Cryptocurrency Q&A
Why is cryptocurrency dangerous?
Why is cryptocurrency dangerous?
Margherita
Sun Dec 22 2024
|
6 answers
1197
I've heard a lot about cryptocurrency recently and I'm trying to understand why it's considered dangerous. I know it's a digital currency, but what are the risks involved in using or investing in it?
6 answers
HanRiverWave
Tue Dec 24 2024
Furthermore, due to the nascent stage of cryptocurrency regulations and exchange systems, there is often no recourse for those who fall victim to fraudulent transactions.
Was this helpful?
63
68
CryptoPioneer
Tue Dec 24 2024
This instability leads to significant risks for investors.
Was this helpful?
263
44
Bianca
Tue Dec 24 2024
In the case of Bitcoin, there is no safety net for losses incurred.
Was this helpful?
268
36
HanRiverVision
Tue Dec 24 2024
One of Bitcoin's major weaknesses is the lack of value security.
Was this helpful?
134
36
ChristopherWilson
Tue Dec 24 2024
Currency values are inherently volatile.
Was this helpful?
99
82
Load 5 more related questions
