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Topic: Is bitcoin dangerous ? - page 63. (Read 5761 times)

sr. member
Activity: 560
Merit: 257
December 14, 2017, 12:55:49 PM
Only thing about bitcoin that we could say that it is dangerous is that there is a chance of losing money. If person doesn't know enough about bitcoin, and doesn't follow world news that concern bitcoin, they could make a decision which will lead them into losing their money. Of course there is possibility of bitcoin destroying other currency, if people start using bitcoin over their local currency. Other than that I don't see anything dangerous about it. As a matter of face there are a lot of positive and good things that comes with it. Hope other people see that too.
member
Activity: 101
Merit: 100
Cointed. The Future of the Money
December 14, 2017, 12:51:37 PM
I think no, because bitcoin is not dangerous. How bitcoin can be dangerous? In what way is he dangerous to us? Bitcoin it is so very important for those who want to earn and rich and those who are short of wages to help their family.Bitcoin is scattered in different countries to support earn income to high quality and good standard economy in one country.Bitcoin is not dangerous if you scared about bitcoin try first before you are afraid and you know what the bitcoin and how can he help you.
I don’t really think so that bitcoin can be dangerous for someone who is having a good knowledge about the things related to that of bitcoin. If you are having enough skillset, then bitcoin can really do great wonders in the form of a very good amount of profit. Investing in bitcoin can help you in making some good amount of money which can help you in having a comfortable life.
Maybe for some people who use it in illegal transaction bitcoin will dangerous for them. But when you use it in the right thing maybe you cant feel dangerous about bitcoin. Also bitcoin has advantages and disadvantages so its depend for people how they use it.

Question is not clear tough. It can be in two different meaning. One is bitcoin's usage in dangerous activities and another one is danger in losing all your bitcoin investment. I think he implied the second one. If so, the answer is yes it's very dangerous that you can lose all your investment in once. So just take risk that you can manage.
full member
Activity: 616
Merit: 105
December 14, 2017, 12:46:56 PM
Bitcoin is not dangerous
now has entered the digital era, one of which is the era of cryptocurency
from this bitcoin is the first to start the emergence of other coins
the era is getting more advanced and technology is sophisticated there is likely to emerge the era of all-digital payment
maybe bitcoin could be one of the means of payment later
but it depends on the government of each country
sr. member
Activity: 574
Merit: 251
December 14, 2017, 11:59:38 AM
Bitcoin is not at all dangerous. It made for the use and benefit of common man, its quiet easy to operate. It’s a young digital currency; it needs still time to be mature/settle. Bitcoin is still unknown in many countries. What is needed is awareness about bitcoin as a currency and also as an asset. In the absence of which misunderstandings get created. People still think that bitcoin is some kind of internet fraud. There is nothing dangerous in bitcoin, its perfectly safe in blockchain.
newbie
Activity: 266
Merit: 0
December 14, 2017, 11:52:51 AM
For me it's not risky, because bitcoin is safe to invest. You must safe your bitcoin for that defense that it not be dangerous. Bitcoin is just an investment as a result you don't have to badly character unwell if it's shackle or not. You have your won mind if you burden to invest your part or not.
member
Activity: 165
Merit: 14
December 14, 2017, 11:26:17 AM
Nope. Just dont go to any suspicious websites to be secured and not be hacked since your wallet in online.
member
Activity: 140
Merit: 11
December 14, 2017, 11:20:02 AM
I think because digital money is more practical than fiat money, and more secure
bitcoin is a new revolution in this era, it is time the whole world to use new currency and replace the paper money with this crypto money, because the change is necessary
if the problem is harmful or not it returns to how we use it
member
Activity: 92
Merit: 10
December 14, 2017, 10:25:24 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 it is dangerous. I think that bitcoins would be dangerous if we use it illegally, for example we use bitcoins in a campaign or any job that we announced and you are going to reward them for the job they did, but instead you just keep it and you don't pay your workers, then it could be a source of your danger coming from the people you tricked to.
full member
Activity: 244
Merit: 101
December 14, 2017, 10:17:46 AM
Bitcoin being dangerous is one of my first perception when I heard of it. Well if you are going to study, research or maybe read or watch videos about bitcoin, it will explain to you why it is decentralized, not controlled by the bank. It is actually sounds creepy because some people may think where does the money come from. It can be used though online as well but no reports of having a bad incident about it.
legendary
Activity: 916
Merit: 1003
December 14, 2017, 10:05:36 AM
Of course Bitcoin is dangerous and that's good!
Bitcoin is disruptive to the status quo just like all successful ventures.  Disruption leads to the destruction of stodgy, moth-eaten institutions that are no longer relevant.  Yes, that's very dangerous.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
December 14, 2017, 10:04:17 AM
I think no, because bitcoin is not dangerous. How bitcoin can be dangerous? In what way is he dangerous to us? Bitcoin it is so very important for those who want to earn and rich and those who are short of wages to help their family.Bitcoin is scattered in different countries to support earn income to high quality and good standard economy in one country.Bitcoin is not dangerous if you scared about bitcoin try first before you are afraid and you know what the bitcoin and how can he help you.
I don’t really think so that bitcoin can be dangerous for someone who is having a good knowledge about the things related to that of bitcoin. If you are having enough skillset, then bitcoin can really do great wonders in the form of a very good amount of profit. Investing in bitcoin can help you in making some good amount of money which can help you in having a comfortable life.
Maybe for some people who use it in illegal transaction bitcoin will dangerous for them. But when you use it in the right thing maybe you cant feel dangerous about bitcoin. Also bitcoin has advantages and disadvantages so its depend for people how they use it.
legendary
Activity: 1006
Merit: 1000
December 14, 2017, 10:00:45 AM
No need to worry about bitcoin, bitcoin is not dangerous
Bitcoin is a cryptoccurency and The best of payment in the world. Many of people already use it right now
member
Activity: 359
Merit: 15
December 14, 2017, 09:58:48 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 ?

