How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?
Yes there is a risk element in crypto investments however you have to reduce the risk by diversifying your crypto investment into different ICOs projects portforlio. Also you need to carry out proper research before parting your mazuma into investments.
I can say its very risky, if you do not understand the project, don't put your investments, because even the professional trader also loosing their investments sometimes in crypto. So its better you have the full knowledge before you enter into it.
This is a very sensible advice but it is not one that many people follow, most people invest in an ico because they saw a review somewhere or because someone recommended that coin to them, so they do not have any knowledge about the coin and as you may guess that most of the time will create negative results.