Bitcoin could be heading to $6,000 by year-end but brace for volatility, experts say

in #bitcoin7 years ago

I am seeing a lot of people suggesting jumping aboard the bitcoin train to make money on appreciation of the currency.
Bitcoin is no different to any kind of market speculation.
It is a form of currency that goes up or down against other currencies. It's price like a share or any financial instrument such as those that triggered the GFC can go up or down and can be manipulated by people who's coffers are deep enough to toy with the market and the ordinary investor.
Some people champion it as the people's currency, but it is every bit as easy to manipulate as everything else in investment speculation. Clever well educated traders who have a good understanding of the instrument and the market may be making some good money right now, but I long ago gave up on making money that way. Ultimately there are crashes that blindside even apparently intelligent people.
There is no value created in the world by a rising Bitcoin, there are only winners and losers on investments, and across a period of time the game needs winners and losers to work, given that investment markets are always cyclical.
I choose a life today where I can make a difference in other people's lives in all kinds of ways, and they so deeply value it, that they embrace it to a degree the world has never seen before, because there have seldom been businesses with the integrity of the one we work with, and their have rarely been products so profoundly beneficial with appeal so broad that it can be considered to be barely out of the gate. Add to that the beauty of the community, the freedom, the choices it gives us, I have never felt so blessed.



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https://www.cnbc.com/2017/10/03/bitcoin-price-heading-to-6000-brace-for-volatility-fork.html