Message Board Archives

Bitcoin has soared 60% this year. Meet the new buy-and-hold investment

Bitcoin prices have surged nearly 60% to about $6,000 after plunging almost 75% in 2018.
Sure, the cryptocurrency is still far from its all-time highs of just under $20,000, which it hit in December 2017. But crypto investors are increasingly optimistic that the bitcoin (XBT) bounce of 2019 is real and that it and other cryptocurrencies may enjoy a steady march higher.

It may be tempting to declare this year's bitcoin rebound as another sign of investor insanity. "Uh-oh: Investors are doing it again. Cue the sounds of a bubble being inflated. All we're waiting for now is the inevitable pffft as the bubble pops."
But bitcoin may finally be trading at an appropriate price.

Link Text

Whey is dat Snoopy?

In reply to sgtdjones

So going from $20,000 to $6,000 is a positive thing?

In reply to nick2020

I don’t recall it ever being at $20K this year.