Topic: Is buying three bitcoin worth it? (Read 773 times)
If you have money to buy bitcoin, I don’t think that you should give it a second thought. What happened to bitcoin recently was merely the market taking a turn. I believe in it and I am sure that there are many who do so too.
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.
about a possible loss, he doesnt see one.
They own now 105,000 Bitcoin if I am not wrong, as Michael announced a few hours ago that they have purchased more or less $500M.
Catching knives is not usually recommended in trading, I am curious about how this strategy will unfold in the future.
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
in 2019 bitcoin only reached $ 10,000 in my opinion the price of bitcoin is big but in 2020 bitcoin rose to $ 20,000 and in 2021 $ 40,000 and once reached $ 80,000 although now the price has dropped drastically but this makes me believe bitcoin investment is very good for the long term
If only I have 90,000 dollars in wealth I might use it not for long term investment but I will use it for high risk but short term day trading. If you know how to read candlesticks, if you know how to read the charts, how to do technical analysis, and all other basic skills in trading then you should be able to get a decent profit in a few months. Waiting for $250,000 price of Bitcoin would take decades. Unless you really want decades to wait. So my take is just be careful in your decision as we are talking about a big amount of money here.
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
Three bitcoins? That’s a really big amount. A lot of people are dying to even have one Bitcoin, and here you are, you can even afford to buy three, then you’re good to go. But you should have it in mind that if you’re investing in Bitcoin, the market doesn’t go up all the times. And you should have it in mind that it is possible that the market can take years before increasing again. All these influencers are always fond of making wild predictions whenever the market is like this.I saw one of them that predicted we will reach a price of over three hundred and fifty thousand dollars ($350,000+) before the year runs out. This is the month of June, and the price doesn’t seem to be making any reasonable that shows we will reach there. So if you’re investing, just invest because you want to invest, and not because of what people are saying. But be ready to hold for years.
How many amount of bitcoin, worth or not it is all depends on how much money you have. If want to buy 3 but that is all your money, it is not worth for the risk. Because price of bitcoin still unpredictable can be down or up. Basic thing in investment that we must know, to use only free money or money that not be used for daily needs or maybe urgent situation.
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
Do not buy 3 Bitcoin with the majority of your savings, Bitcoin investment is the best investment that may make you rich, but this investment is full of risks, you have to invest with money that you can lose and you do not need it. I see that you need to learn more and understand the crypto market well, and then you can buy with a few thousand dollars, not 111 thousand dollars, this is a very huge amount. 
Buying 3 bitcoin is really worth it especially today that the market was really broken and dump, I can really say that it is really worth it to buy. But the thing is that we can just wait also if the bitcoin will continue to dump on the biggest dump ever so that we buying 3 bitcoin or even a 1 bitcoin will become really essential. For those who are planning to buy bitcoin then it is the perfect time for you guys to do it.
You should still be financially secured after investing that amount of money. 3BTC is huge money to risk.
It would be good as long as it doesn't give you uncertainty and anxiety that could be detrimental to your financial decisions.
Money can be psychologically manipulative. The best choice is to look for a financial advisor; 100k is no joke.
It would be good as long as it doesn't give you uncertainty and anxiety that could be detrimental to your financial decisions.
Money can be psychologically manipulative. The best choice is to look for a financial advisor; 100k is no joke.
Before saying it's going to be worth, try asking yourself if it's something that you could afford losing. If you don't know about risk management, then I suggest that do not go all-in on investing 3 BTC. You can't predict the market, especially that we are now in a bear season. For now it's like you buy the dip, but sell when it goes "dipper". However, if you don't care about the price movement and thinking about long-term, then it's your choice and go ahead. After all, it's your money, and you are 100% responsible on whatever the result of your 3 BTC is.
If you can hold it for long term then it will be worth to buy such amount of bitcoin.. As the matter of fact i saw some successful hodler and they realy made huge profits because of bitcoin, so for sure you can do that also but remember to always keep updated so that you don't miss the opportunity to buy or to sell in the right time if you already achieved your targer number.. Because it's a difficult way to let it grow because there's a bullish and the same time you can't decide when to sell.. Always mark a target and keep updated to some news so that you can easily dump when needed.
Yes it is worth it you just need to wait for it to go up again to gain profit or you could wait for the price to drop lower than it is right now before entering to have higher profit in the future.
I believe that we would see it fly again in the future maybe wait for couple of years again for it to happen.
I believe that we would see it fly again in the future maybe wait for couple of years again for it to happen.
