Is bitcoin dangerous ?

[ardyology]

I suggest you better do an in-depth research of what Bitcoin is and its whereabouts. People tend to perceive something dangerous only because that something is unknown to them. And that fear of not knowing means you won't be able to control it - and humans are control freak. So yeah, read a lot and gain some pretty solid experience by attending seminars about the blockchain and its first ever application - the Bitcoin.

[kavindra]

danger or not depending on how you view bitcoin, because if for bitcoin investing is high risk because according to what will be, bitcoin can give big advantage also can make big losses, so wise in arranging your investment in bitcoin

[Nabilog]

Yes btc is dangerous for the current existing currency. It could extinct the notes currency system.

[zentdex]

Nakamoto’s goal is to revolutionize payment transactions, to make a secure, proficient, quick and decentralized network. I don't consider it to be a peril to individuals or even the web, since it is beneficial as opposed to making issues. Be that as it may, the primary issue government posture is the tricks and illicit plans led through the assistance of bitcoin. What risk it could bring is the instability of its value, financial specialist says that its cost depends on individuals and not on the item or bitcoin itself since it is impalpable. Nonetheless, I consider it to be government is simply stress to innovation which they couldn't control.

[megalith07]

I don't think so if BTC is dangerous base without anyone else sentiment as I comprehended about this sort of work BTC is a cordial client as we investigated like hazardous on the off chance that we will utilize this in awful exchange in any of request still we require an additional watchful by utilizing this we have to get some information about this to have a capacity capable thought.

[Jake Virus]

Yes btc is dangerous for the current existing currency. It could extinct the notes currency system.

I dont think that bitcoin is dangerous why? Because i trust bitcoin very much and i know that bitcoin is very safe and secured and i know that bitcoin can help us to have a better future so i dont agree that bitcoin is really dangerous and i am confident that bitcoin is we will be forever safe.

[cjinny]

No, bitcoin is harmless as long as it is held by the right person. So far banks and governments that resist bitcoin make the issue that bitcoin is dangerous, whereas bitcoin is very safe.

[Heyyyrenz]

Bitcoin has a high potential that would help all the people to make all transaction easier and faster, not only that it can also be used as a investment and savings it can also be used as a mode of payment. Bitcoin can benefits us to our daily lives but we didn't see it's disadvantage because we are all focusing on what can bitcoin do, here are the different threats or danger or disadvantages of bitcoin.

• Can be used to launder money.
• Can be used as payment to blackmarket
• Anonymity of the user
• No buyers protection

The government already see this kind of danger or threats that's why some of the country ban bitcoin.

[usahaali03]

actually the bitcoin is not exactly money because the bitcoin is generated by way of being mined instead of made. Since there is bitcoin, all kinds of online transactions will be simplified again and of course more secure.

[asu]

Bitcoin doesn’t not dangerous at all because it’s goves up more and more many opportunities thay we can take? So how does it can be dangerous?. It’s more on that bitcoin csn change some life from poor to rich hehe like just me lol

[kevinZD]

Bitcoin is not that dangerous, we all know that sometimes this is risky, but it depends on us how we handle bitcoin. If we invest it, bitcoin can give big advantage of our lives and it can be big losses too, but it depends on how we handle bitcoin, so we need to be wiser about this bitcoin.

[cryptoquality]

Bitcoin doesn’t not dangerous at all because it’s goves up more and more many opportunities thay we can take? So how does it can be dangerous?. It’s more on that bitcoin csn change some life from poor to rich hehe like just me lol

It seems like question is about investing dangerous. If I understood right he or she is asking if investing bitcoin is risky. If that is so then my answer is yes it is very risky especially you don't know what you are doing. Because there is incredible volatility that can cause you to make a lot of money or lose a lot of money.

[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 ?

this is one of the innovations of the sophistication of digital technology. Yes, virtual currency can be used in various ways. many factors why bitcoin and crypto are created.

[tommyeyt]

The risks of Bitcoin are the following:

No national federal bank is behind the currency, so if Bitcoin fails there is no authority that can help you
You can loose your local wallet (thats the most likely risk ) so you will loose access to your Bitcoins forever
You store your Bitcoins on a central portal, similar to a bank account and this account gets robbed and again you loose all your Bitcoins
Bitcoin looses market cap and trust and the value of Bitcoin is decreasing again

[gunungkembar]

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 only has a danger level in the price issue, when the price is high and suddenly bitcoin already has no value then the price can drop drastically back to the very cheap price and make the bitcoin buyers at very expensive price to be depressed.

[Romeotom]

No, I think many people dangerous but not bitcoin. Bitcoin is a legal crypto currency. Have a many people they don't know bitcoin about, using system and crypto currency.

[SHAWN-MIDWAYS]

bitcoin was developed to be user friendly currency and basically to mark the beginning of a new generation of currencies and not to be dangerous.

With the use of bitcoin i think we also get to experience fewer problems such as inflation as total supply is fixed, unlike fiat which can be printed anytime!

[tech72]

Bitcoin is safe. Because it has a good security system but it's risky too. Of course, it's not dangerous, even that it has the potential to get you more profit.

It is a currency, it can't be called safe or dangerous. It depends on which people use it and how and for what purposes. Normal people like us see it as an opportunity to invest and get returns when price rises. For big players and companies it acts as a medium to transfer large funds with very less fees. It is also used for anonymous donations which can be going to wrong hands. It's drawback are just like normal fiat currency.

[cryptokudi]

As long as we can use bitcoin for good things then bitcoin is not dangerous. maybe the danger is because bitcoin price is too volatile so this makes people too afraid to invest their money that if they know that is the beauty of bitcoin, then they will not afraid. if we use bitcoin as the investment then we need to know that bitcoin has a risk and some of us will say that every investment is dangerous.

[MattCrypto43]

Yes bitcoin may be dangerous for you, if you dont know how to use.

End of me its 100% safe investment