Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: raden22 on January 25, 2019, 03:18:11 PM
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
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Since there are no any regulations, it is hard to make yourself believe in the situation that if you lost, you are lost.
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Well, it would be hard to believe in the situation that you might lost all your investment with a click.
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Since there are no any regulations, it is hard to make yourself believe in the situation that if you lost, you are lost.
I don't think so, I mean about risk in cryptocurrency. Not just about loss or loss of an asset. But have we ever thought that in the digital world it is also prone to hacker accounts? Thank you Nautilus. :)
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The risk faced besides the very Volatile price movements is the exchange market itself. Sometimes there is an exchange that must require a Kyc but it is difficult to fulfill, a high fee when you want to make a withdrawal in a certain exchange and maintenance that occurs suddenly when we are trading.
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Besides losing funds or capitals, your personal data can also be lost in cryptocurrency. In my view, this losses are the biggest risks in cryptocurrency. I am very careful to manage my digital account and investment to prevent from these losses.
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The main risk of the cryptocurrency is losing our money in more than 50% after investment in crypto. And so far, lost of people experienced it because the price that is always decreasing. Then, we also get scams that make our money lost and gone.
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
The main risk might be that the cryptomarket will disappear at all, maybe it will close and maybe not, it is fully unpredictable. We cannot control it.
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It is fluctuation and scam that are the main problem with crypto with my experience. With fluctuation, you can still have your money but it only decreases in value but in scam ICOs, your money is gone for good.
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The main risk of the cryptocurrency is losing our money in more than 50% after investment in crypto. And so far, lost of people experienced it because the price that is always decreasing. Then, we also get scams that make our money lost and gone.
Risk management is an essential part of successful investing. Further, a diversified portfolio could help you reach your financial goals faster and easier.
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The risk in the crypto world is not only in terms of price and trade, but in my opinion the marketing of crypto itself is very influential on crypto, because when marketing is not going well and does not get support from development it is also very bad for the progress of a currency digital.
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The risk faced besides the very Volatile price movements is the exchange market itself. Sometimes there is an exchange that must require a Kyc but it is difficult to fulfill, a high fee when you want to make a withdrawal in a certain exchange and maintenance that occurs suddenly when we are trading.
The exchange that requires KYC I think is still reasonable, because to complete the identity. I think the hacker's account is also a risk for crypto users or users, and this is very worrying. Thanks
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The main risk is that you can completely lose your money if you will invest for example in a scam company or while you will hold your purchased tokens, during this time the company can also turn into a scam.
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Many people thinking for cryptocurrency. Because of cryptocurrency totally made by the project. So providing free mining crypto currency to tub. It is very mainly risk from the project.
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The main risk is that you can completely lose your money if you will invest for example in a scam company or while you will hold your purchased tokens, during this time the company can also turn into a scam.
Well, exactly what you say. The Scams one of the risks that haunt crypto fans and it's very scary. Imagine when you have invested in an ICO, and then it turns out to be a project that has no ongoing news. That looks worrying isn't it?
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Risk management is an essential part of successful investing. Further, a diversified portfolio could help you reach your financial goals faster and easier.
100% correct. You are right, risk management should be implemented well to prevent losses and reach the successful investment. Diversify porfolio is good choice besides choosing right coins for investment. Both are the key points to be successful.
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~snip~
100% correct. You are right, risk management should be implemented well to prevent losses and reach the successful investment. Diversify porfolio is good choice besides choosing right coins for investment. Both are the key points to be successful.
The success is not only determined by risk management, people also need to improve other abilities and knowledge to deal with uncertainty in crypto space. If you don't know well about crypto investment, I advise to not do it.
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The main risk in Cryptocurrency is of course losing money, and this can happen due to the volatile price of Cryptocurrency as we know it. But behind this high risk, we also have a great opportunity to get a lot of money too. so we should already be ready, with whatever happens when we have entered this Cryptocurrency.
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I think the main risk in the cryptocurrency market is primarily the risk of losing investments.
Players can invest a lot of money in the coins of interest and in the end, after a long time, get almost nothing.
This may occur due to the high volatility of the market in the making.
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There is no other main risk in crypto space than volatility. Plays great in the ecosystem, this word rampantly harm those user that are not use to it. Newbie, usually a victim of price volatility. Many users have left the space with a big loss because they can't ride the market volatility.
