is crypto industry dangerous ?

[austinsku]

In the media there is mainly negative information about what is happening with bitcoin. Only large failures are widely covered: when a certain exchange is hacked or when illegal transactions occur with bitcoin.

But this is important: many still refer to the crypto currency with skepticism, they are afraid that everything will collapse.

In fact, many where bitcoin is already widely used as a payment instrument. For example, the laws of Nigeria prohibit local banks from withdrawing the country's currency - the Nigerian Naira - abroad. Therefore, in Nigeria, there is a strong increase in the use of bitcoin.

[triforce03]

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

In my opinion, it's our knowledge what makes the cryptocurrency market really dangerous because if you engaged in crypto world without even a knowledge and skills in terms of trading in the market probably you will fail or worst you will lose all your investments in an instant. I have known people who get hyped by investing in cryptocurrency and they have a little knowledge on how the market really works and they ended up losing more then 40% of their investments. It's the people what makes cryptocurrency dangerous.

[Rice city7]

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

[nealdlover]

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

In my personal opinion, manipulation has a huge impact on Cryptocurrency. Because investors are often afraid but the market is easily manipulated. The money of investors will always fluctuate and they do not want that to happen. They want stability and increase over time. Therefore, the market capitalization will fall sharply if manipulation is not controlled.

[Joshapat]

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

All investments are always in line, the higher the profit level then automatically the level of risk is also high, and vice versa, in crypto investment of course needed a good analysis and I think as long as we always know the latest updates then we can minimize the risk.

[tomir]

I don't see the danger in cryptocurrency from the point of view of an ordinary person. But governments are afraid of losing control over citizens ' finances.

[hiburak]

Crypto is not dangerous. It is really difficult for a centralized authority like a government to control, monitor or even collect tax on the crypto payments. But, some governments see crypto an opportunity and try to take advantage of it.

[lilysbee]

No i wouldnt say crypto industry is dangerous, infact crypto is one of the great innovative technology of this generation,  Engine cars came as a technology and lives were changed, the internet tecnology came and lives were also changed , the whole world was brought together to our doorsteps through  the internet. Now a giant Technology which is CRYPTOCURRENCIES and the BLOCKCHAIN technology, its changing lives already , even in this early stage. 

 We just have to be ware of scammers, same way the used the internet technology negatively, there have started using the  blockchain to scam. So just trade with max security of your crypto accounts.

[Drakula]

No its not! Its not something that could potentially pose a threat in your life if you work properly, dilligently and responsibly. And also its a good thing having it around for financial stability. Everything is safe if you're doing your part in a just way.

[jbruce82366]

Crypto is not at all dangerous if you know what you are doing, the only thing against which its dangerous is the centralised world, most probably towards those centralised bank.

[franklinrichards]

Crypto will be very dangerous with the current situation. The current situation is particularly vulnerable to failed ICOs, improper decisions, and coin election or inappropriate programs. Prohibition from various countries on the use of crypto is not a major obstacle. Rather its fluctuations in the price of crypto and also a large number of ICO and coin scam makes the crypto situation very dangerous. Because it will impact on the success of the investment we plant.

[Black boy]

Crypto itself is still very young and can bring big problems, since this sphere has not yet been fully explored. Similarly, the government of many countries are a danger to the development of crypto, because they see this as a threat to the centralized world

[mazezizi]

Yes, this is definitely a dangerous area, but the risks are controllable. As long as you choose the right project, the risk is small, but if the project is wrong, you may have to pay the price.

[suckmyBitcoin]

IMO huge inestability is integral to tokens. That's why hodlers on those assets could be willingly scouting those attribute when evaluating opportunities or else looking somewhere else.

[betnuci]

I think any industry could turn really dangerous if you make just a couple of bad decisions, on the cryptocurrency field you need to have some experience and knowledge about the behavior of the coins in order to get the most of the profits, those are things you have to follow on any other industry that deals with alot of money.

[valeru.aver]

I do not think that cryptocurrency is crypto-dangerous. Many countries prohibit cryptocurrency because they will not be able to control it.

[upbit]

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

Of course, there is a danger. But it is in any business and there is nothing terrible in this and there is no need to panic.

[gwerunm]

To discover reply on your inquiry , simply investigate what's going on with cryptomarket these days . Financial specialists , who put their cash in crypto prior is taking substantial misfortunes now . Crypto industry is unsafe in light of the fact that it is amazingly controlled and nobody can't feel safe contributing cash there. Individuals can lose everything and end up poor in half a month , that is the reason crypto is risky .

[Xomukiw]

The utilization of cryptographic money is protected. The square chain is a superb creation that does not fit con artists and can not be faked. Be that as it may, in the meantime, cryptographic forms of money are unstable, just this isn't extremely dependable.

[kookidun]

 think it's kind of dangerous, because he's prone to hacking