How risky is cryptocurrency trading?

[unhappy triad]

Lol it is . Just this week I almost lost all my money in trade due to the down trend. I will say it's greed that caused it as I could easily have avoided this but then i didn't. When I could have easily cashed out I was waiting for something bigger. I'd say I had poor judgement.

 

[FreshKaz11]

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.

Like I always said,anytime you wanna go into that investment,you should never use your hard earn money for it,the best way to go about it is to use your left over money to invest in it,and what I mean by left over is the money you know when you loose it,it won't affect you in anyway.

 

[Peppul]

It should be noted that the concept of cryptocurrencies itself is innovative, there are no historical data and experience that allow you to assess how much you can trust in. Bitcoin, like other cryptocurrencies, is still under development. Thus, something completely unexpected could happen to it, which invariably happens at the development stage not only with economic objects but also with experimental technologies. However, being the most actively used cryptocurrency, it is less "experimental" than other counterparts. In addition, relative to traditional assets, it's level can be assessed as high because this asset is not intended for conservative investors.

 

[kayode10]

It is good to have the fundamental knowledge about the cryptocurrency you want to invest into. This will help you to minimise the risk to some certain level. Cryptocurrency are highly volatile and this makes them more riskier than any other investment. The high volatility of the cryptocurrency also give someone chance to make more money within a short period of time. But it is proper to have good knowledge about the trade before you start.

 

[Profwriter]

No business posses more risks like cryptocurrencies and it also has the highest profit margin or potential. This year has been the best year for cryptocurrencies, many do refer to 2021 as the year of cryptocurrencies boom! With the high profits also come with the high risks.

 

[GoldenLady]

For any business, you need to know what you are doing before investing money. This is more so for cryptocurrency that is really too volatile.

You have to know how to manage transaction fees, the best currency pairs to use and much more.

 

[Hasan Raza]

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.

Yes definitely dear you are totally right. Due to great Volatility there is much chance of loss and the risk is higher in Cryptocurrency trading. You must take training properly and after experience you take risk of investment. I have lost much dollars in this sense

 

[Shigobad2020]

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.

Crypto currency trading is always risky and all other business are risky too, but if you don't take the risk, you will never achieve anything in life, crypto currency business and mining is a great business that is yielding good possible returns at the moment.

 

[Ub40]

In my opinion, I will say there is risk associated with one business/investment or another and cryptocurrency is not an exception. It is a 50-50 thing. No pain, no gain. You must take risk to make money in crypto trading. That is my take.

 

[Oluwasube]

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.

Risk management in crytocurrency trading is very essential because it will help in controlling your investment discipline. Crytocurrencies is very volatile and are prone to move up and down which may mean profit or loss to the trader.

 

[Tinaconcept]

Cryptocurrency trading just as every other business is risky most especially when one buys an unfriendly coin you will loose and feel like giving up on cryptocurrency business but just as every business out there patience and determination is key and what keeps them running.

 

[Erik4150]

Cryptocurrency trading is not that risky. You just have to follow a simple strategy and you will succeed even as a complete beginner. Cryptocurrency trading is not technical or complicated like forex.

 

[Abbeyola]

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

Trading in cryptocurrency is a highly risky for of business that people venture into, but for those that really knows about foreign exchange, they can make lots of money, because they understand how it works.

 

[Mawome]

Trading on crypto currency involved a lot of risk, I tell you it's not something you join when you have nothing inside your brain, and one single mistake you gone The Mone is good, so everyone should be very careful this time aud don't involve in any business you have no idea

 

[Lyrrex]

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.

 

[Dowenship]

Since the day I started trading with a demo account then i realize that trading is not for kids at all. Because it prediction is unpredictable and people are making money out of it. I believe that if a person is very good in predicting/ betting he's on his way to riches.

 

[Good-Person]

I remember buying cryptocurrency from one guy and the when I bought crypto, the value immediate went down. I think you just need to invest in the right cryptocurrency in order to make Profits. Unfortunately, no one can accurately predict the value of cryptocurrency. Trading Cryptocurrency is just like trading stocks. You may gain profits and suffer from loss as well.

 

[Ehizzy1]

Crypto currency trading is really risky i think because now that there are many coins in the market , its best to make research real well ,so you will not invest in a very voatile and then you will now complain you are making more loss as usual i think

 

[eenya00]

The crypto market is very very highly volatile which makes it also very much riskey. Trading on cryptocurrencies requires you to keep your emotions on check and apply very sound money management technique.

 

[Princeeffiong]

The risk in crypto currency is much and it can cause heart attack if care is not taken. I have always advised that don't used all your life savings to trade or invest in a crypto currency business. The market is very volatile and it not controlled by anyone except by the volume of tradings going on in the market.