The Major Risks in Crypto Business - page 2.

LUCKMCFLY

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Leading Crypto Sports Betting & Casino Platform

I think that there are always risks in all kinds of activities, especially in the financial markets, but of course the enemies of Bitcoin will always claim that the Bitcoin market will always be the most dangerous in terms of investment and since there are many cases of Ransonware to Worldwide, they want to make a union with many companies, help from the FBI and intelligence to fight against Ransonware, some of them say that sometimes it is better to give up privacy and anonymity so that everyone is safe.

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“This is a world that was created exactly to be anonymous, but at some point, you have to give up something to make sure everyone’s safe,” he said.

The proposed rules seek to respond to a record year for ransomware attacks, with the task force estimating ransomware syndicates collected close to $350 million during 2020 — up 200% from the previous year. The lion’s share of profits were accumulated through targeting government agencies, hospitals, educational institutions, and private companies.

Source: https://cointelegraph.com/news/ransomware-task-force-calls-for-aggressive-bitcoin-transaction-tracing-measures

Of course this is a double-edged sword, you should never trust government entities and above all what is most sought is to end anonymity, I will never agree with ransonware or with robberies and scams, but I feel that they are doing this to take advantage of the problem.

dificanovi

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the main risk is the decline in prices in the crypto market after we buy bitcoin, if this happens then we have to hold it in the long run in order to get a big profit. if we invest in altcoins it is better to find information about the altcoins that we will invest in so that we know what the fate of these altcoins will be in the future.

sapnu

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I think one major risk one may face in the crypto business is ignorance. As you enter this new platform, you might end up getting excited as you hear news about people getting rich over night or instantly. You start to rush things and push yourself to go all in amidst having no idea or knowledge on this new world you are entering. A way to tackle this risk is to make sure that each newbie that will enter the crypto business would be reminded to study the process first before entering real time trading or investment. We can do that through making articles with regards to the issue or through making a thread or discussion here in bitcointalk that may catch the beginners attention and lead them to study the culture and process here.

noorammak

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There are many risks in the cryptocurrency business. I can list them as follows:
Scams from new projects, ICO or IDO mobilization projects on decentralized exchanges.
Cryptocurrencies have very strong price volatility so do consider it when buying a cryptocurrency.
FOMO in trading is something to stay away from as you can always lose money buying crypto.
Beware of strangers who text you on telegram as most of them want to make money from you.

geegaw

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Quote from: Alucard1 on April 28, 2021, 03:43:41 AM

1. The major risk of investing and trading bitcoin is the volatility as you don't have any assurance that you can earn from it, another major risk as well is those scammers and fake websites, there are a lot of scammers that we may encounter in this crypto world so be careful always especially for the beginners, fake websites are also one of the things, I am once got scammed by these fake websites that offer to double your money for only one day but end up with no return, this is not a problem for some who already have knowledge and experience in the crypto world but for the beginners that would be the major risk.

Nowadays, phishing sites seem to have too little opportunity to grow as a large number of users warn each other and almost with certain knowledge, this potential risk is very easy to eliminate, so considering it as a major risk is probably not justified. When we talk about the business of crypto, the main risk is still its volatility, it seems that fluctuations are based on the needs and psychology of the crowd to form, it is difficult to judge, besides, garbage projects are also a major risk, they have very virtual profits and we easily die with such projects.

Issa56

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Before you start cryptocurrency trading there are lot's of things you have to put in consideration first you can't just thinking you can start trading or investing. These are some of the things you have to consider before starting investment you have to make research on the kind of coin you are buying first you don't just see a coin then you will buy or because people talk about a coin you will just buy you have to make proper research first before buying any coin, make sure the coin that will be in your portfolio is not to much so that you will be able to monitor them, if you are holding bitcoin for long term make sure you keep the coin in your personal wallet not exchange wallet and don't disclose your private key, and you don't have to be greedy.

