If you think being risk-loving means richer, you're wrong. Only a small group of risk-loving people are successful, you never heard stories of unsuccessful one because, well, who want to hear unsuccessful stories. You may suffer from
survivorship biasBeing risk-loving is bad for most of the case, in the long-run you always lose.
I think OP is trying to say taking risk is worth been ahead financially but been in stupid risk will make one go zero financial status and it will be a dead zone for such investor.
Taking risk should come with vision and mission so that one don't end up in the wrong direction.
For example, you wouldn't advise someone who is looking for a short gain to buy bitcoin at $38k, that's a foolish move because there is possibility of price tanking down and he may like hold it for long time.
Just common sense and you will able to spot it out which step is really worth and which step isnt really not right after all.Taking risk on everything will really just lead you neither into success or complete failure.
It will depend on how you do assess basing up on the situation or chances on where you do look that its best to put some money.True that risk takers would have the advantage to make money and same goes
around on losing money so its still a 50-50 chance of success and this will really be needing some sort of luck when you do risk into something.