is crypto industry dangerous ? - page 89.

Primal6666

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Quote from: Jamalahmed on April 12, 2018, 07:10:34 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

It is not the crypto currency itself that is dangerous, but the possibilities of its use. Just like a hammer is dangerous because someone can use it to break someones head, but fortunately, most use it to build homes. Money laundering, terrorism, criminal activity, drugs, funds stealing - are main reasons why some governments are trying to block it. And don't forget that cryptocurrencies can broke traditional credit systems, so much credit organisations will loose their income, and i think they are lobbing, restrictions of cryptocurrencies.

HaekalZ

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Quote from: Jamalahmed on April 12, 2018, 07:10:34 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

everything in this life has a risk, i can't say crypto industry is dangerous, it depends on us, we should be careful and be selective before we invest or buy some altcoins in cryptocurrencies, if we do that, at least there is only low possibility that we can lose our money.

Soots

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Quote from: Jamalahmed on April 12, 2018, 07:10:34 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

Each of us have our own understanding about this crypto currencies. On mu own opinion about this as many countries banned is because their own economy will be affected which it's their own understanding unlike other countries supported crypto currencies. Also, those countries banned is that those people aren't able to work on their company as they will focused on crypto currencies which is not a good idea. I believe someday those countries banned will able to realize.

kiw_91

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Great returns / profit comes with great risk and cryptocurrency is a very high risk investment. The risk but the risk can still be mitigated and reduce if you research and study before making any decision. The volatility if the market makes it very susceptible to price and market manipulation. Soo always research and ask questions before making any decision. Do not fall for scams such as Pump n Dump. And always ensure to invest in money that you are willing to lose. Do not put all your life savings in it.

lancer10

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Governments are banning the crypto because either: they do not have enough money from taxes, they got a lot of black markets appeared. Or, there are too many people involved in, and government does not want something that cannot be controlled to be existed.

Barbatsutsa

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It's dangerous only for people who lack experience and understanding what they are doing here.

oludare1

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To me, everything in life is dangerous because there one or more risks in every step we take. Whether crypto industry is dangerous or not, the early adopters of this innovative technology are now enjoying the positive results of the risk they have taken few years ago. A lot of people that do not take the risk now by investing in crypto may have themselves blamed later.

posi

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Quote from: Malya_alkendy on May 02, 2018, 07:35:39 AM

What is malicious intent here?! if I think Crypto is very big risk, we can lose a lot of money if we go wrong. we invest our money in Ico's Scam for example! but Crypto also gives us hope, we can get rich quick because of her. for that reason a lot of people are interested and then join in this Cryptocurrency Industry. so I think it is worth the risk and the results promised by Cryptocurrency.

That's because the great opportunity comes with great risk and cryptocurrency does worth the risk but the risk can still be avoid if ones make deep research and ask for advice or do findings from people on this forum before making any investment.

MonkeySlapFest

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Crypto killed my grandmother.. Doesn't get anymore dangerous than that..

Malya_alkendy

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What is malicious intent here?! if I think Crypto is very big risk, we can lose a lot of money if we go wrong. we invest our money in Ico's Scam for example! but Crypto also gives us hope, we can get rich quick because of her. for that reason a lot of people are interested and then join in this Cryptocurrency Industry. so I think it is worth the risk and the results promised by Cryptocurrency.

Landakhitam

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Quote from: sinkfish on May 02, 2018, 07:08:51 AM

nuke is dangerous, we use it for power.
oil is dangerous, we use it for our car.
rare earth is dangerous, we use it for our electronics.

it depends on how we use it. people fear crypto because they still not understand the real usage of crypto.

But Crypto's weakness is not protected by law so there is still a lot of ICO and many are using Bitcoin for transnational money transactions by irresponsible people, but there are still governments still can not intervene because Blockchain technology is very difficult to control.

sinkfish

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nuke is dangerous, we use it for power.
oil is dangerous, we use it for our car.
rare earth is dangerous, we use it for our electronics.

it depends on how we use it. people fear crypto because they still not understand the real usage of crypto.

cryptochr

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I think what some countries worry about is the fact that crypto is decentralised and the regulations around it are not always clear or haven't been put in place yet. This means that governments have no control over it and thats why they want to call it dangerous.

juragankambing

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actually there is nothing harm from crypto, crypto is a new technology which very much benefit in my opinion,
indeed we have heard many countries reject crypto even banned it, I think the country that refuses and considers crypto dangerous because they are afraid of crypto will be used as a means or money launderer from the results of their crimes because cryptocurrency is very safe and no interference from third parties or government

bayudndy

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It have some high risk because some government not accept the crypto if every countries use crypto it will be low risk. Every industry have some risk.

VeeraS

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Quote from: Jamalahmed on April 12, 2018, 07:10:34 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 do not see the crypto industry dangerous, even I think crypto can make a choice in the business world in the internet. without us having to look for property or investment assets as in the real world. but the crypto industry has a negative side when examined from some projects that become scam, altcoin which has no good development or abandoned by the developer. this is what makes crypto image pretty bad where the common people.

loveinberlin

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I think it is not very dangerous. As for me, it is the best way to earn today. Those who don't risk can't become reach and achieve financial independence. As for me, I am interested in crypto much

Latviand

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Quote from: demonic098 on May 02, 2018, 03:45:48 AM

Quote from: Jamalahmed on April 12, 2018, 07:10:34 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

It's a subject for money laundering. You can easily smuggle money by the way of crypto since it's decentralized. It can bring stock market down Wink

those threat will be enough to ban this from certain countries.

Is crypto currency dangerous? I think it is not dangerous, but some people who have bad intentions really are. In this world, many scammers arw everywhere because they do know that in this crypto world they can get money, many money. So that, they get into those bad things. But don't be afraid. Just read and read to have some proper knowledge.

Wuddly

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Today scammers are building complex multi-stage schemes, covering all possible channels of influence on the community. This market has become interesting to scammers who, even yesterday, monetized their criminal activity using banking Trojans, and now modernize their tools with an eye on crypto-currencies. Under threat not only projects that go to the ICO, but also traders, crypto-enthusiasts and other crypto-currency holders.

Gelesko

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Quote from: Jamalahmed on April 12, 2018, 07:10:34 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

It is dangerous as it is not regulated by financial institutes and could cause trouble, like bubbles and ect! For most of people it is dangerous of loosing their investments, as they lack of knowledge and they could lose their savings. It is also dangerous as it is very volatile and that's why government ban in some countries as again it poses risks to financial stability! So take crypto with caution and don't invest all of your savings, as it is a highly risked asset and you could end up with nothing

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