Post
Topic
Board Bitcoin Discussion
Re: The Major Risks in Crypto Business
by
doomloop
on 25/03/2021, 07:05:59 UTC
I would want to focus on trading and Investing. But, i want to know what you think on the following;

1. what are the major crypto risks that one should know and avoid by all means.

2. How do we tackle these risks or are there way to tackle the risk?

We can use btc trading and investing as a case study.
The first  risk which everyone is aware of is the volatility if cryptocurrency, the price that keeps rippling back and forth and how you can tackle this particular risk is being careful, you have to be focused and also go with small investments. Though from my observation some people don’t like investing small amount because they think they are not going to make huge profit, but the truth is that small investments are beneficial long term. But, you can still go with huge investments if you’re not going to be regretting it later when it doesn’t go as planned.

Another risk is that there is no regulation and most people worry that if it poses a competition to the government they will have no other option than to fight against it. And some has said that due to the government can’t charge taxes cryptocurrency investors taxes they will not like the idea of cryptocurrency, but I believe centralized exchanges are bringing solution to that, although not everyone makes use of centralized exchanges.