Today’s vehicles are being released with more and more safety features. While they have been praised by some, they have also been brought under heavy scrutiny by others. Now, after AAA has released a study focused on automatic braking systems — one of the most important components of any vehicle — critics have even more to discuss.
Recently, AAA has partnered with the Automobile Club of Southern California’s Automotive Research Center to determine just how safe today’s vehicles actually are. The automotive agency studied the performance of four midsize sedans with automatic braking safety features that detected pedestrians. The vehicles tested were the 2019 Chevy Malibu, the 2019 Honda Accord, the 2019 Tesla Model 3, and the 2019 Toyota Camry.
Focusing on those automatic pedestrian features, AAA wanted to learn how effective they actually are at keeping pedestrians safe. The results were disheartening.
The study found that the systems are most effective when a pedestrian crosses in front of a vehicle that is traveling at 20 miles per hour, and when it is daylight outside. Under these circumstances, the systems detected a pedestrian 40 percent of the time. However, when the vehicle’s speed was increased to 30 miles per hour, most of the systems failed to detect a pedestrian at all.
Other troubling findings from the study include:
- Child pedestrians that ran out in front of a vehicle were struck 89 percent of the time
- After making a right-hand turn, all pedestrian detection systems hit the adult pedestrians
- When the vehicles approached two adults standing at the side of the road, the vehicles hit the pedestrians 80 percent of the time
- When the vehicles traveled at 30 miles per hour or more, the pedestrian detection systems were not effective at all
- When tested under nighttime conditions, the systems were also rendered ineffective
All pedestrian targets used in the study were simulated, so no one was injured during testing.
The Importance of Remaining Cautious
One of the biggest criticisms of pedestrian detection systems and other automatic safety features is that they cause drivers to become complacent. When motorists believe the car is essentially driving itself, there is a temptation for them to take their focus off of the road and put more faith than they should in the automated systems. This recent study shows just how dangerous that can be.
“Motorists must remain cautious and focused on the road ahead of them at all times,” says personal injury attorney John J. Sheehan of the Law Office of John J. Sheeehan, LLC. “When they rely too much on automated systems, whether it is one particular safety feature or a completely autonomous car, it becomes extremely dangerous. That danger is there for both the driver and anyone around that vehicle. Safety features are great, but drivers must still use their heads when behind the wheel.”
One of the most troubling aspects of the study is that the automated pedestrian detection systems only work when pedestrians are at the least amount of risk anyway. Most pedestrian accidents — 75 percent, in fact — occur at night. Unfortunately, the latest study shows that pedestrian detection systems do not prevent these crashes from happening at all.
Drivers should also remember that part of being cautious is understanding exactly how the automatic systems of their vehicle work. Drivers sometimes only hear their vehicle is equipped with these features and do not attempt to learn more about them. However, these systems can only work when they are used properly. Sometimes, the driver must turn them on, while other times drivers may not be aware that signals they are hearing are actually the automated system alerting them to danger. When drivers do not take this level of care, it becomes extremely dangerous for everyone on the roads.
Although drivers have a responsibility to remain cautious, so too, do pedestrians. It is essential to always watch for approaching vehicles, even when the pedestrian has the right-of-way. It is just as important to use a crosswalk whenever possible, not to dart out in front of vehicles, and to teach children how to walk safely when vehicles are nearby.
Pedestrians and motorists have always had the responsibility to remain cautious and try to keep everyone safe. The latest study from AAA shows just how much this holds true, even with the latest safety features that are coming out in vehicles every day.
It makes sense – burgeoning human populations mean more traffic and more chaos on the roads the world over. Getting to work in the morning has become the number one curse of the day with thousands of cars clogging the highways and byways and traffic moving at the speed of a snail.
Extending a 2-lane road to 6 lanes seems to have little impact on lightning the traffic load and the queues continue to stretch for miles. If it were not for traffic signs and warning signals, you would be inclined to think you are on a highway to hell with all the chaos and increased probability of accidents.
