is crypto industry dangerous ? - page 70.

Veks_King

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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.

Thread should've been closed after this, pretty much spot on.

wayancrypto

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I dont think so crypto dangerous, Bitcoin was created since 2009 but since that, no any big negatif effect in to this world. Although any case about money laundry but this issue was solved, and government can handle it. There are advantages and disadvantages of crypto but i seen crypto has more benefits to the community than disadvantages its self.

willybacem

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I think the Government in this regard are dangerous because all these crypto income people of crypto are not taxable income. And the Government may fear if Crypto is going to affect the local currency. The government should make it a rule to use crypto because this could help to overcome poverty levels within a country.

Coffeehot

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Quote from: chrisfatos on April 12, 2018, 08:29:20 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..

encryption absorbs a lot of social wealth . the government has no way to control it . it affects the government's interests . so the government limits it . not all encryption is dangerous . some good coins will have a bright future . such as , IOTA neo ether

btctestcolets

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I think its not a cryptocurrency industry are dangerous to every country making it banned but rather its a risky investment procedure for the people of a country who believe in cryptocurrency but serve as a awareness not not easily believe for great reward of profit it gets due to some issues of scam website.

fortelen

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In my opinion why some countries consider the crypto is dangerous and then ban it:
- Crypto is considered as an easy way for the worldwide transaction, the government are afraid that crypto is used for illegal or terrorism transaction easily
- Crypto can change the financial system and condition each society in the county very easily, it may disturb the rate of society poverty or level of a country
- They may consider that crypto may be used for money-laundering done by some irresponsible people

Lexurdania

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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

Cryptocurrency is very high risk investment. Right now not many country ban cryptocurrency trading but cryptocurrency market always have high fluctuation and thats why many peoples said crypto is high risk

Cryptokarl

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Crypto itself is still very young and can bring big problems, since this sphere has not yet been fully explored. Similarly, the government of many countries are a danger to the development of crypto, because they see this as a threat to the centralized world

torres99

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TBH your gonna hear mixed opinions everywhere. Best I found was DYOR =Do your own Research. Though most people say this as a sarcastic answer, I mean it humbly. Good Luck

zero9119

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Quote from: ?? on ??

The crypto market, like any other variable income market, is actually subject to equity losses and there is no certainty of success.
So it can be said that the market is somehow dangerous to investors, especially to those who do not see the risks associated with the market

The financial market is always full of risks and opportunities for investors. So it's not for those who do not have the knowledge of the market but just invest in the desire to make money in this market. Choose a safe investment by investing in market knowledge so that you are always prepared when the market fluctuates.

Lauff

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one must understand how crypto works and each must know to get a profit. Before entering this industry know the fact the price of crypto is volatile. They suffer huge losses because they do not know the big risks in crypto. It may be dangerous

malekcap

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crypto is the most develop technology in the world because it consider a revolution of payment and of billing! so many counties has banned crypto because it take place of its own currency and it mean that currency will be worthless so no one allow someone to take his place! now about if risk or if dangerous let me tell you yes! crypto is the most dangerous investment in the world! but everyone love that and everyone do that because crypto could make you rich between day and other! so it could make you poor aswell but if you believe in what you do and if you work harder and think harder aswell trust me, your dream come be true

Kabul

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It is both dangerous and not dangerous. It is not dangerous if you understand it well and it is dangerous if you do not know anything about cryptocurrency but still decide to join the market

sgenuine

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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

Cryptoindustry is not more dangerous for ordinary people than any other kind of industry. It just has its own specific features that must be accepted and understood. Learn to work with crypto and you wouldn’t feel any harm.

marydarli

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Adbank is proud to announce a new partnership with Verasity, a video-sharing platform enhanced with blockchain technology, with a plan to bring video ads on the blockchain. Continue

ZhukovM

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Nothing dangerous she is. Yes, crypto currency is paid for bad things, with the help of it, money is washed and so on. But the most important thing is that all this is present in other circles, but in addition to the disadvantages, the crypto currency gives a sign of quality that the data will not be forged and will reach the informant in one piece, without leaks.

Viecoin

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The market can be dangerous for those that have unrealistic expectations. Some invest money that they cannot afford to lose on a single coin flip. As long as you go in not expecting "moon" or "lambo" overnight, you might even see an organic increase in your investment.

Rastafarian

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Have you ever thought of the risks involved in crypto currencies? Have you lost huge sums of money in the crypto currency business? Most people in the crypto currency business are alert when there is an impending danger that is about to happen to the crypto business. Since I came into the crypto currency business, I had only the challenge of scammers. There was a time when the money I had invested was stolen by a scammer. From that time onwards, I have developed that crypto is quite scary and much attention should be taken when dealing with any transaction.

BaeNaNa

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Cryptics

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 don't think it is a dangerous industry, it is a new emerging technologies that can change a lot of things and it is bound to meet resistance from other people. Government want to study it first before letting it on their country, they don't want to be blamed later by their citizens because they allowed crypto hence the ban. They also have to protect the value of their national currency so ofcourse they won't let something to make their national currency useless.

tutorroma

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The encryption industry is not dangerous. It is just a de centralized network consensus mechanism, which will be more secure and open to Fiat encryption.

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