Crypto is high risk and that's true, high risk because of volatility. But this is what we like on it because if it moves a lot to the top, we expect that it's going to fall a lot as well. The higher risk is with the altcoins, the memecoins and other coins who have just been launched to the market. Some traders like to watch them for that because that's where they are good at, sniping some altcoins that are new to the market which should get a high liquidity because of being new.
But there could be some mitigation risk. Like if we talk about Bitcoin, then the risk could be minimized if we just do DCA and accumulate it in years and look at the bigger picture. For meme coins and shit coins though, it might be very different as that risk is really too high and if you are a newbie, you might be falling for the trap of this sort of coins. So if you are not that kind of a investor, then stay away from them. Maybe invest small money only if you wish to experience. But don't totally rely on the success of others are everyone could be very different in terms of our fate in this market.
I've avoided memecoins and never got a chance to get back on it. I've learned it already that I should invest more with Bitcoin because of its stability and we've seen it all. The hype is a serious threat or could be a blessing but for the majority, it's a threat and a problem that had made a lot of them lose more money because they have followed the crowd and thought that money is coming with them. But they didn't know that they're the ones bringing money to the crowd that they are following and that's many of their ports there got slaughtered.