Investment tips from the Bitcoin Ambassador:
The 1st surge was from $227 to $247;
The 2nd surge is to $280, all within a merely 2 months.
Now you know why a fluctuating market is good.
Is a third surge to over $300 coming?
It depends on bitcoin related marketing activities like social funding.
After all the market liquidity of bitcoin is less than $100 million, which is not a lot of money, and a strong mass market demand could drive the price up.
However do take note of the opposite force pulling the price down from the major miners.
Bearing in mind bitcoin per block is to be halfed from 25 to 12.5 in 2016, which is just a year away.
With higher prices more miners will be encouraged to join in the race thus spreading the share thinner.
With the latest mining equipment and assuming the difficulty remains unchanged the average cost per bitcoin will be under $200. The major miner could be tempted to dump the price down just to eliminate smaller players, accumulate more bitcoins before driving the price up again to maximise profit.
In any case, always prepare to have at least 3 hands upwards and/or downwards to catch the trend both ways.
If you can afford to hold, with patience a speculative margin of 30% per year is not too hard to achieve.
