Is Bitcoin Safe or Dangerous

Bitcoin is both safe and dangerous at the same time. To avoid any danger, you need to really educate yourself in how it works. For example, let’s say you purchase coins, sell them, or send to someone else. In the event that you sent the coins to an invalid address or a nonexistent one, your coins are gone forever. Thas’s the digital equivalent of taking paper money and burning it.

However, it’s incredibly safe if you know what you’re doing. Only you have access to your wallet address and private key and it’s much harder to crack than someone accessing your credit card/Paypal account and taking money out of that. Speaking about Paypal, one user was recently hacked and, while the money was refunded back, it shows how even Paypal can be hacked.