I've been keeping up with Bitcoin and investing for the past year, and Im wondering if anyone thinks it will drop back down to 6 - 6.5k in the upcoming months?
I've read a lot of projections and there is a mixed consensus but several "vets" agree it's due for a big drop.
What does everyone think?
There are a lot of things you have to look out for before investing in anything and the same goes for Bitcoin. At the moment the demand for Bitcoin is up and there are a lot of investors eager to buy. However, several bans and fraudulent individuals have caused some hindrance. It makes little more sense to buy now since Bitcoin is down my estimate is that it will go up by the end of the year or at least in few years time. Overall, with investing you just have to know not to put all eggs in one basket Bitcoin might seem to be going up but it's not the only currency on the market. Read up before you invest and your intuition will never go wrong.