I think there's a good chance of a correction below $700 in the next week, but there are no guarantees.
The typical behavior is a sharp rise, panic buying, a quick sharp dip, panic selling, then a quick recovery to a point somewhat higher than the previous base. It's hard to predict, but we might see a peak around $1100, a dip down to $600, and a recovery to around $900.
You could place limit buys at $500, $600, and $700. That gives you an excellent chance of getting in at least a bit, and the possibility of getting some of it at a great price.
Spread.. best all in all with this volatility.
And with other currency, i think its just risk = reward. They can rise hard and even fall hard if bitcoin get hit.
Its just like Gold and silver, if you are familiar with them.
