What are the risks of trading Litecoin?

[Ishtaiq hussain 210]

It is a risk if you do not give it, then you can not If If we do, it's a risk .Whose people should People should follow this because many people are afraid to take what they have .If all Ganesha start a company, then many people can benefit from what will happen. 

[Maya20 1048]

There is a risk if you do not know the basics of trading, and also the basic rule in buying and selling, is to buy at a low price and sell at a higher price, and this depends on the technical analysis of the currency.

[ABIR21 426]

Now litecoin is well valued coin. That us 130$. It is one kinds of stable coin. Every stable coin is profitable if we can buy it in low price. Who brought litecoin 2 months ago they are making good profit now. Because 2 months ago it was 70-75$. 

[Ab.kalyar 527]

No risks but due to its price falling we got trouble as its may fall down we can't say what happen to it next days. But if price comes up & no fear of its price then its good to trade with it & no risks occur.

[Nenomao 175]

Whenever a currency comes in at the beginning, its value is low, but as people continue to trade on it, its value increases with time, just like when the bitcoin was new, its value increased. It was very low but at the moment its price is very high.The price of this coin is the same now that it has arrived, so its price is a bit lower, but as people trade on it, its price will increase automatically.There is no need to invest in it. No matter what the job is, it takes time to develop. Similarly, time is needed to increase the price. We have to wait for it.

[Naveed khan 592]

It is risky but u can patience when the price is fall or down u can patience for up and litecoin come in low then the bitcoin 

[Flash009 345]

Trade Litcoin is not so risk averse, Litcoin is one of the fastest currencies. If you're doing the right thing, you don't have to worry, the price has dropped, don't sell, and if the price is rising, sell. 

[Lx-Lana 153]

Trade Litcoin is not so risk averse, Litcoin is one of the fastest currencies. If you are doing the right thing, you need not worry, the price has dropped, don't sell and if the price is rising, sell.

[Nonahassan 915]

In my opinion, litecoin is a business like others, but it is greatly influenced by Bitcoin's movements, even if a small move moves so I see that trading with it is somewhat easier than other currencies 

[Smallingcane012 344]

The risk of litecoin is to trade with it for a long time and have a gain at the end but if you mis uses it that is when you losses

[MARAMBEN 278]

Any field we find is fraught with negatives and positives, so I see that any currency, not just Litecoin, is subject to supply and demand

The higher the demand for it, the higher its price, it will decrease greatly in a situation in which people do not have confidence or in the case of economic or health crises, as was the case during the emergence of Corona

[benalmoh88 1500]

i don't think that there is a risk in tradiong on litecoin because it's one of the strongest coin in coinmarketcap, but in trading always there is some risks if you don't choose good buy point.

[cryptovlek 2597]

The risk is exactly the same as trading all altcoins, litecoin doesn't change anything and it is the same as Ethereum or Bitcoin cash when trading. It is a top altcoin but doesn't have difference, there may be some times of hype and fomo but there will be correction and it will go down again. It is moving when Bitcoin is and doesn't make different pattern.

[Msh9 84]

There are a lot of risks that we are exposed to in our work in the field of trading, and we may sometimes be exposed to making mistakes, and among these risks and things that happen, which is lack of self-confidence, are what makes the trader lose at times and also the decrease in the price of the currencies that you traded or their collapse.

[Zoiakhan 85]

Litecoin has more coins so the movement may not be as large. For the present the market is likely to show more volatility with large swings rather than simply a burst of the bubble with prices continuing down and down.

[Eezabell 339]

There is less risks in trading the Crypto currencies of the alt comics called the lite coin. The lite coin is the future of the alt. Just like the Bitcoin.

[yonkii 3205]

On 10/20/2019 at 8:59 PM, chirinemannai said:

It is disorganized and, therefore, some may consider it too risky.

I was thinking that litecoin is also decentralized and there is no need to worry about someone being in control and organizing it. There are developers and Charlie Lee also that is significant for this coin. 

 

On 10/20/2019 at 8:59 PM, chirinemannai said:

Countries like China have laws protecting capital outflows; therefore, money is pumped into unregulated cryptocurrencies - to avoid such capital controls.

This is very important, I read days ago about 20 billion USD that left the Chinese borders during 2020 with the use of cryptocurrencies. I had no idea about this and possibly a big reason the Chinese are trying to ban cryptocurrencies.

[Mudasir Riaz 321]

On 10/20/2019 at 10:59 PM, chirinemannai said:

Here are a few points that summarize some of the risks involved in trading Litecoin:

As with Bitcoin, there is little historical valuation range or comparable cryptocurrencies. Basically, it is difficult to answer a question about how to assess fair value.
Changes in international capital controls may reduce cryptocurrency demand. Countries like China have laws protecting capital outflows; therefore, money is pumped into unregulated cryptocurrencies - to avoid such capital controls. Any change in laws relating to capital outflows may weaken demand.
It is disorganized and, therefore, some may consider it too risky. However, this is personal. At the end of the day, it's just a coin.
It is a commodity-like currency in nature; therefore, it is subject to market fluctuations, such as demand and supply. However, this should be a positive risk for traders dealing with commodities.

Yes I know many of good points and have good knowledge about trading but I really appreciate your post because you just explain everything in detail and clearly. I think this will be beneficial for others. You are talking about litcoin for me this is the best ever coin we just focus on our work and should try to stay away from the scammers. 

[Arslan Ch 2163]

There are always risks in trading and specially when yiu dealing in cryptocurrency that is highly volatile and it's price always fluctuates but there is alsoa benefit as well and as we can get the profit through these fluctuations by doing tge trade at right so it means all that depends on our skills and knowledge. LTC is a good coin and we can get profit by investing in it.

[Mishakhan123 51]

I think litecoin has proven time and time again it is  a good investment and given the technical signals and fundamental strength, Litecoin is poised for another uptrend making it an excellent investment and not just a good one...

[Alan Johns 258]

In my opinion Litecoin is a very good and dependable coin for long term trading. If we buy it a the current price and hold it for almost a year it will definitely give us the benefits as you can see the increase in it's price and compare it with the previous year.

[ammarkhkkh 753]

I expect that the risks of trading Litecoin will be when buying a lot of Litecoin while its price rises, this will cause a loss, so you should carefully research and monitor the decline and rise of Litecoin and choose the right time to trade.

[Mella 3680]

With all the new ones coming, Litecoin has lost a lot of the previous glory it had. We see this bull run coins that were at the top earler to be outperformed by newer. The better marketing wins and Litecoin has very smaller community and very limited marketing. It is nowhere in the news and visibility of Litecoin is not what it was. Now it is all about some new coins Chainlink, polkadot and some more that are rising without any reason and getting in top ten. There are coins that are better than those, and Litecoin, Bitcoin Cash and XRP are better than most others but they are behind today a lot.

[Whited35 15285]

Litecoin is volatile asset like Bitcoin and Ethereum so risk will be definitely there when you choose the volatile assets to invest. The beauty of taking the risks in volatile assets is, sometime they give you an unexpected profits even more than double of your initial capital. Litecoin can also fulfill such cases as the price is not fixed in the cryptocurrency markets. 

[teebasas 3018]

I believe that Litecoin is a trustworthy coin with a high investment and trading potential. It isn't a worthless coin, and its price fluctuates enough to generate profit. Litecoin can be found on almost every trading site, and its market cap is roughly half that of Ethereum and nearly equal to that of XRP.