Since Bitcoin became a little popular in 2012 everyone has been saying that it is volatile. I always hear mining and trading is not profitable. I have proven them wrong and i have figured out a way to invest wisely. I study two things one of them is the history. The second thing i study is current events and possible things that could happen for Bitcoin and the entire Crypto Currency industry. If you pay attention and study the history of this currency you will see a pattern. Bitcoin is up and down and it has been since the birth of this crypto. The question you have to ask yourself is has it really been down?
Lets take a look at history in 2013 after the massive spike to $1300 it dropped steadily to $221 a little over a year later. The question is did it really fall or increase in value? Lets answer this question by taking a look at what the price was before the spike. October 3rd 2013 2 months before the spike the price was steady between 108 and 118. The price in 2015 when the drop came to a halt was $221 still over $100 dollars higher. Do you see what i mean about it becoming more valuable even though it took a massive drop? By January of 2016 the price was back up to 375 and we have never seen the original low resistant of $118 or the second one of $221 ever again.
Recently the price has been affected by world events. China Yuan depreciating is causing the price of BTC to rise. If the price passed 700 and goes into the 750 range and holds steady i think we will find a new low price of 700. In recent weeks that price was 600 and i don't believe that we will ever see the 600 price again. The price will just keep going up! Bitcoin is expected to shoot up again in October of 2017. If we see the same % Bitcoin could go up to 10,000 per one coin. It will fall again like it did before but well over 1800 a coin. Is Bitcoin the rite investment? Is it really volatile? What do you guys think about this?
I hope my topics are helping you understand the behavior of Bitcoin so that you can make the rite investment. As always thank you for reading please don't forget to follow me and like the topic.