Cryptocurrencies are definitely not an investment for everyone, but by choosing them, you can win financially. But first make sure that you have the means for unforeseen situations.
Any money that is invested in cryptocurrencies should be perceived as already lost. This does not mean that these losses are guaranteed. But if such a possibility exists, then you need to make sure that there is a financial "safety cushion" in case of unplanned expenses. It should be enough for at least 3 months. If there is no free money available at the right time, then a situation may arise when it will be necessary to urgently sell your crypto assets in order to pay off debts.
Also, when choosing digital assets, you need to explore your opportunities in this market. Although there is more pressure on specific crypto assets than on others, there are thousands of coins that can be added to your portfolio. So it is not necessary to agree to bitcoin at all. Perhaps a much less popular currency will be more suitable for investment.
In addition, you need to understand your risks. There is no such thing as a risk-free investment. Even bonds, which are traditionally considered a "safe haven", can present unpleasant surprises in the form of financial losses. And cryptocurrencies are known to everyone as one of the riskiest investment tools.
The reason? The crypto market is more volatile than other trading platforms. In addition, some markets are already more than 100 years old, and the "oldest" bitcoin cryptocurrency has only recently exchanged a dozen years. And it is not yet clear how long it will last. Recently, more and more countries have imposed restrictions on operations with crypto, and, as a result, this currency is becoming less attractive in the eyes of buyers. And the latter can significantly affect the value of such assets.
And finally, you need to make sure that this type of investment fits into the chosen investment strategy. Someone buys a crypt in order to immediately resell it and exit the asset with a "quick" profit. And there are those who save up for retirement in this way. Therefore, first you need to understand what goals you want to pursue.