$500 for Bitcoin - 2030

[00.00WIB]

As we know that the record high Bitcoin price of all time is around $68789.36 on November 10, 2021.
I interested in bitcoin not only because of its selling point but also because of its functionality which is known as being a large decentralized database of transactions.



I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

[Upgrade00]

The first rule of investing is risking why you can afford to lose. So you should check if $500 is an amount you can afford to lose, although, I would assume with the fact that you have a long term goal that it's an amount you do not need at this point (spare money).

Before you consider imvesting, you should do your research on how to invest;
• Safety is the most important aspect of investing, choose the right wallet software or hardware to use and remember to back up safely.
• You will also have to learn to browse safely and avoid scams

[Mbah_Google]

bitcoin is the right choice for long term. but, before you plan to invest in cryptocurrency/bitcoin requires in-depth analysis, understanding the risks, patience, etc.
on the other hand of course anyone has every reason to believe that bitcoin will be able to reach some of your desired price targets. However, what if you currently need to use your savings funds (the $500 you put into crypto) for something important.

so, the point is Understand all the risks associated with investing, managing your finances, and always reconsider before you actually plan to put your money in crypto. This is not a joke so you have to be serious. We can't just say "hey put your savings in bitcoin" even how optimistic we are on the future of bitcoin.

[cryptoaddictchie]

I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

Bitcoin could be moving fast with the next 5 years, and who knows what will it be its value on that lifespan. Of course we can speculate it but be ready to the result cause its not always in our favor if we invest the money and suddenly a big drop happened.

That 500usd is big are you gonna dca it in particular time? Or one time bought only and wait for bitcoin pump after 5 years?

[Skinny48]

Do not buy in one go I think BTC will still go into bear season phase and it's possible to see this coin at 10k+ again so use dollar cost average to get your hands on more satoshis in any way.

[Poker Player]

I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

But I don't quite understand your picture. Well, what I do understand is that you predict that the price is going to go up, but you don't see what that $500 will supposedly turn into. It would be interesting if, as cryptoaddictchie asks, you clarify if you plan to do DCA or not. I do recommend you do DCA apart from the initial investment, and that is what I do. Just think if the price goes from $50K to $200 after all those years, you will only have $2K. If you add what you can weekly, even if it's $10, or monthly, little by little the ball will get bigger and you will end up accumulating a good capital in relation to your purchasing power and saving capacity.

[Reid]

Try this. Forget about the $500 worth of Bitcoin that you bought. Write it in something that you will go back and check it again at a designated date.
Now, that's HODL. You don't need graphs on that or even analysis, you just trust the process.
If you really think Bitcoin will soar that high then you don't need to worry about anything. I am trying to do that now and I just have the receiving address of the kept BTC because I want to add more on that vault for the future. There will be a time I may say to myself it is enough, and that's when I will stop.

[YOSHIE]

I don't think given the current state of the crypto market it's worth it or not to invest $500 in Bitcoin, however, if you ask me personally, Obviously I'm saying right now it's not a good thing to do, maybe the end of 2022, most likely worth considering.

I salute you for your interest in investing in Bitcoin, that's normal and quite good, but I think you should be a little patient and monitor the market situation at the end of this year, maybe we all don't want $500 capital in the next two or three months to be $300.

In general, invest in approximately 9 years from now, a very long time, if I suggest just target your investment it takes at least 3-4 years and buy Bitcoin when the price is really cheap and have a little more Bitcoin than the current price.

[endut15]

As we know that the record high Bitcoin price of all time is around $68789.36 on November 10, 2021.
I interested in bitcoin not only because of its selling point but also because of its functionality which is known as being a large decentralized database of transactions.


I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

when you have thoughts like this, from now on guard your wallet carefully, close all access to bitcoins and go back to your previous life.
because as far as understanding in making long-term investments without thinking about risk is to forget everything and return at the time you have set so as not to miss the train.

[TravelMug]

As we know that the record high Bitcoin price of all time is around $68789.36 on November 10, 2021.
I interested in bitcoin not only because of its selling point but also because of its functionality which is known as being a large decentralized database of transactions.



I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

What do you mean, buy with $500 worth of bitcoin and then hold on it till 2030?

It could be a good strategy, but let me tell you that you might get tempted if let's say the price hits a new all time high in 2024-2025 and seeing your money grow at that time.

Another is, if you are going to hold on it, better put it in a wallet wherein you have total control of it and back the seed and the private key and keep it safe till 2030.

[Wexnident]

DCA if you're having a hard time deciding on how to invest or if you can't invest fully to the market. It's a rather great option, especially if you're new and you don't want to miss out on the trend, granted that it probably has lower profits from day traders, at the very least, it has a higher chance of making you profit without making that much of a loss. Since you're looking at the long term, I don't think it'd matter much if you entered now or later imo. Just try to spread your portfolio later on in the game.

[ultrloa]

As we know that the record high Bitcoin price of all time is around $68789.36 on November 10, 2021.
I interested in bitcoin not only because of its selling point but also because of its functionality which is known as being a large decentralized database of transactions.



I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

Before letting your $500 sleep on your wallet for much longer times maybe try to consider the things needed to put some attention since there are more investments exist at the moment which can make your $500 grow and provably that amount can multiply for more that years if you use it on right investment also with proper using it on right cause. But if you cannot risk that amount for now then maybe what you think might right since in the end you are the one who can decide on your money.

