What are some risks of trading cryptocurrencies?

[Raven 7817]

On 10/8/2020 at 10:29 PM, Fabián Sevillano said:

The risks of trading cryptocurrencies are mainly related to the volatility of the cryptocurrency market, which represents a high risk, it is important that we understand the risks before starting an investment in cryptocurrencies. All financial assets carry high risk, whether through the use of leverage, susceptibility to cyber attacks and errors, unethical trading techniques, or target market volatility.

Trading is very easy to do but it risky because you could lose your money on it. For a newbies in crypto, it is just like gambling because if they don't know how to do trading and they try to do it, they'll end up losing money. The best way to earn money in trading is being patient and don't be greedy, that's all.

[KHALED ADWANI 1216]

In my opinion, the biggest of those risks is the endless fraudulent operations in this market
There are many currencies that have suddenly disappeared and lost all their value. We must always be careful while dealing with any currency and make sure of the feasibility and value of this real currency

[Tawari 888]

Yes I agree with you some risk to invest on cryptocarency. When you can't face the risk you don't become a better person. You can choose the best way of earning money and a great platform. 

[Afaqahmad 1075]

The danger of exchanging cryptocurrence is that we can lose cash all the while on the off chance that we are not cautious as said it's high danger because of it's introduction to numerous digital and trick assaults.

[sayems 1513]

There are risks in cryptocurrency trading, but not too much.  Because a lot of people are investing and trading here day by day.  So most people benefit here and they benefit so much that, next time they don’t want to leave this profession, they want to spend their lives trading. 

[Emiway 842]

Asking and looking before you pick will be a smart thought, in light of the fact that in the current time nothing is certain and trick is in all over, so there is no certain strategy to recognize trick coins, yet request that a few specialists help you

[Miewyse1st 11]

The most risky things I know about trading cryptocurrency are lack of self-discipline and fear of losing money. If you can beat these two factors, you are on-the-go to financial stability. 

[kizz 3370]

The main risk in trading cryptocurrency is the volatility of the coin because every day it has no specific value so its on our decision if we want to trade it right away or wait for it to increase its value. So before trading, make sure you really have an earnings on it.

[Am bi 788]

As for you to invest, you must firstly take the risk and if you are investing without taking any risk then you will lose your earning. And also beware of scammers.

[Viktur4 597]

Most beginners venture into cryptocurrency without prior knowledge just like I did over a year ago. All I did was to buy bitcoin for while and when I saw that the price was appreciating, I kept buying without knowing that there was a right time to buy and a time to sell. An expert did put me through though but that was after I had lost my entire earning to a phony site that mines bitcoin. Trading and investing in bitcoin is risky cause of different factors such as inflation, unpredictable markets and the volatility of some currencies. In an instant all savings can be lost but if you don't try , you would never know.

[TimopheyKa 3900]

market risk — the risk of adverse changes in the value of an asset;
 

credit risk — the risk of the cryptocurrency Issuer's bankruptcy or failure to fulfill its payment obligations;

liquidity risk — the risk of not being able to convert the entire position volume into a fiduciary currency (or equivalents) at the best prices;

operational risk — the risk of not being able to perform trading operations or Deposit / withdraw assets.

These and many other risks affect the performance and stability of financial markets and individual participants. When a financial institution or Corporation fails to meet its obligations, receives losses from transactions with financial assets or in operating activities, this negatively affects the prices of the corresponding assets. This state of Affairs usually goes against the interests of stakeholders.

[buttler88990 619]

We think trading from the same cryptocurrency is a risky business. We can do more legally and it is not possible for us to work with who is at risk because any business needs to be done with risk.  I hope you can come to us in any era, we need to work well

[Atik56 19]

This is true, but the biggest loss from my point of view is that beginners enter this field without knowledge or research then start to invest in fraudulent sites and lose their money,but in nowdays world if you want more  you must risk more, Don't be scared, be confindent and don't surrender.

[Moontong 5312]

On 10/8/2020 at 11:19 PM, George10 said:

The risk of trading cryptocurrence is that we can lose money in the process if we are not careful as said it's high risk due to it's exposure to many cyber and scam attacks.

Yeah, that's true, the volatility of the cryptocurrency makes it risky for trading because it changes its price time by time. So you should always be careful when trying to trade because if you try it without proper knowledge then you may lose your money. Always gain knowledge first before anything else. 

[nanaaisha20 61]

Because the market is very volatile you risk losing a lot. You need to be very careful if you are investing into crypto currencies or forex market. The market is very volatile and your money could get lost easily

[Samotokika 1780]

On 10/8/2020 at 7:29 PM, Fabián Sevillano said:

The risks of trading cryptocurrencies are mainly related to the volatility of the cryptocurrency market, which represents a high risk, it is important that we understand the risks before starting an investment in cryptocurrencies. All financial assets carry high risk, whether through the use of leverage, susceptibility to cyber attacks and errors, unethical trading techniques, or target market volatility.

Thank you so much for your advice. Yes investing and trading is always a risk actually if it is virtually. the cause is maybe you will have to face a scammer or a fake site which can steal your capital and also your identity and personal information.but if you move forward with the proper strategy then you will definitely will be succeeded.

[Sofia Bravo 704]

That's right, mate, there is a lot of risk in investing cryptocurrencies since they rise and fall in value daily and you can win as well as lose, my advice is that you always invest money that you are willing to lose

[HighkeyDonut 445]

On 10/8/2020 at 10:29 PM, Fabián Sevillano said:

The risks of trading cryptocurrencies are mainly related to the volatility of the cryptocurrency market, which represents a high risk, it is important that we understand the risks before starting an investment in cryptocurrencies. All financial assets carry high risk, whether through the use of leverage, susceptibility to cyber attacks and errors, unethical trading techniques, or target market volatility.

The only way to avoid scammers is privacy and credibility checking. But that doesn't work all the time. Every investments or decisions involves risk, but it's true what they say about the higher the risk, the higher the reward. We just have to be careful and be business-minded when making a decision.

[Rubel75 237]

If you want to make money in life, you have to do risky things somewhere in life.  So I think if you want to invest and do business with your own money, then you have an idea about it, then it might be better for you to take risks there.

[Jack0009 626]

I think the only risk when trading cryptocurrencies is losing your money.  Before I invest in crypto you need to think carefully about which currency to invest in.  You need to research the currency on which you will invest.  Thank you.

[Jonathan200321 880]

The only risk of operating with cryptocurrencies is at the time of investing because you can win but you can also lose but that is left to chance if you win and double what you invested or lose everything.

[mohamedpc1 2213]

You have the right before entering the field of trading and investing in digital currencies, you should always search for learning in this field and the method of analysis and studying free currencies in order to get rid of the fear that dominates you and become dependent on your ability in analysis and not emotion.

[Sherrybhai 385]

Yes there is a risk in everything you can do on internet . There are also having some risk on trading cryptocurrencies . Like you didn't enter correct address of your wallet while exchanging the coins or sending , as a trader tou are always welcome yourself for the loss because you are on the digital world scammers are everywhere they can steal your information . Or biggest risk is to incesting on the untrustworthy sites which offers you highest profile . They make u fool they can ran out with your  coins for sure .

[Rajibida22 59]

The most important risks to me is Volatility. Cryptocurrencies are very volatile and if you are not good with emotions I would advise that you should trade cryptocurrencies because you will end up losing. Although after some tries you will get use to it 

[Dani5 118]

The primary danger is to work without a system and not having a right exchanging plan, and overseeing hazard the executives well indeed. Try not to contribute more than you are happy to lose.