$500 for Bitcoin - 2030 - page 3. | Bitcointalksearch.org

ultrloa

legendary

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Quote from: 00.00WIB on March 22, 2022, 03:41:09 PM

As we know that the record high Bitcoin price of all time is around $68789.36 on November 10, 2021.
I interested in bitcoin not only because of its selling point but also because of its functionality which is known as being a large decentralized database of transactions.

I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

Before letting your $500 sleep on your wallet for much longer times maybe try to consider the things needed to put some attention since there are more investments exist at the moment which can make your $500 grow and provably that amount can multiply for more that years if you use it on right investment also with proper using it on right cause. But if you cannot risk that amount for now then maybe what you think might right since in the end you are the one who can decide on your money.

Wexnident

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I don't request loans~

DCA if you're having a hard time deciding on how to invest or if you can't invest fully to the market. It's a rather great option, especially if you're new and you don't want to miss out on the trend, granted that it probably has lower profits from day traders, at the very least, it has a higher chance of making you profit without making that much of a loss. Since you're looking at the long term, I don't think it'd matter much if you entered now or later imo. Just try to spread your portfolio later on in the game.

TravelMug

hero member

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Quote from: 00.00WIB on March 22, 2022, 03:41:09 PM

As we know that the record high Bitcoin price of all time is around $68789.36 on November 10, 2021.
I interested in bitcoin not only because of its selling point but also because of its functionality which is known as being a large decentralized database of transactions.

I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

What do you mean, buy with $500 worth of bitcoin and then hold on it till 2030?

It could be a good strategy, but let me tell you that you might get tempted if let's say the price hits a new all time high in 2024-2025 and seeing your money grow at that time.

Another is, if you are going to hold on it, better put it in a wallet wherein you have total control of it and back the seed and the private key and keep it safe till 2030.

endut15

full member

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Quote from: 00.00WIB on March 22, 2022, 03:41:09 PM

As we know that the record high Bitcoin price of all time is around $68789.36 on November 10, 2021.
I interested in bitcoin not only because of its selling point but also because of its functionality which is known as being a large decentralized database of transactions.

I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

when you have thoughts like this, from now on guard your wallet carefully, close all access to bitcoins and go back to your previous life.
because as far as understanding in making long-term investments without thinking about risk is to forget everything and return at the time you have set so as not to miss the train.

YOSHIE

legendary

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I don't think given the current state of the crypto market it's worth it or not to invest $500 in Bitcoin, however, if you ask me personally, Obviously I'm saying right now it's not a good thing to do, maybe the end of 2022, most likely worth considering.

I salute you for your interest in investing in Bitcoin, that's normal and quite good, but I think you should be a little patient and monitor the market situation at the end of this year, maybe we all don't want $500 capital in the next two or three months to be $300.

In general, invest in approximately 9 years from now, a very long time, if I suggest just target your investment it takes at least 3-4 years and buy Bitcoin when the price is really cheap and have a little more Bitcoin than the current price.

Reid

hero member

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Try this. Forget about the $500 worth of Bitcoin that you bought. Write it in something that you will go back and check it again at a designated date.
Now, that's HODL. You don't need graphs on that or even analysis, you just trust the process.
If you really think Bitcoin will soar that high then you don't need to worry about anything. I am trying to do that now and I just have the receiving address of the kept BTC because I want to add more on that vault for the future. There will be a time I may say to myself it is enough, and that's when I will stop.

Poker Player

legendary

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Quote from: 00.00WIB on March 22, 2022, 03:41:09 PM

I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

But I don't quite understand your picture. Well, what I do understand is that you predict that the price is going to go up, but you don't see what that $500 will supposedly turn into. It would be interesting if, as cryptoaddictchie asks, you clarify if you plan to do DCA or not. I do recommend you do DCA apart from the initial investment, and that is what I do. Just think if the price goes from $50K to $200 after all those years, you will only have $2K. If you add what you can weekly, even if it's $10, or monthly, little by little the ball will get bigger and you will end up accumulating a good capital in relation to your purchasing power and saving capacity.

Skinny48

member

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Do not buy in one go I think BTC will still go into bear season phase and it's possible to see this coin at 10k+ again so use dollar cost average to get your hands on more satoshis in any way.

cryptoaddictchie

legendary

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Quote from: 00.00WIB on March 22, 2022, 03:41:09 PM

I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

Bitcoin could be moving fast with the next 5 years, and who knows what will it be its value on that lifespan. Of course we can speculate it but be ready to the result cause its not always in our favor if we invest the money and suddenly a big drop happened.

That 500usd is big are you gonna dca it in particular time? Or one time bought only and wait for bitcoin pump after 5 years?

Mbah_Google

newbie

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bitcoin is the right choice for long term. but, before you plan to invest in cryptocurrency/bitcoin requires in-depth analysis, understanding the risks, patience, etc.
on the other hand of course anyone has every reason to believe that bitcoin will be able to reach some of your desired price targets. However, what if you currently need to use your savings funds (the $500 you put into crypto) for something important.

so, the point is Understand all the risks associated with investing, managing your finances, and always reconsider before you actually plan to put your money in crypto. This is not a joke so you have to be serious. We can't just say "hey put your savings in bitcoin" even how optimistic we are on the future of bitcoin.

Upgrade00

legendary

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The first rule of investing is risking why you can afford to lose. So you should check if $500 is an amount you can afford to lose, although, I would assume with the fact that you have a long term goal that it's an amount you do not need at this point (spare money).

Before you consider imvesting, you should do your research on how to invest;
• Safety is the most important aspect of investing, choose the right wallet software or hardware to use and remember to back up safely.
• You will also have to learn to browse safely and avoid scams

00.00WIB

jr. member

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As we know that the record high Bitcoin price of all time is around $68789.36 on November 10, 2021.
I interested in bitcoin not only because of its selling point but also because of its functionality which is known as being a large decentralized database of transactions.

I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

Topic: $500 for Bitcoin - 2030 - page 3. (Read 453 times)