Bitcoin's price is showed daily many times on Bloomberg TV. The price instability and the huge spikes are making it perfect for trading! Traders are looking for currencies they can trade for which they can also make the most profit they can. Having $100.000 in Bitcoin makes every cent moving matter. Instead of GoldOZ/USD which moves only by a few dollars with every important change, Bitcoin can even double or triple.
It' such a fkn aggravation. Buy and hold. Every time I fkn sell my positions it goes up. Last night I sold at 4840 thinking it was coming back down a bit and I wake up to an over 5k bitcoin. I'm so fkn pissed. Now will have to wait for a retracement. TRading is one of the most aggravating things you can do. Buy and HOLD unless it's really confirmed that it will fall.
You hold it but you have not any target, therefore how do you take profits? Depends on each cycle? Nope, I do not think this is the good choice for a professional trader or a really investor. This is the way for gamblers.