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    Author Topic: Can I save my brother by investing in btc now?  (Read 681 times)
    livingfree
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    July 21, 2023, 03:15:16 PM
     #101

    There must be enough time for your capital to grow with bitcoin and with the case of your brother that needs immediate treatment, he can no longer wait until that investment will be ripened.
    From $3k to $75k, that means he needs bitcoin to increase 25 times from now, when bitcoin hits $750k, he will have enough money to pay for his brother's treatment. That is not possible even if he invests now and waits for bitcoin for years, let alone in the short term. Obviously, this is not a viable option for him.
    We don't even know how long it's going to take for that 25x of growth to come. How I wish that it will happen next year but the problem is with these medical emergencies, time is very important.

    Moreover, using emergency money to invest in bitcoin is not a good option as bitcoin is not a get rich without risk scheme.
    That's right.

    Although he's trying to do everything for his brother and thought that this idea is going to work. Yeah at some point it will but as said, time is the crucial factor here and it is unknown concerning his brother's situation.

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