I have been thinking with many predictions that Bitcoin has already hit the bottom at 3k during december. Charts already showing we are bullish and Bitcoin has been breaking certain resistance in past few weeks.
If the price keeps increasing steady I believe Bitcoin can hit 10K before the end of 2019. The higher the increase in the price of bitcoin the more fiat is needed to get a fraction the ultimate digital currency (BTC). The time to get some crypto and start learning trading bitcoin is now if bitcoin hits new ATH in the near future fiat would only be able to buy fractions of bitcoin.
I believe the time is now for people who missed bitcoin in its early years or else only institutional investors would have the power of buying bitcoin!!
What are you talking about? 3k was considered an enormous price a few years ago, and you think of that as a "bottom"...
All you can do is "buy low and sell high" to what your current low and high are. The longer the time the less difference it will be.
I expect Bitcoin price to slow down its increase on the long run, it won't stop rising, just slower and slower.
The "cheap" price was left behind years ago, when people tho it was too high and hoped it would return to the price they never managed to get it into...
And if the thing goes over 10k you would be wondering why you didn't buy at near 6k today.
If you buy at 6k and it drops to 2k, then you would be wondering why you bought late... A good trader would simply wait again.
At some point the 19k number might be breached, but i hope it takes many more years. Too bad for those that made the mistake of buying when everyone else was buying. Don't follow the herd, that means you are too late. If in doubt, diversify, and never invest what you can't afford to lose. You won't lose until you sell, of course, but people need that mindset so they can leave that money alone until it bears fruits.
Unless you are doing margin trading, which you shouldn't unless you are a pro...