I just wanted to know that,what amount of risk is there in investing in bitcoins.
Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.
Bitcoin price can either increase or decrease as per the increase or decrease in demand for bitcoin.There is no cenral authority to control bitcoin price and its price is driven by support from community.But since bitcoin adoption is increasing world wide,we could guess that its price would surely increase.