Years back when I started hearing about bitcoin, I used to think that it was very easy and a shortcut to success. This perception was informed by the way people projected bitcoin, that if you want to get rich quick, you should just go into bitcoin. Today I know better that the perception is wrong, because people can actually loose their hard earned money in bitcoin, leaving them worse off than when they started it. The volatile nature of bitcoin makes it to be quite unpredictable, people who want to trade bitcoin must diligently study about it, know the technicalities and terminologies of it, before venturing into it. Even at that you can not accurately predict the outcome whether the price will pump or dump.
Many people came to crypto-market in order to get rich quick and some of them left the market when they faced a few losses while the majority learned from their experiences and they studied Bitcoin deeply. Bitcoin isn't an asset to make your rich over night not even in years because those days are long gone when someone could become rich by investing in Bitcoin. Now if someone really wants to have better future with the help of Bitcoin investment then that person should learn about market dips or apply the DCA strategy in order to accumulate Bitcoin for a long time. The investors who are long-term thinkers and they can hold their Bitcoin investment for decades can still earn good profits from this amazing asset.
Unlike fiat which the amount in your bank account remains what it is, bitcoin in your wallet will constantly fluctuate, meaning that there is chances that you can gain or lose your bitcoin. This confirms that the chances of getting rich can also make you poor. Although the probability of earning in bitcoin, is more than loosing in it , if the person understood how to speculate the factors that determines the supply and demand of it, also to be disciplined.
Well, Bitcoin is actually more volatile than fiat but I must tell you that fiat in your bank account is also volatile because it is vulnerable to inflation and its value will also reduce if you keep it for long term in a bank account. Bitcoin on the other hand can give you good profits if you are someone who can hold it for long periods. I would recommend you to learn more about Bitcoin and then compare it to fiat and after that I'm sure that you will understand that fiat also get devalue over time and the things that you can purchase now with fiat you may not be able to purchase after 5 years due to devaluation. Bitcoin may become high in value after some years and even in 2024-2025 it's expected that Bitcoin may cross $100k value while the fiat may loose some value in those two years.