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?
If the current price of Bitcoin is the end of its progress and growth, then no it's no good investing now. However, the community believes that Bitcoin is just beginning to show how steadfast it is and how much more it could grow. So with this mindset, it is reasonable to say that investing now is still a good decision. We've seen how fast can Bitcoin grow in value and we've seen how firm people in supporting Bitcoin. So if anyone hasn't jumping in until now, now would be the best time to do so.
In addition, just like the others I also think that buying now is not wrong because the price of bitcoin will continue to rise and buying now even at high prices will still give you profit in the future. I think this is what should be in our mind, there should be no worry in buying bitcoin now and investing because as soon as the price continue to rise, the buying price will be higher indeed and if you will be investing after 6 months or more, there is a chance that you will regret buying earlier.