I am a 20-year-old student. Not long ago, I heard a famous cryptocurrency expert in Korea on YouTube.
He said, "Bitcoin investment seems to be late, to be honest. I'm sad, too. I think 2018 was the last chance for ordinary people."
This makes me feel depressed. That expert started investing in bitcoin in 2013, and he encouraged his acquaintances to invest in bitcoin, but at that time he said everyone thought he was crazy.
Honestly, as an ordinary college student, the price of bitcoin now feels too much to buy.. If it's the price of the early 2010s, I might have bought it through a part-time job..
I'm so pathetic and depressed because I didn't know Bitcoin quickly. What should I do?
I personally think that there is plenty of room for bitcoin to grow in terms of financial gains. It is not even yet adopted by 1% of the world’s population. There is a projection where it is said that the price of bitcoin will reach $100,000 when 1% of the world’s population adopts it, and $1 million when 2% does. As always, it is crucial that you only invest with money you can afford to lose. Personally, IF that $50,000 in the bank is all the money I have in savings, I would use at most $10,000 to invest in bitcoin - which is 20% of my holdings. Some would argue that 20% is a rather high figure.
However, if that $50,000 is a small portion of the total savings in the bank or there’s a lot more money elsewhere, then I’d probably invest in bitcoin with a higher figure - say about 40 - 50% of that amount i.e. $20,000 - $25,000. I think it is possible that you could potentially double your investment in the next 2 to 3 years with bitcoin. It is speculative no doubt, but a speculation based on trend, track record, and historical data. I would advise that you do some due diligence and research, and again, invest only with money that you can afford to lose. Good luck and all the best in your cryptocurrency journey.. I don’t believe there’s a time too late to start buying bitcoin because bitcoin has proved over time it can overcome any hurdle thrown at it