is crypto industry dangerous ?

[SERGOSTAP]

The official version is that the crypto currency is not regulated legislatively. This means, for example, if you are deceived in the ICO, no one can help you get your money back.
And it's important that you can use crypto currency for hidden payments.
Some governments dont like this very much.

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[Lyne01]

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

Well, the risks or danger of crypto are the following:
1. You may lose your money if you invested in wrong project or coins.
2. Countries banned crypto becAuse they are threatened to lose investors and workers.
3. Crypto is virtual currency so peoplemcannot hold these physically and many hackers may attack your coins.

[alient86]

First, the danger is that now there are a lot of scammers. 80% ICO-scam. In addition, if we talk about crypto, then this is a conversation about decentralization. And the government is used to controlling everything

[ajeef]

Yes of course it is dangerous otherwise everybody would be doing it and make millions out of it. The problem is that people are saving money in cryptos instead of spending it for the products.

[Kratos2019]

i don't really think its dangerous at all.
https://medium.com/@dcc.finance2018/why-dcc-and-bloom-might-be-competing-withwall-street-bc741209b06a

[hitchcoin]

There are people who have made common mistakes like investing what they cannot afford and after loosign their money because they waited too long or had the wrong coin too they call the market dangerous.

[blue_id69]

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.
many countries forbid the use of cryptocurrency because the negative effects of cryptocurrency, one of the most commonly used reasons are that the use of cryptocurrency is particularly vulnerable to illegal transactions, money laundering, and terrorism financing, but in my opinion, cryptocurrency has more positive effects than negative effects.

[DarkPiltover]

Many countries are banning the use of crypto in their country because crypto endangers the position of virtual currency in those countries. With the crypto, the country fears the population will switch to crypto and then abandon its virtual currency. And of course, it will affect the people who are already working will become interested in crypto then they quit their job to join the crypto. Of course, it would be dangerous for industries and companies.

[pjusmfox]

I don't think the encrypt industry is dangerous. It is risky to know that you invest in any industry, and the benefit of investment encrypt relative to other investment is very big. What we need to do is to control your own risk as much as possible.

[Olaniyiola]

I don't really think cryptocurrency is dangerous, I think is just an opportunity is just that most people participate in ICO are scammers because there are many fake projects out their. It's the people their that makes it dangerous.

[Tengcreneng]

What makes people think that crypto is dangerous is because there is no party, agency, or government that is willing to take responsibility for crypto. So no one will safely guarantee the money they invest, and that will make the person not believe in crypto. Those who do not believe it because I think they are not broad and do not want to accept something new in their life, they are not willing to learn and do not know the details of the use and benefits of crypto.

[Bianxee]

What makes people think that crypto is dangerous is because there is no party, agency, or government that is willing to take responsibility for crypto. So no one will safely guarantee the money they invest, and that will make the person not believe in crypto. Those who do not believe it because I think they are not broad and do not want to accept something new in their life, they are not willing to learn and do not know the details of the use and benefits of crypto.

Crypto is all about accepting the best way to invest your money into your life and very importantly is education. Without it crypto is like a bomb that can ruin your whole life thinking how others earns money while the whole thing is you want an easy money. This is the most false belief of the people who've got involved in crypto.

[mike0829]

There are basically two points that can tell you why the crypto can be seen as dangerous for developed countries. The first point is anonymity, you can`t trace the transaction and know who is behind it. The second point is lesser fee for transaction - lesser money for banks.

[decibel1337]

It is dangerous but not from that point of you that you have mentioned. It is dangerous and risky for investors and their money. The countries are afraid of something as big as crypto currency that is why they come up with rules and regulations.

[Milenyto]

In crypto you could lose everything, but the same time you could earn great profit. Crypto is very hardly prediction thing.

[Perfect35]

To me, crypto is not dangerous and neither is the crypto space dangerous. It is a wrong notion to think that it is dangerous. It is even one of the best hings that has ever happened to man. So many lives have been touched positively through crypto. Some have now gained their freedom financially as a s result of joining the crypto space.

[omfg.xekcep]

Life is dangerous! =) But you live. Of course any trading and investing are dangerous so if you want to find something simple without risk so you would better to pay attention on a bank's deposit and government bonds because market is dangerous it is true.
You may try to trade or invest with a very small amount of money to get experience.

[crypto boss]

In crypto you could lose everything, but the same time you could earn great profit. Crypto is very hardly prediction thing.

with regard to losing everything, I lost a lot of bitcoins because of a computer hard drive breaking. then I left the crypto scene for a while, didn't lose much at the time because btc wasn't worth much at all, though if i lost it now i would probably throw a paddy fit, and drink myself to an early grave. losing them coins was a learning experience to always keep backups.
the coins would have probably gone on a game when the value got to over a dollar, so kind of glad it happened. if it didn't I may have lost a lot more in value later on.

scams are probably a bigger risk but the next biggest risk is probably losing a wallet through hardware fails than anything else.

[honex2]

Actually it depends on which angle you view it. In December last year a friend made 65000$ from EMC2 sales but lost 45000$ to hackers that hacked his blackwater wallet and took his Stellar. That's how dangerous it can be bitter sweet.

[Feri577]

Anything can happen in this crypto world because the crypto world is unpredictable and analyzed whether it really is harmful to us or not

But the dangerous thing in the crypto world is very less when we compare the total contribution of crypto into the community, and also in the development of the world economy

outsiders only know about how they manage and how they use it

therefore the government has not found a method to set cryptocurrency that is very rapidly developing at present both at home and abroad