RE: Bitcoin!

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Bitcoin!

in investors •  7 years ago 

I wouldn't say its a waste of time when most people seem to have no understanding of it. It's relative stability is a good marker for now.

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Yep very true! Stable at 2500 is good I'd say! I'm sure it will shoot up at some point! Some say as much as 25000 by year end but I'm not sure about that

25K by year end looks too optimistic, I would say it would end up somewhere around 3.5K max. Some people think that it would go up till a hundred thousand by 2020 but then let's wait and see.

2020 is when the mining capacity reduces by half so it will jump by how much no one really knows

Yep, I am just investing small amounts each month and looking the other way so that I wouldn't be bothered by the price rise and fall.

lol yeah look the other way is probably a common thing with cryptos they are just so volatile! You are doing a good thing investing smaller amounts in a regular basis it's like dollar averaging for cryptos

Hahah... yeah.

By waste of time, I meant that it is a waste of time to check its price as it is not stable. The best thing to do right now is to just sit and wait.