is crypto industry dangerous ?

[dumbtool45]

Because there are no regulations. Everyone can create an ICO and disappear with the money. Someone can borrow money to invest and got rekt. A lot of hacks as well.

[bcoin01]

In the crypto money world you have to make the right move at the right time.
Invest in the right jet at the right time.
Crypto is easy to make money in the money world, but it's much easier to lose money.

[prashanta]

many countries are banning using crypto in their country because crypto endangers the placement of virtual foreign money in the one's international locations. With the crypto, the u . s . fears the populace will switch to crypto and then abandon its digital currency.

[kuilopp]

I think country are scared of crypto because they can't follow what you do with crypto, they will not be able to follow your transaction and benefits and thus they will not be able to tax you.With crypto which keep you anonymous people are able to purchase illegal things and not being spotted.They are also probably scared of the volatility of the market which can cause loss of money for people. I think the high instance of countries should be more informed about cryptos in order to make them more populare.

[kz06]

Not perilous but rather a few nations prohibited it since it is decentralized. Which means, government can't have the control and can't impose it. Government needs to control each cash exchanges which they can have the information in banks. Be that as it may, for singular it is profitable in light of the fact that no one knows how much riches you have since we are mysterious. Crypto can depreciate even the most ground-breaking nation cash thats it.

[Felic43]

i think because there are no regulation
there is possibility of laundering
crypto does encourage taxes

[Xiroartoni]

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 believe that countries are afraid of the independence of citizens from banks, because there was cryptography. If we study at least superficially white paper of bitcoin, it becomes clear that citizens can now freely send each other funds with minimal fees. This makes them independent from public and private banks. When there was a boom in crypto-currencies, they were tried to be banned in many countries. After studying their properties, the situation changed dramatically. States are afraid that they will not be able to control the cash flow of their citizens, which will reduce the number of taxes paid. In this regard, now summits are going to decide how to regulate the cryptocurrency. Therefore, countries are trying to implement cryptography to save at least part of their forces. I think that the future of cryptocurrency.

[Bobocantik]

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.

[dobenklik]

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 vrypto is not dangerous, cryptocurrency is very safe, but many countries banned crypto because maybe they are afraid of not being able to control and check the activities of people who invest in crypto, and of course the government does not receive tax from crypto.

[christofyler]

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 because it is decentralized.... Which means government and everyone can have control over it..... Also there will be reduction on task income since people can save their money too on their wallet.

[Valay9836]

not that it's dangerous, it's just that it's out of control at the moment! of course, many countries are trying to take control of this, but so far they have failed! for ordinary citizens there is no risk, but for the state as a whole it is a problem that can not be controlled!

[TomArayaSlaya]

Scam mybe daico might fix that. fear that it might take over fiat someday and the fact that anyone can create his vision coin and make money become billionaire or just pack the money and run with no trace at all

[coingrowth]

the crypto market is uncertain like any other market but the market is growing stage we may see lot of uncertainty in market so no need to feel panic but feel positive towards future growth

[Ann Impas]

The danger in crypto currency is if you are not well educated enough the understand the pros and cons. If your an investor, you really have to review the project in all aspects. There are so many scam project that is why we have to be very carefull.

[Master of Shitcoins]

Crypto industry is dangerous for banks and rulers because they are afraid to lose their power. Crypto currencies (or most of them) give back pover to the people. There are a few bad ones keeping and increasing the power of banks and rulers, like Ripple.

If we avoid them, there ist nothing dangerous at all to invest in crypto.

[briana samomingkir]

The current situation of crypto is very vulnerable to losses. If you go wrong, it will endanger your investment here. Your investment can go down and disappear if you sell it now. Be patient and wise in making decisions, this situation will not last for a long time. All will be back to normal as before. The price of coins on the market will recover and each of the coins will be competing to create new records to become quality coins and have a bright future.

[goolesby]

Until this moment I do not feel that Crypto is a dangerous industry. I still enjoy being the biggest industry in this through a lot of the news is not good that makes me concerned. And until the current crypto is still a fascination for the great entrepreneurs to do business.

[Crytptomeniac]

dANGEROU, i DONT THINK IF THERE IS DANGER in crypto at al, t doesnt risk any ones life, There are however high risks involved in the crypto market this is due to the volatile nature of the market making it unpredicatble, something that mst people dont find very attractive, but again, high risk takers are the ones that make it in this life,

[Kilomans]

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 do not think that it is more dzngerous than otherbusiness so do not worry, lezrn z lot andeverything will bw finw

[Kilomans]

dANGEROU, i DONT THINK IF THERE IS DANGER in crypto at al, t doesnt risk any ones life, There are however high risks involved in the crypto market this is due to the volatile nature of the market making it unpredicatble, something that mst people dont find very attractive, but again, high risk takers are the ones that make it in this life,

it is really dangerous, but you should have in minf that knowledge matters more than lick, so go head, good luck