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Topic: Is bitcoin dangerous ? - page 6. (Read 5761 times)

full member
Activity: 246
Merit: 100
February 21, 2018, 11:37:29 AM
You got it right. That's part of the driving force of bitcoin. Also, the transactions are direct from buyer to seller without intermediary. It is very accessible to all as long as you have internet access and possibly even without. The danger is, as always, when thieves steal your wallet passes through phishing or hacking. But the bitcoin network is relatively safe.
full member
Activity: 196
Merit: 100
February 21, 2018, 11:17:27 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 don't think that the term dangerous is the proper term for describing bitcoin. Because actually, bitcoin is no dangerous and is safe in all aspects wether form the users security, transactions and others. But rather, i think the most appropriate term is "risky". Any form of investment is a risk. Almost every transactions and accounts you create on the internet is a risk for all of its users. Bitcoin is created  as a digital currency or asset that is open for all the people. It gives a lot of opportunity for everyone to earn from trading and investments. As long as you handle your transactions and your investments carefully, there's nothing dangerous or risky about it.
full member
Activity: 490
Merit: 101
February 21, 2018, 11:16:25 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 ?

Dangerous can be in the terms of not getting full knowledge of how the market is and you just jump in without observing much - you will get your hands burnt at the most. But when you take time to observe and be patient, it will be a safe operation all through the trading or investment time spent.
newbie
Activity: 42
Merit: 0
February 21, 2018, 11:13:25 AM
Bitcoin is not dangerous and some states accept and support bitcoin.
member
Activity: 130
Merit: 10
Future of Gambling | ICO 27 APR
February 21, 2018, 11:11:28 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 ?

It is risky and dangerous as well. But if you could take the risk and believe in it then you have a great potential to become successful. But if you are not then this cryptocurrency is not for you.
newbie
Activity: 154
Merit: 0
February 21, 2018, 11:10:34 AM
Everything is dangerous when you don't know what it is. The best way to start using bitcoin with profit for youself is learn how everything works inside.
jr. member
Activity: 77
Merit: 4
February 21, 2018, 10:46:35 AM
bitcoin can be dangerous for those who are new to crypto world . but it cannot affect those who have a complete knowledge of it .
member
Activity: 294
Merit: 10
February 21, 2018, 10:11:20 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 is not dangerous because it's decentralized that's why nobody can ever to control it even the powerful people in the world. There are many cryptocurrencies because many people are adopting blockchain technology now and a lot of them really want to contribute their ideas that will help our industry to be more effective and efficient.
sr. member
Activity: 335
Merit: 250
DECENTRALIZED CLOUD SERVICES
February 21, 2018, 10:05:53 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 ?
It's not dangerous and why would bitcoin be dangerous? Bitcoin was made for online payments like satoshi did to buy a pizza, for faster transaction and investment.
full member
Activity: 475
Merit: 100
February 21, 2018, 10:02:01 AM
Well, it is safe as a currency but it is still not recognized a currency by a lot of the countries here in this world. Bitcoin is said to be a threat to economy of countries, I think it is because bitcoin is said to be volatile, decentralized and anonymous, which I think may attract people to use it but when the more users of the country and the price of bitcoin decreases, I think it will be also affecting the economy.
newbie
Activity: 84
Merit: 0
February 21, 2018, 09:55:02 AM
Bitcoin is not dangerous. I think it needs a bit of time for governments. Perhaps in the near future, most countries will accept bitcoin payment. Bitcoin can improve the efficiency of payment, it is not inflationary, it is lower than the banking industry.
Me too. I dont believe bitcoin is dangerous. It can only be dangerous if it is use on illegal activity. But, its impossible since its just a currency. And most of the users are educated and made their accounts secured.
member
Activity: 200
Merit: 10
February 21, 2018, 09:44:18 AM
Bitcoin is not dangerous as long it was handled properly. Actually bitcoin changes so many lives especially to those people who believes and invest at it. It can only be risky if you engage at trading while you are not totally equipped of knowledge and techniques on how ro make investments more profitable and far away of investments loss. Bitcoin is not dangerous only bad people is dangerous!
jr. member
Activity: 201
Merit: 1
February 21, 2018, 09:37:47 AM
in my opinion bitcoin is not dangerous, as long as we know how to run it when bitcoin position again up and down. Smiley
newbie
Activity: 82
Merit: 0
February 21, 2018, 09:35:26 AM
If someone misuse Bitcoin for doing offensive work like buying drug or something than it's dangerous of course. But the people who do business and make profit from buying and selling Bitcoin and other crypto its not dangerous for them. But in some country it's illegal to buy sell or doing anything with Bitcoin. So it's dangerous in there.
hero member
Activity: 994
Merit: 544
February 21, 2018, 09:31:49 AM
I think bitcoin is dangerous day by day,but if you use it for good purpose than its will safe.
its depend of you how you uses it. if you use for crime related activities than its will be dangerouse

Definitely.  And all other things when you do bad to others.  Dangerous or should we say risky that is why some are really afraid to try bitcoin.  But in every investment there is always a risk and people consider it as dangerous.  Just invest what is okay for you to lose.
newbie
Activity: 173
Merit: 0
February 21, 2018, 09:30:38 AM
You can find danger everywhere you we must be careful on every site, we access, every software we install and don't ever send private keys to anyone. Bitcoin is not generally dangerous. Bitcoin produces profit.
member
Activity: 203
Merit: 10
February 21, 2018, 09:29:27 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 because bitcoin is not scam and bitcoin is have a full secure!
newbie
Activity: 98
Merit: 0
February 21, 2018, 09:27:46 AM
It is not...it is only dangerous if a person do not understand it, if he/she are investing money but can't afford to lose it. Bitcoin is risky but before you involved yourself to it, you must be ready.
member
Activity: 126
Merit: 10
DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh
February 21, 2018, 09:07:06 AM
Mining is dangerous for the environment and not sustainable in the long term (both scalability and environmentally). Hence I'm only investing mainly on coins that do not require mining.
member
Activity: 112
Merit: 12
February 21, 2018, 09:05:54 AM
Dangerous if you will not join now. Financial freedom. Everyone wants it.
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