Is bitcoin dangerous ?

[MediChain]

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 ?

There is an old saying attributed to Benjamin Frankin that "Nothing is certain but death and taxes". Bitcoin doesn't do anything for the risk of the former but governments are concerned that it bypasses the latter. It won't make you popular, but if you can tax them that will make governments much more amenable to them.

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[natka]

What is the danger of bitcoin? Why did this question arise? Bitcoin is absolutely no danger to humanity. This is a reliable investment and a specific profit. There is no danger.

[jonruhoax]

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 ?

there are a lot of answers about what you say, I think the post above I have explained a lot with different point of view. so basically you just need to seek knowledge rather than just ask.

[elwiswoodie]

try to buy BTC with the rest of your pocket money, then back again to check wallet 1 month again, then your money will increase

[yourialfa]

# 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..

I totally agree with these points. Of course bitcoin is made to make transactions anonymously. Bitcoin is also not regulated by the government and very opposite to the bank. So bitcoin is really something great, its value has also soared.

[jak3]

Of course, too many currencies in each country is making a lot of problems but every country is trying to make things to make their own country better. No one is trying to make it a whole united world by mixing all the countries together. I believe Bitcoin can change this I become the first virtual currency to be used by all kind of people from the whole world. There is not only going to be useful but there is also going to be easier for our future kids.

[A Fahriz Thiago]

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 the reason for the bitcoin made or the digital currency is made to make it easier for everyone to trade in terms of purchasing goods or services online and for investments in the long term, because investment dibitcoin very promising.

[jhewlijw]

No danger,bitcoin is online virtual currency.it helps to world as digital world.

[niahasasj]

Bitcoin is dangerous for some situations,it removes the paper currency.paper currency is more reliable than virtual currency.

[shouter]

I think Bitcoin ( as a whole ) is totally  safe, I see no danger in using or owning Bitcoin. If there is any danger, I think it is in people, because they are perhaps unprepared to use, at some point they commit an error that provides some damage.

[plasmafrog75]

In general it is a pretty risky area. I personally invest and spend a lot of time researching the technology however it is important to understand the risk. Right now, no one is able to hack the network because it is fairl "bullet proof" however in 2 years someone might actually be able to and then were doomed.

Bitcoin can be considered as a risk because Bitcoin is heavily dependent on investors. If Bitcoin is significantly reduced investors will no longer be developed in a good way, I think if in the future Bitcoin has More and more powerful investors, Bitcoin will not be dangerous

[abhishek_bittu]

no its not dangerous

[Borisov]

Bitcoin does not harm so i don't think bitcoin is dangerous. In fact you can benefit from bitcoin if your going to invest from it.

unfortunately you can win or lose! for example, you invested in him when he was 20 thousand at the peak so to speak ! and now they have very nervous and waiting! (and when it all grows back and grow back?)

[danielco9]

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 so.
These market is to much volatile.
a lot of people just getting into it because its "hipe".
I believe these market is the future but its still a risky game.

[DomainTorrent]

Bitcoin by itself is not dangerous. It's only the people who hold and manipulate the bitcoin that makes it dangerous. However, bitcoin is safe literally speaking and if you know how to handle bitcoin with all its safeguards you're safe with it wherever you go.

[luka red]

the biggest risk of Investing in bitcoin btc is its instability. You do not know, whether you are going to get huge profit or huge loss.
Only invest in bitcoin what you can afford to lose. deefinitely people are making really good profits out of bitcoin  trading  or  mining. but still you never know when this BitCoin bubble will burst and your all investment goes to zero.that is the thing that makes people think that bitcoin is dangerous.

[rudyjaya]

I think bitcoin is a disruptive technology but not for that is meant to be safe. Around the world right now there are some concerns about the uses of Bitcoin.
If someone steal your wallet with your bitcoins inside, who is the authority that is going to act for that consideration? Actually, none because bitcoin is free of authority which is a good thing and bad thing.
Also in order to use Bitcoin you need wallets, exchanges, payment processors, etc. Not all of these services have perfect security and if your funds are stolen, all you can do is to hope your service provider will be kind enough to give you a refund.
In matter of fact you can took a benefit from bitcoin if your going to invest from it so i think bitcoin does dangerous as we think of.

[hirokazu]

the biggest risk of Investing in bitcoin btc is its instability. You do not know, whether you are going to get huge profit or huge loss.
Only invest in bitcoin what you can afford to lose. deefinitely people are making really good profits out of bitcoin  trading  or  mining. but still you never know when this BitCoin bubble will burst and your all investment goes to zero.that is the thing that makes people think that bitcoin is dangerous.

Yes, the instability make bitcoin dangerous for investing nor trading. But all this time I see bitcoin price always growing up and I never seen bitcoin falling so deep for a long time, annually the price keep rising. I guess bitcoin is safe for long term investment.

[BitBite5]

Bitcoin is only dangerous for people who think that it brings only profit and that they will become rich in no time because they are in danger to lose all their money. But I would say that is risky, not dangerous, no one will get hurt from bitcoin.

[daarul50]

Bitcoin becomes dangerous in some situations when one thinks that with bitcoin itself it can benefit quickly, whereas bitcoin cannot deliver it because something quickly has a very high risk, as well as bitcoin. Everything that aims to gain profit must have a process.