Is bitcoin to risky to invest now? Is this the right time to hold Bitcoin? Will Bitcoin die this year? How do you explain Bitcoin to a 6-year-old?

Is bitcoin to risky to invest now?

You probably want to know if Bitcoin can make you money, right?

The question is first of all what is the real goal that Cryptocurrency catch you attraction?

If the answer is - Fast Money Making(?) - I cannot really help, but if you are looking for a long-term investment, then Hodl, be patient.

Before entering to any type of investment you should be aware of the risks, aware of upcoming fundamentals and compare competition.

Invest your time in your own education and research before you risk your money.

With or without our approval, Bitcoin has become a thing, and for those who jumped on it early, a very profitable one.

Many are asking themselves if it is too late to invest, and I think that it is never too late to start investing.

I truly believe that the biggest added value of that you can receive from cryptocurrencies is the knowledge of how the future modern world will look like.

Any idea that you might have in your mind - Blockchain technology can add value

First of all remember that the worse thing you can do to yourself is - to invest more than you can afford yourself to lose. Just don’t get there.

Once you will believe in Modernisation and improvement - all you need to do is to start your research and focus on education.

If you are the type of person that needs a mentor, someone who can guide him and provide him with the firsts steps - it couldn’t be a better time to start than today.

Answer is given by quora.com expert Laura Cristina Rosca

Is this the right time to hold Bitcoin?

There is no right or wrong time, because cryptocurrencies can never be predicted. They are very volatile and risky. If you'd like to invest, just make sure that you'll be using the idle money which you don't require or we can call it surplus after the allocation of emergency funds. Never expect returns just wait and watch. If it starts to earn some good amount, withdraw your investments, book your profits and let a part of your profit stay into investment. You'll never regret this strategy.

given by Sreekant Shrinivasan, Quora.com expert

Will Bitcoin die this year?

Oh, we are not that lucky.

Eventually, Bitfinex’s constant Tether printing will fail to keep the price of Bitcoin above $9,500 USD, at which point the panic selling will get ridiculous—and people will realize they can’t get actual USD because you can’t redeem tethers for USD, it can’t be done.

So they’ll try to buy altcoins with their tethers, which will briefly flare the values of those up, but there simply won’t be any USD floating around, as everyone realizes they’re holding USDT, not USD. A select number of whales will make out like bandits as they liquidate their supply of pretend internet money, and there will be a legion of bagholders.

Bitcoin will probably drop down to around 2–3 thousand, which is about 3–4 thousand higher than it would be in a good, righteous world.

Another exchange will open, and Bitcoin enthusiasts will point to their line that gosh golly Always Goes Up, as long as you treat all times it doesn’t as just opportunities to Buy the Dip.

And, like every Bitcoin exchange that has ever existed, they will be ‘mysteriously hacked’ sometime in 2019, take millions of dollars from its customers, and then Bitcoin adherents will continue to sell their worldly possessions in the next surge of the self-propelling ponzi scheme.

Let’s be clear: Bitcoin cannot make you money unless other people buy in after you.

When an investment can only make money by virtue of the investments of those after you, it’s a pyramid scheme.

But it will never die, because anarcho-capitalists are….a fascinating bunch.

Answer is given by quora.com expert 

Tyson Cochrane

How do you explain Bitcoin to a 6-year-old?

I would explain Bitcoin to a six-year-old as follows:

Bitcoin is computer money. Money that we use to buy and sell things using computers.

Bitcoin is special because it has no boss, except for you. No one can tell it what to do. Not the President, not even God.

Because the President and God can’t tell your computer money what to do, it belongs to you forever and ever. As long as you don’t forget the magic word you taught your computer money. You need the magic word to use it.

People like Bitcoin over real money because we don’t have to carry big amounts of money around. We can send a bazillion dollars anywhere in the world very very fast, without having to carry it.

Bitcoin is MAGIC COMPUTER MONEY.[1]

given by quora.com