Most of the guys don't have a desire to risk, because they are not familiar with the principles of investing and saving so there are not skilled guys as at the stock market, but the newbies were not familiar with nothing but bounties for $5
That's why is really important to do your own homework before investing into something. Gaining knowledge into a project or technology that you wanted to invest will give you faith and trust with the money you invested. Our emotions will always cloud our judgement when it comes to taking risks. So with the perfect timing about everything accompanied with the trust of the technology then we won't end up to be an emotional investor that do panic selling when there's a sudden dip in value.
I believe bitcoin will live long and price will increases as time goes by despite of its volatility. This can be a good plan that everyone can follow though. Even it takes high risk, remember that there is no person become rich without taking any risk, even how high it is. Bitcoin can give good profit but remember that you can diversify your investment for more possibilities.
I concur. As the saying goes "No guts, no glory" but we need to control our greed as well for us to surely profit.
I don't agree with your assertion. In your post you comment that you invested an amount that you could afford to lose, therefore, I consider that the risk was not too high and this is precisely why you had benefits. A person who invests an amount too high according to his possibilities will be more likely to make the wrong decisions and lose his money.
You can always agree or disagree to anybody's post. As long as I invested money despite the fluctuations and uncertainty of bitcoin's value its already a risk and you don't know the value or how much money I can afford to lose. Don't act as if you knew everything in here.
Many of american people buy bitcoin for their retirement, so they save bitcoin for long term. I have the same plan with them, I still thrust to bitcoin rather than other cryptocurrency. Although people said that save wealth in form of bitcoin is risky but I knew that I take this risk with good reason.
That's not a good thing to do since bitcoin is very volatile. The risk is very high when it comes to investing your retirement funds.