is crypto industry dangerous ?

[serejandmyself]

The market is dangerous for naive people and those persons who is new in technologies. It is because of the scammers that trying to steal the money from the investors, miners... I was watching the live from YouTube and one of the Russian miners was crying while his BTC wallet initiated an outgoing transaction to unknown address. Also the hacker stoled the bank account information and some others wallets. That is really odd...

[Neutrality]

Sure it is dangerous. But only in a sense that there is higher probability to lose money in a small period of time. Otherwise, most governments are afraid of it just because of lack of controlling ability.

[davidbarieenee]

The problem is not so much with cryptocurrencies, it's more with ICOs because there a lot of scams, I believe that the ban is by fear of the unknown and what it can lead to, I also believe that most countries will take regulations like Switzerland, having to subscribe an ICO as if it were a real company (with offices, real management, and tax contribution) although it distorts a little the meaning of cryptocurrencies I believe that they will benefit the market in the long term.

Legalization will reduce the number of scammers, but the profit from participation will be minimal. Good projects and give a big profit, because this is a very risky investment, and many people are afraid to invest

[richie28]

yes, you gotta be aware of scammers and scam projects. Pay attention and always double check.

[jt byte]

It is dangerous place for newbies who see only quick and easy profit. But for people who have some knowledge, patience and who are also visionary is crypto very interesting and could be very profitable in a long time periody. So decide if you have money to invest and wait for few years to see some real profit .

[vasilvas15]

There is danger everywhere, especially for those who are illiterate and lazy, and want quick and easy money. And you can earn everywhere, only you need to learn this.

[Bitcoinjheta]

Well, your definitely right crypto industry is a very dangerous kind of investments especially for newly entered people because you have to study first in trading and investing by doing research is a very applicable way of knowing market conditions.

[Browncephas]

It depends on you. How you deal with it. You should have an expertise or at least the basic knowledge of cryptocurrency, how to trade it and its working. Blindly following the lead of others is not going to be fruitful. Yes, in initial phase you may have to rely on expert advice, seek help from social trading programmes available on exchanges. But don’t just leave your money to them and sit back. You need to carry out research on your own. You are solely responsible for the profit and loss.

[MasterCATZ]

In this area, there is a lot of risk and people who are not used to taking risks can not understand the rules of the market and lose their money.

[muddy waters]

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

This topic has been talked about a lot but okay, I will repeat some basics.
Cryptocurrencies are decentralized which means that they are anonymous and uncontrolled.
This makes it easy to spend crypto on such things like drugs, weapons, pornography, etc.
Governments want to stop all these illegal things and to control the movement of money.
So they try to get control over crypto as much as possible.

[CapnBDL]

How can it be dangerous? It is very promising and this market is too young to be dangerous. Just need to invest in quality coins from the top ten cryptocurrencies. It's riskier to invest in new start-ups, as too many scammers have become on the market.

[VeteranH]

It is just something that is not as controllable as other currencies, plus, people see it as dangerous because of it's own volatility, which can lead to big losses if the wrong decisions are made.

[aByssakaDesire]

It is dangerous, because you can easily get scammed and lose your money. On the other hand, fiat is a scam too. We all use fake currency backed by nothing. If the society decided not to use fiat anymore, it would have no value. So I'm investing my fake money in something that might turn into a scam, lol. That's what I'm doing.

[Aniwura]

The word dangerous might not be appropriate to use when it comes to cryptocurrency, rather i would prefer to use the word delicate. What ever is delicate ought to be handled carefully. There are lots of things to learn when it comes to crypto, so as not to mishandle it.

[Denreal]

I think some people see it as being dangerous mainly because of scam and nothing else. Although, to me, if you acquire the right and appropriate knowledge about crypto and you take to necessary precautions, you cannot easily get scammed.

[kendra1107]

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

Haha! Dangerous is quite extreme my friend! Risky is more appropriate. Dangerous would entail us being placed in a life and death situation where as risky will only place us in a situation that we can adjust to. So I don't see the crypto system as dangerous. Not to this point at least...

[dr_chen]

crypto market is a young market, i can not say it is dangerous but the risk is great. So profit is big too, but not every investor can profit from it.

[chocopapaya]

In a lot of ways, actually YES, crypto industry is very dangerous.
From a money standpoint, this market is unregulated, volatile, and speculative.
More people will lose money then make money.
The 90s dot.com boom is actually very similar to how things are going for crypto now.
It was a new technology and industry changing business model that was full of speculation.
It eventually crashed in a spectacular fashion and a LOT of people lost a lot of money.

As far as the tech side goes, crypto can be used for a lot of illicit things.
Awhile ago, it was the preferred method of payment for the darkweb because it is so difficult (almost impossible) to track.
So websites like Silk Road allowed you to buy and get all kinds of illegal services through bitcoin.
I don't see this as proving the tech is bad, more just that people will always find a way to satisfy their darker sides.

[narielle]

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

Nope! It is delicate for those people who are ignorant in this industry, that's why we need to have certain research and study before we enter the world of crypto specially with investment. Those who speculate about bubble of bitcoin and other haters of crypto are just spreading FUD news so that they can gather people who want to invest in crypto. Probably, they have conspiracy so that they can manipulate the market.

[Iandi anne]

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 would prefer using the word risky rather than dangerous considering that in crypto, anything is possible to happen. The risk is great but the profit can be big too. But if you're not that knowledgeable about crypto market, there's a possiblity to loose your investment.