I would say that Bitcoin investment is risky for people who are not experienced with Bitcoin, moreover Bitcoin is the most reliable coin in cryptocurrency. But it is true that every person should be cautious before investing, otherwise it is always good for a person to be cautious as he may face losses at any time. Those who are new to Bitcoin investment should not only acquire knowledge about Bitcoin but also have long term plan in mind as investing is never profitable if it is short term. When an investor invests he must hold which will give him good success in future so investing in bitcoins cannot be profitable in short term so invest for long term. Patience is definitely one of the most important things in investing, the more patience one can achieve in the future, so knowledge and experience and patience are necessary for all investors before investing.
I would like to disagree with you because even those who have basic knowledge about bitcoins are not completely risky in bitcoin investment if they hold their investment for long time. I also didn't come here to invest with complete knowledge but tried to increase my investment experience by buying bitcoins every week with the money I had. Remember that every investment involves risk, be it small or large. When the price of a coin falls in the market, the level of risk for investors increases. Similarly, when the price of the coin increases in the market, the level of success of the investors increases.
By investment risk we may refer to market down or dip season. A dip in the market is a test for investors. Those who are able to patiently hold on to their investments without thinking of selling during the dip season reach the peak of success during the bullish season. Invest with a risk-averse mindset and have the determination to hold on to whatever the market conditions are.
Investing in Bitcoin with intentions to buy and hold onto it for a longer period is a simple process for any investor who is willing to make bitcoin a choice of investment. All what you you do is to follow the procedures to buy bitcoin with a DCA strategy on a regular basis, doing it and accumulating consistently to increase your holdings. This is what really matters by doing so you are likely positioning yourself to reap the benefits from the long term holding. Bitcoin has proven to be successful choice of investment All you need is to know the procedures on how to buy bitcoin.Every investment risks is involved but following a defined procedure can be successful. Holding onto Bitcoin for the long term can be a strategy to achieve good profits with less risk, Consistency in your approach with DCA.