Is bitcoin dangerous ?

[Emitdama]

Bitcoin is only dangerous when you invest everything or most of what you have just to gain the hype and trend of bitcoin. It never was made dangerous because it is just a technological monetary and should mainly use for transactions and etc throughout its system.

No I don’t think so, besides I think that bitcoin is a blessing because it has given thousands of people a huge profit and also in this form many people are making money without any investment. I have found a job at my home. I am making money from my bedroom.

How can I say anything dangerous about bitcoin? There is nothing to be dangerous in bitcoin. Its future is safe and it will be the mainstream in the future.

[datodota002]

bitcoin is 2 side blade there the danger behind bitcoin because bitcoin is anonymouse so you dont know with who you transaction, this make bitcoin user most use bitcoin as payment to something illegal.

[batang_bitcoin]

I'm wondering why bitcoin was made if there are too many currencies in each country

Are you referring to those currencies that are made by every countries Central Bank? Bitcoin was made by Satoshi in a belief that it will end up the centralization that was made by the goverment when it comes to transactions and currency and it will make us free from financial burden.

why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

They want to upgrade bitcoin and others does have their own goal own making tons of money from producing new crypto's.

[illusion_ishita]

According to me its not dangerous but BTC is little bit risky because its value depand on market value. People who like to take risk it there life this was the platform for them. Taking risk is not good always so beware but if we deal with it wisely then we definately get profit from it.

[posoa]

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 ?

Because this is the future! Who would want a type of currency that is easily lost and will get wet when you carry around? But digital currency needs internet though.

Bitcoin is not dangerous, it is about the future, where it will be globally accepted,as it is  use for online tradings, online payments, and other online transactions. As a digital currency, it is use for investments which after holding for years appreciate with an unimaginable gain.

[seanskie18]

No, bitcoin isn't dangerous because it has security that can help the money of people will be secured. It is not harmful to anyone. Actually, bitcoin is the key to success.

[cryptojohn9]

Every business has a risk. The term business risk refers to the possibility of inadequate profits or even losses due to uncertainties. Although Bitcoin price or its market value is volatile and payment is anonymous. It is because of the strong demand, crazy investors and less supply. I think Bitcoin not a dangerous currency if you invest safely.

[blackbutterfly]

It depends upon the situation, but for my own opinion, bitcoin is probably dangerous and can be gone in time, even bitcoin is the easiest and secured crypto currency can be scammed to many people.

[konfuci]

Bitcoin can improve the efficiency of payment, it is not inflationary, it is lower than the banking industry. Many countries will start accepting Bitcoin legally so I think it is no way dangerous.

[Rashid555]

I think bitcoin is not dangerous because it is also a type of currency which is used in our daily lives. if we say that this currency is dangerous then we don't have the proof to explain the danger effect of bitcoin bitcoin is good and it is the modern era currency people is using this for many transactions like they can buy things online with in couple of days without any problem and it is good to invest in these currencies.

[randyg29]

I think bitcoin is dangerous to those people who didn't know how it works because they don't trust bitcoin, but for me it is not dangerous because it has the potential that can change your life even you don't have a real job in your place that's why I don't see bitcoin that is dangerous.

[cryptomato]

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.

Well, it is safe as a currency but it is still not recognized a currency by a lot of the countries here in this world. Bitcoin is said to be a threat to economy of countries, I think it is because bitcoin is said to be volatile, decentralized and anonymous, which I think may attract people to use it but when the more users of the country and the price of bitcoin decreases, I think it will be also affecting the economy.

Question is a bit vague. If question is "Is trading bitcoin dangerous?" then my answer would simply be "yes". If you look at the price graph and draw trend line you will see that angle of trend is very high and in any market who has sharp trend means it is dangerous, you can lose or earn a lot of money. same goes for forex training.

[DassKass]

No. 

Because the number of bitcoins is capped, I just don't see the total value of bitcoin becoming big enough to have macroeconomic effects. 

And it's no way the most dangerous thing ever invented.  Unregulated subprime mortgages and credit derivatives were far more destablizing and dangerous than I can imagine bitcoin ever being.

[Ragi2355]

This same question was on my mind but after seeing people intrest and views on bitcoin it seems intresting. Bitcoin is dangerous for those who do not know how to use it and who use it with their mind . There is a lot of risk but we have to be our own saviour by keeping information private and bitcoin is leading cryptocurrency which is making money

[munareal]

Bitcoin is not dangerous in itself because it  improved on the issues of  fiat currencies.What made it dangerous is when your account is hacked and your coins stolen .The advantages of bitcoin is more that its demerit .Bitcoin makes  fast transactions with low transaction fees.It can be sent anywhere in the world by any body and it is transparent not controlled by any one. Its addresses are  flexible and easy to open with no paper work.

[savushkinTA]

I suppose it ultimately comes down to a political one. Libertarians want the opposite world to the one we live in today where bitcoin is a threat.

[stainedsoot]

Bitcoin is something that is taken care of by a lot of people who want to make the system safe. Bitcoin is made to make easy digital and wireless transactions.

[aray80]

I think, it all depends on the user instead of the currency itself. If you use it for a good purpose rather than a very safe but if someone uses it for crime-related activities rather than dangerous .. maybe it could be ...

[coinholic]

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 ?

By dangerous, do you mean life threatening? Or just plain risky? Lol! Dangerous is quite a heavy word for Bitcoin coz I really don’t see it as dangerous. Risky?
Yes! It is more of a risk than danger. Everything on the planet is risky. And Bitcoin is no exemption.

[Freshmen]

If one day bitcoin is worth more than $ 100K I imagine people laughing at us when we ask ourselves if buying bitcoin was risking buying it at $ 20k

Bitcoin is not dangerous and you are right that these are banks that made bitcoin dangerous because they do not want that people invest in bitcoin.

Their investment has been reduced due to huge investment in bitcoin and why people not invest in bitcoin? It is giving a huge profit to its investors and it also provides a facility to use bitcoin anywhere in the world for their purchasing. It is far better than keeping money in banks.