I think so. Bitcoin is a 'dangerous speculative bubble. bitcoin does not prove its worth as a usable currency, its massive price surge is a "dangerous" game, according to one respected finance professor.
Topic: Is bitcoin dangerous ? - page 20. (Read 5761 times)
I oon’t think Bitcoin or any other cryptocurrencies for that matter are dangerous. In Zimbabwe these actually come with a great advantage because of the many regulations surrounding sending money outside of Zimbabwe, it has become increasingly difficult for people to use their money how they want to. Regulations set in place to manage forex externalisation has seen it almost impossible for people to send money out of the country. a lot of cross country traders have seen a huge decrease in their businesses because of the ban on importation and use of money outside of the country. Cryptocurrencies however could be the solution to this one Zimbabwean problem as it is not regulated by the government.Cryptocurrency carries fewer barriers and costs to international trade. Would advice Zimbabwean businesses who thrive on international trade to join the bandwagon and trade in cryptocurrency using golix.com as their exchange platform.
Bitcoins and cryptocurrency cannot and should not be considered dangerous. Anything in life can be dangerous depending upon what you do and how you do. And anything can be considered safe. The problem with bitcoin being shunned by some people and even few countries is that they are not able to hold total control of the bitcoin network or that they have not been able to clearly understand the system or it could be both of the aforementioned reasons.
Why Bitcoins have come into existence? Well it was the result or consequence of a genius mind. Having come into existence, we realized that Bitcoins can ease the transaction throughout the world as an alternative form of currency. Total Privacy, Ease of transaction, Security, Digital economics, Transparency, Accountability, Investment, Universality are all some of the advantages of Bitcoins and cryptocurrency.
It is true that some unpleasant works keep getting reported associated with Bitcoins, but tell me which currency has not been associated with crime etc?
Trying to project bitcoin as dangerous is simply finding reason to avoid evolving. The major drawback from a broad perspective with bitcoins is that there is a need for some basic establishment in place before it could be utilized.
There is a fundamental need for Internet connection. Further, people need to operate on computers. Further, they need to understand and comprehend a little more of the subject of cryptocurrency for which a basic understanding of the economy is needed. Every individual should be able to afford a computer, electricity, internet connection, time and other basic requirements to be a part of the cryptocurrency ecosystem.
Many of us do not realize that major part of the world is fighting it out for survival and sustenance. Hence, becoming part of the cryptocurrency ecosystem is considered a sophistry. But now that there is a dramatic shift in education system and especially computer education, I think bringing Bitcoins into high school syllabus will help our community the best. We need to work our best to overcome these drawbacks and shortcomings. And yes, we are all working.
If we talk about being dangerous then, there are lots of reasons and each of us have different versions about it, and since so many people disliked bitcoin, they said its dangerous so stay out of it. Well in my own point of view there is nothing to be scared of, and besides it just depends on the certain person how is he/she gonna use his/her bitcoin. There is nothing wrong in using bitcoin, and i agree with your point when it comes to the price, that's also one of the reasons why it is risky. Why Bitcoins have come into existence? Well it was the result or consequence of a genius mind. Having come into existence, we realized that Bitcoins can ease the transaction throughout the world as an alternative form of currency. Total Privacy, Ease of transaction, Security, Digital economics, Transparency, Accountability, Investment, Universality are all some of the advantages of Bitcoins and cryptocurrency.
It is true that some unpleasant works keep getting reported associated with Bitcoins, but tell me which currency has not been associated with crime etc?
Trying to project bitcoin as dangerous is simply finding reason to avoid evolving. The major drawback from a broad perspective with bitcoins is that there is a need for some basic establishment in place before it could be utilized.
There is a fundamental need for Internet connection. Further, people need to operate on computers. Further, they need to understand and comprehend a little more of the subject of cryptocurrency for which a basic understanding of the economy is needed. Every individual should be able to afford a computer, electricity, internet connection, time and other basic requirements to be a part of the cryptocurrency ecosystem.
