What I mean was how long will bitcoin keep going up in price of USD which is United States Dollars. I was wondering since it seems to be going up like the stock market once was. When something is going good, there is always a bad side to it
Well, nothing will last forever.
The price is stabilizing which could mean either of three things.
- Price is just going to keep hanging around the $2500 region(in my opinion this is going to be the best option available
- Price is going to jump up over $3k, and then come back down again potentially down to $2k
- Price is adjusting once more back to $2k.
If you don't feel confident holding your bitcoins, simply sell any portion of it. That way, you get profit if bitcoin goes up, and your losses are reduced dramatically if bitcoin goes down.