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Topic: Crypto is dangerous.... - page 11. (Read 2899 times)

hero member
Activity: 980
Merit: 500
August 30, 2018, 02:58:07 PM
A lot of people says crypto is dangeros because they do not know what is the crypto.My opinion is crypto is not dangeros.But we have to deal with crypto with our brain.After that we can get may benefits in crypto.
Cryptoncurrency has both good side and bad side. Cryptocurrency untraceable transaction is some time the main reason behind it bad side. Because of this facility many antisocial people use it for their dirty work. Various kind of malware attacks, kidnapping, money laundering, child pronography are done because of bitcoin. Bitcoin is volatile currency and because of this some time invested in it doesn't provide profit to its user. Because of its popularity many criminal minded people use it as to fraud people.
copper member
Activity: 546
Merit: 1
August 30, 2018, 02:16:21 PM
 Crypto is not dangerous but risky.. In the Crypto world investors has two ways to it, it's either they're smart or plans to hold for a long time..  And the good advice is to be a long term holder just like the way people who invested in the early days of bitcoin are now ripping alot.
full member
Activity: 506
Merit: 101
1 & 0 😏
August 30, 2018, 02:11:09 PM
Yap , before we do trading , we must take care about our emotions , if we cant do that , better dont do trading first and learn how to handle the emotions its it

Also we need some skills which we can earn it with investigation. You should be as skillful as about how to do business, which is how you should act with candles.
And don't forget there is always a risk which you can not see it in Forex or other sectors. As the odds of a gain increase, the risk increases with it.
legendary
Activity: 1526
Merit: 1026
SellDefi.com | Earn by selling files
August 30, 2018, 01:57:39 PM
Crypto is risky cause there is no rules if you want to live crypto life. Nothing is impossible here. But if you handle it professinally, you will be able to bypass unwanted situation.
And remember, you are just a holder or a trader. That is not your project. We are here to earn money. So control yourself before you hold or sell.
And try not to be greedy. If you are in profit, try to close the trade
member
Activity: 686
Merit: 30
August 30, 2018, 01:05:07 PM
Yap , before we do trading , we must take care about our emotions , if we cant do that , better dont do trading first and learn how to handle the emotions its it
newbie
Activity: 154
Merit: 0
August 30, 2018, 01:02:45 PM
focus on what you want to achieve, with large reserves, things like what you say will end well. because with focus, you will be stronger to hold. and I agree with you not to put it at one point, but I think it will reach a priority scale
full member
Activity: 714
Merit: 100
Acewins.io
August 30, 2018, 12:57:19 PM
Crypto is indeed dangerous if you do not plan well. You should not aim too high if not you will always make loses. For instance, a coin worth 0.1$ each, you shouldn't aim for 1 dollar before you start taking your profits. This is the main reason why we continue to say crypto is dangerous because we aim to high and even if we have made some considerable amount of money, we do not appreciate it.
member
Activity: 336
Merit: 10
August 30, 2018, 12:46:33 PM
for now it seems to me that if the crypto is dangerous, because it can make our money run out, it happens because the market price always drops.
newbie
Activity: 23
Merit: 0
August 30, 2018, 12:38:46 PM
I think Crypto is dangerous if we don't know how to handle it. But if we know what is crypto and you understand how it works, you can say that crypto is not dangerous because you know how to manage especially when you have investment in cryptocurrency.
member
Activity: 525
Merit: 10
August 30, 2018, 12:35:36 PM
It depends on our understanding of crypto. If we don't understand crypto it will be a risk and can make a loss, but crypto can be the right way to get wealth for those who understand crypto.
copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
August 30, 2018, 12:27:10 PM
Bitcoin anonymity is for hackers, criminals, frauds, scammers also. If a scammer uses bitcoin, the scammer may disappear with the money.

Aren't you tired to repeat the same thing over and over? In the majority, hackers don't use Bitcoin but prefer any other privacy-centric cryptocurrency. There are a lot of people seeking to get a real privacy with Bitcoin and they're not hackers.
Quote
If a scammer uses bitcoin, the scammer may disappear with the money.
If a scammer uses fiat, the scammer may disappear with the money, so what? You're so dumb. Get a life
full member
Activity: 588
Merit: 100
August 30, 2018, 11:56:21 AM
Hello everyone, Today i'd like to share my story.
So in 2017 in sept, I first mined some electroneum coins and they were worth like $200 later, I as a student couldn't afford to buy Bitcoins for trading or holding, So mining did helped me ETN was a good coin, i would mine like 50 a day and it turned 20cents each, I got addicted to crypto and trading but i was scared to trade and lose those 200$ because then i'd have nothing, So from Sept to Nov, i'd just watch graphs and look at coins, Watch videos, try to learn trading and everything and in December i started trading and you guys know what happened at December 2017, But i was prepared so my $200 turned into like $150, still a loss but anyway.
But it went like this and i kept trading and everything, and i was in love with it...... Sadly in my Exams, I failed 3 papers in total 5... Because of Crypto, it takes you away from Real world, So i was disapointed because of it.
Now i trade carelessly without emotions, and i went above $200.. I saw many times and now experience told me its true that trading is 10% skills, 10% luck, 10% patience and 70% emotions....

good luck and enjoy your lives and don't ruin anything.

