Is bitcoin dangerous ?

[MD Milon]

Bitcoin is a cryptocurrenvy.it's a digital currency.by using Bitcoin,lot of people overcome own proverty.lot of people benefited by using Bitcoin.

[Farma]

of course not, but it's risky. I'm sure, many people accept bitcoin, and are ready to risk, but of course it's not dangerous, even that it has the potential to get you more profit

[Zirch]

I think , bitcoin is  safe.
Many country permitte bitcoin trading , but doesnt make regulation system.
It's legal in many countries....

[ejswift]

In my opinion bitcoin is not dangerous for me because its a legal not illegal so u can use it where ever you u want but theres a possibly that bitcoin us dangerous because sometimes theres a fake bitcoin that cab hack you wallet so be careful pick a right wallet for you that is very secured and safe plus dont trust free bitcoin yoy see in the internet uts fake or the bitcoin mining app or something like that

[lady pink]

First - It is dangerous if you put all your money in it because only two things can happen: It can either increase your wealth substantially or it can zero all your assets. Hence, in this instance, you have to be wise by not putting all your eggs in one basket. You have to scatter your investments so as to divide possible losses.

Second - It is dangerous if you have Bitcoins already yet you have exposed your accounts to others. In this scenario, the security of your Bitcoin accounts/wallets is at risk of getting robbed. What is more is the fact that it cannot be easily traceable once your Bitcoins have been hacked or robbed from you.

Third - It is dangerous if your country of jurisdiction have made all possible measures to ban Bitcoins. Well, in this case, you can hardly encash your Bitcoins. Neither can you do any transactions involving it.

First - It is dangerous if you put all your money in it because only two things can happen: It can either increase your wealth substantially or it can zero all your assets. Hence, in this instance, you have to be wise by not putting all your eggs in one basket. You have to scatter your investments so as to divide possible losses.

Putting all the money at a single place is always dangerous, professional investors don't practice it.

Second - It is dangerous if you have Bitcoins already yet you have exposed your accounts to others. In this scenario, the security of your Bitcoin accounts/wallets is at risk of getting robbed. What is more is the fact that it cannot be easily traceable once your Bitcoins have been hacked or robbed from you.

There are few other ways to make bitcoin safe like by using cold storage, no one can access anyone's bitcoin when using a cold storage.

Third - It is dangerous if your country of jurisdiction have made all possible measures to ban Bitcoins. Well, in this case, you can hardly encash your Bitcoins. Neither can you do any transactions involving it.

Yes it is dangerous when your country bans it but still there are people who can do it somehow by using VPN.

[tikaka]

I think bitcoin is not dangerous. It was created for the purpose of serving people. Bitcoins are created by human creativity for future growth. You get it as you are catching up to the era. Bitcoin has great potential in the future

[kokobaba880]

I don't think so that bitcoin is dangerous like in the present time the bitcoin is used by mostly the rich peoples and those who are intelligent and educated the investors are the wise personalities they have invested their millions of money into this currency so we can say that bitcoin is not dangerous. It is simple to say that when this is dangerous and not important why would these people come to make investments in this currency bitcoin is highly profitable in the future.

[hghcoin]

Bitcoin is not dangerous, but the ups and downs, in general, still very promising.

[davinchi]

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.

I don’t think so there is any danger in using bitcoin just because it is dependent on internet. If you talk about getting hacked, then in real life there are so many robbers and criminals who are stealing your cash and other expensive things like gold etc. so in short, these hackers or criminal minded people are everywhere. We need to take risks if really want to be successful in life and same is the case of bitcoin.

[UnusualMouse]

I don't think bitcoin is dangerous at all. The purpose of the person behind the bitcoin was to create a decentralized currency where everyone can use without restrictions and limitations unlike any fiat currency right now.

[adsdas]

Bitcoin is one of the safest coin in the world. Why do you think that it is dangerous? You just need buy it and hold when it increase about 40%. Dont too greedy and you will be safe.

[12tribes]

The word 'dangerous' is relative to the word bitcoin. If you say bitcoin is dangerous you must tell us in the way you think or mean it is dangerous.

[gantez]

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 not dangerous in any way. It is actually an innovation to facitate the easy usage of financial transactions. I also see that it takes away the financial borden off fiat which has witnessed tremendous relieve to the financial world.

[pinoyden]

yes it can be dangerous only if you use it on a wrong way like buying drugs or buying illegal things on the web. sure bitcoin is anonymous and kinda secure but there is also a slight chance that you might get trace and caught red handed by fbi's and other authorities that will lead you to get jail or else being shut down by the police. however bitcoin is totally safe if your only using it in a proper way like buying or selling , mining , trading , etc. but always remember that there some countries that restricts and bans bitcoin therfor you need to know it first if your one of these countries in order to avoid any problems and dangers.

[chickenado]

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 ?

Bitcoins became dangerous depending on its user if it is used in different illegal transactions but if the user used it in a nice way why would it became danģerous as a matter of fact it really helps a lot to those people who were having diificulties on applying a job..but through these bitcoin forum people will know and discover on how to earn money through internet even without investments.As far as i know these site were created because of bitcoin and adds popularity in bitcoin in different countries that is why bitcoin is useful for all of its users.

[edzquimno16]

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 ?

Hello, What do you mean dangerous ? In what way ?
Remember that bitcoin will be dangerous in many ways and It can be helpful in many ways. Just bare in mind that if bitcoin for you is having debt then it is helpful for you and if its not then its dangerous for you.
In short bitcoin can be dangerous and can be helpful. Hope it helps thank you !

[Washball]

Bitcoin is a currency, that can be compared to fiat money. And it's not Bitcoin or money that are dangerous, but they can make people do dangerous things like robbing. Bitcoin has increased in price and today's prices can drive some people crazy. They could spend all their money on bitcoins. If they do this with the current high price, it's a huge risk to lose a lot of money. Bitcoin is not dangerous, it can make you do dangerous things.

[marsmyname]

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

Bitcoin is not dangerous at all. Bitcoin is stable crypto currency a high shift in their prices occurred which is more profitable with lower shortage we doesn’t call that bitcoin is dangerous. Future of bitcoin is profitable it will give you positive profit rather than negative. Bitcoin is not a bubble. Those people which called bitcoin a bubble they are under the influence of magic bullet theory of media. Media told them that it id bubble now they called them bubble. Bitcoin is not dangerous.

[balakang00]

Bitcoin is not dangerous because it is safe and secure. It is something on the internet. It cannot be touched, duplicated nor stolen. It is very trustworthy and is very good kind of investment so there is nothing to worry about.

[Melit02]

I think Bitcoin is dangerous, but some threads here can be dangerous if you don't be careful. Many hackers and scammer that can join here, so we need to be aware of that.