The reason why I said the risk in bitcoin is worth taking is because, back then bitcoin started as an experimental digital currency, but now it has gradually and continuously improve in growth and transformed over time into global class asset that have attracted millions of investors because of it decentralized and transparent nature.
If we can recore back over the decade bitcoin has outperformed traditional assets like gold, stocks and bonds, making bitcoin the best and number one asset both in crypto space and in the traditional assets.
But If bitcoin is the best and still maintaining the number one asset both in crypto space and in the traditional assets why is people still referring to bitcoin as a high risk investment, (or is it because of it volatile nature) or what……? I know bitcoin is not risk free you can either profit or loose but when you understand how bitcoin works and it nature you will be at the safer side.
I and my friends just had an arguement, they said anything called cryptocurrency including bitcoin is very risky and the Risk is not worth taking.
Bitcoin is one of the most volatile assets, but nothing in this life is risk free, Bitcoin have improved drastically in past years it still doesn’t make bitcoins risk free, but long time holders are more of risk free. If you hold bitcoin for a long time is more volatile to trader. Most importantly bitcoin holds the control the situation of the cryptocurrencies, but if you can check the track record of other assets you observe Bitcoin is a risk worth taking because in recent years it has been profitable to invest when ever it dips. It’s also important to have a good understanding and knowledge before purchasing. But I guarantee you it’s a risk worth taking