What are the Real Risks of Crypto? - page 3.

bitcon

legendary

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Quote from: voxdu12 on January 26, 2019, 04:31:50 PM

There are many risks, can steal all your savings, investments in cryptocurrency, you can lose everything if the project you invested in turns out to be a scam, a state ban can be, and much more, there are many risks.
The main thing to believe that none of this will happen

At the current period of time we see that Bitcoin is falling. Of course tha is pity thing. And it is difficult to say how long this fall will continue. I think it will last another two weeks at most. And then the growth will begin.

dimastegar

sr. member

Activity: 798

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Small Trader

The most obvious risk is that you can lose your coins. Because crypto is not backed by law, lost coins or lost private keys cannot be returned. So always pay attention to the address before sending a coin.

mcTether

jr. member

Activity: 238

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

The greatest or number one risk of cryptocurrency is the fact that it is unpredictable. That is the reason your portfolio can worth 5,00 USD today, and reduce drastically to 1,000 USD within 24hrs. So volatile.

lutfi-hasan

member

Activity: 336

Merit: 10

There is a huge risk in Crypto, one of which is a large loss due to a very rapid decline in prices so that when a beginner investor is advised to learn more about the Crypto world, because the risk is very big.

dabenko

member

Activity: 280

Merit: 11

The real risk of crypto currency is nothing far more than our ignorance.
What you already know is yours.
So most times, we fall victim, because we do not know.
Most times, those who make good it big, achieve that fit, because they know.

centhiniz

member

Activity: 292

Merit: 10

Harmony for One and All

Quote from: bohboh on January 26, 2019, 04:40:33 PM

In any type of business, there's always risks and if you are smart enough, you know a way of minimize your risk.
Cryptocurrency can make someone a wealthy person if you follow the rules and you are patient enough, you are going to be successful at the end.

yes indeed the risk is always in all businesses including crypto, in my opinion the biggest risk in crypto is the large number of frauds that occur and we cannot report to the police because there is no legal guarantee from the government, everything can be overcome but if there is a loss, we must handle it ourselves

BTCreward

full member

Activity: 574

Merit: 100

Have risks cryptocurrency quite a lot, so if you have decided to invest in cryptocurrency, the first is to think as if you need it. In addition, now the market is falling down, so I do not think that it is worth investing in cryptocurrencies at the moment.

ataki

full member

Activity: 602

Merit: 100

The risk for cryptocurrencies is that it hurts too many interests and there will be a lot of obstacles on the way for mass adoption. Governments and the financial sector will do everything not to lose their control over financial transactions.

Saisher

full member

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Some part of your articles are correct people do not really have a goal and a strategy in investing, they just want to invest because experts said so that this coin has a potential in the market, they just go pick the coin right then and there without knowing the technology underlying it, mostly failed ICO which is just a duplicate of already existing one.

ka4ok1331

full member

Activity: 546

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EndChain - Complete Logistical Solution

The real risk comes when you invest your last savings. Especially when you invest in a project you don't know a thing about

akram143

full member

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★777Coin.com★ Fun BTC Casino!

Quote from: Coinmyjob on January 26, 2019, 04:45:05 PM

Quote from: kerzhake on January 26, 2019, 02:49:03 PM

I really believe that cryptocurrency has absolutely no risks and questions only about the time when its subject is the whole world.

All those who over the past year and a half lost a lot of money and almost certainly even part of the funds can not return, they you clearly do not agree

The main thing is we don't know how much the profit is and when did we get the profit from an investment this two things gives the tension and makes you more risky more than any other field this will be the main problem and also be the good thing in this market

Coinmyjob

full member

Activity: 448

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MenaPay - Crypto made easier than cash

Quote from: kerzhake on January 26, 2019, 02:49:03 PM

I really believe that cryptocurrency has absolutely no risks and questions only about the time when its subject is the whole world.

All those who over the past year and a half lost a lot of money and almost certainly even part of the funds can not return, they you clearly do not agree

bohboh

jr. member

Activity: 499

Merit: 1

In any type of business, there's always risks and if you are smart enough, you know a way of minimize your risk.
Cryptocurrency can make someone a wealthy person if you follow the rules and you are patient enough, you are going to be successful at the end.

voxdu12

member

Activity: 322

Merit: 10

EndChain - Complete Logistical Solution

There are many risks, can steal all your savings, investments in cryptocurrency, you can lose everything if the project you invested in turns out to be a scam, a state ban can be, and much more, there are many risks.
The main thing to believe that none of this will happen

Osamede

jr. member

Activity: 55

Merit: 1

The real risk of crypto to me is the possibility that a critical bug could fatally cripple a project and cause people to lose confidence on the project. The blockchain is still relatively new and we have not fully explored its shortcomings

tinkerr100

newbie

Activity: 35

Merit: 0

Quote from: kerzhake on January 26, 2019, 02:49:03 PM

I really believe that cryptocurrency has absolutely no risks and questions only about the time when its subject is the whole world.

But what about the risk of losing everything? After all, it is unstable. At any time, can take off or fall. This is the main risk. Huh

kerzhake

jr. member

Activity: 182

Merit: 1

I really believe that cryptocurrency has absolutely no risks and questions only about the time when its subject is the whole world.

Azuliand

jr. member

Activity: 336

Merit: 1

Quote from: 10c on January 26, 2019, 01:36:15 PM

Quote from: Red_Evil on January 26, 2019, 01:11:40 PM

because what we invest has no real form and we don't know the background of the people we have to trust to invest so that's what makes cryptocurrency very risky.

cryptocurrency is now a very risky asset because it is not a regulated market and it is extremely volatile

But I think and are attracted to come here people as there is a lot of money in this direction , I think the risks are of course huge , but we should investirovat and then you will not panic on the market , this invest the money that are not afraid to lose

Proc.dev

full member

Activity: 287

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Quote from: letyouearn on January 26, 2019, 01:17:24 PM

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

One should remember about the 51% attack risks. As we understand now, this is possible enough to be always kept in mind. I still don't understand how to avoid it if we are talking about altcoins... This looks very serious.

Already there is a solution that allow to avoid 51% attack. Read about Komodo project. Also several cryptocurrency project implements that protection. Here are several of they SUQA, HUSH, etc.

charlop24

copper member

Activity: 560

Merit: 2

The cryptocurrency space is faced with so many twisted and corrupt practices and that makes it difficult for one to know fully the extent of risk in the industry. The obvious risk the ability of one's wallet to be hacked and every coin stolen. Even the most secured wallets could be hacked. Hacking of cryptocurrency exchange is on the rise lately and its quite worrisome.
Another obvious risk cryptocurrency Enthusiasts are exposed to, is the volatility of the market which could render one broke. The extent and urgency of the movement in price could be unpredictable.

Topic: What are the Real Risks of Crypto? - page 3. (Read 22075 times)