Faisal KhanAnswered Jul 2, 2016The value of bitcoin really doesn't matter to many who just use it to either trade and cash out instantly or use bitcoin as a payment rails. The price could be $1 or $10,000 it wouldn't matter.
What is disturbing for the 10,000s of speculators who are hoarding their coins in the hope of making it big, is the downward price trend that has been existing for the past couple of months.
Speculative investing in bitcoins at best is going to be a 50/50 game for you. Either price will go up, or down. You'd probably have a better chance to make more money (imho) in day trading of Bitcoin on margins, than holding on to BTCs and waiting for the price to jump.
What is disturbing for the 10,000s of speculators who are hoarding their coins in the hope of making it big, is the downward price trend that has been existing for the past couple of months.
Speculative investing in bitcoins at best is going to be a 50/50 game for you. Either price will go up, or down. You'd probably have a better chance to make more money (imho) in day trading of Bitcoin on margins, than holding on to BTCs and waiting for the price to jump.