I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.
No one has gotten burnt buying Bitcoin and holding it for 4 years to 5 years. Those that lost money to Bitcoin as usually those that buy today and expect the price to skyrocket within few days or few weeks. This is not fair to Bitcoin and makes it look like gambling and not investment.
Till today it would be difficult to find an instance where an investor has lost money after buying and holding Bitcoin for a long period of time. But some investors must have suffered losses who could not keep all their money invested in Bitcoin. Lots of investors have to sell their bitcoin when they need money for their expense. Those who have only invested money for a long time that they have no problem with spending money, have definitely been profitable. But those who hope to make profit from this short-term investment will definitely lose if the environment is not favorable.