In the cryptocurrency world, what is your biggest risk?
It’s not the plummeting prices, not hacker attacks, and not regulatory crackdowns or black swan events! The real biggest risk is: you don’t know what you are doing.
Often, the risks you can see are not the biggest risks:
Newcomers or inexperienced investors in the crypto space usually consider the biggest risks to be:
"The project team running away"
"Sudden policy changes"
"Platform crashes or being hacked"
"Price crashes causing panic selling"
"FUD storms leading to loss of confidence"
These are certainly risks, but they are not the "core risks"; they are merely "external events". What is truly deadly is often endogenous—cognitive risk, behavioral risk, and psychological risk.
To put it bluntly: your biggest risk is "you don’t know what you are doing".