Bitcoin crosses $100k: What are some crypto dangers you should be aware of?

Social media was aflame with euphoria and glee on December 5 as Bitcoin crossed $100,000 for the very first time, buoyed by investors’ hopes in a pro-crypto Trump administration. There are also multiple crypto tokens inspired by the viral Thai pygmy hippo Moo Deng; many of these have more or less completely crashed shortly after being launched, according to the blockchain statistics on CoinMarketCap. Lack of knowledge As crypto adoption grows, many new investors who enter the market may be ignorant of essential facts such as the blockchain technology underpinning crypto, India’s crypto tax regulations, and the legal status of existing crypto exchanges and lending platforms. New investors may also choose the services of a particular crypto exchange simply because it is popular and based in their own country, instead of choosing an institution that is right for their needs. Many crypto investors also lack basic market skills such as reading candlestick charts, using trading indicators to understand currency movements, analysing and estimating possible price movements, identifying potential scam coins, setting up automatic orders, etc.