is crypto industry dangerous ? - page 38.

DarkTaiga

newbie

Activity: 154

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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

Because the blockchain technology and cryptocurrency are quite young and new, people are still scared of it. Banning it is one of the most effective ways when you don't know anything about it. In fact, cryptocurrency is not dangerous. It is the ignorance that makes it dangerous.

mihtju

full member

Activity: 532

Merit: 100

Cryptocurrencies are not stable, they have a large volatility, a huge number of scams are concentrated around them. I think that only these points show why countries do not want to deal with cryptocurrencies, but the top of all this is a threat to the country's economy.

prechi

newbie

Activity: 130

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I don't think it's dangerous. The crypto industry is all about learning and understanding. If you don't understand what you are getting into, you may lose out completely. So understanding is one key in the crypto industry.

usamamalik555

sr. member

Activity: 615

Merit: 250

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

Some people just think crypto is like roulette or casino, where you can get easy money. And for such people crypto is dangerous, because they will loose everything. In other case – no.

wsps941031

newbie

Activity: 84

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there has nothing dangerous things in this world so that crypto industry also dangerous. initially beware from the scams, nonetheless scams are in there.

cryptolord2077

full member

Activity: 1064

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Crypto currency is dangerous for those who are ignorant, and not able to learn, or just lazy. In the crypto currency, your safety and your profit depends only on you. You need to learn a lot and be very attentive.

MilaNOV

jr. member

Activity: 169

Merit: 2

Digital world is unstable in different countries, lots of hackers attacs, lots of scams, frauds and so on. But not only cryptocurrency world is dangerous, our whole world becomes more dangerous every day. So everyone should be more attentive and careful in every aspect.

luongdk

full member

Activity: 686

Merit: 102

Yes, With the popularity of crypto currency will grow and the number of threats. While there is no such regulation, do not predict the development of crypto currency. I think everything will become clear closer by the end of next year. Then we will see how the law will work and where the industry will move.

maulidin8888

newbie

Activity: 116

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Because, I think at the same time crypto keeps a negative risk to the financial system itself. How not, with its form of digital assets, crypto is easily misused for the crime of the financial system such as money laundering crime. In addition, the lack of a clear system, making the crypto vulnerable to malfunction that ultimately harm the people who use this instrument.

markmillan1215

jr. member

Activity: 161

Merit: 1

I don't believe it's unsafe on the off chance that you do your own particular due tirelessness. It is very dangerous and unstable, yet there are strong activities out there conveying essential utilize cases to the table. After some time the market will separate the previous from the last mentioned.

psha1360

newbie

Activity: 24

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Quote from: covfefe_ on April 12, 2018, 08:16:32 AM

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

The danger is mostly to the authorities and their masters. There are a lot of people who are used to of making a life on others work.
Decentralization would ruin the largest ponzi ever created, the money system.

Exactly!!

kenborbs

jr. member

Activity: 154

Merit: 1

The revolutionary AI gaming ecosystem

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

In my opinion there are factors on why cryptocurrency is danagerous and we cannot deny the fact that many people are now starting to stay away from the cryptocurrency market.
1. Limited knowledge on how the cryptocurrency market really works.
2. Investing into a coin without doing investigating its company or project background.
3. Low emotional quotient - sometimes cannot handle their frustrations in huge lost that may lead to suicide or hurting themselves.
4. Not open to new ideas or learning from other experience traders or people.

Sir Legend

sr. member

Activity: 1792

Merit: 255

It can be said that investment crypto is very dangerous because it can make our money lost in a day, this of course make us must always be extra vigilant to determine money in crypto.

likketil

newbie

Activity: 90

Merit: 0

Coin offerings acquisition are required to be feasible for members looking for risk else there tend to be veteran ICO using lower exposure plus numerous serene opportunities in the markets in general.

chetanvineeta

newbie

Activity: 54

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This question is exactly like asking if it's dangerous to take the chains off slaves.

It can be very dangerous... If you're a banker. The rest of us will do just fine

aldrin6697

member

Activity: 322

Merit: 11

It can be if you are being fed by wrong ideas and knowledge then crypto is really dangerous but with right thoughts crypto will never be dangerous.

WorldTraveller

jr. member

Activity: 66

Merit: 2

Some countries do prohibit the use of crypto for transactions. Because with the existence of crypto in their country it will be dangerous for the conventional banks that exist in their country. People will switch to using crypto and no longer use banks for transactions, banks will experience a decrease in income. Supply for government is reduced.

makerst

sr. member

Activity: 728

Merit: 252

Crypto currency is a market with high volatility, risk in the crypto-currency world is a normal factor that nobody will be able to correct until people themselves want it, but today there is already a small group of people who owns most of the bitcoin.

Soberb

jr. member

Activity: 276

Merit: 1

Many countries have started accepting cryptocurrency in one way or another, realizing its value and relevance in the digital world. Only some others are turning their back on it due to various reasons. Now regulations are in place which will ultimately make cryptocurrency more strong and stable. One thing investors should know about it before going for it is they should adopt caution very much.

Mrliberty

newbie

Activity: 193

Merit: 0

For me crypto industry is not that dangerous but those who are changing it to something else are the crypto masters and stakeholders and things should be done to that.

Topic: is crypto industry dangerous ? - page 38. (Read 5795 times)