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?
Because Bitcoin volatility is high it makes it extremely risky investment, that's the rule is to invest only what you can afford to lose. If you have invested during the time you started this thread (price of Bitcoin then was just
$5647.47 vs today's price of
$9858.82), you gained a profit of almost !00%! That's if my math is correct.
Bitcoin value: $5647.47 - October 16, 2017 (08:00 AM Local Time)
Bitcoin value: $5743.45 - October 17, 2017 (08:00 AM Local Time)
Bitcoin value: $5594.47 - October 18, 2017 (08:00 AM Local Time)
Bitcoin value: $5495.70 - October 19, 2017 (08:00 AM Local Time)
Bitcoin value: $5683.66 - October 20, 2017 (08:00 AM Local Time)
Bitcoin value: $5989.80 - October 21, 2017 (08:00 AM Local Time)
Bitcoin value: $6020.30 - October 22, 2017 (08:00 AM Local Time)
Bitcoin value: $5937.62 - October 23, 2017 (08:00 AM Local Time)
Bitcoin value: $5879.95 - October 24, 2017 (08:00 AM Local Time)
Bitcoin value: $5577.92 - October 25, 2017 (08:00 AM Local Time)
Bitcoin value: $5694.24 - October 26, 2017 (08:00 AM Local Time)
Bitcoin value: $5885.37 - October 27, 2017 (08:00 AM Local Time)
Bitcoin value: $5764.85 - October 28, 2017 (08:00 AM Local Time)
Bitcoin value: $5735.73 - October 29, 2017 (08:00 AM Local Time)
Bitcoin value: $6111.17 - October 30, 2017 (08:00 AM Local Time)
Bitcoin value: $6120.82 - October 31, 2017 (08:00 AM Local Time)
Bitcoin value: $6404.92 - November 1, 2017 (08:00 AM Local Time)
Bitcoin value: $6709.49 - November 2, 2017 (08:00 AM Local Time)
Bitcoin value: $6978.53 - November 3, 2017 (08:00 AM Local Time)
Bitcoin value: $7201.52 - November 4, 2017 (08:00 AM Local Time)
Bitcoin value: $7379.54 - November 5, 2017 (08:00 AM Local Time)
Bitcoin value: $7424.23 - November 6, 2017 (08:00 AM Local Time)
Bitcoin value: $7007.85 - November 7, 2017 (08:00 AM Local Time)
Bitcoin value: $7080.14 - November 8, 2017 (08:00 AM Local Time)
Bitcoin value: $7365.18 - November 9, 2017 (08:00 AM Local Time)
Bitcoin value: $7164.93 - November 10, 2017 (08:00 AM Local Time)
Bitcoin value: $6545.88 - November 11, 2017 (08:00 AM Local Time)
Bitcoin value: $6295.68 - November 12, 2017 (08:00 AM Local Time)
Bitcoin value: $5953.76 - November 13, 2017 (08:00 AM Local Time)
Bitcoin value: $6475.15 - November 14, 2017 (08:00 AM Local Time)
Bitcoin value: $6607.45 - November 15, 2017 (08:00 AM Local Time)
Bitcoin value: $7264.52 - November 16, 2017 (08:00 AM Local Time)
Bitcoin value: $7819.38 - November 17, 2017 (08:00 AM Local Time)
Bitcoin value: $7706.59 - November 18, 2017 (08:00 AM Local Time)
Bitcoin value: $7761.98 - November 19, 2017 (08:00 AM Local Time)
Bitcoin value: $8040.05 - November 20, 2017 (08:00 AM Local Time)
Bitcoin value: $8233.46 - November 21, 2017 (08:00 AM Local Time)
Bitcoin value: $8120.11 - November 22, 2017 (08:00 AM Local Time)
Bitcoin value: $8219.51 - November 23, 2017 (08:00 AM Local Time)
Bitcoin value: $8051.32 - November 24, 2017 (08:00 AM Local Time)
Bitcoin value: $8216.59 - November 25, 2017 (08:00 AM Local Time)
Bitcoin value: $8730.57 - November 26, 2017 (08:00 AM Local Time)
Bitcoin value: $9305.80 - November 27, 2017 (08:00 AM Local Time)
Bitcoin value: $9642.59 - November 28, 2017 (08:00 AM Local Time)
Bitcoin value: $9907.62 - November 29, 2017 (08:00 AM Local Time)
Bitcoin value: $9772.29 - November 30, 2017 (08:00 AM Local Time)
Bitcoin value: $9858.82 - December 01, 2017 (08:00 AM Local Time)