[Vatimins]

     I could say it is a good decision to just end it as that since it'll be profitable anyways but it wouldn't let me rest at ease. So okay, I'm gon give you some advice that you can either use or not, whatever you see fit. Now, if it were me, I would first consider my financial standing so I can be fully aware howuch capital can I use to invest and not be worried about if lost or can be ignored for years. Then, after being able to know the total capital I can spare, I would then divide it in half. The half, I will keep in case of dips so I can still buy and have better average in my investments, the other half, I will not invest entirely on bitcoin. Heck, I might not even invest on bitcoin the majority. Reason for being is that I want bigger gains in the long run and bitcoin or Ethereum (although can go up in price in the coming years) won't be able to give so much profits. Would be better off investing on some other coins in the top 20 after you do some thorough research about the best coins. This is, considering that you have low capital basing on the $500 you mentioned. Well then, this has become longer than expected but no problem. I hope this helps.

[NeuroticFish]

I don't want to miss the train a second time on bitcoin. little picture of my bad analysis for the price of bitcoin for the next 5 years. I could be wrong but I want to leave my mark here by starting to invest in bitcoin $500 and main target by 2030.

Bitcoin historically was a very good investment if the investor did hold for at least 3-4 years. Of course, the more the merrier.
On the other hand, please decide for yourself what you do with your money. On a Bitcoin forum clearly the main trend will be "good, go for it, invest"

I will touch other topics too:
1. Be careful where you buy from, go for reputable platforms.
2. Be careful with the fees. And especially if you buy from a centralized exchange, be careful at the withdrawal fees, which tend to be big. This is important especially if you decide to DCA or, anyway, buy more batches.
3. Learn how to safely configure and use a wallet (since keeping the coins at exchange for long time is not advised - not your keys, not your coins). Consider buying a hardware wallet. Learn how to safely store your wallet's seed.

You search and/or can ask around for all these topics. No matter if Bitcoin turns to be a life changing investment if you find out in the worse moment that you've made a mistake and your coins are gone.

Would be better off investing on some other coins in the top 20 after you do some thorough research about the best coins.

No. For a newbie this is a bad advice.
While I don't deny that altcoins can bring very good gains at times, this happens seldom, for short periods. Overall, on long periods of time, one betting on altcoins will most probably end up either with smaller gains than with Bitcoin, either completely at a loss.

I was, like you, some years ago, for half bitcoin, half altcoins investments. But the passing years have proven that the altcoins side was just an ever-decreasing bag.

[Lucius]

The OP is quite modest with its long-term forecast, as it predicts that by 2030 the price will not reach even $200 000, which means that its $500 will then be worth less than $2000. Of course, he didn't specify his exact plan, whether it's $500 a month or maybe that much every year until 2030.

I always say that money is not the only thing that matters in such decisions, because it is easy to buy - but to keep it in the right way and resist the temptation to make a profit is a difficult thing.

[Franctoshi]

Your plan is a good one, so far your investing with the money you can afford to loose and I believe this benefits you since your are going for a long run and also with the halving that is going to take place in 2024 , therefore if we have every fundamentals and technical in Bitcoin's favour, that will be a smart investment strategy for you. Though you didn't specify how your going to buy the btc weather it's $500 each month from now or each Year from now?.

[Johnyz]

I though this is about the price prediction of Bitcoin which you predict for a dump price, And I read it again to understand your real concern here. Well, if you have that capital and just hold it for more years then Bitcoin is a good option for that especially if you want to invest without doing anything. Monthly investing are also ideal, but if you have a tight budget better to create strategy so you can adopt the opportunity and make money.

[el kaka22]

I did something similar about 7 years ago, and also around 2 years ago as well. The one that I did 7 years ago was a bit of risk that I took, I needed the money, I really needed it, I had so much debt and I was in a terrible situation in life. Then I quit my job and worked in crypto industry a bit more and during the 2017 peak periods just sold all of them and got myself to a great economical situation.

I wasn't rich or anything, but I wasn't in poverty anymore. After that I just started working normally, still in crypto and remote work, but took me about 2 years to get back to saving some money and put that into bitcoin in 2020, as we all know that has been a great deal so far. Ever since 2020 I have been putting up some money every month into crypto.

[bitbollo]

over the years I have understood that owning or buying bitcoin is not so much an "investment" but more a new way of thinking.

because it is not trivial to use a deflationary system, without central entities, which is self-governing, which works 24 hours a day without the need for intermediaries, where all users are the same, a system that allows you to do many things. it is not a speech that you can relegate only to a mere investment ...

imagine, one day you go to the ATM and you can't withdraw! you try to make a transfer and your bank is offline! your government devalues the currency, or so many other events that in reality (depending on where you live) are not that unlikely at all.

this technology allows you above all to be ready for the unexpected. in my opinion it also allows you to rssere free

[gantez]

If you want to invest $500 in bitcoin and let it run to 2030 that is 8 years from now, so did you do research on bitcoin in past 8 years to know the likely move for the past and the future investment. Within 8 years from now bitcoin will have two halvings on its road to 2030, then what is looking to be your estimation of profit in 2030 or you don't mind any profit is good to you ?