JayJuanGee you are right because even though the risk level is dependent on the allocation level and personal risk assessment, that doesn't override the general risk that is available with bitcoin holding and since bitcoin can react in whatever direction it then means that bitcoin is naturally a high-risk investment and holding bitcoin for the long term or short term depending I the holder frame of mind and decision to should all be done having the risk in mind.
In some cases, bitcoin is a none guaranteed investment and the success level of each bitcoin holder is depending on the individual approach to the general concept of bitcoin, and how the holder decides to take profits or loses along the line without necessarily getting excited from the market in entirety.
At the moment, for all long-term investors, bitcoin has been a profitable investment, when I say long-term, I mean a period of 5-10 years. In the last cycle, the price has risen very well and those who bought 50k or more are now in losses, and they can lose money if they sell now, but they can also hold further and eventually get into profit in a new bull market. But the importance of the right time to buy is difficult to overestimate, this applies to any investment, you can’t buy on ATH and count on profit.