Topic: Is bitcoin dangerous ? - page 40. (Read 5761 times)
crypto meas dangerous, youmust have to take risk otherwise you can't gain.. bitcoin is risky but not enough risky
Maybe, because there is no law and policy protection
Bitcoin is different from a Fiat Currency in numerous ways, some of which have been mentioned below:
#Bitcoin has no central authority, unlike other currencies which are backed by the government.
#Bitcoin is subject to inflation alone due to scarcity caused by an artificial limit. Country backed currencies are subject to deflation as well.
#Bitcoin transactions are registered in the Bitcoin blockchain. This acts as a ledger, whereas cash transactions may or may not be recorded.
#Bitcoin transactions are immutable, whereas the majority of digital records can be duplicated.
#Bitcoin transaction requires fees to be paid to miners. This is quite similar to taxes we pay the government, except taxes can be evaded quite easily compared to having a transaction registered in the blockchain without paying fees.
#Bitcoin transactions are made over the internet and are public, which includes your Bitcoin addresses being known, whereas cash transactions are pretty much anonymous and do not leave behind a trail.
This all feature make it different than other currencies that exist and more attractive too. It gives financial freedom..
#Bitcoin has no central authority, unlike other currencies which are backed by the government.
#Bitcoin is subject to inflation alone due to scarcity caused by an artificial limit. Country backed currencies are subject to deflation as well.
#Bitcoin transactions are registered in the Bitcoin blockchain. This acts as a ledger, whereas cash transactions may or may not be recorded.
#Bitcoin transactions are immutable, whereas the majority of digital records can be duplicated.
#Bitcoin transaction requires fees to be paid to miners. This is quite similar to taxes we pay the government, except taxes can be evaded quite easily compared to having a transaction registered in the blockchain without paying fees.
#Bitcoin transactions are made over the internet and are public, which includes your Bitcoin addresses being known, whereas cash transactions are pretty much anonymous and do not leave behind a trail.
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 ?
I think it's dangerous when you buy all the bitcoins your money then its price drops and it's just gone, it's hard for you to earn money and it will not come back. And also Dangerous in the sense that its market price is very volatile where price can go down like crazy but on the better side of it, bitcoin can give you big profit when its market price rises drastically too and in fact bitcoin is known to be the biggest wealth distribution today.
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 financial crisis in 2008 made investors fear. The US Federal Reserve (FED) has to inject money to help the global economic downturn, prompting questions and losing confidence in the government-issued currency.At that time, the idea of a "crypto currency" currency, especially Bitcoin, with the "Block Chain" block technology, behaved like a notebook. plus lists all transactions.
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 ?
well in my opinion bitcoin is really dangerous if you dont know for what you are doing,because some of them are dont know what bitcoin came from they are just joining even they dont know the meaning of bitcoin they dont even know how to answer very well the questions thats why it is dangerous to them to join because they are afraid to be scam. 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 answer is part of your question. Because there are so many currencies around the world and each country has its own exchange rate taxes which are deducted from your transaction by its banks, Bitcoin comes as an alternative to reducing those cuts. It eliminates the middle man from the equation, so to say, which also removes the need for so many confirmations on your transactions, thus making them faster.
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 ?
it is really dangerous if you do not know what you are doing,if you join bitcoin you have to be very careful in what you do,and you have to be smart to answer the question you read because if you fail you will be scam and your bitcoin is lost. 
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 bitcoin transaction security is very safe and convenient, because you can track the existence of the money you send, but there is a dangerous bitcoin weakness, that is when the internet is not there, then bitcoin can not circulate anymore. I hope bitcoin is still but popular and useful in the future.
Bitcoin is a highly security system useing blockchain technology.So it's a real secure project.people feel fresh to keep money on bitcoin now. It can be said to be dangerous, because chances are the corruptors will wash their money by buying bitcoin miner and mining bitcoin or other crypto currency. Wash money with long-term investments in cloud investments. Purchase bitcoin in bulk then hire big traders to play the crypto money.
bitcoin is't dangerous, bitcoin is the best coin just now, but the bitcoin popularity will be decrease
cause the cost of bitcoin is high-priced and many people scared to invest in bitcoin
cause the cost of bitcoin is high-priced and many people scared to invest in 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 ?
I think yes, because some of countries planning the bitcoin to be ban in all over the world. I think our government aslo planning the bitcoin to ban in our country. I don't want to ban the bitcoin in our country because I want to earned more money to buy my needs and to help my family in our expenses. I want to became prosperous our life. I aslo want to have a business using bitcoin because the bitcoin is a good investment my friend told me that.
I don't think this is the right forum for this question. There is no middle ground on a view around bitcoin, either organizations/people/countries are against it or communities are for it so it is essential that you create an opinion around this on your own on the basis of your understanding and reading/exploring various documents and videos. but it's important that you have a framework to evaluate bitcoin and the concept of cryptocurrency in general.
I don't think that bitcoin is dangerous because they have a big amount of people that support bitcoin and I survey this forum the bitcoin is legal to play of all people because they believe that bitcoin is the one of key to success their own life. I think the people will not support bitcoin with out a information in it and bitcoin not give a big amount of money if they not believe on it. That's my oppinion on if bitcoin is dangerous.
I think you need to read Satoshi Nakamoto's whitepaper on bitcoins and you will understand why bitcoins was created to add to the numerous currency that existed before bitcoins. I think it has done as good than bad, so however motive it was added should be appreciated.
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 ?
Of course, internet is the source of information now a days so they will surely look for something that is a very quick and easy transaction that don't need to go on anywhere. Paying bills is very easy with the help of this new technology.
For me bitcoin is not a dangerous site or business. It is actually profitable investment. And investment like this is never a dangerous if the investor really care for her money. And if the bitcoin dangerous maybe the government really acknowledge people to not invest bitcoin. But in my country they didn't ban bitcoin. But the things we have to think about is how easily bitcoin encrease the value of bitcoin. And you know the answer, this not a dangerous they give us a upportunity to invest more and did not came up like scam.
Bitcoin are dangerous to those countries that can't compete with it that is why there are countries that definitely banned it, but for me i don't see any problems with bitcoin at all, it is actually a good opportunity for everyone because the market is not limited, it is accessible from all over the world as long as there is no ban imposed.
Bitcoin is never dangerous in any form. It is a means of profitable investment.
The world's advanced countries recognized Bitcoin.I think if Bitcoin was a danger, then the developed nations would not have accepted Bitcoin.
I think you should read a lot in this forum about bitcoin and its technology. If you read Satoshi's explanation you can have knowledge. I suggest you to read pinned threads in forum. If you think that fiat money is not dangerous, you should not ask this question.
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