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
All these things happen and they will continue to happen. There are people that makes use of money that isnt theirs to risk it in Bitcoin because they believe that money will come from it. I have seen a man that once borrowed and invested it in Bitcoin and luckily for him he was able to make like five times of the money and he paid back the person he got the money from and kept the rest for himself.
And Im sure that there are some stupid people that will read his story and decide that it is best for them to do the same and they will just forget that it never works out everyone and they might that money and lose everything. Just wondering if there is anyone that tried such a thing during the time these coins were at their peak, they will just regret it a lot.