Reasons why you should NOT trade cryptocurrencies

It is absolutely unpredictable.

After hearing a lot about cryptocurrencies, I tried to make an investment. It didn’t go that well and I lost badly. That’s when I decided to stick to Forex trading in which I am already doing fine. I will plan to diversify my portfolio in some time.

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

It can be profitable but it is also quite unpredictable. Cryptocurrencies like Bitcoin are highly volatile so anything can happen. The prices keep going up and down.

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

Trading cryptocurrency is not easy. I have been a forex trader for the last few years and tried my luck in crypto trading also. But it didn’t go that well.

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

I will give my personal opinion about crypto trading. Several years ago I discovered this klondike. Thanks to the large fluctuations in the exchange rate, I have earned a decent capital. But I have always understood and accepted the risks associated with this trade. My opinion if your profession is a trader. Then you can develop for yourself a trading strategy for trading almost everything. Good luck to all. And happy holidays.

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.

Now that’s something different but I think you went a bit overboard with it.

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/

The Bit Short: Inside Crypto’s Doomsday Machine (MAY 23, 2021)

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

Tether fraud waiting to blow up Crypto markets (MAY 23, 2021)

https://globalintelhub.com/tether-fraud-waiting-to-blow-up-crypto-markets/

So do you think that crypto has now peaked and is now on a downward slide?