List of risks investing in cryptocurrency

[drwhobox]

People are loving cryptocurrency.....
but on the other side of a coin
it must have many risks
list all the risk and make people's aware///////////

This topic has been here for many times. Yes the cryptomarket is really volatile you may earn or lost potentially 20% +/-  DAILY Depends on what is really happening in the real world. You may still earn a lot from long term investing with cryptoes. there are a lot of panic selling happening this past days/months due to regulations and trading sites starting to ban and getting verifications from their users  which makes the small traders and panic sellers start to dump all of their money into fiat.

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[jvdp]

People are loving cryptocurrency.....
but on the other side of a coin
it must have many risks
list all the risk and make people's aware///////////

If you want to invest in cryptocurrency everything should be risk. Because this is digital currency so it is always risky. If you want to profit in investment you should take some risk else you don't get profit. I think all the cryptocurrency also risky investment so I don't list out the particular coin. In current scenario all the peoples are analyse the best coin so peoples are always aware in crypto market.

[RonJohannson]

The biggest risk is the lack of regulation.  It's what allows these pump and dump scams to exist. It also allows Chinese whales to seriously manipulate the market, setting up selling wallets, etc, it's basically the Wild West.

It's wonderful when you hit one out of the park, but on the downside, it costs people a lot of money.

also, to me the next biggest risk is the lack of resource if you mess up and use the wrong address when sending coins around.  For example, even if you're off by one letter, you could lose all of your coins in transit.  That is a HUgE risk that people don't talk about enough, I've never sweated the copy and paste function this much!

[khaled0111]

People love cryptocurrency just because it can afford them a good income, few are those that really believe in cryptocurrency and try to improve the technology behind it.
Cryptocyrrencies are widely traded and the market cap volume is really huge but we don't see many shops or places where we can spend this currency.
The risks are high because of price flectuations, it is a common problem between all markets not just the crypto market.

[micky mou]

If someone steal your wallet with your bitcoins inside, who is the authority that is going to act for that consideration? Actually, none because bitcoin is free of authority which is a good thing and bad thing also. For example, when Mt Gox. went to bankruptcy, no one took care of thousand of people which bitcoin was stolen (according to them) and the japanese governement, even that took actions against Karpeles and the company, wasn't enough to fulfill the situation.

[gabmen]

Here's the thing, he risks are probably also what makes crypto appealing to many people. Volatility, anonymity, decentralization and none regulation pose risk to any investment, and curiously these are also what people find attractive and what draws them to invest.

[bit-freedom]

The first risk I can think of is scams, it is happening daily to scam users of their crypto currencies. The other risk is pump and dump, people tends to buy when coins are pumping and became a bag holder when the coin dumped on them.

[nikjain422]

People are loving cryptocurrency.....
but on the other side of a coin
it must have many risks
list all the risk and make people's aware///////////

Investing in cryptocurrency is altogether different thing from investing in normal market.There are many risks that one needs to take in order to get success in this field.First and the foremost risk is you can't physically see or touch your money so you can't protect it by your self and that means you have to rely on some others like digital wallets to protect your money.In this their is huge risk hacking and frauds.Here you are dealing with some alien currency which is not accepted by your country's government.Trading done with various markets have difference in price and so you can't have proper trust on exchanges too.This are few bigger risks but with that there are many small danger that you have to overcome like frauds in withdrawal,Bettings etc.

[HashieNewb]

The first risk I can think of is scams, it is happening daily to scam users of their crypto currencies. The other risk is pump and dump, people tends to buy when coins are pumping and became a bag holder when the coin dumped on them.

The scam is only a minor risk in investing in coin. The major risk is the whales, they can dump the coin and leave you with nothing.

[micky mou]

Due to the lack of government control, terrorists and extortionists are also utilising the cryptocurrency space to their advantage. “Bitcoins users on either end of a transaction can remain relatively anonymous and cybercriminals have found ways to mask their addresses, so it can be difficult for government authorities and companies to trace such illegal activities

[ichanjay]

Every investment is a risk. Stocks, Forex, Crypto. JUst like what everyone always says, Invest only what you can afford to Lose. But the greater the risk the higher the reward

[dan123abacco]

Risk in bitcoin includes fluctuations in its value so its highly risky to hold your investments for too long. Another risk is there are so many phishing sites and scams that can convince you to join them. So be careful and study all the topics related about bitcoin to minimize the risk in earning bitcoins.

[zentdex]

Let me take a quote from Muhammad Ali that says "He who is not courageous enough to take risk will accomplish nothing in life". In our like we always take a risk, even driving to work and home is coupled with a risk. The same way on how to earn money, we take all the risk in order to be rewarded someday, but what important most is that you should know how to managed your risk. If you dont have enough money to buy a food everyday don't risk that money to dive intro crypto.

[Kakmakr]

There are risks, but it is manageable if you acquire the knowledge to do that :

1. The Bitcoin price is very volatile for Merchants. < Merchants can use payment processors to mitigate the risk >
2. The Bitcoin price is very volatile for Traders. < Traders should buy low and sell high and ignore short-term volatility. >
3. Third party services can be hacked. < Do not store large amounts of coins in third party services >
4. Governments can Ban Bitcoin. < Use Black market & Dark Web, if they do >
5. The technology might be too difficult for people to understand and they might make mistakes. < Do more research >

Those are just some of the risk and the strategy to mitigate those risks. ^smile^

[xsudo23]

The risks of Bitcoin are panic selling, decrease in the value due to some country banning Bitcoins, you can get scammed online while trading/loaning if you don't take precautions. Up until now Bitcoin has always recovered and continued to grow further. The fluctuations in the value is one of the reasons why Bitcoin is appropriate for investment.

[Protected101]

There are always a risk in cryptocurrency especially in terms of investments ,high or low atleast you try.There are some instances you can encountered scams but despite of that as long you know how to manage well your money and know what kind of trading or market you were joining ato avoid those scams in investing.

[sugihe]

People are loving cryptocurrency.....
but on the other side of a coin
it must have many risks
list all the risk and make people's aware///////////

The first risk that we can make us cry is lossing the money because this investment is high risk high return.
However, as young people, i like to have high profit so i am ready with high risk.

[metenjean]

If you dont have any knowledge about your investment or what you're investing in then you surely got lots of risk, but if you did your homework by researching the ICOs and projects then at least you're decreasing your risk of losing money. The main risks about cryptocurrency or investment is mostly losing money, not to mention if you gamble your whole life or even your pension fund then it might make you do suicide  . And other notable risks i experienced is wallet being hacked, its not about losing the investment or money when these ICOs dropped. But it was stolen, that really a risk that everyone should be aware of.

[gordeevaar]

Biggest risk is that prices are volatile, this means that you can loose all your money in one go.