Bitcoin rising so fast

[lysanderspooner]

I want bitcoin to succeed but it's rising in value so fast is it even wise to buy now or just let what you have in your wallet stay and ride this out? I want to invest more in a few days but due to the price increase it's getting to be "too much" and I would hate for it to all the sudden fall in value. So, are your thoughts on this? I know this is new to everyone but what do you feel? Thanks.

[rogue13]

who knows... but historically these sudden falls are never greater than the quick rise leading up to them. The overall trend is still up despite the sudden drops. Are you looking for long or short term gains?

[lysanderspooner]

Long term, but I don't want to invest too much when things become so volatile. I understand the current climate and this week could be a big deal. Just don't want to lose too much this week.

[MicroGuy]

So, are your thoughts on this? I know this is new to everyone but what do you feel? Thanks.

I think we're headed for a sharp correction in the coming days.

[sunnankar]

I want bitcoin to succeed but it's rising in value so fast is it even wise to buy now or just let what you have in your wallet stay and ride this out?

Bitcoin is tiny compared to other assets, currencies, economies, etc. There is a lot of room for the price to move.

[botolo86]

I think we're headed for a sharp correction in the coming days.

I am not sure about that. It seems like tomorrow the US Senate will receive some positive views on bitcoins from federal agencies and I think this will pump up the value of bitcoins.

I would love to buy as well, but this value is crazy.

[lysanderspooner]

Yeah, thanks guys. The value is just rising and rising. But I don't want to bring it down either. I do have confidence in what it's about. I believe in it, but wow the value is skyrocketing to a point it feels dangerous, so these are VERY interesting times.