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Topic: Is bitcoin dangerous ? (Read 5774 times)

member
Activity: 280
Merit: 10
February 24, 2018, 03:18:03 PM
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 is a way for people to trade with each other more easily but in different ways, Bitcoin has also considered a risk when money is not carefully managed inside, people often say if hackers Bitcoin attacks are likely to cost investors cash and this is one of the most significant concerns of investors.
hero member
Activity: 966
Merit: 507
February 24, 2018, 01:01:53 PM
In reality, bitcoin was not conceived to be a currency similar to those that already exist in the current centralized financial system. Precisely the power of its decentralization is what has made it "dangerous" for the current predominant system, because it has the potential to remove the monopoly of money to the state to put it in the hands of citizens, and this would mean a loss of income through taxes that the states can not afford.
newbie
Activity: 97
Merit: 0
February 24, 2018, 12:56:08 PM
People who really don't know about bitcoin they will think that bitcoin is dangerous. We all know that bitcoin is a digital cryptocurrency which is highly valuable in online marketing now. Most of the people who is using bitcoin will not say bitcoin is dangerous.
newbie
Activity: 56
Merit: 0
February 24, 2018, 12:46:39 PM
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sr. member
Activity: 396
Merit: 252
CryptoTalk.Org - Get Paid for every Post!
February 24, 2018, 12:44:46 PM
If there is no central regulator, then the price of the currency makes a mad sprint up and down, which we clearly see in the example of bitcoin. Therefore, investing in such a coin is very risky and dangerous. But on the other hand, whoever doesn't take risks, will not earn a lot of money.


Exactly, that is the danger in bitcoin. There is money involved and  we trade and transact with people who we really do not know exactly. And that is the point why it is called as trading. And that is the risk. Well, besides since bitcoin is a cryptocurrency, there are safety measures in our wallet that we may hold on too. Risk is part tho.
jr. member
Activity: 313
Merit: 1
February 24, 2018, 12:34:07 PM
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 can play a role as a global currency.
Although each country has its own currency, bitcoin remains present and enters it. Bitcoin knows no national borders, does not waver due to political conditions in government, and is not affected by anything.
member
Activity: 151
Merit: 15
February 24, 2018, 12:22:53 PM
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 ?
I think this is the latest change to get to the future and the people working without the fees and taxes all can benefit us and can improve the state finance if follow-up investing and I am sure in the future will not continue to use the paper currency but transparent currency and reduce theft and can bring a lot of money without being robbed by others because they do not know if we are bitcoin member who holds a lot of money and if you go abroad you do not bother to exchange money to the bank but only exchange to the digital currency
newbie
Activity: 14
Merit: 0
February 24, 2018, 12:19:49 PM
The bitcoin is the future of our planet! It is better to start understanding and understanding this unit of account today, than then when is already late.
sr. member
Activity: 756
Merit: 257
Freshdice.com
February 24, 2018, 12:15:52 PM
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 is just a cryptocurrency so it cannot be considered to be dangerous. The dangerous thing here in bitcoin is the way we earn bitcoin. There are a lot of scammers and frauds here so it will be dangerous if you are going to be careless here. Many people are already failing here because of being too careless so you better be aware and mindful on what's happening in the market.
member
Activity: 184
Merit: 10
February 24, 2018, 12:14:51 PM
If there is no central regulator, then the price of the currency makes a mad sprint up and down, which we clearly see in the example of bitcoin. Therefore, investing in such a coin is very risky and dangerous. But on the other hand, whoever doesn't take risks, will not earn a lot of money.
I fix your words, Bitcoin can earn a lot of money, can be said bitcoin is not dangerous even bitcoin is the greatest opportunity to achieve success instantly it only takes a long time in determining the steps we take in exchange. who risk only ourselves if the emotions are not calm. stay positive thinking and you will enjoy every process and will get more profit at the right time
member
Activity: 266
Merit: 32
February 24, 2018, 12:11:50 PM
ISIS had $3 million Bitcoins when Bitcoin was $1000. Now that is $30,000,000 with ISIS (most dangerous terrorist organisation in history) because of greedy people and rich scammers.

Those trucks killing 10 or 15 people in Europe.
member
Activity: 218
Merit: 14
February 24, 2018, 12:11:10 PM
Bitcoin is everthing else then dangerous. The banks who controll the money, those are dangerous. Bitcoin is the first and only reald democratic Currency, which is not controlled. Its also decentralised, so its impossible to control or manipulate them. SO Cryptocurrencies are actual good for us and the people of the world. It makes everything fair. Thats why the banks are against the Blockchain technology, because they cant controll them after all.
newbie
Activity: 37
Merit: 0
February 24, 2018, 12:08:38 PM
If there is no central regulator, then the price of the currency makes a mad sprint up and down, which we clearly see in the example of bitcoin. Therefore, investing in such a coin is very risky and dangerous. But on the other hand, whoever doesn't take risks, will not earn a lot of money.
newbie
Activity: 196
Merit: 0
February 24, 2018, 09:35:38 AM
   The answer to this question is: bitcoin, as a decentralized currency, is dangerous to any government or central bank and for ordinary people it is only useful !
copper member
Activity: 504
Merit: 100
February 24, 2018, 09:28:33 AM
What could be dangerous?Bitcoin is on the contrary the most reliable currency in the world at the moment which is protected by all possible means
sr. member
Activity: 504
Merit: 268
February 24, 2018, 09:12:00 AM
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 ?
Let's just say that bitcoin is dangerous because it is open to all people and all people is anonymous so that we did not know each other.The other things when it comes from investing,there are many scammers that are trying to steal our investments.Bitcoin has a low security service so that we have to be secured in our own.We have to be careful in many things here in bitcoin.
sr. member
Activity: 700
Merit: 277
February 24, 2018, 09:05:25 AM
i think Bitcoin is not dangerous. I think right now it needs a bit of time for governments. Some country need to review the policy, because so many aspect need to be considered.
Yes, it's time the government opens the door for bitcoin because if the government legalizes so many benefits can be obtained, there is much evidence that the presence of bitcoin to be a great blessing because it can increase wealth.
newbie
Activity: 39
Merit: 0
February 24, 2018, 09:02:19 AM
Hmm to some people it's quite risky due to
#1. High volatility
#2. Government regulations (it's illegal in some countries)
#3. Competition with many others cryptocurrencies
#4. Low security of services/products
#5. No safety mechanisms
full member
Activity: 406
Merit: 110
February 24, 2018, 08:57:25 AM
i think Bitcoin is not dangerous. I think right now it needs a bit of time for governments. Some country need to review the policy, because so many aspect need to be considered.
Well, let us admit that bitcoin is really dangerous we have to face the fact that it is really risky to invest in bitcoin but that risk has change to stability since although the price is so volatile still we are assured that it will go up one day at our expectation.
newbie
Activity: 108
Merit: 0
February 24, 2018, 08:50:37 AM
i think Bitcoin is not dangerous. I think right now it needs a bit of time for governments. Some country need to review the policy, because so many aspect need to be considered.
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