Is bitcoin dangerous ? - page 70. | Bitcointalksearch.org

Marrionbitcoin

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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 will never be dangerous and as a matter of fact it helps many people to earn additional income for their future. This will be dangerous if you will use it for crime or wrong doing so it really depends to your purpose but the real purpose of it is for the betterment of our lives. However, there's only risk when it comes to security that the Government must implement rules and regulations for the security of the investors. Just think the brighter side of Bitcoin. It helps so many ways like paying monthly bills or fund transfer without charges and hassle free.

Rana590

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I think bitcoin is not dangerous. It is now on trouble season. Increasing a rapid level is not good for bitcoin in this position. So i think it will come good news from them.

imoet

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homt.net

I think bitcoin is not dangerous at all. Maybe we will face the risk. But I think it is normal to face risk because bitcoin one of the kind of investment. As investment we will just face the risk about the price that related with the market situation. I think it just related with careful and careless. As users people should be careful about their profile in bitcoin.

spartan82

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Bitcoin is not dangerous. It future currecny for improve you life and you will gather more information. You will know the bitcoin process then will understand the bitcoin. Bitcoin will be connect the all country people. Bitcoin is give more opportunity for the improve your life. You will learn the information from bitcoin. Bitcoin is improve the people life. People will be growth country will be growth. Sl

Siopao

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I don't think the word 'dangerous'fits for bitcoin, sure it have its own risks but it's not dangerous. Cryptocurrency is made to let us experience financial transaction without the middlemen thus its tantamount to saying that lower fees will be imposed in it. Also, it is designed to be used without giving a lot of information about the person whose making the transaction that might expose him in higher risk. Bitcoin as the leading cryptocurrency offers a revolutionary and reliable financial transaction and framework to people. We are lucky that nowadays we have known, use and become literate with this new version of financial strategy.

_Mikasa_

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How do you think bitcoin is dangerous? You can tell that bitcoin is dangerous for users who don't know how to secure their own private keys. But still bitcoin is I think safer than fiat system in terms transactions. Yes bitcoin have a very expensive transaction fee but you are not tractable.

MMA

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Quote from: Btcvilla on December 12, 2017, 11:24:52 AM

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 not dangerous, many people think differently. but all agree, bitcoin can be very profitable. this is one of the benefits of bitcoin versus fiat currency. I just wanted to give you some advice. digest knowledge of bitcoin and crypto in this forum. you will know a lot about the benefits and benefits that you can use in your life

Bitcoin is not dangerous, it is different from person to person. For those people who do not have any experience in trading then bitcoin is dangerous and risky for them. but those people who have some experience in trading then trading is safe investment for them.

Btcvilla

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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 not dangerous, many people think differently. but all agree, bitcoin can be very profitable. this is one of the benefits of bitcoin versus fiat currency. I just wanted to give you some advice. digest knowledge of bitcoin and crypto in this forum. you will know a lot about the benefits and benefits that you can use in your life

Zekemporium

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Bitcoin is different from all other cryptocurrency in it is decentralised hence open to all. Transactions made for bitcoin are anonymous and hence never traces.
If you said dangerous in the way of hacking, then by using offline wallet or cold storage you can safe your bitcoins.

franky1

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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 payment is ~~anoymous~~ pseudonymous
# bitcoin is ~~decentralized~~ distributed
# bitcoin is ~~not~~ issued by any
# ~~nobody~~ core can increase total supply of

1.many scammers have had their funds traced via the blockchain. examples are the agents that investigated silkroad got arrested because it was found out the agents themselves were taking funds out of silk road,.. also the mtgox funds are known. and other funds can be traced. so its not anonymous. its pseudonymous. for instance it took me 0.5 seconds to find out catmony owns 1CzctPaiivoMJLwTCEVQZvzLWWtbfP7ENo

2. the data is distributed. but there is a centralised hub that CONTROLS what the rules should be.. its known as core. there have been too many instances that the control of the bips(proposals) and the direction of new features/abilities of bitcoin have gone down one direction of one group of linked people.

