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Author Topic: Is buying three bitcoin worth it?  (Read 704 times)
iTradeChips
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June 21, 2021, 11:43:53 PM
 #81

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.

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June 22, 2021, 12:30:28 AM
 #82

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
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June 22, 2021, 12:47:02 AM
 #83

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.

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.

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June 24, 2021, 03:52:38 AM
 #84

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.
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