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?
Do not bother to even think about it, that is never going to happen, the price is never going to fall to one dollar for each bitcoin, you are just hoping for something impossible if you want to try that strategy you have no option but to invest in icos, many people complain about how it is unfair that the early adopters got those profits but they invested not knowing if they could lose all their money and if you want to make profits like that then you need to take the same risks as they did with new coins.