What is asymmetric risk in crypto investing?
Could you elaborate on the concept of asymmetric risk in cryptocurrency investing? As an investor in this volatile market, it's crucial to understand the nuances of risk management. I'm particularly interested in how asymmetric risk differs from traditional financial investments and how it impacts decision-making in the crypto space. Could you explain with practical examples, perhaps highlighting scenarios where investors may encounter asymmetric risk and how they can mitigate its effects? I'm looking for a clear understanding of this unique risk factor and its implications for crypto portfolios.