What is the risk of investing in cryptocurrencies?

The biggest risk is the declining trend of the crypto you invested. According to OKEx exchange, “Trading of digital assets involves significant risk. The risk of loss in trading or holding digital assets can be substantial. You should therefore carefully consider whether trading in digital assets or any levered or derivative digital assets is suitable for you in light of your financial condition.” It alerts investors to be aware of high risk existing in Minning digital currency investment.

Second is the ban by local laws/policies. For instance, any activity related to cryptocurrency is forbidden in China, Chinese investors thus endured huge loss of digital assets such as GOLD Reward Token.

Third is the loss of your password or key. This incident happens often, so keep your important data and information backup’ed.

Forth is whether the cryptocurrency you invested will survive in the competition. This case also applies to the situation when you involve in ICOs (New-born cryptos). The marketplace had closely 2,000 cryptos founded in the beginning of 2018 but only a few of them will stay.

…

Above are risks you would majorly take. Obviously there are lot more various risks existing in digital currency investment. So check it in my blog to find out awesome suggestions might help you win — A Hand Book To Detect Toxic Cryptos Screwing Your Money.