Pretty much the question. I’m sold on bitcoin and its viability. But like an absolute schmuck I have come to this conclusion while we’re quite close to the ATH instead of 9 months ago.
I have 100k at my disposal. It’s everything that I ‘can’t afford to lose’ as Saylor says. I won’t need it for at least 3 years, but I’m 21 and this is not a trivial amount to me.
Seriously, would you buy right now, or should I wait for bitcoin to crash/correct again? I understand the new ‘floor’ might be around 50k-60k. But this cycle really does seem to be consistent with others and I know it’ll come back down with 6-18 months.
At the same time I think trump might have a pretty big positive impact on this bull run and don’t want to miss out.
I’m not asking anyone to predict the future, just keen to hear sentiment and advice.
Edit:
Thanks everyone for the responses. You'll be relieved to hear that am I also getting advice from adults who are not on reddit, but I really do appreciate everyone's thoughts, it was a lot more objective and considerate than I expected! I'm going to put 50k in. I've put 10k in so far. Bank has stopped me from moving the rest so l'll have to figure that out on the weekend. Then convert 25k to USDC and I aim to DCA from there. Might just watch the price for a bit though. I'm not going to sell if it goes down, even if it hits $2. I might take a little bit of profit if we hit 200k or something though. Like 10%. I'm going to look at leaving the rest in a high yield savings account or an ETF. It anyone has some threads or links that will help me better understand self ownership and security, I'd appreciate it. I understand it but am not really tech savvy so l'm keen for a simplified step by step breakdown. Thanks again, for all of your sakes I hope it takes off and I regret not going all in!
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