Is bitcoin dangerous ? - page 57. | Bitcointalksearch.org

zarados

full member

Activity: 364

Merit: 130

extreme risk is a more appropriate term than dangerous. For people who are just entering the world of cryptocurrency investments, especially Bitcoin, this is an extreme step as an investment. What was once a high risk, now can be regarded as an extreme risk. Because the price can one day fall at any time and no one can guarantee the price will continue to be above.

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 ?

people always want an Instant transaction, easy, and cheap. Bank, Paypal, or other companies have not been able to make it happen. Thus, Bitcoin emerges as a cryptocurrency that can manifest all expectations of people.

BruceAndrew

newbie

Activity: 52

Merit: 0

It depends.Just dont invest money you cannot afford to lose

bitcoinVPSD

full member

Activity: 442

Merit: 101

Yes, I think Bitcoin also has some dangers. Unrelated to governments, criminals are more likely to use btcoin for gambling, drug trafficking and illegal bitcoin transactions. Bitcoin is mainly through the internet, so it can be exploited by fraudulent hackers. At present, many bitcoin sites are created to trick people into investing in it.

Heartseed

member

Activity: 82

Merit: 10

Bitcoin is dangerous depending on what country you live on. since there are other countries that ban bitcoin mining and other forms of crypto currency but if it is not ban at your country then bitcoin is safe and very flexible since there is many ways to use it such as paying bills and other forms of bill. act as an money to transact into different places and many more. so it varies the dangerous level in your country but all in all i can say that bitcoin is not dangerous at all.

jovs

sr. member

Activity: 672

Merit: 250

Quote from: Catmony on December 12, 2017, 08:41:39 AM

# 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..

Bitcoin has been around for almost a decade, utilizing its function in the market, serving as a financial tool for many users and players. Why would you ever think that bitcoin could be dangerous, when it is in fact serving for the benefits of its patronizers. Everything you do in bitcoin is base on your own free will, like saving, trading and investing. Just avoid suspicious websites for your own security while getting deep into cryptocurrencies.

ModaFuka1994

member

Activity: 182

Merit: 10

The stock photography revolution

Why do you say Bitcoin is dangerous, personally, Bitcoin will be the currency of the future, replacing all offline currency at the present time and the future of the currency. Bitcoin is only dangerous for those who deliberately use it for malicious purposes such as the sale of narcotics, weapons or illegal substances. BTC is used for the purpose of bad because the security of this currency is great, never disclose any personal information when the transaction should be easy and convenient for individuals and organizations use BTC for the bad purpose.

xSkylarx

hero member

Activity: 2366

Merit: 594

It is for easier way to send your money to all over the world,
It is decentralized and you could send it without even listing your name it is made for anonymity.

Dreamchaser21

full member

Activity: 686

Merit: 108

Quote from: joshua05 on December 20, 2017, 05:32:01 AM

Bitcoin is the most popular and the most expensive coin all over the world of course it's very secured, Wallets in bitcoin specially is encrypted so you're the only one controls your wallet

A little bit dangerous simply because a lot of people are showing some greed just to own bitcoin and better to hold it more secured. Bitcoin is really powerful and I believe it will continue to soar higher in the next years, so better to hold it. The only thing that you must be scared is the people around you, because bitcoin offers great technology no doubt.

BlackRacerX

full member

Activity: 462

Merit: 102

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 non-investors who have no clue on what bitcoins are and just jumping into it without a thing in mind, then it is really dangerous for them. They would not be ready for the price dips and crashes and this would push them to a panic and sell immediately once the value goes below their initial investment. It's dangerous because it's risky.

Leopardon29

jr. member

Activity: 70

Merit: 2

It's dangerous to anyone who doesn't do due diligence. You first need to understand how this technology works. Once you answer your own question, then it means you are ready to invest,trade,mine, etc.

cutecute

full member

Activity: 378

Merit: 100

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 ?

No bitcoin is not dangerous is it safe to work on it and is it legal in some country. Some said bitcoin is dangerous and risky but I can't see the reason why is it dangerous and risky. If you read all the information that you need to know you can't say that it is dangerous because there are so many process here.

joshua05

full member

Activity: 310

Merit: 103

Rookie Website developer

Bitcoin is the most popular and the most expensive coin all over the world of course it's very secured, Wallets in bitcoin specially is encrypted so you're the only one controls your wallet

jaaeeeyyyy

full member

Activity: 434

Merit: 101

It's kinda risky specially today that bitcoin costs almost $20000, it made you think that if you invested to it and all of a sudden if goes down its a big loss for you. Regards to its uses , its not that dangerous as you can transact anonymously. It does not need any forms to fill like name , age , location etc.

christmark183

newbie

Activity: 6

Merit: 0

Maybe not too dangerous. but this the changes from cash to simply way.

johnrickdalaygon

full member

Activity: 182

Merit: 100

Yes bitcoin is dangerous and risky, Bitcoin has no safety mechanisms. Typically, you'll get a private key or random words which protect your wallet. If you lose your key, your funds will be gone with it. There's no support to contact, no way to change the password, and no way you could verify your identity to get your account back. When it's gone - it's gone, there's nothing anyone can do.

Krishan_94

member

Activity: 68

Merit: 10

For long term holding, bitcoin never be dangerous.. Because bitcoin never gonna go down as far as i see.. But for day trading , you should be very careful with numbers.. Because even decimal points make big change in USD value. In that case btc is dangerous.. Thats the only place it becomes dangerous.. Otherwise bitcoin is very stable now a days.. Theres nothing to worry about it at all.. Even though crashes happened, all the times it came back much stronger.. Dont think twice to invest on btc..

LegGekkouga

member

Activity: 77

Merit: 10

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 itself isn't dangerous, gambling in bitcoin is or in any gambling places. There's that but if you want to earn money without investing any just apply for a signature campaign or anything like that.

Imraulrafi

newbie

Activity: 187

Merit: 0

It every time danger if you investing in this forum to unable timing.

edgarcoinny

newbie

Activity: 17

Merit: 0

I feel like all cryptocurrencies are a bit dangerous since we have no way of assuring that they will increase or decrease in price and also have no way of knowing if they will completely be phased out and disappear.

Nida Salva

newbie

Activity: 15

Merit: 0

Yes, bitcoin has easiest and fast transaction when in terms of money. Mostly nowadays, there is an internet. That's way bitcoin is in demand.

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