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?
Ofc you are wrong lol
You may lose it all. There are no guarantees. Although I believe that bitcoin price and adoption have a upward movement in there future, that's not the only possible outcome.
"all you have to do is wait" makes no sense. Investing in bitcoin is a smart bet, but it is a bet. There are no guarantees.
I don't think Bitcoin should be seen as an investment, but I am even further from believing that it's best application is trading (and yet this is what the majority seems to be doing). If we're talking about hodling, there are indeed no guarantees it will get one anywhere. However, I'd say there are high and low probabilities of what will happen. There's a low probability of getting 10x return within a year, but it's about as unlikely that one will lose 90% of the investment in a year. There's a high probability that the value will be more or less the same after a year, and quite a good chance of it doubling over, say, 5 years. So if people are investing in gold, Bitcoin is probably a more risky bet. But if we're talking about stock versus BTC, I think Bitcoin is worth considering, and the risk is not that high (in case things look too bad, there's always an option of selling and buying later).