What are the risks of trading Litecoin?

[Shaza Ahmad 1682]

I think trading and investing in digital currencies in general is very risky and not in Litecoin only because the market is volatile all the time.

[rekter 8129]

Litecoin does contain the same risks as other bigger coins. But it most likely don't go away because it has been acting as a test platform for new upcoming bitcoin implementations.

[Goody28 259]

On 10/20/2019 at 7:32 PM, Thekingcallme said:

The risks are recklessness and buying at the wrong time and this will make you lose or wait long to rise again

You have a good point there mate buying coins determines how much profits we make if we buy wrong coins at the wrong time we lose all our investments

[febriyana 934]

The biggest risk i think if we invest in Litecoin is when the price going down and down again. So our money like going drop in our portfolio. But if about the coin itself i believe Litecoin  is good coin for investment. The project is already long time tested and proven by some community.

[Brushless4500KV 4214]

Litecoin is not categorized as a risky coin because it usually goes up and down like bitcoin. It is a quite predictable coin and has been in the market from 2011. Nine years of existence is enough to guarantee its firm position among other coins. It has an acceptable trading volume in exchanges and often is seen in the list of top coins. I have already invested in LTC and I think it is a safe investment.

[khan22 3478]

On 10/20/2019 at 11:32 PM, Zzoro6110 said:

There is no risk, but it may lose its price and fall, which causes a loss and if it gained an increase in the price will cause profits

LTC trading is the risk free trading and we can trade in the LTC market easily and we make good money i the market but the investment is good when we start to trade in the lightcoin and make profit at selling and buying the coins.

[Slaymind 25]

There is no risk in trading litecoin,but in market,its price may fall and become very low which may cause loss to your trading.

[MuhammadSh 3067]

there are a lot of risks in trading any coin if you don't have enough knowledge to do that!

but if you study the movements of the prices right..then you can decide the true thing..goodluck

[Win 1015]

Price of litecoin is unpredictable like others some says that the litecoin year is starting and i think its more better to hold litecoins than to trade it today becouse i think now we will see the bullish price of this before also the end of the year

[Sehr 288]

In my view, Litecoin isn't an exchange danger and I don't see the hazard here. The cost of Litecoin might be lower yet after the New Year, its cost will rise. Purchase and hold Litecoin here and exchange it a short time later will bring great benefit. Because of the cost of Litecoin, gathering currently will show signs of improvement benefit later on light coin is acceptable route for acquiring .

[Cryptominded 704]

16 hours ago, potens said:

There is no threat, but it could lose its value and drop, which causes a misfortune and in case it picked up an increment within the price will cause blessings

It helps to always remember that this a mirror image of Bitcoin and whatsoever affects Bitcoin also affect it. So while trading LTC, a trader will do well to stay tuned to developments around Bitcoin. 

[Hendy1 370]

I think all altcoin trading like Litecoin has different levels of risk. Yes it is because it is influenced by the volume of trade if the trading volume gets smaller the level of profit will be more difficult but the level of profit of financial income will be even greater. Yes I have not found a project about Litecoin until now I am still waiting a little longer before the altcoin cycle moves.

[Xsimple 441]

Lite coin just like any other coin their is a lot of risk there that is why you need to study it, compare to other coin litecoin has a high price that is why you need a bog capital and it will also a big loss.

[Balegi 112]

It risks to me are minimal compared to Bitcoin,  its technology is far better than that of bitcoin.

So if you invest in litecoin now you might not loss tomorrow rather earn huge.

[Ali_hmwi 966]

like other coins, just be confident, before you trade,best wishes for you all guys

. learn more..

[Whydoyoucare 1094]

Litecoin is name as the fast coin. because if you use it in trading short term is good for it. and the risk is in the trading itself and not the coin you are using. because trading is a complex stuff.

[Ayush Singh 1175]

As i haven't experienced trading with litecoin generally i trade with bitcoin which gives me good return so i can't say that it gives good return or not but thankful to you for provinding the information about trading with litecoin it will help further.

[noor job boy 77]

This litecoin also more profitable Cryptocurrency.You can make more profit with this coin .So I don't see any risk of litecoin.

[Morganshtern 1774]

Litecoin trading pair profitable when market pumping but when market dumping you can lost most of money for holding or short trading.

[Hydroiix 63]

I think Litecoin is the safiest way to do trading. There are low fees per selling / buying and low fees on withdrawals too so i'd say it's really profitable as well.

[amara123123 76]

litecoin is good for investment because it gave us much profit with in few months now do not buy because much high from one month ago it is in 32$ no in 73$. 

[Sapdrx 469]

I guess currently trading Litecoin is a hugh opportunity as we know that LTC and BTC are closely connected and LTC has outperformed BTC during the previous bullruns of Bitcoin.

[Mohssine 1725]

LTC is acceptable coin and I for one make a great deal of benefit for him and for the most part I prescribe to each client. There are numerous LTC holder and it esteem is expanding step by step. Is good for trading .

[Jhadhasan 872]

Litecoin can not be likened to any other currency. It is very popular. In addition to this, large liquidity that flows through it is strongly linked to bitcoin, and therefore I think it will be in line with the Bitcoin ups and downs.

[kadayakito 765]

Of course, there is a risk that not only litecoin but also other currencies. I was worried about price drops or falling prices because I knew at that time I would have problems.