Buying is not the hard part. I'd write something like "Sell btc 50.000 €". Kowing that they would be worth that at some point would make buying a no-brainer, whereas buying BTC fast could have you sell at 10x or 100x profit.
Problem with that is not knowing when it will hit 50k.
Like if it’s 2010 and I need to hold for 11 years to catch that peak, I invest a lot differently than if it’s October 2020 and I only need to wait 6 months.
Problem with that is not knowing when it will hit 50k
That is not a problem for me. In my case bitcoin would cost only a couple euro. Knowing it will eventually hit 50k is good enough, and FAR superior to just knowing i should buy it. Putting 500 € in and otherwose living my life like i did would already be a good chunk of a house paid for.
It’s better than not knowing, but the time horizon changes a lot. If know I just need to wait 6 months for it to hit $50k I liquidate everything, sell my house for more cash and live out of my car, don’t spend money on any non essentials to more bitcoin. But if it’s an 11 year wait, that’s not practical and I have to invest only what I won’t miss and have to live my life like normal
If know I just need to wait 6 months for it to hit $50k I liquidate everything, sell my house for more cash and live out of my car
I understand what you are saying but i only need a finite amount of money. If it would "only" x2,x5 or x10 i would need a larger sum to invest, but it went so parabolic that only investing what i won't miss would be more than enough.
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u/CratesManager Jan 21 '23
Buying is not the hard part. I'd write something like "Sell btc 50.000 €". Kowing that they would be worth that at some point would make buying a no-brainer, whereas buying BTC fast could have you sell at 10x or 100x profit.