is crypto industry dangerous ?

[ARss88]

Investments here are just open to so many alleys and factors that could make you lose your capital, which is primarily the reason why it is risky.

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[digiadven]

They are not dangerous actually, peoples say it because they enter crypto without knowing the risk and then after they are losing money then they say its dangerous. As long you know how to play the game then it won't be dangerous.

[sjbi]

To some extent crypto is dangerous, as it is manipulated, and carries a risk of money laundering. Because of these risk factors, many countries are considering regulation, which is I think a very much good step, in stabilizing the crypto and giving security to the investors. Investors have to be very careful before going for the crypto train.

[daenarys_stormborn]

the industrial crypto is considered dangerous for a country and government because, crypto is very anonymous, so it is potentially used for negative things, such as illegal arms trade, drugs, prostitution, terrorist financing, money laundering, and other criminal payments, crypto is considered very difficult to trace, so the government does not want to take that risk

[supelle.born]

The crypto market, like any other variable income market, is actually subject to equity losses and there is no certainty of success.
So it can be said that the market is somehow dangerous to investors, especially to those who do not see the risks associated with the market

[websing]

There are many reasons why people say that the crypto business is dangerous, just outside people about how they manage and how they use it. But the dangerous thing in the crypto business is very less when we compare it with the total good crypto contribution to the community, and more so in the development of the world economy.

[Mt. Dempo]

this is just a misunderstanding, I think the crypto industry is not dangerous, just a lot of people who do not know and do not understand trying to luck in the crypto industry. from the beginning the danger can come, we do not understand but want to  high profit and get rich quickly in one night. can you imagine, because their greed is the danger of coming and making them lose.

[Tiigon]

which makes the dangerous crypto the one who always thinks negative, and the person who is always doing fraud against the world of crypto, so that his victims mention the dangerous crypto, and this crypto world has no physical proof unlike gold Thank you

[evlogii]

this is just a misunderstanding, I think the crypto industry is not dangerous, just a lot of people who do not know and do not understand trying to luck in the crypto industry. from the beginning the danger can come, we do not understand but want to  high profit and get rich quickly in one night. can you imagine, because their greed is the danger of coming and making them lose.

You are right, most of the fears of governments are baseless. One of the most common fear is that bitcoin is some scam or ponzi and thus some countries wants its citizens to stay away from it.

Most of these are developing are developing countries where the leaders failed to understand the benefits of crypto.

[metalglowd]

i want to know what makes the cryprto dangerous? to the point that many countries band the use of crypto in their countries. I want to hear your opinion

it really dangerous, cryptocurrency is full of fluctuative and speculative price manipulation inside, however its high risk. i think that's why in some country, crypto were banned. if government use crypto as their country financial investment, it will ruined those country, even most of Bank didin't recommend this one

[konomi]

I think cryptocurrency is dangerous. Financial products are certainly risky. It may be affected by the economic crisis and it may also be the trigger for the economic crisis. This cannot be determined. In short, investing carefully.

[kskwerl]

this is an uncontrolled cash flow. States cannot receive taxes from this and lose a lot of money. this can make use of an unlawful organization, criminals etc is dangerous from the point of view of financial fraud and money laundering. the reasons are many

[Sanjida]

Yes that's true crypto industry is dangerous.but the only reason that a lot of people are embarrassed to invest in cryptos.and its also difficult that almost all your incomes are gone.

[nieninja53]

Cryptos are so risky because there are unexpected movements, Due to bitcoin unstable price it is affecting to the other altcoins that are why all other altcoins are affected when bitcoin price get good then you can watch the good profit from it but with the market condition it will be risky in trading,

[sapu jagat]

Some countries do prohibit the use of crypto for transactions. Because with the existence of crypto in their country it will be dangerous for the conventional banks that exist in their country. People will switch to using crypto and no longer use banks for transactions, banks will experience a decrease in income. Supply for government is reduced.

[Bonsaiav]

i want to know what makes the cryprto dangerous? to the point that many countries band the use of crypto in their countries. I want to hear your opinion

Of course it is dangerous, for those who are unfamiliar don't understand how the crypto currency works and its luck, as the government feared in many countries.
I thought cryptocurrency's very harmless for those who understand the workings of cryptocurrency because they're able to use it as the source of income number 1.

[zacad]

I think that the danger of cryptocurrency is that it has too many uncertainties, because network data is a place full of loopholes! There is hacking, data loss, etc.!

[alexberezov]

As I believe, most of all the crypto industry is dangerous for its ability to make anonymous and fast payments

[novogum]

i want to know what makes the cryprto dangerous? to the point that many countries band the use of crypto in their countries. I want to hear your opinion

I think the fear of States losing control makes the crypto industry dangerous. Another cryptocurrency is very volatile and therefore you can lose all your money on it, but you can also get a big profit.

[imToken]

I don't think cryptocurrency is dangerous. Each country can have its own cryptocurrency and all are independent. If the cryptocurrency is afraid of hackers, then the cryptocurrency should have been zeroed. So you can rest assured that there is no problem with security.