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Reasons why you should NOT trade cryptocurrencies

Dec 15, 2017 at 19:13
14,768 Angesehen
490 Replies
Mitglied seit Apr 25, 2020   119 Posts
Jul 12, 2020 at 06:46
There will always be positive and negative sides to trade.
Mitglied seit May 06, 2020   8 Posts
Jul 13, 2020 at 10:37
The only reason I could think of is volatility. That might affect your account completely.
Mitglied seit May 08, 2018   10 Posts
Jul 13, 2020 at 12:06
Buy and hold crypto as a sepculativ asset with only a small investment. If it goes to zero who cares but it it x10 in price you have made some good money
Mitglied seit Apr 28, 2020   52 Posts
Jul 14, 2020 at 06:26
Mateusz36354 posted:
I believe that cryptocurrencies are the near future of the world economy.

I think the same, If we look at its increasing adaptability then even i feel it has a bright future.
Mitglied seit Jul 23, 2020   869 Posts
Sep 29, 2020 at 14:28
Mateusz36354 posted:
I believe that cryptocurrencies are the near future of the world economy.
I agree with you. cryptos are the future of the world economy as a means of payment. But I think trading crypto is another concept.
Mitglied seit Sep 30, 2020   28 Posts
Oct 07, 2020 at 08:19
Trading Cryptocurrencies have their own pros and cons. It is highly volatile and risky in nature. Only good for those who have extensive knowledge and experience in trading. Cryptocurrencies such as Bitcoin and Ethereum are in much demand. It depends on trader to trader that they want to trade such volatile instruments or not. It’s better to gain knowledge and experience before stepping into crypto trading.
Mitglied seit Sep 30, 2020   26 Posts
Oct 07, 2020 at 08:22
The industry is not regulated and the currency is not backed up by any kind of government or central bank, Even though cryptocurrencies are designed to be theft-proof, there's still a considerable risk for fraud and cyber-crime.
Mitglied seit Sep 12, 2017   238 Posts
Oct 07, 2020 at 09:41
cryptos are volatile. one can earn and lose all the money. this is the only reason I feel it is risky.
Mitglied seit Jul 10, 2020   34 Posts
Oct 16, 2020 at 12:02
It is absolutely unpredictable.
Mitglied seit Oct 08, 2020   25 Posts
Nov 09, 2020 at 12:16
I agree that trading cryptocurrencies is not everyone’s cup of tea. You might not always achieve what you have been longing for.
Mitglied seit Oct 13, 2020   34 Posts
Nov 12, 2020 at 05:56
It is difficult trading crypto and if you’re not on the right track, you might even keep losing.
Mitglied seit Jan 25, 2010   1360 Posts
Dec 30, 2020 at 04:46
Crypto.com to Delist, Suspend XRP in the US After SEC’s Ripple Suit
(Wed, 30 December 2020)
https://au.finance.yahoo.com/news/crypto-com-delist-suspend-xrp-200653135.html
Mitglied seit Oct 26, 2020   33 Posts
Jan 19, 2021 at 09:02
It is good that you decided to share this information here. Keep posting more.
Mitglied seit Dec 15, 2020   12 Posts
Feb 12, 2021 at 05:23
It is good that you decided to share some information here. Thanks for sharing.
Mitglied seit Oct 23, 2018   29 Posts
Mar 03, 2021 at 13:11
i think you should trade cryprtocurrencies, its very profitable
Mitglied seit Mar 25, 2019   21 Posts
Apr 08, 2021 at 10:43
just like any investment, you should be prepared to lose the whole lot. If you are buying coings then it's not an issue, but if you are buying into a scheme with unrealistic %APY then you should know better
Mitglied seit Jul 23, 2020   759 Posts
Apr 10, 2021 at 16:24
bax699 posted:
i think you should trade cryprtocurrencies, its very profitable
In my opinion, it is risker than any other trading market. So, trade carefully.
Mitglied seit Jan 25, 2010   1360 Posts
May 14, 2021 at 23:56
BITCOIN GREENWASHING: No, Bitcoin mining isn’t mostly powered by clean, renewable energy, but the cult-like self-delusion of Bitcoin apologists is itself a fascinating science experiment (MAY 14, 2021)

https://globalintelhub.com/bitcoin-greenwashing-no-bitcoin-mining-isnt-mostly-powered-by-clean-renewable-energy-but-the-cult-like-self-delusion-of-bitcoin-apologists-is-itself-a-fascinating-science-experiment/
Mitglied seit Jan 25, 2010   1360 Posts
May 16, 2021 at 04:23
IRS Launches Crackdown To Ensure Crypto Investors Pay Their Taxes (MAY 16, 2021)

https://globalintelhub.com/irs-launches-crackdown-to-ensure-crypto-investors-pay-their-taxes/
Mitglied seit Jan 25, 2010   1360 Posts
May 23, 2021 at 16:50
The Bit Short: Inside Crypto’s Doomsday Machine (MAY 23, 2021)

https://globalintelhub.com/the-bit-short-inside-cryptos-doomsday-machine/
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