Even stock markets and Gold can't bring such profit which cryptocurrencies can gives you. I know its risk but you have to take risk in order to gain success and want to become rich.
Yes, the risk is always going to be there, but for one thing, you would not even need a soothsayer to tell you the potential gains you can experience in this space in the long run, if you are able to manage your funds well in most cases and have the understanding to know how to play your cards pretty right. The risk in every investment is always going to be there, which is why you need to know where you are buying which in this case, is actually a very good time for the OP to be getting in. If he had invested such amount into bitcoin early last year alone, I am sure even with this dip, he is still going to be in huge profit.