Bitcoin is a strange animal. It exhibits many traits of a Black Swan (an event that comes as a surprise, has a major effect, and is often inappropriately ration

Bitcoin is a strange animal. It exhibits many traits of a Black Swan (an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.) The switch to believe in its value happens suddenly in many people. It is difficult to make sense out out of its price movements. I am skeptical of any advice trying to rationalize its price movements. Do your own diligence on how it works, your risk tolerance and stay long.