What are some risks of trading cryptocurrencies?

[Mohammadnour 1372]

Hello friend, yes, I agree with you, we must know the potential risks in order to make mistakes and since we are beginners we must learn well first and then enter the world of trading widely

[Fresh67594187 335]

They are high-risk and speculative, and it is important that you understand the risks before you start traiding. They are volatile: unexpected changes in market 

[David2.0 0]

Hello friend, I concur with you, we should learn and take insight about exchanging and exchanging prior to setting out on speculation, so we don't get baffled or stunned when presented to one of the sources of putting resources into digital forms of money, and we additionally need to know the variances of digital money costs..

[Ninon 0]

It is known that trading has many risks related to fluctuations within the supply and demand price of the currency, which successively are suffering from the quantities of demand and provide , so it's good to try to to a technical study of market movements and choose good currencies for trading.

[Tauseef Ahmed 197]

There are multiple types of risks associated with the field of crypto currency trading and other modern day earning methods. Scammers use these unfamiliar means to entrap people in their tricks and steal their money. For example, the currency doublers or those who give free dollars or bitcoin without doing any effort or job are common in the market. Alway stay away from this kinda people. Always be content in what you have, wise and practical in your life. Never believe to fine words as said commonly. Do hard work with patience and success will be yours one day. Improve your business and crypto knowledge to identify scammers. 

[Sezar3 0]

There are many risks in trading and investing in cryptocurrencies, especially for those with little experience in this field, and you will have to be very careful and choose the correct and reliable currencies, otherwise you will be easily deceived and lose your money.

[Jizzy 115]

The obvious risk in trading crypto currency is you can lose sometimes more than you gain which is the normal risk in the platform. And another problem comes down to fraudulent sites that are being created by people to try to fraud people who try to be really good investors. So one has to be really smart in trading and be careful about the platform the decide to trade on.

[Beast921 952]

Without proper knowledge and learning entering in the trading field can be devastating. I'll recommend you to learn first from the expert of that field and then start with a proper planning.

[MalikHashi 726]

Yes I think there is only one risk here if you are going to trading then you have clear that you are going to good paur trading you choose a good coin otherwise you will loose your money.

[shawon12 335]

Welcome everyone a very nice topic.  crypto is a popular earning website.  I can earn my money without any investment here.  Invest more money to earn more and there is a lot of risk. Because the market is never stable and we understand that.  And many unscrupulous people sit for fraud.

[mzk7736 1592]

The major risk while trading is always hacking of the wallets or exchanges. But there is also a risk of the downfall of currency in which a trader invests.

[Lo97 52]

The fluctuation of the price of digital currencies is the most important risk of cryptocurrencies, but the strange thing is that it is a common occurrence in this field and is due to some sources, including the following:

 

The nature of the informal market.

Passion in dealing with the market.

Cryptocurrency market advertising.

It is easy for the cryptocurrency market to manipulate prices, for example, the cryptocurrency exchange platform can easily manipulate prices, with the aim of the investors ’delusion to join it, and it is also possible to carry out the collection and unloading operations, known as Pump And Dump. Simple Trader Deception Methods.

[Areeb06998 940]

Yeah my friend you are right there are so many risks when do you trading on crypto currency. Because there are alot of scammers there . Or another risk is that the currency you purchase is hve hight market value. But after you purchase it the market value of that currency might decrease and you will have a big loss

[Wanderdark 2178]

Hi there mate. The cryptocurrency market is a highly volatile and risky environment. The most basic risk is that you succumb to FOMO (fear of missing out) and buy something from very high prices and the prices follow with a rapid dump, you lose much money. This can be avoided by setting stop loss. 

[Rafin478 614]

There are definitely risks involved in training because there are risks involved in trading.The only risk is when we buy coins That is, the risk starts when we buy coins and ends when we sell them.

[FARISOKTAV 970]

I think the most basic risk for spot trading is when you do trading with low-volume tokens, you may fall victim to a great dump and lose great money. If you do margin and futures trading, the risk is even greater, you may get liquidated if you don't use stop loss. Getting liquidated means losing all your money in that specific trade. Caution is always advised when trading in crypto. 

[Jesno 18]

Friend in the time that I have been operating with cryptocurrencies, I have not found any risk when working operating, but I can tell you that the main risk you can have if you save your cryptocurrencies in an exchange is the hacking of your account, you can also have risks if not You know how to trade or invest, currently cryptocurrencies are very safe.

[JesusFries 1958]

On 11/5/2020 at 4:32 PM, BrolySSJ said:

Yes trading risk is brought about by the volatile nature. And therefore as you said you do not invest more than you can lose, but i think that there is another point that is important that should be considered as well in order to lower this risk. You can mitigate these risks to a large extent if you do extensive research on the coins that you want to invest in and on the market. By doing so you can understand the trends and the direction of the market and make informed decisions that will be of a lower risk than blindly making trades. 

I will agree with you mate, if we want to enter in trading platform, you need to have some idea how to deal with it because of very risky, if you have an idea, you can predict the coming prices and values of crypto coins.

[Sp19a1ma019 1076]

Many risks of invest in Cryptocurrency in some of that you purchase some coins then their prices fallen and fallen some time the fake currency also around in the market that is also case.

[Zaman222 415]

Yea this is true and i totally agree with this. The risk of trading on cryptocurrency is very high because of the volatility nature of Cryptocurrency as it may result to a profit or a loos and this is why we have to have the full knowledge of trading before we can take the risk and also we should always consult experts for their advice before taking any risk  to trade.

[Whizdon 441]

The biggest risk you can take is by creating your own Cryptocurrency because to make a successful Cryptocurrency you need to have a proper and big team of experienced traders that know how to do their part right . And Even some miniatures mistakes can lead  to big troubles and if thing go dirty so may lose all the money so spent in the making of coin

[Babar Ali 914]

Yes trading is a risk because currency rates not remain stable .We should get proper knowledge and experience  so that  we should  not face the loss .Therefore  we should do investment with proper knowledge .

[MalikAdnan 1662]

Yes you are right my dear bro. There is no any confirmation of the project and what will the price of currency down and up. So it is the risk I think loosing of money and it is the risk I think there should be patience then you can earn as well.

[Magayinde 207]

Trading crypto currencies has never been safer. The only issue you might have with trading in crypto is situation whereby there is a compromise in your wallet address or you are being issue flash coin. Flash coin is when you are sent a number of coins that will aoorar in the first instance but disappears as times goes on in which you might have laid for such scam. We need to be aware of our immediate crypto environment always

[DC71 169]

Cryptocurrency market is very volatile and risky if you want to invest your money in cryptocurrency trading then you must have a good knowledge about cryptocurrency market and you must understand the market condition because without knowledge you cannot make profit