The year is almost in it last quarter with few months to go but for bitcoin, investing now is not too late.
There are lots of suggestions pointing to the possibility of bitcoin getting to $250k by the end of the year, how realistic is that speculation?
If bitcoin can get to $250k by December, then buying now in view of getting returns by the end of the year isn't a bad investment plan. Is such a plan a good one or a red flag?
Well atleast investing in Bitcoin is better than those get rich quick investment plans, if you are investing into Bitcoin your money is safe but the question is when you plan to get your money out because silly price predictions like 250k per Bitcoin might not happen this year at all, while investing it's better to have a long term investment plan in mind.
It's even possible that Bitcoin will not see 150k per one Bitcoin this year, that 200 to 250k price might be something that's coming in the next four years to this time, you need to be prepared physically and mentally. Long term plan is the best, don't rely on price prediction that people are saying, in 2021 many predicted that we will see 100k per Bitcoin, when Bitcoin get to 69k it turned around and a new bear market came.