I do believe that we can not avoid risk in crypto currency world, when you enter here you are already at risk ,but it can be avoided by educating yourself. Knowing the system will truly a helping first step to reduce the possible risk.
Every good investor needs a set of guiding principles that form the foundation for future trading decisions , a step that is often overlooked by beginners.
Yeah for sure it is good to keep on looking at the price of bitcoin, as you should not sell when the price is low but hold it till it become high once again, once you invest in bitcoin you will have to keep patience and wait till it rise, moving in crypto currency will increase your knowledge and you will learn about rise and fall of bitcoin, so gradually you will start earning high but at beginning you will have to be careful about it.