Is bitcoin dangerous ? - page 37. | Bitcointalksearch.org

weblouartisan

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Lets Go Adab

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 ?

Bitcoins can be only dangerous if people will use it for illegal activities and that is the dark side of bitcoins, Since bitcoins is a digital currency, Everyone can use it online even the terrorist and that is the problem that governments are afraid of.

giogio0504

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Quote from: akumauapa on January 10, 2018, 09:36:54 AM

The risk in investing in bitcoin is very high, especially in political policies in some countries in the bitcoin anggal illegal so needed a solution to solve this problem

I don't think it will become illegal in more countries then it is, but there might be tendency to regulated crypto currencies somehow, in this case it might contain some risk and reduce income.

Geljames28

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No. Bitcoin is not dangerous. It will be dangerous to those who invest and do not know much about it and it is most dangerous to those people who use it in illegal way or if it will be use for a wrong purpose.

Zandar

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The only thing dangerous about bitcoin is losing your private key. Once this is lost and you can't access your wallet, then you can consider it as lost. This is the only thing dangerous about bitcoin.

Eglador

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Bitcoin is a disruptive technology but not for that is meant to be safe. Around the world right now there are some concerns about the uses of Bitcoin.

Taqi Ahmad

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Quote from: YRFCHIPOJNP on December 12, 2017, 08:48:54 AM

sure its getting more dangerous every day

I think it's not really dangerous. It depends on the users who operate its system. If the users know how to use, it can be their advantage in their life. But, if the users can not know how to operate it, surely, it can be dangerous for them. So, in my opinion that we as the users should know firstly about bitcoin before using it.

kamenix

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Bitcoin is great because my money goes straight to the other person Cool

Karpatyse

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There’s one big one that worries me about every cryptocurrency: a vulnerability that leads to the collapse of the blockchain.

This is something we haven’t seen yet and may never happen to Bitcoin, but I’m convinced that at some point in the next few years, we’re going to see a blockchain vulnerability that compromises the system and brings the value to 0.

If a system like Ethereum or Bitcoin experienced an event like this, it would be absolute chaos for the ecosystem because most people don’t believe it’s possible.

Enialis

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I think so the price of bitcoin is highly volatile. Typical 30-day volatility is around 40 percent and 90-day volatility is close to 70 percent. These swings in value are hard to stomach for many people. Although the cryptocurrency has an upward trend, it's still risky.

rynah011991

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Not dangerous at all but if the person who is very greedy and obsessed to have it and do crimes for bitcoin it became dangerous. Perhaps Bitcoin help a lot of people especially those women/wife with no work and only in household chores. They began to have passive income.

daarul50

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Bitcoin becomes dangerous in some situations when one thinks that with bitcoin itself it can benefit quickly, whereas bitcoin cannot deliver it because something quickly has a very high risk, as well as bitcoin. Everything that aims to gain profit must have a process.

BitBite5

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Bitcoin is only dangerous for people who think that it brings only profit and that they will become rich in no time because they are in danger to lose all their money. But I would say that is risky, not dangerous, no one will get hurt from bitcoin.

hirokazu

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Quote from: luka red on January 10, 2018, 01:20:55 PM

the biggest risk of Investing in bitcoin btc is its instability. You do not know, whether you are going to get huge profit or huge loss.
Only invest in bitcoin what you can afford to lose. deefinitely people are making really good profits out of bitcoin trading or mining. but still you never know when this BitCoin bubble will burst and your all investment goes to zero.that is the thing that makes people think that bitcoin is dangerous.

Yes, the instability make bitcoin dangerous for investing nor trading. But all this time I see bitcoin price always growing up and I never seen bitcoin falling so deep for a long time, annually the price keep rising. I guess bitcoin is safe for long term investment.

rudyjaya

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I think bitcoin is a disruptive technology but not for that is meant to be safe. Around the world right now there are some concerns about the uses of Bitcoin.
If someone steal your wallet with your bitcoins inside, who is the authority that is going to act for that consideration? Actually, none because bitcoin is free of authority which is a good thing and bad thing.
Also in order to use Bitcoin you need wallets, exchanges, payment processors, etc. Not all of these services have perfect security and if your funds are stolen, all you can do is to hope your service provider will be kind enough to give you a refund.
In matter of fact you can took a benefit from bitcoin if your going to invest from it so i think bitcoin does dangerous as we think of.

luka red

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the biggest risk of Investing in bitcoin btc is its instability. You do not know, whether you are going to get huge profit or huge loss.
Only invest in bitcoin what you can afford to lose. deefinitely people are making really good profits out of bitcoin trading or mining. but still you never know when this BitCoin bubble will burst and your all investment goes to zero.that is the thing that makes people think that bitcoin is dangerous.

DomainTorrent

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Bitcoin by itself is not dangerous. It's only the people who hold and manipulate the bitcoin that makes it dangerous. However, bitcoin is safe literally speaking and if you know how to handle bitcoin with all its safeguards you're safe with it wherever you go.

danielco9

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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 ?

I think so.
These market is to much volatile.
a lot of people just getting into it because its "hipe".
I believe these market is the future but its still a risky game.

Borisov

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Quote from: mark.loverboy02 on January 10, 2018, 11:33:37 AM

Bitcoin does not harm so i don't think bitcoin is dangerous. In fact you can benefit from bitcoin if your going to invest from it.

unfortunately you can win or lose! for example, you invested in him when he was 20 thousand at the peak so to speak ! and now they have very nervous and waiting! (and when it all grows back and grow back?)

abhishek_bittu

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no its not dangerous

plasmafrog75

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Quote from: TimtheYoutuber on December 12, 2017, 09:35:21 AM

In general it is a pretty risky area. I personally invest and spend a lot of time researching the technology however it is important to understand the risk. Right now, no one is able to hack the network because it is fairl "bullet proof" however in 2 years someone might actually be able to and then were doomed.

Bitcoin can be considered as a risk because Bitcoin is heavily dependent on investors. If Bitcoin is significantly reduced investors will no longer be developed in a good way, I think if in the future Bitcoin has More and more powerful investors, Bitcoin will not be dangerous

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