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
If you think that the price will drop 250k in 2022 then that is not worth buying. If this is the time you will buy bitcoin then don't buy it. I think it is better to earn it in some ways now than to buy, but if you are a short time holder then maybe you can still earn with it, just always look at the price and then if you think you already gain profit then encash it then try to not encash all of it. Try to maintain what is your investment and just withdraw what you have earned.
It will take longer to get to 250k than you think.
If the crypto is what you want to invest in, I would suggest investing Ether. But that's just me. Other might think otherwise.
If the crypto is what you want to invest in, I would suggest investing Ether. But that's just me. Other might think otherwise.
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
You're lucky that you can afford to buy three btc unlike us that even one btc is really difficult to accumulate. But before making decision be sure that you know about bitcoin or about something that you want to invest because investing is risky and need knowledge.
The rule of buying bitcoin that was there back then when price was trading below 10 thousand was to get not less than 21 bitcoins. But since price has soared in these few years 3bitcoins is okay but if you can get more then that would be a good idea, just don't invest so much emotion into this has price could go the other way which could be depressing for some hodlers.
you invest over a hundred thousand dollar but after 6 months you can double it . what do you think of that ? well for me i think that was super legit . you waited
not too short and not too long and the profit that you get is not too low and not too high .
others are promising that you can earn high return in just a short amount of time . that was obviously a scam and there are legit investment but it take a long year to earn tiny profits
not too short and not too long and the profit that you get is not too low and not too high .
others are promising that you can earn high return in just a short amount of time . that was obviously a scam and there are legit investment but it take a long year to earn tiny profits
There is something that you must take into account, first that BTC is volatile, that at any moment it can fall a lot or it can also rise a lot, it is not known because it is difficult to predict a price, in fact there is a theory with a technical and fundamental basis, which did PlanB, is the S2F model that, is a model that has the perfect explanation of the movement of BTC, it is very accepted by most of the people, in fact, it is not an indicator like those found in tradingview this model has expiration, and it is best of all is that this year or possibly next year, BTC is expected to reach $100k and its next goal is $288k, nothing else with that I think if it is worth investing even in 1BTC and wait as long as necessary .
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
Invest what you could afford to lose don't put everything on it even if most of us believe that it is a good one there is still a risk or a chance that it could go wrong.So be careful on your investment but it is worth it the only thing you should consider is the risk and proper management of your funds.
Three bitcoin is a huge amount of money already. If I were to recieve such huge amount of bitcoin, I wouldn't waste it anymore on something that would make me consume it without gaining anything back. But for me, it is not ideal anymore to buy at such value. I think it is just a waste if you will buy three bitcoin with this high value, but if you were able to make it in time where the value is still low, then you should buy as much as you can and for certain, it will be worth it and everything will pay back for you sooner or later.
If you plan to buy three bitcoin with the current price, it's definitely a big amount of money, yet you are still not sure when are you going to make huge returns. Try to wait for another dump where bitcoin price will be more cheaper and then grab the opportunity to buy bitcoin as much as you can.Your idea is not really wrong but since crypto investment is full of uncertainties, just invest on the amount you can afford to lose. You are risking your savinga here so make sure to spend it more wisely.
If you basically knowledgeable and have further understanding about Bitcoin itself, then you can easily have an answer into that inquiry of yours because having such can already make you understand how valuable Bitcoin is that is making many people wanting to acquire or possess even a small part of it or achieve a goal of having at least one whole piece of it for their own sake. Buying three Bitcoin will be worthy and that's for sure. Just be sure to have a good entrance for you be able to be gaining profit in the long run for there are still possibilities that it get dump after your purchase but knowing Bitcoin, it do always regain from loss and get back into possession
Three bitcoin is a huge amount of money already. If I were to recieve such huge amount of bitcoin, I wouldn't waste it anymore on something that would make me consume it without gaining anything back. But for me, it is not ideal anymore to buy at such value. I think it is just a waste if you will buy three bitcoin with this high value, but if you were able to make it in time where the value is still low, then you should buy as much as you can and for certain, it will be worth it and everything will pay back for you sooner or later.
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
Investing in bitcoin is always profitable you just have to wait for the right time, buy when bitcoin dump and reached their lowest price now bitcoin is almost at their lowest price so buy bitcoin as many as you can afford to loose. Bitcoin will make new records in 2022, the predicted price for the end of 2022 is 350k according to some analysts. By the end of 2021 bitcoin will cross 100k$.
