Post
Topic
Board Trading Discussion
Re: Different level of risk in crypto currency trading
by
xSkylarx
on 29/10/2020, 04:39:31 UTC
One question I came across is if there are different level of risks for different cryptos?

Yes there is, some crypto are only driven by their hype and trend. A coin can be popular and good to trade today but after a week if it dumps hard then whales are gonna leave it then they find a different coin again then the cycle repeats. Some are loyal to their projects that even if it dumps, they are still ongoing for some years then make an update. That will become a trend to traders and their price will go up again. It's always up to you to DYOR before buying any crypto. There is always a risk to any crypto you buy.