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.
I have a friend, he bought 10 bitcoin when the bitcoin price was $ 3000 / bitcoin. Now ,the bitcoin price has reached $ 10,000 per bitcoin, he sold 5 bitcoins and retained 5 bitcoins to continue investing. I was surprised when he bought 10 bitcoins. Now I think he will be happy .
I think the bitcoin investment risk is that when the bitcoin price drops,you only get losses when the bitcoin decreases .
But it is hard when you invest long term