Shitcoins are just like that, they make people greedy for money at the beginning and they can double or multiply the dollar in an instant. But those who invest in this greed later, their hundreds of dollars become zero in an instant, as evidenced by those who like shitcoins.
However, there is no record of anyone losing money in Bitcoin, only long-term investment has given them more success. Trump Coin has halved the capital of many people in an instant, so only Bitcoin investment is the best, but long-term investment is the only one that provides the most success.
Am talking about the bold letters in your statement, what about those that were forced to sell at a loss due to the fact they have no emergency funds in place when a serious financial needs arises?
Or those people that sold their Bitcoin bit by bit at a loss due to bad financial planing?
It is mostly long term holder and mostly people that are in no pressure to sell that always benefits from Bitcoin investment, once you are forced to sell your holdings, their is a very high likelihood that you might sell in a loss because the value of Bitcoin might be down as at then, so try to be sure of what you are saying before talking.
Leads to Greed which makes people loose a lot of money.
As for the bold statement that there is no record of anyone loosing money in Bitcoin, the Op is just delusional, maybe if you do your research well and think quite hard you'll understand that people have also lost a lot in Bitcoin, I won't go further as to telling you how they loose as the OP has already highlighted you on how people loose , but I would encourage you to choose your words carefully so you don't seem like you know nothing of which you say or do!
Altcoins? Using the word altcoin sometimes make it sound less cautionary
i'll prefer the word shitcoins as that truly explain what they are. I doubt that no one has ever lost money in Bitcoin. Well for long term investors, that statement is absolutely false, no long term trader can boldly attest to the fact that they've held their bitcoin for a period of 3 years and experience losses, we can only find those traits in shit projects. Some shitcoins go as far as crashing with investments made by people. The only persons who might have experienced loses in bitcoin investment are short term traders who think they buy dips and make profit when the price bounces back. Yeah they can actually make good short term profits for those entries but most of these person lack knowledge of what bitcoin is and trust me when they make those entries and experience the price going down probably for a small bear in form of a price correction, they'll hit the sell button and eventually run at loss. It's possible for such person to start spreading false knowledge about bitcoin. I've heard some person talking about volatility and they give a false impression that bitcoin is very volatility. That is indeed a big lie, considering the volatility of some shitcoins, bitcoin is in a good motion else it would have crashed a long time ago. I'm certain most persons get interested in shitcoins because they thought they'll also possess the same characteristics as bitcoin but NO! They can't and that is why we only have one bitcoin and no second best.