WHY IS A RISK MANAGEMENT STRATEGY IMPORTANT IN CRYPTO ?
๐It's common knowledge that crypto, as an asset class, is one of the higher-risk investments available to the average investor. Prices have proven to be volatile, projects can crash overnight, and the technology behind blockchain can be challenging for newcomers to understand.
๐With crypto moving rapidly, it's imperative to employ sound risk management practices and strategies to reduce your exposure to potential risks. This is also an essential step to becoming a successful and responsible trader.
๐Read on to find out about five risk management strategies that can benefit your crypto portfolio.