- You might end up holding dead coins if the project gets abandoned
- You might miss swaps and end up holding worthless tokens
- Delisting of coin/token and you miss the withdraw period (in case you store coins/tokens on exchanges)
Take time to follow news/updates on the coins/tokens you invested to minimize the above listed risks. Checking up their telegram/discord/social media once or twice a month will help.
If I have the issue of project abandonment getting sorted out, the issue of swap is the most mind boggling, risky and strenuous job to do because you have to keep updated on the project. This is very bad and a solution to this should be found as soon as possible else it will be reckless to advise any newbie to buy and hold a coin outside bitcoin for long term goals