Topic: Is bitcoin dangerous ? - page 61. (Read 5761 times)
Bitcoin is not at all harmful because anyone can use it. the dangerous are the criminals who exploit the existence of bitcoin. Not yet many governments that legalize bitcoin as a legal means of transactions in their respective countries make criminals who use bitcoin cannot be followed up by the authorities because the government cannot be responsible for the loss.
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 ?
Danger of Bitcoin isn’t bigger than of any other currency. Of course the scale of wide spreading BTC and the speed of it could wonder and frighten somebody. But this is just modern financial world.
Bitcoin is dangerous for the people that don't want to accept it and are strictly against it. Mamy countries are forbidding Bitcoin cause it presents the threat to their centralized currencies. Because taxes can be avoided using Bitcoin governments are not glad that this crypto is being used and cause that they are doing everything that is in their power to prevent the "danger" that Bitcoin is carrying.
I think It's a virtual global currency so bitcoin is not regulated by any one government i mean it is low collapse risk.
[/quote
I don'think so, bitcoin prices are going up like crazy currently the price is going up so fast and too volatile.
[/quote
I don'think so, bitcoin prices are going up like crazy currently the price is going up so fast and too volatile.
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 ?
Your answer is in your question only, you just need to see it clearly. You yourself stated that," too many currencies in each country" and this is main reason why Bitcoin formation was lead. A currency which is above from country matters and can be used every where across the world using internet. In other way you can say that Bitcoin is the currency of the world, thereby making one currency one world under one hood for easy understating and transactions.
I think It's a virtual global currency so bitcoin is not regulated by any one government i mean it is low collapse risk.
Bitcoin is created as another faster payment option, it can be used as a means of payment between countries without identity. Bitcoin was created by Satoshi Nakamoto who also aims to avoid from conventional banks.
That is to be expected as there is always another side of the coin. It has it's advantages as well as disadvantages. Bitcoin can be dangerous because of it's nature. Bitcoin is money and you know that there will always be people who would do anything to get their hands on it. Scams, phising, loses, and etc... If you're not careful enough then you're potentially in danger.
I think that only invest in btc what you can afford to lose. Definitely people are making really good profits out of btc trading / mining. But still you never know when this btc bubble will burst and your all investment goes to ZERO.
Nah not really , Dangerous is too much to be said on bitcoin maybe the right word is RISKY because all of your profit can gain or lose of it in just a snap of a finger.
I think it's not dangerous. but others say it's dangerous. because The Biggest Risk of Investing in BitCoin BTC is it's instability. You do not know, whether you are going to get huge profit or huge loss.
I guess Bitcoin is not dangerous, I do not know whether Bitcoin is created intentionally or not by Satoshi,
but I know Bitcoin has helped most people's finances and made changes in the economy....
but I know Bitcoin has helped most people's finances and made changes in the economy....
No it is not, The only reason why bitcoins are being banned from other country is because they thought that terrorist are using the currency for drug laundering or having different illegal transactions and that is also the reason why ico's in china are banned before.
Around the world right now there are some concerns about the uses of Bitcoin because of safe problem
Anything in this life has some advantages and disadvantages. Like it is the case with Bitcoin.
We can consider it like the most cryptocurrency used in dark net and deep web because of its untracebility, so someone can use it for very bad use (hacking, killing ...).
One of the disadvantages also is the high price right now which caused because a lot of people want to buy it.
In addition, it is not legal in all over the world except Germany and Japan.
We can consider it like the most cryptocurrency used in dark net and deep web because of its untracebility, so someone can use it for very bad use (hacking, killing ...).
One of the disadvantages also is the high price right now which caused because a lot of people want to buy it.
In addition, it is not legal in all over the world except Germany and Japan.
yes it can be dangerous that because still too new. Bitcoin is only a few years old. It's possible that a competing crypto currency becomes more successful than bitcoin or that somebody somehow finds a major flaw in the system. We don't have decades of history yet.
No, bitcoin is not dangerous........... It's the most common and valuable coin in world
Bitcoin has certain risks are Now already many new cryptocurrencies. Bitcoin is history. Because there is a new cryptocurrency that offer a faster transaction is also complete anonymity and a number of other improvements. This in future could lead to a decrease in the share of Bitcoin in the market. And it seems pretty believable..
Not dangerous in fact easy to carry. Not a real problem that needs a solution, but you can carry a billion dollars worth of Bitcoins on a memory stick in your pocket. You can't do that with cash or even gold.
come on guy. 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.
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 ?
But this is obvious, all countries make own money, if the guy who in charge for printing press one day decides that it is not enough for him or for his country, he starts the press and YOUR saved money melts. Whith crypto noone can do such trick. Jump to: