Taking high risk doesn't guarantee you a high return every time. It is a really ridiculous saying I think. If you fall for it, there is a high probability for you to lose maybe all of your investment amount or most of it. In this market, taking higher risks can take you to really interesting places. So I think that the best thing to do is to make a regular investment into some coin and go on with it.

And just deal with the risk that you'll take for each of those coin that you're going to invest.
It is very important to take those risk and know how high or low they are because it's your money that's being invested. Whether you're young or not, it is normal to take risks.
We should do our own research to minimize the risk but it's also great learning if you experience it first hand.
Even traders learn things the hard way when they start trading on a real market.
It's either you win or learn should be the mindset of these young investors, we just learn during the process.