I'm always very cautious when it comes to the price of Bitcoin, but that's probably because I view things very short-term rather than the long game.
The recent surge in BTC price left me constantly saying "it is gonna tank again", sure enough it did but only to recover as the trend continues.
Will be interesting to see where things go now and what effect (if any) it has on some of the more popular altcoins.
Thats a fool proof way to go broke. You need to think of bitcoin in the bigger much longer term picture. 25 years. It will take over the world. Just watch!
If you bought at 400 and then sell at 1000 then you are not going to go broke because of it in fact you had nice profits but there is the possibility bitcoin reaches way greater highs and you could lose the opportunity to be there and get those earnings too if you sell too soon.
Who is a good marketeer and was highly intuitive and bought some Bitcoins back in time,when the Bitcoin's value was $400,now he can make 3 times profit,if he wants to sell the Bitcoins right now,when the Bitcoin's price reached $1150.Or keep the Bitcoins in his wallet and sell them when the price of the Bitcoin gets even more higher.Either way ,he has made good profit on the Bitcoins.