#MileiMemeCoinControversy Crypto investing and trading come with several risks. Here are the main ones you should be aware of:
1. Market Volatility
Crypto prices can rise or fall dramatically in a short time. For example, Bitcoin can drop 10-20% in a day.
2. Security Risks
Hacks & Scams: Exchanges, wallets, and smart contracts can be hacked.
Phishing & Fraud: Fake websites, rug pulls, and Ponzi schemes target investors.
3. Regulatory Risks
Governments may ban or heavily regulate crypto, affecting its price and usability.
4. Liquidity Risk
Some cryptos have low trading volume, making it hard to sell without losing money.
5. Private Key Loss
If you lose access to your wallet’s private key, your funds are gone forever.
6. Leverage Risks (for Traders)
Using leverage in futures trading can quickly wipe out your investment if the market moves against you.
Are you thinking of investing or trading? I can help you plan based on your goals.