is crypto industry dangerous ?

[bitcoinmasterlord]

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

If money laundering and illegal black market trade are your concerns, then yes, this industry is dangerous.
The government of different countries keep banning it because they see it as a threat to the national economy and security. It makes easy for people to do illegal things since payment is made using cryptos.
As a user, it isn't dangerous. The only risky part is the high volatility and fluctuations in price.

We have both advantage and disadvantages in the crypto world, but like you said it is decentralised money our governments can't track this crypto transaction and yes many people are using it for illegal things like you said money laundering, funding to terrorist activities, saving block money in cryptocurrency, buying drugs etc. it is really affecting to the country economy and security. so if you look like this then yes crypto industry dangerous.

[Houseman]

Crypto world is dangerous as there are still a lot of unknown area, but the most dangerous part i think is people greed that makes crypto so much success.

[Ostonian]

Crypto itself is still very young and can bring big problems, since this sphere has not yet been fully explored. Similarly, the government of many countries are a danger to the development of crypto, because they see this as a threat.

[AbyssLagiaz]

Not dangerous for us, in fact it is really beneficial for us that we're using its unstable price as an advantage for profit. It is dangerous in the eyes of those higher officials who has yet to hear about cryptocurrency. It is the activities involved with cryptocurrency, and it isn't just about the illegal things. It is also about how people get profit from it without getting through so much legalization or taxes imposed by the government.

[turkmachiavelli]

It is very normal because Every country firstly look own interest so Crypto market effect badly to a lot of country about interest. But they can't block this technology. They just can delay to gain time.

[NeedIfFindIt]

Why is it dangerous? - simply because if you are putting your money in the wrong place with wrong people who are waiting for someone not worried about anything, the bad people will scam you. 

[PX-Z]

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

Using cryptocurrency becomes dangerous if someone used this as a method of payment for criminal activities because of its untraceable transactions. And because of its high volatility that is hard to predict of anyone, that can cause of losing a lot of money of some investors who lack of knowledge about its market volatility.

[Treasurer]

Crypto is a new financial direction. Manage cryptocurrency is not taught in institutions. In the governments of many countries, there are simply no people who understand what a crypto is and how to control it. And even if there are people who understand, they still need time to create a legislative base.

[sserge009]

Crypto definitely poses a threat to bankers, financial whales and corrupt governments. Now there is a double situation, on the one hand, the dangers of crypto for a conservative financial system are obvious to all participants, on the other hand, the advantages of blocking technology are also indisputable.

[santiPOGI]

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

Crypto is very dangerous, this community is a danger zone.
You need to bring your knowledge with bitcoin and alternative coins as a weapon to survive here.
If you dont do it you will be a loser.
this field is a knowledge base to survive. never put all your money in this.

[Sagitta_A]

Not such many countries indeed prosecute use of cryptocurrency, for the reason of they cannot control or even trace of transactions. Actually, the most of developed countries embed crypto into their economy system. Moreover, they introduce new school subjects dedicated to studying of cryptomarket and even write dissertations about cryptocurrency fenomena.

[sadwage]

crypto is dangerous if you use it in illegal transaction or illegal business like selling drugs and other black market transaction that's why some other countries banning crypto currencies because crypto is transparent.

[meldrio1]

It's dangerous because some countries think that these cryptocurrency will down their economy that's why they ban cryptos and many people will loss their money if they don't have knowledge about crypto.

[saycryptohello]

It is dangerous if you do not understand what you are doing. Cryptomarket is very risky and it means that you need to make only informed decisions, not to give in to emotions

[Vladv26]

Every industry is dangerous in the hands of the wrong person. From my opinion crypto industry is not dangerous at all, of course depending how and why people use it. There are people who use cryptos for illegal things but I don't think this should affect us if we are using it for our legal purposes and we respect all the rules.

[delarossa]

Actually harmless, but whose name the world of cryptocurrency is full of risk, whether big or small must still have risks. Because the selling price of cryptocurrency that tend to fluctuate cause people to lose money if one step. You should think carefully before investing here. If sure please continue, but if in doubt better keep your money.

[Smeilz2017]

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

Hi, I think tt is a quite obvious, that BITCOIN has a bad reputation. The decentralised digital cryptocurrency, powered by a vast computer network, is notorious for the wild fluctuations in its value, the zeal of its supporters and its degenerate uses, such as extortion, buying drugs and hiring hitmen in the online bazaars of the “dark net”.
This is unfair. The value of a bitcoin has been pretty stable, at around $250, for most of this year. Among regulators and financial institutions, scepticism has given way to enthusiasm (the European Union recently recognised it as a currency). But most unfair of all is that bitcoin’s shady image causes people to overlook the extraordinary potential of the “blockchain”, the technology that underpins it.

[carlisle1]

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

Yeah,this is dangerous to those buttheaded human,but if your not then you can earn good profit here,banning of some countries meaning this is a danger to their people,sometimes they banned crypto because they are cooking something in return,maybe laws or policy that will put in cryptoworld

[crypto228]

Countries are afraid of anonymity, of course. It will greatly simplify the possibility of money laundering and so on. But I think that it will be impossible to prohibit crypto-currencies and that those countries that are the first to allow crypto-currencies

[invo]

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

cryptocurrencies can be also used in any illegal actions or any illegal transactions, it might be used also to scam other people by launching ico and any kind of investment, some countries banned bitcoin to stop those reasons.