We can see that blockchain industry is growing continuously and a lot of investors are getting interested. They are becoming aware of the advantages of cryptocurrency and want to convert some of their savings into crypto assets. However I think investing on crypto is not that easy as it sounds. There are lot of risk involve in the process. Would you guys want to share what risks or difficulties investors may have to face while investing on cryptocurrency ?
You are right, investing in crypto requires a medium knowledge in IT and online security. From the point having your coins securely stored on your wallet there are a lot issues where you could lose them. This is not the case for regular investment.
Risks:
1) Exchange taking your money
2) Hackers taking your money
3) Huge volatility may be a problem for many
4) Risk of losing your keys to your wallets, risk of losing the wallet if not backed up properly and in sufficient places