How risky is cryptocurrency trading?

[Yaqoob Habib]

Due to the high levels of volatility, the cryptocurrency market can be considered risky. Before you start to trade cryptocurrency,you should outline your appetite for risk, and implement a suitable risk management strategy.

 

[Chizfab]

It is very risky, once you make a decision, it either makes or take away money from your pocket. It is an upgraded form of gambling and so it is a high risk game. Within a second, you can just lose a fortune or earn. However, it is better to be well grounded and experienced in trading before venturing into it.

 

[Atif3786]

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.

 

[Kayzzy3]

Due to the high levels of volatility, the cryptocurrency market can be considered risky. Before you start to trade cryptocurrency,you should outline your appetite for risk, and implement a suitable risk management strategy.

Quite risky but rewarding too, although everything is a risk and nothing is riskier than not taking a risk.

Trading in Cryptocurrencies needs to be learnt and practiced, so that the risk of loosing investment will be minimized, personally I don't yet understand crypto trading, so I'm still laying low. It's risky but if done well, it is very rewarding.

 

[Tundeoguns1]

How risky is crypto currency trading. Well that's a very interesting question. I think the risk of crypto currency is very high, because there is always a risk in anything we do. But in cryptocurreny if you are not good at managing risk i will advise you not to go for crypto currency because you might lose all your investment money with no gain.

 

[singlej007]

Cryptocurrency is very risky because it is very volatile and at the same time cryptocurrency is very profitable if it rises, I prefer cryptocurrency to binary, forex etc.. Binary, forex and the rest are full of loses only %10 of traders make little profit on those site.

 

[Mahnoor]

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 though cryptocurrencies are designed to be theft-proof, there's still a considerable risk for fraud and cyber-crime.

 

[Royalty]

Since the creation of the crypto-era the potential for using the anonymity of cryptocurrency to commit cyber crimes with greater protection has been a running theme that crypto users have had to deal with.
another risk of cryptocurrency is Handling Private Keys, Paying too much to trade, Missing out on the next Choosing an insecure trading platform, Big bull run, Picking the wrong cryptocurrencies to trade, Not understanding and using margin trading, Listening to the crypto twitter (crowd).

 

[Caali]

Because the higher the risks means the higher the reward it gives. I think thats the mindset of most people thats why they are doing it. In my opinion, its neither wrong or right, its a matter of personal perspective.

 

[Mariyam]

Due to the high levels of volatility, the cryptocurrency market can be considered risky. Before you start to trade cryptocurrency,you should outline your appetite for risk, and implement a suitable risk management strategy.

The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk in this trading, 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.

 

[ahmedo24]

The risk associated with cryptocurrency is as a result of the trading pressure so if the buying pressure is very high you will discover that more gains will come what does a trailer don't setting high limit always set a very realistic limits such that when they coming just tell him it's a trade-off and then buy again and continue trading within that limit as such you won't make loses.

 

[Debola]

Due to the high levels of volatility, the cryptocurrency market can be considered risky. ... However, it is likely that there will be increased regulation as governments attempt to react to the decentralised nature of the cryptocurrency market and assess the impact it could have on illegal activities.

 

[Ehizzy1]

Yeah crypto currency is very volatile and it can be controlled more by the forces of demands and supply and also controlled by social infulence and others i think and that is why the risk associated with it is very high i think , so crypto currency is really volatile to a very large extent
[automerge]1612963021[/automerge]
Yeah crypto currency is very volatile and it can be controlled more by the forces of demands and supply and also controlled by social infulence and others i think and that is why the risk associated with it is very high i think , so crypto currency is really volatile to a very large extent

 

[Lagazine]

The risk of cryptocurrency can not be overemphasized as a lots of investors has known. If I'm talking about the risk of investing I would just be considering the Ripple coin and Tron. Well, I do not really understand the way cryptocurrency platforms.

 

[Urooj]

Due to the high levels of volatility, the cryptocurrency market can be considered risky. Before you start to trade cryptocurrency,you should outline your appetite for risk, and implement a suitable risk management strategy.

No doubt crypto currencies are high volatile but the risk factor is very low according to me because the world are moving toward crypto currencies and shows good result in trading and risk factor reduce day by day and it is profitable to invest in crypto currencies i didn't have much idea but according to me it is 50% risky.....

 

[KENDRA2020]

Don't get it twisted my brother/ Sister, trading isnt that easy but if the odds are going your way, you will be glady you did and very happy that you traded but if it had gone the other way, much might not be avaliable for one to say about it.

 

[Kiko]

Due to the high levels of volatility, the cryptocurrency market can be considered risky. Before you start to trade cryptocurrency,you should outline your appetite for risk, and implement a suitable risk management strategy.

The crypto space is one of the more unique curiosities of the internet today, luring in millions of people that are eager to get their slice of what is often promised as a quick avenue to making some serious cash money. One of the less obvious risks to cryptocurrency users is the tendency to reduce profitability by choosing a platform to trade at that has higher fees than necessary.

 

[Suba]

Cryptocurrency trading is high risk but also can be profitable, so to become a crypto trader must have expertise and be able to control emotions, the level of volatility for many traders is an opportunity for profit. so it is recommended that beginners should try a demo account.

 

[Cee C Chriss]

Bitcoin has the world most accepted and deployed cryptocurrency which had been relevant for the past decade. It value and worth made it surpass every other coin like ethereum, litecoin, dogecoin etc. when it comes to investing all time. Its value and worth in the nearest future will surely multiply by it present value. It a win win for those who buy and sell bitcoin anytime anyday. It really worth investing your time, effort and money on. Its coin with a good prospect.

 

[Tayfem]

The risk about trading crytocurrency! As we know that they are volatile that is, unexpected changes in market sentiment. Anyway, anything you want to venture in and there's a good reward at the end, then let consider it to be risky and if we can take the risk and succeed, at the end we are going to have a great harvest.