I'm watching the bitcoin for a few months now, saw it going up from $2,000 to over $8,000 in just 6 months.
What shook me up this morning is a notification I got by email saying it's over $8,000!! Bitcoin is up by 43% in a single month.
The big question is, will we see $10K soon, perhaps before the end of the year, or what are you guys expecting to see in the next few months?
I've been trading Forex in the past, today mainly US Stocks, but have no clue what to expect from Bitcoin.
Is it still a good time to buy, or should I wait more and see what's going on in the next 6 months? Any thoughts?
This post is an evidence that if you can afford to lose the money that you have at the moment then you should invest it because we can never tell for sure what the price of bitcoin will be because of too much volatility. Few days before it reach all time high, OP posted this one and if he did so at the time of posting, he should have gained 30% already. Bitcoin is unpredictable but there is a high possibility that it will go up because of the high demand and popularity. If you are still skeptic that bitcoin would go up or down in the next few days or weeks then you can do cost-averaging so that you can still get it at the best possible price.