BITCOIN - The Next Boom, Is It ?

CRYPTO CURRENCY

There are many cryptocurrency like BITCOIN, ETHERIUM, LITECOIN, etc available in the market and are growing in a rapid state.
In-fact you do not need a complex strategy to trade now, just any indicator whenever giving a bullish signal, just enter it and gain profit .

But the problem is most broker are still not allowing BTCUSD or EURBTC or any such pair to trade, as this period is easy money fro anybody with capital to invest.
And the most scary part is how long this boom will rise and when we can find out that the bubble is about to explode ?
If bitcoin price is getting ready to touch $50000, and we are not investing currently then we are at loss as we are sitting ducks.
But what is bitcoin crashes suddenly and price return back to its old average price of $500 then we are still looking at major risk.

So there are multiple ways to approach this issue.
1. First, approach is: trade popular cryptocurrency. Do not take it as investment and hold to it.
2. There are many new cryprocurrency approaching which are not known to mass public yet. Invest in then if possible, as their price is very low so risk is negligible. Recently one company is claiming to guide in that scenario. One of my friend is into it, but i still don't trust it. Currently it is making money but at the same rate as the current boom. So chances of its collapse may triger. Still if you want to investigate yourself, here is the link.

What are your views on cryptocurrency trading ?
And If you want to automate that trading with your EA, i have a different thread for it. Check it too.

A lot of people have made a lot of money just buying and holding, do you think they will be able to keep it or begin to try to trade it bigger and lose some or all of it?

From what I;m learning from my mentors at FreshForex, I think bitcoin could correct itself massively to the lower side before rising back up again. I think most people are switching to Bitcoin Cash instead of bitcoin Core

I too feel the same way. Bitcoin is the currency of the future. As long as people seek freedom, bitcoin will never die. But a sudden rise in its current price is a bit concern. Seems as if big banks and institutes are pulling the price high in the background, so that they could sell at a very high price and make it partially crash. At that moment general public will sell their bitcoin in fear and the bigger banks will get hold of bitcoin in a cheaper price and continue to keep their control in the global financial market.