Edit: I still have high hopes from Crypto and i think this will change my life and i'll be not worrying about Studies later, But like people say "Don't put everything in one Basket" , so always have a backup. Study is my first priority and Bitcoin can be my side struggle and with luck and hard work, i might not have to worry about studies then.
I honestly also have a million imaginations of what I will get from Crypto in 2017 but that all changes after 2018 because the market is not as friendly as before. I lost my $ 2000 and now it's only $ 500 because it's too long to hold my coin
jr. member
Activity: 338
Merit: 1
The Decentralized TCP/IP Internet Protocol
August 30, 2018, 11:53:37 AM
Life it's self is way dangerous, crypto is meant for those who understand it's effects and it's ideology, my thoughts tho
newbie
Activity: 26
Merit: 0
August 30, 2018, 11:46:52 AM
Hello everyone, Today i'd like to share my story.
So in 2017 in sept, I first mined some electroneum coins and they were worth like $200 later, I as a student couldn't afford to buy Bitcoins for trading or holding, So mining did helped me ETN was a good coin, i would mine like 50 a day and it turned 20cents each, I got addicted to crypto and trading but i was scared to trade and lose those 200$ because then i'd have nothing, So from Sept to Nov, i'd just watch graphs and look at coins, Watch videos, try to learn trading and everything and in December i started trading and you guys know what happened at December 2017, But i was prepared so my $200 turned into like $150, still a loss but anyway.
But it went like this and i kept trading and everything, and i was in love with it...... Sadly in my Exams, I failed 3 papers in total 5... Because of Crypto, it takes you away from Real world, So i was disapointed because of it.
Now i trade carelessly without emotions, and i went above $200.. I saw many times and now experience told me its true that trading is 10% skills, 10% luck, 10% patience and 70% emotions....

good luck and enjoy your lives and don't ruin anything.

Edit: I still have high hopes from Crypto and i think this will change my life and i'll be not worrying about Studies later, But like people say "Don't put everything in one Basket" , so always have a backup. Study is my first priority and Bitcoin can be my side struggle and with luck and hard work, i might not have to worry about studies then.


I understand cryptocurrency is not a dangerous thing. It is just too risky when you try speculating on crypto especially bitcoin because of its volatility. But if your speculation is blessed with a good luck then you'll get rich in just a short time frame also. Just have the willpower to learn, train, and then hopefully earn better rewards in the future.
newbie
Activity: 168
Merit: 0
August 30, 2018, 11:42:04 AM
Quite cool story, it is good you never gave up am sure you really enjoying what you have become and sorry for your exams failure. But we understand everything we do is dangerious is just we have to maintain positive attitude to overcome.
newbie
Activity: 224
Merit: 0
August 30, 2018, 10:35:52 AM
It is an interesting story. I think people should not spend and invest all their money in cryptocurrencies because it is a huge risk and everything can be changed fast. In my opinion we can invest the amount of  money that we may afford to lose
hero member
Activity: 1190
Merit: 534
August 30, 2018, 10:22:37 AM
Well, it is never recommended to involve in Crypto up to the extent that will affect our routine lifestyle. I believe that crypto is a great thing and it certainly has a potential to change the way we live today but that doesn't mean that we should sacrifice our efforts which are going to shape our future for sure. Crypto is a part of the wild market and no one is sure what is going to happen down the road and hence one should also prepare himself for the worst case scenario.
jr. member
Activity: 82
Merit: 2
August 30, 2018, 10:15:20 AM
crypto is not dangerous but you have to know how to handle it, as its the same with fiat money. Most people dont know how to do this and therefore they keep working for money and live on their salary month over month instead of beeing smart and let their money work for them... thats the same with crypto with the difference that you have some components where you have virtually no controll and so you have to study the coins, the dev teams and make right decisions... like there is a saying that you make your profit when you buy not when you sell, so even a bear market can make you a fortune if you know what you are doing...
jr. member
Activity: 154
Merit: 1
August 30, 2018, 10:12:36 AM
Wow!! Dangerous yo think???
I think it is risky instead but not dangerous. It is risky in the sense that you can lose your investment but to say it is dangerous because of poor management on your part, I don't agree.
People do crypto and are involve in other real jobs or work and it works out fine for them. I think it is just a matter of knowing when to pause.



I think you have to learn something from your mistakes and you produce more good.
It's foolish that you blame your activity in crypto with your studies while you shouldn't be in the first place since you were still studying I started like you but never blamed anyone or crypto with my actions in the real world or here.
jr. member
Activity: 728
Merit: 2
August 30, 2018, 10:08:07 AM
It could be positively dangerous as millionaires have been made in a short time in crypto and negatively dangerous as well as one can loose all he owns in crypto as well. Just as always stated don't trade crypto with emotions.
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