Bitcoin has been controversial since its inception. As the big brother of cryptocurrencies, its price is like a roller coaster—sometimes it can soar dramatically due to news stimuli, allowing early birds to make a fortune; yet, it can also plummet by several percentage points within days due to tightened regulatory policies, trapping many who chased the highs.
Its fluctuations are never solely based on its 'intrinsic value': an interest rate hike by the Federal Reserve may cause it to drop alongside dollar assets, while a major institution suddenly announcing an increase in holdings can drive the price up; even a rumor on social media can stir up short-term turmoil. This makes it a double-edged sword—some have made big profits through precise judgment, while others have suffered losses after blindly following trends and getting caught at high prices.
For ordinary investors, rather than fixating on predictions of 'how high it can go', it is better to first understand: do you comprehend its underlying logic? Can you withstand volatility of several tens of percent? There are no guaranteed profits in the market, especially with Bitcoin. Instead of being led by emotions, it is wiser to do more homework and understand the mechanisms behind the ups and downs—after all, those who can stand firm in the storm are not relying on luck, but on clear judgment.
