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 think bitcoin is risky because bitcoin prices can rise high and also fall dramatically and will be risky for those who invest in addition bitcoin is also not regulated by the central government then it is at a very big risk to instability. Its value is not determined by the authority but based on the purchasing capacity of the network.