The Importance of Risk Management and Psychology When Trading Crypto

In 2017, as crypto mania escalated, we witnessed extreme cases where individuals decided to make huge bets on bitcoin. Some liquidated all their assets and invested their life savings. Most of these investors were subsequently gored by the same bull that had led them and then rekt during the ensuing bear market of 2018. Knowing your risk appetite and understanding trading psychology are essential before investing in cryptocurrency.

Also Read: Back to Basics: What Is Money?

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