As I said in the title. I was interested in putting my money into Bitcoin because of the ever-increasing price.
But I want to know what the biggest risk is to hold Bitcoin?
You know what is the biggest risk? It is when bitcoin surprise to decrease again because of that we cant never gain profit. So in holding you must have strategy to deal with this kind of situation but if you have an instinct that bitcoin will continually go up then itust a be a help.
Only risk I can think off is in adoption of Bitcoin. Many holder's, including
me, believe in global adoption. What if that does not happen? Only with full
adoption we can have very high Bitcoin price, but what if that does not happen?
Price fluctuating in some border's, with peaks and dips. Who likes to risk can
earn from that, price is very unpredictable have that in mind. With holding you
do not risk a lot. How times is passing entire world seems to be more interested
in what Bitcoin has to offer.
Risks are always present. Holding Bitcoin's is profitable for many who started
with that long time ago. New holder's, I think of my self as a new holder, should be
patient and give this technology time to develop. Holding is keeping Bitcoin more
then couple years, everything less is trading.