Even with the historical performance of bitcoin people are still wasting time to invest in bitcoin, people often give unnecessary excuses, for things they don’t fully understand.
To my understanding, I don't think many people are concerned about the risk factor of bitcoin, some are very aware that it has little to no risk compared to shitty coins but you'll still see them investing on shitty coins why? Lack of patience, It simply because they're more concerned about the time frame of holding, some can't wait to start profiing and taking their profits sooner than later.
To such people, they believe that shitty coins could give them quicker profits and won't mind whether it's more riskier than investing on Bitcoin but it mostly end with regrets cause shitty coins would always do shitty things and In return, drag them back to bitcoin investment and by then they would've missed out on several opportunities coupled with the time and money wasted on shitty coins.
All you have said is correct but I want to add that most new investors start with shitcoins reason being that shitcoins recruit people to shill their scheme on social media thereby attracting many people to buy their shitcoins at a promise of making exponential profits. This is how they get trapped by shitcoiners and they usually learn the hard way. I was a victim of that as I did not start with bitcoin but shitcoins that cost me money and pain. It was when I joined this forum I began to learn the right things to do and about bitcoin, the DCA method, the emergency fund concept and other great this that are helping me today. I just regard those mistakes a learning process and I try not to dwell in the regrets of the past but face the future with optimism because there is never a wrong time to start investing in bitcoin.
New investors that started their bitcoin career from this forum are indeed lucky because this place will equip them with the right information from the beginning thereby saving them time and money and enabling them meet their bitcoin accumulation goals earlier. The information available in this forum is all that is needed to achieve success in bitcoin investing, hence they should be taken seriously.