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Author Topic: Is buying three bitcoin worth it?  (Read 704 times)
Alanaz
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June 19, 2021, 05:18:36 PM
 #41

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.

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June 19, 2021, 06:14:12 PM
 #42

Will it make me back a substantial amount more money?

When you buy Bitcoin you already have the best form of money. Few ...

Bitcoin is not a bubble, it's the pin!
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June 19, 2021, 06:24:09 PM
 #43

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.

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June 19, 2021, 06:27:08 PM
 #44

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

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June 19, 2021, 06:31:12 PM
 #45

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.


Quote
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.

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June 19, 2021, 06:39:04 PM
 #46

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.

R


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June 19, 2021, 06:55:22 PM
 #47

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.  Wink

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June 19, 2021, 07:01:08 PM
 #48

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.
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June 19, 2021, 07:46:36 PM
 #49

~
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. Roll Eyes
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June 19, 2021, 07:47:24 PM
Last edit: June 19, 2021, 09:39:32 PM by Lordhermes
 #50

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.
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June 19, 2021, 07:59:03 PM
 #51

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.

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June 19, 2021, 08:01:40 PM
 #52

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.

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June 19, 2021, 08:29:40 PM
 #53

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!

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June 19, 2021, 08:38:12 PM
 #54

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.
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June 19, 2021, 08:45:23 PM
 #55

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.

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June 19, 2021, 11:53:22 PM
 #56

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.
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June 20, 2021, 01:27:04 AM
 #57

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.

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June 20, 2021, 02:07:27 AM
Last edit: June 20, 2021, 04:46:55 PM by ChiBitCTy
 #58

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://bitcointalk.org/index.php?topic=5288768.msg55577767#msg55577767


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June 20, 2021, 06:19:23 AM
 #59

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.
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June 20, 2021, 07:16:04 AM
 #60

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.

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