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?
Yes, it is very good but if you wait for bitcoin to fall $ 1 it will not happen. And I think when bitcoin falls in the $ 1 price it means the bitcoin will disappear and be replaced by another coin.