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
Truly if you can cope with these above points then indeed you're really a true hodler and a true risk taker. Indeed it takes patience, confidence and hope to sometimes risk it all and there is a saying that goes like, the bigger the risk, the bigger the returns.