The Major Risks in Crypto Business

[LUCKMCFLY]

I think that there are always risks in all kinds of activities, especially in the financial markets, but of course the enemies of Bitcoin will always claim that the Bitcoin market will always be the most dangerous in terms of investment and since there are many cases of Ransonware to Worldwide, they want to make a union with many companies, help from the FBI and intelligence to fight against Ransonware, some of them say that sometimes it is better to give up privacy and anonymity so that everyone is safe.

“This is a world that was created exactly to be anonymous, but at some point, you have to give up something to make sure everyone’s safe,” he said.

The proposed rules seek to respond to a record year for ransomware attacks, with the task force estimating ransomware syndicates collected close to $350 million during 2020 — up 200% from the previous year. The lion’s share of profits were accumulated through targeting government agencies, hospitals, educational institutions, and private companies.

Source: https://cointelegraph.com/news/ransomware-task-force-calls-for-aggressive-bitcoin-transaction-tracing-measures

Of course this is a double-edged sword, you should never trust government entities and above all what is most sought is to end anonymity, I will never agree with ransonware or with robberies and scams, but I feel that they are doing this to take advantage of the problem.

[DOH!]

In my opinion, the main risk is:
[1] From the Market: extreme volatility and price manipulation.  No one wants to be led into the game. 
[2] From Myself: Being mentally weak, impatient from myself, I have learned from experience that the more you fear of losing money, the harder it will be for you to succeed here.  and vice versa.  however, between determining the type and the coin will also be the condition for the outcome. 
[3] From technology: to blockchain, you need to know right / wrong, accuracy first, the chance to return from mistakes, security with all directions from hackers, frauds -put first.

[Xinarae*]

Risk is inherent in any business venture and good risk management is a necessary aspect of running a successful business the management of an organization has different levels of control related to risk some risks can be managed directly other risks are largely beyond the control of the company management. But the main risks of crypto trading are when currency prices continue to fall then the traders are much affected and become frustrated you need to control your emotions and analyze the market to gather accurate information.

[hector3115]

The biggest risk is that you can lose everything.

[online73]

Hello everybody. Now there is a lot of information on the Internet about the main risks in the crypto business. Almost every crypto blogger on YouTube has at least one video on this topic. There is a lot of information, but I believe that with all this information, the most important thing is discipline, the most important problem is yourself. If you can get rid of the wild desire to buy where you already need to sell, or sell where you need to buy, plus - elementary cleanliness in Internet use - everything will be in order and you will not have to be afraid of the crypto market. Be afraid of your desires and unbridled and rash decisions.

[GeorgeJohn]

The major risk in business more especially cryptocurrency or Bitcoin and any other business, for example business have to do with enviroment and encouragement, most especially site of establishment in business, now in cryptocurrency these have deal with the actual time of purchasing time of cryptocurrency and the actual time of selling so that profit or gain will be made at appropriate time.

[finaleshot2016]

I will be delivering a lecture or an address by weekend on a topic which would be part of the Crypto book am working on. The topic i will be teaching is "Crypto Risks: How to Minimize risks in Crypto business."

I would want to focus on trading and Investing. But, i want to know what you think on the following;

1. what are the major crypto risks that one should know and avoid by all means.

2. How do we tackle these risks or are there way to tackle the risk?

We can use btc trading and investing as a case study.

One of the major crypto risk thay everyone should avoid is being Fomo or dear of missing out. Sometimes, there are people who don't want to miss theopportuniy of the uptrend but suddenly, it drops. And also, DYOR is one of the best practices in investing, take time to read and search about what's the best to buy in crypto.

Just have a good technical analysis before trading, right entry will definitely give you profit.

There are many crypto risks, so it's bettee to have your own research and study it very well.

[Sanugarid]

I will be delivering a lecture or an address by weekend on a topic which would be part of the Crypto book am working on. The topic i will be teaching is "Crypto Risks: How to Minimize risks in Crypto business."

I would want to focus on trading and Investing. But, i want to know what you think on the following;

1. what are the major crypto risks that one should know and avoid by all means.

2. How do we tackle these risks or are there way to tackle the risk?

We can use btc trading and investing as a case study.

I think when it comes to trading, the concept of high risk and high reward is the one thing we should be aware of and avoid by all means. In crypto, you can earn a big sum of money instantly and of course, you could lose all of them in an instant as well. So it's better to discuss it with someone who has more experience when it comes to trading and we should develop our risk management when it comes to investment

[Alanaz]

the most important thing is when you start plunging into a world like this you have to be ready to lose your money. because if you are not ready you will be shocked when you know what the real facts are like because when you are in the crypto world we will not always benefit, many people think that crypto is a way to get rich instantly.
but in reality it is not that easy, a lot of beginner traders who immediately without thinking long plunged without knowing the basics of trading like what and as a result many complained and many lost a lot

[SystemTrader]

Cybertheft: Leaves the investment open to cyber attacks. Hacking is a serious risk especially when you not familiar with tech and its concept. There is no way to retrieve your lost or stolen bitcoins.

[Fatunad]

I will be delivering a lecture or an address by weekend on a topic which would be part of the Crypto book am working on. The topic i will be teaching is "Crypto Risks: How to Minimize risks in Crypto business."

I would want to focus on trading and Investing. But, i want to know what you think on the following;

1. what are the major crypto risks that one should know and avoid by all means.

