is crypto industry dangerous ? - page 37.

JunMel

newbie

Activity: 140

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Quote from: fabskie21 on April 12, 2018, 08:25:50 AM

I prefer to use the word risky rather than dangerous considering anything can happen in crypto. Prices are highly volatile which is affected by several factors and you can loose your investment especially if you dont know how to deal during bear seasons.

Yes I agree, crypto is not dangerous but rather risky investment. Due to trust and security issue plus you add up this scam and hacking that makes it more risky. But that's what making money all about it always risky.

tomsoier

full member

Activity: 784

Merit: 115

Quote from: crimsongoth on July 20, 2018, 04:32:02 PM

Neither the crypto world nor the cryptocurrencies are dangerous. Fraud is the greatest danger that creates problems in every business field. As we all know, crypto tech is a sector that is in the development phase for all the world.

In any case, now in the crypto industry there is a danger not only of fraud, but also of high volatility, including because of pumps. Therefore, investments in cryptocurrency are not so big, people do not want to risk serious money even having a chance to make X5-X10.

cryptokia

member

Activity: 198

Merit: 10

Quote from: Jamalahmed on April 12, 2018, 08:10:34 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

Cryptocurrency industry is indeed dangerous by the main danger is to lose your money or to get scammed with your documents, and that's it I don't think that for regular person it is a greater danger than this.

allohha

full member

Activity: 672

Merit: 176

Quote from: Set02222 on July 20, 2018, 05:14:49 PM

There are basically two points that can tell you why the crypto can be seen as dangerous for developed countries. The first point is anonymity, you can`t trace the transaction and know who is behind it. The second point is lesser fee for transaction - lesser money for banks.

it seems to me, if we talk about the danger of crypto currency for the society, then only in the context that many people misuse the opportunities that the crypto currency provides them today. First of all, new users sell their property in order to make investments in the crypto currency, but this is a very big risk to lose everything.

Set02222

newbie

Activity: 238

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There are basically two points that can tell you why the crypto can be seen as dangerous for developed countries. The first point is anonymity, you can`t trace the transaction and know who is behind it. The second point is lesser fee for transaction - lesser money for banks.

magnum cyber

member

Activity: 775

Merit: 11

Quote from: Jamalahmed on April 12, 2018, 08:10:34 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 do not really know what people or countries are afraid of crypto but I think the main cause of all that is fraud on the project or coin so many governments do not advise its citizens to join the crypto, if only there was never a scam I'm sure right now there have been so many countries that have legalized crypto

Dodongbtc111

newbie

Activity: 167

Merit: 0

Quote from: Jamalahmed on April 12, 2018, 08:10:34 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 think we can consider cryptocurrency as dangerous because of its controversial way of platform. We all know that there are many issues that can occur especially in computer. There are many ways people could do illegal things on it.

crimsongoth

member

Activity: 588

Merit: 18

Neither the crypto world nor the cryptocurrencies are dangerous. Fraud is the greatest danger that creates problems in every business field. As we all know, crypto tech is a sector that is in the development phase for all the world.

Bas01

jr. member

Activity: 210

Merit: 1

Of course, in the world of crypto-currency is full of risk and uncertainty, but to say that it is dangerous here would not be correct. Wink

tonidin

full member

Activity: 361

Merit: 100

I do not see any danger in crypto. Only scammers should be careful. The same risks apply to fiat. An easier and more reliable environment will be developed using crypto. In the coming days, everyone will use these cryptocurrency.

RESPONSIBLE_

jr. member

Activity: 168

Merit: 1

all things concerning investments do have a big risk. so does the crypto currency. but it is not a crypto currency or a dangerous way of investing but because crypto currency can not be controlled and can not be controlled by a country

Chacha1000

jr. member

Activity: 645

Merit: 1

Many people had a wrong perception about cryptocurrency because they have not done any research about at all for once about it,it is people in that category that will see it as dangerous

zyberzeydan

newbie

Activity: 26

Merit: 10

Yeah, maybe its dangerous on term with volatility, scam, hype, fud etc.
So only invest enough which you can afford to loose.
Have a good day at crypto
Trade catiously

louisBSAS

member

Activity: 623

Merit: 11

Proof-of-Stake Blockchain Network

Crypto currency makes it dangerous that they can replace themselves with money. Who prints or creates money that and owns the economy of the state.

Anatolich

member

Activity: 574

Merit: 10

As already written in one of the topics, the government is afraid of money laundering, and ... everything that is related to terrorism, more precisely, its financing. I think this is all excuses, because every reasonable person understands that without the crypto industry it will be all ..

Cryptomania098

newbie

Activity: 140

Merit: 0

I don't see anything dangerous in crypto. Why some countries do not accept crypto is that they said it gives room to money laundering of which you can't trace the transaction to a particular person because of the anonymity in crypto. My question is, has money laundering stopped in those countries?

arpaul

member

Activity: 294

Merit: 10

Cryptoindustry is not dangerous if you are well educated about it. Many people had a wrong perception about cryptocurrency because they have not done any research about it. Their knowledge about crypto is not so deep and engage themselves with crypto like investing which a very risky thing if you don't have a proper education or knowledge. Cool

Escf4

jr. member

Activity: 364

Merit: 3

GIGZI - INDEPENDENT WEALTH MANAGEMENT

Cryto industry is not dangerous ,it is a good kind of investment sorrounding, but there is also a risk in this kind of investments because it is digital , but just be careful and do not make any stupid tries that ruin your investment ,just follow and ask guidance from a good friend and things will be alright and fruitful to your investments.

Vroof

newbie

Activity: 25

Merit: 0

if you do not understand or know anything about this crypto is very dangerous because crypto world is cruel there are many frauds where where and must be careful

Lorin

full member

Activity: 518

Merit: 100

Crypto industry is not dangerous depends on the users. It becomes dangerous if it is use in illegal purposes. Some might think it is dangerous because there are some who do it in a bad ways. And also they are scared to know wha crypto really is, they insist first what they heard not knowing the truth about crypto.

Topic: is crypto industry dangerous ? - page 37. (Read 5795 times)