Is bitcoin dangerous ?

[Mazda17]

Wow how you can say that bitcoin is dangerous? of course not, it is all the opposite.
Bitcoin has improved a lot of lifes in here, and i am sure that a lot of people have changed all their finances in a good side. So why would it be dangerous? of course not, it is all the opposite..

Your opinion is very true once and I agree with your opinion, that bitcoin is not very dangerous even bitcoin always improve many lives of people including myself.

[snoopy95]

I think somehow it is dangerous because due to technology, so many hackers are out there trying to ruin everything. Everything is dangerous in this world and sometimes it also depends on how the user handles bitcoin accounts.

hi and welcome to bitcoin

Bitcoin basically involve risk which is somehow considered as dangerous so the Biggest Risk of Investing in Bitcoin is it’s instability. You do not know, whether you are going to get huge profit or huge loss.

Definitely people are making really good profits out of BTC trading / mining. But still you never know when this Bitcoin bubble will burst and your all investment goes to ZERO.We know that Bitcoin platform is the bed of roses, but the reality is quite different. Bitcoin has a lot of risks as well. but it depend upon the user that how it take it .

so overall its not dangerous,its all opposite as bitcoin changed finances of many people on the good side.
 
thankyou

[irienoodles]

There are a lot of ways to interpret this question

Dangerous in what way?
a. that your money can get lost thru loss in investing?
b. that your money can get lost thru hacking?
c. or that you might get scammed?

there are different types of risks in different types of investments
1. as for example in investing on bitcoin - you can lose your money if you will not be good in decision making on whether you are going to hold on to your coins for larger value or sell it to cut your losses if the price of it goes down.
2. your coins are in danger if you will not be responsible in keeping your private keys on your own. there are a lot of hackers in this cyber world.
3. you are also in danger from scammers who will try to fool you to get your coins from you.

The use and safety of this crypto currency lies on the hands of its users

 

[tukangsiomay]

bitcoin is not dangerous, but some people or a group of people used bitcoin
for crime or drugs transaction, its make image of bitcoin is bad

[trako]

bitcoin is not dangerous. it just has some hard ups and downs. which is why the strengths are now few. Soon the states will make the necessary arrangements for the bitcoin. it will reach a certain legality. will go into the systems of existing banks. this process is transient, although transfer fees and time are difficult.

[dharnamonitor]

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, it is as simple as the reason why people created coins, and then paper money, and that is because of convenience, bringing lots of money with you gives you this feeling that you are not safe, security is such a big issue when it comes to our properties and money, and that is why people created cryptocurrencies, because of security and convenience. That is what I think.

Yes, I agree and it is actually to change the system of centralized way of monetary system. I think he was doubting the existence of bitcoin since we have a lot of currencies,  thinking that it is not necessary anymore to create new currency? But it was not just like the other in which you are bounded by the government and any other banks but this crypto isn't like that, it's decentralized and anonymous and it makes your money more secure because of that, you're controlling your own money.

[Aristus]

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 ?

What bitcoin has today is the thing that do not have those currencies you had been mentioned. And it is not in the secret place how bitcoin is better compare to all cryptocurrencies.

[Protected101]

Bitcoin is not dangerous although this is decentralized we are not sure if it is stable.Many people doubt in bitcoin because there are some country that banned it and did not legalized.But I dont think so if it is dangerous ,its really helpful in our economy it can reduce poverty if we work on it.Digital currency is next to our fiat in the future.

[barabut]

Bitcoin prices have fallen below $ 16,500 during the last hours due to the recent news from Japan and a tweet that a trader mentioned in a crypto money market is constantly selling.
You can decide whether it is dangerous or this is risk?

[ogini]

Bitcoin is not dangerous,to me is just a normal currency  as to the way i see other currency  because it has really help me a lot,push my financial problems.

[Nida Salva]

Yes, bitcoin has easiest and fast transaction when in terms of money. Mostly nowadays, there is an internet. That's way bitcoin is in demand.

[edgarcoinny]

I feel like all cryptocurrencies are a bit dangerous since we have no way of assuring that they will increase or decrease in price and also have no way of knowing if they will completely be phased out and disappear.

[Imraulrafi]

It every time danger if you investing in this forum to unable timing.

[LegGekkouga]

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 itself isn't dangerous, gambling in bitcoin is or in any gambling places. There's that but if you want to earn money without investing any just apply for a signature campaign or anything like that.

[Krishan_94]

For long term holding, bitcoin never be dangerous.. Because bitcoin never gonna go down as far as i see.. But for day trading , you should be very careful with numbers.. Because even decimal points make big change in USD value. In that case btc is dangerous.. Thats the only place it becomes dangerous.. Otherwise bitcoin is very stable now a days.. Theres nothing to worry about it at all.. Even though crashes happened, all the times it came back much stronger.. Dont think twice to invest on btc..

[johnrickdalaygon]

Yes bitcoin is dangerous and risky, Bitcoin has no safety mechanisms. Typically, you'll get a private key or random words which protect your wallet. If you lose your key, your funds will be gone with it. There's no support to contact, no way to change the password, and no way you could verify your identity to get your account back. When it's gone - it's gone, there's nothing anyone can do.

[christmark183]

Maybe not too dangerous. but this the changes from cash to simply way.

[jaaeeeyyyy]

It's kinda risky specially today that bitcoin costs almost $20000, it made you think that if you invested to it and all of a sudden if goes down its a big loss for you. Regards to its uses , its not that dangerous as you can transact anonymously. It does not need any forms to fill like name , age , location etc.

[joshua05]

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

[cutecute]

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 ?

No bitcoin is not dangerous is it safe to work on it and is it legal in some country. Some said bitcoin is dangerous and risky but I can't see the reason why is it dangerous and risky. If you read all the information that you need to know you can't say that it is dangerous because there are so many process here.