Seriously you buying just three bitcoin really worth it. Just think about it what if you have bought 3 bitcoin 10 years or 5 years ago with your life savings do you know you will have been very rich and you will know it really worth buying. Currently bitcoin price is still very low and I believe if you can buy 3 and hold I believe in the nearest future you will have make serious profit already. You buying 3 bitcoin really worth it and if you don't buy now I believe in the future you will definitely regret why you did not buy it now.
Why don't you just settle for 1 btc if you are not sure the risk is worth it, asking here for opinion is not the right thing imo because you will probably get no direct answer,
Right now many people treat btc as an asset than a means of transaction, since you fall in this category and want to make profit out of your investment and at the same time cautions of the risk involve, I suggest you reduce the amount from 3 to 1, if btc ever get to that target price you won't miss out completely and also manage your risk. But if your are ready to take risk then go for it.
Right now many people treat btc as an asset than a means of transaction, since you fall in this category and want to make profit out of your investment and at the same time cautions of the risk involve, I suggest you reduce the amount from 3 to 1, if btc ever get to that target price you won't miss out completely and also manage your risk. But if your are ready to take risk then go for it.
Don't take the risk if you're not willing to face the consequences in the future. You should know that crypto is too volatile and the price is unpredictable so you couldn't count the exact profit that you might gain in the future because no one knows its future price. Just invest what you could afford to lose after knowing everything about Bitcoin. You better be sure about your decisions so you wouldn't have regrets in the future.
No, you should not spend all your money on Bitcoin. I would strongly consider you read my write up here before making any decisions (I’m a financial advisor) - https://bitcointalksearch.org/topic/m.55577767
Yes, this time is the good time to buy more bitcoin, 3 bitcoin is already huge enough of money, you will gain so much money if the prediction of 250k in 2022 will happen, even though it wont happen just keep hodling, always look for the long term to have more income, the year 2024 will be the best year I think as it is the halving again which will make bitcoin to the moon again.
You are right with the price being corrected very deeply, is an opportunity to buy and hold it. actually if you want to buy bitcoin at any time it's the same as long as it's not after reaching ATH. because the price of bitcoin is clear when the halving period that occurs once every 4 years can certainly increase from when you buy, because renewable ATH will be formed.I don't and haven't thought about prices in 2022 like you said, what we are waiting for is a halving effect which this year should occur at the end of 2021 which will obviously make renewable ATH prices which are also fantastic. let bitcoin is currently stable and waiting for the momentum to be able to rise gradually towards the previous ATH.
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
^ It seems like you are posted here the IP addresses right? It seems familiar with this.By the way, let us processed your question. Investment in BTC is not predictable if you will earn that amount in just certain days, it could be months or years as long as you will see that your profit was there and you are fine cutting your profit on that time and quick sell, but again, there is no time frame for that. You should learn how to wait for a perfect time of selling so that you will earn at your target amount.
This is hard to give an investment advice because no one can precisely predict the market few years from now.
Of course, there will be a lot of suggestions but at the end of the day, it is you who can finally decide on what to do with your money.
But if I have that money, I will invest first in real-estate as I know, even if the market is down, I know I have that property.
Whereas, if you will put that all in crypto, you have no assurance that you can get the profits let alone get it back.
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.
I find it very difficult to believe that people keep to this belief in reality because a lot of us are in Bitcoin for the gains (no matter how hard we deny it). If you doubt this, just check the traffic here whenever there's a bear run. You would've observed how near empty and dry this place becomes. Even though created as a payment option, Bitcoin has easily become a tradable asset for profiteering.Rule 1 of investing: Don't invest in anything you do not understand.
This is highly valid and apt! May I also add for OP to read: Don't invest what you can't afford to lose. 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
^ It seems like you are posted here the IP addresses right? It seems familiar with this.By the way, let us processed your question. Investment in BTC is not predictable if you will earn that amount in just certain days, it could be months or years as long as you will see that your profit was there and you are fine cutting your profit on that time and quick sell, but again, there is no time frame for that. You should learn how to wait for a perfect time of selling so that you will earn at your target amount.
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
The market is unpredictable, nobody here can guarantee bitcoin will hit 250,000$ in 2022. There are all the kinds of predictions around and we only know which of them is right when the time comes. If you want to invest in bitcoin you need to take the risks by yourself. The only thing we know is that there is a very good chance bitcoin will skyrocket to higher price levels on long run.However, we don't know exactly how long this long run takes: it can be a year, few years, a decade... So a bitcoin investor must be prepared to hold his coins for a long period of time, if necessary. Since you are going to put a majority part of your savings into btc, I think it's not a good idea, because you might need this money before bitcoin achieves the mark you are looking for.
