I have seen there whatever has a huge upside also has a huge downside. This is the case with crypto currency, including bitcoin.
Can we point out the risks that one faces in investing crypto assets based on these:
1. As a retail investor
2. As an asset manager (hedge fund business)
3. As a trader.
As a trader, the risk that we face is that we're unsure whether we did the right thing right after we buy the crypto and at the same time the risk of hype, where some traders might be too late for the hype. Another risk which is for everyone is the volatility, it's a neutral thing that can't be tamed but you will be able to use it to your advantage.