I personally have not experienced the big risks and losses from Bitcoin. I think Bitcoin does not pose a risk if you invest in real Bitcoin, not other coins, and buy in the right place, such as an existing exchange.
The loss in Bitcoin is if we really cut our Bitcoin loss when the price is dropping. While I have never done it, especially since it is Bitcoin, a crypto asset that will definitely have an increase in value and price from time to time. So, instead of cutting losses, it would be better to hold the BTC as long as we can and until we are in the bullrun era, where we have probably made enough profits to take profits.
This is what makes us more confident in Bitcoin. This might be different when what we hold are altcoins, especially shit coins. This is often a problem, because many shit coins only run on hype and after the hype is gone, they have no value again and will immediately disappear from the market. and this is where there are many losses because of these coins.