How high will bitcoin go?
That is the question on the minds of many speculators who either have money tied up in bitcoin or are contemplating purchasing bitcoin, perhaps for the first time.
I am reluctant to use the word “investing” when writing about bitcoin because bitcoin can be volatile with its ups and downs not unlike a rollercoaster.
There are predictions on which direction bitcoin is heading but I think you have to realize that this is based on opinions rather than fact. Past performance is no guarantee of the future and something is only worth what others are prepared to pay for.
Then there is the question of what credentials does the person making predictions have. What is their track record? Do they own bitcoin themselves?
There is a lot of advice out there from various people and much of the advice is just opinions and we all know that opinions can be wrong.
It is really up to individuals to make up their own minds and USE ONLY DISCRETIONARY SPENDING MONEY TO PURCHASE BITCOIN.
Investors need to keep their eye on the ball and not be lured in any scheme with promises of quick riches. If something seems too good to be true then it almost certainly is.
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