The most effective way to lower your risk is to do more research.
Yes, any kind of investing have risk that's why very important that you have knowledge in cryptocurrency cause you know how to handle and face the risk. If you don't have knowledge in cryptocurrency it may cause to loose your money in a seconds cause you don't know how to handle the risk.
Yes that is right. I think that if we have good planning and strategies, then we can easily manage the risk of investing money in bitcoin. I think that our first strategy should be not to get panic but to remain strong and try to hold our bitcoin for the best time to come.