Topic: is crypto industry dangerous ? - page 29. (Read 5795 times)
Well it all depends on you interpretation of dangerous crypto is just like normal business where risk are involved crypto has grown and has become global so I think it has limited dangers
It is primarily dangerous for those who are too risky and can put all the money in trading..
What you are talking is the personal weakness. Crypto will just give the opportunity and week people can do stupid things. Crypto is not more dangerous as any car or a tool which are very helpful in everyday activities, but can do harm in the wrong persons hands.
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
crypto is not dangerous,but the peple uses this makes this risky..this community is one of the best profiteering this world has,thats why many says this is dangerous because they dont know how to use this,or to deal with thisBut only one thing must put in mind,if you wanna get good income,then risk your funds in here.
Yes I agree, that crypto itself is not dangerous but the people who have bad intention is the one who is dangerous. Crypto was created to have a much faster, safer and cheaper way of transactions and not to danger anyone. Even our current fiat currency, it's not dangerous but the people who is doing something illegal is dangerous. Crypto in my opinion is a great opportunity.
Indeed, there are risks here, but they are no less than in other cases. Just need to approach this with the mind
It is primarily dangerous for those who are too risky and can put all the money in trading..
I think due to cryptocurrency anonymity and not being able to trace and its volatility some government think it can be used for different vices like money laundering, ransome for kidnapping e.tc.
Cryptocurrency in the first place is dangerous for the state. Numerous cash transfers to cryptocurrency can weaken the state's influence and make citizens more independent.
It is dangerous because it is quite risky. Not all people have enough brain to be careful and not lose all their money. I heard stories that some people sold houses, cars, etc. and invest everything in crypto. And what would be if they lose their money after all? They will sit on the neck of taxpayers instead of supporting yourself.
In my opinion, a dangerous kriptonyte makes anonymity. We can't track who exactly made this or that transaction. This can be used by criminals for fraudulent purposes or to launder large amounts of money. Whatever it was, along with the advantages of blockchain technologies, we get a huge number of disadvantages.
I believe that this only benefits. Everything that is automated - simplifies work and is very popular with most people.
I don't think cryptocurrency is dangerous at all, it only has a big risk because of the market volatility. Otherwise, it is capable of providing huge profit.
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
Cryptocurrency investment become dangerous only if this used into some illegall activities,like drugs ,crimes or fund into terrorist attack or the worst case scenario used it for money laundering,this is some factors thats makes the crypto dangerous to humanity or the progress of the country,thats why some country not regulated this kinds of investment because they thinks,its threats to economic growth.
The fact that the system itself is decentralized, this fact and scares off the state, because they can not fully control all processes!
I think that in trading there is a risk, so before you invest, make sure that you have foreseen everything.
There is a very wonderful rule on the forum, I fully adhere to this thought. Invest in the crypto-currency industry as much as I'm ready to lose. So I do not try to earn more than I can lose, these are my brakes, maybe that's why I'm still poor.
Crypto have a lot of risks that are dangerous for newbees. tempered one will have no problems at all
The crypto-currency industry has recently increase volume and grown. the number of participants increased continuously. there was no danger in his early times. and I think it is on its way to becoming universal.
I think that in trading there is a risk, so before you invest, make sure that you have foreseen everything.
Perhaps while there is no reliable regulation by the state, the cryptocurrency can be considered risky, but even now adhering to certain rules it is possible to work with crypto currency quite safely. You do not need to invest in the well-known currencies and you do not need to buy only one coin for all the money, such and such rules can very well protect your investments.
The danger is inevitable, and the investment in the financial industry is very dangerous, but the profits are also very large. The danger of cryptocurrency is that some big families have a bad purpose, and ICO projects have a bad purpose.
When you really join the encryption industry, I believe you have some understanding of it, understand how the altcoin is pumped and dumped, try to find out the cycle of each altcoin during the dump, your profit is intact . It is not dangerous to me.
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