Topic: is crypto industry dangerous ? - page 95. (Read 5795 times)
The one who prints money, he manages the economy and politics. Crypto can not be fully controlled. This is most frightening of the authorities
Any financial asset is quite dangerous because it have a risk (even govement bonds). Life is dangerous anyway but we live.
Crypto coins are dangerous because you can lose your money investing badly but you also can take a profit by risking.
Crypto coins are dangerous because you can lose your money investing badly but you also can take a profit by risking.
CRypto is not dangerous, I think the word Dangerous is too strong, where we are going and I said crypto as come to stay, most people have contrary opinon because they don't understand what the project is all about and they try to be paint it be black
First of all the main thing why it has been band by countries that government can't control the cryptoworld and they afraid of uncontrolled element in their system
Also there are so many scams on market
There aren't any of playing in cryptomarket that could be controlled by goverment
All risks are on users, on people
Also there are so many scams on market
There aren't any of playing in cryptomarket that could be controlled by goverment
All risks are on users, on people
everything is dangerous.. dollars or gold or estate - it could be stolen, so everything identically is dangerous and not!
why so, due to the condition priced crypto itself still having up and down and it is difficult to be ascertained or rather volatile, making it difficult to get control. In addition, cryptocurrency will also take over the system and the role of banks in General, and most countries will not be ready. more or less like this in my view.
The big danger comes from whales, they are very much now affect the market. There is also a danger in the absence of a legal framework concerning cryptocurrencies. Do not forget about the huge volatility of the market. In recent months a lot of scammers who try to steal money through ICO.
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
When you do talk about dangerous then you are mentioning on a broad range.Would you mind on saying an specific thing like on which it what sort it would be dangerous. Countries laws? Investment risk?If you do only talk about ban then theres no danger and its prohibited and as a citizen you will really avoid on violating countries laws once you get caught then you do know the consequence.
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
ps: Fiat is more dangerous than crypto
Perhaps the op means that dealing with cryptocurrencies is dangerous when forbidden. This is surely true, but again, most of countries don't ban it, they just sort of ignore or plan regulating cryptoccurrencies. If you, op, meant that cryptos must be dangerous if they are getting banned then perhaps you suppose that crypto users are mainly drug and weapon dealers and buyers plus gamblers, like it was at the beginning. For now it is not true, since there are various projects which are related to healthcare, charity, ecology etc. The crypto community is full of intelligent people who are far for criminal.
Crypto is just like the startup industry.
There are good projects and also bad projects. Sometimes the project is good, but government doesnt like it.
IF you can find a project supported by govt and also fundamentally strong, then your risk is low and reward is high.
The one that I've got in mind is Blockgrain.io
They have government support in Australia because they are working to help the farming industry, which is backbone of Aus export revenue. The team and product is also great. If you want you can join their ICO, it has started only yesterday.
There are good projects and also bad projects. Sometimes the project is good, but government doesnt like it.
IF you can find a project supported by govt and also fundamentally strong, then your risk is low and reward is high.
The one that I've got in mind is Blockgrain.io
They have government support in Australia because they are working to help the farming industry, which is backbone of Aus export revenue. The team and product is also great. If you want you can join their ICO, it has started only yesterday.
This industry is dangerous only for those people who do not understand the crypto currency and then after a while lose most money and begin to study and approach to investing wisely
Crypto is a high-risk investment. You must remember this constantly and do not expect that any coin you bought will grow and give you a profit.
most countries are not going to regulate crypto-currency, it is dangerous only because it is highly volatile and very risky for investments
It can be dangerous:
1) for your finances, if you are not careful enough where you are sending your money and how you store you passwords/private keys
2) for yourself if you are bragging too much how much money you have made.
3) for your mental health if you are not used to risk/reward situations and volatility
1) for your finances, if you are not careful enough where you are sending your money and how you store you passwords/private keys
2) for yourself if you are bragging too much how much money you have made.
3) for your mental health if you are not used to risk/reward situations and volatility
First of all, there are risks only if you are not being in this sphere before. There are risks of losing money, but the same we can find on the forex and in any things all above it. Governments are banning the crypto almost always of the reason of lack of money in the country.
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 main danger is the anonymity, since funds that are passed anonymously can be on weapons, drugs and other bad things. 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 as you said dangerous so I understand that you mean that it is harmful or can be used for illegal actions. In this sense yes cryptocurrencies are dangerous as some people may use it to carry out their illegal activities like buying some dangerous good that is banned/illegal stated by the government & paying for it in form of cryptocurrency as a government will unable to track it, if they use banks to transfer money then yes they can be caught easily. Also, people may use cryptocurrency just to convert their black money into white money. Due to this, Governments are banning cryptocurrency as they can not track the crypto transaction & cannot monitor who holds how much amount of cryptocurrencies.
Any project if it is misused will be dangerous, Too many crypto are being abused so the government intervenes and issues regulations regarding the use of the blockchain system. Only irresponsible people make crypto dangerous.
which I think, the dangers of this crypto is, no one can manage it, even the government of the country though. and this crypto may damage the financial system in their country.
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's the means of dangerous? For me, it's high risk. To know how deep the risk, you can learn in many threads in bitcointalk. Jump to: