is crypto industry dangerous ?

[HaekalZ]

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

everything in this life has a risk, i can't say crypto industry is dangerous, it depends on us, we should be careful and be selective before we invest or buy some altcoins in cryptocurrencies, if we do that, at least there is only low possibility that we can lose our money.

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[Primal6666]

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 is not the crypto currency itself that is dangerous, but the possibilities of its use. Just like a hammer is dangerous because someone can use it to break someones head, but fortunately, most use it to build homes. Money laundering, terrorism, criminal activity, drugs, funds stealing - are main reasons why some governments are trying to block it. And don't forget that cryptocurrencies can broke traditional credit systems, so much credit organisations will loose their income, and i think they are lobbing, restrictions of cryptocurrencies.

[rodel caling]

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 not i stand of my words because in my observation and analysis some country attempt ban bitcoin and the whole crypto currency but after a months they open arm again to accept crypto as legit currency because they realized how much important cryopto's to help for their economy and to help from the people unemployed because crypto currency gives great job to people have knowledge in the world of computer science.
example if i'm not wrong australlian government ban crypto after long time learning and studying by officials now crypto treated by the australlian gevernment as money.

[arunakiran]

I don't think anything dangerous in crypto world, but we need to be careful from hackers. do not share all the details like private keys etc. Otherwise it may cause to danger.

[netadacadug]

Hey bro, i think nothing dangerous about crypto if you join with out capital, the danger is if you invest ah big amount of money and then the ico, or project etc., that you have invested is scam that is the danger, coz we dont know who is that person manage about it, the other one is if the person use crypto for bad purpose also danger,.

[CopMom]

What makes the cryptocurrencies so dangerous is that so much profit comes from this market if it is invested properly. But besides, the risk from the investment cryptos is substantial, if you do not have the knowledge will ensure a considerable loss. The government's ban on cryptos does not affect its attractiveness to investors.

[face.angry123]

Cryptocurrencies – a phenomenon that has not yet had analogues, so it is necessary to very carefully approach the use of different aspects of the crypto industry in the life of the state. Crypto is also subject to speculation. Therefore, the decision on the use of cryptocurrencies in the country's economy can not be simple.

[eriwis]

Some countries are really at war with terrorism and illegal crimes between countries. They have blocked many assets in an effort to combat it, so it's only natural that bitcoin is considered an enemy.

[Treasurer]

The crypto is not understood by most people, where it came from, what is secured, what will happen next. All these questions make us afraid of the crypto.

[zchprm]

yes it is a dangerous and highly volatile world and industry

[pazzanegro]

Yes, its really dangerous and you can loose all your funds because of phishing, trading and scam projects. I would advice everyone to be careful here

[paxmao]

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

By dangerous you probably mean risky. Risk is the effect of uncertainty, that is, it can be a positive or negative surprise. Crypto is all about risk, but remember that with risk also comes opportunity and reward.

[vinasky]

Countries do not receive income from the crypto currency, and therefore do not legalize it
Cryptocurrency is not dangerous, it's just hard to regulate it.
Taxation is one of the solutions to the legalization of the cryptocurrency

[Jaya912]

crypto currencies are still new in people's world. and in some periods the prices change rapidly as the balances change. in these cases investors began to think that the crypto money industry was in danger. But such a situation is impossible.

Price of cryptocurrency which is so fluctuate make people think that crypto is dangerous. Up and down so deep also one of the reason but its not the only story.  I know cryptocurrency is really dangerous specially for new people who dont have enough knowledge so please make yourslelf knowledgable before doing trading.

[Eraldo Coil]

Crypto Industry is not just dangerous, but it's also risky knowing the volatility of the market, existing hackers, scammers and such factors that might let you define crypto.

But that's the downside of it, let think the upside of it.

It's profitable, free from government taxes, self control on your coins that you hold and such.

[alrez]

Decentralized crypto systems are feared by certain countries, they are concerned about tax fraud, worry about Cryptocurrency fraud, hacking crypto and crypto misuse for money laundering. We should be more focused on technological advances in finance, and we should seek a way out of the above worry so that things do not happen we do not want.

[Fedoracoins]

I don't know why crypto is considered dangerous. Perhaps because new and inexperienced investors have lost a lot of money on volatility.

[GDragon]

It is not that dangerous, it is all about the decentralization of it so it means we are free to do anything without informing anyone. Likely county without a proper law. Some government against of it because they can't have the power to control it.

[laracrofth]

It is not dangerous - it is a new technology which will turn world round, people are not educated about this and they are scared so that is why they may think it is dangerous.

[wabashky]

I think crypto currencies are still new in people's world. and in some periods the prices change rapidly as the balances change. in these cases investors began to think that the crypto money industry was in danger. But such a situation is impossible.