Alucard1

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1. The major risk of investing and trading bitcoin is the volatility as you don't have any assurance that you can earn from it, another major risk as well is those scammers and fake websites, there are a lot of scammers that we may encounter in this crypto world so be careful always especially for the beginners, fake websites are also one of the things, I am once got scammed by these fake websites that offer to double your money for only one day but end up with no return, this is not a problem for some who already have knowledge and experience in the crypto world but for the beginners that would be the major risk.

hv_

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Time is risk

Waiting games are risky

even if the procotcol and fees and regulation are changing quickly

Reatim

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Quote from: verita1 on March 24, 2021, 06:20:03 PM

Investing in crypto is a risk but it is being the best alternative for any investor because Fiat no longer offers a return in sight, only it shows future inflation.

This must be understood by Many but the problem of denial is what bitcoin get.

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As for bitcoin, investors have entrusted their capital to digital gold as some say, thinking of a long-term investment.

Indeed like us right? we tend to deny a small profit and instead take a long term waiting .

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There are several strategies to reach ROI with crypto, the fundamental thing is to take volatility into account and not panic.

If you know how to deal with market movement , then you can use multiple strategies.

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If we learn from the big investors, we can realize that we all agree to invest in bitcoin for the long term. Take a look at this Tweet by Michael Saylor.

But they can stand long without encashment ? not like small investors that needs to have food for the table.

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Shareholder value creation comes from holding an appreciating asset $ BTC over a long period of time. It is logical for every firm (both public & private) in the #Bitcoin industry to do the same thing Tesla is doing. Corporate treasuries should #hodl bitcoin.

https://twitter.com/michael_saylor/status/1374710466644226050?s=19

+1 in all this manner .

Dannaey

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Quote from: Wenbing on March 03, 2021, 12:56:29 AM

I will be delivering a lecture or an address by weekend on a topic which would be part of the Crypto book am working on. The topic i will be teaching is "Crypto Risks: How to Minimize risks in Crypto business."

I would want to focus on trading and Investing. But, i want to know what you think on the following;

1. what are the major crypto risks that one should know and avoid by all means.

2. How do we tackle these risks or are there way to tackle the risk?

We can use btc trading and investing as a case study.

First, the major crypto risks that everyone should avoid is to buy those coins that are not fundamentally solid. Many people are being deceived by quick profit scheme without knowing the purpose of that certain project. We have to avoid those coins that we call it as pump and dump because it may seem to be a good investment but we know that it is just a strategy of the founders/owners so they can dump their holdings. I hope everyone can learn how to analyze a good project and a bad one. A good project takes time to develop.

hv_

legendary

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Clean Code and Scale

The financial product itself

is

not

stable

doomloop

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Quote from: Wenbing on March 03, 2021, 12:56:29 AM

I would want to focus on trading and Investing. But, i want to know what you think on the following;

1. what are the major crypto risks that one should know and avoid by all means.

2. How do we tackle these risks or are there way to tackle the risk?

We can use btc trading and investing as a case study.

The first risk which everyone is aware of is the volatility if cryptocurrency, the price that keeps rippling back and forth and how you can tackle this particular risk is being careful, you have to be focused and also go with small investments. Though from my observation some people don’t like investing small amount because they think they are not going to make huge profit, but the truth is that small investments are beneficial long term. But, you can still go with huge investments if you’re not going to be regretting it later when it doesn’t go as planned.

Another risk is that there is no regulation and most people worry that if it poses a competition to the government they will have no other option than to fight against it. And some has said that due to the government can’t charge taxes cryptocurrency investors taxes they will not like the idea of cryptocurrency, but I believe centralized exchanges are bringing solution to that, although not everyone makes use of centralized exchanges.

verita1

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Investing in crypto is a risk but it is being the best alternative for any investor because Fiat no longer offers a return in sight, only it shows future inflation.

As for bitcoin, investors have entrusted their capital to digital gold as some say, thinking of a long-term investment.

There are several strategies to reach ROI with crypto, the fundamental thing is to take volatility into account and not panic.

If we learn from the big investors, we can realize that we all agree to invest in bitcoin for the long term. Take a look at this Tweet by Michael Saylor.

