🦋 Should you buy Crypto Futures? - Community Post

Mar 28, 2022

Unless you are willing to take great risks for the opportunity to make huge gains, I would not recommend buying crypto futures.

Cryptos are already volatile.

Crypto futures are even more so

When you buy crypto futures, you do not own the underlying crypto.You only hold a derivative of the crypto.You are effectively betting on the price of the Crypto.Cryptos are by nature volatile assets. By choosing big established cryptos like Bitcoin and Ethereum, you can reduce your risks compared to buying smaller alt coins which tend to be more volatile than Bitcoin and Ethereum. These. 2 together with the bigger and more established alt coins is highly unlikely to go down to zero.Given enough time, they will recover from the drop in value.Crypto futures are even more volatile than the underlying cryptos and can go down to zero if you place the wrong bet.If you are a risk taker who is willing to accept great risks in order for the opportunity to make huge gains, crypto futures may be suitable for you.For the average person it is best to stay away from futures.

bbs.market🦋 Buying Cryptos Vs Crypto FutureWhen you buy crypto futures, you do not own the underlying crypto.You only hold a derivative of the crypto.You are effectively betting on the price of the Crypto.Cryptos are by nature volatile assets. By choosing big established cryptos like Bitcoin and Ethereum, you can reduce your risks compared to buying smaller alt coins which tend to be more volatile than Bitcoin and Ethereum. These. 2 together with the bigger and more established alt coins is highly unlikely to go down to zero.Given enough time, they will recover from the drop in value.Crypto futures are even more volatile than the underlying cryptos and can go down to zero if you place the wrong bet.If you are a risk taker who is willing to accept great risks in order for the opportunity to make huge gains, crypto futures may be suitable for you.For the average person it is best to stay away from futures.