20k is a small figure in the grand scheme of things. You are probably in your late teens or early twenties. That means you can afford to take an extraordinary amount of risk with that money without any major consequences. Just because it is 20k doesn’t mean it is useless. This is what I would do if I was in your position.
I have actionable intelligence that the big bitcoin bull run is just getting started. Right now we are experiencing a brief correction. Wait for a week or two, buy in at $6500 or lower. Wait for 24 months and forget about it. Thank me when you cash out good money. Meanwhile, get those A’s in school and forget about the speculative activity.
The risk-reward is assymetrical. When you lose, you will only lose 20K which is extremely unlikely because it assumes that bitcoin crashes to zero. If you are right, you 50X your money in 24 months. That’s 1 million bob from 20k. If I told you to toss a coin, where if you guess right you win 1 mil and if you guess wrong you lose just 20k, would you take that bet??
People have done it before, you can be in on the action this time.
To make 50x return on bitcoin the price would have to be $325,000 and market cap $6.5 trillion.
@kanmz I hope you heeded to my advice 23 days ago. You would have almost doubled your 20k by now. :D:D:D The bull run came and now I am swimming in money.
sani
June 27, 2019, 8:02am
24
Land is a store of value, not a creater of value. We buy land using our surplus funds, not our savings. Otherwise utafungia capital yako yote kwa plot,