The year is almost in it last quarter with few months to go but for bitcoin, investing now is not too late.
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?
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?
$250K is an over hyped price to me, so I won’t believe and settle for that when bitcoin is even yet to reach $150K. Bitcoin investment would have been enjoyed more if one has invested in it longer before now, even before the bull run cycle begins. Jumping into the investment now is not too late but a rather risky thing to do to expect big profit by end of the year.
If Bitcoin doesn’t remain bullish with a full time momentum till end of the year, I don’t even see it even going to reach $200K. The bullish momentum may remain, but Bitcoin has to perform beyond reasonable doubts, before one can at least believe it will reach $250K by end of the year. For me, it’ll be a risky investment to invest now and want to take out profit by end of the year, but it’s also not risky because if you play well, you won’t meet with loss by after investing in bitcoin.