Does crypto bring more risk than benefit?

[bestcomputerpsycho]

Crypto investments were always risky, they brought more risk that's why there's the first rule of investing in crypto is that invest only that much which you can afford to lose. And it's pretty right at the moment, as market has tumbled a lot and still needs some bull run to get to even 40-50% of there all time high, let alone there ATH.
Most of the people have invested in scam projects or dead coins and therefore start blaming crypto for there loss. These people will never research initially and bought just because price was continuously going up, infact some of them bought at coins all time high and now sitting at 90% loss.

[karavay_71]

I think that there can be certain possibility of that. Crypto is surely a dangerous thing, even in relation to its experienced users.

[Temeber]

Depends on the person who will be doing cryptography, definitions, perseverance, talent, skill and patience are powerful tools for making a profit

[Clark05]

The risk of losing money is very big because the price of the coins are fast dumping compared to other investment. But once you get the benefits you will get more profit.

[bigchuks]

Central bank Governor of Spain has told the cryptos bring more risk than the benefits to get. but I believe on more risk more gain theory. If you can not trust crypto, you will not be able to see its value. Risk is associated with all kinda business. It just has to be calculated properly that which one would be profitable for you.

please share your thoughts in favor of mine statement or against.

He may be talking from the perception that a bigger chunk of people going into the crypto business lacks the requisite knowledge and skills to adapt. In such situation; crypto is bound to be a risky business.

Which profession do you think one can enter without the requisite skills? Electricity business is even worse yet we embrace it; why cant we embrace crypto as well?

[Hishad32]

I assume that some regulations to cryptocurrencies should be made in order to keep away from being part of serious crimes, in any case, technology is hackable and it could carry horrific effects.

[rynanosih21]

All things certainly have a risk, including Cryptocurrency also certainly has risks.
We can minimize the risk if we manage Cryptocurrency properly and do management properly.
A smart strategy will make us less at risk.
I think like that, so Cryptocurrency is not something that should be avoided but you have to be faced with wisdom.

[uppon]

Everyone will pay attention to their own interests. The bank president has expressed his views from the perspective of the state. It is a financial industry. It does not understand the cryptocurrency itself. We all deserve to be cryptocurrencies to make money. Does he not know? ?
Everyone’s position is different, and the words spoken are different.

[belingbanged]

Selling and trading, when the market price is declining, will be a big risk for you to get a loss. While holding your assets may also be risky, but if you hold those who have performed well in development, then you will get promising results.

[Xomukiw]

the cryptos bring more peril than the preferences to get is a wrong explanation, Central bank Governor of Spain fears cryptos in light of the way that they havn't knew it yet. every business has it's own particular levels of peril, if you should be gainer you should be adequately adroit to play it safely. this is the way by which business works.

[clasifiedads]

All things certainly have a risk, including Cryptocurrency also certainly has risks.
We can minimize the risk if we manage Cryptocurrency properly and do management properly.
A smart strategy will make us less at risk.
I think like that, so Cryptocurrency is not something that should be avoided but you have to be faced with wisdom.

There should be more benefits if the price is doing that well. There is a lot of benefits during the upward price swings.

[CKdexter]

The risks will always happen in everything we do. However, I also believe that higher the risk, higher the gain. However, of course, it needs more careful and smarter ways to manage and control ourselves in crypto. Best strategy and the right one is very important to invest or trade in crypto

[sonluxx]

Of course it brings risk especially to the banks and government as they don't control it.  Every investment bring risks, you could lose your money playing with  stocks as well as with crypto.

[thuthanh]

Any field of occupation always has two sides: profit and risk. But you control and stop the risk as a problem and sometimes turn the risk into profit. The crypto market is very diverse and complex, the profit and risk are equal. Anyone who takes advantage of it will be rich and vice versa.

[Emilyp]

Right now I agree that the risks involved in crypto is higher than the benefits it offers, maybe in the years to come the benefits will supersede the risks.

[williamtkhoury]

Crypto is highly risky. But being risky also equal to many benefits. If we invest carefully there will be more profits than risk.

[Samuel Cofie]

In my experience, i think Crypto brings more benefits than losses aside the risks associated with it. If you are really determined, i trust you can make a lot of fortune from crypto.

[kenmobility]

Yes no doubts that crypto has many risks involved it, but those risks are not unavoidable, so how on earth can some one try to out weigh the benefits of crypto by its risks that can be totally avoided.

[Querubbin26]

I would not take seriously the word of the central bank of a country with so many economic problems, it is normal that they feel afraid because at the end of the day they see cryptos as competition that will put their business at risk, even though cryptos actually have an inner risk due to the lack of regulations and anonymity, I also consider that the benefits are much greater, just look at the plus of being able to make international transfers without the need for intermediaries is enough to have the cryptos in the approval.

[Mallequinn]

I think the risks are as much as the gainings, you can multiply your earnings from a day to another or you can loose it all as well.