Topic: is crypto industry dangerous ? - page 65. (Read 5795 times)

Dangerous ?, i Can say is risky investment and you need do own research when you intend to make investment.
(play smart invest smartly)

Probably, any technology can be used by criminals to carry out crimes. For example, to give bribes in cryptocurrency, pay for drugs, weapons, etc. After all, there are completely anonymous coins. That's where the danger lies. On the other hand, there are much more positive aspects.

nO why

As for some of the factors that cause bitcoin is a dangerous :
1. Bitcoin is a digital currency, currency should be issued and maintained circulation by a clear, reliable and responsible institution. Here BITCOIN is not clear who is publishing and supervising.
2. The identity of the issuer of payment instruments, according to him BITCOIN issued by satoshi nakamoto. Satoshi nakamoto is not clear according to him.
3. Changes in the fantastic value of the exchange. They  mentioned that BITCOIN is not realible as a medium of exchange.
4. Broad acceptance of BITCOIN extension will undermine economic sovereignty,an example of the Chinese government's attitude that prohibits banks to accommodate transactions involving BITCOIN.
In certain sentences mentioned that BITCOIN is dangerous.

I think crypto is nt dangerous but whereas crypto is bit risky like any other business in this world so crypto need more cautious to the fact that market is young and there are more risky of scams may happen.

It seems to me that the main danger of cryptocurrencies lies in the Absence of a legal framework and legal risks
The situation is exacerbated by the lack of investor insurance. They can not claim damages, despite the fact that some exchanges are positioned and acts as virtual banks.

Bitcoins are intangible digital codes that do not have ownership rights. If they are stolen from a virtual wallet, the owner can neither identify the thief (due to anonymity and decentralization) nor confirm his right to the coins (due to the lack of personal property law). The situation is similar in the case where transactions carried out in the name of the defaulting parties. And if bitcoins are invested in a company that went bankrupt, the owner will also not be able to return them, because the contract is concluded "on an honest word and a handshake."

However, investors have no other choice but to do business with exchanges that do not have equity to insure losses, as with conventional banks, whose activities are regulated by law.

"When the Bank's customer's current account is hacked, there is always a third party ready to intervene to deal with the problem. But this does not apply to cryptocurrency exchanges. Most likely, because of the "virtual" features of digital coins, they will never be completely safe, " says Darin Steinfeld, Executive Director of KeepKey.

No one offers the insurance of cryptocurrencies, although the development is a lot of projects.

Of course crypto also has a negative value, especially related to the interests of a country. We can mention the issue of tax or money laundering. And from a theoretical perspective, the possibility of people to hide assets on crypto is bigger than other investment instruments.

Crypto is very attractive among investors. Perhaps already many stock investors are starting to diversify on crypto. This is not a good thing for some countries with a less strong economy. I think the government banned crypto, at least to reduce people's interest in crypto.

Risk is the second name of the crypto-currency market, because without risk there can not be any way at all, there is an opportunity only to somehow reduce the possibility of risk, but it will not be avoided exactly.

Crypto may not be harmful, but its harmful effects. Very high volatility is just one of the reasons. Although crypto is very liquid, but the velocity of money in crypto will not be like Bank Central that is returned to the community in the form of loans. I think the situation will still be like this until found a win win solution with the government.

Many countries prohibit crypto because there are a lot of scam projects now. In addition, crypto is not regulated by anyone, which also introduces a certain danger (for example, you can buy weapons and drugs anonymously), besides, the cryptocurrency is not beneficial to the government

undoubtedly, investment is dangerous, because it carries a serious risk, especially for people who are impatient and pursue quick profits. in such cases, the greatest risk is to lose all investments. also the risk is that if you invest in a futile project and buy coins, and then they do not shoot, then you also do not get a profit.

All businesses have risks, especially cryptocurency, maybe certain countries want to avoid the risk of trading cryptocurency, but if we master the science of cryptocurency it will be very profitable

Some countries are negative about crypto-currencies for a number of reasons, such as: linking crypto-currencies to money laundering, financing of terrorism, also because of their decentralization, crypto-currencies can be a threat to local currencies (according to some officials). But in my opinion, all these reasons are false and in fact, the crypto-currencies do not carry any threats.

In my opinion and from what I have heard, it opposes dangers to financial institutes, as this crypto asset is not under full control and bubbles may occur, which leads to crisis and instability to financial security. I think eventually every country will accept crypto industry, when they'll find a way to regulate it. It is also dangerous, as most people invest, without any knowledge and then losing their savings in a couple of days.

All investments carry a share of the risk. Put your money on a deposit to the bank and live peacefully, but you need to be prepared that the bank goes bankrupt and you can forget about your savings. Crypto-currency carries with it big risks only for inexperienced investors

Cryptocurrencies are dangerous because tomorrow prices may drop to a penny. Also now, a lot of fraudulent projects. Countries prohibit cryptocurrency because of its anonymity and a lot of money passes by the state. Some countries can't figure out how to tax people who use cryptocurrencies.

All are according to what you are think about crypto. According to me that Use the dangerous word is less fit but maybe The crypto industry has risk. Every business has risk, any business. The problem is how we can manage the risk, So in business, before you run it, you must learn it well. You can make decision carefully after you observered, learned, and do it

I believe every industry is dangerous not just crypto industry, even the fact you you eat, enter bus, fly on air, all is dangerous, life in all is dangerous so the same thing is applicable to crypto, so it is  advise to always be careful and invest what you can lose.

Yes some countries forbid it because it's dangerous, but more because cryptocurrancy is decentralized and they will not be able to control it. For individual cryptocurrancy can be risky because there are many scams around. Nevertheless, fraud also occurs in fiat. The price is very volatile which is affected by several factors and you can lose your investment especially if you do not know how to handle during the bear season.