Investing

Might Bitcoin shoot  upwards?

Looking at the last few months, comparing the exchange rates between Bitcoin, the Australian dollar, the Euro and the US Dollar, as well as the news in India, Europe and China, there is tension visible on the trading charts. 

Traders and investors seem to be jostling for positions and placing their bets. It seems optimistic to me. There's a heightened probability that Bitcoin is about to strongly push above its current price.

Bitcoin Vs AUD as at 16 June 2016

I heard about Bitcoin around 2012 but I just sat and waited to see if I would hear more of it. 

I really got interested about Bitcoin when I heard an interview of an entrepreneur starting a business providing Bitcoin services and his reasons for why it is a good currency. 

Bitcoin is a long term play for me. By long term, I mean one, two or three decades. It is not something I want to trade on a weekly, let alone daily basis. The spreads are too far apart in relation to its daily movements. 

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