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Should I buy Bitcoin

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  • Should I buy Bitcoin

    One of the things Bitcoin is known for is its volatility. It’s no stranger to huge and rapid rises as well as dramatic declines. In mid-December 2017 the cryptocurrency reached its all-time high, surpassing the $19,850 mark, only to crumble and fall below $12,000 within mere days and drop below $7,000 by February. At some point, it’s value dropped by a whopping $2,000 in a single hour.

    There’s no telling what Bitcoin’s price will be in a years time. It could, in theory, drop down to almost zero, it could stay roughly the same as it is now, or it could rise again, doubling, tripling, quadrupling in value or soaring tenfold. No one can accurately predict what’s going to happen, no matter how well they understand the technology or how much market analysis they’ve done.

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