Thursday, December 07, 2017

Bitcoin Passed $15,000 Today

I have been watching the incredibly impressive rally of the Bitcoin for the past several weeks and I have been reading various opinions about it.

Some are very enthusiastic about the cryptocurrency, going to the point of saying that it may eventually be used as a regular currency – in place of some regular currencies even.

Others have been skeptical and others yet – have called it a balloon that will burst eventually. My opinion is more in line with the “balloon about to burst” idea. Some traders have certainly profited immensely from this rally, but it cannot continue indefinitely, and when it does end the subsequent crash, I think, will be just as impressive.

What is your opinion on the matter? Would you trade Bitcoin?