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Author Topic: Is bitcoin dangerous ?  (Read 5702 times)
bitcoinorcash
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January 09, 2018, 12:44:26 AM
 #581

Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.
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Empiretoken
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January 09, 2018, 12:54:18 AM
 #582

There isn’t enough of an ecosystem surrounding bitcoins to allow fundamental analysts to study it as an investment. People are therefore investing with imperfect information and joining the herd of speculators. Since these cryptocurrency prices are not regulated, as more people enter the market lured by the high prices, the prices climb ever higher. This might lead to formation of a bubble that will eventually burst and cause widespread losses.

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January 09, 2018, 12:58:32 AM
 #583

If for bitcoin, I think bitcoin is destined to appear, but if for other coins like ETH, ALTCOIN and so on, this is a project, to follow the popularity of bitcoin.
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January 09, 2018, 01:33:24 AM
 #584

Some people say that bitcoin is very dangerous.  But I say that, Bitcoin is no dangerous. Those man say bitcoin is dangerous that is his belief system.  He settled his mind this. But its rong. Bitcoin no any harm so bitcoon no dangerous.
Tramle091296
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January 09, 2018, 01:46:23 AM
 #585

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.
dangerous only for people who do not know about crytocurrency but still impose an investment because it will suffer a lot of losses if he carelessly without knowing the risks that will happen.
Yeah! if you want to take profit take a risk. there`s no easy way to get money in our world. if you want to earn be take a risk there`s no dangerous event.

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Xzhyte
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January 09, 2018, 01:47:46 AM
 #586

How can bitcoin be dangerous? I think it wont be any harm to you if you use bitcoins. Its safer to use by the way, its decentralized and anonymous, and it provides better security than any fiat money out there. The things that only makes harm to you would be the way you spend your money, so spend wisely!

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ylnar123
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January 09, 2018, 01:49:47 AM
 #587

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 made to rhe effort of educating people about the evolution of money through digital currency. Yes bitcoin is dangerous because of its risk and volatility in your investment, maybe in the future digital currency will prevail but not for now.

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January 09, 2018, 01:51:34 AM
 #588

Everything in this world is dangerous but it all depends on individuals on how they handle the danger. It is like if you have a bitcoin account and you don’t take extra precautions on your accounts security then you are in danger. If you will invest all your money in bitcoin and nothing will left if it will disappear so literally you are in danger. We cannot trust no one in this world right now, we all know that world is unfair. All we need is to take an extra care in everything we do so we will not be danger.
mudsadji
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January 09, 2018, 01:53:38 AM
 #589

internet is the future,Bitcoin is a cryptocurrency,Its security need not be questioned.
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January 09, 2018, 02:06:40 AM
 #590

Dangerous in the sense that its market price is very volatile where price can go down like crazy but on the better side of it, bitcoin can give you big profit when its market price rises drastically too and in fact bitcoin is known to be the biggest wealth distribution today.

bttcoin
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January 09, 2018, 02:22:01 AM
 #591

Bitcoin is a digital investment. As long as there is investment, there will be risks. Therefore, when looking for a project, it is necessary to fully understand the project details and analyze the project's development prospect before investing so as to avoid risks.
okour999
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January 09, 2018, 03:09:50 AM
 #592

I think it's dangerous when you buy all the bitcoins your money then its price drops and it's just gone, it's hard for you to earn money and it will not come back.

Shrinath
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January 09, 2018, 03:28:33 AM
 #593

In my opinion: The danger lies in the eyes of the beholder! Bitcoin alone is not dangerous. With the involvement of the certain type of the people, it can become dangerous in some way. Its anonymity provides comfort and discretion for the holder of this crypto coin. This anonymity is presenting big treat for the governments which want to be in the control of the absolutely everything but they don't have the power and the means to take control over Bitcoin. Bitcoins undisputed power is in its limited supply and also in the unique blockchain, we can easily say that BTC is a predecessor to all the current coins that had made the breakthrough to the market.
doomloop
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January 09, 2018, 04:35:06 PM
 #594

yes it is.. it has a very high risk.. and dangerous.. it has potential to drop or dump hard or might crash. to make sure we didnt fall. you must be active in the internet. always keep on to date. dont miss any some new information about it and play safe.
Fair enough it is good for bitcoin to increase bitcoin use in several courtiers and income of bitcoin is making word profitably high now. In several areas bitcoin is working for betterment of all people who are not having other source to have good life with bitcoin. Bitcoin is not dangerous at all because bitcoin is best source of earning and investing today. With small amount of investment we can buy everything that we need to buy it will help me out.

kumar jabodah
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January 09, 2018, 04:46:36 PM
 #595

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 the eyes of the majority that bitcoin is dangerous but they do not know the importance of bitcoin in our world, because of the misinformation they have encountered in social media and they have anxiety and fear. We can not really avoid the scam we need only to be careful when we invest
chimcoin
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January 09, 2018, 08:18:05 PM
 #596

Yes!i think your point is correct, and to say that bitcoin is dangerous is absolutely a misconceptions of the entire cryptocurrrency technology. One thing i understood in this word "dangerous " used to describe bitcoin is- Fear. Some people are afraid of loosing their earnings if they invest in bitcoin and that has contibuted to many nagative comments on social media. main while ,One of Bitcoin’s fundamental values was instant and secure peer-to-peer payment transactions. Now, more than ever, Bitcoin is emerging as the prevailing cryptocurrency in the global market, with a 1,200%+ increase in value over the last year alone.
 
I think that because of this unprecedented growth, the number of transactions on the Bitcoin blockchain has also increased, with up to 400,000 transactions per day being conducted. This rapid increase in transactions is posing to be a serious scalability problem for the blockchain, with over 90,000 transactions being backlogged as unconfirmed at the moment. However, this issue will be resolved in the near future.
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January 09, 2018, 08:25:00 PM
 #597

Dangerous in the sense that its market price is very volatile where price can go down like crazy but on the better side of it, bitcoin can give you big profit when its market price rises drastically too and in fact bitcoin is known to be the biggest wealth distribution today.

I agree that the profit of bitcoin can be a surprising asset to everybody and even though its so volatile, but its a good sense to invest with it now due to its rising value in the market. Somehow it fluctuates, but the demand always kepts on gaining its popularity in terms of good profit. Currently its now on its stable state while its moving forward to the top struggling to hit again to $20k in the marketplace.

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January 09, 2018, 08:43:59 PM
 #598

They say if digital currencies achieve wide-scale usage serious financial-stability issues can occur. As for me every system has an experation date. Cryptocurrency is one of the signs tha our system has reached it peak and needs to be replaced.
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January 09, 2018, 08:47:23 PM
 #599

Bitcoin and Altcoins are high risk investments, you should never put in more money than you can't afford to lose, but there are a lot of opportunities out there, just remember to sell high and buy low and hodl  Grin
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January 09, 2018, 08:53:12 PM
 #600

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 think bitcoin is not dangerous. and this is only because of technological advances. Digital assets are a good thing for the future. Even more than that.
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