I’ve been reading up on bitcoin and saw that Tim Draper estimates the price will hit 250k in 2022. I honestly could never afford a ton of bitcoin even now at 37k but I could afford three. It would be a lot of my savings, not all, but a majority. Is it worth it to spend almost 111 thousand dollars buying three bitcoin? Will it make me back a substantial amount more money? Please help!
You're in a bitcoin forum and expect that everyone of us would be saying a big YES. But before investing, you should know if you're really okay to invest that amount. Because to us, if that's our money, it's an easy thing to buy bitcoin and will just have to wait until the price target that we set hits.
It's not just about holding but also the patience that you shall apply as you hold because you might see it go down for a moment. But don't forget that it's temporary. Do you think that you're also ready to experience that moment before seeing bitcoin's price reaches to the top price that you have mentioned?