Everything we do in life has risk associated with it and Bitcoin is no exception. Bitcoin is exposed to the general risk that is common to all digital businesses such as losses due to hacks and theft, risk as a result of mistakes in keeping the wallet information safe where it can be accessed and remembered, risk as a result of incidents such as natural disaster and fire outbreaks and so on. Apart from these general risks, most of the risks people link to Bitcoin are man made and avoidable. They are mostly caused by fear and greed which can easily be eliminated or greatly reduced by adopting the right approach and developing the right mindset.

When Bitcoin investment is treated like every other form of investment, most of the risk will naturally go away. For instance, when we start a farming business, we following the necessary process of planting and waiting till period of harvesting before we expect some return on investment. No one start farming business today and is expecting to make multiple of his investment the following month or two. The same can be said of fashion business, real estate and virtually every other business. Unfortunately, when it comes to investment in Bitcoin, people want the huge return within a very short time. They are not ready to give it time and nurture the portfolio to maturity and when the expected fast return is not forthcoming, the FOMO and most times sell even at loss and retire to amplifying the risk of Bitcoin.

I'm yet to see a single person who bought Bitcoin properly and held for at least 5 years that is regretting today. Therefore, I feel the risk associated with Bitcoin is not fairly presented and most times exaggerated.