Start investing in bitcoin, of course nobody should waste the chance, just don't start investing so high like that. Good luck!
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
I guess it would be worth it investing theoretically since the market price will be higher for sure in the coming years and the 200k$ price is significantly higher than what the market price today is.
But the risk is still there so I cannot recommend investing a big amount of money especially if you cannot afford to lose it, the best thing to do is just invest your extra money not investing something like your saving or emergency funds.
Because you could just end up selling your bitcoin along the way if you urgently need money for an emergency so that just means selling it at a lower price in the market, I guess try other altcoins in the market if your target is profit since you could pretty much earn a lot higher if you invest in altcoins.
I will advise, you invest the amount you can lose. Because, Bitcoin is an unsable coin, the price rises and falls. It also involve risk. Although, investing in Bitcoin is a nice idea, but don't put all your money in it.
Always been the golden rule in crypto;"Invest on the amount that you can afford to lose"
Dont go all in and dont expect that you would really be making guaranteed profits because market is always unpredictable.
If you do seem that 3 bitcoin worth it then go ahead as long it wont be hurting your finances then it should be fine but if
this one is came from your life savings then better not proceed because you would just be putting yourself into trouble.
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
I will advise, you invest the amount you can afford to lose because, Bitcoin is an unstable coin and fluctuate unexpectedly, the price rises and falls in a way you may not think about, Investments also involves risk so you have to manage your risk wisely. Although, investing in Bitcoin is a nice idea, but don't put all your money in it. ~
This. I guess many of these "people" just tend to based their speculation from the past news or patterns, but surely they should have known before speculating that price of Bitcoin is unstable in the first place anyway.ikr.
Learn about Bitcoin and crypto first. What are they? How they work? Uses? Start with the basic things and then move your level up. If you are thinking of holding on to Bitcoin for a long time then I would suggest invest in parts. Don't invest everything at once, you might get lucky.
And don't invest what you're not afford to lose.
And don't invest what you're not afford to lose.
TBH, it’s best to accumulate part by part as there is a possibility of small bear market because of the upcoming death cross. Like others said, only invest those funds which we can afford to lose. But it's worth of buying bitcoin at any price if anyone is a diamond hand hodler. 
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
Read the basics and i would like to say that dont easily believe with those kind of price calls because 250k isnt something that can be achieved in a years time so be aware and dont get shilled and been hyped whatever those popular or known people been saying.We are all speculators on here and also dont expect or anticipate that much that you would be making profits guaranteed after a year of investing because no one knows on what will happen in next years to come neither we do progress or we would be having some crypto winter just like what happened on that very long bearish market happened in the past. 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? Please help!10.0.0.0.1 192.168.1.254
ZhakirSetie, we are living through a Global race to collect as many BTC as possible. Before too long, wealthy people will go crazy trying to buy even 0.25 Bitcoin.
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Will it make me back a substantial amount more money?
You can invest wisely, or start a crypto business with your healthy amount of Capital, and/or HODL on and on.your plan to invest in bitcoin will start with 3 BTC, if you are visionary, the price of more than 30k$ is a reasonable price for you to invest and hold it for a few years, you will That's a decent profit.
with a few years I think it's worth it because if you look at the price that is still flat it is very suitable to buy bitcoin at this time and hold it for several years is quite good, don't forget to add your assets during this bearish period because this is very good and I'm sure this is very beneficial for all 
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
Tim Diaper market prediction is just an ordinary speculation which may not happen in the year 2022 cause if Bitcoin market repeat the previous market correction that happen after ATH market, there will be market correction in the year 2022. However, that doesn't mean you can't invest now and make substantial amount more money in the future if you are planning to hold the Bitcoin till the next halving effect market which will happen in the year 2024. 
Will it make me back a substantial amount more money?
When you buy Bitcoin you already have the best form of money. Few ...
If talking about worthy or not, of course it is worthy. But, are you sure that it will be 250k in 2022? Can it guarantee? I suggest you not to believe that kind of prediction. Prediction is a prediction and no one can make it sure. If you want to hold it for long-term investment until the price rise to 250k whenever it will be (probably 5 years later), can you? But if you want to sell it next year, I am not sure it will be rising, but down. Please consider also the risks before investing.
considering the bearish is still happening it is very unlikely to reach the price of $ 250k, there is still a lot of negative news about bitcoin and I think it will be difficult. but we don't know what will happen after this it can rise so fast and it can also stagnate, only time can tell this all stay calm and don't panic everything will be beautiful here.and it is true that we need to think carefully about this investment, not only to be tempted by the profits but also to think about the consequences of the losses.