2. How do we tackle these risks or are there way to tackle the risk?

We can use btc trading and investing as a case study.

One of the major crypto risk thay everyone should avoid is being Fomo or dear of missing out. Sometimes, there are people who don't want to miss theopportuniy of the uptrend but suddenly, it drops. And also, DYOR is one of the best practices in investing, take time to read and search about what's the best to buy in crypto.

Just have a good technical analysis before trading, right entry will definitely give you profit.

There are many crypto risks, so it's bettee to have your own research and study it very well.

DYOR!
This had been commonly suggested and recommended to be done from time to time because this investment isnt something that you can deal and make some guarantees with it.
This is why we should really know the things in terms of risk and other factors which could really affect your profitability. Risk is there no matter what but somehow you can
really lessen up those risk if you had just done your assignment.
The ones who are giving out such risk are the ones who does have the probability or chances on making profits when it turns out to be a good one.

[Kasabus]

the most important thing is when you start plunging into a world like this you have to be ready to lose your money. because if you are not ready you will be shocked when you know what the real facts are like because when you are in the crypto world we will not always benefit, many people think that crypto is a way to get rich instantly.
but in reality it is not that easy, a lot of beginner traders who immediately without thinking long plunged without knowing the basics of trading like what and as a result many complained and many lost a lot

Many lost and complain because of the way they think about how crypto will make them rich instantly. I think the moment you enter into crypto investment or trading, you must be ready for losses anytime as this is the major risk anybody should deal.
              One thing also is being in an investment or project you don't know that much but you still take the risk because of your target for bigger profits but you only end up still in a loss because you have been scammed and fooled again.

[bounceback]

Crypto investing is only suitable for people who are prepared for all the risks and losses, so if you are not ready for that, you better avoid crypto investing.
In my opinion, the first risk to be avoided is fraud because currently cryptocurrency is popular, of course, it makes many crypto trading platforms easy to find on the internet, so be careful when choosing an exchange platform.

[Searing]

Dogecoin crashing and taking rest of crypto down with it...turning off newbies to any crypto for the next year or so

On the other hand $350 LTC and 450% yesterday bonus with merge mining dogecoin on www.litecoinpool.org (see for yourself)

sh*t things get real

plug and old 2018 scrypt miner that can do above in but sit down first it is that shocking!

brad

[Ibrahim60]

Cryptocurrency price is not stable. This price is so much volatile in every time. Specially now bitcoin price is so much volatile. Also no one can surely predict on Crypto currency. Every coin is not good for day trading, some are good for day trading and some for long time investment. By getting more knowledge about market and coin a person can reduce his/her risk. They can choose different coin for day trading and long time investment. I think bitcoin is good for long time investment. Bitcoin day trading is riskier that long time investment. So if anyone want to day trade on bitcoin then there are some risk. Though bitcoin is the most potential and good Crypto currency.

[arapgeceleri]

every business has a risk. There is a risk in every field. The crypto money market is one of them. There are many risks, the biggest of these risks is to go bankrupt. The investment you are so enthusiastic about can ruin you. inexperience is the greatest risk. there are a lot of beginners trying to get rich in this market. There are many people who make random investments, buy from high, sell at the slightest drop, do not like research, cannot bear to lose money. these are all negative traits. First of all, we must be investigative, patient and cautious. Our psychology must also be very strong.

[AmoreJaz]

Crypto investing is only suitable for people who are prepared for all the risks and losses, so if you are not ready for that, you better avoid crypto investing.
In my opinion, the first risk to be avoided is fraud because currently cryptocurrency is popular, of course, it makes many crypto trading platforms easy to find on the internet, so be careful when choosing an exchange platform.

by now, the OP delivered his lecture. but for the sake of discussion, in any investments, whether in crypto or not, there's always risks that a user are subjected to. in terms of crypto investments, youre right. fraudulent projects is one major thing to watch out for. as many of these are anonymous and hard to know if they are authentic or not, it lies on your hand how to assess them if it is worth your funds or not. and usually, crypto users will realise that the project is not worth once the team disappeared or the project is abandoned. unfortunately, that's the case of many projects here.

[milewilda]

1. what are the major crypto risks that one should know and avoid by all means.
-Shill/Fomo and Fud
-Scams
-Dont believe on easy profits or money making
-Volatility


2. How do we tackle these risks or are there way to tackle the risk?
-Gain knowledge through experience
-Good risk management
-Be sensible towards your actions.

[xiboothrezi]

Cryptocurrency price is not stable. This price is so much volatile in every time. Specially now bitcoin price is so much volatile. Also no one can surely predict on Crypto currency. Every coin is not good for day trading, some are good for day trading and some for long time investment. By getting more knowledge about market and coin a person can reduce his/her risk. ---

I really like your explanation, by understanding the risks we can prepare risk management to avoid major risks. Unfortunately, that's what newbies often ignore. especially recently when the price of btc has soared and many altcoins have been pumping, just look doge. ignoring the risks, newbies hope to make quick and instant profits, even though it is quite a risk if they do not understand market analysis. relying solely on luck would not be effective enough.

[Zilon]

Before investing in any crypto project learning about the project should be the first move it's regularly referred to as doing your own research. The crypto industry currently is dorminated by different abandoned projects and as such knowing about what a coin in will to tackle in the society and it's recent highs and all time lows would help every investor understand what project he/she is willing to invest in