If you have experience hedging your risk with options works well. It can take a while to learn how to play the swings.
I agree with this. You can invest small amounts and learn the ropes. You'll make mistakes, learn and perhaps become successful at it. You won't know if you don't try. Risk and other problems exist no matter what you decide to invest in. Socking your Bitcoins in cold storage waiting for the coin to gain value is also a bet and carries its own risk.