What are some of the risk involved with cryptocurrency?

Tinaconcept

Active member
Just like every other investments or businesses cryptocurrency also has its own risk to be managed in order to excel in it. The best way to avoid heavy risk in cryptocurrency is to buy a coin and hold for certain period of time once it has risen with little profit you sell and take your profit.
In a situation where by the investor wants trade coins the risk management involved becomes high and needs more attention for success to be achieved. Factors to be considered when trading a cryptocurrency coin.
First its good to learn a little bit about trading before buying coin to sell.
Secondly research about a coin before buying it. This will help you know much about the coin.
Finally patience is key, when you buy a coin and its down you need to wait for it to rise before selling because panic selling is wrong might make you sell on loss.
What are the things to avoid in cryptocurrency?
 

Hena101

Well-known member
There are many challenges and risk involved involved in crypto currencies because we know every business has its on challenges and the risk attached to it. But the risk associated with crypto currencies is much if you don't know and also less if you know. Because just loosing you 12 secret code can make you lost everything you have the wallet you see this alone is a very big risk and also if you don't know how to trade is also a risk
 

Samuel72

Well-known member
according to my own point of view as a well experienced man I believe cryptocurrency does not have more tricks in it all you have to do is to understand the business and know how to buy and sell because you can only get scammed by selling or by buying for a wrong person. I will advise that anyone who wishes to invest in cryptocurrency should buy directly from the company this is the best way you can invest in cryptocurrency without risk but if he chooses to buy from an unknown source you might engage in scam
 

Briangsam

Active member
The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading. They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price. Cryptocurrency is also technology-based, this leaves this high risk investment open to cyberattacks. Its hacking is a serious risk.
 

Segat

Well-known member
There are lot of risks involved. Put in mind cryptocurrency trading is of the highest volatility, it is not determined by you buy by someone else. You don't have the audacity to decide or determine what happened in the market but some group of persons does and they choose what favors them. So with these you can not really be 100% sure that you will make profit in all your moves.
 

Godslamp

Well-known member
Using cryptocurrency such as Bitcoin to purchase goods and services carries with it a certain amount of risk. Since its inception, it has gone from zero to nearly $50,000 for a single Bitcoin. Still, this is not the first time such extreme changes in price have happened. But the problem is that these wild changes in value increase the risks of using cryptocurrency. If you’re using it to purchase something expensive, what if the price drops before you close the deal? You may have to fork over more cryptocurrency than you were expecting.
 

Godslamp

Well-known member
Even with encryption to protect cryptocurrency transactions there have been hacks resulting in substantial losses. This is another of the risks of using cryptocurrency. Passwords can be stolen or hacked. Hardware can be corrupted or taken. Others you do business with could be lax in their security. This could result in losses to your cryptocurrency during a transaction.
 

Snazzy001

Active member
as we all know ,to everything that has advantage there will also be disadvantages .it is beyond argument that cryptocurrency has helped a lot of us ,but we all know that it is a game that you have to play smart in order to survive .there are instances where you need to fill your cryptocurrency but with someone somewhere ,that makes you stand a risk of being cheated just like that
 

Haypril

Well-known member
Many has issues with the question you have posted, some believes there is always disadvantages and advantages. While few choose not to believe the existence of Crypto currency has been legitimate. However I have always believed that Crypto currencies posses a great thread to the people at large and to the economy of any country. Going through news, you will discovered that some countries has stopped and ban the usage of Crypto currency in their country.
 

Ozigba Richard Lamai

Well-known member
Some of the risks that is involved in cryptocurrency it price for of cryptocurrency most people are really afraid of price fall in cryptocurrency and they don't know when to invest.however you can invest in cryptocurrency anytime when you believe that cryptocurrency will still rise. Cryptocurrency this day has been very very lucrative and it has less risk than any other business.
 

Planet408

Well-known member
Crypto Currency has it's own risks just like every other business you can think of.
In crypto currency exchange, the values of crypto appreciates and depreciates often. When the value is depreciating, you are on the loss side but when the value is appreciating, you are on the profit side of the business.
Moreso, buying crypto from non trusted vendors is a big risk itself but this is a risk you can avoid.
 

Timison

Active member
There are numerous difficulties and danger included associated with cryptographic forms of money since we realize each business has its on difficulties and the danger joined to it. Yet, the danger related with cryptographic forms of money is a lot on the off chance that you don't have the foggiest idea and furthermore less in the event that you know. Since simply loosing you 12 mystery code can make you lost all that you have the wallet you see this by itself is a major danger and furthermore on the off chance that you don't have the foggiest idea how to exchange is additionally a danger
 
Top