We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.
Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's If you invest in altcoins, you have the opportunity to make more profit.
if we feel that we have enough knowledge about investing, then our next step is to choose a particular coin, for long term investment, I never look for other coins because my first and last choice is Bitcoin. I am not willing to take maximum risk of money no matter how much profit other coins give me, I think my money is safe if I invest in bitcoin so I always take bitcoin for long term investment and I think I am right in my decision.
In investment area what I deserve that having only money is not sufficient, a investor need to have at least basic knowledge otherwise investors have to face different adversities. Because ignorance will not fulfill anyone's investment. An investor first needs to gain knowledge especially investing in Bitcoin otherwise he may lose money on the investment. When an investor discovers the difference between Bitcoin and other coins, he will only be interested in investing in Bitcoin. There is no alternative to Bitcoin for risk reduction and investment reliability. Although Bitcoin does not provide any certainty but when an investor learns about Bitcoin he will have a clear idea on these issues as well.