Traffic Management Systems to Keep Traffic Flowing
At least traffic lights and road signs play a role in keeping the traffic moving and under control. A traffic product manufacturer is aware that soon there will be more than 2 billion vehicles trying to move around the many roads and they have to come up with products to avoid traffic jams and chaos.
Keeping vehicles moving will require innovative traffic management systems, and Eltec, with their more than 50 years as a world-class manufacturer of traffic control signs and safety equipment will continue to have a huge role to play.
Their focus is on programmable timing products and pedestrian safety with these products which they design and manufacture. All these products are easy-to-install, they are Internet-connectable and they are available in solar/DC or AC power and available with day- or night settings.
Traffic Devices with Remote Monitoring
In addition to LED technology, all ELTEC’s traffic products are cloud-connected devices that allow for remote monitoring of traffic devices. This is important for programming flashing crosswalk beacons which are found in important pedestrian crossing areas such as schools. These systems are advanced, eliminating the need for a technician to program them.
Look at the role of a Rectangular Rapid Flash Beacon (RRFB), for instance, and the way it can prevent pedestrian fatalities.
The RRFB is a traffic-control device used together with pedestrian warning signs. The idea with them is to provide drivers with a high-visibility strobe-like warning to drivers that cyclists or pedestrians are using a crosswalk. These beacons can improve safety at intersections where there are not enough other signals and signs.
Attention – Pedestrians Crossing!
An RRFB is a pedestrian-activated warning device with a yellow LED rectangular flashing light. When you see this flashing light your attention has to be on the crossing, knowing that pedestrians are likely to be crossing the street. It is equal to an emergency flashing light on a police vehicle.
ELTEC’s traffic control products are all customizable to meet your specific needs and you can discuss all the warning system needs with them. This way you ensure that in your area drivers, pedestrians and cyclists are that much safer.
Texas is one of the greatest states in the US, famous for its rodeos, cowboys and amazing BBQs, but there is another thing that Texas is famous for which isn’t celebrated as much as it is loathed – Austin traffic. Traffic in Austin is notoriously bad, and in a rush hour it can be extremely easy to get into a car accident if you don’t familiarize yourself with the laws and roads of Austin and make sure that you’re driving safely. Here are some things you need to know about driving safely in Austin.
Know the Speed Limits
Another reason that driving in Austin is so famous yet so dangerous is the crazy speed limits that are in place in parts of the city. A 40 mile stretch of the SH130 toll road from Austin to Seguin has a speed limit of 85mph. As the average speed limit is 55mph for highways, an 85mph road will be crazily fast and increasingly dangerous, especially in wet weather where cars a more likely to spin out of control. Make sure that you’re aware of the speed limit wherever you’re driving in Texas, as driving too slowly when others are speeding past you is just as dangerous as speeding yourself.
Prepare for Rush Hour
Rush hour in Austin is famous for being difficult to navigate, and also dangerous due to the high amount of people who drive commuting to and from the city for work every day. Usually between 6am to 9am and 4pm to 7pm, rush hour in Austin can cause delays of up to an hour if you are heading into the north of the city, as this is the busiest part. Rush hour is particularly stressful if you’re not prepared for it, as people can be driving while fatigued and become incredibly impatient, potentially causing accidents, so make sure that you always monitor the traffic before you travel so you know what to expect when you hit the road. You can be the most careful driver in the world and still suffer from a crash because of another driver who was not being responsible, so make sure that you contact a lawyer if you’ve been in a car accident to make sure that you are fully protected if the other driver files a court case.
Prepare for Bad Weather
While Austin is hot most of the time, there are occasions where the heavens open and the roads can flood and ice can form, making driving in Austin incredibly difficult and dangerous during these times. Flooded roads are dangerous as your car can suffer from water damage and even worse, you can essentially drown if you attempt to drive on a flooded road. Icy roads are incredibly dangerous as you can’t control your car as well as you normally can, consequently increasing the risk of accidents. No matter where you are, you should always take precautions when the weather is taking over the roads, so make sure that you drive safe during these periods in Austin.
When you’re driving anywhere in the world, you need to be as prepared and as cautious as you possibly can, but this especially applies to cities like Austin where there is constant reconstruction and rush hour traffic to navigate.
