How risky is cryptocurrency trading?

[CeeJase]

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
[automerge]1619791881[/automerge]
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

I can remember the last time I invested in Litecoin, it only took 3 days and it price dropped so much that I almost felt so stupid investing a penny in the coin. It's just the life of cryptocurrencies and there is nothing one can do.

 

[Ralphjoe]

Actually cryptocurrency is very risky and trading in it is a very risky venture that you need to be more aware of. The truth is that there is no venture in which you can stand to make gain from that isn't risky, so the only ways through which you can minimise this risk is to get the requisite knowledge of what trading in cryptocurrencies entails.

 

[Damscooguns73]

Concerning how risky is cryptocurrency trading. Well, I will say that the level of it risk lies on the volatility of the market, that is why it is advisable to put in money when you notice a drop in the market value. Another risk could be the fear of insecurities and hacks on wallet

 

[joy101]

Trading in cryptocurrency we know there is risk but you need have experience in cryptocurren trading before going into it, you have to learn about cryptocurrency trading before going into it.

 

[btaliat]

The choice of your coin will be determined by why you intend to do with the coins. For instance, you can't choose the coin for trade and still choose it for hoarding. So you need to know whether you want to trade first or you want to hoard.

 

[Senator]

Very true talk there. You should know your risk appetite level before trading the cryptocurrencies market because it is truely very volatile. Be decipline in the level you want to take your profits and don't let greed overshadow that decipline

 

[Dagm1]

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 cryptocurrency market is risky but if you do not take riSk you will not be success in real life in cryptocurrency always the price up and down and if you learn and practice the trading you will be successful

 

[nimzy]

I am not that good at cryptocurrency business but I believe in every business there most be an accorded place for risk most especially online business that is either crypto before you start you most have to acknowledge the position of risk because you can be scammed at any time.

 

[Dagm1]

It is highly risky because we don't now how they created and who ceeated them and the price is just a second up or down in this way your profit is 50/50 % yes if you will not take a risk you will not be a winner in real life

 

[Eodine]

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 can actually lead to loss of funds so it better to have good risk management strategy, learn how it works to be able to accumulate profit.

 

[Patrik]

well, it's a lot of risk, but experience and losing lot of money will surely teach you how to deal with it real well and then you might start earning later

 

[Richard92]

most Time Crytocurrency investment is very risky when you do not investigate the market before investing and because it's all about prediction sometimes you will not be able to predict the market on when it rise on when it will fall, presently now people are losing their investment in cryptocurrency because of the drastic fall of the electronic coin.

 

[Eodine]

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.

About illegal activities, an article recently showed that illegal transactions being carried out on bitcoin reduced by about 40% which shows that the crypto market is also working towards a safe free investment for all.

 

[Nomad]

Crypto currency trading is very risky because the price is very volatile. You may buy it for x amount today but the very next day the price might be reduced

 

[Setfragil]

Cryptocurrencies is risky for those who do not have basic knowledge of how cryptocurrency operates. It is not a risky business if you study it to know when to buy and when noto to buy it, you will not lose your funds. It is not risky, it is only volatile in nature.

 

[cowantussie]

The risks of trading cryptocurrencies are mainly related to its volatility. ... 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.

 

[GIFTMICHAEL]

Crypto is volatile, if you're not accustomed to its volatile nature, you shouldn't just waste your time on it, trying to gain through trading, cos you might regret putting your funds there if you're not ready to risk the value of your coin.

 

[Richard92]

Crypto is volatile, if you're not accustomed to its volatile nature, you shouldn't just waste your time on it, trying to gain through trading, cos you might regret putting your funds there if you're not ready to risk the value of your coin.

there is no business that does not involve risks and cryptocurrency investment is not exceptional, investing into currency involves a lot of race because it's all about predicting the market before investing.

 

[BTCBEE]

there is no business that does not involve risks and cryptocurrency investment is not exceptional, investing into currency involves a lot of race because it's all about predicting the market before investing.

yes well said there is no work where you don't get pros and cons but in my view, in crypto you have always a chance to recover your loss because its value goes up and down.

 

[Kunkun]

It can be quite risky no doubt because it is indeed volatile, it could go down drastically and causes losses also it could go up too, so it's advisable to trade long tern