Why cryptocurrency is dangerous?

[Bilal0087]

Trading cryptocurrency is very risky.the industry is not regulated and the currency is not backed up by any kind of government or central bank.Even through cryptocurrencirs are designed to be theft -proof,there's still a considerable risk for fraud and cyber-crime.

Cryptocurrency is dangerous because it is always at the risk of hackers and scammers, as with the passage of time people are becoming more intelligent and they have better understanding of hacking.
And it can also be used for Corruption And Many other Destroying purposes.

 

[Zamaney]

The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading. They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price

 

[Taimoor Jutt]

Yes it is too risky indeed, but it is not known for only trading, we can invest in it also by investment we can get good profit too. As it is digital currency so it is risky as well. But risk is because of it's Volatility and this volatility is main reason to attract Investors in it.

 

[Donolatunji]

The risks associated with trading cryptocurrencies are primarily linked to their volatility. They are high-risk and speculative, and before you start trading, it is crucial that you understand the risks. They are volatile: unexpected changes in market sentiment can lead to price movements that are sharp and sudden.

 

[Ehtisham memon]

I think it's a risky trading marketing binnace and okex and forex many sides is available dangerous to this things is mostly person investment and buy the btc and many coin so currency rate increase and deceased every time sport and mining and many trading site tu use mostly person crypto currency

 

[Hassan14]

Trading cryptocurrency is very risky.the industry is not regulated and the currency is not backed up by any kind of government or central bank.Even through cryptocurrencirs are designed to be theft -proof,there's still a considerable risk for fraud and cyber-crime.

Trading cryptocurrency is very risky.the industry is not regulated and the currency is not backed up by any kind of government or central bank.Even through cryptocurrencirs are designed to be theft -proof,there's still a considerable risk for fraud and cyber-crime.

Anyone we trade is risky but for that you must first get good information about it so that you can avoid this risk and be successful if we get good information in trading. We never fail to avoid risk and if we don't get information about it we fail and I think it is not so dangerous in trading.

 

[Sheun450]

Crypto currency is dangerous because if you don't have enough skills and experience while trading you will loose fund also crypto is dangerous because if you purchase crypto at a particular price the price might rise or fall depending on when you want to sell it

 

[Olahab]

The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading. They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price.

 

[iori23]

Nowadays, your crypto can no longer be hacked, so it is no longer dangerous to steal your wallet because the wallet has a security method before you open your wallet .. you should also invest in a better known wallet and hold the bank to keep your crypto safe. .

 

[Klismannm12]

people should learn how to mind their business and operational think that is not trying to look for you all of you enjoying the investment is the best way to use I get what percentage is the body of yours man beans and as his people are getting better.

 

[Aniwhyte]

Before venturing into the world of cryptocurrency, I have always have it at the back of my mind to be fully prepared for the risk and danger ahead, and I was right to prepare ahead as I have encountered quite some numbers of looses since last year I started.

 

[Rimsha kanwal]

Contemporary cryptocurrencies lack legal, monetary, and institutional backing that traditional financial services employ. Instead, cryptocurrencies provide trust through technology. Despite the plethora of research in both trust and cryptocurrencies, the underlying attributes of the technologies that drive trust in cryptocurrencies are not well understood. To uncover these attributes, we analyze the corpus of 1.97 million discussion posts related to Bitcoin, the oldest and most widely used cryptocurrency. Based on earlier research, we identified functionality, reliability, and helpfulness as the focal constructs with which to evaluate users’ trust in technology. In our analysis, we discovered 11 different attributes related to three technology constructs that are significant in creating and maintaining users’ trust in Bitcoin. The findings are discussed in detail in the article.

 

[Olamide wealth]

The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading. They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price.

 

[Ralphjoe]

There is no trading platform that doesn't involves some kind of risk attached to trading or investing into it. Forex trading is even more risky than cryptocurrencies. Cryptocurrency still remains the best trading and investment platform for anyone to invest into.

 

[Nurudeen]

No doubt that crypto currency exchange Business is quite risky and that's because the business has some sorts of Volatility in it but when it comes to been regulated by the government or not it's not risky for me because its not necessary for the government to regulate crypto currency exchange Business before people will be able to make money from it

 

[Damscooguns73]

Concerning the bad side to bitcoin. Well, I don't see much of a bad side in the cryptocurrency bitcoin because it has done so much benefit to people or investors than the bad, it is a volatile digital currency which is like the main reason why people are investing into it, it rises and falls which is worth the risk

 

[Tinaconcept]

Just like every other business there are risk too so also is cryptocurrency it's also risky but if you have patient and you can trade cryptocurrency you might loose but not to the extent of loosing all your capital. So having the strategies in trading is key.

 

[Xerryl]

I think this is a wrong notion. Over the years Cryptocurrency, just like other investment areas, has developed into a digital asset that gives good dividends. When it comes to trade and commerce, everything is risky. You may call setting up a brick and mortar shop is good business, yet a lot of people go bankrupt. The only risk factor with crypto is you should not immediately start investing on new crypto currency.

 

[Dorcey]

The risks of trading cryptocurrenciesare mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading. They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price.

 

[Mrallison]

cryptocurrency is risky in so many ways, like you won't be able to see your business partner, and if anything goes wrong, your business partner can ghost on you believing that you don't know him or her because all what you guys do is online.

And I think this should be classified as the greatest risk in crypto currency and part of the reason the government of any country is still reluctant on taking crypto currency to the next level, there seriously needs to be a way to checkmate things like this