1. Is Bitcoin Risky?: One major concern that holds me back is the perceived risk of Bitcoin. What if people invest and end up losing their hard-earned money?
How do you approach this aspect when talking about crypto?
Any investment comes with a risk you cannot only point out that the risk factor only exists in Bitcoin investment. The solution to counter the risk factor is to inform the individual to whom you introduced Bitcoin, to invest what he/she can afford to lose. Like other investments, you won't become rich after investing in Bitcoin instantly. Bitcoin is not a quick rich scheme it is a technology based on cryptography and can used only when the internet is available. Always keep in mind that It would take time and would require a lot of patience to gain a high return on the investment in Bitcoin.
2. Beating Inflation and Earning Profits: On the other hand, I also see the potential for people to beat inflation and make decent profits from cryptocurrencies.
I am not sure about cryptocurrencies but one thing that makes Bitcoin unique is its ability to be inflation resistant. The simple reason is that it has a limited supply, ensuring that its value will remain steady over time. Earning high profits cannot be guaranteed yet it can be achieved if anyone follows a systematic plan of investment in Bitcoin.