The price of bitcoin is probably best described as the world’s most daring roller coaster with all its ups and downs.
Bitcoin’s price isn’t for the faint of heart investor, one must keep their emotions out of it, especially if day trading.I like to think if bitcoin as a long-term investment or at least get out when up. Um, so do I think of bitcoin as a short-term investment. I don’t really know, is my answer.
Bitcoins price skyrocket by 240% this year with a high of $60 000 so far in 2021. And then falling by about 40%. Sure, that sounds crazy but, its still higher than what it was. So if you bought in at 60K, be patient, HOLD tight.
even in a day and by that I am a few thousand dollars up or down, many times a day, so if you were to do day trading this isn’t a bad way to make money.
But wait a minute, what if the price of bitcoin stays down?
I say don’t worry, if you look at Bitcoins price trend, you ‘ll see that no matter when you buy Bitcoin and even if the price of bitcoin goes down, just wait, HODL as they say. The price will bounce back up and give you a profit.
and showcased its digital wallet called Chivo with a government $30 bonus in the wallet and Chivo ATM.
Although El Salvador’s roll out was plagued by maintenance down time with both the Chivo wallet and ATMs. An enormous rollout like legalizing a new currency and its infrastructure was bound to have issues that I have no doubt will be smoothed out in time.
This legal adoption will only bring good things for Bitcoin, Bitcoins worth and cryptocurrencies in general. Other counties are sure to follow El Salvador’s lead.
There are all sorts of bitcoin price predictions out there from professional analysts, day traders, diehard HODL crowd and speculators. If anything is for certain, Bitcoin’s price history has a proven track record of climbing.
‘$500,000 In Five Years’—Elon Musk And Tesla Devotee Cathie Wood – Huge Bitcoin And Ethereum Price Predictions
Celebrity Kevin O’Leary from the TV show Shark Tank star predicts "another trillion dollars’ worth of Bitcoin buying" He has said he will increase his investment into crypto from 3% to 7% by the end of 2021.