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.
There is always risk in any investment whether it is in the stock market or Cryptocurrencies. In this case Bitcoin is a solidly established coin as the first mover. If you plan on making a long term investment then you'll do better than someone who is looking for a quick payday. The volatility in these markets are extreme when compared to traditional investments like the stock market. If the S&P 500 or DOW dropped 5, 10, 15, 20, 30, 40 or 50% the world would have a collective heart attack. However these wild price swings are common in Bitcoin. They're still scary but if you don't panic sell to the whales waiting at the bottom you'll see a price correction that has a tendency to ascend past the last ATH. Do a little research and you'll see what I mean.
Bitcoin has died more than 100,000 cats & we all know how many lives those suckers have
