is crypto industry dangerous ? - page 90.

demonic098

jr. member

Activity: 252

Merit: 2

Ximply for president!!!

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

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.

Trimegistus

legendary

Activity: 1564

Merit: 1027

Every new technology has a potential to be misused, crypto in no different.

It might be dangerous for the greedy newbie investor who will jump into the first scam ICO or shit coin and end up losing everything.

It might be dangerous for the old establishment because people will gradually stop using fiat currency.

It might be dangerous because it can cloak criminal activities.

But there is also a bright side to it, right?

APICEMTECH

full member

Activity: 308

Merit: 100

Blockchain Just Entered The Real World

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

What makes bitcoin and other decentralized coins dangerous is that centralized prganizations such as banks and even governments do not have any control over them. Its a threat to they entire fiat system. If successful, btc will end so many wars and bridge the gap between so many people.

Vasa101

full member

Activity: 504

Merit: 106

EndChain - Complete Logistical Solution

I think that crypto is more dangerous than other investments, especially for newbies, for those who do not understand how the cryptocurrency market works, thats why some people are afraid to invest their money in cryptocurrencies.

kolrbert

newbie

Activity: 182

Merit: 0

not really, depending on how we move in it, if we are careful and keep our security safe may be safe.

phreakorico

newbie

Activity: 46

Merit: 0

Well, it is certainly something you'll need to find your ways in.

ropyu1978

hero member

Activity: 1904

Merit: 510

no, but potentially at great risk that could eliminate your investment. in essence, today the crypto industry is increasing and highly innovative from all areas that can be useful in our lives. but, all that is not always good, sometimes there are some developers who will do the cheating or on some projects that have potential scam. then that's why we have to get used to and find various knowledge related to crypto.

@ophiuchuss13

newbie

Activity: 224

Merit: 0

for people is not dangerous, only opportunities and interesting investments are opened, but for politics and banks there is danger, banks lose investments, and the government controls the masses

TomiJerry

full member

Activity: 462

Merit: 101

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 a very convenient tool for drug dillers and extortionists. They use mainly Bitcoin and ETH, as the most popular cryptocurrencies. For you personally, crypto currency will become dangerous, as soon as you start telling how much you have.

sudnokpok

full member

Activity: 406

Merit: 106

Judgment is dangerous, it can be due to a lack of full understanding, or conflict of interest, and also because the currencies still a new and there are many things that are not understood for some

asd1224

newbie

Activity: 112

Merit: 0

dangerous and risky industry because of this the gain is also high. there are hacking or you should lost your money but you can be protected from these risks

kicauklaten

sr. member

Activity: 840

Merit: 251

Quote from: kier010 on May 02, 2018, 02:20:36 AM

no it is not dangerous but the one that is dangerous is the people using it. for example a knife in the hands of a chief and he/she used it for cooking and the other a knife in the hands of a killer he used it in bad things. you see good and bad and it depends on the people using it. many cryptocurrency are anonymous and some/many used it for illegal activities and government have no ways to follow them so maybe their solution for now is to ban it.

in my analogy also dissented. dangerous or whether it depends on the use.

If we bring this to trade so dangerous if the trade did not have a proper strategy. but this would be very advantageous for ourselves if clever in having a strategy and could see opportunities to gain profit.

benjamin11

member

Activity: 406

Merit: 10

I think dangerous is not the right term. I think we can say that crypto industry is risky rather than dangerous. The value is very volatile, it changes every time and no one can predict its future. There are a lot of scam concerning crypto but if you make the proper study about it, you might minimize the risk of failure in the industry.

idioma1

newbie

Activity: 266

Merit: 0

Some countries ban it not because it is dangerous, but rather because crypto is decentralised. Countries with only in word "dempcratic" regime cant afford people to earn money without controlling it as all this operation can not be regulated. People do not pay taxes and country does not get money.

dreadfullICO

newbie

Activity: 197

Merit: 0

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

There are different reasons for different countries I guess, for them there is the issue of their own currency, for example in China national currency was affected by trading; in some states there is the risk for economics and infrastructure, they are not able afford large scale mining; Sometimes it is linked with illegal activities, like money laundering, it might be also the issue for some governments.

Igromania

newbie

Activity: 320

Merit: 0

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

Most likely, this is due to the fact that all transactions can not be regulated and people do not pay taxes, and it is not profitable for countries.

kier010

full member

Activity: 532

Merit: 100

no it is not dangerous but the one that is dangerous is the people using it. for example a knife in the hands of a chief and he/she used it for cooking and the other a knife in the hands of a killer he used it in bad things. you see good and bad and it depends on the people using it. many cryptocurrency are anonymous and some/many used it for illegal activities and government have no ways to follow them so maybe their solution for now is to ban it.

sparg

full member

Activity: 280

Merit: 110

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

Why? Are you conducting a study or are you just spamming the forum with meaningless topics?
With a simple search, you can find at least 5 similar topics you can do your research on.

Freldo

newbie

Activity: 252

Merit: 0

As dangerous as any investment. You need to check everything super precisely, thats it.

eagleman

hero member

Activity: 1190

Merit: 504

Quote from: Jamalahmed on April 12, 2018, 08:10:34 AM

i want to know what makes the cryprto dangerous?

It's volatility is dangerous for someone that just invested without any knowledge and overheard that it's profitable to invest on crypto without doing his own research.

Quote from: Jamalahmed on April 12, 2018, 08:10:34 AM

to the point that many countries band the use of crypto in their countries. I want to hear your opinion

A country that bans crypto sees threat to their economy if they won't recognize it as something useful to be a medium of payment.

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