YOLO season has already passed, now you must wait until the price drops back down below $30K before you take risks with large amount of savings, since your investment will most likely be underwater until at least 2025.
~snip~
Do you think that the price of BTC will not at least double by the end of 2024 considering the halving and the possible approval of the spot BTC ETF in the US? The difference between $30k and $35k is not that big, and even if someone has to wait until the end of 2025 to make a significant profit, I think that a little more than 2 years is not too long even for those who are less patient.
Of course, I still think that such an investment is a risky move considering where the money for it comes from.
exactly, even at $35k where else could you double that in 2 years? - nowhere.
In my country most people avail of a "State Pension" but cannot access it until
aged 67. Others have private pensions and these are designed to be paid into
for a long time to avail of when you are elderly.
"Investing" in Bitcoin can be as short as 4 years in order to make a good profit.
Personally I wouldnt invest in an ETF when I can just buy Bitcoin directly myself.
I dont have any FIAT based investments other than my property. FIAT is devaluing,
why would I squirrel away funds regularly into FIAT?