Bitcoin future predictions🤔

Billionaire investor Warren Buffett says cryptocurrencies are headed for trouble.

"We'll never have a position in them," Buffett, chairman and CEO of Berkshire Hathaway, told CNBC's "Squawk Box" Wednesday morning. "I can say with almost certainty that they will come to a bad ending."

If those ominous words aren't enough to stress investors out, earlier this week, the popular cryptocurrency ripple plunged almost 13 percent and bitcoin shed nearly 8 percent of its value
Bitcoin's volatility is part of what makes it irresistible, said Willemien Kets, associate professor at the University of Oxford's Department of Economics.

"We know from social psychology that the best way to get people hooked on something is to give them a reward on a very uncertain time frame," Kets said.

Don't fall into the trap. Checking the value of cryptocurrencies constantly is unproductive, Kets said.

"You can't do anything about the price movement itself," she said.

Instead she recommends people decide on a price point at which they'll sell — say, if the asset drops below $10,000 — and set their phone to alert them at that threshold.