One of the primary risks is financial loss.
The volatile nature of financial markets means that everyone suffers loss.
It makes that everyone suffers loss and it is also the bedrock of profits. Without volatility, no profits
Irrational decision-making is another pitfall; fear and greed can lead to impulsive actions that erode capital.
Fear and feed is part of the cryptocurrency market and we cannot successfully deal without them. But a good trader will have to a way to deal with them.
Overtrading, where traders make excessive trades, often results in losses
Too much of everything is bad. There should be a clear duration for trading. Whether you are winning or losing, have a time to close the tab.
Lack of knowledge is yet another issue;
trading without a solid understanding of markets and strategies can be disastrous.
This is a suicidal mission. If you don't know how to trade, pls don't gamble it.