Cryptocurrencies are notorious for their price volatility. Prices can fluctuate dramatically in a short period of time, which can lead to significant gains or losses.
The cryptocurrency market is relatively young and lacks the same level of regulation as traditional financial markets.
Crypto exchanges and wallets can be vulnerable to hacking and security breaches.
Traditional financial markets often have safeguards in place to protect investors, such as insurance on deposits and regulations against insider trading.
The crypto market operates 24/7, leading to constant price monitoring and potentially causing emotional stress for traders.
Many people invest in cryptocurrencies without fully understanding the technology or the market dynamics.