Hello, I have been wanted to buy Bitcoin for some time now and I have been looking into Bitcoin.
I want to invest some of the money I’ve got from a real estate liquidation, about 50-100k $. I am not looking for a big profit, but want to secure the value. I definitely plan to hold the Bitcoin for a few years, at least 1-2. A sudden drop in the price of Bitcoin would not scare me.
I originally wanted to buy Bitcoin at a price when Bitcoin was at $60k, but I got my money later than I thought.
When I'm paying attention to the news I hear a lot. Many voices claim Bitcoin will moon and skyrocket to new all time highs in 2025, they talk about 200k or 300k $ per Bitcoin. Others are talking about a crash to 60k $ or even lower, from which Bitcoin will start to recover. The scheme from 2020 to 2022.
Of course I want to get a good entry price and that's why I'm asking you, people who have seen and experienced a lot when it comes to Bitcoin.
I will store the Bitcoin on a cold wallet, I have already thought about it.
How long will you continue to wait for bitcoin's price to dip? The more you wait, the higher the chances of you making use of some part of the money. Everything you hear and read online are all predictions, no one really knows the perfect time to buy bitcoins. I would have recommended DCA if the money was something you would be getting constantly, but since that is not the case, you can invest part of the money in bitcoin while still studying the market, then you buy more later. With 2 years, your goal of preserving the value of that money will be achieved and you would get returns from your investment. This is way better than locking it up in tradition banks.