* it can be time-consuming
Really dear, I think here you are talking about Cryptocurrency trading.
* the losses are irreversible
Need to be careful while writing, Losses are irreversible in some cases as if you lost your wallet or your wallet got hacked.
* it prone to scammers
No not at all, if this is the case then dear what are you doing here...
* its discouraged seeking further career
Even crypto is a wider field than you've ever imagined
* it can cause shocks and death
I am not sure is a joke or if you are serious, yes I know there were some reports of the suicides after the LUNA crash but I am not familiar with many incidents like that, and whether those were real or rumors is not clear to me yet.
After this take my advice dear if you want to go long way in crypto especially in BTC then need to be patient.