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.
Reading through your post, it simply means you have not really decided to invest in Bitcoin, probably you are still scared and looking for assurance before investing. To make it easy for you, I will suggest the following steps for you:
- Check your financial inflows and outflows and see if the money you have can cover your basic needs and still leave you with some money.
- If the first point above holds, then set the money for basic needs aside, and start buyingg Bitcoin with 20% - 30% of what is left weekly or monthly. In other words, for every money that enter your hands, remove money for basic needs and invest certain percentage of the balance into Bitcoin. Do this for one year and see how peaceful investing in Bitcoin can be.
- Don't even think about selling this Bitcoin because the process of buying them does not put you under any financial pressures so even if the price rise so much or fall so much, you will be able to HODL