My dad just retired and sold his home and, very generously, gave me 50k. He suggested to put 30k in Bit Coin for my children's college. I have 2 toddlers ages 2.5 and 1. I put 10k in Bit back in October and it's done extraordinarily well. When I went to buy yesterday I see it hit a peak.
Do I buy at current price of 66k or wait for it to drop to 62ish? Will it drop again? Should I wait for 50s? OR because the purpose of this money is for a college fund, would the difference in price not matter as much in 17/18 years?
Open to all suggestions. FYI, just diversified 10k spread out among 10 other coins, 1k each. Thanks in advance.
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