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.
All forms of investment are risk because its value depend on the success of the business in the market. Bitcoin, just like other forms of investment is very risky. It has a very volatile price that is very unpredictable to its users which both makes it profitable and at the same time risky. Bitcoin can also be considered a high risk high reward kind of investment. Though you can always visit some reliable websites to monitor the success or not of bitcoin, we must still be very cautious and wise in how we manage our money.