How Not to Speculate on Bitcoin

It appears the year has started with positive bitcoin movement.  For those of you who regularly watch bitcoin, you are experiencing multiple episodes of deja vu.  We've seen this before; the price steadily increases over a short period of time, a few mild investments are made, and then the market is flooded with last minute speculators employing the "buy high, sell higher" strategy, which of course ends in disaster for them as well as everyone else.

Here are a few tips to remember before you become crypto-crazy and the market starts to bubble again:

1. Get in before the price curve starts to exponentiate (Buy low, sell high)

2. If jumping in while the price is rising rapidly, invest long (In the bitcoin market, that could be as little as a month)

3. Buying a ton of cheap alt coins will not make up for missing out on past bitcoin rushes