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The way Ive always looked at it, its always went up but ive bought some at high and some at low and ive never risked anything that I cant afford to lose and looking at hold long term is the other way to be sure.
Ive bought some ALT coins that the arse has fallen out of and some that have made me great money off so its a risk.
I did buy some more last night when it dropped to 21k as I had money from something else i sold sitting in my account.
konastab01-
I don't mean bitcoin as a whole is a nice way to lose money (although it is obviously insanely risky). I mean specifically analysing the price chart from the past to try to speculate on the future price.
Unless you've got insider information or a few m/billion and some PhD maths nerds working on it for you, that is.
frankenbike
It's a thing, as in, a nice way to lose money
Edit: bit flippant. Obviously if you know what you're doing you can make money. But most likely some big bastard with millions sloshing around is going to take your money off you.