The reason why many people view bitcoin as a risky investment is that it is an online and untouchable investment, and when an investment becomes online you have to be careful because of being scammed. Bitcoin is not that risky, despite what some people have said, and there is no other investment that is not risky, even the business we did today has risky. For investors who know their business, bitcoin can be a very profitable venture. However, some view it as a risky investment due to its volatile price; some buyers will purchase coins and then sell them for less than they had anticipated.
Looking at the Bitcoin price performance, the high volatility plus impatience is the reason why people call Bitcoin investment risky. But if we look at the chart one part in the cycle, Bitcoin is able to recover and even give profit to people who had invested on the previous cycle. With patience, I do not think Bitcoin is a high risk investment, Bitcoin price records is the solid proof of it.
People who claim that bitcoin is extremely risky are not far from the truth. Without mentioning that many people will not value their bitcoin, some will not secure it, and some will even misplace their private key, many newly introduced to bitcoin should always be informed that bitcoin is extremely risky so that they will value what they have. After all, purchasing bitcoin with large sums of money and then falling victim to fraud or misplacing your private key is not a good idea.
People who considered Bitcoin is extremely risky is not updated about the Bitcoin market. Bitcoin had already have a deep foundation and high liquidity market. It maybe highly volatile but those who are versed in the market can easily profit from it by having patience and reading the market movement through integrating TA and FA. If one bought at the peak in the previous cycle, they only need to have patience and wait for Bitcoin to break its ATH to gain profit. In the current Bitcoin behavior, patience is the key to minimize risk in Bitcoin investment.