I just wanted to know that,what amount of risk is there in investing in bitcoins.
Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.
I'll take one question at a time. Let's start with the question "Can bitcoin price decrease?". The answer for that is YES, bitcoin might fall at any time. There's always a risk on investment, and bitcoin is no different at all. Since bitcoin is known for its volatility, we can't ignore the fact that at any time, your money might suffer a lot. Don't worry, anyway, because bitcoin has gone through a lot of situations like this, but in the end, it was still able to recover.
Now, let's take the question "Is this the right time to buy bitcoin?". That depends on your plan. If you plan to invest your money on bitcoin for just a short time, then I think it is not the best time to do that. Short-term investments usually don't succeed due to the fact that the movement of transactions in the market is not done in just a month or two. But if you're investing for a long-term, then I think it is still a good time to buy bitcoin. Who knows, bitcoin might double next year. Tracing the track of its value's growth, we can see that bitcoin has indeed grew to become one of the BIG THING in this new era.