When you invest in Bitcoin you will have many risk, look at this article, i will write risk when investing bitcoin.
- Bitcoin transaction cannot be reverse Bitcoin transaction are different from credit card or bank transfer, bitcoin transaction using blockchain, in blockchain transaction cannot be undone.
2.Scammer
Bitcoin is risky, bitcoin have more scammer because the there is no regulation to handle this, the scammer cannot be found because user of the wallet are anonymous (unknown)
so, be careful to scammer, don't even send money to them. How to Spot scammer? the easy way is if they promise you a profit 100% in 7days or something like that, don't chat again and block!
3.Whale
What is Whale? Whale is people who have much bitcoin and can sell or buy in one time! this will impact the price, bitcoin price can be manipulated by Whales! be carefully, don't be fomo.
4.Wallet Password
The most important! don't even forget your wallet password, if you forgot you will lost all your balance, in crypto wallet you cannot choose an option to recovery your password (in wallet password is called "Phrase") Phrase is your key to access your wallet, if you lost it, you also will lost your balance forever, Customer Support won't do anything because they are not saving your phrase! only you knowing your phrase. Don't even share it to other people too, make it secret and don't lost it!
If you have any question about my article, please write a comment here!