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Price fluctuations are sure to occur, because there must be a buy and sell request.
because there are many enthusiasts who make that price always change, plus the supply will not increase but it will certainly decrease.
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
Beside the big movement of price i am sure the second worry to most trader is the scams on ICO and scams that try to steal the wallet of crypto users.
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In crypto all data on the blockchain cannot be changed and everything will be safe, but if we invest our funds into a project that turns out to be a scam, I think it's a risk because we will lose funds because we have been cheated.
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I believe scammers are getting benefit of anonymity that's why some kind of regulation is needed in crypto market. Many scammers comes with their project and flee away after collecting the funds from the investors these people also disrupt the market. Fud/fake news and negative news also cause damage to the crypto currencies.
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
I think every investment has risk, Crypto currency is high volatile and unpredictable. In several countries, Government ban the crypto.
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The biggest risk in crypto is price fluctuations that can hardly be guessed at the movement. With this, we can lose the funds that have been entered and are difficult to withdraw. The value can be reduced quite a lot. Besides that, it can also be lost if we are trapped in a scammar project.
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The biggest risk in crypto is price fluctuations that can hardly be guessed at the movement. With this, we can lose the funds that have been entered and are difficult to withdraw. The value can be reduced quite a lot. Besides that, it can also be lost if we are trapped in a scammar project.
Price fluctuation may be a risk to some but also an opportunity to others. A lot of people entered the cryptocurrency market thinking it will continue to go up then called it a risky investment when they found out that the price is volatile
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the risks that I often experience are losses in trading and also following the ICO. there is no guarantee for that and this is the basic risk of crypto. there needs to be special rules about this.
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There are two main risks that we may get from crypto world.
First is losing our money so drastically because the price of every coin decreased so bad.
Second, being crazy because we don't prepare of the risks and still keep in mind that crypto will only make us rich, not poor.
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In my opinion, the main risk today is that we still know little about cryptocurrency and it is not possible to conduct an analysis. It is not known what will happen in the future. If some countries recognize cryptocurrency, then there is a future.
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
For me, the biggest problem is that we do not know when the cryptocurrency market will disappear. We are just market participants, but the market is controlled by other people. But I think that this will not happen. This market is very important to all of us, so it will only grow.
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If we enter the world of cryptocurrency it is very high risk, and do not consider it easy if we want to trade in it, because people can get rich quickly because of cryptocurrency and people can easily be poor because of cryptocurrency, so cryptocurrency is a very high risk investment.
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There will be at risk on all investment on all crypto coin that we have now but we should still be vigilant on all our token. Many people are a little bit scared on there investment specially on not so known coin.
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There are many risk in cryptocurrency : cyber risk, lack of regulation, uncertainty as well as the slow adoption by business.
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To me the main risk is security. When there are security vulnerabilities it affects the cryptocurrency market. Let's see the hack issues lately, who wants to see his funds lost in the thin air because the exchange is not secured enough? The scam in cryptocurrency can easily be handled
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The risk if we invest in cryptocurrency is that our funds can run out because the value we buy in crypto will shrink, so our money will decrease in value, but if we succeed in investing in crypto, then we will be people in a short time, and even then it depends on the funds we invest,
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In every investment there is always a risk that must be faced, whether it's a small risk or a big risk, in the cryptocurrency the risks faced are very large because the volatility in cryptocurrency is very high, so if we invest in cryptocurrency it's easy to get rich, and also easily become poor.
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For me, the main problems are, you are responsible for your money, if you lose them, no one will return anything and the second is security, there are too many hacks.
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
The main risk in crypto currency, I think The loss when you are panic selling. Because High volatile is normal in crypto
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One of the risk if you invest in cryptocurrency is Cryptocurrency Scams Unfortunately, cryptocurrency scams are widespread. For a new investor, it’s easy to get sucked in. Statistics show more than $2 million was lost to scams in the second quarter of 2018 alone. The two most commonplace scams are fake ICOs and Twitter bots. ICOs are the crypto version of stock market IPOs. And like an IPO, they require considerable due diligence from a would-be investor. Sadly, many people don’t perform sufficient research. Scammers have been quick to respond. They create hype around a fake IPO, but once you transfer your cash, you will never hear from them again. Twitter bots are designed to look like official accounts. They typically promise to pay you a fixed amount of a particular coin in a few days in exchange for a small deposit today. They are all scams—avoid at all costs. You also need to keep an eye for Ponzi schemes branded as altcoins. Some of the most famous include Bitconnect, OneCoin, and Plexcoin.
