But as a newbie, I still have this fear that I may not be able to withstand the risk involved. Can anyone advice me on this?
I think you entertain such FUD because probably you feel the best way to meet up is to invest all you've got which is not advisable since to trade or invest in Bitcoin is to do it with an amount you can easily part with thanks to the volatility rate of it.
Secondly, nothing meaningful in life is worth it without engaging in some form of risk. Learn about Bitcoin first do it gives you a background knowledge of what you are heading into.
If you really think investing all in, then you will surely fear of its outcome. You cannot start investing if you see yourself less knowledgeable in the crypto market. Take the process of learning first until you see yourself start to completely understand how crypto investment works. Risks will always be there. If you keep on fearing it, nothing will happen to your life. That is why learn first before you take the risk so you can lessen the risks and manage your losses if ever you start investing.