I guess if it's not your emergency money and you have a strong trust that bitcoin price will go up in the future, go for it. But make sure that you will do just fine even after you spend majority of your savings, don't regret it later. 3 bitcoin will be a huge fortune in the future if the price really reach 250k like estimation, but remember that it's just an estimation, not sure whether it will really happen or not. Though i believe that bitcoin price will really go up so i think you should go for it before it's too late. But don't regret it later if something bad happen, and don't blame others too, after all bitcoin is so volatile and bubbly, no one knows what will happen.
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!
The question simply boils down to: does Bitcoin preserve or increase your wealth in contrast to other investment alternatives . If the answer is yes, you should buy as many Bitcoin as you can. No matter whether it is 3 or all of those in circulation.
If the answer is no, I wouldn't buy Bitcoin.
So what does Bitcoin do now? Well, I am not sure anyone here could give you a guarantee on their answer to the question. Always complicated to ask others for financial advice and actually rely on it. It makes the pain feel worse in case that person was wrong.
If talking about worthy or not, of course it is worthy. But, are you sure that it will be 250k in 2022? Can it guarantee? I suggest you not to believe that kind of prediction. Prediction is a prediction and no one can make it sure. If you want to hold it for long-term investment until the price rise to 250k whenever it will be (probably 5 years later), can you? But if you want to sell it next year, I am not sure it will be rising, but down. Please consider also the risks before investing.
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!
You cannot listen to some random advisors and expect that the market would follow what they are predicting. If you are planning to invest right now there are two possible scenarios, if the market goes down all you have to do is to wait for a much longer period of time to book your profit and you should never sell your coins at a loss. We might reach these $250k but we cannot set a timeline when those valuation will be touched. You are talking about a really serious amount of investment. And it looks like you don't have so much idea about Bitcoin. Then, I would recommend you to do a comprehensive research about Bitcoin before making a this big investment. You should really be careful when you invest an incredible amount of money. To be honest, I wouldn't recommend you to invest nearly all of your savings into any cryptocurrency. It's too dangerous for your future.
Buying three bitcoin with the current price is such a big amount and you would not sacrifice your savings in an investment you don't even know well. I suggest make an extensive research on bitcoin first, how its investment works and what are risks of investing in bitcoin before you decide to release a big amount.For me, it's never a wrong idea to invest in bitcoin because that would give you huge returns in the future but the fact that you will get your capital from your hard earned money would mean very risky. Bitcoin is highly volatile and will definitely pump and dump its price in the next days. You can invest in it but start with just a fraction of it and when you make profits already, use your profit to buy another fraction of it. Invest only what you can afford to lose and diversify your investment as much as you can.
You are talking about a really serious amount of investment. And it looks like you don't have so much idea about Bitcoin. Then, I would recommend you to do a comprehensive research about Bitcoin before making a this big investment. You should really be careful when you invest an incredible amount of money. To be honest, I wouldn't recommend you to invest nearly all of your savings into any cryptocurrency. It's too dangerous for your future.
No one can guarantee the price can hit a certain price, however, at least it is about a prediction.
And remember, only invest what you can afford to lose. Because sometimes, investment is not only about giving you profits, but sometimes, you may lose your money. Once you get into an investment, ensure that you really have been ready with every risk that you may get.
Moreover, we really don't know when the price of Bitcoin will really hit $250k next year or not, or probably it needs about 5 years later. So, are you really ready to wait for the next 5 years to hold your Bitcoin for your long-term investment?
Sometimes, we must be aware that many people can share the HYPE and also FUD, but for us, we must be careful in taking any decision. Even we have decided something, we must also be ready for the risks, not only thinking about the profits that we can gain. Because none can guarantee the price rise up that high next year.
And remember, only invest what you can afford to lose. Because sometimes, investment is not only about giving you profits, but sometimes, you may lose your money. Once you get into an investment, ensure that you really have been ready with every risk that you may get.
Moreover, we really don't know when the price of Bitcoin will really hit $250k next year or not, or probably it needs about 5 years later. So, are you really ready to wait for the next 5 years to hold your Bitcoin for your long-term investment?
