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.
In this part of the world we find ourselves taking risk is very important in life to be successful, If we decide never to do then we do not stand a chance, but if we decide to do it then we stand a chance, We all know that Bitcoin is Volatile asset which also means that it is not risk free,
But it depends on your approach to Bitcoin that is very important, If you approach it with a long term investment you stand a chance of being more successful with a lesser risk, But its never advisable to trade on a Regular basis which have more tendency of more risk applied.