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 think it is not good idea anymore to buy bitcoin worth of $20,000 at the price of $1 per coin because if will be looks like the end of Bitcoin and it will be more risky and a gamble that better you invest to other Altcoins or to none crypto currency investments but if you will insist then not $20k but maybe $5k will be much affordable to lose.