3 Weaknesses of Crypto Trading

Cryptocurrency or also known as crypto assets is popular to be used as an investment. A number of crypto assets such as Bitcoin, Ethereum, Ripple, Tether, and Doge have skyrocketed in value since the beginning of this year and are profitable for their holders.

Crypto assets which are also often called crypto coins or crypto money are tempting to trade or trade quickly because they can be done all day without a day off.

The value of Bitcoin and other crypto coins can rise quickly without any restrictions because this digital asset exists because of blockchain technology.Here are the Weaknesses of Trading Crypto

1. Very High Risk
The value of Bitcoin and other coins can go up by hundreds of percent indefinitely. However, the risk of impairment is also not limited. It's possible that investors or traders who were profitable yesterday today could lose out due to buying and selling crypto assets.

2. No Fundamentals to Analyze
Cryptocurrencies like Bitcoin, Ethereum, Ripple, Tether, and Doge are not currencies like rupiah or US dollars. Because, even though it is called a coin or money, crypto is not a currency that has a fundamental basis such as the economic condition of a country, benchmark interest rates, and other macroeconomic data.

Crypto assets also cannot be analyzed in terms of fundamentals such as shares of issuers whose companies have income, business operations, profits and dividends.

3. No Authority Body
Crypto assets exist because of blockchain technology which allows all transaction data to be automated. Since everything is regulated by the blockchain system, there is no longer any human authority that makes the rules or can restrict trading.

This means that there is also no investor protection or customer service, who listens to public complaints if anything happens to the crypto asset.

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