Are you buying to hold for long term?Very volatile and viscous movements, on June 19 it dropped $850 in 5 minutes,staying long is ok as long as you use a trailing stop loss.I only trade shorter term and always use a stop and stick to it.
Is there any theory or reason whatsoever that I can assume the Bitcoin will be going up or fall suddently?
Just looking at the past few weeks or month to two months it's been going up.
Still not clear how it works, or if there is any theory behind it?
To me it seems like playing the lottery and it's a hit or miss, while here chances might be a little bigger, hence you saw it going up and up, so you can assume it will continue to increase.
With a lottery ticket, 50% you win, 50% you lose.
While with these bitcoins I would presume that'll continue going up.