dangerous for us, bitcoin transactions are anonymous, bitcoin is decentralized so I don't see bitcoin posing a danger to us. Some would say that the volatile nature of Bitcoin can be a danger, but it couldn't pose a danger right, whenever the price fell, bitcoin prices increased even more so I bitcoins volatile nature can be a danger to us. But some governments see bitcoin as a danger as it bitcoin threatens their normal economy and currency.

[pri3oner]

This is a brand new system in economics that has a lot of bugs (that's why u can call it dangerous) BUT it's brand new as I've said cos we all kniw why: decentralized, anonymous, fast, no huge fee's.

[yummydex]

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 if you abuse it.

[stryker]

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 ?

First, decentralization is the main advantage of such currencies.
Secondly, I wouldn't say that anyone can make a type of currency, rather everyone can create a token based on some kind of crypto currency. This is not a currency. Token is used to simplify crowdfunding fees, and also as an analogue of shareholdings.

[Dudeperfect]

too many currencies in each
 country

And every currency is restricted to the geographical boundaries of those countries. On the other hand, the internet is universal and we need something that is common for each and every internet user in terms of monetary value. Bitcoin fulfils this requirement by providing equal value and platform to the users in every country irrespective of the price of the currency of his country. It brings more uniformity in the world of internet. Since it is in the development phase as of now, it is volatile in nature and might sounds dangerous for the safe players.

[Andalusy]

I do not consider bitcoin as currency, because it would be illegal in my country. For me bitcoin is an asset that can be traded legally. And as a long-term investment that promises a huge profit, how not this year's bitcoin rise to 2000% if we invest early this year then now our assets have gone up by 2000%, that's not a small value, if you ask if bitcoin is dangerous, yaa because the value of digital asst is very fluktuatif.

[DaftAjax]

Bitcoin is different from all other cryptocurrency in it is decentralised hence open to all.

I'm not convinced, Bitcoin don't have much of the difference with other coins. They are all decentralized indeed, as they existed in the blockchain. What do you mean by open to all? Although it is decentralized, meaning there is freedom in using it, but there are countries that have banned these currencies, so it would likely be not open to all. Talk about volatility.

Transactions made for bitcoin are anonymous and hence never traces.

Its not anonymous, as you might think it would be, as you can be tracked via blockchain. By conducting an investigation about certain anomalies, scammers have already been arrested by this method.

If you said dangerous in the way of hacking, then by using offline wallet or cold storage you can safe your bitcoins.

You can only be hacked by your own recklessness and not the type of wallet you're using.

[bitfocus]

How could this awesome instrument of investment be dangerous? Some people will disagree who either knows nothing about bitcoin, or who lost some money in scam for their own fault.

[Thyristor]

I think never Bitcoin is dangerous because world is almost changing by Bitcoin and i think Bitcoin total supply is fixed.There are have no chance to increase extra Bitcoin.Everything is defend on user who guys used positive ways or negative ways it's important at first.

[rosalyn07]

The bitcoin is not dangerous. It will not be dangerous in fact it helps people to earn, because they will learn a lot on bitcoin, they know how to invest, trade and other ways to earn bitcoin. it will be only dangerous if your account is hacked and take all the bitcoins in your wallet.

[Potatohead]

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 ?

Though bitcoin, people were able to earn and save for the future with the investments that it offers. It's not dangerous but it's helpful for hopeful citizens who aims for what's best in their lives. It offers faster transactions so what's not safe about it? Nothing to worry about because is an instrument to reach out for those in need.

[gantez]

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.

The countries that will be in a haste to approve of bitcoin are mostly countries that are not economically buoyant because bitcoin will help them come out of economic quagmire.

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 never dangerous but helping to alleviate poverty in my own view. The introduction of blockchain and bitcoin is a prove of technological advancement in humanity, so we need to just enjoy it if we don't understand it.

[USScrypto]

I dont see any danger case for humanity from bitcoin, just it make more faster transaction with lower price than all banks in the world and this can make easier everything in this globalization century.

[wizmo]

Bitcoin is a digital currency and it isn't dangerous but bitcoin made it easy for many people to receive or send money without any problems. Bitcoin is decentralized means no one can control the market and it is different than other currencies where government can control the market. Bitcoin will be considered as digital gold in next few years. It was made due to limitation of other payment system.

[dreamer81]

it's simple. because the governments controls the other currencies. Bitcoin is not controlled by anyone, it is controlled by the miners, and there are so many that they do not have the full power over the entire bitcoin network.

[R21]

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 this is the future! Who would want a type of currency that is easily lost and will get wet when you carry around? But digital currency needs internet though.

Yes, bitcoin is not a paper currency then you don't need to afraid about it! bitcoin is digital cryptocurrency and fully secured from everything about outside.

[cosmoo]

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 ?

Cryptocurrency world - is the future! Financial freedom, decentralizing and more and more.