Sometimes, we must be aware that many people can share the HYPE and also FUD, but for us, we must be careful in taking any decision. Even we have decided something, we must also be ready for the risks, not only thinking about the profits that we can gain. Because none can guarantee the price rise up that high next year.
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!
You're in a bitcoin forum and expect that everyone of us would be saying a big YES. But before investing, you should know if you're really okay to invest that amount. Because to us, if that's our money, it's an easy thing to buy bitcoin and will just have to wait until the price target that we set hits.It's not just about holding but also the patience that you shall apply as you hold because you might see it go down for a moment. But don't forget that it's temporary. Do you think that you're also ready to experience that moment before seeing bitcoin's price reaches to the top price that you have mentioned?
Bitcoin is a good buy regardless of how much you can afford to buy. So long as you are putting in money that you can afford to live without, the worse case scenario is that prices might come down from when you purchased, but in time, bitcoin is a pretty certain bet.
worth it or not it all depends on the perspective of your own thinking because basically someone's benchmark is different and if you can only buy 3 at this time, why not. because if you see from you talking in this thread you have long term intentions and that's very good and buying 3 bitcoins right now would be great. the most important thing is that the money you use is money that is not used for anything because it is long term.
BTC worth always . But the thing is the time that you are going to enter the market. BTC already bull in this year. So it is better to wait for some price correction. But anyone can't tell exactly the market condition of the BTC.so try to invest at the correct time.
All answers will be answered with maybe yes and maybe no, actually invest well and will get the desired profit will definitely happen if you don't have the desired expectation.
everything can happen as and not as expected, if you invest for the long term you will definitely get the profit you want without you having to target it because no one knows what will happen in the future.
do an analysis of current and future growth and development whether it is possible or not if you believe there is nothing wrong to do.
i see increasing growth in adoption and some countries legalizing bitcoin and also some good news will affect bitcoin increase and but don't know when, and you should also consider the bad news that happened and all back to your belief in bitcoin.
everything can happen as and not as expected, if you invest for the long term you will definitely get the profit you want without you having to target it because no one knows what will happen in the future.
do an analysis of current and future growth and development whether it is possible or not if you believe there is nothing wrong to do.
i see increasing growth in adoption and some countries legalizing bitcoin and also some good news will affect bitcoin increase and but don't know when, and you should also consider the bad news that happened and all back to your belief in bitcoin.
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!
Honestly speaking, I don't get it when I see this kind of post about if they should invest in such and such cryptocurrency, this means you don't have an idea what you are getting into and quite frankly, if you don't already know, I'd suggest you shouldn't invest that much in Bitcoin because you would seem like someone that would panic sell if the price goes against you. Yes we are all looking for profits but investing in Bitcoin means you know and have the believe for it.
I’ve been reading up on bitcoin and saw that Tim Draper estimates the price will hit 250k in 2022.
Estimates are estimates. Would you risk your $100k hard earnt money to an estimate that you'll have $650k profit in late 2022? Others estimate that it'll reach $1M by the end of 2024. There is no answer to what will or may be worthing one Bitcoin in x years. A country just made a legal tender with Bitcoin and there are others coming too. Judge by yourself. No one knows the future.*
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.
Speak for yourself. From my perspective: Who doesn't want profit?*Except some sketchy foxes in this forum.
Bitcoin is not NFT, you can buy a fraction of bitcoin even as small as 0.0001 , just buy whatever you have.. your investment stored even in a fraction of bitcoin will grow soon. Sometimes people want to look good when buying Bitcoin, they want a whole Bitcoin and not just a fraction. Some of them regret to buy when the price is $100, and expect Bitcoin price back to $20. Now they are chasing bitcoin at higher price.
I’ve been reading up on bitcoin and saw that Tim Draper estimates the price will hit 250k in 2022. I honestly could never afford a ton of bitcoin even now at 37k but I could afford three. It would be a lot of my savings, not all, but a majority. Is it worth it to spend almost 111 thousand dollars buying three bitcoin? Will it make me back a substantial amount more money? Please help!
The best way is to educate or inform yourself. Trends in the market are to be studied as well as analytical data prediction and forecasting. There are a lot of ways to foresee the future of the coin in the market and have the upper hand against traders and the market itself even.
