How To Decide If Bitcoin Is Safe For You To Trade

How To Decide If Bitcoin Is Safe For You To Trade
AP Photo/Mark Lennihan, File

Is Bitcoin a great investment opportunity or a risky bubble waiting to burst like 1637's Dutch tulip mania? Bitcoin's run-up has grown famous. Late Thursday morning, the digital currency was trading for more than $19,000 on exchanges in South Korea, before closing around $16,600 on Bitfinex, a large cryptocurrency exchange. The $19,000-ish price was up more than $5,000 in less than 24 hours. It was up from $12,000 at the start of the week. And it was up from a little more than $1,000 on Jan. 1. Not to belabor the point, but in 2016 alone the currency gained more than 100%. Still, in Friday morning trading  the cryptocurrency had fallen 7%. And now, in the coming week, in addition to the exchanges already hosting Bitcoin trade, Cboe Global Markets and CME Group will launch Bitcoin futures contracts. So, should you pile into Bitcoin? If so, where can you buy it? How would you buy it? How would you sell it? Bitcoin Skeptics Bitcoin has many skeptics. Acclaimed investor Warren Buffett

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