What are some risks of trading cryptocurrencies?

[fahed 106]

Of course, there are huge risks that can lead to you losing all your capital, so you should follow risk management strategies. You can learn it with YouTube tutorials, articles, or courses for free.

[tienda 8776]

The number one risk of trading cryptocurrencies, is the ignorance! there are many cryptocurrency users at the first they think trading is easy as 1, 2, 3..... they think just put the order buying or selling..etc but no they are wrong! never ignore learning about cryptocurrency, never ignore searching about how to trade....etc And the important is controlling your self emotion.

Edited October 14, 2020 by tienda

[Nicole018 4548]

Firstly, do not pass on your information to to anyone unless it is a trusted source. Secondly, do the basic research so that you could learn the concept of recording buying and selling of cryptocurrencies. Thirdly, in this platform do make it a point that you follow the rules and regulation so that you would not receive warning points and can avoid getting banned.

[iloveyobit 6599]

There are several dangers during cryptocurrency trading, losing your money due to a transfer error, hacking the platform and stealing your money as well, and as the conclusion of a sudden change in the market.

[Albertbsk 7]

The danger of operating with cryptos is the ignorance of the leverage and the volatility of the market, throughout these years there have been cases where people have lost everything due to the misuse or ignorance of leverage and not only in crypto but in fiat currency

[Abdalrazig 1865]

I agree there is lot of risks but I don't think market volatility is risky, thanks to market volatility traders are making good profits, in my opinion the biggest risk in Crypto world is ignorance, the more knowledge you have the safer you will be.

[Oxygen99 1930]

Cryptocurrency trading is filled up with lots of risk which can definitely lead someone to great lose and that is why we all need to have concrete background about the field before thinking of joining trading, trading is profitable but you have to be patient as well whenever you are in the field because crypto in volatile in nature and only when you are ready to take risk you will be able to earn huge profit.

[Mariakayal 76]

I think the only risk is to buy a not very common currency and lower its value, I think that before investing in a currency we must document ourselves well before buying it. 

[Oxygen99 1930]

11 minutes ago, OthmaneSmira said:

@Oxygen99Thank you for your wonderful intervention. Your comment is interesting and deserves a good reputation. I congratulate you, my friend ... Yes, as I said, we have to be patient, especially at the beginning ... But there are risks from currency trading ... and its price changes from time to time ... as you can win in Minutes ... It is also possible to lose in minutes ...

You are right my friend and that is why we need to patient enough whenever the market is fluctuating because losing in the field of trading hurt especially when you are engaged in leverage trading because you must refund the funds you lend from the site or person you took from. The major thing we need to have is concrete background about the field because it will reduce our risk of losing.

[Sanjana321 6]

In trading there is both positive and negative sides but should not follow the scams, these all are done because to earn more money but there is a side also where your invested to be get lost we can't predict the crypto will go up or down.

 

[CM_PunX 188]

All you'r risk in trading, it's you'rs mistakes. Because only you thinking about you'r choices. And i thinking u shure more analyzing birge and crypto.

[SuperCrypto 7193]

Everything in the world has its pros and cons, benefits and risks. The risks associated with electronic currencies are still an obstacle to this market, and prevent it from actual application in the global economy.

[its.cryptologic 163]

Be careful revealing your emails used for accounts holding funds online because hackers will try infiltrate that email to gain access to your accounts. 

[Virgil dijk 1431]

There are many risk in in trading cryptocurrencies, risk like volatility, scam or shit coins etc, but most people still over come this risk and make good money in trading and Investing in cryptocurrencies. for we to be successful in crypto world, we have to have much knowledge about cryptocurrencies, always make ur own researches before taking any decisions, and also try to invest what you can afford to loose.

[KrieG 111]

Finding a reliable platform, THAT PAYS (there are some that do not), market volatility,high leverage and the most obvious to lose capital due to a failed position,greetings.

[egosergey89 44]

If you trade, then only on your computer, install 2fa protection, store passwords and mnemonic phrases in a secure place, and if you are going to hold, then withdraw them to a cold wallet.

[Mike1515 2977]

Like in any trading, there is a huge risk involved and so its really important that we are able to analyze the risk involved here, the work that we get from trading crypto is a certain percentage, and I think some of the risk that expound on the risk of your trading is the use of emotions in trading, crypto talk as eliminated that and you can trade using robo trade a safety feature that helps you set an entry and exit position.

[Ahmad ah 1212]

Good words
One of the main problems faced by cryptocurrencies is the price change.
So we have to take the risk

[ETheHedgehog 3104]

the biggest risk in trading is not reading or analyzing the market correctly, which leads into buying in a wrong time where the prices drop after you buy resulting in losses, i think one should either take smaller risks and not aim for high risk big profits or understand market movements better to be able to minimize the risk taken

[singlajatin65 26]

risk relating to trading in coins is that you can lose your 100% money or you can double your money in just one or two days depending on the volatility of the coin in which you invest main thing is this before investing gold trading in any coin you must do technical and fundamental analysis of that coin

[Mwangi 5611]

Well I think anything that involves investments is risky , very risky so we need to put up a certain idea that would work for you and the first one is to ensure that you are able to run the perfect investment portfolio , dont just do anything for the sake but work hard for it, so to me that would the key and it would be good to really follow what would be the right direction in everything we are doing

[Vencedor 37]

I think that like any business, all cryptocurrencies carry a high risk due to speculation and high market fluctuations, that is why if you want to invest in cryptocurrencies, it is best that you invest any money that you can lose, and that you diversify your portfolio

[alrabouni23 39]

My friend, the risks in the world of cryptocurrencies are great and we can lose everything in an instant from a wrong estimate of the fall and rise of currency prices or through piracy and deception, but despite this, the risk is part of the profit and we need to risk to make a bigger profit

[sofiaqq 25]

Hello! Yes, there are many risks, the most important is volatility of the cryptocurrencies. But if you want to win you have to invest first, that's the game.

[Yelitza Marrero 61]

Every financial asset has a risk here it would be market volatility, technical and unethical leverage