Quote

Shareholder value creation comes from holding an appreciating asset $ BTC over a long period of time. It is logical for every firm (both public & private) in the #Bitcoin industry to do the same thing Tesla is doing. Corporate treasuries should #hodl bitcoin.

https://twitter.com/michael_saylor/status/1374710466644226050?s=19

dunfida

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Quote from: Bilgent on March 24, 2021, 04:44:02 AM

The biggest risk in investing in a cryptocurrency is its volatility of course. You should be absolutely aware of the possibility that you can't lose all your money or things can go the other way around. Especially if you are investing in an altcoin which is not known by the majority, the risk increases more. One should be very careful because of these reasons.

One of the main things that you should really be watching on and thats volatility and if you cant bare to see your money to fluctuate then this market isnt for you but to think that
it can go ahead other way around which means profiting is also possible even with just simply holding thats one of the things that do really spark out some interest with crypto
specially if it do accepted on a certain business and sales or income doesnt really being converted out to fiat.

Dutchyyy

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Before investing in Bitcoin or other cryptocurrencies, you need to be aware of the risks. Some users consider the cryptocurrency to be the next "MMM" or so-called "bubble". Despite constant talk about it, the cryptocurrency continues to exist and has been actively developing for many years. Such money is not supported by anything, but until the government passes regulatory laws, investing in cryptocurrency is a profitable business.

There is a risk of losing investment due to a sharp drop in the price of cryptocurrency. Much depends on the predictability of the investor and his ability not to panic.

In many countries, there are no rules governing cryptocurrency trading. You cannot pay income taxes. In addition, there are countries where digital money is banned.

Bilgent

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The biggest risk in investing in a cryptocurrency is its volatility of course. You should be absolutely aware of the possibility that you can't lose all your money or things can go the other way around. Especially if you are investing in an altcoin which is not known by the majority, the risk increases more. One should be very careful because of these reasons.

Fredomago

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Quote from: sayaya17 on March 23, 2021, 07:04:27 PM

There are no trades or investments in crypto that are not at risk, all at risk, either investing in bitcoin or altcoins. A trader or investor will experience a loss
when he enters the crypto world. Perhaps one cause of loss could be because of trading on unauthorized exchanges or forgetting private keys. Coupled
with highly volatile crypto and fraudsters who are always lurking. Perhaps it can minimize loss by always being careful when going to buy a coin, do an analysis.

There are lots of factors and you bring some of it, when we say trading then we should know the chance of losing your position is very possible, with high volatility it can cause a much quicker time frame.

While in terms of securities where most of the time a trader lost a lot of money, hacking not only with the exchange but with your own wallet is also very possible while you are inside this market.

Risk without knowledge with the business that you are engaging is very dangerous with your investment.

isaac_clarke22

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Quote from: Kong Hey Pakboy on March 22, 2021, 02:21:15 AM

~

Ah yes like one of those new coin projects emerging lately.
They're arent' for the long-term plus the coin they make just got turned into a shitcoin.
They're not prepared for the volatility of the market, that's why this keeps happening to many coins.

sayaya17

sr. member

Activity: 1638

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There are no trades or investments in crypto that are not at risk, all at risk, either investing in bitcoin or altcoins. A trader or investor will experience a loss
when he enters the crypto world. Perhaps one cause of loss could be because of trading on unauthorized exchanges or forgetting private keys. Coupled
with highly volatile crypto and fraudsters who are always lurking. Perhaps it can minimize loss by always being careful when going to buy a coin, do an analysis.

emmybd

full member

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Merit: 112

Trading in cryptocurrency comes with its own drawbacks and some risks every trader should be abridged with. The volatility of the fluctuating market requires being extra vigilant about the affairs in the market.

Cybertheft is prevalent and is a concern for all traders in the crypto business. Once you have been hacked, there is no way to retrieve the lost crypto. This can happen during mining losses and exchanges. Misplacing the key to the wallet can aid this risk.

The lack of regulation in cryptocurrency is another potential risk that refers to no amount of tax being used for bitcoin trading which could hail a problem in competing with future centralized cryptocurrencies.

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