Bitcoin is a high risk investment altogether, there are some strategies to reduce this risk. DCA ( Dollar cost average ) is a strategy, it is possible to reduce the risk of Bitcoin by investing in DCA method. Another strategy is buying Dip ( Discounted investment purchase )is a strategy to reduce investment risk by saving bitcoins by taking advantage of the time when the price of bitcoins will drop completely. Always keep an eye on the market because no one can predict when the Bitcoin price will go up or down so it is very important to be aware to minimize investment risk.