Today's Hard|Forum Post
Today's Hard|Forum Post

Sunday August 13, 2017

Bitcoin Has Passed $4,000

It was only last week that Bitcoin passed $3,000 for the first time, but now it’s trading at over $4,000. Some say that the creation of Bitcoin Cash and the adoption of SegWit (which allows for more transactions) were responsible for the recent surge, having boosted confidence in the cryptocurrency’s future. Wall Street’s obsession with Bitcoin and its constant reporting may also be fueling the craze.

News Image

So what happens next? No one knows. Bitcoin could crash 50% to $2,000 tomorrow or spike to $5,000 - and I don’t think anyone who truly knows crypto would be surprised at either option. Everyone has a different opinion - some say the bubble is oversized and should have popped months ago - others think that bitcoin is currently just a fraction of what it could eventually trade at. Whichever camp you fall in, here’s one friendly reminder: don’t invest more than you can afford to lose - because if you ask anyone who’s spent more than a few months in the cryptocurrency world they’ll tell you it’s a roller coaster.

Discussion