Bitcoin $11,000:An 11% Gain in 11 Hours
Bitcoin $11,000: An 11% Gain in 11 Hours is the stuff of legend and Bitcoin is nothing if not legendary. In some markets like Japan and South Korea BTC is now at $12,000. Clearly, Bitcoin is going nowhere but up. Lately, the cryptocurrency has been breaking through psychological as well as symbolic price barriers every few days. Picking up speed since the weekend it took Bitcoin a little over two weeks to go from $7,000 to $8,000, just a week to reach $9,000, and only two days to rise to $10,000 then $11,000 and beyond.
Bitcoin $11,000:An 11% Gain in 11 Hours could be a “movie of the week” title yet somehow I don’t think the screenplay can be completed as yet. At the current rate of price growth a $1,000 or even a $2,000 price gain in a single day is entirely possible. Case in point; Bitcoin went from $10,000 to $10,660 within a couple of hours. Bloomberg just published an excellent article encapsulating the thinking of some of the foremost cryptocoin experts. The most frightening feedback, if you could even call it that, is some experts are expecting a market correction which will lead to a buying opportunity (see Buying Bitcoin on a Dip) which will lead to a rapid price rebound. Like always.
No Bitcoin bubbles here. Nothing to see. Move along.
New investors to Bitcoin are still sitting on the sidelines but itching to get in. The most common question floating around the Internet runs along the lines of “Is it too late to buy Bitcoin?” Hell no.
Price predictions for Bitcoin peg it at $40,000 or even $50,000 by the end of 2018 depending on the digital currency expert you ask. Seeing Bitcoin $11,000:An 11% Gain in 11 Hours should be proof enough for any cryptocoin investor — novices and veterans alike — that buying as much Bitcoin as possible as soon as possible is the smartest possible play.
Remember: Any investment comes with risk. In as much as Bitcoin has an incredible track record and a very bright future, any Bitcoin investment is putting your money at risk. Do your own research, assess your own tolerance for risk and buy only as much Bitcoin as your budget will allow