Bitcoin is like a roller coaster ride.

in steem •  7 years ago 

        Bitcoin is really like a roller coaster ride. It  goes up and it goes down.  Just go for the ride and  enjoy it.  You must understand that bitcoin / cryptocurrency/ blockchain technology is here to stay.  It is the future and is now just beginning to hit mainstream.  So much news and  talk about bitcoin  in  news medias.  Getting favorable remarks as well as naysayers who believe that it is in a "bubble" and is unsustainable.  A new person can easily be overwhelmed with all the news or even  trying to understand  bitcoin/ blockchain technology.

         One must really educate oneself  to learning bitcoin and blockchain technology to really understand its practicality and benefits and how it will transform  the financial world as well as so many other industries.  These are the basics that the masses must learn and become aware of.  Education will play a key role. With this , people can better understand that bitcoin is a revolutionary progression that  can't be stopped.  That it is a not a fad. It will be adopted and become a major factor in  the business world and  of course in people's lives.  A societal transition is taking place . And  with this educational foundation, people can become  better investors and  can better manage and deal with  the volatility of bitcoin and all cryptocurrencies. 

          But with this volatility, one can  profit massively.  To not fear the volatility but to profit from it. Education is the key  to improve one's trading decisions for max profit.  It's really just a matter of researching what cryptocurrency one will invest in.  To pick one that one believes  has a project that will be applicable and beneficial in the future.  A matter of doing due diligence. One can start with the top 20 list in coin market cap. Then just buy and hold and be patient.  But it starts with the basic premise that BTC/ blockchain technology is here to stay and is the  future.  With this belief ,  an investor can better manage the  downturns as part of  a natural progression. 

           In fact, an investor will get to the point that  buying  on the "dips" and increasing their positions in the coin they believe in will pay off in the long run.  Bitcoin is a great example.  Recently went down to a low of $10,500 but has bounced back to $16,000.   Buy low and increase your position accordingly.  Understand the principles and  enjoy the roller coaster  ride  of  Bitcoin/ cryptocurrency. 

            Again guys, not a financial advisor, nor am I giving any financial advise. These are just my opinions, speculations and insights  concerning  BTC/cryptocurrency.  You need to do your own due diligence and  make your own decisions.Make sure to use only funds you can afford to lose as Cryptos are very volatile and speculative to say the least.  

            Comments/ insights  greatly appreciated and welcomed. I upvote  comments with good content and insight. Happy  New Year to all and may your trades work in your favor.            



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Nice. Thank you

Will the bitcoin be $ 20.000 bucks?

My opinion, I think Bitcoin has a very good chance to reach 20,000 in 2018

Haha yes bitcoin is kind of a roller coster ride.