Is buying three bitcoin worth it?

[richcorner100]

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.

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[bitterguy28]

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.

[Kong Hey Pakboy]

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.

[TribalBob]

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,

[genolica]

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.

[bitcub]

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!

[BlackHatCoiner]

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.

[Henrobakkara]

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.

[bitzizzix]

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.

[shadow123]

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.

[haidil]

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.

[CryptoStar19]

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.

[sunsilk]

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?

[Rengga Jati]

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.

[Expecto]

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.

[Viscore]

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.

[ene1980]

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.

[lalabotax]

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.

[skybot13x]

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.

[nightxglow]

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.