Topic: Is bitcoin dangerous ? - page 41. (Read 5761 times)
bitcoin with the currency of the country of course made first state currency, and then there is a new Bitcoin then increasingly increasing the type of online currency is increasingly functional not only for transactions but also as an asset value and so on again
Bitcoin is dangerous because its structure and computer security is not stable. Its price may yet double or even quadruple but the market price is almost certain at some point to crash and burn. There will be no one to turn to when it does, because no government or bank is backing bitcoin up, thus the people who are hyping bitcoin will have cashed out and be long gone.
Its transaction system makes it difficult for governments know the identities of people exchanging money, so it has become a haven for money laundering, drug dealing, and corruption. Nevertheless, it's a digital currency of the future, whatever happens.
Its transaction system makes it difficult for governments know the identities of people exchanging money, so it has become a haven for money laundering, drug dealing, and corruption. Nevertheless, it's a digital currency of the future, whatever happens.
Dangerous is only not to invest in Bitcoin and altcoins. Because this is the future, which will bring a lot for everybody involved. It just started and dangerous is only to by out of it 
There's a lot of things that you can actually do in your bitcoin. You can convert it to your prefer currency and buy something you want. You can also pay bills and many more. Its safe as long as you know you are not investing in scams.
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 made to rhe effort of educating people about the evolution of money through digital currency. Yes bitcoin is dangerous because of its risk and volatility in your investment, maybe in the future digital currency will prevail but not for now.
If you are talking about the volatility of the coin itself, then yes, it's dangerous. The reason is that it is way too easy for one side of the equation (buyers or sellers) to outweigh the other side. Once more people adopt cryptocurrency use into their daily activities, the price will stabilize more and more.
Recently, we've been seeing a very stable Bitcoin price until the last couple of weeks. The majority of people that postulate on Crypto are saying that large scale companies accepting Bitcoin are cashing out immediately rather than keeping the coin, which is causing the price to slowly go downwards.
More people will get in and put money into the system. As they do, the price will stabilize yet again. You can watch the trends and it's really really interesting.
As an investor, now is a good time to get in because companies selling items for Bitcoin, especially when they are at a discount, will cause consumers to jump on board which will in turn raise the price again.
Recently, we've been seeing a very stable Bitcoin price until the last couple of weeks. The majority of people that postulate on Crypto are saying that large scale companies accepting Bitcoin are cashing out immediately rather than keeping the coin, which is causing the price to slowly go downwards.
More people will get in and put money into the system. As they do, the price will stabilize yet again. You can watch the trends and it's really really interesting.
As an investor, now is a good time to get in because companies selling items for Bitcoin, especially when they are at a discount, will cause consumers to jump on board which will in turn raise the price again.
Probably if you have thousands of BTC and a lot of people knew it your life and your family's will be in great danger.
This will put you in danger and that's why you don't broadcast or tell to anyone on how much bitcoin you are holding. My friends are even asking me on how many bitcoins I'm holding but I don't want to tell it to them and I want to keep it secret. They are all newbies and they just want to be encouraged and inspired by me but still I don't buy on that reason, it will put my life in danger if someone from them wants to have it and do something crazy to me.
BTC isn't dangerous. What makes it dangerous? Apart from its price volatility, what other reasonable downside does it have. I really do not understand what you mean by it being dangerous. It is easier to use. You do not necessarily have to carry it around. You can acces your money with your computer and the Internet and it's pretty safe. I don't think BTC is dangerous.
I think Yes, but it depends on how users handle their accounts because if they don't have a security on their accounts it will be dangerous.It will be a dangerous especially if you are newbie in bitcoin then you don't know how to handle your account.
Probably if you have thousands of BTC and a lot of people knew it your life and your family's will be in great danger.
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 bitcoin is not dangerous. and this is only because of technological advances. Digital assets are a good thing for the future. Even more than that.
Bitcoin and Altcoins are high risk investments, you should never put in more money than you can't afford to lose, but there are a lot of opportunities out there, just remember to sell high and buy low and hodl 
They say if digital currencies achieve wide-scale usage serious financial-stability issues can occur. As for me every system has an experation date. Cryptocurrency is one of the signs tha our system has reached it peak and needs to be replaced.
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 agree that the profit of bitcoin can be a surprising asset to everybody and even though its so volatile, but its a good sense to invest with it now due to its rising value in the market. Somehow it fluctuates, but the demand always kepts on gaining its popularity in terms of good profit. Currently its now on its stable state while its moving forward to the top struggling to hit again to $20k in the marketplace.
Yes!i think your point is correct, and to say that bitcoin is dangerous is absolutely a misconceptions of the entire cryptocurrrency technology. One thing i understood in this word "dangerous " used to describe bitcoin is- Fear. Some people are afraid of loosing their earnings if they invest in bitcoin and that has contibuted to many nagative comments on social media. main while ,One of Bitcoin’s fundamental values was instant and secure peer-to-peer payment transactions. Now, more than ever, Bitcoin is emerging as the prevailing cryptocurrency in the global market, with a 1,200%+ increase in value over the last year alone.
I think that because of this unprecedented growth, the number of transactions on the Bitcoin blockchain has also increased, with up to 400,000 transactions per day being conducted. This rapid increase in transactions is posing to be a serious scalability problem for the blockchain, with over 90,000 transactions being backlogged as unconfirmed at the moment. However, this issue will be resolved in the near future.
I think that because of this unprecedented growth, the number of transactions on the Bitcoin blockchain has also increased, with up to 400,000 transactions per day being conducted. This rapid increase in transactions is posing to be a serious scalability problem for the blockchain, with over 90,000 transactions being backlogged as unconfirmed at the moment. However, this issue will be resolved in the near future.
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 the eyes of the majority that bitcoin is dangerous but they do not know the importance of bitcoin in our world, because of the misinformation they have encountered in social media and they have anxiety and fear. We can not really avoid the scam we need only to be careful when we invest
yes it is.. it has a very high risk.. and dangerous.. it has potential to drop or dump hard or might crash. to make sure we didnt fall. you must be active in the internet. always keep on to date. dont miss any some new information about it and play safe.
Fair enough it is good for bitcoin to increase bitcoin use in several courtiers and income of bitcoin is making word profitably high now. In several areas bitcoin is working for betterment of all people who are not having other source to have good life with bitcoin. Bitcoin is not dangerous at all because bitcoin is best source of earning and investing today. With small amount of investment we can buy everything that we need to buy it will help me out.
In my opinion: The danger lies in the eyes of the beholder! Bitcoin alone is not dangerous. With the involvement of the certain type of the people, it can become dangerous in some way. Its anonymity provides comfort and discretion for the holder of this crypto coin. This anonymity is presenting big treat for the governments which want to be in the control of the absolutely everything but they don't have the power and the means to take control over Bitcoin. Bitcoins undisputed power is in its limited supply and also in the unique blockchain, we can easily say that BTC is a predecessor to all the current coins that had made the breakthrough to the market.
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.
Bitcoin is a digital investment. As long as there is investment, there will be risks. Therefore, when looking for a project, it is necessary to fully understand the project details and analyze the project's development prospect before investing so as to avoid risks.
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