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The Risk of Rushing into Bitcoin
The risk is from yourself. If you are not mentally strong enough, you will not able to handle the volatile market. Tomorrow, it may rise by a thousand dollars but the next day may drop by two thousand dollars. You will become like the FOMO losers who buy when the price is high and sell when the price is low especially if you are here to get rich quick. When people asks you why you buy bitcoin and you only answer "to get rich" they will eat you alive.
Question Checklist Before Buying More Bitcoin
1. Do you know how the current global monetary system is created and how it works?
2. Have you studied some previous monetary crisis'?
3. Do you know why bitcoin was created?
4. Do you know what bitcoin is and how it works?
At least watch a short video how bitcoin works.
5. Do you know the benefit of bitcoin?
6. Do you know the challenges of bitcoin?
Until you understand them, you should not buy more bitcoin because not only you are leaving yourself vulnerable, your future actions will burden the entire cryptocurrency community and those who really needs cryptocurrency like the unbanks, the discriminated, etc. The best approach is to educate yourself first.