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 Three bitcoins? That’s a really big amount. A lot of people are dying to even have one Bitcoin, and here you are, you can even afford to buy three, then you’re good to go. But you should have it in mind that if you’re investing in Bitcoin, the market doesn’t go up all the times. And you should have it in mind that it is possible that the market can take years before increasing again. All these influencers are always fond of making wild predictions whenever the market is like this.
I saw one of them that predicted we will reach a price of over three hundred and fifty thousand dollars ($350,000+) before the year runs out. This is the month of June, and the price doesn’t seem to be making any reasonable that shows we will reach there. So if you’re investing, just invest because you want to invest, and not because of what people are saying. But be ready to hold for years.