There are lots of suggestions pointing to the possibility of bitcoin getting to $250k by the end of the year, how realistic is that speculation?
Nobody knows the price which bitcoin will be going at the end of the year, everyone is just making speculations and we can be wrong, that’s why when anyone is investing in bitcoin, we shouldn’t tell them when they are going to make profits because no one knows when that’s going to be. We having like 4 months till ending of the year, bitcoin getting to $250k is something that we can achieve, but I just think even if bitcoin price is going to pump, then we might not see bitcoin price above $200k.
If bitcoin can get to $250k by December, then buying now in view of getting returns by the end of the year isn't a bad investment plan. Is such a plan a good one or a red flag?
If you are planning to invest in bitcoin, then you are suppose to hold for long term, investing now and expecting return by December is really a bad idea, because bitcoin price might even dump by December. Asking someone to invest now, and promising them profits by December is really a reg flag, no one is sure if bitcoin price is going to increase by December. If you are introducing anyone to bitcoin investment, then just ask them to hold for long term.