How risky is cryptocurrency trading?

[Grant]

There's not much of a risk when it comes to trading, as that is kind of dealt with through the crypto itself. Or something like that. The risk is the investment in the cryptocurrency to begin with.

 

[GIFTMICHAEL]

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, all profitable businesses both online and offline is full of risk. Amy one who is afraid of taking such kind of risk, isn't ready to achieve such in any investment scheme or business. So crypto is not an exemption when it comes to risk taking. We must take risk around crypto to gain it.

 

[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.

Any thing that has to do with trading and investments is very risky in as much as you are giving out your money to invest and expecting better return is a high risk investment which you need to be careful about.

 

[Nomad]

It is risky, For example, currently doge is 31 cents, let say, you buy 100 doge for 31 cents for trading purpose. What if the price does not go up, ot starts going down?

 

[Kelly5]

The risk in cryptocurrency trading and holding of the Coin lies In when the Coin owner does not know how to get into the market and when to safely take out profits as well. This lack of knowledge can make you lose your money fast

 

[Eodine]

It's important to check your risk ability to know if you are really ready to trade crypto currency as trading crypto requires that one takes risk and there's the risk of loosing one's funds.

 

[Senator]

The risk in cryptocurrency trading and holding of the Coin lies In when the Coin owner does not know how to get into the market and when to safely take out profits as well. This lack of knowledge can make you lose your money fast

This is a valid point of view you just stated here. If the coin owner does not know the left from right about cryptocurrency, and delves into trading it, he's bound to loose his money

 

[Kayzzy3]

This is a valid point of view you just stated here. If the coin owner does not know the left from right about cryptocurrency, and delves into trading it, he's bound to loose his money

Also, it is good to take calculated risk that will yield positive outcome, if as a cryptocurrency holder you want to increase your holding and your fortune invariably, you have to learn how to trade and start trading.

Yes! Trading is risky but it is also profitable, the risk shouldn't stop you from trading, it should rather spur you to learn how to do it well.

 

[Setfragil]

There's not much of a risk when it comes to trading, as that is kind of dealt with through the crypto itself. Or something like that. The risk is the investment in the cryptocurrency to begin with.

There is no much risk in trading cryptocurrency only when you trade on stable cryptocurrencies as it prices can also change when you trade on the volatile ones like bitcoin, ethereum, litecoin and the rest.

 

[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.

Everything in this life is risky even going out and coming in is also risky, so i beleive that crypto currency trading is also risky because it has to do with your hard earned money.

 

[Justin]

Trading and investment in any area is risky, not just in crypto currency. For example trading shares, trading forex are as risky as crypto currency. You need a proper knowledge to trade

 

[Setho]

The crypto market is a very volatile one which means that price can change at full swing very often that is why it is considered very risky because you can lose and you can also win.

 

[Senator]

One of the inherent risks in trading the cryptocurrencies market is that if you enter at a wrong time of any market movement, you stand a chance of loosing all your capital I that wrong move

 

[Stylex]

It is risky but it. brings allot of money
But as for me I have never experienced anything that is unlikely or abnormal

 

[greenie]

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.

 

[eLdavis]

If am not mistaken, investing on cryptocurrency is actually different from trading crypto currency right? I met someone that said there is no much loss in investing unless you sell your coins within a dip, is this statement true?