Reasons why you should NOT trade cryptocurrencies

There will always be positive and negative sides to trade.

The only reason I could think of is volatility. That might affect your account completely.

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

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.

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.

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.

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.

cryptos are volatile. one can earn and lose all the money. this is the only reason I feel it is risky.

It is absolutely unpredictable.

I agree that trading cryptocurrencies is not everyone’s cup of tea. You might not always achieve what you have been longing for.

It is difficult trading crypto and if you’re not on the right track, you might even keep losing.

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

It is good that you decided to share this information here. Keep posting more.

It is good that you decided to share some information here. Thanks for sharing.

i think you should trade cryprtocurrencies, its very profitable

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

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.

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/

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/