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.
Of course, Bitcoin is not risk-free. But the risk we are talking about is now far away. So we can say that Bitcoin is currently risk-free. But ordinary people who do not know what the risk of Bitcoin is, they think that the price is low, therefore the risk of Bitcoin.
I want to tell them that the low price is not a risk of Bitcoin, but rather it is a feature of Bitcoin. If you look at the features of Bitcoin, you will see that the price is low and the price is high.
How do you mean the risk we are talking about is far away? Anything investment is risky because the outcome is not guarantee or certain because if it was..., some people will use all there life savings to invest but because it is not guarantee that is why they advise us to always use waiting we fit afford to loss. However, but because of how long Bitcoin don stay and how the value have appreciated that is why some persons will say it is a promising asset or project but don't get it twisted and the low and high you are talking about is what is known as volatility ( up and down) that is Bitcoin behavior.