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.
Yeah, when I've talked to my friends telling them how volatile crypto is. They have that different face of dismay as their reaction. But I've tried to explained it to them that it's not a disadvantage but more of an advantage if they learn more of it. Well, fiat is different and there are investment products that's only allowed to invest there. But if we have stable coins, that's what is fiat for. You're right, if they know that something already trusting to them, they'll invest just as fiat but the whole situation is different from it.