How risky is cryptocurrency trading

[Justin]

It is risky. However, just tell me which area of investment and trading is not risky and grantees profit? Trading or investment, both are risky, but they you also do not profit without risk

 

[Dowenship]

OK...as a newbie, you have to know which one you are going for, some have their day to day job so they prefer investing than trading because trading requires more time, therefore the risk in investment is only if the coin you are investing in as no backup project, but if does then the risk is minimal. because overtime without checking your wallet it would have accumulated in price beyond your weirdest imagination over the years.
Butt if you choose to trade, it a bit riskier than investment due to the fact that FUD will crept in during your trade which could lead to some loss. Would advise you to Dyor.

 

[Kayzzy3]

OK...as a newbie, you have to know which one you are going for, some have their day to day job so they prefer investing than trading because trading requires more time, therefore the risk in investment is only if the coin you are investing in as no backup project, but if does then the risk is minimal. because overtime without checking your wallet it would have accumulated in price beyond your weirdest imagination over the years.
Butt if you choose to trade, it a bit riskier than investment due to the fact that FUD will crept in during your trade which could lead to some loss. Would advise you to Dyor.

The long and short of all this is that cryptocurrency trading is risky especially for those who doesn't want to learn the basics of the the trade.

But come to think of it, what isn't a risk? As humans we take risk daily, we do what we do most times without recourse to the outcome of the actions we take. It's same thing with Cryptocurrency trading.

 

[Trexxxy]

Crypto trading is very risky just like a lot of people have said in the comments. The volatility and the prices make it very risky and you could lose all your money if you're not careful.

 

[Niftyyem]

Trading Cryptos is very risky because of their volatility but most times when you keep greed in check and realize little profits is still profit, you may always be in profit.

 

[Ub40]

Of course Crypto trading is full of risk. That is why one cannot just wake up one day and decide to trade crypto without proper knowledge and skills on how to trade. One must be able to know how the market works. And many other things to know.

 

[akinlolu99]

The danger of exchanging digital money are principally identified with it unpredictability. They are high-hazard and theoretical and it significant you comprehend the danger before you begin exchanging. They are unstable surprising change in the market conclusion can prompt shape and abrupt move in cost

 

[Setfragil]

Cryptocurrency is risky and we must be very smart when we are dealing with it. The volatility of cryptocurrency makes it very dangerous in the sense that it can reduce in market price tremendously within hours and makes the investors to lose money.

 

[Alexandoy]

The risk in crypto trading is the price that can go surge today and can sink deep tomorrow. The volatility of the prices is what makes the crypto market bustling. When the prices would stagnate then the market will be dull and buyers will not be around. Forex trading in our country is stagnating because of the stable value of the US dollar.

 

[Dowenship]

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

In, crypto currency we have different kind of trading, for newbies you can use spot trading, here the risk is not much while for professionals u use perpetual contract or margin this trading as a very high risk...

 

[Officialtaiwo]

The dangers of exchanging digital forms of money are chiefly identified with their unpredictability. They are high-hazard and theoretical, and you should comprehend the dangers before you begin exchanging.

They are unstable: startling changes in market estimation can prompt sharp and abrupt moves in cost.

It's anything but unprecedented for the worth of digital currencies to rapidly drop by hundreds, if not huge number of dollars.

They are unregulated: cryptographic forms of money are presently unregulated by the two governments and national banks.

 

[Haveit]

Crypto currency is risky to the extent that it can lead to someone loosing all his assets or initial investment in the crypto market because it is a volatile market it could crash anytime and lead to loss.

 

[Sincerem]

Their is no trading which isn't circled with risks. We simply know Cryptocurrency trading is risky, either we accept the risk or move back from taking it.

 

[Josemendez]

Cryptocurrency trading is risky for those who do not have the necessary knowledge and safe for those who know how to trade by reading charts .

 

[kayode10]

Trading cryptocurrency without a proper knowledge is highly risky. If you invest in cryptocurrency out of ignorance, you are going to lose your money faster than the speed of light. If you are not familiar with technical Reading, it might be a bit difficult for you to invest in cryptocurrency. If you want to make it fast with cryptocurrency you need a mentor with lot of experience.

 

[Good-Person]

Cryptocurrency trading is indeed very risky because it involves investing money and then losing it due to price fluctuations albiet it can be profitable if you buy and sell coins at the right time. It also depnds a lot on your luck.

 

[Snazzy001]

Cryptocurrency is risky in the sense that it is never an assurance that you will get profit immediately and at once, I mean one moment you are losing and the other moment you are making money

 

[Justice]

Just as other ventures and investments are risky so is crypto currency it has its own risk in the aspect of flactuation in worth and amount also it takes time and consistency before can read the coin market just like for ex trading thou its paying very well.

 

[tyrim88]

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

Like the word risky,that is how the cryptocurrency is,some or an investor should not put all his life savings into the investment of cryptocurency,because the volatile nature of the coin couple with the arbitral increase of the value is not something to fully put your mind in.

 

[Sincerem]

The possibility of blowing off your account is high without proper understanding. It is not all that risky when you have an understanding of what you're doing.