For me, this is kind of a huge investment, but should I actually do it?
What are the risks of doing this?
1,000 is not a very big amount for me. But I don't know about your situation. If you are a student or someone with outstanding loans, then I would advice against investing in Bitcoins. I agree that the exchange rates have increased by more than 400% during the last 12 months. But some of the analysts are saying that there will be a major correction very soon. So be careful.
this is what i also suggest to anyone i know. it is best if people talk about investment in percentages of their networth or something like that instead of saying exact numbers.
there is also a misunderstanding that they have to buy "1 whole bitcoin" and they say it is expensive so we don't buy. which is wrongs since you can buy any amount even $1 worth of it.