Even the blind can see that crypto Currency is making people millionaires all over the world just because they present the holders of such currency with the financial freedom and opportunity to accrue large amounts of wealth base on currency investment . But my question is that, is it late to buy bitcoin? Should i wait maybe bitcoin price will decline after 1st August meeting? Please i will welcome your advice so that I can make my decision on crypto currency investment.
There is no way of forecasting the future with certainty, or even by making historical comparisons.
We are quite possibly in a bubble, like the dot-com one.
There are also no independent, long-standing and well regarded or respected institutions backing bitcoin or alts in general (maybe ripple xrp).
It means no bail-outs, little chance of recovering stolen funds (possibly made in a pump), and regulators that regulate nothing very much, but loom over bitcoin especially threatening to tax you.
Bitcoin especially, but numerous altcoins are controlled by people that are unknown to us, and if these are in agreement, they can control the market completely.
But maybe it will continue forever more.