All investments have their own individual risks. But the more risky an investment is, then the more you should be wiser and smarter in managing your investment. Best example is crypto investment where you have to be careful with your decision making because one wrong decision will put your investment at risk. But even in physical investment you have to be cautious as well because the more you’re not inclined to the kind of investment you are putting your money, the more you become prone to mistakes and losses in the end.
Crypto is high risk and that's true, high risk because of volatility. But this is what we like on it because if it moves a lot to the top, we expect that it's going to fall a lot as well. The higher risk is with the altcoins, the memecoins and other coins who have just been launched to the market. Some traders like to watch them for that because that's where they are good at, sniping some altcoins that are new to the market which should get a high liquidity because of being new.
People who don't understand crypto fully think that volatility is a disadvantage, but if they search well, they would see that volatility is infact the reason they are all trooping in to trade and invest in crypto. If fiat has this volatile feature like crypto (Bitcoin specifically), I believe they will rush to invest in fiat as well.
They only see volatility as a disadvantage when the price of bitcoin goes down. They obviously have alot to learn about Bitcoin.