Even if cryptocurrency is popular and widely appreciated to give better returns, why do people still avoid investing in Cryptocurrency?
There are three major risks of investing in Cryptocurrency. They are:-
1. Cryptocurrencies are volatile than stocks, bonds, or any of the traditional assets that investors or people invest in. The value may be up in a matter of seconds or come crumbling down in a flash.
2:- Hackers are attacking investors for Cryptocurrencies, the hackers get into their accounts and steal the money. The exchanges can be hacked as well.
3:- Investors need to pay taxes for investing in Cryptocurrencies.