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yahyal

Bitcoin Dangerous ?

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i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion
 

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I dont think bitcoin is dangerous. Bitcoin is beneficial for people and also risky for government for their tax system. So they want to control their civils therefore In my opinion they prohibit to the using cryptocurrency.

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1 hour ago, yahyal said:

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion
 

Bitcoin is dangerous as the market is changing so fast, you can not trace the transaction, and there is no grantee that BTC will last for long time.

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bitcoin is considered dangerous because its cash flowing out of the system without regulation or a record to track what you bought or what your balance was used for. 

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because bitcoin is so volatile they can lost money if bitcoin goes dump, that is the reason why some countries banning bitcoin.


 

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I think it is the safest coin and countries will accept it by time.They will have to accept it.Because people want to use it! It is more usefull

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From the point of view of the authorities, bitcoin, like all other cryptocurrencies, is very dangerous in terms of financing terrorist and criminal actions.

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On 10/11/2019 at 8:35 PM, yahyal said:

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion

I do not feel bitcoin in dangerous.

Bitcoin do not follow any regulation or any government law like tax and law which is implied by government so countries prohibit bitcoin but even government hold bitcoins but source is not been out that's the truth.

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I think nothing makes it dangerous.You just need to know where to buy and if you bought it at more than 15k USD than you need to wait for it

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bitcoin is dengerous because of Money laundering and strengthening crime; gouvernement can't control bitcoin , it use by criminal in world easly

 

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On 10/11/2019 at 11:05 PM, yahyal said:

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion
 

Maybe in terms of price that is not controlled and often changes. And again bitcoin is often used for gambling and some even use it for dangerous transactions.

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Bitcoin is not dangerous government just say that because they know bitcoin has lots of potential and will one day replace their national currencies before bitcoin flats were being used to commit a lot of crimes and are still being used even more than bitcoin.

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in my opinion bitcoin is not dangerous if it's not wrong to use it, because many people say bitcoin is very dangerous, we also still need to be careful also don't easily believe other people shouldn't be easily influenced by what other people say about dangerous bitcoin

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On 11/4/2019 at 1:13 AM, hrvnthgrt said:

Bitcoin is dangerous if you are not careful with your transactions. Bitcoin's volatility is one of the reason why it becomes dangerous. Good thing that government can not control bitcoin.

Cryptocurrency volatility is dangerous if you do not know how to speculate in your favor. if you are a trader, all you want is for the currency to be volatile so you can take advantage of it.

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On 10/20/2019 at 6:16 PM, benithomasha said:

The one reason i know is that; banks pay tax to the government so if more people put their money in Bitcoin wallets banks will pay lower tax and that's just a threat to the government.

Yes that is one of the reason 🙂 but there are a few more bad reasons too.For example hackers hacked Binance and took a lot of Bitcoin from there.You can't find them until they withdraw their money from an exchange website.

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On 10/11/2019 at 10:05 PM, yahyal said:

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion
 

indeed it would be dangerous for a country's economy if bitcoin was applied in the trading system, because of course the government cannot collect taxes from every transaction, not only for trade within the country, but globally.


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Well, we all know that bitcoin is not dangerous, this is use friendly and it helps us to earn some profit and we need to secure our coins to the scammers and hackers.

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yes dangerous for those who takes big risks in the trading and it is profitable for those who trades very safely and they didnot take the risk so it depends on the trading style of the every trader that how he trade on bitcoin

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Well i do not see Bitcoin that dangerous. It always depend on how you use bitcoin. If you are just keeping it or trading to be profitable then it is safe.

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On 11.10.2019 at 18:05, yahyal said:

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion
 

Nothing makes it dangerous, just countries want to control everything to the last penny of people and the country does not want at least 1 cent to pass without the tax service or their knowledge, cryptocurrency gives such a chance.

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On 10/11/2019 at 11:05 PM, yahyal said:

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion
 

Bitcoin for me and to the people who profits with it is not dangerous.What makes the government hate Bitcoin is that they were having a hard time to control it.It also complicates in the price votality but it depends on us on how to make a strategy to avoid losses.

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On 10/11/2019 at 8:05 PM, yahyal said:

i want to ask what makes the bitcoin dangerous? to the point that many countries prohibit the use of bitcoin in their countries. I want to hear your opinion
 

Bitcoin is not a dangerous because i am using it from 2 years and i saw no disadvantage in it because its good for me and i make good money through Bitcoin. Crypto is a good business and i like this business i am a jobless but this business make me a good person and i have learn so much from this business.


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Bitcoin is not dangerous if you are not using it to buy illegal things such as those on the dark web. You are still safe as long as you use it to buy airtime balance, game credits ir other items which are not illegal. 

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There are many risks of bitcoin. First of all, you can easily lose money by buying bitcoin. He can lose 1-2k dollars at any moment. Big players can force you to sell your bitcoin in no time. The second danger of bitcoin is that they can be paid for different things that are not legal

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