Is bitcoin dangerous ? - page 32. | Bitcointalksearch.org

ranman09

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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 ?

For anonymity, no middleman, faster transaction and many more. But one characteristic of bitcoin that made it so popular is its (I think) volatility. Its quick rich magic.

datodota002

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there are various currencies in this world and each currency has a different value from each other. bitcoin is made to normalize the value of the currency so that if you want to transact with other people in different countries you do not have to bother to convert to the destination currency. so it can speed up and simplify the transaction. for a malicious problem or not, it all depends on the user. because bitcoin is a double-edged knife that can be used for good and for evil.

arbelian

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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 ?

Bitcoin will only be dangerous it depends on the user because if it will be used in illegal activities that is not good it can endanger the use of it. There are news circulating around that bitcoin has been used by kidnappers to get ransom. That is really dangerous. I hope that people should use bitcoin in a good way. Stop the greediness and work hard for it.

Liquid01

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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 ?

bitcoin is not governed by any country whether it's an organization because bitcoin is bitcoin P2P running by itself is supported by inventory and market supply made by investors

fanita

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if the tone of thinking about the danger is wrong, but it all depends on the user, if someone uses bitcoin then it is dangerous for him. bitcoin is very profitable for you so you have to be careful using bitcoin, because bitcoin is not so sensitive for us. gambling in bitcoin can be dangerous because there are many bitcoin addicts in online gambling. you have to be careful with your own work because the work if we do not finish then it becomes dangerous.

PANK21

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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 ?

Yes . I think its for easier and faster transfer of money for those who are away. I think bitcoin is not dangerous although it is not legal and also it is not illegal , it is intermediary or neutral .

odranoel

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Nope, bitcoin is not dangerous, how it can be dangerous when many people are trying to joined here and investing? I may also say that i joined here without any hasitating mind because i joined here with nothing any money involved for payout or registration as well. Only my dedication and hardwork is my capital here

Ziomuro27

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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 ?

Bitcoin is dangerous specially to the people who makes crime such as buying drugs, the money using for terrorism, I think it somehow because of where did they get the money. Yes, Bitcoin is use for transaction for instantly or easier way of transacting money with your electro wallet, it is really helpful which makes everyone changes their own lives.

pusa aso

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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 ?

some are saying that bitcoin is dangerous because if you made mistake in answering the question they will ban you thats why they are saying that it is dangerous,be alert and smart in answering in every word they give you then later on you will be succeed in bitcoin.

vicemi

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why would you think that it is dangerous?

Ains_sama

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bitcoin overcomes fiat money speed in transactions. bitcoin has no rule of law and is not set in country. but fiat money is set by the state and has laws. while people want to have freedom in financial. so bitcoin appears to help it

VayneAurelius

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Quote from: Anti-Cen on December 12, 2017, 08:58:43 AM

Quote from: tonysitaly on December 12, 2017, 08:44:42 AM

Bitcoin is not dangerous. I think it needs a bit of time for governments. Perhaps in the near future, most countries will accept bitcoin payment. Bitcoin can improve the efficiency of payment, it is not inflationary, it is lower than the banking industry.

I see lots of inflation and the amount of tokens doubles each time a new fork is created and correct me if i am wrong but Coinbase
creates BTC out of thin air held on account because I cannot see mine in the public block-chain and then we have the new futures market
and derivatives and it is just this sort of activity that has been used to manipulate the price of gold/silver down.

Would be nice for me to get access to these Bit-Gold coins that i think i own because I owned BTC prior to fork but i have a feeling that I can
kiss them good bye myself.

It become dangerous when you did a wrong move on it. One example is when you give a lot of money on it but not sure about the future price that bitcoin can be. Bitcoin has the ability called volatile that can be change anytime. Once you give a lot of money, you may lose it or may gain it once that you are lucky about the price hike that may happen to bitcoin. Beside that, another one is the scam events happening in campaigns, signature or bounty, there are few (only few) who are still scamming people just to get they want. Be careful with them and be attentive.

hohocuco

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I do not think it is dangerous. Because it has existed to this day.

goku1525

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I thin it's not and really impossible that bitcoin is dangerous coz many people get benefited on this, that gives them financial freedom, like me. This is proven and effective that its really works through it some feature such as anonymous, decentralized and being an asset, which really have a tremendous value if we compare it among other coin.

vicemi

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Even a rock could be dangerous in the wrong hands, so the answer is yes.

newgal2017

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Bitcoin is a innovative kind of business in the industry, which can be the future of the business world but, in order for it to be fully successful people and even the country have to risk giving trust to its potential. Bitcoin is foresee as dangerous because of the risk that should be passed first before it can thrive, it can cause a lot of negative and positive to people, industry and country based on the way it will be used. Some countries take Bitcoin as a threat so as an initial action they have banned it. While people who are dedicate users, are continuously engaging with Bitcoin because they believe in its potential, see as the hope and our future.

curry30

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May be yes it because of many scammer and they hack ung bitcoin and also many site is risky that get your bitcoin.May its not dangerous because it depend on you how you keep and protect your bitcoin in scammer and hacker.

chikading2016

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Quote from: Kizaki on December 19, 2017, 09:49:50 AM

I think somehow it is dangerous because due to technology, so many hackers are out there trying to ruin everything. Everything is dangerous in this world and sometimes it also depends on how the user handles bitcoin accounts.

Yes your bitcoin is dangerous due to scammers and technology. Hackers is everywhere it risk your saving you have. That is why it is depend to users because some other user use it into criminal ways. But bitcoin maximize their security and very amazed with that.

Shinze

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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 ?

The difference between btc and the currencies of countries is that transactions are executed even if the user information is anonymous. There are no formalities for identity verification when creating trading accounts and the execution of transactions is simple. although there is still a fee.

MichaelMeu

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Should've added that a financial system which does not actively root out so-called 'insider trading' is far more dangerous than crypto. Not to say that crypto is perfect in this sense atm but it certainly could eradicate the issue unlike the global financial system which couldn't. Good article on medium regarding this insider trading if you're interested (https://medium.com/ibbc-io/how-to-avoid-insider-trading-in-the-crypto-world-a6df3a50f5f)

Topic: Is bitcoin dangerous ? - page 32. (Read 5761 times)