Is a Perfect Circle Possible?
As Erwin points out, a perfect circle is not achievable with a bezier curve, but one can get fairly close without very many points. I have searched for some simple rule of thumb and curve editing methods to make it easier to achieve. I post my findings here, as well as in the Tutorials and Solutions forum, for others to make use of or comment upon.
I constructed a circle starting from the origin, 1200 f-units in diameter, and used trigonometry to pinpoint a few precise points that a perfect circle would pass through: There are two guides are at 30° and 60° and a 45° tangetnt to the quadrant at the mid-point, which is almost, but not exactly 600 f-units from the centre of the circle - 599.626550 f-units to be more precise.
After drawing one circle with four on-curve extreme points, and eight off-curve points, which is fairly close to a perfect circle, I copied it, pasted a copy in the same place, and reversed its direction, creating a white circle on a black circle. I then deleted one of the off-curve points in the top-right quadrant and moved the single remaining off-curve to get the best match to a perfect circle.
Both circles are imperfect, but the white one with two off-curve points is the best approximation.
The first illustration shows the quadrant with the guidelines. All the off-curve points are selected. The vertical and horizontal guides bisect the quadrant and intersect the diagonal guides on the circumference.

The second illustration shows the points with connecting lines, with the guidelines hidden. You can see that the white circle with two off-curve points has tangents at right-angles to the on-curve extreme points, whereas in the case of the black circle with only one off-curve point the tangents are not at 90° - the black circle will therefore be a bit pointed at the on-curve extremes, if I my understanding is correct.

A further point to notice, is that the on-curve mid-point on the quadrant of the white circle is redundant. One can delete it without changing the curve at all. I added it by selecting the adjacent off-curve point and selecting add. The 45° diagonal tangent to the white circle passes through this point. A perfect circle would pass somewhere between the black and white circles outside this tangent.
I hope this helps you understand how to get close to a perfect circle.