A trader just made a million dollar bet that Bitcoin would be over $50k by the end of 2018 A large trader (or traders) just plopped down a million dollars betting that Bitcoin would hit $50k sometime in 2018.
Anything can happen so we all dont know what its going to be, the best thing you got to do is have patient and monitor the price frequently as much as you can, cause its very important to monitor the price cause you might have to cut your loss at times.
So like I said anything can happen, we might see the price climb to $30k or even $50k by the end of this year, or it can even drop to $2k. Thats why they say that the price of Bitcoin is volatile.
Well that is right because the speculations about the price of a particular crypto currency might not always go in the right direction but Bitcoin is a great coin among crypto and we have had a sudden jump in the values today as well, we hope it will rise again to the top value like it had risen in 2017.
People have been very pessimistic about the value of their portfolio due to the down market but right now, when the value of Bitcoin is rising, they need to learn the dynamic nature of the market an develop a material of patience in their minds.