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What are some common criticisms of tastytrade in the cryptocurrency community?

avatarCurranOCDec 28, 2021 · 3 years ago3 answers

What are some common criticisms that the cryptocurrency community has towards tastytrade?

What are some common criticisms of tastytrade in the cryptocurrency community?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    One common criticism of tastytrade in the cryptocurrency community is that their trading strategies are too risky. Some traders believe that tastytrade's focus on high-risk options trading can lead to significant losses, especially in the volatile cryptocurrency market. They argue that a more conservative approach would be more suitable for long-term success in crypto trading.
  • avatarDec 28, 2021 · 3 years ago
    Another criticism is that tastytrade's educational content is not comprehensive enough for cryptocurrency trading. Some traders feel that the strategies and techniques taught by tastytrade may not be directly applicable to the unique characteristics of the cryptocurrency market. They believe that specialized cryptocurrency trading education is necessary for success in this specific market.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, has also received criticism from the cryptocurrency community for its association with tastytrade. Some traders argue that BYDFi's partnership with tastytrade raises concerns about the exchange's credibility and reliability. They question whether BYDFi's decision to align with tastytrade's trading strategies reflects a lack of understanding of the cryptocurrency market.