is crypto industry dangerous ?

[btcnijuan]

It is dangerous if you don't know what risk you may get after investing in crypto. Without knowledge or anything before joining crypto is dangerous, you may encounter many hindrances and can't get away from them without knowledge.

[Wong Goblog]

Of course, there is a danger today.But this danger does not extend to those countries where the crypt is not officially allowed.There's no danger to the rest of us

It all depends on us, all investments are always in line, the higher the level of profit, automatically the higher the level of risk, the most important thing is that we should be wise in crypto investment.

[Anchor867]

Well this might depend on your opinion but the question is ask all the time and keep in mind that the fiat is much more dangerous than the crypto earn is by hardwork and you will be good but if not that will be different

[Stavri]

i can not say it is dangerous or not. it can be used for dangerous things as well. it depends on the ones that trades it. gold or usd is also being used for illegal activities. so what is the difference of cryptocurrencies?

[Tran Dinh Nam]

I see that the crypto currency industry is not dangerous. Perhaps those who judge it are dangerous because they do not have enough knowledge to run the crypto currency industry. Indeed someone who is less experienced and does not want to learn about a business, he will feel dangerous. This can also be caused by someone in running a business that does not calculate the risk management properly. Of course this makes the mistake of making a decision.

[ngandaica0125]

It's dangerous the same way as fiats may be dangerous - can be used to buy illegal, wrong things, benefits and services. But that way we can ban all money

The main danger is the anonymity,

[Austin143]

In my own opinion, Cryptocurrency is quite dangerous, why ? Because of it's volatility, the rise and down falls of every coins in the market we must that it is really dangerous, but you can avoid it by knowing the right timing to sell or buy and knowing when the whales will play the game then you should go with the flow.

[AshdiD22]

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

No, I don't think crypto is a dangerous industry. It dosen't involve to weapons, terrorism or environment pollution. If you think because it has many scams, you were wrong. Everything involve to financial all have scams and it is an inevitable rule

Sorry, but I think in some countries, like in Russia, they fear that crypto will be used for money-laundering and mafia business. Crypto is decentralized and can be used for paying terrorists. It also threatens weak currencies, but that's far future.

[Glok17]

Why should it be? Probably there are no one who can hurt you physically. It is dangerous only if we talk about hackers and psychological pressure (when trading/investing).

[wack slacker]

Why should it be? Probably there are no one who can hurt you physically. It is dangerous only if we talk about hackers and psychological pressure (when trading/investing).

And even scam projects. Very few projects have been developed to bring the quality of the products to meet the needs of users. The risk here is not only the price fluctuation but also the way we choose the project to invest.

[CrimBit]

It's dangerous the same way as fiats may be dangerous - can be used to buy illegal, wrong things, benefits and services. But that way we can ban all money

Maybe because crypto is a digital currency, the way transactions are feer-to-feer, so the government and banks cannot track it, besides there is no income for the country, this kind of transaction can also be used as illegal transactions such as human trafficking, arms purchases, or drug purchases illegal drugs, even though crypto is only a tool, which determines its direction remains human.

[kilacka]

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.

[eveniyk]

I am not sure that the cryptocurrency can threaten the security of States. I think that investors are at maximum risk, as they can lose all the money.

[Tosyn2]

The only dangerous aspect of cryptocurrency is the fact that the price is too volatile as fast crypto price can shoot up as easy to fall at the same time.

[Ambers]

There is one factor that can make the crypto industry dangerous. You participate in KYC and transmit data to people you do not know. This can be unsafe.

[Lovecrafter]

If the crypto currency were dangerous to the world, it would have been banned long ago. I think the crypto currency is waiting for a great future

[Abiodun99]

Yes, rice volatility is just one of many risks in this hyped-up market

[e@symode]

If the cryptocurrency were dangerous to the world, it would have been banned long ago. I think the crypto currency is waiting for a great future

Given what is happening in the market, I very much hope that this can really happen. The market is falling and people's interest in crypto currency is gone, now only those who believe in technology remain in crypto-currencies.

[YNAGS Team]

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 can say the cryptocurrency industry is dangerous in few ways including your nervousity that you can go with, and with additional panic attacks that you can earn with your money long-term holding, lol.

[Set02222]

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.