It is a norm that it is not everyone that will benefit from cryptocurrency, some will run at huge loss and likewise, some will make huge profit. This is why we must not invest on coins without any potential or coins that was just released into the market because no one knows if it is a pump and dump project. Stick to coins with big market cap that has being existing for a long time. Bitcoin is good to invest in, and the best way to benefit from the volatile nature is to invest in a long-term with the amount of money that you will not need for long. This will limit the risk attached to bitcoin volatile nature.
Apparently, losses are inevitable in the crypto market, people who benefits or gains, do so at the expense and losses of others, so people will continue to lose and so would people also continue to gain, so it's up to every investor to choose where you'd like to be, if you'd benefit from others' losses or let others benefit from your losses
I mean that's the game here, there are losers and gainers it's unfortunate, but it's how it's been designed or at least when Bitcoin become an asset and you also have to add volatility in the equation.
When it comes to crypto investments, the safest and most reliable so fàr remains Bitcoin, so every other token, old or new are unsafe and absolutely unreliable.
Yes, that's why many of us stick with Bitcoin although we know that there are a lot of altcoins that can give us more profit, x50-x100 if you are lucky. But it's very hard to identify what projects can give you that, so that is the risk there. It's the unknown, but if you are willing to take it, then so be it. However, with Bitcoin as you main investment, you can sleep well at not and not to think that the next day, the prices will go to 0 or nose dive very hard that you will lose a lot of money.