From 5000 $, Bitcoin shortly rised up to arround 5855 $ over night. Many are now wondering if this trend will continue.
In the past year, Bitcoin had a rise of arround 420%. Still the fluctation is very high but still positive.
According to Christine Lagarde, CEO of the IMF, we shall not let the posibility pass to invest in Crypto Currencies. Also JP Morgan, changed his mind regarding Bitcoin. The IMF is also taking into consideration, that they might present a crypto currency of their own in the upcoming years.
However the question remains, is Bitcoin save? Chinese brokers are investing high ammounts of money into Bitcoin, this might change after Bitcoin and Bitcoin Gold will pe two seperated currencies.
I would recomand if you want to invest in Bitcoin, do it now and do not keep it for to long. You might lose half of your invested money pretty quick. On the other side the past rise of the Bitcoin, could make the currency and marked very unstable. Some investors might retread from the Bitcoin soon, due to high volaty.
Another factor which might concern many is that big players might ruin the market and the values of Bitcoin and all other coins. Here an example from history might be the tulip mania. Big players invest allot of money and cash out at the peeak, leaving small investors with little to nothing to earn.
For all who have not had any experience with crypto coins, a friendly reminder from my side, DO NOT SPEND ALLOT OF MONEY IN THEM. Spend arround 1000 $, but not more, if you are really interested to see how it is working. Your risk to lose the investment is very real. Bitcoin had become more and more a gambling currency.