Many of us do not realize that major part of the world is fighting it out for survival and sustenance. Hence, becoming part of the cryptocurrency ecosystem is considered a sophistry. But now that there is a dramatic shift in education system and especially computer education, I think bringing Bitcoins into high school syllabus will help our community the best. We need to work our best to overcome these drawbacks and shortcomings. And yes, we are all working.
It is anonymous and can be used anytime, anywhere, without any restrictions. But, it's also a fact that many criminals are also using Bitcoin to do crime related activities, but it all depends on the users not the currency itself. If you use it for good purposes than its very safe but if someone uses it for crime related activities than its dangerous.
If you are talking about the volatility of the coin itself, then yes, it's dangerous. The reason is that it is way too easy for one side of the equation (buyers or sellers) to outweigh the other side. Once more people adopt cryptocurrency use into their daily activities, the price will stabilize more and more.
Recently, we've been seeing a very stable Bitcoin price until the last couple of weeks. The majority of people that postulate on Crypto are saying that large scale companies accepting Bitcoin are cashing out immediately rather than keeping the coin, which is causing the price to slowly go downwards.
More people will get in and put money into the system. As they do, the price will stabilize yet again. You can watch the trends and it's really really interesting.
As an investor, now is a good time to get in because companies selling items for Bitcoin, especially when they are at a discount, will cause consumers to jump on board which will in turn raise the price again.
Recently, we've been seeing a very stable Bitcoin price until the last couple of weeks. The majority of people that postulate on Crypto are saying that large scale companies accepting Bitcoin are cashing out immediately rather than keeping the coin, which is causing the price to slowly go downwards.
More people will get in and put money into the system. As they do, the price will stabilize yet again. You can watch the trends and it's really really interesting.
As an investor, now is a good time to get in because companies selling items for Bitcoin, especially when they are at a discount, will cause consumers to jump on board which will in turn raise the price again.
Bitcoins and cryptocurrency cannot and should not be considered dangerous. Anything in life can be dangerous depending upon what you do and how you do. And anything can be considered safe. The problem with bitcoin being shunned by some people and even few countries is that they are not able to hold total control of the bitcoin network or that they have not been able to clearly understand the system or it could be both of the aforementioned reasons.
Why Bitcoins have come into existence? Well it was the result or consequence of a genius mind. Having come into existence, we realized that Bitcoins can ease the transaction throughout the world as an alternative form of currency. Total Privacy, Ease of transaction, Security, Digital economics, Transparency, Accountability, Investment, Universality are all some of the advantages of Bitcoins and cryptocurrency.
It is true that some unpleasant works keep getting reported associated with Bitcoins, but tell me which currency has not been associated with crime etc?
Trying to project bitcoin as dangerous is simply finding reason to avoid evolving. The major drawback from a broad perspective with bitcoins is that there is a need for some basic establishment in place before it could be utilized.
There is a fundamental need for Internet connection. Further, people need to operate on computers. Further, they need to understand and comprehend a little more of the subject of cryptocurrency for which a basic understanding of the economy is needed. Every individual should be able to afford a computer, electricity, internet connection, time and other basic requirements to be a part of the cryptocurrency ecosystem.
Many of us do not realize that major part of the world is fighting it out for survival and sustenance. Hence, becoming part of the cryptocurrency ecosystem is considered a sophistry. But now that there is a dramatic shift in education system and especially computer education, I think bringing Bitcoins into high school syllabus will help our community the best. We need to work our best to overcome these drawbacks and shortcomings. And yes, we are all working.
Why Bitcoins have come into existence? Well it was the result or consequence of a genius mind. Having come into existence, we realized that Bitcoins can ease the transaction throughout the world as an alternative form of currency. Total Privacy, Ease of transaction, Security, Digital economics, Transparency, Accountability, Investment, Universality are all some of the advantages of Bitcoins and cryptocurrency.
It is true that some unpleasant works keep getting reported associated with Bitcoins, but tell me which currency has not been associated with crime etc?
