is crypto industry dangerous ?

[Omooba098]

Tell me what is not dangerous in this life. Honestly speaking, every aspect of our life and everything we are doing are dangerous and risky. Change is the only constant thing in life. Do you believe that fiat currency is dangerous than cryptocurrency?

[GWS My Boy]

may not be dangerous, but more precisely  at high risk. which  makes crypto a  high risk  is because  crypto has no  regulation so the price of crypto is very volatile

agree, it is very risky in the sense that it is not dangerous, because it means risk is the price of the crypto itself is very fluctuating, then the number of frauds in the name of crypto for profit only and for now there are still many countries that prohibit the use of crypto for transactions, but the risk is very meaningless because the fore all the paced use of technology so would not want to use crypto as currency for payment in the world

[testadimerlo]

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 dangerous because it is not regulated. It is immensely profitable for the same reason. Things now are changing

[Alisha FR]

the ban on cryptocurrency industry in the world by some countries is caused by several things:
1. the state's fear of the effects of cryptocurrency resulting in the loss of sovereignty of its currency
2. does not have a good system in the blockchain of a country
3. can not control the existence of cryptocurrency
4. The country is still in a dilemma with the financial crisis and the country is still hit by a crisis of war and terrorism

[hamdun]

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 not dangerous, it's all about decentralization, so that means we're free to do whatever we want. Some governments oppose it because they can not have the power to control crypto.

[myortvyje]

The danger of the encryption industry stems from people's greedy figure overnight and they are tempted by scams. In order to protect blind investors, the mainstream media is constantly promoting the danger of this industry. In fact, it is no different from other investments.

[Merdeop]

Countries prohibit cryptocurrencies by and large due to the fact that a lot of money will not be taxed. Also, cryptocurrencies make the sale of drugs and weapons more affordable. And last, I think the government wants to protect people from dangerous investments, but it sounds crazy.

[rlm42]

Any commercial activity, i mean business, is always has risks and dangers. So why should the crypto industry differ? Trader activity, with which the cryptoindustry works closely, has double risks.

[Cryptokingind]

Crypto industry is not dangerous in my views, if you will do proper research before entering in this market. It is very promising market and there are a lot of potential projects. It's just  beginning of this booming industry, many countries are planning to regulate the crypto because this industry is rapidly growing.many new people are entering in this industry.

[Bananiheller]

In my opinion, the main danger of cryptocurrencies for the States is the evasion of the population and business from taxes. If everyone, especially businessmen, will move to mutual settlements in the crypt, how to collect taxes?

[Mr.Been]

I dont think some countries ban it because it is dangerous, but because crypto is decentralised and they will not have control of it.
For an individual crypto can be risky because there are many scams around and for newbies crypto is more dangerous than other investments

[elbimbo012]

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 it is not dangerous but the correct term is risky  considering price movement here is very unpredictable  and volatile if you are not careful with your investment you may end up losing.

[CryptoAddiction315]

TBH your gonna hear mixed opinions everywhere. Best I found was DYOR =Do your own Research. Though most people say this as a sarcastic answer, I mean it humbly. Good Luck 

[sharaban]

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

based on information from the press, the situation develops in the direction of the adoption and legalization of crypto in the whole world).. I think the future behind the crypto and blockchain technologies)..

just option

[yudayaurelia]

The world financial institution, the International Monetary Fund (IMF) is concerned with the existence of digital currency or cryptocurrency.
IMF, Tobias Adrian, IMF's Counselor and Director for the Monetary and Capital Markets Department, said cryptocurrency is a necessity that now exists and begins to color the financial system worldwide.
"Some of the technology behind crypto assets could make the financial market infrastructure more like a payment system more efficient," he said in his presentation at the IMF building in Washington DC. However, not all things related to cryptocurrency are fun. Because, according to Adrian, at the same time cryptocurrency keeps a negative risk to the financial system itself.
How not, with its form of digital assets, cryptocurrency is easily misused for the crime of the financial system such as money laundering crime.
In addition, the absence of a clear system, making cryptocurrency vulnerable to malfunction that ultimately harm the people who use this instrument.
"Crypto assets have potential for financial crime (fraud), security breaches and operational failures," he explained.
For that, Adrian said, governments and policy makers in various countries should begin to establish a clear policy related to cryptocurrency so that potential problems that will arise in the future can be prevented.

[Yakapo]

Id really love to see and understand why such claims can come to be, cryptocurrency is a high risk affair but it has nothing to do with danger, Crypto is not dangerous,, the governments are threatened by the freedom crypto offers the masses and are afraid that people might totally shift to cryptocurrency, there by paralyzing the government institution, The fact that its difficult to tax crypto denies the government income tax, something they consider a threat to the national economy so its not really about crypto but more about what the government is losing

[superstarbtc]

crypto industry is like any other industry but we need to be careful in investing and trading and holding we need to have knowledge while doing any activity related to cryptocurrency

[Just John]

It is but that does not mean that it is the most dangerous industry out there and besides no matter where you put your money into there is always a bit of risk involved in it.The only reason that a lot of people are scared to invest in cryptos is because it is very volatile and they do not want to take any risks.

[nemey]

That is what the people said to spread the negative issues of the crypto. Dangerous or not, it is not the fault of the crypto. It will depend on the users of the cryptocurrency. Moreover, it is easy to use for around the world transaction. Some people may use it for illegal transactions or terrorism.
But I myself only focus on gaining more profits in crypto. So, I'm sure that it is not dangerous.

[bamita139]

crypto is nt dangerous but whereas crypto is bit risky like any other business in this world so crypto need more cautious to the fact that market is young and there are more risky of scams may happen