LemonFeather posted: Maybe there are good reasons to not trade Crypto but the fact is that the price has rocketed and people have made millions. I think crypto can be traded but only as a small % of your portfolio
- Although I have lost half of the money that I put in Crypto, I am still hopeful that the prices will rise once again 😊.
I am blocked and unable to post in his thread, but I would like to share some important information related to cryptocurrencies that all investors/traders should be made aware of prior to their foray into this new market.
My only questions are: - Is this another case of Tulip-mania? - Does Leo23 have a vested interest in garnering support for investment interest in cryptocurrencies?
Here is an important article I think the community should read to get a better understanding of recent growth in cryptocurrency demand (specifically BTC):
Full disclosure: I have invested $0 in cryptocurrencies, and have 0 intention to do so any time soon. The phenomenal gains are the only reason it has caught my curiosity. I will continue to trade 'normal' forex only TYVM.
There are both pros and cons for trading cryptos. But like @LemonFeather said, there are chances for cryptos to gain more value as well. Whether or not to trade cryptos is up to every individual choice, but I personally think they have good growth prospects in the technology driven future.
Here are a few reasons that can hold you back from investing in cryptocurrency. • It is highly volatile • It is an unregulated space • Legal issues can pop up • The market is prone to illegal activities • Do not invest if you do not understand the market and its working procedure
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.