If you buy a bitcoin in the price of 9000$, yes it may drop, but we have clearly seen that this is what it does. It goes up and down. If you have 1 million dollars and buy 100BTC (900.000$) then the only thing you have to do is wait. Because someday it will pass that number and you will have profit. Am I wrong?
Yes, you are. There’s no such thing as a guaranteed thing when it comes to investments, and this is technically not even an investment for starters. It’s become one however like any currency, but much more volatile.
Most people are scared about any investment at all..mutual funds, bonds, stocks etc. Lack of financial education is the main reason people are afraid to invest. The majority of people would prefer keep their money at some big scammy bank like Chade making next to nothing because they feel it’s safe and it helps them sleep at night. Bitcoin is a new technology and very confusing to most people.