Crypto risks

Training 775 minutescrypto risks

You are 24 and work as a courier. A friend shows you a coin up 300% in a month. You have a $3,000 cushion and $200 spare each month.

Training goal: Understand the risks and keep your money

Situation

1. Your friend: "It is not too late, go all in!" The fear of missing out grows.

2. A platform promises a "guaranteed" 20% a year for holding your coins with them.

3. A message from "wallet support": "Your wallet is locked, send your recovery phrase to restore it."

4. Your small position drops 70% in two months. Chats say: "Average down while it is cheap."

If you hold crypto, find its share of all your investments. Over 5%? Decide on a limit you are calm with.

What are the main risks of cryptocurrency?

Extreme volatility, hacks and scams, platform collapses and changing regulation. Holdings are usually not insured like bank deposits.

How much of my portfolio should be in crypto?

Many advisors suggest no more than 1-5% of investments, only after an emergency fund and with no debt. Treat it as money you could lose entirely.

How do I spot a crypto scam?

Guaranteed returns, "send 1, get 2 back" giveaways, requests for your recovery phrase and pressure to act fast. Real projects do not work that way.

Numbers are illustrative. A game, not financial advice.