Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.
What do you guys think?
You cannot compare bitcoin on banking in terms of risk, why? bitcoin is far more riskier than bank , where in fact bank is the safest place for money . The rule in investment is the higher the risk, the higher the return , so the reason why bank has the lowest interest rate , out of all investment is because it is also the least risky of all types of investment , while bitcoin might fluctuates in no time but it can generate a high profit because of the risk that it has. So bitcoin is riskier than bank .
