bad risk is volatility leading to 100% liquidation, losing your entire net worth, or the whole family jewels, the family farm due to a tail event.
the big lesson I learned at least with investing in bitcoin is, maybe the best way to plant things is, ask yourself “can I survive a 90% drawdown”?
also a big thing I learned about money… The fear of losing everything is like 100 trillion times worse than even making a large gain?