Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
Lol. You think there'll be any investors who would have interest if it goes down to 1$? Bitcoin is basically a dead coin if that happens plunging from 20k and that would mean that even whales sold out on their bitcoins. Your 20k would be better off feeding homeless people.