Cryptos are volatile - There have been many instances when we have witnessed sudden movements in the crypto market. Even the most popular 'Bitcoin' fell from $61,837 in Oct 2021 to $20,108 in June 2022.

No central authority - Though decentralization is the root cause of the emergence of Crypto coins, it can be the biggest threat to its future.

Government taxes or sudden bans - There is a high risk of the government imposing hefty taxes on crypto trade or even banning it in their country to safeguard the centralized banking system.

Losing Private Key - It is always recommended to note down the private keys and keep them somewhere secure but what if the keys are lost? There is no way one can recover their private key.

Irreversible transaction - Once a transaction is done, it can never be reversed. We are humans and we make mistakes but in the crypto world, a mistake can cost us a lifetime of wealth.

Blue chip NFT means NFTs of reputed brands. The value of Blue chip NFTs increases subtly and they are best for long-term investment. They are associated with big brands, whose market value is high. Blue Chip term added with NFT, Crypto, or share market stocks, means the same, a stable and high brand value asset that most people trust.

Blockchain-based technology, virtual money, decentralized, immutable, safe, and secure. These words are enough to describe Bitcoin.

storing the bulk of your Bitcoin on a Hot wallet is not safe. Use a hot wallet for smaller amounts that are required for trading and keep a large number of cryptos in a cold wallet.