Topic: is crypto industry dangerous ? - page 83. (Read 5795 times)
There may be many reasons why people call crypto business dangerous, but the danger of cryptography is much less when compared to the collective contribution of krypton and the development of the world economy. There are people who are afraid of investing in the crypto business or even asking why it is crypto because a lot of people do not want to get into it
It is not that dangerous, it is all about the decentralization of it so it means we are free to do anything without informing anyone. Likely county without a proper law. Some government against of it because they can't have the power to control it.
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
First of all, the cryptocurrency is unknown. And the unknown things is most feared. Cryptocurrency violates the usual way of doing business. Refutes the laws of investments.
If you are asking a question about the investments into crypto, its already volatile and you might lose or win so its generally dangerous But the coin themselves are helpful.
Perhaps, you mean risky? If yes, then sure that there are certain risks when buying and selling cryptocurrency. I think that despite the fact that risk is involved trading crypto is a very good method to earn money.
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 is hazardous (dangerous) like some other speculation, the good thing is that you can recuperate your misfortunes with a couple of good shots so general it bodes well to put resources into ICOs and coins mid-term.
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 think the more appropriate word here is not dangerous but risky mate. Dangerous, I think, would be too harsh of a word when pertaining to a business venture because it's not like you put yourself at harm by doing it. Investments here are just open to so many alleys and factors that could make you lose your capital, which is primarily the reason why it is risky.
That's true,In this job there is the word 'risky' and not the 'dangerous'...So what makes the crypto dangerous? People who think that they will become millionaires in just one day and the speculative behaviours from large investors,When I said people,I mean that its not as easy as it seems to control your emotions when you are at here,especially as all we know trading is very addictive',we want to make more and more and sometimes these desires are just unrealistic.which may cause a big risky too...Anyway there are too many nuances which makes it risky,but the main factor to avoid the risks in this situation is knowledge and experience.
The crypto industry is dangerous for stupid people who invest in it the last money , waiting for cherished X, and sometimes get a big minus. After that they call crypto industry dangerous. For me it so dangerous as forex, nothing new. The possible profit corresponds to the possible risks.
Cryptocurrencies in itself do not have any danger either for people or for countries. Usually such statements are scattered by people to whom it is not favorable.
For most governments the danger is that the assets are not controlled and some criminal actions with money might be made through anonymous crypto wallets. The risk for people is that crypto wallets are often getting hacked and that the crypto itself might critically fall down in price even if it rises again soon. In few words - you never know what will happen to crypto not tomorrow, but even in next few hours. Regarding the safety - Bitupper builds a protected multicurrency enviroment with lots of services in addition, so so you might wanna look towards it
Crypto is dangerous in some point of losing money - this happens, because many people are going to the day-trading without any specific knowledge about it. And, some of the actions- like putting your money in an ICO is like a gambling.
I believe that working with cryptocurrency may well be dangerous. There are many thieves and hackers who are ready to get someone else's crypt by any means, which can directly threaten the life of the coin holder. Well, there is also a risk of losing everything if illiterate to invest.
Yes. The possibility of losing funds due to theft. As a result of the attack on the exchange platform, cryptocurrency, or the infrastructure of use; absence of guarantees of return of the invested means in crypocurrencies. Since such savings are not considered bank deposits, their return is not guaranteed by the Individual Deposit Guarantee Fund; the possibility of fraud. Cryptocurrency can be used to build financial pyramids, which can lead to loss of money and etc.
many countries do not like that cryptocurrency is not controlled by them and therefore impose restrictions
Speaking of the danger is the same as talking about the crypto currency, of course, crypto currency is very dangerous, but not as dangerous as it is very risky to lose all your deposit. So today I think that many should not forget about this, just remember that any wrong movement and you do not have money.
Everything is a risk. Both the real world and the cryptoworld. So no one will give an ideal advice or solution.
Risk is at every place, we all have insecurity of losing our jobs or house under any natural disasters but that does not mean we start running from things. I totally agree that crypto industry might be very dangerous for a newbie as he/she might know nothing about this market and can be manipulated easily to invest in scams and lose their money. hence, I believe if you are careful with your investments there are very less chances that you will find this industry as dangerous as it provides anonymity so there is no physical harm to you, that one thing is guaranteed for sure.
Everything is a risk. Both the real world and the cryptoworld. So no one will give an ideal advice or solution.
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
Governments in many countries have banned crypto for a reason and that is not because of dangerous nature of crypto but due to fact that crypto is decentralized and distributed currency that will take the financial control away from central governments. To overcome the loss of revenue, crypto is banned in many countries.
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
It is easy.
For government it is danfgerous, because it is totally uncontrolled asset, which can be used for furbidden actions, or for example as a tool to bypass taxes.
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