What are the Real Risks of Crypto? - page 12.

Yarex

member

Activity: 378

Merit: 11

Quote from: delarossa on December 29, 2018, 11:30:28 AM

People are too afraid of the high risks because they think that cryptocurrency is insecure and prone to crime. in fact they don't really know how crypto works and how the rules are. that is a reasonable reaction in my opinion.

In fact, the way it is. Cryptocurrency is a very risky business. Risks are associated primarily with fraud. A lot of new projects are cheating on their investors and stealing their money.
This is the main risk in the crypto market.

Denreal

jr. member

Activity: 784

Merit: 6

You might have a good technology, yet the coin will still dump. At this point, it is obvious that the people I'm the crypto space are the cause of dump. Sometimes, I still get baffled when people spread FUD on good coin with useful product and those who do not have much knowledge about what they have, still fall into the trap of selling cheap. This is how far the market can be manipulated.

andieoke

copper member

Activity: 301

Merit: 2

I think this Cryptocurrency is a very potential business, and behind all that there is a huge risk. The risk is, security for our money. Because this is open, we must be good at keeping our money from criminals or thieves. besides, the biggest risk of Cryptocurrency is that the value of Cryptocurrency is very volatile, so our money can decrease in value even in a very short time. Therefore, we must be prepared to face all that.

glendall

legendary

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Buzz App - Spin wheel, farm rewards

if I see the thing that makes the cryptocurrency the most risky is the price that always rises and falls very sharply, when going up it will be very fast and so will when it falls,
so this is what you should know and be aware of if you want to play in cryptocurrency,
and the other thing to watch out for is hacker attacks.

Kawshies

member

Activity: 328

Merit: 10

Real Risks of crypto is you have to be prepared for any condition that's going on like a loss, of fraud. Or the project that you're following doesn't work out the way it should. And a hacker attack could also occur.

rricksu

jr. member

Activity: 182

Merit: 2

Quote from: FearlessAndy on November 01, 2018, 02:12:58 PM

What do you guys think are the real risks of cryptocurrencies and are there any ways of overcoming them? I've attached a good article below that covers a lot of the solutions to what people consider problematic at the moment, and it essentially says most of the risks are down to the user and not the technology (i.e. lack of education). Am interested to hear your opinions.

The interesting article: https://medium.com/@DDhopn/what-are-the-risks-of-buying-crypto-ff1c991a6c83

P.S. I am heavily involved in crypto, just keeping an open mind

I think for me, the risk of cryptocurrency is that, when I am so addicted to it, it turns out that I spend almost most of my money into it. Not much sufficient for my needs, and what if some coins that we've invested to doesn't return any good profits?

CryptoToxicAvenger

full member

Activity: 644

Merit: 111

I think cryptocurrency has some risks, such as high volatility and unpredictability of the market. But in General, we have to think about our own actions. We must assess our own risks and be ready for anything. That is why it is necessary to invest in cryptocurrency only what is not terrible to lose.

delarossa

member

Activity: 392

Merit: 12

MINTER

People are too afraid of the high risks because they think that cryptocurrency is insecure and prone to crime. in fact they don't really know how crypto works and how the rules are. that is a reasonable reaction in my opinion.

NickoOrteras

jr. member

Activity: 196

Merit: 1

The cryptocurrency risk curve is its downfall because if the price drops in coins, especially the bitcoin will eventually lose the cryptocurrency and another is token holders and investors because if bitcoin hits them they are blunt.

KKH84

full member

Activity: 602

Merit: 100

Quote from: Idoe on December 18, 2018, 08:50:07 AM

One of the big risks of crypto is losing, so many people invest and at the wrong time then there is no patience and throw and leave crypto.
This unpreparedness is fatal and feels like a failure.

You're right, friend, the lack of experience in trading will have a bad effect, by looking for sources of information about crypto will provide vigilance to the state of the exchange from now, later and in the future.

great.crypto.finansist

jr. member

Activity: 140

Merit: 1

In my opinion, the risk of crypto is that a bad impact can have just how long the period of instability and the fall of the crypto market will last. If the whole 2019 year is not interesting for investors, then we can lose the crypto.

Hamphser

sr. member

Activity: 2604

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Vave.com - Crypto Casino

Quote from: qomariah95 on December 25, 2018, 10:20:30 AM

A big risk in crypto is probably a loss, if you play in trading (buying and selling). Because if you are inconsistent or selfish, you might lose a lot of money. That is probably one of the risks in crypto. There are very many risks in actual crypto. But I explained just one.

On any investment then risk would be always there. As long you do risk up money just to earn money then its always been accompanied with risk even the simpliest decisions in life do require it.

Quote from: sangalangdavid on December 25, 2018, 10:42:56 AM

There are many risks when it comes to crypto especially being scammed. If you are not careful and wise enough, your investment would be wasted or lost in a matter of few clicks.

Being scammed or hacked is always been the risk aside from losing money.So there are lots of things to be spot on if you do like yourself to lessen such loss.

sangalangdavid

full member

Activity: 443

Merit: 100

https://streamies.io/

There are many risks when it comes to crypto especially being scammed. If you are not careful and wise enough, your investment would be wasted or lost in a matter of few clicks.

qomariah95

full member

Activity: 1190

Merit: 100

A big risk in crypto is probably a loss, if you play in trading (buying and selling). Because if you are inconsistent or selfish, you might lose a lot of money. That is probably one of the risks in crypto. There are very many risks in actual crypto. But I explained just one.

Goodvalony

member

Activity: 616

Merit: 16

loads of Risks are involved in the crypto business. just like every other financial business. there are ups and down. if you are not profiting, you will be loosing. in crypto, you need to do your own research before investing. try and seek out from your(financial adverser)if you have any. also try and reach out to professionals before investing.
the risk involves is that you will lose your money when you invest in scam project.

Stervyatnik

jr. member

Activity: 249

Merit: 1

Cryptocurrency will always be subject to risks, and I am 100% sure that they are not always associated with people!

chakhigh

member

Activity: 616

Merit: 10

FRX: Ferocious Alpha

I think the real risks of cryptocurrencies are loss of one's investment when he doesn't know the good/bad project. Plus, I see high price volatility as something negative for short-term investors. But, it is no problem for a long-term holder. Mostly, there has to be a stable price solution for the volatility issue. Gigzi is one of the best solution, IMOP. It uses "tokenized precious metals" model to make its crypto-assets more stable in the long-run.

kiranarora

newbie

Activity: 84

Merit: 0

There is no risk to be seen in crypto buiseness in right way. For this, work should be done in a smooth manner.

KOF97

member

Activity: 359

Merit: 10

Fast, Smart, Trustworthy

I think the biggest risk of crypto comes from hackers. Almost all major exchanges have been attacked by hackers, which has led many to question the security of crypto.

wxganz

member

Activity: 350

Merit: 10

Thank you for the good article. I agree with you. People make business! This principle also works in the cryptro
industry. WE are to blame for the fact that we can not imagine cryptocurrencies without speculative properties. We are to blame for the fact that we do not develop new properties of the blockchain. And we are to blame for the fact that less and less people believe in cryptocurrencies. Since we create ICO scam projects. Of course there are risks as in any business without risk is impossible.

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