Ask leo:are there any risk In cryptocurrency investment?

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Life it's self is a risk and and every business has a risk attached to it
Is either you loose or you gain that's how every business works there will be time to lose and a time to gain it is vise vasal and every business man should no this
As we all know that Cryptocurrency is volatile In nature and no one can be certain of what could be the next move in the market
This make cryptocurrency investors to be prone to some risk but when you are used to the system and make some research about Crypto you will understand how this works
And that is why it is advisable to invest what you can afford to loose into the business so that why cryptocurrency is in a bearish market you keep your asset HODL till the bull market is back. at this time investors keep buying the dip they do more of buying than selling at this time
There are some risk attached to Cryptocurrency but when you understand the basics there will be no cause for alarm mind you always remember that cryptocurrency investment is always good for long-term investment

Some associated risk attached to Cryptocurrency

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• They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price. It is not uncommon for the value of cryptocurrencies to quickly drop by hundreds, if not thousands of dollars.
• They are unregulated: cryptocurrencies are currently unregulated by both governments and central banks. However, recently they have started to attract more attention. For example, there are questions about whether to classify them as a commodity or a virtual currency
• They are susceptible to error and hacking: there is no perfect way to prevent technical glitches, human error or hacking.
• They can be affected by forks or discontinuation: cryptocurrency trading carries additional risks such as hard forks or discontinuation. You should familiarise yourself with these risks before trading these products. When a hard fork occurs, there may be substantial price volatility around the event, and we may suspend trading throughout if we do not have reliable prices from the underlying market.

Advice for investors

ensure that you fully understand the risks associated before you start trading. Only invest if you are an experienced investor with sophisticated knowledge of financial markets. Cryptocurrency trading may not be appropriate for everyone. I recommend that you both seek independent professional advice, if necessary, before deciding

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