Because the opportunity is there creating a thing that are not existed is big scope for the developer why are you thinking that bitcoin is dangerous its depends on how you used your bitcoins.
newbie
Activity: 1
Merit: 0
December 14, 2017, 09:55:48 AM
Thank you guys, I too was wondering if Bitcoin was indeed dangerous because I am thinking on starting on it. Good read. The most dangerous thing thus far is the fact that there would be no authorities that can help me, but I can take the risk...
member
Activity: 94
Merit: 10
December 14, 2017, 09:52:58 AM
Bitcoin in my opinion is not dangerous depending on how we use it, but not a few nagara that does not legalize and prohibit bitcoin. I also do not know clearly the reason. Indeed, no bank is authorized to control bitcoin, the risk is no party will help if things happen that do not want.
member
Activity: 154
Merit: 16
December 14, 2017, 09:26:44 AM
There is no national federal bank is regulating bitcoin, if currency fails there is no authorities that can help you.
legendary
Activity: 1302
Merit: 1037
December 14, 2017, 08:52:55 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 ?
Cryptocurrency world - is the future! Financial freedom, decentralizing and more and more.
In short, bitcoin is the future of the world and we cannot survive without it. Bitcoin is the only currency which is offering complete security with complete freedom.

This was not possible ever before the invention of bitcoin. There were banks which used to keep all tracks of your money, charge you heavy taxes in order to keep your money in lockers or at safe places. Indeed, bitcoin has changed the meaning of freedom in economics.
newbie
Activity: 42
Merit: 0
December 14, 2017, 05:44:26 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 ?
Using different currency is not good for us, some time those currenies value are bigger than the other and can become lower too. It will harm one of countries and give benefit for the other. The real danger currency is fiat, not bitcoin. Bitcoin risk is the volatility but if all people use it there is no problem with it.
sr. member
Activity: 658
Merit: 256
Freshdice.com
December 14, 2017, 05:40:32 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 not dangerous but rather is a bit risky AT THIS MOMENT. Bitcoin is an opensource system and is also decentralized so transactions are not under the surveillance of any government. Also it is not uet legal to most of the countries which limits the use of Bitcoin, also, its market value is volatile which adds risk from investing into it.
sr. member
Activity: 457
Merit: 262
December 14, 2017, 05:38:16 AM
I am living in Nepal and it is dangerous to use Bitcoins here. The Nepalese government banned the usage of Bitcoins many years ago. Technically you can be arrested if you deal in Bitcoins (although they are yet to arrest anyone for doing so).
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