I'm not saying that there is no singe risk involved in Bitcoin but the truth remains that Bitcoin is not turning to zero for any reason so there is no way I will lose.
It is not a zero chance that bitcoin would either go to zero or some other variation of going down from here rather than going up, so if bitcoin were to continue to spiral downwardly without ever recovering and if you were to keep buying bitcoin and it never recovers, then surely in those kinds of circumstances you would end up losing, and even if they might be low probable outcomes, those are not zero possibility outcomes.
I am particularly perturbed when I hear about Bitcoin going to zero because even though it is a possibility, the chances are slim and I don't want to dwell in that thought as it will only increase anxiety for those holding for as long as they live like me ( I already made up my mind that Bitcoin will be one of the treasure I will to hand over to my heirs). If I'm preoccupied with the thought of Bitcoin going to zero, then I will naturally be drawn to investment options that I know will not go to zero such as physical asset which only natural disaster can reduce it to zero if the investment is genuine. So Bitcoin going to zero is not a factor for me.
The other factor or variation is investment going down instead of up, well this will simply mean a reduction in dollar value and not on the Bitcoin itself because 1BTC will always remain that, only the dollar equivalent can change and as someone who have the confidence that after this reduction, it will eventually rise so holding it will eliminate whatever risk that may be associated with this variation.
From the available data about Bitcoin, the only time you lose money in Bitcoin is when you deliberately sell at a loss else holding it for a little longer will always lead to profits.
Selling too much too soon.. yeah.. and then also trading and/or using margin.... but yeah, so far, historically, those who have either held or just continued to buy on a regular basis and errored on the side of holding and not selling, they have so far always gotten into profits, and truly that is completely true for everyone when when we are at all time prices... and the last time that we were at all time prices was around 7 weeks ago... yet for sure, right now, as I type this post at $59,244, we are right around 20% below ATH prices... so there would be a small grouping of folks who are not currently in profits.
Those who bought around the ATH price of 2021 and held till this new market cycle eventually entered profit even though those might be the core believers of Bitcoin with clear long term view and approach to Bitcoin. Those who bought at the recent ATH price that are in loss now will definitely be in profit, just that we don't know when that will happen and if they will be able to hold like I wish they should be able to. You will agree with me that those using the DCA method might just have a small portion of their Bitcoin collected at that price which may not be so significant to put them in loss overall, meaning they only have part of their Bitcoin collection in loss but their entire portfolio in good profit.