Re: Investing on BITCOIN for 1 year... Will it good or bad?
What will happen to this market within a year...? Investing on BTC was great on last few years. But if we invest on these days for a 1 year, will it gives a good profit or not?
It is not possible to say anything definitive yet. The time frame is just too small. It took over 2 years for bitcoin to fully recover after the mt.gox downfall. Now there is another downfall which has different causes but it is still a downfall under whatever name. In other words, in one year's timespan we may still be sliding down or trending sideways. We are just 3 months short of the December crash last year, and there might still be a lot of pain ahead till we see the light again.
So this market is not good for making decision.. I think also my investing time period is not enough for a profit. So anyway let's hope about rise up of BTC soon.. These days are very tired for traders. So I think there will be a great days soon. If there is a hard climb for a mountain there must be a incline after the peak...
Thank you sir