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Topic: Is bitcoin dangerous ? - page 28. (Read 5761 times)

full member
Activity: 210
Merit: 100
A BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE
January 16, 2018, 01:37:22 AM
I think its created because of evolution in technology. As you can see that mostly things are getting digitized then why not currency. And I don't think that bitcoin is dangerous, its just a digital currency.
newbie
Activity: 13
Merit: 0
January 16, 2018, 01:30:14 AM
It is foolish to think that bitcoins are dangerous.Bitcoins are one of the most powerful digital currency made using block chain technology it is just an investment form which gives us full freedom over our money unlike other currency btc are different as it does not have physical form.It is created as a decentralized and so it maintain high end privacy of its users and can make any number of transactions from any part of the world btc is not under the control of any nation or government and so it cannot be compared with a normal currency.
full member
Activity: 714
Merit: 102
January 16, 2018, 01:28:57 AM
bitcoin is harmful to people who do not have a strong mentality
bitcoin is not held by a company but is owned by an individual, its price is very volatile, can not be predicted, still controversy
so bitcoin is very dangerous for people who do not know it yet
sr. member
Activity: 658
Merit: 274
Wish for the rain? Then deal with the mud too.
January 16, 2018, 01:23:42 AM
Yes for easier and other transaction. And what do you else think the function of money? Then to provide our basic needs, needs and wants, and something that may satisfy us. Then it is the same thing that goes to bitcoin because bitcoin functions like money then bitcoin is not dangerous. Bitcoin will be dangerous if it will be use in such unlawful act like buying drugs, hiring killer men something like that unlawful. Or which can harm people. But if bitcoin will be use in good terms then it is not dangerous. It is dangerous for the people who does not know kindness and law.
member
Activity: 246
Merit: 13
January 16, 2018, 12:30:13 AM
# bitcoin payment is anoymous
# bitcoin is decentralized
# bitcoin is not issued by any
# nobody can increase total supply of

This all feature make it different than other currencies that exist and more attractive too. It gives financial freedom..
Yes that is also the reason why bitcoin is dangerous. Well bitcoin is not dangerous for us that is using bitcoin and done research with bitcoin but if some ignorant will try bitcoin I am pretty sure that they will be in danger. Bitcoin will be dangerous if you are not careful enough with your action.
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
January 16, 2018, 12:22:47 AM
Dangerous if used for gambling, I stay away from it.
there are many ways to use Bitcoin to make it more useful. It is always wise to use money and keep compliance with Government regulations regarding the use of Bitcoin and other currencies.
member
Activity: 122
Merit: 10
January 15, 2018, 09:30:02 PM
bitcoin is not dangerous if it is interrupted by the government and in the future, most countries are receiving bitcoin payment so not all countries are dangerous in bitcoin.
sr. member
Activity: 658
Merit: 251
January 15, 2018, 08:40:54 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 ?

Look. Don't afraid from the technology of Bitcoin, but the price in manipulate. If you have overview on the whole crypto market, you will see the whole market in down trend right now.
You are investing for technology, whales and traders are interesting for money.
newbie
Activity: 6
Merit: 0
January 15, 2018, 08:20:21 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 ?
countries classify bitcoin dangerous because you can lost money easy when using bitcoin and no one can help you to get back your money because no one support bitcoin No Central Banks
newbie
Activity: 336
Merit: 0
January 15, 2018, 01:45:47 PM
BTC will not be dangerous if people use it as an legal way,so i think it is not dangerous..
full member
Activity: 294
Merit: 100
January 15, 2018, 01:15:32 PM
No, bitcoin is harmless, back again to its function bitcoin is actually created to facilitate transactions in the online world, but can also bitcoin be dangerous because irresponsible users, such users make bitcoin for funds commit a crime like terrorists or the storage of corruption funds.
full member
Activity: 378
Merit: 100
January 15, 2018, 01:04:44 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 ?

The reason for bitcoins to exist is for people to have another way of earning a currency to buy products online and i think that this is what satoshi nakamoto likes to do. He created bitcoins for people to have an easier life and to help people to get up from poverty.
sr. member
Activity: 556
Merit: 250
January 15, 2018, 01:02:09 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 ?

Yes, cryptocurrency made transactions easier. However, it is dangerous too. It requires a lot of security because once your security is jeopardized your money or coins cannot be retrieved, even transactions that are on process cannot be cancelled. Security is a must in cryptocurrency.
newbie
Activity: 3
Merit: 0
January 15, 2018, 12:59:51 PM
No.. Its all good !
full member
Activity: 882
Merit: 110
January 15, 2018, 12:57:20 PM
there is no dangerous word with bitcoin, I think bitcoin is dangerous if it is used for criminal transactions and endangers the country. if a person's bitcoin is used for a personal thing it is very profitable and never harmful to anyone.
sr. member
Activity: 353
Merit: 250
January 15, 2018, 12:50:03 PM
It's just like the mighty dollar.
Do you think the dollar is dangerous?
member
Activity: 126
Merit: 10
January 15, 2018, 12:49:26 PM
I completely understand your opinion on why you maybe thinking tht bitcoins and other cryptocurrencies are dangerous. A lot of governments have not yet acknowledged or recognized the role that bitcoin has and is playing in the bigger picture and so this uncertainty plus the threat that bitcoins has to the traditional monetary system being hoverned by banks.  Bitcoins is completely safe and not dangerous as far as using it as a form of fiat is concern.  Bitcoins are decentralized and its anonymity makes it appealing accroos the globe because it definitely makes transactions of sending money from one place to another more easier, faster, and convenient too.  Bitcoins are a good source of investment and livelihood because of its current value and generally, how it behaves in the market: may dip for awhile but ultimately, rises again.  One more reason why I feel that bitcoins is really not a dangerous idea is because bitcoins and its like are slowly changing positively  livelihoods globally.  Read through articles on how it does and you'll understand why and how.
full member
Activity: 434
Merit: 100
January 15, 2018, 12:38:01 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 ?

From the wikipedia that i read, satoshi sakamoto created an algorithm called blockchain in order to mine bitcoins and since bitcoins is the first cryptocurrency, bitcoins become popular and there are a lot of people who are interested on investing in it until the value keeps on increasing till it reach the value today. There is no way for bitcoins to be dangerous because it helps people to earn fiat.
full member
Activity: 672
Merit: 127
January 15, 2018, 12:10:56 PM
Bitcoin is independent of any country. This is his main advantage. And of course anonymity, transactional speed, security make it attractive to investors. Often money does not have such qualities.
Although bitcoin is an independent, we should be carefull using this currency. Because of volatility, no one can predict what price bitcoin in the future that would make it more dangerous for people investing into it.
member
Activity: 252
Merit: 10
Telegram: https://t.me/ViolaAI
January 15, 2018, 10:26:00 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 ?
You have said all. Bitcoin makes payment of any amount money for goods and services like it is nothing. Apart from the amount, it can happen very fast compared to fiat currency. Again, it does not matter the location of the receiver.
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