Risks in Cryptocurrency Investment
Summary for Learning Material
Price Volatility: Cryptocurrency prices can change rapidly, similar to a roller coaster ride with big ups and downs. Regulatory and Legal Risks: Laws and regulations about cryptocurrencies can change unexpectedly, like playing a game where the rules keep changing. Security Risks: Threats like hacking and phishing can lead to loss of your cryptocurrency, similar to having your safe broken into or tricked into giving away the combination. Understanding these risks helps you prepare and protect your investment in the unpredictable world of cryptocurrency.