Yes it is risky, but what is someone going to do now just invest in Bitcoin and get a 2x for the rest of this bull run?
Hardly life changing is it. Its ok if you have big money but not if you are a normal person with normal working life and salary.
You can get 10-20x easy in altcoins in the next 6-12 months, some will do 50x if your lucky.
Yes some will go to zero but as long as you are diverse then you will not lose all your money and more likely make a good amount overall.
Not that the price of bitcoin will not increase in the future, hopefully the price of bitcoin will be more than $1 million dollars in the future, but you need to hold for a long time. Now if you are an ordinary working person then you can invest in Bitcoin in DCA method according to your ability, which at some point in future the investment amount will be big and you can earn a lot of profit.
It's not guaranteed to get 10-20x profit from altcoins in 6-12 months, yes, if you're lucky you can get more profit because you have to take a lot of risk. However, I think it would be wrong to expect 50x profit.
Everyone's plan is unique, your plan will not match mine. I have invested in a few altcoins and will not hold the altcoins for long, will sell in the upcoming bullrun. I will sell when I see 2x profit.