Topic: Bitcoin Dangerous ? - page 23. (Read 2296 times)
if it is said the danger why until now the existence of bitcoin is still sought and traded all depends on the owner if they use as illegal transactions it will lead to danger and if they use as a necessity of life it will feel very blessing
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
It's not the bitcoin is the dangerous here but the people who uses it for illegal transactions. One of the biggest reason why other countries prohibit using bitcoin is to prevent scammers and illegal activities. They're using bitcoin in illegal transactions because it's decentralized and the people who transacts is anonymous. Scammers always exist even to the real world and they have no exception even here in the bitcoin community. Government leaders wants to protect their people from being tricked while using cryptocurrency and this is the reasons why cryptocurrencies banned in some countries. 
I don't see bitcoin dangerous. it is a great option for our future and we will have lots of benefits from it. I believe in it
actually the right one is at risk, because this bitcoin is not regulated, it can be said to be free market, and what makes it dangerous is people who abuse bitcoin transactions like terrorism.
It's not a Killing machine, it's not a Drug . Even it exist virtually only.It is just a method of transaction, how it can be such a Dangerous.
And if your country have full of corrupt leaders, middle aged law system then everything is Dangerous.
And if your country have full of corrupt leaders, middle aged law system then everything is Dangerous.
Hard to trade. You can't just use a credit card to buy Bitcoins online specifically because of the reasons outlined above. There is no easy way to buy them or sell them. There are many exchanges that offer such services in various ways, but it's not as easy as transferring money to and from a PayPal account just yet. This is likely to improve fast as more services will compete to offer convenient solutions.
Still too new. Bitcoin is only a few years old. It's possible that a competing crypto currency becomes more successful than Bitcoin or that somebody somehow finds a major flaw in the system. We don't have decades of history yet.
Can't buy stuff. There aren't a lot of places where Bitcoins are accepted as payment. This is likely to change, but for now the average person will mostly buy Bitcoins as investment.
Easy to lose. If your credit card is stolen or somebody hacks into your bank account there is a good chance you will not lose any money as banks will fix your balance. Even cash can be potentially recovered if the police acts fast. But with Bitcoin if you lose it you lost it for good. There is no mechanism to recover stolen or lost Bitcoins. If somebody hacks into your wallet where you store your Bitcoins you lost them for good. The best way to store your Bitcoins is on disk that is disconnected from the internet.
Bitcoin is not dangerous it's on people who are using it.
I do not see that bitcoin is dangerous, first, it was created as another means of currency, and it is tk halp battle inflation or recession, during the time of 2008, people were looking for ways on how to improve the finances and bitcoin being easy to mine at that time,some looked at bitcoin as ways on hiw they get out of poverty. Second, bitcoin is much more economical, you do not need to prinet or mint, it is just codes, in order for us to have a much better transaction than banks, third, in the hands of good people, bitcoin will help a lot of people, bitcoin itself is not dangerous, only those people who have bad intentions will make something that is made for the good of humanity into something that will destroy us, just like nuclear power.
Bitcoin per se is not dangerous but same with fiat, it is what you will do or purpose for it may harm you. Bitcoin is being used by some in illegal activities wherein an imminent danger is inevitable if you get caught.Also, a danger to lose your bitcoin if you dont care to save your private keys, you'll lost your crypto assets.
Bitcoin is dangerous for the people who are careless in working. Otherwise btc is the best investment for the future.
No, It's not bitcoin is good and it's depend to the user if they use in illegal activities. Bitcoin is still good to buy in the market as of now the price is still good entry.
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
Well the only reason why some countries ban bitcoin is that they are only protecting their own national currency and is only concerned for money laundering activities.
I know I haven't seen any sign of danger since 2013. I don't think bitcoin is dangerous.
I do not see that bitcoin is dangerous, first, it was created as another means of currency, and it is tk halp battle inflation or recession, during the time of 2008, people were looking for ways on how to improve the finances and bitcoin being easy to mine at that time,some looked at bitcoin as ways on hiw they get out of poverty. Second, bitcoin is much more economical, you do not need to prinet or mint, it is just codes, in order for us to have a much better transaction than banks, third, in the hands of good people, bitcoin will help a lot of people, bitcoin itself is not dangerous, only those people who have bad intentions will make something that is made for the good of humanity into something that will destroy us, just like nuclear power.
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 believe the main thing is that cryptocurrencies have the potential to be very disruptive of the more established financial industry, and that can be scary, especially for those who stand to gain the most from keeping the financial industry the way it is. Cryptocurrencies don't have to replace traditional financial institutions but those institutions are going to have to adapt. They've had a pretty decent monopoly on money transactions for so long that I think they've gotten kind of lazy, and at this time it's easier to try to ban the source of the disruption than to do the hard work of adapting. And, financial institutions and governments tend to have close ties. Eventually the banks, etc. will adapt, but in the mean time, they're kind of fighting it because that's easier.
the terrorist component and some of the crime abuses use the anonymity of bitcoin to transact. The government will not be able to track who has traded bitcoin for bad performance. So some countries have taken measures to prevent bitcoin and that is perfectly reasonable. Although they affect the crypto market, that is what governments need to do.
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 believe the main thing is that cryptocurrencies have the potential to be very disruptive of the more established financial industry, and that can be scary, especially for those who stand to gain the most from keeping the financial industry the way it is. Cryptocurrencies don't have to replace traditional financial institutions but those institutions are going to have to adapt. They've had a pretty decent monopoly on money transactions for so long that I think they've gotten kind of lazy, and at this time it's easier to try to ban the source of the disruption than to do the hard work of adapting. And, financial institutions and governments tend to have close ties. Eventually the banks, etc. will adapt, but in the mean time, they're kind of fighting it because that's easier.
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 legit how come it will become dangerous? Is it because you are once a victim of scams, fraud or any illegal activities involving Bitcoin? Well honestly, it is always a choice to be a victim. Bitcoin is like guns, guns don't kill people, people killing people. Bitcoin is an idea and it can only be used to create danger or whatever you may call it. Bitcoin itself will not harm everyone instead everyone harms Bitcoin. Countries prohibit the use of Bitcoin maybe because they don't want crypto either to dominate their local fiat currency or have competition. But there is nothing to worry about because not all countries were into banning crypto related transactions. Just spread the news about crypto most especially Bitcoin, share it with everyone arround you and we will be doing fine. 
it is not dangerous, other people think that bitcoin is dangerous why? Because others say its risky and its true but in other way it can help the investors to get some profit even if it have an issue like that so why we really think that btc is so dangerous maybe others dont believe it or they are just not know about bitcoin itself.
Jump to: