Topic: The danger of the cyptocurrencies - page 13. (Read 45202 times)
Im a little reluctant to state that its the people responsibility to keep security of "your own bank". Why im reluctant to agree with that? Because it gives the justifications to thiefs that if someone has allowed them to steal the bitcoins its allright because if he would not steal those bitcoins someone else would. Thats just not ok, but thats how it is in bitcoinworld.
http://www.themonetaryreset.com/2014/08/how-they-got-us-into-this-mess-solution.html?m=1
This website actually thought almost everything like i did. And the writer put everything together and wrote it down nicely.
Especially check the paragraph where the writer asks if the USA intentionally let Bitcoin alive in order to make you feel good with the future cashless monetary system.
People in the comments section are also curious about this.
When i was creating this topic back in the day, I was also thinking those same questions.
Read it.
This website actually thought almost everything like i did. And the writer put everything together and wrote it down nicely.
Especially check the paragraph where the writer asks if the USA intentionally let Bitcoin alive in order to make you feel good with the future cashless monetary system.
People in the comments section are also curious about this.
When i was creating this topic back in the day, I was also thinking those same questions.
Read it.
Dangers can be expected from anyone. Or from disadvantaged users who use bitcoin for illegal trades or from the state, which is searching for means of its citizens, and bitcoin does not allow to charge taxes.
The dangers and disadvantages are not much from the use of crypto currency but it have given a lot of benefits to the people of the world and to this world. With that many people are not now jobless and living a happy life. But before that everyone was relying only on their state jobs which were limited in number and a number of people often remain jobless in that case which is not a problem now. There is a lot of danger or disadvantages of cryptocurrencies and one of them is they are on the internet.
Tons of things are on the Internet and cryptocurrency is just one of them. I actually see it as an advantage because it's much easier to advertise and promote bitcoins on the Internet than IRL.
We know or majority of the people on the internet already know that "there is no safe place or thing" on the internet and we already witnessed a lot of evidences for it.
Let's remind ourselves of the very basic quote about bitcoins "You are your own bank." A bank has to be secure so people won't steal from it. Your wallet is just as secure as how you made it. It would be your fault alone if you got hacked.
Being very volatile is also a kind of danger because if you are a newbie and you don't now any kind of basics for this kind of market then you can experience a lot of losses and bad progress.
As a newbie, you don't have that much bitcoins so even if the price of bitcoin goes from high to really low, you wouldn't lose that much. Besides, you still have to learn all sorts of things before you put a good amount of money as an investment in bitcoins.
Dangers can be expected from anyone. Or from disadvantaged users who use bitcoin for illegal trades or from the state, which is searching for means of its citizens, and bitcoin does not allow to charge taxes.
I think even fiat currency can bring some dangers to people. In the case of fiat currency, the case is worse compared to Bitcoin, because at least with Bitcoin the issue rate of the currency is controlled in a decentralized way, with fiat currency there is a currency that is subject to different state interference, and inflation is one of the great consequences of this, it is enough to analyze the case of countries like Venezuela. There is a lot of danger or disadvantages of cryptocurrencies and one of them is they are on the internet.
Tons of things are on the Internet and cryptocurrency is just one of them. I actually see it as an advantage because it's much easier to advertise and promote bitcoins on the Internet than IRL.
We know or majority of the people on the internet already know that "there is no safe place or thing" on the internet and we already witnessed a lot of evidences for it.
Let's remind ourselves of the very basic quote about bitcoins "You are your own bank." A bank has to be secure so people won't steal from it. Your wallet is just as secure as how you made it. It would be your fault alone if you got hacked.
Being very volatile is also a kind of danger because if you are a newbie and you don't now any kind of basics for this kind of market then you can experience a lot of losses and bad progress.
As a newbie, you don't have that much bitcoins so even if the price of bitcoin goes from high to really low, you wouldn't lose that much. Besides, you still have to learn all sorts of things before you put a good amount of money as an investment in bitcoins.
If everything is calm and stable, there is nothing at all to worry about, and think bad about bitcoin. As the saying goes, we are more longer afford impose bad thoughts, and even then jam danger everywhere. Today, bitcoin stable and the price for it gradually rises.
I don't really get what you are saying though trusting cryptocurrency is really a must. The price may be? Or the user? The danger I see in bitcoin is the assurance of its price and the transactions that it makes everyday. Many people will be using bitcoin in the future so many business men will be using it as a investment and if that price will not be stable, it may ruin there investment, in terms of transactions, it may be fast yes, but they can be really anonymous. but you know that situation will not happened last forever, as time goes by technology will catch them up.
That is the reality but it's not the danger of crypto currency as we can still be progressive even without the adoption of the majority.
There is a lot of danger or disadvantages of cryptocurrencies and one of them is they are on the internet. We know or majority of the people on the internet already know that "there is no safe place or thing" on the internet and we already witnessed a lot of evidences for it. Bitcoin and other alternate cryptocurrencies are prone to hackers and if you don't know how to manage your risk of getting hack then you are very vulnerable for your security. Aside from being virtual or in the internet, Being very volatile is also a kind of danger because if you are a newbie and you don't now any kind of basics for this kind of market then you can experience a lot of losses and bad progress.
I check many factors mentioned above which can affect cryptocurrencies even can take them dangerous, but still one more important thing is missing. And that is power and connectivity.
We must have to understand logic and concept behind altcoins. Every coin is generated with computing power which costs electricity. And to keep network, nodes and server connected it needs internet.
So if in future without internet and electricity no one can access own altcoins.
We must have to understand logic and concept behind altcoins. Every coin is generated with computing power which costs electricity. And to keep network, nodes and server connected it needs internet.
So if in future without internet and electricity no one can access own altcoins.
A lot of things rely on the Internet and a big part of the economy relies on it as well. The government (or basically any modern individual) wouldn't let anyone destroy the Internet. Just for example, to send money to someone, it relies on the internet. Communication overseas between two nations rely on the internet as well. Basically if the internet goes down, we will go back to that part of history where we use an eagle to deliver our messages.
I wouldn't sweat the whole Internet connection goes down thing since you are not the only person that's going to be affected just because your money is on the internet (in the form of cryptocurrency). Other people depend their money on the Internet as well, some even make money only on the Internet.
If everything is calm and stable, there is nothing at all to worry about, and think bad about bitcoin. As the saying goes, we are more longer afford impose bad thoughts, and even then jam danger everywhere. Today, bitcoin stable and the price for it gradually rises.
I don't really get what you are saying though trusting cryptocurrency is really a must. The price may be? Or the user? The danger I see in bitcoin is the assurance of its price and the transactions that it makes everyday. Many people will be using bitcoin in the future so many business men will be using it as a investment and if that price will not be stable, it may ruin there investment, in terms of transactions, it may be fast yes, but they can be really anonymous. but you know that situation will not happened last forever, as time goes by technology will catch them up.
That is the reality but it's not the danger of crypto currency as we can still be progressive even without the adoption of the majority.
I check many factors mentioned above which can affect cryptocurrencies even can take them dangerous, but still one more important thing is missing. And that is power and connectivity.
We must have to understand logic and concept behind altcoins. Every coin is generated with computing power which costs electricity. And to keep network, nodes and server connected it needs internet.
So if in future without internet and electricity no one can access own altcoins.
We must have to understand logic and concept behind altcoins. Every coin is generated with computing power which costs electricity. And to keep network, nodes and server connected it needs internet.
So if in future without internet and electricity no one can access own altcoins.
If everything is calm and stable, there is nothing at all to worry about, and think bad about bitcoin. As the saying goes, we are more longer afford impose bad thoughts, and even then jam danger everywhere. Today, bitcoin stable and the price for it gradually rises.
