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Bitcoin and the other cryptocurrencies are a classic bubble. So far only early adopters and the more adventurous hedge funds have become involved. A true bubble will suck in the public and go [even further] vertical before crashing to whatever value it will ultimately find.

However the volatility is tremendous, which makes for a potentially very profitable trading instrument.

The problem is that there are no ETFs, Futures [yet] to trade the cryptos. The only way to trade them currently is via ‘binary options’, which have issues. The key is to trade some sort of set-up signal in a specific timeframe and see how it goes. For the moment, buying the dips is a very profitable strategy.