The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative and it is important that you understand the risks before you start trading. They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price.
Please be aware that any information provided here can be the opinion of the author. Trade at your own risk.
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Bitcoin has been hitting the 50k USD ceiling over and over again. It makes me nervous. Could go either way but I have a feeling it will go down 10% or more very soon. Lots of buyers were getting into it at or near the last peak.
Bitcoin is dying.) That's the funniest thing I've heard in a long time.) I certainly won't argue that any cryptocurrency is a very volatile and dangerous instrument in the hands of many inexperienced traders and investors and when a bearish trend starts, many run away from the ship in panic. Bitcoin is more alive than ever, but in any case I advise to diversify your assets and buy different coins. I personally have 15 different kinds of coins in my free online cryptocurrency wallet