I don't really get what you are saying though trusting cryptocurrency is really a must. The price may be? Or the user? The danger I see in bitcoin is the assurance of its price and the transactions that it makes everyday. Many people will be using bitcoin in the future so many business men will be using it as a investment and if that price will not be stable, it may ruin there investment, in terms of transactions, it may be fast yes, but they can be really anonymous. but you know that situation will not happened last forever, as time goes by technology will catch them up.
The word computer will fade overtime. In the future, everything is computerized and the internet would be everywhere and free like oxygen. The internet of things is what they call them.
$ would become like Bitcoins. It will only exist digitaly when paper money is gone.
The future? Most thing have computers already and wherever you there is free internet, like on coffee shops, hotels, restaurants gas stations, parks and the majority of money is electronic and not on the form of cash, you are talking about the present.$ would become like Bitcoins. It will only exist digitaly when paper money is gone.
If everything is calm and stable, there is nothing at all to worry about, and think bad about bitcoin. As the saying goes, we are more longer afford impose bad thoughts, and even then jam danger everywhere. Today, bitcoin stable and the price for it gradually rises.
I think, bitcoin will be consistent in this entire month. However earlier, there is a quick votality again which shouldn't be alrming because it is normal in crypto currency. The strategy in trading in btc is trade it in a long term trade. If you do a short trading in btc, you have a less chance of profit. Just trust bitcoin that it won't dump deeply and wait for the right moment to trade it.
If everything is calm and stable, there is nothing at all to worry about, and think bad about bitcoin. As the saying goes, we are more longer afford impose bad thoughts, and even then jam danger everywhere. Today, bitcoin stable and the price for it gradually rises.
I don't really get what you are saying though trusting cryptocurrency is really a must. The price may be? Or the user? The danger I see in bitcoin is the assurance of its price and the transactions that it makes everyday. Many people will be using bitcoin in the future so many business men will be using it as a investment and if that price will not be stable, it may ruin there investment, in terms of transactions, it may be fast yes, but they can be really anonymous. 
Dangers can be expected from anyone. Or from disadvantaged users who use bitcoin for illegal trades or from the state, which is searching for means of its citizens, and bitcoin does not allow to charge taxes.
If everything is calm and stable, there is nothing at all to worry about, and think bad about bitcoin. As the saying goes, we are more longer afford impose bad thoughts, and even then jam danger everywhere. Today, bitcoin stable and the price for it gradually rises.
I don't really get what you are saying though trusting cryptocurrency is really a must. The price may be? Or the user? The danger I see in bitcoin is the assurance of its price and the transactions that it makes everyday. Many people will be using bitcoin in the future so many business men will be using it as a investment and if that price will not be stable, it may ruin there investment, in terms of transactions, it may be fast yes, but they can be really anonymous. 
Competition in all spaces is good. Competing currencies are also good. I doubt that BTC will win the day and be the "end game", but it is nice to see it demanding a small niche of the fiat money space.
I think seeing bitcoin increasingly popular and more people are getting familiar with bitcoin, I believe bitcoin could speak more and compete, to issue the results. I believe bitcoin could be one of the popular currency
Competition in all spaces is good. Competing currencies are also good. I doubt that BTC will win the day and be the "end game", but it is nice to see it demanding a small niche of the fiat money space.
I think seeing bitcoin increasingly popular and more people are getting familiar with bitcoin, I believe bitcoin could speak more and compete, to issue the results. I believe bitcoin could be one of the popular currency 
If everything is calm and stable, there is nothing at all to worry about, and think bad about bitcoin. As the saying goes, we are more longer afford impose bad thoughts, and even then jam danger everywhere. Today, bitcoin stable and the price for it gradually rises.
I think, bitcoin will be consistent in this entire month. However earlier, there is a quick votality again which shouldn't be alrming because it is normal in crypto currency. The strategy in trading in btc is trade it in a long term trade. If you do a short trading in btc, you have a less chance of profit. Just trust bitcoin that it won't dump deeply and wait for the right moment to trade it. Jump to: