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.
Risk on losing your money/coins literally through exchange/platforms hacks & Risk on losing your money when it comes to volatility.These are the primary risk that you should think off not just when you are simply holding then you are already get rid of the risk.It would always be next on line or always been part and you should really be minding about the possible ways that it could be hacked nor lost.
As an investor then its just normal that you would really be that mindful about lessening the risk and as you do gain experience and skills and knowledge you would certainly able to handle that.