But one thing we have to know about investment is this, "the higher the risk, the higher the profitability. So without risk there is no investment.
That is what shitcoiners say all the time, and they end up broke because many times they end up gambling rather than investing, even if they might think that they are investing, but they have such superficial understanding what they are investing into and maybe they do not have too many clues regarding what is the meaning or risk and how do you either assess it and/or establish sound practices in order to mitigate many aspects of the risk.. whether that is figuring out position size, or what to invest into or how to manage personal finances (including but not limited to planning for income and expenses - as well as establishing emergency funds, reserves and/or a float)...
Well this is true, such statements mostly use in shit coins . We all know that bitcoin has it's own Risk but to me bitcoin is only consider risky to those who normally focus on short-term profits. But when holding bitcoin ( for long-term) as same time you're minimising the risk in investing in bitcoin, because bitcoin is actually more safer to invest on than those shit coins that are damn risky . So when you have good principles towards bitcoin, you would secure a good and safe investment that will help you.
For example those that bought bitcoin during its ATH. When it was around the price range of $60k, bitcoin undergo a great dip and alot of investors mostly those who are in for short-terms profit endup selling their bitcoin due to fear or thinking they have cut Their losses. While those with good principles and with the mindset of long-term investment keep on holding and accumulating more quantity of bitcoin with bitcoin accumulation strategies like DCAing. And hold till now, and now we can see that bitcoin price is around the price range of $67k with a small difference of hitting $70k and such users that kept holding their asset would be in a great and nice profit now due to the DCA strategies and other strategies use by the user in accumulating. and now a lot of people are engaging on long term hodling because it has been seen as profitable.