This exponential price rise and over the top coverage by nearly all media outlets big or small has created a FOMO (Fear of missing out) market which has attracted people who have never invested in any type of stocks before and are solely driven with the prospect of becoming instant millionaires. So, before even going into discussing the basic tips for cryptocurrency trading, let’s just come to understand the nature of this market and associated risks with the same.
Risks associated with cryptotrading
Cryptomarket is highly volatile right now with average price movements of 10–15% in a span of a day or sometimes hours.