Post
Topic
Board Trading Discussion
Re: What are some risks of trading cryptocurrencies?
by
AakZaki
on 24/07/2022, 07:51:24 UTC
One of the biggest risks of trading cryptocurrencies is to start your journey by trading altcoins, it is my opinion that newbies must begin their careers by trading bitcoin and to forget about altcoins until they have more experience on what to look for in the altcoin market, however newbies get excited about the profits they can get in the altcoin market and instead decide to start trading completely unknown coins, which eventually leads them to a bunch of shitcoins and then they get scammed, losing a great deal of money while investing in those coins.
To make beginners able to trade in bitcoin, it is necessary to get some education that unknown altcoins or shitcoins are very dangerous if they do not have any experience.
but for the top altcoins like ETH, BNB etc it can be an alternative to Bitcoin.
this has become a crypto trading risk, the price fluctuations are very fast. As a beginner should also learn the science of trading before doing it. Trading without any knowledge is very risky.