The demand for bitcoin is increasing. Bitcoin has become the foremost way of investment not only for the business owners but also for the job seekers. As per the recent study, almost 30% of Millennials would prefer having a thousand dollars worth of Bitcoin than stocks or bonds.
For the First-Time Investors, it would be a little bit better if they start off with the downside. Bitcoin is much less risky than other cryptocurrencies. Moreover, a lot of first-time investors who begin with cryptocurrencies have a very limited perception of risk. Few months back there really hasn't been that many big draw downs in Bitcoin that haven't been immediately reversed and we don't know maybe that same thing is gonna happen here as well so a lot of them have profits that outweigh their initial investments in a ratio of ten to one meaning that even if the market saw a decline of 80 percent they still would have performed or outperformed by investing in Bitcoins.
Crypto is not an investment, especially for first time risk takers.
If you want to treat it as an investment then do your homework to know all the risks associated when you put money on it. Just because crypto especially bitcoin has a potential to double or triple your investment, same scenario can happened when you loss.
While encouraging others to put money on crypto, always enlightened them that take their crypto journey into long term and don't expect an overnight profit overnight. Make room for studying strategies along the way on how to deal with those risks.
Bitcoin is much less risky than other cryptocurrencies.
Yes but still don't take the word "risk" lightly especially in cryptocurrencies. If you not able to play it right, you will be wrecked.