Can you lose in Luno?

Trading cryptocurrencies, similar to engaging in any form of commerce, carries inherent risks and potential rewards. The aspiration to profit is ubiquitous, fueling the drive to buy and sell these digital assets.

However, it's crucial to recognize that investments, including those in cryptocurrencies, are not immune to the forces of depreciation. Unlike appreciating assets, certain commodities, like vehicles or boats, can lose value over time.

The cryptocurrency market, being highly volatile, mirrors this dynamic. Investors must be prepared for the possibility of encountering losses alongside the promise of gains. It's a delicate balance that requires a cautious approach.

In light of these uncertainties, a prudent strategy is to invest only what one can afford to lose. This mindset mitigates the financial impact of potential setbacks, allowing investors to maintain a level head amidst market fluctuations.

BTCC, a renowned cryptocurrency exchange, offers a comprehensive platform that caters to various trading needs. Its services encompass spot trading, allowing users to buy and sell cryptocurrencies at current market prices, as well as futures trading, which enables traders to speculate on future price movements.