It’s difficult to keep up with all of the cybersecurity threats to your business. As news comes out daily about privacy and security breaches, legislators try to keep up.
There are a number of cybersecurity laws and regulations that you need to be aware of as a small business owner. You don’t want to be like one of the major companies hit with fines or lawsuits because you didn’t comply and were attacked.
What are the cybersecurity laws that you need to comply with?
Read on to find out the laws, regulations, and how you can protect your business.
Cybersecurity Laws and Regulations
The important thing to understand is that there isn’t one unified policy that governs cybersecurity. There are laws at the federal level. There are also laws passed by individual states, which can make it incredibly confusing.
On top of that, your particular industry may have specific regulations governing data privacy and international laws that impact how you collect and store data.
Main Street Cybersecurity Act
This is an act that was passed by Congress and signed by President Trump in August 2018. The law doesn’t have any specific guidelines or regulations to comply with.
It’s only meant to give small business owners the tools and information they need to prevent and handle cybersecurity attacks.
Other Federal Laws to Know
For the most part, federal laws don’t have any real requirements to abide by. The Cybersecurity Enhancement Act of 2014 is a voluntary program to enhance cybersecurity systems.
Other laws don’t impact small businesses, but federal agencies. For example, the Federal Exchange Data Breach Notification Act of 2015 requires the federal government’s health information exchange to notify people whose information was exposed.
If you are a contractor with a federal agency, you are going to have to comply with that agency’s data policies. You also have to meet the General Services Administration’s data regulations in order to work with the federal government.
Since the federal government doesn’t have any hard requirements to manage security breaches, it’s largely up to states to pass legislation. Two states that have done so are California and New York.
California Consumer Privacy Act
California passed one of the most strict laws in the nation governing cybersecurity and data privacy. This law is due to go into effect on January 1, 2020. The state will offer a six-month grace period for companies to get into compliance.
Expect full enforcement on July 1, 2020.
What does this law require small business owners to do? Before you panic, it really doesn’t impact small business owners. It is only for larger tech companies that have over $25 million in revenue. About half of all revenue must come from personal data sales, which is usually advertising.
It’s loosely based on Europe’s GDPR regulations, which is designed to give consumers more control over their personal data floating around online.
Get Ahead of the Game
The good thing about California’s law is that it’s forcing other states and the federal government to address data privacy in their own jurisdictions.
The best thing you can do is put systems in place to comply with GDPR. That’s the General Data Protection Regulation put not effect by the European Union in May 2018.
What this does is give consumers the right to know what type of data is collected, how it’s used, and how it’s stored. They also have the right to ask for that data and have it removed.
You’re very likely to see similar stat regulations to protect consumers in other states and possibly the federal government. It would be wise to put systems in place to comply with GDPR now so you can be well ahead of similar regulations passed elsewhere.
Protecting Your Business from Cyberattacks
Even if you abide by all of these rules and regulations, you can still get hit with a cyberattack. Businesses have had to cease operations within six months of an attack.
Here are a few things you can do to protect your business.
If you’re responsible for a treasure trove of data or you have a small business, cybersecurity insurance is a must for your business. Your general liability policy is unlikely to cover such an attack or loss of business because general policies tend to cover only physical property damage. To protect your hand, you use gloves. You can order gloves from a different marketplace like Everprogloves.
Cybersecurity policies range in scope and coverage. You can view here to find out more specifics about these policies and what they can cover.
Believe it or not, you can hire hackers to break into your systems. This will help you identify where security breaches are. These people are known as ethical hackers. They know the tips and tricks that hackers use to breach the most secure systems.
Have a Plan
You have to act with the assumption that a security breach will happen. As you can see from the various regulations and laws, you have to have a way to discover and report the breach.
Your plan and systems should be designed to protect your data, detect breaches, and act accordingly. You need to have a documented policy in place.
You should also document all of the steps taken to detect and secure any breaches. The documentation will help protect your business later on should there be any legal issues.
