These are all great points and traits of Bitcoiners to possess. All investments pose a risk. Its like fishing. You're never guaranteed to catch the fish, but what you are guaranteed is the experience of getting out on the water, casting you line out and making a real effort to catch that fish. In order to catch fish you have to put yourself in the position to catch that fish!!!
Yes, I think the best way to approach bitcoin investment is with patience, because despite the great profitability it has given since its inception, there have been many people who have lost money because they did the opposite of what they should have done: they bought high in a bull market, near the peak, and sold out of pessimism when the price fell and the bear market began.
The best thing to do is to take the long view. Buy as much as you can, and wait, better if it is two cycles or more. If you want to sell, take advantage when the price has beaten ATH to make partial sales, and when the price goes down and there are people saying that bitcoin is going to go below $1,000 or even 0, you can reload more.
Above all, patience.