Bitcoin is still a risky investment. If it went up for a year now, this is not a proof that it will continue to go up in the next year. We are all hoping for that, but anything could occur. Many unwanted situations can happen as they happened in the past, for instance, the Bitfinex incident. There is no guarantee that something like this won't happen in the future, or something even more dangerous and detrimental. Whatever the circumstances, we should always remain realists.
that is what speculation is all about. you check out things that are contributing to a rise and things that are contributing to a fall.
and so far a rise has a bigger force, and with the addition of adoption that is growing day by day there is no reason for price to go down.
and all those little incidents that you mentioned are bumps on the road. something like bitfinex was mostly fear coupled with manipulation that lead to a temporary drop which also price recovered fast enough. and will do in the future possible cases.
Actually, I am quite with you on that. The Bitfinex incident was a good opportunity to buy cheap bitcoins, and likely the only such opportunity for well over a year now. But still we shouldn't forget about the Mt. Gox fiasco, and what havoc it caused. I'm not going to say that something like that is going to happen, history doesn't work this way. I'm talking more about the scale of that event and the consequences that it led to, which could be repeated.