Stay on Top of Cybersecurity Laws
The world of cybersecurity is a confusing one. Not just from a technical perspective, but from a legal perspective as well.
You need to know the various cybersecurity laws or be subject to fines. You can’t say that you didn’t know and hope that holds up.
It’s ultimately your responsibility to know the federal, state, and international regulations that are passed and updated. It’s difficult to do because you already have so much on your plate as a small business owner.
If you need legal help, check out the directory to find an attorney who understands cybersecurity laws. That will ensure that your business is protected from a legal standpoint.
Most medical professionals take an oath before they begin practicing to promise to not do any further harm to their patients. Medical ethics is crucial to maintain an effective and helpful health care system. While sometimes deciding what the ethical choice may be, health care professionals must work to provide the best treatment for their patients. The ethical choice also might differ depending on which physician you ask. Many ethicists agree on four basic values to keep in mind when deciding on a medical ethics choice, which are autonomy, justice, beneficence, and nonmaleficence. They must also look outside of their own personal values and keep in mind the values and wishes of patient’s and their families.
Medical ethics ensures that physicians will make choices in good conscience. In many medical cases and emergencies, a patient is not able to make choices for themselves, leaving their doctor to make decisions for them, keeping in mind what’s in their best interests. One of the most important reasons to uphold medical ethics is to strengthen the doctor-patient relationship. A strong doctor-patient relationship can allow a doctor to provide better care for their patients.
Arguably the most important part of the doctor-patient relationship is the need for a patient to be able to trust their doctor. A patient’s trust in their physician is typically associated with better outcomes from treatment. Trust is needed for patients to effectively address their needs to their doctor, as well as for their doctor to listen to these concerns. Aside from medical results, it’s also important for everyone to feel well-cared for when they seek medical treatment. All patients have the need to feel comfortable receiving care from any medical professional. Trust is the foundation in any relationship, for the one you have with your doctor to the one you have with a motor vehicle accident lawyer.
What is informed consent?
Informed consent is a necessary part of medical ethics. It’s also an important part of maintaining a healthy doctor-patient relationship. Informed consent involves a healthcare provider explaining the details of treatment, including the risks and benefits to their patients. When patients are given adequate information about their care, they’re able to make decisions for themselves if they’d like to go through with that treatment, consider other options, or turn town treatment altogether. In most cases, typically excluding emergency situations, informed consent is the law and permission must be given to provide treatment.
Importance of Informed Consent
Anyone without medical education can’t make well-informed decisions about their treatment on their own and require their doctor to aid them with this. Patients are often given the choice to either receive medical treatment or deny it. Minors are not generally considered to be able to make decisions regarding their medical care, but doctors still have a responsibility to keep informed about what their treatment entails. Those who aren’t able to make decisions for themselves will often have a court-appointed proxy who can act on their behalf to make it for them. When a person isn’t able to give consent, it’s especially important for doctors to act ethically.
Informed consent is needed most times a patient receives care, such as routine blood tests. While many medical procedures can save lives, they can also be extremely difficult and have the chance of reducing the quality of life for patients. For example, if a patient has a terminal illness, but treatment can be provided that might make the remainder of their life painful or difficult, they might understandably want to turn it down. Patients have autonomy and a right to be able to choose what happens to their bodies, and the only way they can properly do this is with the guidance of their physician. If doctors alone were able to make these life-altering decisions for their patients, people would often be subjected to pain and hardships against their will.
Without informed consent, a patient can’t fully be able to trust their physician. Communication needs to be open for a patient to truly receive proper care. Doctors also need to understand the importance of transparency in their conversations with patients. Information regarding treatment should be unbiased to allow patients to decide what is best for them. When getting consent, it’s important for a physician to truly care about educating patients and respecting them, rather than convincing them to hand over their signature. Medical ethics play a heavy role in informed consent when doctors need to act according to what their patients want, not what they would want if they were in this situation.
