Good point. Bitcoin is an arbitrary example of one flaw:

Herd mentality.

Many people avoid risks because they could look stupid.

They happily jump into bubbles and go all in when euphoria is highest.

Buying BTC for 42 dollars back in 2010 - everybody can afford that. But it would make people look like idiots amongst their peers. That's why most people don't do that.

Yet, they go all in when the bubble is at its peak. And get frustrated at a 90% drawdown- guess what: they sell.

What's the underlying message:

Unfollow the herd. Make small bets on new things that make you look stupid. Wait.

I agree many bets won't work out. But the few that do will return the total invested amount multiple times.

Just avoid going all in in euphoria - if you must to impress - take a small first step. I remember many people who thought wirecard was a sure thing in 2019 and went all in. Then came June 2020… lost all life savings.

Hope that makes the intention of the article clearer.