is crypto industry dangerous ? - page 74.

Lyne01

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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

Well, the risks or danger of crypto are the following:
1. You may lose your money if you invested in wrong project or coins.
2. Countries banned crypto becAuse they are threatened to lose investors and workers.
3. Crypto is virtual currency so peoplemcannot hold these physically and many hackers may attack your coins.

SERGOSTAP

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The official version is that the crypto currency is not regulated legislatively. This means, for example, if you are deceived in the ICO, no one can help you get your money back.
And it's important that you can use crypto currency for hidden payments.
Some governments dont like this very much.

aalborg

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Of course it's dangerous. The problem is that the cryptocurrency market is not regulated in any way, there are no risk assessment mechanisms, and the return of investments is not guaranteed by anyone and nothing, except the honest word of the author of the project. By and large, the fact that someone has an idea does not mean at all that the idea is good and realizable, that the resulting product will really bring profit, that the author will really spend money for implementation, and not on salary to the director (himself). In the end, he can simply run away with money, because in the market, the cryptocurrency is not so easy to track down and deanonimize the payee.

Sidas_Crew669

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Cryptocurancy is not dangerous, it can be harmful if people misuse Cryptocurancy technology, because Bitcoin is a decentralized crypto so the government can not control this coin, purely transparent in everyone so many banks are affected in this country. This is the main reason for avoiding Cryptocurrency legalization. But some countries want to advance technology so they all agree with Cryptocurrency because many people support crypto investment.

efey399

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The crypto-currency industry has recently increase volume and grown. the number of participants increased continuously. there was no danger in his early times. and I think it is on its way to becoming universal.

pharaon

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Of course, in the world of crypto-currency is full of risk and uncertainty, but to say that it is dangerous here would not be correct. Some people specifically say bad things about crypto-currencies and dissolve negative news.

DarkPiltover

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Many countries are banning the use of crypto in their country because crypto endangers the position of virtual currency in those countries. With the crypto, the country fears the population will switch to crypto and then abandon its virtual currency. And of course, it will affect the people who are already working will become interested in crypto then they quit their job to join the crypto.

Lingesh

newbie

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In my opinion crypto world is not dangerous
Many prople think we can easily hack hy the hackers. We would loose all money that we invest. And many rumours are spread by other.

lorapalmer

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https://bvo.trybravo.com/

I do not think crypto is more dangerous than banks. For example, many people lost their savings in banks in Ukraine when the conflict began there. Almost 60 banks in Ukraine bankrupted when the war began in 2014, causing loss of bank savings among its citizens. So now I trust crypto more than bank system.

lili song

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It just depends on our strategy. So it is not dangerous - it is a new technology which will turn world round.It is just dangerous if you don't have enough idea and skills on handling it. I believe that it is risky but it isn't actually dangerous if we know how to handle it and we know how to keep our earnings safe as well as our private keys.

freakdust123

newbie

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Evryhting is dangerous when someone doesnt use it right. Since it is risky, we need to be realistic and be careful of scammers. Having descernment is the right answer to it!

george_hured

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Dangerous is not a suitable word every year, I think that today it is necessary to speak risky or mega risky, because today there is a very big probability in general to lose the whole of the invested deposit

ordeath

member

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Of course it is dangerous, every sphere of investment or business is, there is thousand ways to loose your money recently

Gabmot

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The answer on this will surely differs based on the different perspectives of people from different regions. I personally I wanna try to be objective about this. Crypto related affairs isn't one free from risks just like every other thing in this world. I believe this world we are leaving in leaves everyone at an awkward position on a daily basis.
However, in the business world, the success of any investor is tied strongly around the risks he can take. For crypto, I think its and will definitely worth the risk taken. For now, it's even less risky. Nice one.

Bakemat

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Quote from: shata on May 24, 2018, 07:24:25 AM

Cryptocurrency industry is not dangerous. And it will be not sooner or later. The only fact about cryptocurrency is its volatility. Why? Because cryptocurrency's price varies one of the factor which is the law of demand and supply, thus making it vulnerable if and only if demand of bitcoin or alternative coins deteriorates. Supply also of ones coin varies its price dictation that is why, cryptocurrency industry is volatile. And a big NO. It is indeed not dangerous. What matters is you must be very vigilant and responsive to it.

Well in own opinion? Is crypto really dangerous? Hmm, I think yes it is in some way. It's dangerous because you will take your own risk if you want to get here. You will need a lot of braveness and you have to be not afraid or you have to be ready on what might happen to your investment or money. But it's not dangerous if you will be very wise and careful.

shata

sr. member

Activity: 547

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Cryptocurrency industry is not dangerous. And it will be not sooner or later. The only fact about cryptocurrency is its volatility. Why? Because cryptocurrency's price varies one of the factor which is the law of demand and supply, thus making it vulnerable if and only if demand of bitcoin or alternative coins deteriorates. Supply also of ones coin varies its price dictation that is why, cryptocurrency industry is volatile. And a big NO. It is indeed not dangerous. What matters is you must be very vigilant and responsive to it.

prdn

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There are certainly great risks, all your assets can be destroyed within an hour
Invest in cryptocoin with money that will not upset you

miner7788

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i don't think crypto industry is dangerous, of course all business have some risk. i think it is safe/.

FiiNALiZE

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Quote from: yitai2020 on May 24, 2018, 07:02:06 AM

Because it is not issued by the state, nor is it allowed by the state, the state does not collect taxes, and the flow of funds is not regulated, so that it fears that it will break the existing financial system and will naturally suppress it and then manage it.

Some places does allow Bitcoin and the Altcoins. The reason why the people in the Government want to tax Bitcoin is because they use a popular exchange to transfer the coin to Government fiat. It's actually their money.

Paniudto

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Quote from: Qunenin on May 23, 2018, 07:19:21 PM

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

Well, the fluctuation in prices is sometimes considered to be dangerous as a new trader may not make a right decisions in buying or selling and Whales take advantages of the market by putting in big money.

Volatility is what make crypto very dangerous. You must be very knowledgeable how to play with volatility so that you won't lose money. Many people loses money in crypto because they don't study it very well.

Topic: is crypto industry dangerous ? - page 74. (Read 5795 times)