I’ve been reading up on bitcoin and saw that Tim Draper estimates the price will hit 250k in 2022. I honestly could never afford a ton of bitcoin even now at 37k but I could afford three. It would be a lot of my savings, not all, but a majority. Is it worth it to spend almost 111 thousand dollars buying three bitcoin? Will it make me back a substantial amount more money? Please help!
if want get 250k$ for profit from ur btc .you will get a very extraordinary profit . but not in the near future as you want in 2022, so invest according to your ability, because investing in bitcoin requires patience, to get maximum profit, like you said you would sell bitcoin at the price of 250k $ you take a long time maybe 20 years or even more can't in a short time,
I though BTC has big room to going up to $250k, but not in this bull cycle or in next year. BTC need more time to go that level price, because the marketcap will reach about $5T, that mean alot of new money should be enter in to this market. Buy 3BTC for long term investment like for 10 years will promising financial freedom, because BTC is digital gold and the price action and the marketcap could be the same like Gold itself in the long run.
The problem is that OP might not have the patience and money to wait for a long time because as OP have state, he/she is taking apart some money from his/her savings to invest in bitcoin, not to mention that volatility might make OP susceptible to panic selling. 
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!
First - are you a fan of Tim Draper? because why on earth that for so many speculative here , you come to mentioned that man.
Second - if you are willing to invest then there is nothing that can hinder you , but expecting that soon of profit is Kinda Stupid.
because this market is not a Milking cow , this is a investment market that may have risk as well.
I though BTC has big room to going up to $250k, but not in this bull cycle or in next year. BTC need more time to go that level price, because the marketcap will reach about $5T, that mean alot of new money should be enter in to this market. Buy 3BTC for long term investment like for 10 years will promising financial freedom, because BTC is digital gold and the price action and the marketcap could be the same like Gold itself in the long run.
I’ve been reading up on bitcoin and saw that Tim Draper estimates the price will hit 250k in 2022.
I respect Tim Draper as one of the biggest supporters of Bitcoin from the earliest days, and I remember well when he told in 2014 that the price of 1 BTC in 3 years will reach at least $10 000, which of course happened. The price you’re referring to is his 2018 forecast, but that’s just speculation, even though a man like him doesn’t say things like that for no reason - but I still wouldn’t go into such a risky investment based on his statements.
What I would recommend is that you think carefully about how much money you can spend to buy BTC, without being in an awkward situation if the price at any time in the future is lower than it is today - or if it happens that in any way you lose your BTC (lost backup, hacking...).
I definitely agree that you don't need to invest in something you don't fully understand, first invest time in education (the forum can help you a lot), then ensure that you can be your own bank - which means you can securely store your BTC and make a backup of your private keys/seed words.
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!
well in my opinion yes it will be worth it when it comes long term, but remember that it always good to invest what amount you can afford to lose only, so that it won't bother you anymore especially when there's a negative news or a massive decline like this.. Just be smart don't push what you have right now because you don't know what will happen when you can't control your emotions when something bad happens in the market. So a friendly reminder don't just put your egg in one basket wherein just keep the rest for your needs.. 
for the price of 250k $ I think it's too high you take profit (if you really aim to make profits in BTC) especially in the short term in 2022 later,
one thing that is unlikely to materialize in the next 6 months, my friend,
think carefully before buying bitcoin especially now the price of bitcoin has reached 38k $ back, if indeed your money is free and you are a millionaire it's okay maybe 3 btc is just a piece of your wealth
one thing that is unlikely to materialize in the next 6 months, my friend,
think carefully before buying bitcoin especially now the price of bitcoin has reached 38k $ back, if indeed your money is free and you are a millionaire it's okay maybe 3 btc is just a piece of your wealth
My advice is be more reasonable. Invest some money into Bitcoin (or crypto in general) but diversify your investment. You should never invest the majority of your savings into any one thing unless you’re buying your forever home or making a business investment. My opinion is you should have a healthy mix of retirement fund (401k), property (physical), stocks, and a little cash on the side. Crypto is a great thing to add to this list but again.. be smart and reasonable. Also never invest what you don’t feel 100% comfortable losing.
You should most care about percentage gains rather that owning whole coins at this cost. For example if you buy $10k worth of Bitcoin and the price doubles, then you made 100% profit. So for Bitcoin and any other just invest what you can afford to lose and it’s more about the percentage gain on your investment than a whole dollar amount.
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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!
To reach $250k in 2022 is a big wow for us. If you want to buy bitcoin, you can do that while the price still in the $37k-$39k range but I do not suggest you buy it at once. You can buy bitcoin at any lower price and hold it.If I were you, I would split that money into many parts to buying bitcoin to hold my worry to buy bitcoin at a high price. We do not know if bitcoin really reaches that highest price in the next year, so if we can buy bitcoin from now on, we can expect to profit in the future. Besides that, if you can buy bitcoin at a low price, you do not have to worry about price volatility.
