Topic: is crypto industry dangerous ? - page 6. (Read 5811 times)
I dont think that there is any direct danger to your life when dealing with digital currency. It is just like any other product on the market. You buy and sell, lose and win. Any good investor would tell you that if you want to minimise your losses then you mus not invest all your money in one product, but diversify that you balance the risk. all you need to do is very good research and not be in a hurrry, take your time and watch the fluctuations first, then make a decision.
I think so that investment in cryptocurency is very dangerous, but also very profitable, it is very risky if we invest in cryptocurency without knowing the pluses and minuses and knowing the world of crypto first before invest, the best solution is to learn crypto science and investment carefully
Crypto industry is not dangerous in any way but you can say it's a bit risky for those who don't know much about the game, cause crypto is a flexible thing or u can also call it frigga thing which need to be carefully deal with in other to make gain out of it, no being too serious about it if you are to be a fresher in the game you just have to be studying all what it is all about in other to avoid calling it dangerous like you just did. Crypto is not dangerous only risky as all good things in life come in a risk way.
I believe most countries that ban crypto ban it for both taxes and volatility. Right now Bitcoin is down almost 75% from less than the ATH ( All TIME HIGH) OF $20,000 USD. IT IS VERY DANGEROUSE ONE DAY COULD BE MILLIONS THE NEXT DAY A COUPLE THOUSAND. How many times have you heard Lambo since the crash alot of people are loosing faith!
which makes crypto very frightening and profitable at the same time has the potential to cause a bubble of value and is speculative
If everyone is bad at using crypto, crypto business will be at risk and cause losses. crypto only requires people who are smart in terms of managing and trading on the exchange.
I don't see anything dangerous in the crypto industry, we just need to be vigilant and careful .
I did some research nowadays, and based on that research, for me Crypto industry is not dangerous, if you will do proper research before entering in this market. It is very promising market and there are a lot of potential projects. It's just beginning of this booming industry, many countries are planning to regulate the crypto because this industry is rapidly growing many new people are entering in this industry. Any thought?
Investing in crypto currency is a big risk, but here you can get a good profit. Before entering this market, you need to carefully study it and start with a small investment that you can afford.
The risk of investing in crypto is no compensation if the assets we have suddenly disappear due to being stolen, and we have to give up if the coins we hold continue to decline.
The crypto industry is dangerous for people with a shattered psyche and for those who do not want to develop in this market
Cryptocurrency is a basic lack of understanding of it and ability to understand it. Cryptocurrency is our future and it can not be dangerous.
if you doesn't use right everything is risky but of course crypto has own unique risk area and now a days not funny anymore.
The encryption industry is dangerous, and the encryption market is more risky this year. The price of cryptocurrency has fallen sharply in this year's market. People who invested in this year's market have lost a lot.
Depending on what exactly you do, but still I think that cryptocurrencies are dangerous for many people, because many people do not want to think with their heads.
You should be aware that all assets have investment risks. And the crypto-currency industry is not an exception to the rules. Now at such times in the falling market to invest is very risky and dangerous. Almost 90% of the projects that go right now to coinmarketcap do not cost more than the value on sales. In such times, you can make money by trading them on exchanges and more and nowhere else.
From a finance standpoint, this market is unregulated, volatile, and speculative and dangerous for naive people and those persons who is new in technologies but if you know how to manage your risks and diversifying your investments, you would be less disappointed and frustrated as others will follow, some will rise.
I think not only crypto industry dangerous, in this online industry, most of the program is dangerous. As I know too many exchanges already scam and kucoin also lose his all money. When and which platform will be scam no one can make a idea so all are dangerous. We need to careful before invest any kind of platform. We can’t balm in cryptocurrency industry.
As the fluctuations in life continue, fluctuation in crypto currency also keeps coming.But letting it be called Dangerous, I do not feel right, it can be called Risky.
The more risk the more money,
The more risk the more money,
maybe because many countries think that crypto can be used for transactions of prohibited goods, money laundering or terrorism financing so that many countries prohibit crypto, but for me crypto is not dangerous because crypto has a positive side and facilitates transactions between countries, can open jobs, and is a development excellent technology for the future
I think Its depend upon the Government In a country how did they understand the crypto. Some countries thinking about that bad habit might possible be happened once they accept cryptos. And some few countries like Japan where as totally accepted cryptos to their country which Is they used bitcoin as an alternative money.
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