Being involve in crypto really involve risks, and the painful part of it is when you lose everything. If you are thinking about to invest, make sure that the amount of money you give is the amount you can afford to let go. But the positive side of it is, when it turns to be a profit, then you are in the winning situation. As of now, the situation is unpredictable and it is very tempting to sell all the tokens, but this is not the right time to do it. Lets wait and be patient. We cannot be sure what will happen tomorrow but 50% of it is the chance for the market to recover.
Lose everything? Maybe only if jumping blindly into altcoins without doing any research into the integrity of the project. I wouldn't think that it's possible to lose everything though because people wouldn't exactly be betting the house on something like that. I mean, how could you give all of your wealth to someone you've got no idea about?
Putting resources into any advantage bear some hazard. They who can deal with the hazard appropriately is the gainer of that venture. Thus interest in crypto has bear some hazard. Since these are profoundly unpredictable. There is an opportunity to make gigantic benefit and colossal misfortune in one day. What's more, you can recuperate the misfortunes the precise following day. Its bear the hazard, however in the event that you can utilize the instability appropriately then the likelihood of hazard move toward becoming diminish. In any case, in the event that anyone doesn't ready to go for broke that implies unpredictability then one ought not come in this market.
Since risk management is so important, the critical side of it emerges when you actually want to use the money and how you think you can use it. A colossal misfortune only exists if you allow a colossal investment to occur in the first place. It's not really necessary to be investing that much, so we don't need to be over-exposed to such hazards.