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!
10.0.0.0.1 192.168.1.254 I guess it would be worth it investing theoretically since the market price will be higher for sure in the coming years and the 200k$ price is significantly higher than what the market price today is.
But the risk is still there so I cannot recommend investing a big amount of money especially if you cannot afford to lose it, the best thing to do is just invest your extra money not investing something like your saving or emergency funds.
Because you could just end up selling your bitcoin along the way if you urgently need money for an emergency so that just means selling it at a lower price in the market, I guess try other altcoins in the market if your target is profit since you could pretty much earn a lot higher if you invest in altcoins.