Is bitcoin dangerous ?

[levvv]

Bitcoin dangerous or not is depend on what it is used for.
For example now i ask you, Is knife dangerous? The answer is simple, it become dangerous if it is use for evil and other negative and destructive things.
But it is useful too if its used for other many good things. So, bitcoin dangerous or not is depends on the case here, if it is used for scam, illegal things and other bad things, yes it is dangerous. But if it used for doing good things such as payment, donating, and other good things, its not dangerous, its very useful.

[sinta23]

yes it is.. it has a very high risk.. and dangerous.. it has potential to drop or dump hard or might crash. to make sure we didnt fall. you must be active in the internet. always keep on to date. dont miss any some new information about it and play safe.

if we go through everything carefully it will not be a danger, as long as we are careful and carefree, it also requires a high concentration and thought in using bitcoin, and we also have to have patience.

[saffira]

No it's not dangerous as long as it is not used illegal. It is risky. But as long as a person is wise and really understand it there is no problem. It is just being open minded on the digital world. We are in the new era of technology advancement. Being responsible and careful will not lead to danger.

[dyewic]

Bitcoin is not dangerous. It future currecny for improve you life and you will gather more information. You will know the bitcoin process then will understand the bitcoin. Bitcoin will be connect the all country people. Bitcoin is give more opportunity for the improve your life. You will learn the information from bitcoin. Bitcoin is improve the people life. People will be growth country will be growth. Sl

On my opinion, I think bitcoin is not dangerous. It is now on trouble season. Increasing a rapid level is not good for bitcoin in this position. So i think it will come good news from them. In addition, The way you use your bitcoin spending on or doggy ways to earn them coins. Going the legit part is always fun so stick to that, as I said its all on the way you use your bitcoins. But I also agree on your opinion that, It future currecny for improve you life and you will gather more information. And we will know the bitcoin process then will understand the bitcoin.

[TorbiK]

For someone, it can be dangerous. Perhaps for the authorities. On the contrary, Bitcoin helps ordinary citizens feel themselves wealthy and independent.

[Gabrieelle]

For someone, it can be dangerous. Perhaps for the authorities. On the contrary, Bitcoin helps ordinary citizens feel themselves wealthy and independent.

It's true, for the government they consider bitcoin dangerous because they believe it is used in illegal transaction. Also to the banks that are considering cryptocurrencies as a competition in their kind of system. But to those people who are knowledgeable about bitcoin they won't believe in this kind of fake news right away because they try to search about it first and understand how bitcoin really works.

[palsua]

yes bitcoin is dangerous because it's risky and dangerous. but depend yourself too.

[Buttercup123]

Authorities says bitcoin is dangerous due to the fact that it is unstable. If you invest one day the other day it will loose value. That was there concept but those who are smarter and more open minded, bitcoin can be a great asset to hold for future because due to its instability,  it can suddenly rise up and one can gain a huge profit out of exchanging and trading.

[gabbiee]

No it's not dangerous as long as it is not used illegal. It is risky. But as long as a person is wise and really understand it there is no problem. It is just being open minded on the digital world. We are in the new era of technology advancement. Being responsible and careful will not lead to danger.

If we don't take risk we won't go anywhere. Taking risk is much better than not trying at all. We all know that investing in bitcoin involves high risk because of its volatility but if things go the way you want it to be, you'll be profitable in the long run. We just need to be careful in investing our money, see first if it is trustworthy before making decisions.

[crypto_angel007]

In my opinion no. because it's not control by any country or bank. so you can use your money when you want and you can keep your privacy too using bitcoin.

[gigatux]

The Biggest Risk of Investing in BitCoin BTC is it’s 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. 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. If the government decides to declare owning Bitcoin illegal, you may find yourself in trouble. Currently, the government’s stance on cryptocurrencies is not clear and the danger is real as Bitcoin is not taxed. This is somewhat of a competition to government-issued currency. Other regulations could also make Bitcoin less attractive.

[daarul50]

Actually, bitcoin is not harmful. But, what makes the bitcoin dangerous is if you are wrong investing because now if we want to invest it must be careful to choose where to invest, lest we are fooled by the criminals who provide investment fraud services

[BlackBeauty]

Actually, bitcoin is not harmful. But, what makes the bitcoin dangerous is if you are wrong investing because now if we want to invest it must be careful to choose where to invest, lest we are fooled by the criminals who provide investment fraud services

Bitcoin is very beneficial currency and many of people gets big profit because they know its price will more high that's why they invest their money and they can blind trust on bitcoin they know bitcoin will never lose their profit, so many of people invest in bitcoin.

[GoodLuck2]

why bitcoin dengerous?? it will most county use of bitcoin payment.... I think bit[Suspicious link removed]d efficiency for country business..

Exactly bitcoin are not dangerous. Rather they are the need of time. Bitcoins are not only the source of income but the most important currency of the world in near future. Besides being a fantastic mode of payment, bitcoins are just creating an incredible effect on the business entity of a country. They are taking the economics up and high in the sky and this is the beauty of it.

[cryptodrei]

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 that someone who you are talking just created the most valuable digital assets that the human can ever have,he doesnt like the centralized fiat thats why he created all of this.

[Tariel]

A lot of them. The important thing is that bitcoin is not actually currency. By definition, the moneys must be: "a" is recognized and "b" liquid. Either that, or another cryptocurrency is not. Its course is changed every 10 minutes, the exchange bitcoin for real money is fraught with several challenges. And, of course, no Bank recognize your kryptonite real money.

[nitrousteam]

Bitcoin alone is not dangerous. With the involvement of the certain type of the people, it can become dangerous in some way. Its anonymity provides comfort and discretion for the holder of this crypto coin. This anonymity is presenting big treat for the governments which want to be in the control of the absolutely everything but they don't have the power and the means to take control over Bitcoin. Bitcoins undisputed power is in its limited supply and also in the unique blockchain, we can easily say that BTC is a predecessor to all the current coins that had made the breakthrough to the market. The danger lies in the eyes of the beholder!

[youngagethinker]

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 ?

The opening topic does not correlate with the title.
I will answer how bitcoin can be dangerous.
Geography. In some countries BTC is prohibited so it is obvious that earning or using some BTC in that country might put you up in cell.
You are going full throttle. Invest wise, always diversify, you can't afford to lose all your treasure in one sink of the boat.
Earning it the wrong way. Pyramiding scams and Ponzi are very immoral and must be stop at all cost especially those who are unregistered, if somethings go wrong you might face multiple violations.
Mining. Safety first, without professionally made miners might bring you some fire trouble.
Be careful

[BlasterS]

Dangerous? I don’t think so that the company and management of bitcoin is too dangerous in the public. In fact the thing they called ”dangerous” is the company who helps lots of people to live better and become financially stable without even doing something for it.

[crustycrab666]

Dangerous? I don’t think so that the company and management of bitcoin is too dangerous in the public. In fact the thing they called ”dangerous” is the company who helps lots of people to live better and become financially stable without even doing something for it.

I agree with you. If bitcoin is dangerous, surely all countries in the world will be banned bitcoin. But in fact, only a few countries prohibit the use of bitcoin, while others do not matter. That is, bitcoin is not harmful, but has not found an effective way to prevent the occurrence of crime when using bitcoin.