1. **Volatility**: Cryptocurrency prices can fluctuate wildly, leading to potential losses. 2. **Regulatory Risks**: Changes in regulations can impact the legality and viability of certain cryptocurrencies. 3. **Security Concerns**: Hacks and breaches can lead to loss of funds. 4. **Lack of Consumer Protections**: Unlike traditional banking, crypto transactions may not have consumer protections. 5. **Market Manipulation**: Smaller markets can be subject to manipulation, leading to artificial price changes. 6. **Technological Risks**: Bugs or vulnerabilities in the code can lead to losses or failures. 7. **Investment Risks**: The crypto market can be speculative, leading to investments based on hype rather than fundamentals. 8. **Total Loss Potential**: Investments in cryptocurrencies can potentially lead to total loss.