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If we invest in cryptocurrency we will get rich quick, and we can also get poor quickly depending on how you take advantage of the moment in the cryptocurrency, that's what will happen if we invest in cryptocurrency, a high-risk investment.
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One of the risk if you invest in cryptocurrency is Exiting the Markets, There may come a time when you want to sell your crypto assets and hold your wealth in fiat currency instead. Unfortunately, the crypto market’s “off ramps” are troublesome for a lot of investors. Yes, the situation is improving, but it’s far from ideal. There are a few factors which contribute to the complexity:
Many crypto exchanges only allow withdrawals in USD. Some also allow GBP, EUR, and JPY, but the choice is minimal.
Exchanges frequently require high minimum withdrawals with withdrawing to fiat.
Lots of exchanges that support fiat withdrawals only accept a few highly mainstream cryptocurrencies. For example, Coinbase—one of the most popular ways to buy crypto in Europe and North America—only supports Bitcoin, Ether, Litecoin, and Bitcoin Cash.
In order to withdraw fiat money, you typically need to go through an utterly tedious verification process that can take months.
Some exchanges have been accused of withholding funds for vague and nondescript reasons. Lawyers sometimes have to get involved.
So, what does that mean for you?
At best, you might be exposed to multiple exchange rates to withdraw your funds into your domestic bank account (for example, IOTA > Bitcoin > USD > GBP), thus introducing uncertainty into the value of your assets and increasing risk. At worst, your crypto assets might not be available if/when you need them.
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Every action must experience the name of risk. In accordance with the benefits generated, I don't think the risk in the crypto world is surprising if the risk is also quite large. Besides the missing funds, we also have to be ready to lose the investment that has been entered because we panicked in making a sale transaction.
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One of the risk if you invest in cryptocurrency is Market Manipulation
Although it’s never been conclusively proved, it’s widely assumed that insider trading, collusion, and market manipulation is rife across the crypto sector.
Indeed, experts now believe that the huge crypto rally in the second half of 2017 was primarily driven by a small group of people with vast crypto assets working in tandem.
Even on a day-by-day basis, there’s plenty of evidence that points to manipulation. Coins shoot up by dozens of percentage points over the space of a few hours, only to dramatically fall back to their previous levels the following day. These incidents are referred to as “pump and dump” schemes and take advantage of people’s fear of missing out.
Sell walls (accumulating coins cheaply ahead of positive news) and dark pools (anonymous trading away from exchanges’ eyes) are other common market manipulation tactics.
Because crypto is so unregulated, all these morally-questionable schemes are harder to prevent. Nonetheless, they create a considerable amount of risk, especially for novice investors who are not familiar with the underlying market mechanics. If you fall into one of the manipulators’ well-laid traps, you could take a substantial financial hit.
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I think that main risk is scam and dead coin... there are many good coins that initially have good liquidity and then after 1 year they simply disappear because no one trade them...
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One of the risk if you invest in cryptocurrency is Longevity The ballooning number of altcoins represents a risk to an investor. It’s impossible to put an exact figure on it, but it’s thought there are between 1,600 and 2,000 in existence. And it’s incredibly difficult to know which of those coins have realistic, mainstream, long-term potential. Remember, there are still very few real-world examples of blockchain and cryptocurrency adoption. The price of the coins is predominantly being driven by speculation. However, despite the lack of real-world adoption, there is still a considerable amount of capital invested in altcoins. According to CoinMarketCap, 15 have a market cap of more than $1 billion and 57 have a market cap of more than $100 million.
Even if you’ve read the associated whitepaper and performed extensive due diligence, you still might find that the coin you backed doesn’t amount to anything and the value drops to zero. The more coins that are in existence and competing against each other, the greater the risk of this happening.
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One of the risk if you invest in cryptocurrency is Consumer Protection Unlike traditional banks, cryptocurrency doesn’t have any official safeguards or insurances. For example, whereas the Federal Deposit Insurance Corporation underwrites depositors’ savings to the value of $250,000 each in both banks and brokerages, crypto exchanges are not part of the program. If your exchange becomes insolvent, you will lose everything.
