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.
Well by now you must have seen what procrastinating has done to you. Had your money come on time, you already had the chance of getting a good entry at $60k. But that's by the way. I want you to understand that you don't rush to invest in bitcoin because of the hype you are hearing on social media, or people around you. Before you invest in bitcoin you need to have this self conviction that bitcoin is the future of money. You have to believe in it on your own, only then can you hold your bitcoin for a long time. So don't on't rely on what others are just saying and make your investment decision. You have to do your own homework.
Also if your intention is to invest in bitcoin for a long term, the 1 to 2 years you are talking about is not long enough. You need to invest in it and hold up to at least one full circle. That being said you have to invest only money you know you won't bee needing for the next 4 years.This way you won't to be under any pressure even when the bitcoin crash finally comes. As for the price hype getting to $200k to $300k, nobody is certain about that it's just mare speculations. Same goes to the price dumping to $60k. That being said, buy your bitcoin once your money is available. Don't go all in at once, you can buy it in batches utilising the DCA strategy.