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 don't think that the whales will allow the price of bitcoin to go lower than $1k as they will lose the control in the market with many investors will take the opportunity to buy bitcoin. Although we are in crypto with lot of surprises who knows if that will gonna happen.
Yeah it is good idea but do you think that it will even happen? I dont think so. $1 means that bitcoin is crashed and people will never invest their money in such a currency which would fall to such level. It is not sensible. If the price doesnt fall to such level will you not invest in bitcoin? Your thoughts tell that you will not invest until a big dip in the price.