💸 Losing money in crypto can happen in various ways:
1. **Price Swings**: Volatility can lead to buying high and selling low.
2. **Hacks**: Security breaches can result in asset theft.
3. **Fraud**: Ponzi schemes and fake ICOs can drain investments.
4. **Leverage Trading**: Amplifies both gains and losses, risking liquidation.
5. **Lack of Due Diligence**: Investing without understanding projects.
6. **Regulation Changes**: Government actions can affect markets.
7. **Manipulation**: Market manipulation can lead to losses.
8. **Lost Keys**: Forgetting passwords can mean permanent loss.
9. **Overinvestment**: Investing more than you can afford to lose.
To mitigate risks, prioritize security, conduct thorough research, and manage investments wisely.
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