Trade of the Year: Bitcoin

If you want to trade Bitcoin, check out our forex courses at InformedTrades.com


Personally I haven't been a believer in a Bitcoin, and I remain a bit skeptical of its long-term prospects.

But there is no question Bitcoin has been an enormously successful investment for some, as the chart below illustrates.




https://www.tradingview.com/x/WLiNVwL8/


How much higher can it go? I'm not convinced it will keep up the rate it has, as these types of charts often coincide with with spectacular collapses, but a contingency definitely has been arguing for much, much higher prices. The chart below, via noahpinionblog.blogspot.com, illustrates.




http://static4.businessinsider.com/i...40.15%20am.png


The US Senate and Homeland Security are set to discuss the currency this upcoming Monday, November 18. How regulators treat Bitcoin will presumably impact its price greatly. It is worth noting, though, that the last time Homeland Security got involved with the issuance of a non-state currency, the currency got shut down and its founder went to jail.

Do you own any Bitcoin? What do you think? For previous discussions on Bitcoin in the InformedTrades community, see our Bitcoin discussion archive.

I like Bitcoin.
It's always entertaining to watch the last poor souls holding the bag before the bust.

I own some BTC but I'm not on a trader level yet. I always believe in BTC than other altcoins out there in the market. I have faith in btc and always looking forward on what more it can do to our society, making everyone's lives easier.

Comment of the year