How risky is cryptocurrency trading?

[Johnbami]

Cryptocurrency is very risky because if you demand for it, it is possible you receive what with you demand for and it is also possible you will not see what you demand for it cryptocurrency is very risky

 

[GoldenLady]

I think the best thing to do if you want to get involved in cryptocurrency trading is to get a mentor. There are so many people giving advice about what they have little to no knowledge of.

There are terms to learn, capital to start with, and tips and tricks that only insiders know.

 

[Dowenship]

Hmm...if i haven't tried it on a demo account i might be making mouth by saying is not that risky. But verily verily I say unto you, the votality is not predictable in any sense. Its highly risky unless you have the strategy develop from your own very self.

 

[Good-Person]

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.

This is exactly the main reason why I never invest in cryptocurrency even i could if i want. I have seen that crytocurrency is so volatile that the value changes within a few minutes. Yes, I have seen that happening. I really do not know how come people earn profits when it comes to crypto trading.

 

[Samson19]

In cryptocurrency the risks is are mainly related to the 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.

 

[chicnthin]

I would say very risky since the changes in prices come often and it's mostly big changes. Like a week ago, the price of bitcoin was around $58k but now it's only worth $45k. Though I know it will go back up again.

 

[mahdi304]

It definitely is very much risky with cryptocurrencies usually having very high volatility but that's also why it gets the attention of many traders, they trade cryptocurrencies because they're highly volatile and while you could lose a lot, you could at the same time make a lot, just be sure to only invest what you can afford to lose and also do some research.

 

[Ziki]

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.

certainly the market is a very risky one. That is why most platform for crypto trading will tell you that your currency is at risk and allow you to agree to terms and condition and agreement statement before joining their platform

 

[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.

Cryptocurrency market and business is very risky and also at the same time an avenue to make big money if you are patient, crypto currency business like buying and selling of bitcoin, ethereum . Litecoin e,t.c,

 

[Ehizzy1]

Cryptocurrency is very risky because if you demand for it, it is possible you receive what with you demand for and it is also possible you will not see what you demand for it cryptocurrency is very risky

Yeah crypto currency is really risky and its best to invest what you can afford to lose so you dont lose more money i think , i think it best for someone to just invest in top performing crypto currency , because they usually have a very good rate of increase

 

[Shigobad2020]

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.

Thou trading in crypto currency is volatile but crypto currency tfading is not risky right now, its rather encouraging and people venturing into trading in bitcoin, litecoin and ethereum are already gaining and seeing more money.

 

[Blessedsam60]

Crytocurrency is less risky compared to our conventional fiat currency. But the only risk attached to it is the exposure to hacking if not well protected. Imagine hackers managed to crack into your wallet having more than $50k worth of crytocurrency values.

 

[Sanusi]

Its risky though, and i have being figuring out how am going to know when there is market volatility, but to no avail, to me i think that's where the problem lies. But instantly an individual can know when there is market volatility, i think its not risky.

 

[DareIsrael]

It depends on what you want to focus on. Investments are always risky, but some experts say cryptocurrency is one of the riskier investment choices out there, according to Consumer Reports. However, digital currencies are also some of the hottest commodities.

 

[Good-Person]

It depends on what you want to focus on. Investments are always risky, but some experts say cryptocurrency is one of the riskier investment choices out there, according to Consumer Reports. However, digital currencies are also some of the hottest commodities.

What is your opinion about investing in Dogecoin? Dogecoin is doing well so far. The price of Dogecoin has increase but the transaction fee of dogecoin has increased also. I am considering investing in Dogecoin. But I am not sure if it is wise to do that.

 

[Peppul]

Well it's good to have an idea of what you are going into all because others are doing it which is one thing that is common btw human. Crypto currency trading is very very risky that's why if you are going into trading you should always go with a calm mind and note this at the back of your mind that you can't hit millions immediately because that's the orientation most people have. So when trading you have a high risk of having a loss than gaining so you should understand that too. So it's risky but it's worth doing too.

 

[BrolySSJ]

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.

A strategy is the most important because this prevents you from being greedy and at the same time you are able to manage your losses as well. also it allows you to make decisions that are based on facts and not emotion which is very important when you are trading.

 

[Hopey]

Crypto training is as risky as every other profit oriented investment. I think that what ever that has the capacity of making profit has an atom of risk in it

 

[CeeJase]

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.

Personally, I have no knowledge about how to trade on cryptocurrencies because it's very critical as far as I'm concerned. I'm only good at holding my coins and let it appreciate in value and then sell off.

 

[Aotosyno]

It's risky because at times the price can drop and if a large amount of money is involved it's affect the owner of the cryptocurrency and at the end the person might have bp
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It's risky because at times the price can drop and if a large amount of money is involved it's affect the owner of the cryptocurrency and at the end the person might have bp