Is bitcoin dangerous ? - page 9. | Bitcointalksearch.org

First77

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Quote from: DispatchLabs on February 08, 2018, 09:13:35 PM

Bitcoin is not inherently dangerous. It is the user of the technology that makes it dangerous or uses it for good. The technology is just a tool wielded by the user.

with $650,000,000,000 being sent here and there anonymously and untraced, a major terrorist attack or War is imminent.

Ryanpaul80

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For me Bitcoin is dangerous because you can be scammed if you dont think right and make a right descision Bitcoin is dangerous because you put your money in risk like investing in Bitcoin if its price go down your money will be wasted and your future and your family will bein risk and you dont know if you negotiating in that person that you dont know what is his/her identity you can be scammed.

Paopao

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I think you need to read Satoshi Nakamoto's notebook about bitcoin and you will understand why bitcoin was created to add much money to it before bitcoin. I think it has done as good than bad, so yet the motive it added should be appreciated.

DispatchLabs

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Bitcoin is not inherently dangerous. It is the user of the technology that makes it dangerous or uses it for good. The technology is just a tool wielded by the user.

Pamela Jobelle

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It depends on your trust on how will you trust bitcoin. Joining this community is full of risk. 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.

BossMacko

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Well since it is anonymous yeah it can be dangerous if use in a wrong way like buying things that was smuggled, illegal drugs but this is only be done by few people who uses drugs. The rest like me are using Bitcoin like a life saver because in Bitcoin if you will just invest your time, effort and money you'll really get rich like in the future.

Rascar Capac

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When it comes to arms trafficking, drugs etc... I think most of them are bought in fiat... Where it is dangerous is that it can cost a lot of money to a panic seller... People invest more than they can afford

Taqi Ahmad

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Quote from: YRFCHIPOJNP on December 12, 2017, 08:48:54 AM

sure its getting more dangerous every day

Bitcoin, in my opinion, is not dangerous because it's only virtual currency that can be used in crypto trading.

jhezmark

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however it can become dangerous if you are always use bitcoin some people sell their item to exchange to bitcoin bitcoin is dangerous but some people want to risk to earn more income .

trickyriky

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Quote from: klim80 on February 06, 2018, 12:01:24 AM

If you understand how to manage Bitcoin it is not dangerous. And if you sell a house, for example, to invest in bitcoin without thinking about the future risk, it may be rather risky.

However it can become dangerous if you are addicted to Bitcoin and ready to sell everything including your house to buy more BTC.

siddu67

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No,bitcoin is not dangerous.It is totally safe.Anyone can invest here.There are no hard terms and conditions to invest in bitcoin.there are also no complexes.And the most important thing is that it is the most trusted crypto currency.

Rodon

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The main reasons are that the payment is anonymous so you are free to do what you want with your money, and the fact that it's decentralized: any banks have the control on it. To conclude what attracts people is the financial freedom.

amilla041184

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Quote from: ross09 on February 05, 2018, 06:33:41 PM

Quote from: YRFCHIPOJNP on December 12, 2017, 08:48:54 AM

sure its getting more dangerous every day

Now a days yes it is getting dangerous because one (1) of the main reason why bitcoin is getting low each day now it is because of the bad news about bitcoin by media and other government sector in selected country that they banning bitcoin because bitcoin being to illegal transaction such as drugs gambling and more is terorrism. But we all know that this kind of news is all not true they just want to destroy bitcoin because government will never have any compensate from bitcoin.

It already happen in bitcoin how many times at the past and even worst, larger percentage of dump had happen but look at BTC price today compare when it start, just sit back, forget your Bitcoins for a while and wait for for the next pump.

LeonardoDiCrypto

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I guess that after 63 pages of thread perhaps in these past few days some of the very optimistic people will start to suspect that in fact, after all, Bitcoin may actually perhaps be a quite dangerous investment...

swisstortue

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not at all ! just too many people scared ... they listen to the media but not their belive

GideonGono

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★Bitvest.io★ Play Plinko or Invest!

I think so, bitcoin can be dangerous because it can attract people to do some things that are against our law like money laundering ,extorsion, scam and financial terrorism.

ichanjay

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For someone who has no deep understanding on what blockchain technology is. Yes it would appear to be dangerous. People tend to listen on what mainstream media says which is not always true. Bitcoin is not for everyone. Its for the open minded ones

xandiel01

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You already said that being faster transaction, because in bitcoin we can send currency to our families and it will make us easier in our time, like sending money you don't need to go outside to send but in just few minutes only. and it depends also to people who use bitcoin.

Rolf Walker

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Activity: 238

Merit: 1

Not at all. Banks don't like Bitcoin because if/when it becomes mainstream, it would eat up all their profits. So, they push that fear onto the government, which then trickles down through the news.

Like someone mentioned, the government, banks and media seemed to have no problem with sub-prime lending and yet Bitcoin are dangerous? Laughable.

Damian Banks

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No.

Because the number of bitcoins is capped, I just don't see the total value of bitcoin becoming big enough to have macroeconomic effects.

And it's no way the most dangerous thing ever invented. Unregulated subprime mortgages and credit derivatives were far more destablizing and dangerous than I can imagine bitcoin ever being.

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