Hi there,
First, a little about me. I am a first-time investor to crypto. However, I have had a few stocks (Roth IRA stuff) and tech stocks and overall have made the average 8% return over about 8 years. I now have 150,000 to scrape together.
Principles: I have a high risk profile. I am patient up to 10 years. I could buy and hold. I do believe this 2021 is a once in a lifetime year. The gains next cycle will be much less in 4 years.
I do believe that earlier is always better. Did I say I have a high risk profile?
I have a few specific questions and I know it's just your opinions.
1. Starting today on April 10, 2021 if I invested 150k in bitcoin, how much do the gurus expect me to have in 1, 2, 5, and 10 years? Like would any idiot who just invested today and didn't sell expect a 5x increase within the next 10 years?
2. I would use dollar cost averaging, but over what time horizon? Invest 150k over the next six months? Or just invest it all today since we all know it's going up?
3. I could withdraw the old retirement fund and get the initial investment up to 300k. Would you go all in using that? I would not have much of a backup plan for retirement if this is the case, but like I said I have a high risk profile. I do believe this is once in a lifetime.
4. If I want to pursue some alt coins, and again, I have a high risk profile, what % mix would you recommend? 33% alt-coins and 66% bitcoin, or 50-50, etc?
Thank you!!
I think you have to persevere! Will see price forecasts:
Forecasts of BTC to USD for January 2025.
Initially, the price is $ 147,412. Maximum price $ 182,968, minimum price $ 147,412. Monthly average of $ 162,198. Bitcoin price forecast at month end $ 170,998, January up 16.0%.
Bitcoin price forecast for February 2025.
The initial price is $ 170,998. Maximum price is 20,076 USD, minimum price is 170,998 USD. Monthly average $ 183,232. Bitcoin price forecast at month-end $ 188,856, up from 10.4% for February.
BTC to USD forecasts for March 2025.
At the beginning, the price is $ 188,856. Maximum price $ 234,408, minimum price $ 188,856. Monthly average $ 207,798. Bitcoin price forecast at the end of the month $ 219,073, change for March 16.0%.
Bitcoin price forecast for April 2025.
At the beginning, the price is $ 219,073. Maximum price $ 271,914, minimum price $ 219,073. Monthly average of $ 241,046. Bitcoin price forecast at month end $ 254,125, up from 16.0% for April
Forecasts of BTC to USD for May 2025.
The initial price is $ 254,125. Maximum price $ 254,125, minimum price $ 214,990. Monthly average of $ 238,603. Bitcoin price forecast at the end of the month $ 231,172, change in May -9.0%.