Alright, so bitcoin is on everyone's radar nowadays. It makes the news and it has jumped to outrageous price over the last year. In fact, it has gone up by several thousand dollars in a few hours, several times. But it has also dropped by 3000 dollars in a hour. So I don't want people to think that investing in bitcoin is completely without risks, because it's not.
But the big question still stands: Should You Buy Bitcoin?
Short answer is - yes. General trend seems to be pointing upwards and many experts are now claiming that bitcoin might jump to 40 000 or even more in 2018. And that's because we are currently experiencing cryptocurrency revolution and bitcoin is at the forefront of it.There are many banks created specifically for cryptocurrency trading, countries like Russia and China who didn't want to consider bitcoin as a legitimate currency were forced to do so recently. More and pore people are getting into cryptocurrency investing and more and more businesses offer bitcoin as a payment.
All of this results in a surge of money coming into financial bitcoin circulation and it''s market cap grows, and so does it's price.
One thing to understand is that there will always be short terms ups and downs, and these can either over-encourage you or completely discourage you, but you need to look from a long term perspective, which in crypto world can even sometimes be just a few months, and don't think that the opportunity has passed because it hasn't. Bitcoin WILL still grow exponentially and I encourage you to be happy when in experiences a fall in it's price because that offers you an opening to buy it a a reasonably low price and just hold it until it reaches a price that you feel is appropriate for you to sell it.
And with that being said, good luck and let's not waste this amazing opportunity and let's all make a lot of money!
The answer is yes, but timing is everything. BTC could very easily see a dip back below 10k in the coming weeks (6k-9k acting as strong support if this did happen). I do believe BTC will go well beyond its current value, but I wouldn't be surprised if it dipped to 9k before bouncing back up to reach new all times high after that (likely 32k before slowing down).