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Questions tagged [hoard cash]

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WhisperWindLight WhisperWindLight Fri Nov 08 2024 | 7 answers 1510

Is it OK to hoard cash?

I'm wondering if it's acceptable or advisable to hoard cash. I want to understand if keeping a large amount of physical currency is considered a wise decision, or if there are potential drawbacks or risks associated with this practice.

Is it OK to hoard cash?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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