Is bitcoin dangerous ?

[cryptomorphines]

Probably if you have thousands of BTC and a lot of people knew it your life and your family's will be in great danger.

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[Stimah12]

I think Yes, but it depends on how users handle their accounts because if they don't have a security on their accounts it will be dangerous.It will be a dangerous especially if you are newbie in bitcoin then you don't know how to handle your account.

[teejaymuna]

BTC isn't dangerous. What makes it dangerous? Apart from its price volatility, what other reasonable downside does it have. I really do not understand what you mean by it being dangerous. It is easier to use. You do not necessarily have to carry it around. You can acces your money with your computer and the Internet and it's pretty safe. I don't think BTC is dangerous.

[batang_bitcoin]

Probably if you have thousands of BTC and a lot of people knew it your life and your family's will be in great danger.

This will put you in danger and that's why you don't broadcast or tell to anyone on how much bitcoin you are holding. My friends are even asking me on how many bitcoins I'm holding but I don't want to tell it to them and I want to keep it secret. They are all newbies and they just want to be encouraged and inspired by me but still I don't buy on that reason, it will put my life in danger if someone from them wants to have it and do something crazy to me.

[JuliaEnnyPen]

If you are talking about the volatility of the coin itself, then yes, it's dangerous. The reason is that it is way too easy for one side of the equation (buyers or sellers) to outweigh the other side. Once more people adopt cryptocurrency use into their daily activities, the price will stabilize more and more.
Recently, we've been seeing a very stable Bitcoin price until the last couple of weeks. The majority of people that postulate on Crypto are saying that large scale companies accepting Bitcoin are cashing out immediately rather than keeping the coin, which is causing the price to slowly go downwards.

More people will get in and put money into the system. As they do, the price will stabilize yet again.  You can watch the trends and it's really really interesting.

As an investor, now is a good time to get in because companies selling items for Bitcoin, especially when they are at a discount, will cause consumers to jump on board which will in turn raise the price again.

[poplolnman]

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.

Dangerous only when you listen to random strange opinion that accusing bitcoin used as evil transactions like terrorist funding, money laundering etc , it's watching by the fbi considering there's a lot of reports regarding this matter, it's just the game of opinions, if you do look at the reality, bitcoin are so helpful more than the conventional money.

[AriannaSantosUU]

There's a lot of things that you can actually do in your bitcoin. You can convert it to your prefer currency and buy something you want. You can also pay bills and many more. Its safe as long as you know you are not investing in scams.

[Toranteres]

Dangerous is only not to invest in Bitcoin and altcoins. Because this is the future, which will bring a lot for everybody involved. It just started and dangerous is only to by out of it  

[Tonydman97]

Bitcoin is dangerous because its structure and computer security is not stable. Its price may yet double or even quadruple but the market price is almost certain at some point to crash and burn. There will be no one to turn to when it does, because no government or bank is backing bitcoin up, thus the people who are hyping bitcoin will have cashed out and be long gone.

Its transaction system makes it difficult for governments know the identities of people exchanging money, so it has become a haven for money laundering, drug dealing, and corruption. Nevertheless, it's a digital currency of the future, whatever happens.

[Sahabat_]

bitcoin with the currency of the country of course made first state currency, and then there is a new Bitcoin then increasingly increasing the type of online currency is increasingly functional not only for transactions but also as an asset value and so on again

[eucalyptus]

I think you should read a lot in this forum about bitcoin and its technology. If you read Satoshi's explanation you can have knowledge. I suggest you to read pinned threads in forum. If you think that fiat money is not dangerous, you should not ask this question.

[ferdaus]

The world's advanced countries recognized Bitcoin.I think if Bitcoin was a danger, then the developed nations would not have accepted Bitcoin.

[Bambinoe]

Bitcoin is never dangerous in any form. It is a means of profitable investment.

[astrid.uchiha24]

Bitcoin are dangerous to those countries that can't compete with it that is why there are countries that definitely banned it, but for me i don't see any problems with bitcoin at all, it is actually a good opportunity for everyone because the market is not limited, it is accessible from all over the world as long as there is no ban imposed.

[Leezkie22]

For me bitcoin is not a dangerous site or business. It is actually profitable investment. And investment like this is never a dangerous if the investor really care for her money. And if the bitcoin dangerous maybe the government really acknowledge people to not invest bitcoin. But in my country they didn't ban bitcoin. But the things we have to think about is how easily bitcoin encrease the value of bitcoin. And you know the answer, this not a dangerous they give us a upportunity to invest more and did not came up like scam.

[MommyElsa]

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 ?

Of course, internet is the source of information  now a days so they will surely look for something that is a very quick and easy transaction that don't need to go on anywhere.  Paying bills is very easy with the help of this new technology.

[godfredmanu]

I think you need to read Satoshi Nakamoto's whitepaper on bitcoins and you will understand why bitcoins was created to add to the  numerous currency that existed before bitcoins. I think it has done as good than bad, so however motive it was added should be appreciated.

[CoffeeForMe]

I don't think this is the right forum for this question. There is no middle ground on a view around bitcoin, either organizations/people/countries are against it or communities are for it so it is essential that you create an opinion around this on your own on the basis of your understanding and reading/exploring various documents and videos. but it's important that you have a framework to evaluate bitcoin and the concept of cryptocurrency in general.

I don't think that bitcoin is dangerous because they have a big amount of people that support bitcoin and I survey this forum the bitcoin is legal to play of all people because they believe that bitcoin is the one of key to success their own life. I think the people will not support bitcoin with out a information in it and bitcoin not give a big amount of money if they not believe on it. That's my oppinion on if bitcoin is dangerous.

[Dod Ong]

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 yes, because some of countries planning the bitcoin to be ban in all over the world. I think our government aslo planning the bitcoin to ban in our country. I don't want to ban the bitcoin in our country because I want to earned more money to buy my needs and to help my family in our expenses. I want to became prosperous our life. I aslo want to have a business using bitcoin because the bitcoin is a good investment my friend told me that.

[spiderm4n15]

bitcoin is't dangerous, bitcoin is the best coin just now, but the bitcoin popularity will be decrease
cause the cost of bitcoin is high-priced and many people scared to invest in bitcoin