Do you own valuable property that you’re hiding around your house? Under your mattress? In the freezer? If you’re a gold and silver investor, a coin collector, own heirloom jewelry, or possess other valuable property such as antique guns and artwork, you’ll sleep better at night knowing these items are safely secured in a solid storage vault guarded by a well trained security team armed with cutting edge surveillance and IT support. In fact, even cryptocurrency or virtual currency requires more security than you might have imagined. Wise and seasoned money people know that one can never be too secure.
Storage vaults are secured in a highly secure warehouse, so they are protected from the outside elements and often have top of the line security. Before choosing a storage vault provider, ask about their security system and temperature control. They should have numerous security cameras in place as well as limited access to the vaults for authorized employees only with a system of procedures for securing valuable assets–even from employees.
For the business traveler, if you want access to your storage vault when you’re on a trip, many vault companies also provide secure delivery services to key locations around the world. This is a service you’ll definitely want to consider before selecting a storage vault company. Do you really want to leave these items in a questionable hotel safe after all the time you’ve spent securing them at home?
You’ve invested so much care in protecting these items through the years, and therefore, making the modest investment in protecting them is quite literally, a sound financial decision. The same care you take in selecting a financial lawyer should also be used in securing your private information. In fact, many business executives secure their corporation’s most important and private documents in storage vaults. The discretion and privacy of a storage vault is also an added benefit in keeping your most valuable data and possessions away from the prying eyes of competitors or modern hackers who seek data almost as much as hard goods in today’s black market.
With many vault storage companies, you can lease a small space or an entire vault dedicated just for you.. Armed with specially trained response teams, secure IT services, 24-7 surveillance using all the cutting edge technology, vault storage companies have access to security your home can never provide. Generally, these companies provide multiple layers of backup security and power generators in the event of power failures during emergencies and other contingencies–when your property is at the most risk. And let’s face it, how many of you have a security system like that in our private homes?
The layers of security a company can provide include dual key security, tamper proof seals, and obviously, owner verification procedures that make it impossible for anyone other than you to access your safe, vault, or safety deposit box. In addition, you can view, withdraw, or deposit your assets anytime, day or night.
A storage vault in Los Angeles with a solid track record of safety, security, and discretion is the first step toward protecting your family’s legacy possessions. Criminals want what you have. Competitors want what you have. You’ll sleep better at night knowing you’ve safeguarded your most prized valuables, prepared for their distribution through estate planning, and secured your most important documents by choosing a company with a solid reputation in your community.
In Rome both men and women are getting tattoos at Aureo Roma Tattoo & Gallery on a regular basis in the Italy’s largest city.
Are Tattoos Legal in Italy?
Tattoos are pretty much legal everywhere in the European Union as long as you are over the age of 16 in most places and 18 in others. In Italy you have to be at least 16 and must have written consent from both parents.
What are the Most Popular Trends in Italy?
Many Italians and those of Italian descent choose to get the Italian flag as one of their tattoos. Also, Italian scripted sayings are very popular as well. They have sayings such as “Your good actions should haunt the world.” And, “Freedom is pleasure and flight to freedom is victory.” Another popular saying is “Strength of character lies in being calm.” And don’t forget, “Life is beautiful.” Or, “Family is everything.”
As far as artwork and designs go, Italians tend to opt for the winged back, or horned emotions, while using vibrant colors and old world designs. Michaelangelo tattoos are a staple in Italian culture of course, while brothers like to honor each other with matching tattoos as well.
Are Tattoos Safe?
In this day and age most tattoo artists wear gloves and are very careful to sterilize all needles and working materials. Diseases like Hepatitis and HIV. These are both scary propositions and no one wants to deal with either of them. Tattoo shops are places where you can contract both of those diseases. However, it’s not that common in today’s world.
The safety standards of the tattoo industry have grown over the years. With a heightened awareness and overall common cleanliness, people aren’t so much at risk any more of catching a disease at a tattoo parlor. Tattoo artists make their living on not only being talented but being known as clean. Most of their business comes from word of mouth and if word gets out a shop or artist is not clean or responsible then he or she will be out of business very quickly.
There are studies suggesting that people with multiple tattoos have been more likely to contract blood borne pathogens although they didn’t factor in lifestyle which may be a more telling reason why people with multiple tattoos are more at risk. However it is a lot more common presently to have multiple tattoos which is becoming the norm all throughout Europe.
