is crypto industry dangerous ? - page 41.

triforce03

newbie

Activity: 56

Merit: 0

Quote from: Jamalahmed on April 12, 2018, 07:10:34 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, it's our knowledge what makes the cryptocurrency market really dangerous because if you engaged in crypto world without even a knowledge and skills in terms of trading in the market probably you will fail or worst you will lose all your investments in an instant. I have known people who get hyped by investing in cryptocurrency and they have a little knowledge on how the market really works and they ended up losing more then 40% of their investments. It's the people what makes cryptocurrency dangerous.

austinsku

member

Activity: 168

Merit: 10

In the media there is mainly negative information about what is happening with bitcoin. Only large failures are widely covered: when a certain exchange is hacked or when illegal transactions occur with bitcoin.

But this is important: many still refer to the crypto currency with skepticism, they are afraid that everything will collapse.

In fact, many where bitcoin is already widely used as a payment instrument. For example, the laws of Nigeria prohibit local banks from withdrawing the country's currency - the Nigerian Naira - abroad. Therefore, in Nigeria, there is a strong increase in the use of bitcoin.

Perumweil

newbie

Activity: 39

Merit: 0

I like to utilize the word hazardous as opposed to unsafe considering anything can occur in crypto. Costs are exceptionally unpredictable which is influenced by a few elements and you can free your venture particularly on the off chance that you dont know how to bargain amid bear seasons.

cryptoicicle

newbie

Activity: 98

Merit: 0

why so, due to the condition priced crypto itself still having up and down and it is difficult to be ascertained or rather volatile, making it difficult to get control.

anxioushoarder

newbie

Activity: 75

Merit: 0

Normal people may not put forward more dough than they would be able to have wiped out rationally in bitcoin on the grounds of the being unstable.

Feelgirls

full member

Activity: 364

Merit: 100

I think crypto is not more dangerous for ordinary people than any other kind of industry, but you shold know a lot of this market to save your money

BruceJu

member

Activity: 378

Merit: 10

Fast, Smart, Trustworthy

The cryptocurrency market is indeed dangerous. There are false ICOs in dangerous places, and transfers to invalid addresses. You must eliminate these risks in order to make better profits.

bellator66

newbie

Activity: 196

Merit: 0

You can lose a lot of money if you do not know what you are doing. In the end, cryptos as an investment is as dangerous as any investment, nobody knows what will happen to it, and you can lose all your money. If you do not understand how the market works and play your cards then, the market can be dangerous for you . So, do not hesitate to learn more about new things.

Senumilew

newbie

Activity: 42

Merit: 0

It's anything but a perilous in nations yet Bitcoin is decentralized digital currency so government ought not control the coins this is simply straightforward in every one of the people groups such a large number of banks are influenced in the nation. It is the principle motivation to maintaining a strategic distance from the Cryptocurrency authorization. Be that as it may, a few nations are hoping to propel innovation so they are all concur the Cryptocurrency in light of the fact that numerous people groups are supporting to crypto speculation.

globalpain

full member

Activity: 1260

Merit: 103

The OGz Club

Quote from: chrisfatos on April 12, 2018, 07:29:20 AM

I dont think some countries ban it because it is dangerous, but rather because crypto is decentralised and they will not have control of it.
For an individual crypto can be risky because there are many scams around. Nonetheless, scams also happen in fiat..

I also agree with you, the prohibition of crypto is not because it is dangerous, but because it is decentralized so it can not be regulated by the government, as in my country there is a rule that currency is used only rupiah, and other currency can not be used as a means of payment

Fayamba

member

Activity: 280

Merit: 10

I wont call it dangerous, but i would rather refer to it as risky because i think it should be the appropriate word to use. Of course there is a risk in everything that has the potential of earning you something significant and crypto is not an exception. Prices are very volatile and you can lose a lot within days.

parker99

newbie

Activity: 107

Merit: 0

Truly crypto industry isn't dangerous however with regards to the general population sorround it who is so oppressive and that is the thing that it makes us risky.

Hulh

newbie

Activity: 148

Merit: 0

Quote from: Iyanuoluwa on April 12, 2018, 07:48:59 AM

I don't see anything dangerous in crypto industry, we just need to be vigilant and careful of those we making deals with during ico and we must be very careful of hackers

Cryptocurreny is not dangerous ,it is only risky for investment. You can only say dangerous if your not fully understand cryptocurrency and how it works in this type of industry. You only have to be careful of those people who will take advantage of you.

zorbit

full member

Activity: 218

Merit: 100

crypto industry is like any other industry but we need to be careful in investing and trading and holding we need to have knowledge while doing any activity related to cryptocurrency

Nimbusrf

newbie

Activity: 210

Merit: 0

I believe that cryptocurrency is not dangerous. just the authorities it is inconvenient and, therefore, they interfere and create a bad opinion.

Negdan4ik

member

Activity: 229

Merit: 10

The Exchange for EOS Community

in my opinion, the news about the cryptocurrency is a little exaggerated and not true, many media hope that this structure will collapse and they will be very happy about it.

calexander55680

newbie

Activity: 22

Merit: 0

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.

BeerTanker

newbie

Activity: 34

Merit: 0

People will not risk more money than they would be disposed to loose cozily in token on the grounds of them staying volatile.

ps

member

Activity: 154

Merit: 10

Cryptocurrencies are a new and unregulated asset class. Most coins are backed by literally nothing - no good developers, no proper roadmap or funding, nothing. Your hard earned money gets you "tokens" which have no inherent value except a number on a screen. If you're investing in something other than the top 20 cryptocurrencies (ie. Bitcoin or Ethereum), it's akin to gambling. You'll probably lose everything overnight.

Yalovtsev

full member

Activity: 644

Merit: 100

Well, like any other industry, it has its pitfalls,and its chips,there is a danger and opportunities,and in the future the world is now preparing for a mass transition to the crypt, so you have to understand the potential of this all!

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