1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody elses dream
4. Believing somebody elses FUD
5. Using money that you shouldnt be
6. Failing to properly do a self risk analysis before investing
If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Dont worry about the daily percentages
Not all of them but I have followed a few of the principles for some of my coins which I am looking to hold for long term. The current market condition does give a tough time when the holding coins go deep down which I never thought. But hopefully, it will be worth it.