Trying to project bitcoin as dangerous is simply finding reason to avoid evolving. The major drawback from a broad perspective with bitcoins is that there is a need for some basic establishment in place before it could be utilized.
There is a fundamental need for Internet connection. Further, people need to operate on computers. Further, they need to understand and comprehend a little more of the subject of cryptocurrency for which a basic understanding of the economy is needed. Every individual should be able to afford a computer, electricity, internet connection, time and other basic requirements to be a part of the cryptocurrency ecosystem.
Many of us do not realize that major part of the world is fighting it out for survival and sustenance. Hence, becoming part of the cryptocurrency ecosystem is considered a sophistry. But now that there is a dramatic shift in education system and especially computer education, I think bringing Bitcoins into high school syllabus will help our community the best. We need to work our best to overcome these drawbacks and shortcomings. And yes, we are all working.
yes,Bitcoin is the dangerous,and the easy way to make
money is to take risk if you do something in life, but I
believe Bitcoin can change this I become the first
virtual currency to be used by all kind of people from
the will world,
money is to take risk if you do something in life, but I
believe Bitcoin can change this I become the first
virtual currency to be used by all kind of people from
the will world,
Bitcoin was made to make transactions between two parties easier by eliminating the middleman or intermediary like distibutors and such. The blockchain is also secure meaning all the transactions are accounted for. What's more, you have the option to be anonymous for your privacy.
bitcoin it's not dangerous for me .. because of bitcoin here i get more bills payment we will not lose if you try bitcoin because it's easy job for me..
Bitcoin is not dangerous in fact this is more safer than real cash ,easier to transact online without using real money although this could be exchange with real money . Since we are in this modern world digital currencies are invented so it will lessen crime.
Digital currencies such as Bitcoin are entirely new form of money. They are neither issued by Central banks ( like banknotes) nor by commercial banks (like deposit accounts). Digital currencies are issued by software protocol in the form of a digital token.
Bitcoin is not dangerous. For Bitcoin to be classified as dangerous depends on the user and what it's been used for. A knife can both be dangerous and friendly. So, also is Bitcoin.
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 isn't dangerous if you use it in the right way.Lately people started sing Bitcoin to scam people money since it's irreversible.Also Bitcoin isvolatile don't sell your home to buy Bitcoin,it'sn investment and with investments there is always risk.Moreover,bitcoin has been created to fight against the normal monetary system where governments and banks controls it and that is subject to crisis.Furthermore,now governments can track your transactions.Bitcoin is anonymous.
In short,if you use bitcoin in the right way there is nothing to be worried about.
NO.
Bitcoin is not dangerous. Its actually quite transparant and by nature practically impossible to modify. Welcome to the blockchain.
Bitcoin is not dangerous. Its actually quite transparant and by nature practically impossible to modify. Welcome to the blockchain.
Bitcoin is something that is taken care of by a lot of people who want to make the system safe. Bitcoin is made to make easy digital and wireless transactions.
Of course, too many currencies in each country is making a lot of problems but every country is trying to make things to make their own country better. No one is trying to make it a whole united world by mixing all the countries together. I believe Bitcoin can change this I become the first virtual currency to be used by all kind of people from the whole world. There is not only going to be useful but there is also going to be easier for our future kids.
in the wrong hands, pretty much anything can be dangerous!
Many countries think that bitcoin is dangerous. But their assumption is that the government is not trying to accept and cooperate with bitcoin developers, it will be different if the government accepts bitcoin and it will make it easier for bitcoin users in the country and I am sure users in their country will follow all the regulations they issue as long as benefiting both parties. As an asset to invest definitely bitcoin has risks and dangers because all kinds of investments are already like that.
What do you mean by "dangerous"? Are you meaning risky, because if that is what you mean yes it can be risky. However, it if not dangerous at all. If you are meaning trading bitcoin for illegal items/acts then yes that is dangerous, but that is just like an currency. If you do bad stuff with the currency you could be in danger.
Bitcoin has several important features that set it apart from government-backed currencies.
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