Trading is when you buy a altcoin for a low price and sell it when its price comes up so you will have to keep an eye on the market.
Risks? The most common risk is the altcoins short life span, If you search in google, you will see that most altcoins got dumped in just a short period of time.
The other one is failing to predict the price, example is when a certain altcoins price is getting lower and lower so you sell it all to avoid losing money more, Sometimes the coins price might increase again.
Risks? The most common risk is the altcoins short life span, If you search in google, you will see that most altcoins got dumped in just a short period of time.
The other one is failing to predict the price, example is when a certain altcoins price is getting lower and lower so you sell it all to avoid losing money more, Sometimes the coins price might increase again.
Yep. Mostly because, of the hundreds(if not thousands) of altcoins created, the majority was just for pump and dump and only a select few have managed to stay. Not to mention all the fakes/scams.
Another risk is that when trading altcoins, one would have to be constantly monitoring the market as it's a very volatile one.
As for speculating with bitcoin, it may not be as risky as altcoin trading but is still very stressful.
