Topic: What are the Real Risks of Crypto? - page 18. (Read 22086 times)
The risk of holding less quality coin is that you get the value of your coin depleted over time. And you can also be stuck on a coin for sometime because it take development for a coin to gain value!
no problem for users there will be no market trend, someone should lose in this game.
In my opinion, risk in crypto is due to many factors: attacked wallet, due to market crisis suddenly, due to lack of knowledge, experience of crypto ...
Of course there is a risk, which is definitely going up and down, that will certainly happen in the world of cryptocurrency and that is one of the risks, still be wise whatever it is
In my opinion, the real risk of crypto is when participants are not ready for knowledge, experience and hasty decisions. In addition, market volatility is also a factor for risk ...
I would say that the major risks of crypto are in legitimacy issues of rougue tokens, and of obsolecence caused by superior competitive currencies doing what your initial coin did only better. The volatile nature means that as well as generating large fast profits in a bill run they can also drop in value by up to 99% at times also.
The main risk lies in the man himself. When he invests his money, fear and greed lead him to lose his deposit.
Risk are always intact with investment and combined along the way. Especially in this kind of field, which crypto shows a volatile movement of market. I think it will be better to study first before diving into a risky business like this. The article you shared is good source and must a read for newbies but the content always not be the same. Sometime risking is also need brain work, we can relate it to war that needs tactics to win the game.
I think that the real risk is not totally with cryptocurrency but it's the lack of knowledge for people participating in doing investment with zero knowledge. People should have basic knowledge capable of understanding the market trend and the capability to do research on a particular coin for investment. With this, I believe the risk may anyhow be lessen if you have the knowledge and skill to do analysis about the cryptocurrency market condition.
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 by coming in cryptocurrency with half baked knowledge about it could be the real risk here, cause the tech in cryptocurrency is keep on increasing and there will be something new anytime and many altcoin that are created from time to time, event that the real deal of just a fake one.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
SO we had to gather as many information as possible and keep on learning to really know the risk in this crypto world.
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
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 somehow agree with your post that most of the risks are because of users and not the technology itself. Well any innovation no matter how advance it may be will always have its flaws, but users must be responsible enough to handle those flaws since it is an s.o.p already that before you go and jump with any venture like cryptocurrency one must be equipped with knowledge so he would know how to handle certain risks. I could say that the very worse risk one may undergo is to lose his money and/or investment capital with icos and others like crypto trading.
The most prominent risk is losing investment in crypto, this is already a lot of people experiencing, so it's not surprising that many people are disappointed and choose to leave. For those who never give up, they will continue to explore crypto, so they are able to produce.
The risk is not caused by the users, it is due to the effect of built-in characteristics of the cryptocurrency which is decentralized and unregulated. It's hard to put the blame to the user, knowing that the technology accompanied in cryptocurrency also has some setbacks and lapses that need to be resolved. When these issues wod have been resolved, I think every thing might follow.
cryptocurency is a technology that may mean the risk that arises for people who use the cryptocurency, in this case investors and devteams, according to me the risk is to go against the law with all the consequences for those who are not legalizing coins the second is loss of capital or loss.
In crypto world you can tell that the higher the risk the higher the reward that's why a lot of investors fail because they take risks in investing into crypto specially into icos. Since the crypto boomed and made noise last year many were encouraged to invest in the market without knowing what the market is all about. Greed is one of the factor that will trigger into making risks.
the most obvious risk is that Crypto be deepening sometimes underestimated by many. many are always in a hurry will crypto and this is a bad thing. as a result, the market is very volatile and full of this scam will be hard to evolve with the circumstances that exist.
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
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
IMF said that cryptocurrency doesn't have any significant risk to global finance. However, in the side of retail investors, especially to ICOs, utility tokens are in high risk, since almost those tokens cannot be applied to any real business and human-life activity.
I think the real risk in the Crypto world is that if you invest your money in crypto and experience a bad market like now, of course, you will experience losses and in my opinion these losses are real. that's the risk because Crypto's price is very unstable.
It is probably quite difficult to find and explain the real risk of the use of Blockchain technology in Cryptocurrency. I think all risks are on the user itself, as we know that crypto currency is p2p transactions that free from any institutions or entity in the transactions. So, nothing an authority want to take responsible for any transactions. Therefore, the best way to minimize and anticipate the risks by much reading towards much better understanding about Crypto. The lack comprehension and knowledge about Crypto will be a big problem and cause risks.
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
It is true, the lack of education with regards to crypto really contributes to the risk of user to lose money. In my opinion, cryptocurrency is not risky and i view it as an opportunity for an individual to get out of financial slavery. Volatility is the number one thing that a new user of crypto must study and know how to work around it. 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
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