Quote from: Janation on January 16, 2020, 08:21:38 AM

Quote from: jameshugo17 on January 13, 2020, 09:06:53 PM

Avoid dreamy predictions for Bitcoin. Bitcoin may rise to very high prices a day. However, there is a difference that we cannot foresee anything at all for bitcoin. There may be a steady ascension, but a constant fall. Never mind what MCafee said.

No one knows what might happen.

People should know that by now. Bitcoin and I think most of the cryptocurrencies are the same in terms of their volatility and we should know that we should be really careful in terms of investing since we do not know what might happen. You can analyze price charts, you can read a lot of articles but it would not tell the exact price in the future.

The best reaction to the volatility and unpredictable movement of the market is risk management. If you know how to do a proper risk management then you do not need to worry about the possible worst case scenarios for cryptocurrencies such as bitcoin. Learn to diversify so you will rely on different sources of income and the risk will become less.