How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
Thinking the possibility of Bitcoin breaking its ATH every four year, your colleague's idea is superb IMO. 20% of his income to put into Bitcoin investment is a gigantic move to securing his future if the assumption of Bitcoin hits the mark every cycle.
For 16 years, that is about 4 cycles for Bitcoin not only he is saving money but also growing it. I have a strong belief that if your friend is able to walk the talk then after 16 years, he might have a comfortable post-retirement day
assuming that Bitcoin will continue to uptrend.How do you guys think about this idea of mine for my colleague? Can it really be helpful to him in the long run or it may just obstruct his original plan killing the whole idea? Please all opinions are entertained but whatever your opinion might be, also try to put the length of years involved into consideration.(16 years)
What if the 14th year happens to be the year where bitcoin experience its new ATH and the 16th year is experiencing a heavy bear losses to it's previous low. On the other hand, why don't him divide his portfolio into other outstanding Altcoins for a safe investment where he buys different coins on every pay day. Is it good to advise him that way for his own betterment?
He can always wait for the 17th, 18th, or whatever year when Bitcoin breaks another ATH.