Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.
What do you guys think?
Investing in Bitcoin and crypto currencies are much riskier than investing in the bank. In Bitcoin, aside from the price is really unpredictable there are the hackers who wants to steal your accounts and also the transactions is very sensitive that if you got a little mistake then your Bitcoin will gone but investing in banks is much less risky because they have insurance and strong system protection for the safety of your money and also to ensure to avoid bankruptcy we should choose the bank that most trusted and with high reputation. We should also not to forget that we have beneficiaries assigned to the banks in case of our sudden death.