Is bitcoin dangerous ? - page 69. | Bitcointalksearch.org

DaftAjax

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Quote from: Zekemporium on December 12, 2017, 11:14:58 AM

Bitcoin is different from all other cryptocurrency in it is decentralised hence open to all.

I'm not convinced, Bitcoin don't have much of the difference with other coins. They are all decentralized indeed, as they existed in the blockchain. What do you mean by open to all? Although it is decentralized, meaning there is freedom in using it, but there are countries that have banned these currencies, so it would likely be not open to all. Talk about volatility.

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Transactions made for bitcoin are anonymous and hence never traces.

Its not anonymous, as you might think it would be, as you can be tracked via blockchain. By conducting an investigation about certain anomalies, scammers have already been arrested by this method.

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If you said dangerous in the way of hacking, then by using offline wallet or cold storage you can safe your bitcoins.

You can only be hacked by your own recklessness and not the type of wallet you're using.

Andalusy

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I do not consider bitcoin as currency, because it would be illegal in my country. For me bitcoin is an asset that can be traded legally. And as a long-term investment that promises a huge profit, how not this year's bitcoin rise to 2000% if we invest early this year then now our assets have gone up by 2000%, that's not a small value, if you ask if bitcoin is dangerous, yaa because the value of digital asst is very fluktuatif.

Dudeperfect

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Quote from: akiraminai on December 12, 2017, 08:25:15 AM

too many currencies in each
country

And every currency is restricted to the geographical boundaries of those countries. On the other hand, the internet is universal and we need something that is common for each and every internet user in terms of monetary value. Bitcoin fulfils this requirement by providing equal value and platform to the users in every country irrespective of the price of the currency of his country. It brings more uniformity in the world of internet. Since it is in the development phase as of now, it is volatile in nature and might sounds dangerous for the safe players.

stryker

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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 ?

First, decentralization is the main advantage of such currencies.
Secondly, I wouldn't say that anyone can make a type of currency, rather everyone can create a token based on some kind of crypto currency. This is not a currency. Token is used to simplify crowdfunding fees, and also as an analogue of shareholdings.

yummydex

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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 ?

Dangerous if you abuse it.

pri3oner

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Bitgesell (BGL) Decentralized Cryptocurrency!

This is a brand new system in economics that has a lot of bugs (that's why u can call it dangerous) BUT it's brand new as I've said cos we all kniw why: decentralized, anonymous, fast, no huge fee's.

Sasuke102001

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Bitcoin isn't dangerous for us, bitcoin transactions are anonymous, bitcoin is decentralized so I don't see bitcoin posing a danger to us. Some would say that the volatile nature of Bitcoin can be a danger, but it couldn't pose a danger right, whenever the price fell, bitcoin prices increased even more so I bitcoins volatile nature can be a danger to us. But some governments see bitcoin as a danger as it bitcoin threatens their normal economy and currency.

btcprospecter

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The volatility makes bitcoin dangerous. There will always be an element of risk involved with any investment but we would truly like to see bitcoin used as a currency more so than a store of value.

jenius

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the technology itself is not dangerous, it just depends on how people are using it

jmiro1

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I think you made the wrong discovery here. You may say that why the Altcoins were introduced but not bitcoins. Bitcoins is the first of it's kind. Yes, there's so many currencies in the world but you can say internet currency is a new technology. And this particular technology has a demand in the world market. So, you don't have to wonder about it's necessity. Is it dangerous? Yes it is dangerous. Playing sports can cause body injury, you may call that dangerous as well. Do you like gambles? I bet you do. The way I see it, gambling is also dangerous cause it can take out your money. All the best with bitcoins and crypto currency.

lagista

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I think it is not dangerous, because bitcoin is now getting official action in some countries. bitcoin is very dangerous if it is misused for criminal and criminal acts such as terrorism, fraud and corruption.
but if for sale and purchase transactions and for exchange I think it is not dangerous.

maman09

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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 ?

this is the development of the times. basically revolution always happens in human life, so all that is very reasonable thing. I think there are many ways to explain it to you, so you better understand what bitcoin is. but I just want to suggest. read more about bitcoin and crypto knowledge.

SONG GEET

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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 is far more different than usual currencies we have, all fiat are created by banks for their own profit, other centralized payment processors like paypal is known for scamming people with high fees and locking accounts for more than 6 months, gold and silver market is manipulated heavily.

Bitcoin is on other hand provides fast, secure, irreversible and anonymous financial transaction so that you can use your money wherever you want without any restrictions.

Sundark

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It's not dangerous. It's just risky. You can buy it, but you may lose your money if bitcoin turns out to be a bubble.

Kambal2000

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It is dangerous. Why? because it is decentralize it means that its price is not controlled by the government so there is no assurance for us that bitcoin will be at stable price although we are already aware of that possibility. But for me, it is better to take risk than nothing in return at all, we just need to learn all that we need to learn.

cloud777

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Is a knife dangerous?
Yes if you don't use it for cook.

Jackblack90909

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Bitcoin is not dangerous, you just have to take care before investing or sending your BTC because you cant get it back for any reason. Also there is some volatility of the price but its in general not really dangerous since the price actually is going up highly.

zombie6

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of course it is like a terminator) is dangerous for banks and for the economy as a whole, this is a revolutionary technology that will change a lot ...

jobjorn

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it is dangerous if you don't understand how bitcoin work, don't invest in something you don't know

Hobo66

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I would say no bitcoin is not dangerous, for bitcoin to be dangerous it would be all on you.
The way you use your bitcoin spending on or doggy ways to earn them coins.
Going the legit part is always fun so stick to that, as I said its all on the way you use your bitcoins.

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