i met a guy who is a trader. he was like a cross between a mathamatician and a painter/artist.
he didnt make money off trading against popular highs and lows of things like bitcoin.
he made money off predicting stock prices that were low and going to climb.
once you hear about it in the news paper this guy had been and gone and made his 20 to 30 % and had already moved off to something else to make another 15% to 20% on top...
with no real losses.
total artistry with mathamatics base.
he was constantly studying the market.
people hoping to double their money or even triple their money in things like bitcoin are gambling their money like someone in a casino.
you have to be able to afford to be able to lose it all before you enter the game.
if you cant afford to lose it all. you should not be in the game.
its that simple.
what you want to know is old data
what was bitcoin previous stable value prior to the speculators throwing millions of dollars into it and making the price jump.
did you buy in above or below that price ?
have you made more than 10% to 20% already ? if so will you let greed risk you loosing everything ?
sometimes the hardest lessons are only learnt after you fail.
my rough memory is that bitcoins rough bottom line value was around $1,400.00 prior to the large increases due to speculators throwing money into it to fake the average person into buying it to inflate the price so they could then sell their bitcoins for 100% return(twice the price they bought for) then walk away, while the average schmuck then takes the loss of 50% before they pull out and the price crashes to below its original basic bottom line.
my guess is the real value being probably around $2000.00 so if your willing to risk losing everything then play with your money.
look at all the election tampering via hacking etc that has gone on.
that is what bitcoin is at risk to.
1 really good hacker or group of hackers can mess around with its value, make millions and then crash the price wiping out billions of dollars.
only then will the average mum and dad investor then complain and say they were ripped off, when in reality they were gambling from the very beginning.
its a total dice roll.