Similarly, exchanges get hacked on a worryingly frequent basis, often resulting in a considerable loss of money. Whether or not you get any rebate on your lost wealth depends entirely on the exchange; you are at their whim. If something similar happened at your bank, brokerage, or credit card, you’d get your money back swiftly.
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You write everything correctly, but often people do not think about the risks,because the potential profit in a short time for many is most important.In addition to everything said in the crypto-currency market, there are many manipulations and sometimes it is simply impossible to predict the behavior of the coin !
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Actually, the most risks that we will get in cryptocurrency is the uncertainty of the market. It is because of the fluctuating, volatile, and also negative issues surround. With those conditions, the risks will effect us to lose our money in crypto, more than -70%.
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One of the risk if you invest in cryptocurrency is Regulatory Issues Regulatory and legal issues are two of the big obstacles facing the crypto sector in 2018.
Because the asset class is so new, governments and banks have not yet formed a coherent fiscal policy for them. Therefore, there’s always a risk that their taxation status, trading rules, or even outright legality, could change overnight. Once again, these uncertainties mean money you’ve invested in crypto carries more risk than your capital in established asset classes.
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if in my opinion the risk in investing in the world of cryptocurrency is. we can't predict the price. so we need to experience and pay attention to every movement of the crypto price chart that we will invest.
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
In my opinion, the risk in crypto currency is We can predict the price. It is unstable. Maybe at the coming future, It will be more stable
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The risk if you invest in cryptocurrency is Human Error Human error is a risk in any walk of life. But in crypto, it’s much easier to make mistakes, and the risks are magnified. For example, if you have no experience of trading, investing, or FOREX, then crypto exchanges can be an immensely confusing place. Sure, services like Coinbase are designed for a layman. However, if you want to diversify and buy some altcoins, you’ll need to hop onto a service like Bitfinex (or one of the other leading crypto exchanges). And they are a different kettle of fish. It’s all too easy to accidentally place an incorrect order, send your coins to the wrong wallet, or even lock yourself out of your account entirely. Some trading facilities built on the blockchain don’t even have a password reset function. Of course, you’re also at risk of human error when managing your crypto storage. If you lose your private keys, you might be unable to access or use your assets. And even if you use a secure cold wallet, like a Ledger Nano S, misplacing it remains a real possibility if you don’t exercise caution. Although we think these issues are the most pertinent risks facing first-time cryptocurrency investors, there are always more issues you need to watch out for. Be vigilant and make sure you fully research any coin, exchange, or company before handing over your assets to anyone.
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In my opinion, I think one of the biggest risks one can have in the crypto world is that if someone hacks the account most especially our MEW wallet. If it happens, they hackers can access our accounts and worst scenario is they will leave your wallets empty. So I believe that we should be very careful in opening sites that could be phishing sites for us to avoid the hackers.
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for me, it's only a matter of price. Crypto prices so fluctuate, making us profit and loss in an instant. and for hackers problems. it depends on each individual. if we can take care of our assets, it will be safe.
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The biggest risk in the crypto world is that, in the case of investing, there is a high probability of facing fraudsters. Now there are too many projects that are created only to deceive investors. By investing your money or time in such projects, you can lose everything, so I think this is the main risk for all of us.
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The risk if you invest in cryptocurrency is Market Volatility, bitcoin crash 2018 vs dotcom crash 2000 The sharp decline in the value of cryptocurrencies in 2018 is well documented. The MVIS CryptoCompare Index has lost 80 percent of its value since January. That’s worse than the dot-com crash (78 percent) back in 2000. Bitcoin which peaked at $20,089 on December 16, 2017 has barely broken $7,000 since April 2018. It’s a similar story across all other mainstream altcoins.
But that only tells half the story. Volatility in the crypto markets has always existed. We’ve seen plenty of other similar crashes before:
-. 2011: The first Mt. Gox hack resulted in a 95 percent loss.
-. 2013: A possible banking issue in Cyprus saw 52 percent wiped off the value.
-. 2014: The second Mt. Gox hack led to a 63 percent loss.
Ultimately, buying cryptocurrencies could result in losing everything you invested in them. You should never invest more than you can afford to lose.
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The scam is a fear for me in investing crypto. In addition, there are many people suffering losses due to ICO scam, so I am always vigilant and careful before investing in ICO.
