Yeah, I'd say it's time for a correction at some point in the near future. Such a huge run-up...people are bound to take profits. Several people. Can't go exponential forever.
Not saying Bitcoin's not a good long-term investment. But let's not be shocked if/when the price falls precipitously (and temporarily) before too long.
To maximize its profit, we should know how to "play" in the field. The very common "buy low, sell high rule" is very effective in this arena. When the bitcoin drops, then start buying bitcoin and sell it when the price goes up. :)
Certainly you are correct. Except I prefer to buy (preferably at lower prices) and hold.
I find it amusing, though, how people get euphoric at short-term gains, then panic over the inevitable correction.
"OMG the stock market lost 10% today!"
"Did you sell?"
"No."
"Then why do you care? Doesn't affect you - but probably you should buy."
"Uh...never thought of that."
People are silly. :)
Absolutely agree with yah, Bitcoin bullrun has a trend. There will be correction everytime it hits the ceiling. Following this trend and using the buy low - sell high method, we can maximize the profit.