Cryptocurrency promises freedom, control, and the ability to manage your money without intermediaries. But are your assets really under your control? Or is it all just an illusion? Let’s figure out what risks are hidden behind beautiful promises and how to keep your money safe. 🚨
Delisting: the coin disappears from the radar 🛑
Exchanges can delist a coin at any moment. And then your “value” turns into numbers that cannot be cashed out. 💸
Example: CloakCoin (CLOAK). In 2019, Binance announced the delisting of CLOAK, and the token price dropped by more than 50%. Investors who didn’t sell in time lost the chance to liquidate the asset.
How to protect yourself:
• 🧐 Don’t invest in projects with low liquidity.
• 📢 Keep an eye on the news: if a project loses support from major exchanges, it’s a warning sign.
• 🔍 Check if the token is supported on other platforms.
Your experience: have you faced delisting? How did you act in such a situation?
Scams and hacks: money disappears into thin air 💣
Scam projects and platform hacks deprive users of their assets, making any “management” meaningless.
Example: Squid Game token (SQUID). The price soared to $2856, but the project team withdrew the money, and the token became worthless. Total losses for investors amounted to millions of dollars. 🫣
How to protect yourself:
• 🔐 Check the projects: real team, audit, real partners.
• 🛡️ Use only reliable wallets and enable two-factor authentication.
Question: have you experienced losses due to such cases?
Volatility: money stays, but value disappears 🎢
In crypto, your coins stay with you, but their value can drop dramatically in a matter of hours. ⏳
Example: XRP. After news of litigation with the SEC, the coin lost 50% of its value in one day.
How to protect yourself:
• ⚙️ Set stop-losses to realize losses in time.
• 📊 Diversify your portfolio: don’t put everything into one coin.
Question: do you prefer to realize losses or hold coins until the end?
High interest rates: who controls your yield? 🧀
High APYs often hide the risks of token devaluation or project collapse.
Example: TerraUSD (UST) promised a 20% yield but collapsed along with LUNA. Investors lost over $40 billion. 😱
How to protect yourself:
• 🧐 If it seems too good to be true — it probably is.
• ✅ Choose established projects with real yields (5-10% is already good).
Your choice: what APYs do you consider reasonable?
Freezing funds: money is no longer yours 🔒
Platforms that freeze assets deprive you of the ability to manage your funds.
Example: Celsius. Users were unable to withdraw assets when the platform went bankrupt, and the CEL token crashed by 99%.
How to protect yourself:
• 📝 Always check the withdrawal conditions.
• 💡 Only invest amounts you are willing to lose.
Your perspective: how do you assess the risks of the platforms you invest in?
Are your money — your control? 💪
Cryptocurrency offers the possibility of total control, but only if you understand the risks and know how to navigate them. Don’t let the illusion control you. Learn, check projects, diversify risks, and be prepared for surprises.
Every action you take makes you smarter than the market. Which of these risks seem most important to you? Share your experience, it will help others! 👇