Risks of cryptocurrency trading: 1. **High volatility**: Cryptocurrency prices change sharply and rapidly, which can lead to large profits or large losses in a short time. 2. **Fraud and hacking**: Since cryptocurrencies rely on the Internet and technology, they are vulnerable to hacking and fraud. Some unsafe platforms may be a target for hackers. 3. **Lack of regulation**: In many countries, cryptocurrency trading is not fully regulated, which means that legal protection for investors may be limited or non-existent. 4. **Uncalculated trading**: Investing in cryptocurrencies without adequate understanding of the market and the technology associated with it may lead to making wrong financial decisions. 5. **Loss of access to digital wallets**: If you lose your password or encryption keys for your digital wallet, you can lose your money permanently. 6. **Environmental impacts**: Cryptocurrency mining consumes huge amounts of energy, which contributes to environmental problems in some cases. 7. **Market Manipulation**: Since the cryptocurrency market is not well regulated, manipulation by large players (“whales”) can significantly impact prices.
✨ The beginnings are the hardest, and with patience and continuity you will achieve development 🌱💪. Development comes with the price of continuous effort, and striving for continuous improvement 📈🔄. Long-term thinking is the key to success 🧠🚀. 🔄 Keep striving 👣 💬 Share your opinion ⬇️ ❤️ If you liked the post
Coin #REI has resistance in front of it at 0.12.5. If you break it, God willing, it will rise to 15 cents per coin. There is resistance if you break it, it will rise, God willing, to 30 cents. This is just a study I did with the coin 💙🔥
The biggest mistake you make against yourself is to exit the market due to correction or fear, knowing that after the rise comes a correction to complete the rise, and there is no rise. Only during the rise the market must correct to complete the rise. Be patient with your goals, choose your currencies well, set a target for selling, and be patient with the targets. All of these are corrections to complete the rise. Who loses his position because he is afraid of a 20% or 30% correction. You must know the (RR) risk ratio Risk return ratio Your target is 200% or 400% and you are afraid of a 20% correction. What if the market rises 20%? Will you sell before the target? Example: After analyzing the currency and setting goals, it became clear to you that the next upward wave for the currency targets 300% or 600% of the currencies, God willing. If the market falls or rises by 20%, you will not do anything because the fluctuation in digital currencies is this crazy, so do not exit, and the day your currency explodes, you will regret that you exited because you are afraid. Always be patient
Information for the first time in your life you know about cryptocurrencies The rise comes after selling in large quantities, and the decline comes after buying in large quantities. Unfortunately, this is the truth that everyone hides from you Disclaimer: Contains the opinions of third parties. This is not financial advice.
#BTC According to the attached model, on a frame of 8 hours and over a period of two full months We notice Bitcoin rebounding from very important support areas on the downtrend, starting with the rebound from the 43,000 area, then the rebound from the $51,000 area, then finally, how many days ago, it rebounded twice in a row, the first time at $60,700 and the second from $62,000. Now we are at a very decisive point, as for the decline and touching the trend for the last time at the support of $66,700, then the rebound. Or continue the rise from this breaking point and rise from the current point and reach a new peak that exceeds $75,000. In any case, we see that whether the correction takes place or the rise is completed, we are in a narrow, cross-sectional area, and in the end we will see a new peak soon. However, beware of market treachery and always secure your trades by placing a stop loss in general on all your trades. Good luck, God willing, all of us