What are the Real Risks of Crypto?

[FearlessAndy]

What do you guys think are the real risks of cryptocurrencies and are there any ways of overcoming them? I've attached a good article below that covers a lot of the solutions to what people consider problematic at the moment, and it essentially says most of the risks are down to the user and not the technology (i.e. lack of education). Am interested to hear your opinions.

The interesting article: https://medium.com/@DDhopn/what-are-the-risks-of-buying-crypto-ff1c991a6c83

P.S. I am heavily involved in crypto, just keeping an open mind

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[tenebriscaelum]

It will always be the user and not the technology. The lack of knowledge and understanding is really what drives the risks in any kind of industry. Let us have an anology: for instance you would want to learn how to drive a motorbike the risk of being in an accident is not to be blamed to the bike but rather your knowledge and experience on how to drive it.

[rodalutor]

It will always be the user and not the technology. The lack of knowledge and understanding is really what drives the risks in any kind of industry. Let us have an anology: for instance you would want to learn how to drive a motorbike the risk of being in an accident is not to be blamed to the bike but rather your knowledge and experience on how to drive it.

Users can expose flaws in the technology but if the flaws aren't there in the first place then there's nothing for them to expose. The biggest risk for investors is always loss of capital, aside from that I don't really see any risks.

[cytpoway121]

The risks are simple and easy
Crypto currency can make you very richer than before
More similarly but opposites, crypto can make you poorer than ever and even leave you debts

So be smart and learn your way around

[proTECH77]

1) User transaction error: Transaction are final in this face. When one carelessly send cryptocurrency into the wrong wallet address.
2) Loss of private key: When the private key is missing, it cannot be recover and all the crypto store in such wallet are gone forever.

These are some of the major real risk of crypto.

[Kotone]

What do you guys think are the real risks of cryptocurrencies and are there any ways of overcoming them? I've attached a good article below that covers a lot of the solutions to what people consider problematic at the moment, and it essentially says most of the risks are down to the user and not the technology (i.e. lack of education). Am interested to hear your opinions.

The interesting article: https://medium.com/@DDhopn/what-are-the-risks-of-buying-crypto-ff1c991a6c83

P.S. I am heavily involved in crypto, just keeping an open mind

There are really tons  of risks. It only depends on the person on how you would see it, lean on the benefits or the cons. If which side are you more inclined then your bias must be there no matter what. So the first should be proper mindsetting and then follow the other discourse that can have effects on your disposition in this space.

[makishart]

What do you guys think are the real risks of cryptocurrencies and are there any ways of overcoming them? I've attached a good article below that covers a lot of the solutions to what people consider problematic at the moment, and it essentially says most of the risks are down to the user and not the technology (i.e. lack of education). Am interested to hear your opinions.

The interesting article: https://medium.com/@DDhopn/what-are-the-risks-of-buying-crypto-ff1c991a6c83

P.S. I am heavily involved in crypto, just keeping an open mind

There are really tons  of risks. It only depends on the person on how you would see it, lean on the benefits or the cons. If which side are you more inclined then your bias must be there no matter what. So the first should be proper mindsetting and then follow the other discourse that can have effects on your disposition in this space.

The individual has played an important role in this case. As you can see so many people have been taking the wrong decision and that depends on their minds. Basically any risks in crypto can be avoided as long as you have a very good knowledge in the cryptocurrency. So far it's about how good your analyzation to the crypto is/

[qtronix]

I agree with you. The main risks fall on the user of cryptocurrency. His safety depends entirely on himself. But one of the risks of crypto is possible regulation. After all, already now there is an active adoption of laws on it and soon there will be only more of them. If the state begins to interfere in crypto and introduce some prohibitions, then perhaps this will have a bad impact on the crypto-currency market.

[bhadz]

How about normal phenomena? it is one risk of crypto when something unexpected happens and it affected the area and destroyed the entire of having no internet connection then that's one risk right? We can't use crypto's offline and when there are events like that what do you think is the best solution?

[Sylvial]

The inherent risks in crypto are there for all to see. The fact that it's make or mar. It could make you rich and equally leave you badly impoverished than ever. Loss of private keys which can result in loss of funds and then hack of one's wallet

[arjuna BTC]

as i know crypto with blockchain tech is an experimental project
so, there is a lot of risk in crypto my friend
such as,, if the experimen failed, crypto will have no value in the future,,
but, 100% i believe crypto will be success  

[GalaxyWorld]

The risk in cryptography is that they are hard to control, but we should be careful, and especially to prevent hackers from attacking our wallets, using meta-mas or 2FA security accounts such as authery. .... that would be safer for us.

[JPSelzer]

The biggest risk is probably that cryptocurrency can die. Then it will be a failure for everyone, even for those who are well versed in this field and always make their investments wisely. But as we all understand cryptocurrency will not be able to die, so we have to be smart enough to minimize the risks.

[Halinsely]

Big risks in cryptocurrency it is an opportunity to lose all the investments. Who does not risk that does not live richly.

[vike]

The only serious risk may be a thoughtless decision to invest all the money in one coin without diversification or to invest in trading without a certain approach 

[Edsemen]

What do you guys think are the real risks of cryptocurrencies and are there any ways of overcoming them? I've attached a good article below that covers a lot of the solutions to what people consider problematic at the moment, and it essentially says most of the risks are down to the user and not the technology (i.e. lack of education). Am interested to hear your opinions.

The interesting article: https://medium.com/@DDhopn/what-are-the-risks-of-buying-crypto-ff1c991a6c83

P.S. I am heavily involved in crypto, just keeping an open mind

There are really tons  of risks. It only depends on the person on how you would see it, lean on the benefits or the cons. If which side are you more inclined then your bias must be there no matter what. So the first should be proper mindsetting and then follow the other discourse that can have effects on your disposition in this space.

I agree that those risk brought a bad sides to crypto ever since the current problems occurs. However, the moments we been experiencing still part of the growing development of crypto. So the risk will always be there, and without facing it you won't be able to have the potential profits that you wanted.

[Pumapipa]

For me, I consider it a risk in cryptocurrency if it involves luring people to something that is not true and end up losing their investments. This is what happened to me just recently. I have invested in an ICO the previous year, the. Now, I am being exit scammed at. Yes, it is true that cryptocurrency will make you rich but come to think of it, because of anonymity, ceo can just bail out whenever they want--without a track.

[opalet]

Of course everything depends on the user. All risks for safety are born on himself by the user - and has to be. Nobody will undertake them. At the choice of the project you have to rely only on the knowledge. Analyzing independently the project behind the project, you lower risks for yourself to get on swindlers or to be deceived.

[btcluisdiki]

I believe that there is always a risk in any investment particularly in cryptocurrencies since there are scam ICO's in the crypto market that are uncontrollable on the side of the forum's admin. I think the most important thing to do atleast to minimize any risk is to gain more knowledge and understanding about cryptocurrency. Research and study the ICO or the existing altcoin you wish to invest. Analyze properly the market trend before you proceed with your investment.

[carrigan]

It's the reality. Crypto, as many people said, is very risky. If you only think that crypto gives you the big profits without risks, you are absolutely wrong. Crypto has many risks that can make you lose your money and investment. Such as scams, failed ICO, dead coins, dropped prices, and also unstable market that will elad everyone to lose the money. But, why many people are still here? Because we believe, because we can take the chance of this crypto characteristic to turn into profits. As long as we make the smart and right decision and strategy, we can utilize the opportunity in the market. As what everyone does on the investment.