is crypto industry dangerous ?

[violet catona]

It is dangerous,there are a few big risks in crypto,you can lose your money by trading,you can lose your money by investing in scam ico,you can lose your money if your wallet is hacked,and etc.So you have to be carefull all the time.

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[meidut]

What makes the crypto dangerous is that crypto can be used as money laundering for corruptors and can be used to fund terrorist financing tools. And all countries are not afraid of crypto but fear of being abused for evil.
Maybe this is what I can explain. May be useful.

[alexford]

I dont think crypto industries was dangerous. Because as matter of fact, crypto industries build to solve lots of problems and making upgraded/improvement in our daily lives. Also, we can freely access some of them as soon as we participate on ico.

[Adunni6758]

I see the crypto world as an interesting field. There is no business or venture without its own risk. Some may attribute the risks as being dangerous, but i see the risk as challenges and every challenge is a stepping stone to greater height.

[diepvien98712]

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

[gokusenpai0302]

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

Yes, every country has the different perspective when it comes to the digital currency market, the reason why it is getting banned in some countries because they think that it is a threat to their traditional stock market which can cause a huge impact. But it depends, a country like Japan has been legalized Bitcoin and uses digital currency as a medium payment method like buying staff in stores by providing blockchain machines.

[#bromocorah]

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

On a large scale, it is likely to affect the economy of the country with a not-so-high economic capitalization. Probably not yet reached a dangerous level, but some countries choose to prevent it.

[TontomHit]

It is dangerous, because you can literally lose all your money in one day. Not like it could not happen in other investment types, but happen more often here I guess.

[sekhan1990]

I dont think some countries ban it because it is dangerous, but rather 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. Nonetheless, scams also happen in fiat..

[Triss Merigold]

The most dangerous for the countries is the ability to transfer part of the fiat money to the crypto currency, thereby shaking the rate of the national currency. Another danger in the problem tracking transactions with this can be illegal to buy prohibited items and sell them.

[Alaira]

I dont think that crypto is danger but i admit that crypto is very risky if you invest for a big bucks because it is like you play stock, if the price rise you can get the profit, but on the other hand if the price go down, we will wait until the price back to normal again. Some countries ban crypto because many scam ads in the internet who can make their people loss money.

[sykhang079]

Every step there must be a risk, and every risk there is also a way out. Similarly with the trade industry crypto.you must try to escape from the dangers that always follow us. Stay careful and vigilant one of the key. After that surrendered to grandeur Almighty.

[wack slacker]

The most dangerous for the countries is the ability to transfer part of the fiat money to the crypto currency, thereby shaking the rate of the national currency. Another danger in the problem tracking transactions with this can be illegal to buy prohibited items and sell them.

This is what makes trading platforms force their KYC clients to account for them. Anonymous crypto deals serve for the commercial committing of crimes or hackers attacking private wallets and trading floors is a threat to the industry.

[lovetherain0101]

I do not think crypto is more dangerous than banks. For example, many people lost their savings in banks in Ukraine when the conflict began there. Almost 60 banks in Ukraine bankrupted when the war began in 2014, causing loss of bank savings among its citizens. So now I trust crypto more than bank system.

[jan.nicolas]

Completely. Crypto currency is a risky business and you should understand that investing money in crypto currency you completely lose control over this case, in your case you can only control the input and withdrawal of money and of course investing.

[sinachy]

Yeah crypto industry is a dangerous just like every other industries, it is not only crypto industry that is dangerous, anyone can lose money in any businesses investment, and cryptos as well is not exempted

[euggio]

The investment risk in this field is very large, so if you're trying to invest in this industry you need to do a lot of researches and homework in that         

[asd12.123162]

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.

[kand19299]

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.

[phas129nnn]

Crypto is very dangerous. That is why most countries give a warning to their citizen related crypto currency. It is very volatile which means we can lose the value of in the fast way and vice versa.