I will be delivering a lecture or an address by weekend on a topic which would be part of the Crypto book am working on. The topic i will be teaching is "Crypto Risks: How to Minimize risks in Crypto business."
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.
One of the major crypto risk thay everyone should avoid is being Fomo or dear of missing out. Sometimes, there are people who don't want to miss theopportuniy of the uptrend but suddenly, it drops. And also, DYOR is one of the best practices in investing, take time to read and search about what's the best to buy in crypto.
Just have a good technical analysis before trading, right entry will definitely give you profit.
There are many crypto risks, so it's bettee to have your own research and study it very well.
DYOR!
This had been commonly suggested and recommended to be done from time to time because this investment isnt something that you can deal and make some guarantees with it.
This is why we should really know the things in terms of risk and other factors which could really affect your profitability. Risk is there no matter what but somehow you can
really lessen up those risk if you had just done your assignment.
The ones who are giving out such risk are the ones who does have the probability or chances on making profits when it turns out to be a good one.