Investing in Bitcoin is not risky if you hold it long term you'll yield more profits but if you give in now to FUD you will find yourself losing money. This pump is not driven by short term speculation by a number of whales but by Institutional money flooding in, such as Paypal newly added Bitcoin to their platform and Tesla buying billions of it. Other companies are stocking up BTC if you look at the fundamentals of the price surge.
I agree with you, Bitcoin is safer for a long-term investment, because many institutions investing in Bitcoin make Bitcoin fundamentals even
stronger. So buying Bitcoin at the current price can generate huge profits for a long-term investment. But if investing in Bitcoin only wants to
get profit in the short term, or we do day trading. It is very difficult indeed to do, good analytical skills are needed in reading Bitcoin price
movements, in order to determine the right purchase price. Our emotions must be well controlled when we want to successfully make
day trading too. Because if we panic easily when the Bitcoin price goes up or down it will only make us suffer losses.
