Good-Guy
VIP Contributor
I have been trading in the cryptocurrency market for a long time and I have suffered from huge losses. The big problem with cryptocurrency trading is that the market always falls down and collapses just like a house of card for some weird reasons. For example, the current conflict and problems between Russia and Ukraine have caused Bitcoin to collapse. I think this is because Russia is one of the biggest hubs of miners. I really do not understand what does it has to do with miners? Miners are not engaged in this conflict, right? So why did the market value of Bitcoin fluctuated so badly?
Apart from that, I feel like the cryptocurrency market is very sensitive. It crashes for really small reasons and takes whole one year to recover and even the recovery of the market is also dependent on many conditions. I feel like I must switch from cryptocurrency trading to forex trading, but I am not sure if I am being too emotional and making the wrong decision. I trade on a platform that allows me to buy fiat currencies apart from cryptocurrencies and I have noticed that forex market is still much more stable as compared to cryptocurrency market, but I could be wrong. Forex market existed way before cryptocurrency was even born. So, is forex really less risky as compared to cryptocurrency market?
Apart from that, I feel like the cryptocurrency market is very sensitive. It crashes for really small reasons and takes whole one year to recover and even the recovery of the market is also dependent on many conditions. I feel like I must switch from cryptocurrency trading to forex trading, but I am not sure if I am being too emotional and making the wrong decision. I trade on a platform that allows me to buy fiat currencies apart from cryptocurrencies and I have noticed that forex market is still much more stable as compared to cryptocurrency market, but I could be wrong. Forex market existed way before cryptocurrency was even born. So, is forex really less risky as compared to cryptocurrency market?