Whatever investment that you are doing that doesn't guarantee you a specified amount of profitability in the end is a risk, and Bitcoin is not excluded from that. Mind you whatever you hear people say about bitcoin getting to certain price level in the future are mare speculations. There is no guarantee that it will play out that way. Also relying on past performances of bitcoin as a proof of future performance is also risk of it's own. So when you have invested in bitcoin and your plan is to hold it for 5 years, that's risk on it's own because you are not guaranteed of making profit. That's why the risk in long term hold is not zero. You can't take speculations for facts!! If you had known the specific amount of profit you will make at the end of the 5 years before investing, then you can say there is zero risk. But since there is nothing like that, there are still elements of risk involved, because it may happen the way you expects or it may not. And it is advisable not to be over reliant on your bitcoin investment so that you don't get into trouble, when your projected time of holding comes and things don't go the way you planned. That you hold bitcoin for 5 years does not guarantee you profitability. That's the risk in it.
Everything that is Investment especially Bitcoin has a fluctuating nature where the movement of the graph is not measured accurately, from here everyone can speculate about the future value, those who do have their assets certainly think this will be much better in the next period and this we estimate is reasonable, and actually this does have risks and all Investors admit it.
What you have described is simply trading, just that you tried to confuse me with your grammar. Unfortunately, trading is not the target of the topic. Trading can be a good practice for those who have the skill needed to succeed in it but it is definitely something that anyone including newbies should jump into rather they should consider the long time approach.
However, it seems that targeting the Investment time too much does not sound effective to do, considering that this is a volatile Bitcoin making speculation that can later be seen with the profits obtained with each change, maybe we say when it moves down it is better to hold or continue buying and but when the graph is to the increase number you can collaborate your choice to continue to survive or return a little profit first.
If your intention is to hold bitcoin for a long time, you will not really be bothered about the volatility, rather you will be paying attention to getting as much bitcoin as you can at reasonable prices depending on the type of accumulation method you chose. For instance, many investors took advantage of the dip that bitcoin just recovered from knowing that the price was fair a good for entry. These group of investors will not worry about the volatility because they know that when the bulls enter the market with full force, they will buying the market and we will see price leave that region with huge momentum.
You are absolutely correct but let me clear one thing, I know we are not talking about trading but I think trading can't be a good practice for those who have the skill needed because trading skill is not an inbuilt I mean it's something that can be developed or acquired due to fervent research and some technical analysis etc moreover, the skill we are talking about is very hard because it is not always sufficient( that is to say that no matter the level of skill, practice, analysis one will still incur loss). Bitcoin investment is not just about holding for long period of time what one is investing and holding really matters alot because that is what will determine your profit in future or years to come what I'm saying in essence is that whatever you invest, your profit will definitely look like it.