The risks of trading cryptocurrencies are mainly related to the volatility of the cryptocurrency market, which represents a high risk, it is important that we understand the risks before starting an investment in cryptocurrencies. All financial assets carry high risk, whether through the use of leverage, susceptibility to cyber attacks and errors, unethical trading techniques, or target market volatility.
I will argue the biggest risk in this market if you want to become a trader or an investor is to invest in a scam or a shitcoin, people come to this market only thinking about all the money they are going to make and believe they are going to get rich in no time at all not understanding that something like that is almost impossible, so they end up gravitating to coins which are scams, then they lose their money and then they blame the market for their losses when it was their mistaken beliefs and ineptitude which caused those losses.