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?
I will still invest my money in bitcoin if the price down to $1 because I know that is my chance to buy as much as I can and hold for a long time. but I don't want to use a lot of money and maybe I only want to use for about $1,000 or less so I can use the other money for other things that I need. but I don't think that bitcoin will fall to $1 especially right now, many people know about bitcoin and cryptocurrency and they want to invest their money in any price of bitcoin and they don't want to miss the time to buy bitcoin.