1. Volatility: Cryptocurrency prices are extremely volatile and can fluctuate drastically in a short period of time.
2. Security threats: Cryptocurrency is susceptible to hacking and theft due to its online nature.
3. Regulatory uncertainty: Cryptocurrencies are not regulated by any government or central bank, so their legal status can change quickly.
4. Lack of protection: There’s no way to get your money back if it’s stolen or lost.
5. Fraud: Fraudulent cryptocurrency schemes often target vulnerable individuals, so it’s important to be aware of potential scams.