Almost everything in life is about risk taking but sometimes I neglect the fact that Bitcoin has a little risk because of it potential but yet I still invest with what is convenient for me, it is good to know Bitcoin is not risk free but I think it will be more good if you keep aside the " not risk free" and focus on your investment and do what is really required because sometimes when an investor put this not risk free mentality in their head, it might likely discourage an investor to some point. If one can be able to keep aside the following; discretionary, emergency and back up funds then that particular investor should be not thinking about risk but rather focus on how to use those funds judiciously.
There is minimum or we can say zero risk involved if we talk about investing in Bitcoin. It's just an inner fear or trust issue which one has to overcome and start investing in Bitcoin, rest is a smooth journey. We have discussed and seen many cases of investing in Bitcoin for longer duration, as long as someone intent is to HODL Bitcoin for 5 or more years he is bound to get good return.
It's important to keep investing in Bitcoin the discretionary income we have in our hand. If someone don't have any discretionary income for Bitcoin then he must think of how to generate that discretionary income.
As a Bitcoin investor, you must maintain a long-term perspective, Bitcoin history clearly proves that those who have held for the long term have certainly been able to profit, and they have profited to an extent that they did not expect. It would be best if an investor can hold Bitcoin for the next two cycles, or more if they can afford to hold it, in short, long-term holding is the only way from which people have the potential to make profits larger than expected.
Whatever we do in terms of profitability in Bitcoin, it is just wise that we should know that there is every tendency that things might not happen to perfection unless we stick to accumulating for a long term sustainable purpose, just as it’s always emphasized here Bitcoin is a very volatile asset and investing in a long term strategy and to hodl is definitely the most way to approach Bitcoin investment, but for a fellow that is growing his portfolio and wants to build a successful Bitcoin portfolios i think we should consider not to be profit Oriented so we can hold for a long term and continue to accumulate, if an investor is able to accumulate and hodl for a circle that is a progress made and we all have our different goals and objectives in terms of continuous improvement then we can continue to hodl and sustain our reserves.