Bitcoin is an interesting technology and a new form of money, but this does not mean Bitcoin regardless of risk. Keep in mind that there are some similar rules in Bitcoin like traditional money. For example, don't keep your cash under a pillow because it's easy to steal, or don't entrust your money to strangers.
Bitcoin also has another unique risk: for one person, Bitcoin is a new technology, and although it looks very safe and solid, there is always the possibility of failure. That's also why you can never enter Anda all your eggs in one basket ’and never buy Bitcoin with all your assets. Bitcoin is more volatile (the value of Bitcoin can rise and fall in a short time or place) compared to other currencies, and although now the value of Bitcoin is more stable, Bitcoin will definitely experience many volatile moments in the future.
Remember that Bitcoin transactions are similar to cash where transactions cannot be canceled - so if you send Bitcoin to the wrong person, or your Bitcoin wallet is hacked and someone steals your Bitcoin, it is very difficult and even impossible to retrieve it. Bitcoin is also not protected by any entity, so if you lose your Bitcoin, the service provider or "Bitcoin network" cannot compensate you. That is why you must use trusted products and service providers to help you, just like when you choose a bank to keep your money safe.
Finally, the value of Bitcoin is determined by the number of people or businesses that accept Bitcoin. If Bitcoin develops, this will be very good for Bitcoin, but if fewer people use Bitcoin, then this will have a negative impact on the price and use of Bitcoin itself.
In conclusion, Bitcoin is a great potential that is very interesting in changing the world, but make sure you understand the risks that exist along with it.
