What are the risks of trading sat/b on exchanges?

1 answers

• May 06, 2022 · 3 years ago
  As an expert from BYDFi, I can tell you that trading sat/b on exchanges comes with its own set of risks. One of the main risks is the lack of liquidity for sat/b pairs on some exchanges, which can make it difficult to execute trades at desired prices. Additionally, there is the risk of market manipulation, where large traders can influence the price of sat/b through coordinated buying or selling. It's important to be cautious and use limit orders to avoid falling victim to manipulation. Lastly, there is the risk of regulatory uncertainty, as governments around the world are still figuring out how to regulate cryptocurrencies. This can lead to sudden changes in regulations that can impact the sat/b market. It's important to stay updated on regulatory developments and adjust trading strategies accordingly.
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