3. mining pools issue new coins.. new coins are issued ~144 times a day. if new coins were not issued then all 21mill would be in existence and no more coins could be made

4. core can and have proposed to increase the units of measure.. as part of their lightning project the main devs are trying to push

in short
bitcoin does not have the same ethos of 2009-2014

lighpulsar07

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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 ?

Well in order to answer your question by yourself, go to bitcoin.org and read the white paper for to understand what bitcoin really is and you will understand why satoshi nakamoto created bitcoin but unfortunately, the current state of bitcoin doesn't suppose to happen in white paper the higher transaction costs, slower confirmation time so it might disappoint you if you read the white paper and compare it to the current situation and the situation supposed to happen

WUWARAOLUOXIANG

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It is always dangerous for people who dont know about it. The fear itself is the strongest enemy, my opinion. >_<

mayo2u

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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 ?

I'm not too certain how the text is applicable to the question.

For the answer to "why" read Satoshi Nakamoto's White Paper - we want to have a decentralized currency that cannot be controlled or manipulated by a central authority and which one can use to make anonymous (or in BTC's case) semi-anonymous transactions.

Is it dangerous? Dangerous in what way? To dictators? Yes. To people who don't know the risk in how to create and store passwords? Yes.

akram143

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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 ?

The real reason for bitcoin invention was to stop hacking online transactions because the online transactions of fiat currency can be hacked by hackers so some unknown community people created bitcoin which cannot be hackable because the transaction was fully anonymous so no one can intrude between your transaction.But now people treating bitcoin as asset because of its price growth.

Reatim

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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 ?

I suggest you read Satoshi's White Paper to truly understand why bitcoin is made. And what's its purpose.

https://bitcoin.org/bitcoin.pdf

Satoshi wants a system that you can used or transact without any middleman, without trusted third party That's why bitcoin is P2P (Peer-to-Peer), and non-reversible transaction. So you are your own bank. So bitcoin is not dangerous in a sense, because you don't need third party like banks to be able to pay someone in the other side of the world.

Bitcoin dangerous? Obviously it was designed not to, however, criminals has exploited it features and began to used it on their illegal activities, like drugs and hackers and scammers take advantage of it to steal from unsuspecting victims.

KevinHD

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Bitcoin, could only be dangerous if you took the risk of investing all of your money onto it. That could dealt some huge regret if bitcoin would fail. It is never been dangerous because it is still man-controlled and powered which can't be stolen nor cheated unlike an AI which learns everything from pieces to huge limitless knowledge.

mjnick01

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Is bitcoin dangerous? Bitcoin is dangerous today
for unknown reasons
many are trying to imagine having many bitcoins
so it is said that you will be able to get B'Block Mail, you can also be in danger because many want to get your bitcoin
but if you are good at promoting or if you have more wallets you are safe at risk
it's just dangerous to get rid of such a bit of bitcoin in a foreign country you can take
be careful about handling
good luck and god bless

TimtheYoutuber

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In general it is a pretty risky area. I personally invest and spend a lot of time researching the technology however it is important to understand the risk. Right now, no one is able to hack the network because it is fairl "bullet proof" however in 2 years someone might actually be able to and then were doomed.

Bitcoinislifer09

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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 ?

I think,it depends on how users handle their accounts because if they don't have a security on their accounts it will be dangerous.It will be a dangerous especially if you are newbie in bitcoin then you don't know how to handle your account.Yes,it has a risk in investing here in bitcoin especially if you are in a higher account so I advise to you to be careful and monitor your security in your account.

kingragnar

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it depends on the user. If a person makes a mistake using bitcoin it will be dangerous. Especially with the scammer that makes the hype site you can earn on the first one and sooner you will not be aware that your capital is no longer growing or gone in that investment. Gambling online can be considered dangerous because there are so many addicts here that sometimes cause stealth and bitcoin gain and money.so be careful about the need for this kind of field.

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