How risky is cryptocurrency trading?

[Chidexstar]

Highly risky..... That's why you should invest what you can lose

 

[Bethel Victor]

Cryptocurrency is a digital means of exchange, trading cryptocurrency is like trading forex, there are risk to be taken to make profit, cryptocurrency has made much for some many and also losses.
Anyone trading cryptocurrency has to be smart and trade without emotions

 

[Romanmam]

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. It is not uncommon for the value of cryptocurrencies to quickly drop by hundreds, if not thousands of dollars

 

[Ezzyoj]

Trading cryptocurrency is very risky I think is because of high volatile. Even though with the risk, it can be profitable and encouraging when you master the loss and profit strategies. Cryptocurrency trading is better than forex trading.

 

[zenith]

You are right.trading is not for everyone,If someone don't have the patience he can't trade and you will also need the knowledge and to get the knowledge again you have get somebody who is good in trading and be ready to pay for it.

 

[Dowenship]

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.

At least is not risky like that of forex trading. Its highly risky too, but if a trader does not actualize greedyness with It, the trader hold make enough profit in it.
Strategies also are important and discipline. Not every time will s see profit.

 

[Shigobad2020]

Crypto currency is a risky investment, the only fear of the business is the fear of crypto currency being dropped , but as at now coin like bitcoin, litecoin n and ethereum are doing well in the market right now, so do now its not risky.

 

[Yunglegend]

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
[automerge]1613405931[/automerge]
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

 

[mubinadaddy]

I always advice anyone that want to venture into cryptocurrency trading that it's risky oooo but the risk in it is a calculated risk if only you study project very well before you start the investment. So don't just go into it if you are not ready to accept the risk either good or bad

 

[ahmedo24]

I always advice anyone that want to venture into cryptocurrency trading that it's risky oooo but the risk in it is a calculated risk if only you study project very well before you start the investment. So don't just go into it if you are not ready to accept the risk either good or bad

You are right , if one is not calculative in Crypto currency Investment it will be disastrous and depressing because they are volatile but if you know their behavior you will be fine.

 

[Folaham]

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.

Infact one should never invest what he can't afford to lose in any virtual currency because their is no legal or government backing to these trade in most countries. No one to turn to should everything crumble

 

[Josemendez]

The fact is that the high volatility of cryptocurrency makes it very risky , however with a good research and planning , the risk can be managed to an extent. Trading with top coins is not really risky as trading with new altcoins . Thus , it is safer to trade coins like Bitcoin, litecoin , ethereum ,etc

 

[Chidexstar]

Highly risky

 

[Princeeffiong]

The risk in trading crypto currency is very high. First you don't know who you are trading with in case anything happens your money is gone. Secondly, you cannot control the market and you need to spend quality time to trade and study to know when to withdraw from the market.

 

[Adeyoola7]

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

 

[Afrinish]

Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange. Here you’ll find more information about cryptocurrency trading, how it works and what moves the markets.
Cryptocurrency trading is the act of speculating on cryptocurrency price movements via a CFD trading account, or buying and selling the underlying coins via an exchange

 

[Luckboy]

cryptocurrencies are VERY risky.
Nobody truly knows how this new technological application will develop. It could be that cryptocurrency is the future of money, destined to replace national fiat currencies partially or even wholly, as outlined in the previous section. If this happens, the value of fiat currencies will continue to fall against the more popular cryptocurrencies, which will become excellent investments

 

[Adasun]

Nothing in this business world is risk free.the volatility of crypto can cause heart ache if care is not taking.i just use my school fees to purchase some coins.everything is all about risk

 

[Dowenship]

Hmm....well crypto currency is highly risky but there are measures to it. There are ways to earn with limited risk to take. The Votality of crypto is more measurable or reasonable compare to forex trading.

 

[ahmedo24]

The risk in cryptocurrency immediately is the fact that it is volatile and if you want to trade it you must be are aware that their could be losses that could be encounter likewise gain though if you are very informed about activities in the coins you Invested on you will always be ahead.