How risky is cryptocurrency is cryptocurrency trading?

funmi

Verified member
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 tech market and that is why it is very risky.
Again one 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.
What did you think about the risk of cryptocurrency? Please do share your own view about this topic. Thanks.
 

Sotherefore

VIP Contributor
Trading of cryptocurrency can be risky if you do not understand how to trade, a lot of people are actually making a lot of money from trading, you really need to follow a lot of expert in the trading system in you are thinking of succeeding as a newbie, it requires time, patience and dedication.
 
Top