Bitcoin Dangerous ?

[blackbutterfly]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

For me bitcoin is not a dangerous kind or online job because you dont need to invest anything.it is an online that gives people a chance to have a job although some of them are lack of educatoin.it is not going to be dangerous because in other country,they have been already used bitcoin as thier currency.so dont be afraid,lets just wait what our government says for it.

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[arteezyy]

It is dangerous because the value of 1 bitcoin is very high eventhough there are no definite value for the currency itself. The rarity of bitcoin is what makes it so valuable and by many people investing on it.

We can compare bitcoin to a gold bar the value of every gold bar is directly proportional to how much it weight because as most of us know, the gold itself is a rare item and thw supply is also few but the demand is high, it is also very versatile where it cam be used in many things and we can use gold in constructing many items in real life that can beat the quality of many items where steel was used.
But if we look at bitcoin itself it was only rare because bitcoin has only an exact number and since it is a cryptocurrency, there is no other uses for it in building many items and materials but can only be used in many transactions and that makes it valuable, imagine what if less people invested on it and less people took an interest on it? Thats why its dangerous and yet its worth the risk because of high return if you invested at the right time

[Abete]

very unfortunate if bitcoins are categorized as dangerous. I know bitcoin since 2013, I do not see any danger signs. Indeed, some individuals take advantage of bitcoin fame for evil things. such as kidnapping or terrorism. it's a funny thing to associate with bitcoin. if you understand and find out the usefulness of bitcoin, it's amazing bro!

[Carlsen]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

I just wanted to mention that the number of countries that really prohibited or banned bitcoin is very, very low.
Most countries do not recognize bitcoin as a legal tender, but that is something completely different. That simply means bitcoin is rated by the officials like a stock, for example.
Owning and trading bitcoin is not restricted in any way if bitcoin is not a legal tender.

[andohyeb]

Financial terrorism and money laundering has been on government radar for a long time. As bitcoins and crypto currencies boom, governments are finding it hard to handle such issues. Hence most government want to ban it. If verification and compliance by its users become effective, it wont be dangerous to government.

[Hopeful2017]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

I think Bitcoin is not dangerous, it's the countries or the governments that make Bitcoin dangerous. These countries are threaten or afraid of Bitcoin because of its natur as decentralized and not able to control by anyone. Also, nobody knows where is the main root of bitcoin and how it can be developed or reproduce. Governments are afraid that it might overtake the market of the whole world.

[gwapo.zylle]

One more reason is that it would reduce the liquidity of banks. Provided that bitcoin is large enough.

You have your idea but for so many reasons I would say no danger at all. Even the status is flactuated I consider it as a challenge rather than thinking for dangerous. Maybe in other country they prohibited bitcoin but Maybe it is because they do not know the value brings of it.

[Andria123]

i dont think so,but what i see bitcoin is not dangerous,its depends on us how we use it in a proper way or how we understand what bitcoin it is,if we do research many opinion within negative and positive feedback's,   but in my side bitcoin i really appreciate what it is all about,base in my own research bitcoin is a large particular moving in social media that many of us ,gather a time for the bitcoin to improve a better living

[oli123]

Bitcoin is very often associated with crime, money laundering, even with the financing of illegal activities. For all these activities it is obviously Bitcoin use.
In contrast to traditional money and cash, however, Bitcoin is not suitable for illicit purposes. All transactions are forever recorded in a blockchaine that anyone can access (e.g., at blockchain.info).
Transactions do not include the name of who sends and receives bitcoins, but it is not hard for practitioners to track true identity.
That is why several alternative cryptocurrencies have emerged, which are much more anonymous.
Here is one interesting picture associated with bitcoin: https://imgur.com/sSABSEl

[Jaya912]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

Bitcoin is not dangerous at all because bitcoin is very profitable and bitcoin is the only chance for me to get high income and nearly financial freedom.
Bitcoin is near to be high risk but not dangerous. We can manage high risk by learning before involve here.

[yj300316]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

On my personal opinion, bitcoin is not dangerous. it is not even harmful for anyone.
it is the opposite, bitcoin and other coins makes everything simple and easier.

[isaevaen]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

Some people use Bitcoins for illegal activities. But that happens to other forms of payment like PayPal as well.

[joebrook]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

Bitcoin is actually not dangerous at all just that some people are using it for things that are frowned upon by the governments, Money laundering, tax evasion and the sponsorship of terrorism are some of the reason why most governments are either regulating or banning bitcoins.

[Lyne01]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

Governments regulate bitcoin because they are lossing too much. First, they are loosing manpower because people prefer to do bitcoin over joining a regular job. Second, bitcoin is tax free and government cannot impose tax directly to bitcoin. Third, bitcoin has freedom, decentralized and governments always want to be centralized. Last, bitcoin is a threat to them becAuse banks are loosing investors.

[bit-freedom]

No, I don’t think Bitcoin is dangerous. First of all, there are many fuds going on about some countries banning bitcoin.

And mostly the countries don’t ban bitcoin but are looking to regulate.

[AliMan]

No, I don’t think Bitcoin is dangerous. First of all, there are many fuds going on about some countries banning bitcoin.

And mostly the countries don’t ban bitcoin but are looking to regulate.

Bitcoin itself is not dangerous at all. Users of it took advantage and abuses its power. Bitcoin can be used in terrorism, cybersex, gun for hire, an exchange for drugs and etc. Bitcoin can be dangerous and can be prohibited on any country because of the following reasons.

[rolls89]

Bitcoin turns dangerous for the countries and economies which banned them.The fluctuating nature also makes it dangerous.

[Apple Mac]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

Lacking of information and knowledeg regarding Bitcoin is dangerous specially if you are planning to invest here, you should be guided by a person who knows this better and you must help yourself so you can be aware cause if you are not expect to be scammed by the heartless people here which is very common now.

[bilal_jan321]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

this is because many people are using it a wrong way, for instance, some are using it for money laundering, for ransomware (petya). These are some reasons why some countries are againest it.   

[Eureka_07]

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

Bitcoin is dangerous in some ways like the common threat is that most of the illegal sites involves bitcoin in their transactions. This is the reason why some countries have banned bitcoin in the community because they are just trying to protect their citizen regarding these illegal activities and terrorists. Another thing is it can be dangerous in a way that it may attract thieves and it may involve money laundering. Bitcoin itself is safe but the dangerous thing here is it is not used properly in some situations and that makes it dangerous.