Topic: Is bitcoin dangerous ? - page 35. (Read 5761 times)
Bitcoin is not dangerous at all. As long as you know how handle bitcoin, you have the knowledge about it, you know how to trade, mine and earn. Just know and verify all the platforms that you are going to enter for bitcoin. Before you invest for bitcoin, study bitcoin 1st. You will lose your money if you will enter a game you does not know how to play. Be smart and wise and know everything about bitcoin before you invest.
Each country has its own currency to facilitate transactions locally. Indeed many coins in the digital world but will not be able to shift Bitcoin. Bitcoin is the most popular and highest crypto currency. so do not worry too much about it.
Bitcoin itself is not dangerous. It depends on how people use it because there is so many ways even illegal things you can use it. As they say you can use it without trace or evidence. Of course there is also a good advantage such as it cant be easily steal, accessible because nowadays you can easily connect to the internet using smartphones and the most important thing there's so many people benefit from it even to the point that they spend so much time earning bitcoin. That's why for me it isn't dangerous because I benefit from it.
There is always danger in everything if we do not use them properly and wisely. It is just the matter of how users use them not the bitcoin itself .Bitcoin isn't dangerous, but its very safe and anyone can use it any time without any worries. The Bitcoin is the future of the currencies and it is the first one that gave hope and opportunity.
It is anonymous and can be used anytime, anywhere, without any restrictions. If you use it for good purposes than its very safe but if someone uses it for crime related activities than its dangerous.
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 very secure and convenient digital currency, perhaps what makes bitcoin dangerous is the bitcoin price that can collapse instantly.
Yes i agree with you its a very secure and save your money for your future the dangerous part here is our fiat money governments are lack of gold they printing more fiat money that every netizens dont know what's happening around.
# 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..
totally agree on this # 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..
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 very secure and convenient digital currency, perhaps what makes bitcoin dangerous is the bitcoin price that can collapse instantly.
the transactions are anonymous. nobody know u have bitcoins and if you have cash in bank you will have to pay taxes to the government. so people prefer bitcoins. and even buying from bitcoins may cost you cheap than cash. just be wise buying and selling bitcoins. if it is down than its better to hold not to sell 
I believe that there is no. Bitcoin is too small to pose a threat to the world economy. This is not a currency in the conventional sense. There is no central bank behind it.
I believe bitcoin is a double sided sword. It can be helpful and/or it can be dangerous. It can be helpful if we know what we are doing and dangerous if we are blindly investing on different projects and startups that is utilizing bitcoin without researching or knowing what is all the investment about. aside from that Bitcoin market can crash anytime once there is a strong FUD lurking the market.
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 ?
if we don't understand something we fear it i think this is just human nature
Yes bitcoin may be dangerous for you, if you dont know how to use.
End of me its 100% safe investment
End of me its 100% safe investment
As long as we can use bitcoin for good things then bitcoin is not dangerous. maybe the danger is because bitcoin price is too volatile so this makes people too afraid to invest their money that if they know that is the beauty of bitcoin, then they will not afraid. if we use bitcoin as the investment then we need to know that bitcoin has a risk and some of us will say that every investment is dangerous.
Bitcoin is safe. Because it has a good security system but it's risky too. Of course, it's not dangerous, even that it has the potential to get you more profit.
It is a currency, it can't be called safe or dangerous. It depends on which people use it and how and for what purposes. Normal people like us see it as an opportunity to invest and get returns when price rises. For big players and companies it acts as a medium to transfer large funds with very less fees. It is also used for anonymous donations which can be going to wrong hands. It's drawback are just like normal fiat currency.
bitcoin was developed to be user friendly currency and basically to mark the beginning of a new generation of currencies and not to be dangerous.
With the use of bitcoin i think we also get to experience fewer problems such as inflation as total supply is fixed, unlike fiat which can be printed anytime!
With the use of bitcoin i think we also get to experience fewer problems such as inflation as total supply is fixed, unlike fiat which can be printed anytime!
No, I think many people dangerous but not bitcoin. Bitcoin is a legal crypto currency. Have a many people they don't know bitcoin about, using system and crypto currency.
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 only has a danger level in the price issue, when the price is high and suddenly bitcoin already has no value then the price can drop drastically back to the very cheap price and make the bitcoin buyers at very expensive price to be depressed.
The risks of Bitcoin are the following:
No national federal bank is behind the currency, so if Bitcoin fails there is no authority that can help you
You can loose your local wallet (thats the most likely risk
) so you will loose access to your Bitcoins forever
You store your Bitcoins on a central portal, similar to a bank account and this account gets robbed and again you loose all your Bitcoins
Bitcoin looses market cap and trust and the value of Bitcoin is decreasing again
No national federal bank is behind the currency, so if Bitcoin fails there is no authority that can help you
You can loose your local wallet (thats the most likely risk
) so you will loose access to your Bitcoins foreverYou store your Bitcoins on a central portal, similar to a bank account and this account gets robbed and again you loose all your Bitcoins
Bitcoin looses market cap and trust and the value of Bitcoin is decreasing again
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 ?
this is one of the innovations of the sophistication of digital technology. Yes, virtual currency can be used in various ways. many factors why bitcoin and crypto are created.
Bitcoin doesn’t not dangerous at all because it’s goves up more and more many opportunities thay we can take? So how does it can be dangerous?. It’s more on that bitcoin csn change some life from poor to rich hehe like just me lol
It seems like question is about investing dangerous. If I understood right he or she is asking if investing bitcoin is risky. If that is so then my answer is yes it is very risky especially you don't know what you are doing. Because there is incredible volatility that can cause you to make a lot of money or lose a lot of money.
Bitcoin is not that dangerous, we all know that sometimes this is risky, but it depends on us how we handle bitcoin. If we invest it, bitcoin can give big advantage of our lives and it can be big losses too, but it depends on how we handle bitcoin, so we need to be wiser about this bitcoin.
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