Bitcoin bumping up bringing back the investors to the market

For the past two weeks the pice of cryptocurrencies have been good compared to the previous months. Bitcoin suddenly bumped up crossing 5000 $ threshold. It was a great surprise for us because increase in the price of Bitcoin is a great news even for the alt coin holders. The reason is because it will influence the increase in price for other alt coins as well.

I have invested some considerable amount of money on many alt coins as well. I don't currently have any Bitcoin holding as such but I'm really thinking of holding at least few fragments of Bitcoin to utilize the market bump. There are few other currencies that I'm currently holding and unfortunately they are not currently in a good state. I'm expecting them to bloom along with Bitcoin when Bitcoin is trying to reach the moon. My dream can be unrealistic but do you think people back in 2008 would have imagined the current price of Bitcoin? The increase in price of Bitcoin has drastically created many multi millionaires.

For the past few days I see some interesting things. During the previous bull run of Bitcoin, we formed a WhatsApp group to discuss a lot about cryptocurrencies and that is when I started my journey on Blockchain as well. There used to be lots of discussions and planning during the peak time of Bitcoin and listening to few hypes that were created, some of my friends invested huge money on Bitcoin and other alt coins. They didn't even care about how the returns will be and blindly invested. But when the bubble break happened, they all started worrying and few people came out of the market with a huge loss and some people are still in HODL mode.

Interesting thing here is that, these friends are in the WhatsApp group and they keep their mouth shut most of the time and there was no activity in the group after the price fell. But whenever there is a short increase in price they wake up and start talking. And after few days when the price goes down again, the group will again become silent. For the past few days after the current bump up, there are many discussions going on in the group and I'm also providing my inputs. These guys are pure traders and they don't really care a damn about writing contents and making money. But I did explain them the possibilities to make some money by playing games. They are very much interested with that. Let's see how it goes.

Image source: Screenshot from Coinmarketcap