I think there is a lot of "dark" money in Bitcoin, that will never get cashed out, mostly on the deep-web. So because of this the price of Bitcoin will most likely never drop below a certain value, criminals don't cash out their money, as even if you exchange your BTC to cash you can get busted, and certaintly criminals don't withdraw to a bank account.
So because of this the price of Bitcoin will be steady, I don't think it can go below 1000$.
Plus let's not forget that people lose their wallets all the time, just the other day a loss of 5000 BTC was reported, like a few months ago.
So it looks like the price of Bitcoin will go up regardless of what happens around it, in the long term. It's bullish long term in my opinion.
What happens in the short term doesnt really matter. Even the crazy people who bought at the peak in 2013, got their money back in 2016. So it's really hard to lose money in bitcoin due to market risk.
I think the market risk of Bitcoin is not a big deal, I worry more about software/malware related risks.
Sorry, I should have specified risk of bad/mis/mal-transaction.
That is completely an interface problem.
The risk of bitcoin going down in price, as above commenter asked, would be almost unthinkable. As there are so many pressures for higher prices. More people getting in, more people learning about it, more investors, more usage, more. So the risk of it going down would be all of those items reversing together.
And if actually starts being used to settle international trade, the price would miss the moon completely on its way to mars.
I would love to see more articles in this area. Especially with numbers and statistics.
You might wanna check out my latest article, I wrote a very detailed risk analysis of Bitcoin: