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?
A good strategy but it sounds like a joke, the movement of bitcoin is determined by many factors, so if you wait for bitcoin to fall at a price of $ 1, it's very unlikely.