The booming cryptocurrency sector has been touted to be one of the fast and lucrative means to make fortunes nowadays, especially if one is well-versed in how the market behaves.
However, as exciting as it may seem, it has its share of pitfalls. Its present position as a volatility market may have its advantages but also has its negative sides. This is one of the main reasons why it is advised that you should take your time and make a holistic survey of market trends before leaping to invest.
As a result of this, we bring you 5 risks you should be aware of when investing in cryptocurrency.
1. The Volatile Nature of the Sector
Trading in cryptocurrency can be quite a headache due to the constant fluctuations of the market. The price of Bitcoin can either appreciate or depreciate within a matter of minutes.
This is one of the … Read the rest