Bitcoin Dangerous ? - page 27. | Bitcointalksearch.org

GoodTrout55

newbie

Activity: 38

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Quote from: coinholic on February 10, 2018, 12:12:09 AM

Dangerous? Like life threatening dangerous?

Dangerous for him I guess because he lacks knowledge of it. Cheesy

Quote from: coinholic on February 10, 2018, 12:12:09 AM

Lol! There is no danger in Bitcoin in literal sense. The only danger is the risk of making wrong decisions resulting with you losing everything! Bitcoin is something anyone can use to profit. Now the outcome will greatly depend on how efficiently one uses it.

Wrong hasty decisions can easily break people not only in BTC. As for investing in it, learn things first before making any move most especially there's a money involve.

AdTraxis

newbie

Activity: 43

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Bitcoin ain't dangerous. It's the people using it wrongly that are dangerous. Governments want citizens to use fiat as bitcoin is anonymous, decentralized and difficult to track btc transactions. Most governments hate this fact. Banks are also out of the equation when it comes to money transfers via bitcoin. So they must pressure governments to ban use of cryptos.

gundala

full member

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Merit: 108

Quote from: mrcash02 on February 09, 2018, 10:20:56 PM

It's dangerous because it makes individuals stronger and governments weaker. Wink

It is true. Some feel scared because the balance and rhythm they set slowly displaced by bitcoin. The decentralized system makes us more independent and free to manage investment independently.

gandhe83

member

Activity: 266

Merit: 10

Quote from: Blackrain13 on February 10, 2018, 12:28:02 AM

Bitcoin Dangerous has two meaning for me. It could be harmfull and risky. Harmfull in terms of users or bitcoiners because of a lot of scamers that do everything to steal the bitcoin of others. Risky in terms of investment because bitcoin is volatile,there is always an increasing and decreasing of price.

In my opinion, there seems to be some confusion here. Bitcoin is a currency, with no specific head or organization representative. So it's no fault of cheating, cheating on the net, or in dealing with bitcoin. Is it possible for groups of bad people, or illegal organizations, to take advantage of bitcoin's popularity and create frauds, hackers, etc. Of course, bitcoin is unstable and risky for investors. However it can not be as dangerous as what you mistook. These may indirectly affect the bitcoin.

yanifitri20

newbie

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There is such an opinion because bitcoin is thought to be the cause of local financial growth being disrupted, but not entirely true, since bitcoin has provided much of the country's foreign exchange.

Sar elok

jr. member

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to my knowledge this is still illegal Bitcoin but not also destroy the user. And so far no any news that we hear from people if using bitcoin can destroy yourself ... even the fact that now we see growing and growing volume of users.

gajebo

full member

Activity: 406

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Bitcoin is dangerous, because bitcoin can potentially be used as a crime tool such as money laundering, terrorist financing and drug transactions. Therefore, bitcoin is still a debate in some countries, and many countries are banning bitcoin in their countries.

galaxing

jr. member

Activity: 168

Merit: 1

Yes, some countries ban bitcoin, such as the use of bitcoin by buying illegal drugs, firearms and others (something bad)
I hope we can use bitcoin with something useful.

carriebee

sr. member

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Merit: 251

Quote from: airdagon on February 09, 2018, 10:22:01 PM

I think the danger is not, but risky. hence from that we must be careful in deepening bitcoin world.
indeed many countries that ban it but that does not mean should not use it. the state just wants to organize it and become the mastermind behind it for the security and prosperity of the country.
some other countries have imposed taxes on their investors.

Exactly, it is not dangerous if it is, why users come and use bitcoin. It is risks in the sense that our money could might lose or not. In a short period of time we can be millionare by investing in bitcoin. That's the issue imposing tax on bitcoin that others dont use bitcoin anymore because of this. But still there are most users involve daily in bitcoin.

Blackrain13

jr. member

Activity: 328

Merit: 2

Bitcoin Dangerous has two meaning for me. It could be harmfull and risky. Harmfull in terms of users or bitcoiners because of a lot of scamers that do everything to steal the bitcoin of others. Risky in terms of investment because bitcoin is volatile,there is always an increasing and decreasing of price.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote from: MuhNofa on February 09, 2018, 08:15:28 PM

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

The volatility, sometimes it crashes to the point holders will lose money and the governemnt of this countries just want to protect their people from this scenario, where people sell their house just to buy Bitcoin only to end up in the losing ends once the price drops to 50% of their purchase price.

pageraji

full member

Activity: 966

Merit: 100

its dangerous because its can make you rich in just one day, or it can make you poor in one hour.. Grin

its because pump and dump, enjoy riding waves of bitcoin

Stegobit

jr. member

Activity: 154

Merit: 1

Bitcoin and other blockchain projects are dangerous for the government, because they undermine it's monopoly (to issue fiat money, maintain property registries, confiscate assets etc).
However, it is impossible to stop due to decentralized nature!

dekudota2

newbie

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NO because bitcoin can help us to our daily lives .

coinholic

full member

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Quote from: MuhNofa on February 09, 2018, 08:15:28 PM

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

Dangerous? Like life threatening dangerous? Lol! There is no danger in Bitcoin in literal sense. The only danger is the risk of making wrong decisions resulting with you losing everything! Bitcoin is something anyone can use to profit. Now the outcome will greatly depend on how efficiently one uses it.

reck1ess

member

Activity: 350

Merit: 30

Quote from: MuhNofa on February 09, 2018, 08:15:28 PM

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. It has no harm to any person, the reason why some countries prohibit the use of bitcoin is that their business goes downs especially those who are on the banks because of bitcoin, for many people get invest in bitcoin instead of banks. Also because of those bitcoin users who uses bitcoin on wrong doings such as buying drugs and other illegal things.

RockHenki

member

Activity: 238

Merit: 10

From my understanding that bitcoin is not dangerous. Bitcoin is thought to be an interruption of many things and it is out of total control of the government. Many countries do not allow bitcoin to thrive within their jurisdiction, some use bitcoin in bad activities like buying drugs and weapons, which is why many nations forbid bitcoin.

Newboybb

member

Activity: 266

Merit: 10

Bitcoin is not dangerous. The danger is the people who use it.
Because many people use bitcoin for money laundering and transfer of assets, many Asian countries are not allowed to do this because they cannot allow there things happen.

Siopao

full member

Activity: 182

Merit: 120

I don't think bitcoin is dangerous but it van be risky for the government. Due to its decentralization some people abuse it and use it as payment for illegal transactions. Bitcoin also is being used to scam, can also be used to money laundering. That's why other countries ban it. But if we just use it solely to have a better life then it will have a positive effect not just on the economy but also on our personal lives.

Sebas.tian

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Just because bitcoin is banned by other governments doesn't mean it is illegal. Bitcoin itself is not dangerous,there are just some hypocrites user who're taking advantage of it. Several countries who prohibited bitcoin just want their people not to get involved in illegal activities that may occur in some transactions using bitcoin. Besides,there are a lot of scammers in bitcoin,making it look like it is dangerous. Users should stop doing illegal transactions using bitcoin and consider the other users so that their government won't ban crypto in their country.

Topic: Bitcoin Dangerous ? - page 27. (Read 2296 times)