The biggest risk of using Bitcoin is it's price. It's price is unpredictable anyone can't guess the future price of bitcoin it will lose or dump you can lose and earn from it but it is risky.
No if you just look at the value you will forget the real meaning of bitcoin.
The risk and also the unique feature of bitcoin is that it is "no regulation", Decentralization makes bitcoin invincible to exploitable weaknesses beyond psychology and panic from users. Only if it determines retroactively can availability be guaranteed.