As far as I know, crypto risk is actually a loss caused by a decrease in crypto prices, which we all know that crypto prices are unstable where they can drop sharply anytime and can also rise quickly. Besides that security is also a real crypto risk that is prone to theft, which can be detrimental to crypto owners, which we all also know that there is no security guarantee given to crypto owners in the event of theft.
Investing in cryptocurrency is just like gambling as what others had specified. You agreed on something that is very risky but if found out to be successful then one will be able to bring good profit. Probably this because the crypto has high risk especially to the newbies. The real risk of crypto is the market price movement. It will make a 90-100% market price fluctuation and you will not going to like when one day you will be able to see your investment goes down to 60% more but it could also mean that it could grow also to more than 60% or even doubled or trippled.