I have sold my BTC earlier @$31k-$35k range long ago. I have invested in altcoin then and made some great profits although I had to lose 50% at the end. Now, I own almost no cryptocurrency other than USDT and a few trash coins.
Yesterday, I was scrolling newsfeed on twitter and got someone tweeted like this, "No BTC holding is risky.' This is somewhat true when I thought it deeply. Now, I got the same feeling. It’s risky to not own any bitcoin. Fiat is getting devalued all the time.
Not completely true. It's risky if you hold it for short term. It's risky if you don't handle your coins properly. Say, you are holding your bitcoins in a custodial wallet where a third party controls your private keys. Then it's risky. Hold your bitcoin in an exchange, there is a change the exchange might get hacked and you lose your coins.
If you safely store your coins and hold it for long term, then yeah, the risk is then very small. But risks still exists and you need to keep that in mind.
besides holding, following the trade is better, because we can manage finances better, as today's condition bitcoin is fluctuating from $47k down to $44k. this is another chance to buy before bitcoin breaks through $47k again. so on the sidelines such a trade can manage finances well. Of course with a system like this the risk of loss can be minimized, it turns into more profits.