Steps to Increase Your Safety
The best thing you can do is be aware. Watch the artists take the new needle out of a sealed bag. Inspect the shop beforehand for its cleanliness too. Make sure the artist is washing their hands when putting on and after taking off their gloves. Also, only get a tattoo done in a licensed shop.
Have you ever seen an episode of The Office? This iconic TV show often portrays how personalities clash in the workplace.
When employees congregate, it’s almost inevitable that some won’t get along. What happens when a co-worker’s poor hygiene or odor begins affecting your productivity? How should the office respond?
Keep reading to learn everything you need to know about body odors in the office.
Identifying Poor Hygiene Problems
Workplaces should be safe and inviting for all employees. When one employee’s bad breath or body odor offends another, what action should get taken?
Is there a body odor workplace law to seek advice from? Currently, there’s not.
The best course of action for an employee is to report the situation to their HR manager.
Wrongful Termination, Discrimination, and Harassment Concerns
HR managers must remain sensitive when dealing with these situations. Why?
Not all offending smells are a result of poor hygiene. Some odors are a symptom of a disability, which means they’re protected under law.
The Americans with Disabilities Act would protect an employee in this situation. HR would need to provide accommodations for the disability.
The main point is to distinguish where the offensive odor is stemming from. here are a few examples of what’s protected and what’s not:
- Odors from unwashed clothes: Not protected
- Odors caused by medications: Protected
- Odors caused by not wearing deodorant: Not protected
- Odors caused by medical conditions: Protected
A wrongful discrimination suit could arise if the employee gets fired for their odor.
It’s also illegal to create a hostile work environment by being passive-aggressive. Never try to placate employees by being overt with air fresheners.
Possible HR Solutions
So, what are some potential solutions for HR when informed about smelly coworkers?
First, identify what’s causing the problem. If personal hygiene is the problem, then refer to your company’s dress code policy. If the odor is disability related, then you’ll need to seek other options.
Work with the employee to create a reasonable accommodation. The solution may include a work-at-home office, or it could involve using perfumes.
How Can I Manage My Symptoms?
Have you ever gotten called out for being one of those smelly people at the office? Such labels can feel very demoralizing and hurtful.
If it’s hygiene-related, then you’ll have to work to correct the problem. Here are a few solutions:
- Try a new, scented laundry detergent
- Start using deodorant, cologne, or perfume
- Shop these e-liquids to reduce the smell of second-hand smoke
- Work on improving your self-care habits
Understand your rights when a disability is causing the problem. Consider what accommodations would work for you, and discuss them with your employer.
Know Your Rights and Boundaries
Poor hygiene, body odors, and other social faux pas are a sensitive topic to approach in the workplace. Employees need to know their rights, and HR needs to know how to cope with these issues.
Have you ever experienced working with someone with poor personal hygiene? On the flip side, do you suffer from a disability that causes undesirable odors? Tell us your stories by leaving a comment in the box below.
According to numerous researches, law firms are practically not protected from theft and loss of confidential data. That is why the issues of cybersecurity in the legal sphere, as well as the interaction of lawyers with companies specializing in the collection of digital evidence, the prevention, and investigation of computer crimes using high technologies, are very relevant in the modern world. If you want to take care of your safety and anonymity on the Internet, then Bestvpnrating knows how to help you.
Digital negligence is a common problem for lawyers
Previously, in such a conservative profession as a lawyer, intellectual leadership was enough for success, now it is “vital” to use high technologies in practice. In the age of information technologies, it is vital to take care of information security, both with own infrastructure in order to protect advocate secrecy and its organizational support from principals.
How to protect your PC from external threats?
Every lawyer should know that due to the specifics of his work, he needs to protect his PC from the intruders from outside. Therefore, it is recommended to use the VPN protocol. But why does he need it, you ask? We have the answer to this question.
Why do lawyers need to use VPN?
