Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
I will never invest in bitcoin if its price down to as low as $1. I will out my money I Altcoin. There are many good coins in the market that grows day by day. I can earn lot of money from Altcoin investment. No need to waste my time and money in bitcoin. Drop to $1 means that it is crashed, but question is this why bitcoin would fall to just $1?