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Topic: is crypto industry dangerous ? - page 18. (Read 5795 times)

full member
Activity: 281
Merit: 100
August 07, 2018, 04:16:23 AM
i want to know what makes the cryprto dangerous? to the point that many countries band the use of crypto in their countries. I want to hear your opinion

I don't think so that crypto industry is dangerous to people. I think the main reason why people think that it is dangerous is because of the bad comments and speculations that they have seen and heard from those people who hated crypto. Also, it became dangerous to many people due to the reason that several people take advantage of using crypto to gain and earn easy money even they make false hope and scam.
member
Activity: 378
Merit: 10
August 07, 2018, 04:13:02 AM
i want to know what makes the cryprto dangerous? to the point that many countries band the use of crypto in their countries. I want to hear your opinion


The reason why cryptocurrency is dangerous because of the projects fail and turn into scam projects. Many investors nowadays is scared in investing their money in the projects they don't know what they can get profit or loss.
newbie
Activity: 121
Merit: 0
August 07, 2018, 04:12:40 AM
For beginners, this is risky because they know very little about reliable websites and activities they join. In the case of scammers, they face high risks. You may end up buying the wrong coin and getting no return to reduce risk, invest in education and first understand the basics.
newbie
Activity: 57
Merit: 0
August 07, 2018, 04:04:56 AM
Yes, this is a dangerous industry, and many people have lost a lot of money in it. But the benefits and risks are directly proportional. There are also many people who can make money in cryptocurrencies.
newbie
Activity: 162
Merit: 0
August 07, 2018, 04:04:11 AM
I think the encryption market has a lot of risks. We are not everyone who can make money by investing in the encryption market. This year's encryption market is very bad, and many people have lost a lot in this year's encryption market.
sr. member
Activity: 486
Merit: 250
August 07, 2018, 03:52:00 AM
It just depends on our strategy. So it is not dangerous - it is a new technology which will turn world round.It is just dangerous if you don't have enough idea and skills on handling it. I believe that it is risky but it isn't actually dangerous if we know how to handle it and we know how to keep our earnings safe as well as our private keys. Wink
newbie
Activity: 266
Merit: 0
August 07, 2018, 03:45:17 AM
What makes it dangerous is that because it is not issued by the state, nor is it permitted by the state, the state does not collect taxes, and the flow of funds is not regulated, so that fear of damaging the existing financial system and Crypto can devalue the country's most powerful currency.
sr. member
Activity: 1554
Merit: 334
August 07, 2018, 03:21:11 AM
i want to know what makes the cryprto dangerous? to the point that many countries band the use of crypto in their countries. I want to hear your opinion


Hi there! I'd like to share my opinion towards this topic. Well, I will correct something first. First of all crypto is not totally dangerous the coin is still a coin, crypto became only dangerous because on how people used it. Bitcoin and the other crypto could be use as a medium of transaction on any sort of technology thus, if there would be a secret transaction might be in surface web or down beneath to what we see then transaction cannot be undone if bitcoin or the other crypto would be in use for payment and so on.
newbie
Activity: 103
Merit: 0
August 07, 2018, 03:19:51 AM
The encryption industry is not dangerous. I think people's fear of encryption makes encryption dangerous. I think people who don't understand encryption should not easily listen to other people's failure cases and have fear of encryption. When you experience encryption firsthand. You will love encryption, encryption is a great advanced technology, people who have added encryption, I hope you must maintain enough patience
newbie
Activity: 140
Merit: 0
August 07, 2018, 03:14:08 AM
Maybe the industrial crypto is considered dangerous for a country and government because, crypto is very anonymous, so it is potentially used for negative things.
member
Activity: 336
Merit: 10
August 07, 2018, 02:41:04 AM
Crypto currency does not have a single rate. For example, the course of bitcoin can vary several times a day. Some people try to make money on it: to have time to buy a digital currency cheaper and sell more expensive. However, while the sale is taking place, bitcoin has time to change its course several times. Therefore, his fans should be ready for a loss of investment.
newbie
Activity: 182
Merit: 0
August 07, 2018, 02:26:41 AM
It's dangerous in the sense that there are a ton of scams that you have to try to avoid. Many newbies fall into those traps.
newbie
Activity: 125
Merit: 0
August 07, 2018, 02:25:04 AM
I think a lot of reasons have made encryption very dangerous. For example, many people add encryption and fail in encryption, lose a lot of money, and then many people who don't understand encryption have a first impression of encryption through these negative news, so many People will think that encryption is very dangerous, and many governments only promote encrypted negative news, only to advertise the benefits of encryption, so this makes encryption dangerous.
member
Activity: 280
Merit: 10
August 07, 2018, 02:19:34 AM
There are risks in any business not just in crypto currency. And I believe that it is risky but it isn't actually dangerous if we know how to handle it. I believe if you are careful with your investments there are very less chances that you will find this industry as dangerous.
newbie
Activity: 140
Merit: 0
August 07, 2018, 02:14:42 AM
I know many countries ban crypto, but crypto wont die because it is legal, crypto is not trying to scam us however many project try to do that. So it is gonna be good if in any country, they make a regulation to crypto so we have a clear rules about what we can do or we cant do.
newbie
Activity: 124
Merit: 0
August 07, 2018, 02:12:29 AM
I think the encryption industry itself is not dangerous, but some illegal elements use this technology in an unfair industry, then it becomes dangerous, so I think the industry needs to be more perfect, so that illegal elements can not use this. A technology and regulate its use.
newbie
Activity: 159
Merit: 0
August 07, 2018, 02:05:30 AM
in my opinion it is more appropriate to risk than dangerous words.
full member
Activity: 504
Merit: 100
The Standard Protocol - Solving Inflation
August 07, 2018, 02:04:04 AM
There is no danger in cryptocurrency except you deliberately put your fund in danger! The way cryptocurrency work is such that you have to depend on yourself. The level of your knowledge, skill and experience will determine yiur success in cryptocurrency space!
hero member
Activity: 952
Merit: 500
August 07, 2018, 02:01:19 AM
Certainly dangerous. because investment here is very high risk and also very risky. if every person makes a mistake they must be prepared for the risk he will get
newbie
Activity: 150
Merit: 0
August 07, 2018, 01:58:52 AM
I think dangerous word is too much to describe the world of Crypto. In my opinion, countries that ban the crypto world in their countries are not dangerous, but because there are some parties who will be disadvantaged by the progress of crypto itself if crypto is legalized, even though there are many advantages for the state that allows crypto in his country. And now more and more countries are legalizing crypto, it is proven that crypto is not dangerous.
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