There is a topic that needs to be talked about as often as possible.

Crypto is an interesting opportunity for high-yield investments, but as we all know very well, the bigger the profit – the bigger the risk.

Let's take a look at the possible risks and how to minimize them (because it's impossible to avoid them).

📍Risk 1. Volatility

Cryptocurrencies are known for their high volatility and prices can change a lot in a short period of time.

How to minimize:

- Develop your own investment strategy and stick to it – I wrote about how to develop a strategy in previous posts.

- Diversify your assets.

- Invest only the funds you are ready to lose.

📍Risk 2. Security

Unfortunately, wallet hacks and coin thefts are not uncommon.

How to minimize:

- Use reliable and secure wallets.

- Enable two-factor authentication.

- Never share personal information or a seed phrase.

📍Risk 3. Scams and rug pools

The crypto market is full of projects promising quick x100.

How to minimize:

DYOR🔎