First of all, you need to use a VPN to get a high level of Internet connection security, especially when sharing confidential information. The more switching points (routers, gateways, bridges, nodes) pass data – the higher the likelihood of their interception by hackers. Having the physical parameters of a PC or server (for example, its IP address) by means of vulnerable connection methods, hackers can penetrate it by hacking password protection. Even the operating system “Mac”, which is famous for its reliability, has weaknesses. But do not despair, because we know how to protect your Macbook.
Another reason why a private client needs a VPN connection is remote administration. If you want to protect the server as far as possible from outside intervention, you can create a “whitelist” of IP addresses which have access to it. When one of them (addresses) belongs to a private VPN server, you can safely connect to an administered server from anywhere in the world using an encrypted connection. The administration object will assume that it has been connected to form an authorized terminal, and the administrator may not be concerned about the risk of hacking.
Moreover, VPN protocols are in demand in commercial structures which work with funds and economic secrets. Virtual Private Network does not allow hackers to crack accounts or find out industrial secrets and technologies. Employees who need to gain access to the company’s network resources from home or on a business trip can establish a connection through a VPN without exposing the corporate network to hacking.
In conclusion, we would like to say that choosing a VPN service must be approached responsibly if you are a lawyer who respects the secrets of clients and is concerned about the confidentiality of information. Currently, there are over 300 VPN services on the market. The choice is great, and even too much. Some VPN services are good in terms of security, some in terms of connection speed, and some simply are no good at all. After reading this article, you will learn how to approach the choice of a VPN service, considering for what purposes you need it, and most importantly, you will not waste your money.
While investing, the risk is one of the top concerns which come to our mind at first hand. Since the crypto world is a recent discovery for most of the investors, relevant risks are crucial for understanding. Let me take the privilege to take you to the major risks involved in cryptocurrency investing activities.
Crypto-currency has not related to Bitcoin only anymore. It provides you a wide range of options and ways to invest in. There are more than 1600 named crypto-currencies available as options to invest. It provides an easy entrance for the investors but on the other hand, exit barriers are there. Technology-based constraints and issues are crucial factors which can be performing as an entry barrier. Currency convertibility is a potential risk when you are willing to exit as crypto-currency is not in domestic use. Crypto-market is still waiting to witness the peak, it is not there yet.
The intangibility of Crypto-currencies:
Crypto-currencies are intangible and illiquid in nature. This feature enhances the other features as convertibility and insurability in terms of risk. Altogether, these characteristics are worrying for an investor. Till now, any significant measure has not been taken to mitigate the mentioned risks and grey areas. Security to the investors, comparatively with the market of trading, is the crucial thing to handle. Moreover, these risks are inherited with the nature of crypto-currencies and cannot be eliminated. It always takes time to gain the investor’s trust and interest anyhow.
Fraud and Manipulation:
Crypto-currencies in today’s world is riskier due to its digital, intangible, and tech-based nature. It can be an easy target for cyber manipulation and fraud. The U.S. Securities and Exchange Commissions have considered this risk and seem intended to take part in awareness campaigns to mitigate investor’s risk. They have created a fake ICO (Initial Coin Offering) website as an alert to the market. In addition, the assets which lack clarity are mostly the ones having decentralized regulatory image that is not in control of one party. In parallel, company based assets have an upper hand in gaining confidence for cryptocurrency investing.
Asset security and control is another thing to mention when it comes to risk with crypto-currencies. The successful crypto traders and investors are going miles to protect their intangible money by using storage devices which are kept in physically secured places like vaults and lockers. This is not something which a normal investor can do easily. There can be issues with availability and affordability but it can be evaluated better in reference to the asset value.
The tech-based intangible asset contains technical and computational complexity as in bitcoin mining. It is one of the technological limitations which are correlated to complexity. It can vary with the type of crypto assets. This type of risk is inherited but it can be compensated with clear and less complex controlling system.
Should one go for the investment in cryptocurrencies?
There are many risks in cryptocurrency investing as we discussed but on a wider note, the risk is directly proportional with the return. According to professional advice, in search of a high return, you should go for the investment in crypto-currencies by covering all the corners that are mitigating major risks involved.