The value of Bitcoin can be extremely volatile and has seen some dramatic price fluctuations in the past.
As with any digital currency, there is always the risk of theft.
Since Bitcoin is not regulated by any government or financial institution, it is open to fraud says Fred Auzenne.
Bitcoin has been associate with several speculative bubbles, such as the one that occurr in 2013 when its price surge from $13 to over $1,000 in just a few months.
In addition, there have been several cases of Bitcoin theft, so you need to be careful about how you store your cryptocurrency.
Unlike traditional currencies, Bitcoin is not back by any government or financial institution.
It can be difficult to obtain Bitcoin, as most exchanges only deal in a limited number of cryptocurrencies.
This means that the value of Bitcoin could drop if these other currencies become more popular.
Overall, there are a number of risks associate with investing in Bitcoin.