How risky is cryptocurrency trading

[cowantussie]

The risk of trading cryptocurrency are mainly related to it volatility. They are high-risk and speculative and it important you understand the risk before you start trading. They are volatile unexpected change in the market sentiment can lead to shape and sudden move in price

 

[BrolySSJ]

The risk of trading cryptocurrency are mainly related to it volatility. They are high-risk and speculative and it important you understand the risk before you start trading. They are volatile unexpected change in the market sentiment can lead to shape and sudden move in price

Crypto trading is very high risk and the price does fluctuate a lot. If we just look at a simple example, the price of bitcoin dropped by over 10% in the recent days because of a tweet that was made by Elon Musk. This shows how much power these people have on teh market and that is why it is risky.

 

[Damscooguns73]

Concerning how risky is cryptocurrency trading. Well, I would say that every investment has it own risk and one need to practice risk management to it. Crypto currency has it own risk attached to it has the crypto currency market tends to be very volatile. One need to be very patient and observant

 

[Sotherefore]

crypto trading can be very risky and you can stand a chance to lose so much if you don't have a good understanding of how cryptocurrency trading work,if you don't know the strategy that is used in predicting the volatile market it is always advisable for you to keep off from trading because you could put yourself in a dangerous position of losing your money except you want to buy and invest for a long time.

 

[Kingzy43]

Every crypto trading has its risk, its always a 50, 50 ball game it depends on your level of risk management

 

[Sotherefore]

Risk management is also important if you are a trader of cryptocurrency ,about from risk management it is always advisable for you to followed a lot of good crypto traders because this is where you get a lot of ideas and understanding of how the market movement is and it will be a tip for you if you are a day trader.

 

[Nomad]

Crypto currency trading is very risky. No one can predict the price and the pric may go down within minutes. If you wnat to profit, consider investing for a long term

 

[Kunkun]

Crypto currency trading can be risky no doubt and that is hugely because of the volatility of the coins, so it's always advisable to trade in the long term because there would be always be dip and rises so its better to buy and hold if one is afraid of the risks involved

 

[Bookwormlux]

Crypto Currencies trading is generally very risky and you should make sure it is only what you can afford to lose that you are using to invest. Don't borrow money to invest in Crypto Currencies.

 

[FreshKaz11]

The risk of trading cryptocurrency are mainly related to it volatility. They are high-risk and speculative and it important you understand the risk before you start trading. They are volatile unexpected change in the market sentiment can lead to shape and sudden move in price

That's the more reason I can't do more of investing all my earnings in any investment online most especially into crypto currency,I could only invest what I could afford to lose if anything goes wrong why investing into it tho.

 

[Niftyyem]

It is very risky but I have learnt that the worst mistake any trader could make is to not take profits along the way in the course of trading. In fact we all need to learn how to do so in such a volatile business.

 

[cowantussie]

Crypto currency trading can be risky no doubt and that is hugely because of the volatility of the coins, so it's always advisable to trade in the long term because there would be always be dip and rises so its better to buy and hold if one is afraid of the risks involved

Life in general risk yes cryptocurrency is risky and I agree with you to trade in the long as it will make you to understand the rise and fall in the coin but it is advisable to use coinbase wallet to store your coins
[automerge]1621451037[/automerge]

That's the more reason I can't do more of investing all my earnings in any investment online most especially into crypto currency,I could only invest what I could afford to lose if anything goes wrong why investing into it tho.

Yes you are right but investing small amounts won’t make you gain a lot so you can invest a huge amount but making sure to keep some for for any misshapening
[automerge]1621451109[/automerge]

It is very risky but I have learnt that the worst mistake any trader could make is to not take profits along the way in the course of trading. In fact we all need to learn how to do so in such a volatile business.

Yes once one see a profit it is advisable to take it and reinvest some

 

[Ralphjoe]

Cryptocurrency trading is actually very risky because you will always stand a possibility of losing your investment or trade because of the high volatility of the cryptocurrency market.

 

[eLdavis]

Every business comes with its share of risks and crypto currency Comes with its own share of risks as well. The higher the amount invested, the higher the risk

 

[Ayokex]

Crypto Currencies trading is generally very risky and you should make sure it is only what you can afford to lose that you are using to invest. Don't borrow money to invest in Crypto Currencies.

Cryptocurrency is very risky just like forex trading. One the things that makes it very risky is that you hardly can decide what will become of any particular coin at any particular time. The truth is that anything can happen at at moment.

 

[Bookwormlux]

Cryptocurrency is very risky just like forex trading. One the things that makes it very risky is that you hardly can decide what will become of any particular coin at any particular time. The truth is that anything can happen at at moment.

With adequate information, it is not the case as you said. That is why it is always good to get in touch with someone who would mentor you to avoid making mistakes like this one.

 

[Cash%]

The crypto market is very volatile and this is one of the reason i tag the market as been very volatile and those that have invested could make loss if the trade is not done properly

 

[topfly007]

Due to the volatility of cryptocurrencies, the business is highly risky and should be embraced with caution in other for one not to experience lose in trading altcoins. Caution is the watch word

 

[Kelly5]

The risks involved in trading in cryptocurrencies becomes even more if you have no idea about cryptocurrencies and fine yourself trading it. It's better you get the knowledge first before attempting anything

 

[Richard92]

The risks involved in trading in cryptocurrencies becomes even more if you have no idea about cryptocurrencies and fine yourself trading it. It's better you get the knowledge first before attempting anything

there's always a high risk in trading cryptocurrency because you never know when it for rice or when it will forward it is all about prediction of the market.