Is bitcoin dangerous ? - page 2. | Bitcointalksearch.org

genievic23

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Quote from: akiraminai on December 12, 2017, 08:25:15 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 ?

Well bitcoin was made so that people has its own freedom to hold their own money without the banks monitoring them, to just simplify it

it is decentralized, its kinda fast in transaction and you can't fake it or spend it twice so people can't cheat you when sending bitcoin

Paper money in the future wil have no value, it will all be digital.

chipzeru

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Quote from: akiraminai on December 12, 2017, 08:25:15 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 ?

Because bitcoin has many advantages like peer-to-peer transaction, anonymous, decentralized etc. Even it's easier to transfer fund in bitcoin to the people overseas instead of using wire transfer or western union, paypal and skrill which is not as convenience as using bitcoin and the other cryptocurrencies (regardless of the fees).

If you're wondering if bitcoin is dangerous maybe because many criminals using bitcoin as a payment method in order to not getting tracked. Basically, everything has its pros and cons.

PIR

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CRYPTOBLADES Octoblades 10.10

It depends on how you look at bitcoin, it will only become dangerous if you think negative against it yes, we never know what will happen in the future.. all we can do is to prepare ourselves for whatever outcome of this virtual currency.. but as of now let's make the most out of it, and use it for good-whatever profit you may have from it.. and also bitcoin is a new system technology of payment and other transaction which made for our own convenience and comfort.

Escf4

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GIGZI - INDEPENDENT WEALTH MANAGEMENT

I do not consider bitcoin as dangerous because as one of my friend testify that bitcoin is very good type of investment in the digital world , so I believe that this bitcoin has good future for investment and profits for investor.

Saiful Islam777

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I think bitcoin is less risky than it is easier to do than other transactional media. If all the countries of the world use Bitcoin, then this will be the medium of investment.

arief89

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Quote from: akiraminai on December 12, 2017, 08:25:15 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 ?

All countries have their own currency, with the bitcoin will facilitate transactions even though different countries, because if bitcoin is accepted throughout the country then the ease will be obtained, because bitcoin easy to use and not complicated.

doloresdeleon07

newbie

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Everything has its own risk, stocks, bonds or other investments, it is up to you on how to analyse and decide on that risk. On Bitcoin you are anonymous, you are free to sell or buy, you decide for yourself. If you know what you are doing I think Bitcoin has less risk.

SteshaScott

newbie

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Bitcoin is not dangerous especially when you know how to transact and deal with it. It has a positive since its less hassle .

Chachacoin17

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Quote from: Argoo on February 24, 2018, 02:48:14 AM

Bijkoin is not dangerous, but the investment in it will be risky at a later stage, when it will greatly increase in its price.

I disagree on you because as far as I know, bitcoin is dangerous because we must need to take risk in all that we did. It is risky and risky is goes to the point that people think that it is already dangerous. But bitcoin is freedom to everyone, it gives freedom because it can hide our true identity and it helps us to gain much as we've expected.

newguy05

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Someone is sitting in the shade today...

Bitcoin was invented by an unknown person. It allows money to be transact directly between individuals using cryptography. The bank ledger is distributed to all users, and complex mathematical transactions ensure transaction integrity. It is not traceable by any authority, the transactions can not be identified that who is making it, this might open a gate for corruption, money laundering, drug dealing etc.

gvnsrbtc

sr. member

Activity: 523

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In my opinion Bitcoin is not dangerous, I don't know whether Bitcoin is created intentionally or not by Satoshi, but I know Bitcoin has helped most people's finances and made changes in the economy.... Of course there are some risks but it's worth to take it.

e19293001

jr. member

Activity: 120

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Bitcoin might be dangerous for the innocent. Scammers can take
advantage of this. People can be affected by FUDs from their
investments. Wallets can be hacked. Bitcoin or cryptocurrency
should be handled with extra care and people should be well
educated because there were already a lot of people who lost
large amount of money.

Wylie330

full member

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New Era of Freelancing

Bitcoin was created to solve the problems. Problems we have right now in our economy. Bitcoin will never be dangerous to us if we use it in a good way. Just like technologies. Yes, there are disadvantages of technology because we overused them or simply use them in a bad way. Everything created in this digital age was created to help us to have a convenient life not to be worst.

tanginamoo

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Quote from: akiraminai on December 12, 2017, 08:25:15 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 ?

In holding or investing a bitcoin, in depends on the person itself if it will be dangerous or not. If the person is wise and knows how to manage it will be an advantage to the person but if the it the type of anperson who invest all his/her earnings, this is the time it can be label as dangerous.

android17

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Quote from: akiraminai on December 12, 2017, 08:25:15 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 ?

These are all part of the development and advancement in our society. These years, digital currency becomes trending so it is not surprising that cryptocurrencies become popular. There is no exactly time when does Bitcoin made but one is for sure, it is exhibiting that it has place in the future.
Because of this digital money, many transactions are being processed in a single minute. Hence more convenient to the users for they can use it wherever they are as long you have the smartphone.

aimey

newbie

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Bitcoin is not dangerous, It depends to the users and investor's who are releasing a large amount of money/capital because of the desire to earn a great deal. Investing in large amounts has a risk because of its volatile price. It's better to invest in exact which you can accept if you lose.

LAHARMANIA

newbie

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no, while using wisely and responsibly, on the contrary Bitcoin has great potential for society, because it can reduce unemployment and poverty in society

wisdomcn

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I think it's dangerous the area that you can invest all your money into bitcoin if your account get hankered or when you buy all the bitcoins your money then its price drops and it's just gone if you sell it at a dump price, it's hard for you to earn money and it will not come back. And also Dangerous in the sense that its market price is very volatile where price can go down like crazy but on the better side of it, bitcoin can give you big profit when its market price rises drastically.

Gerandoong

newbie

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Yes actually dangerous because bitcoin is an asset whose value is not very stable or fluctuating sort. This will be very dangerous if used for investment because it could make a greatly reduced capital.

glowing10

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Quote from: Napole0n on February 23, 2018, 10:22:07 AM

I do not know exactly what the reason people say that bitcoin is dangerous, but if it is legalized it can reduce unemployment even poverty, those who say bitcoin is dangerous of course are people who do not understand the progress of time.

Govt do consider it as a dangerous because it can be wrongly utilized and the money could be used for wrong things. Also it is not that easy to crack down this and govt cannot completely regulate it so better they think to stay away from such things which could be a national threat to their country.

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