Post
Topic
Board Speculation
Re: Buy $20k when bitcoin falls to $1?
by
Kemarit
on 26/07/2018, 12:40:34 UTC
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?

Are you kidding me? Bitcoin will burst and falls to $1? First, your "strategy" is not really a strategy but only a dream. I don't think that bitcoin will fall as long as $1, because obviously there will be a lot of buyers when bitcoin hits $100-$1000 (for the sake of argument). You will have to wait for the day that will never come and your strategy what very flawed from the beginning. Why don't you just invest on bitcoin when its on a dip or the last bottom ($5,800) and then hold on it for the next 10 years?