This is a good time to review how the 2011 Bitcoin bubble played out.
If you are buying bitcoins for the long term, then be prepared to sit on an investment heavily in the red for a long time depending on when you get in. If your ok with that then have fun. I know a bitcoiner that had bought a ton of bitcoins at $18.00 dollars in 2011 and had a difficult time coping with his loss for the following year and a half.
Hope he didn't sell them yet.
“I’m fully diversified. I’ve got some under the mattress, some under the floor boards, some in the backyard.”
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