It all depends on the price at which you bought Bitcoin. And if you bought bitcoin for 69 thousand dollars, then you would not say that investing in BTC is not risky, since your deposit in dollar terms would decrease by more than 4 times. So all investments in cryptocurrency involve risk, including bitcoin.
This is a volatility risk, of course nothing can prevent it. Bitcoin price fluctuations are of course one of the risks that need to be considered so that people understand what's the point of having a good mentality to face each cycle. Unsurprisingly some long term holders are able to generate large returns even though they have bought at ATH, this is also supported by an investment strategy whereby they have a backup plan in case an asset loses a large percentage of its value.
I mean they can increase their investment portfolio quickly where they have enough reserve funds to buy any dips. Even if their previous investments lose a lot of value in dollar terms, when they understand a good strategy and have a lot of reserve funds, they will be successful in the end. The example I'm talking about is El Salvador or some famous investors like Saylor. They will buy more on the dip so any gains can offset losses. In the end, the rich will get richer and the poor will remain poor because they are not supported by good capital strength.