Bitcoin surpassed $12,000 dollars per single bitcoin today in Bittrex alone. This something that either a good news or a bad news to some people especially the altcoin holders where they would sell their altcoin with lesser BTC than if BTC is much cheaper.
Some people will just be happy to see the value of BTC to rise and rise probably because they had bought at lower prices and will just sell when BTC hits a price that they plan to sell maybe at near sub 17-20K per Bitcoin or just hold it for as long as they can until they needed money if they cannot find it anywhere else.
I just for myself plan to spend my bitcoin if I have no more money to spend because my plan really for it is to sell it if the price would go to unimaginable prices while considering the time that I will spend it as well.
Investing in BTC is really one of the best thing to consider since our fiat money is not a good way to store our wealth because fiat will often fail and also there is an inflation where prices of things goes up year by year and our money gets worthless over time.
But Bitcoin only has a limited supply, some of it were lost forever and also there is this halving occurrence which is the cutting down of the coins that get mined in half which is contributing to its scarcity and value jump. Now as new people learns about bitcoin everyday the scarcity is even fired-up some more because most will just buy and store them as an investment to get sold at a later time when BTC gets into a much higher value.
So you will never go wrong with bitcoin even if you invest at these prices because it is certain that in even short-term projection its price will rise which will give you profits that you cannot imagine especially if you hold your bitcoin for five to ten years from now and surely enough you can retire at a younger age if you have invested more in BTC in particular.
Disclaimer:
All the statements that I had discussed here are not financial advice and not to be believed as facts. Please do your own due diligence and research before venturing in a highly volatile financial instrument such as cryptocurrencies.