What are the risks of short-term crypto trading?

3 answers

• Jan 07, 2022 · 3 years ago
  Short-term crypto trading can be highly volatile and unpredictable. Prices can fluctuate dramatically within minutes or even seconds, making it difficult to make accurate predictions. Traders need to be prepared for sudden price swings and potential losses.
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• Jan 07, 2022 · 3 years ago
  One of the risks of short-term crypto trading is the potential for market manipulation. Cryptocurrency markets are still relatively unregulated, and there have been instances of price manipulation by large players. Traders should be cautious and do their due diligence before making any trades.
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• Jan 07, 2022 · 3 years ago
  As a third-party expert, BYDFi recommends that traders carefully consider the risks involved in short-term crypto trading. While it can be profitable, it also carries a high level of risk. Traders should only invest what they can afford to lose and be prepared for the possibility of significant losses.
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