While profits are possible trading cryptocurrencies,
so are losses. My first year involved me spending
hundreds of hours trading Bitcoin with a result of
losing over $5,000 with nothing to show for it.
Simply trading digital currencies is very similar to
gambling because no one really knows what is going
to happen next although anyone can guess! While I
was lucky to do nothing expect lose money when I
started, the worst thing that can happen is to get
lucky right away and get a big ego about what an
amazing cryptocurrency trader we are.