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?
Why don't you consider buying BTC at 19600 at the end of 2018 and the current price of BTC in June 2020 - that is, about 2 years later, it's just about $ 9000 - you have lost 50% of your assets after 2 years? The price of BTC fluctuates every minute and it is influenced by many factors. Since prices are determined by the market, investing is a risky business, including investing in Bitcoin. Therefore, be careful with your decisions
thats the risk involved in a very volatile industry. so before you invest you should prepare yourself for any losses that you will encounter in this type of investment. also before anything else, you should educate yourself about cryptocurrencies and the risks involved. investing blindly will totally make your life a mess. and blame bitcoin or crypto for nothing.
so yeah, many people are still afraid on investing btc because of ignorance about it. without the right knowledge, you cant jump on this volatile market.