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!
Not good to ask for financial advise here because for sure you will get different answers. If I'm in your shoes, why not put everything in one basket? or better yet, just don't buy 1 BTC if you have doubts. Majority here just continue to stack up stats, at least for average just like me. Again, hard to say as we don't know what will be the price in 2022, it could be $250k or $25k. 
It would be a lot of my savings, not all, but a majority.
Let me stop you right there! This is one of the cases that I'd even suggest to completely forget about the existence of BTCitcoin...- Why would you gamble all of that hard-earned cash in exchange for the words of a random person [regardless of their status]? It doesn't make sense.
Will it make me back a substantial amount more money?
None of us have visited the future, so don't expect anyone from this thread [or other places] to answer that question accurately.Please help!
Only you can help yourself. The price of BTC is very unsure yet I would rather be spending that 111K of yours to a token that I could stake if I were you. Probably allocated 1BTC to an altcoin that will generate money for me than waiting for BTC to go up and just wait for BTC price to dip around $30k or below before buying. Investing in crypto is not for a fainted heart so be careful. So much opportunity but these opportunities could also turn into a nightmare.
If I could see what would happen to the price of Bitcoin in 2022, I would say something to you, that's the thing, nobody knows.
Before doing something the bottom line is: trust, Bitcoin is currently trading at $37,743, long before it broke through $50,000, meaning this could also happen as you expect in 2022.
No one is forcing someone to buy Bitcoin it all happened of their own accord, if you feel sure what you are doing is something that is best for you, at least 2022 could reach $100.
Before doing something the bottom line is: trust, Bitcoin is currently trading at $37,743, long before it broke through $50,000, meaning this could also happen as you expect in 2022.
No one is forcing someone to buy Bitcoin it all happened of their own accord, if you feel sure what you are doing is something that is best for you, at least 2022 could reach $100.
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:
I agree. First thing first he should understand what he gonna do in the future. Bitcoin is expensive that tomorrow may decline or may increase. Volatile investment. He should collect every fundamentals before invest in Bitcoin. Risks is present. Possibilities always open. 111k is huge money to invest. I guess he should invest what he can afford to lose. Rule 1 of investing: Don't invest in anything you do not understand.
Educate yourself:
~
I do not even know who Tim Draper is, but if you're investing because someone speculated its price to grow at some point of time then you are likely to screw over with your decision. You are seeing Bitcoin as a profit generator which is not. That is just the icing in the cake and you're missing the whole cake.
You have the freedom to spend your money with Bitcoin without involving any authorities.
worth it for a billionaire who has a lot of money, after he buys a few bitcoins he still has savings to buy other needs, but for those of us who have mediocre money having just one bitcoin is more than enough, because we have mediocre money money, if you buy bitcoins a lot of our lives will be chaotic to buy daily necessities, it can be said to buy bitcoins according to our abilities..
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!
Imho it worth buying even half a Bitcoin. But that's me.
Keep in mind that this is a Bitcoin forum, hence there's more likely that people answering here will tell "yes".
Now, there are a couple of rules:
1. Don't invest more than you afford to lose.
While bitcoin price is supposed to grow more in the future, it may fall too. If you don't afford to lose, you'll panic and sell at a loss, although in a day, a month, or maybe years, the price may recover and then you'll be angry. Or maybe I'm wrong and will not recover at all.
2. Don't invest based on advises from unknown people over the internet.
Please do your research and make your decisions. We are not to be held responsible for your decisions.
3. Learn how to use it and how to store it safely.
Bitcoin needs a learning curve, else you can get in trouble at buying, at transferring to your wallet or you may end up with your money stolen.
if you ask the question, is buying 3 bitcoins worth it, maybe people will have different answers, buying 3 bitcoins might not be worth it for millionaires who have a lot of wealth, but for middle class people maybe buying three bitcoins is more than enough, but we who have the money mediocre, I think there is no need to burden our lives, by buying a lot of bitcoin, we just need to follow trading about bitcoin..
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!
Everything is about risk.
The word risk itself symbolises that if you want to bet the money then there are equal possibilities of lose or win.
But if you listen to me, then yes just buy the 3 BTCs if possible.
I have a strong assumption and have also seen many popular Bitcoin traders predictions regarding the growth of BTC.
Not sure about 250k in 2022, but yes you won’t end up with losses.
Wish you best of luck Op.
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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