The most effective way to lower your risk is to do more research.
Having enough knowledge and having good strategies will help to lessen the risk one you started to invest in cryptocurrencies. All kind of investment are risky and if you do not have enough knowledge it will lead to a big losses. I agree that you should do more research in order to manage the risk.
Thats right buddy, thats why before starting trading or investing here, many people suggest learning and reading first about the crypto and coins that you will buy, how the price changes, its development, the team and so on, with that knowledge you can formulate strategies and reduce risk