Topic: Is buying three bitcoin worth it? - page 5. (Read 773 times)
Don't invest what you can't afford to lose, if you don't have a lot of disposable income to invest in then probably it's not your call to buy 3 bitcoin because you never know what's going to happen in the future plus you said that you will be plucking from your savings which is crazy for me. Also, remember that bitcoin is volatile and those people saying big numbers are just predicting stuffs.
When Bitcoin goes to $250,000 the OP will be looking back at this thread and regretting they
didnt put ALL the savings into Bitcoin.
If we use Michael Saylor's Microstrategy as an example, they own 91,000 Bitcoin, he is not worried
about a possible loss, he doesnt see one.
As @mk4 states, make sure you know what you are getting into, be aware that if you buy now
the price of Bitcoin can go down, the key is to "not panic" and sell at a loss, this is a long term game.
didnt put ALL the savings into Bitcoin.
If we use Michael Saylor's Microstrategy as an example, they own 91,000 Bitcoin, he is not worried
about a possible loss, he doesnt see one.
As @mk4 states, make sure you know what you are getting into, be aware that if you buy now
the price of Bitcoin can go down, the key is to "not panic" and sell at a loss, this is a long term game.
If you need to ask us if bitcoin is worth buying or not, then you probably don't know what bitcoin is in the first place.
Rule 1 of investing: Don't invest in anything you do not understand.
Educate yourself:
Rule 1 of investing: Don't invest in anything you do not understand.
Educate yourself:
If your goal is to buy bitcoin at current price then hold to make profit when you dump it at a future price (eg. the guesstimate at $250k) then the answer is no it is not worth it. Bitcoin is not created to be bought and held for profit making.
Bitcoin is made to give you financial sovereignty, if you can covert your centralized inflation riddled fiat to the decentralized censorship resistant currency with a capped supply that is worth a lot. It is worth a lot more when you can do it at a discount when price is lower than intrinsic value.
Bitcoin is made to give you financial sovereignty, if you can covert your centralized inflation riddled fiat to the decentralized censorship resistant currency with a capped supply that is worth a lot. It is worth a lot more when you can do it at a discount when price is lower than intrinsic value.
I’ve been reading up on bitcoin and saw that Tim Draper estimates the price will hit 250k in 2022. I honestly could never afford a ton of bitcoin even now at 37k but I could afford three. It would be a lot of my savings, not all, but a majority. Is it worth it to spend almost 111 thousand dollars buying three bitcoin? Will it make me back a substantial amount more money? Please help!10.0.0.0.1 192.168.1.254
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