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Goverment and hacking :)
There are too much of new problem with crypto exchanges: EtherDelta, Cryptopia... Just save your tokens in your Cold-Wallets.
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Since there are no any regulations, it is always open to be manipulated. So you should follow the whale rules and try to guess their moves. Also, there are so many scammers, so it is very high percentage to be scammed in this market.
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
Its the longterm volatility since crypto-currency are relying on happenings on the crypto-space including government regulation issues, thats why its been called speculative in nature more on hype and not on real situation. I think thats the main problem of the cryptocurrency.
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There is always a high risk of losing moneyIn the cryptocurrency market. This risk exists in any kind of investment. To get a good profit you need to take risks. A big risk of investment is when you do not analyze the project before investing money.
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Maybe it'll sound weird, but the main risk is putting too much faith in cryptocurrencies. You could get addicted to crypto trading and lost clear view on the situation because of confidence and blind faith in crypto I know many people who get obsessed about crypto. You just can't forget that it is only a way of earning money and/or an interesting technology.
Here you have interesting article about it on Buy Coin Now (https://buycoinnow.com/blog/buy-bitcoin-when-the-price-is-low)
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
I am not sure what will be the risk after price fluctuation i am sure majority of the people who go into crypto space is afraid of price fluctuation, i guess the second thing that go into their mind should be being scam by ICO.
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a lot, but what I often experience is public fraud, like taking other people's data without permission, dev running, the team gets legal problems and much more
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
In my opinion, the main risk in cryptocurrency, You will lose alot if you are not doung in the right time to buy and sell. I think.
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The risk is that of loss. You may lose all your money if you are not disciplined and trained. This loss if not properly handled may lead to depression and other life-threatening issues.
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Hello, I want to ask.
In your experience, what risks are the main problem in crypto. Besides price fluctuations. Please share your experiences according to what you have experienced until now. Thank you for your time.
Every investment has risk mate, I agree with this opinion. In my opinion the risk in cryptocurrency is oanic selling and buying.
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Due to fact that there is no decent regulation for exchanges and projects you may lose all your investment in a single day. I think it is the main reason why the market cap still decreases.
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Risk is always linked to Crypto investment or Any kind of investment and it is unavoidable, it will always be connected when it comes to money. That's why crypto investment is only for risk takers but loss in investment can be avoided by studying the market chart and movement of crypto. Last thing, Only invest what you can afford to lose.
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The main risk is always associated with the loss of their funds, when, for example, there is a closure or bankruptcy of exchanges and the user did not have time to pick up their deposits. The user also runs the risk of making a transaction when entering erroneous data.
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Cryptocurrency is a digital currency. Crypto is a biggest project. Cryptocurrency is main risk causes of there are have dishonest crypto hunter in the market. So, the main risk in cryptocurrency.
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SCAM Project: this is very risky for cryptocurrency traders and this also makes me think twice about participating in the #DevelopmentTeam that is in cryptocurrency.
Hacker: All computer tools created must have input and output, so cryptocurrency also has inputs and outputs to crack.
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I think the risk of investing in crypto is also very high risk, if you can understand and learn about how to make profits in crypto, I'm sure you will also find it easier to make a lot of profit. So you also won't lose profits.
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Many people thinking for cryptocurrency. Because of cryptocurrency totally made by the project. So providing free mining crypto currency to tub. It is very mainly risk from the project.
Good,you are right
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Here are 10 lists from Forbes articles for the top risks of cryptocurrency: https://www.forbes.com/sites/dantedisparte/2018/07/21/beware-of-crypto-risks-10-risks-to-watch/
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Welp, since all the transactions are consisting of virtual data from electronic device (computer).
Attackers are everywhere. be it scammers or hackers. Im not pretty sure if there is say "near" perfect virtual/online security.. since the "internet" is by what it serve as purpose... network sharing by users...
just to add
If the world depended on cryptocurrency.. there will be many loses if an EMP attack (which disables all electronic devices..) breaks out and take down most networks
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I think the biggest risk in the world of cryptocurrency is investing in cryptocurrency. Because the prices of the cryptocurrencies that we invest in are not stable. Maybe a big profit can be made and maybe there can be a big loss. So I think the biggest risk in cryptocurrency is investing and trading.