I would wager that when you kept >1 BTC on a hot wallet, it was worth a lot less than it is worth today.
Of course, it was worth a lot less than it is today, but I still didn't feel safe with this way of storing my private keys - and no matter how careful I was, I was always aware of the possibility that one day I would open a wallet and the balance would be 0. Although I slept much more peacefully after buying the hardware wallet, after the Ledger fiasco I began to have big doubts about that company and their devices (although the devices are not compromised), but the reputation was literally lost overnight.
It is not easy to be your own bank even for those who have experience, and I can only imagine what it is like for those who have no experience and are quite confused about everything. For them, the best advice is to invest in knowledge first, and then in Bitcoin.