With markets volatile and stress levels soaring for cryptocurrency investors, what should Bitcoin traders do in 2018? Bitcoin (BTC) gave a stellar performance in 2017, opening the year at $966 and (almost) ending it on a massive all-time high of $20,000. Even though it came quickly down, Bitcoin has still beaten every other asset class by an appreciably large margin.

Expert opinion is divided. The more aggressive faction, the market bulls, have predicted targets of over $60,000 per token for 2018, which would be a 300% increase on December highs. On the other side of the trading floor, the sceptic bears are still loud in questioning the cryptocurrency’s valuation, calling it a fraud, craze or bubble.

Some analysts are expecting wild market swings in 2018. An outrageous prediction by Saxo Bank suggested the $60,000 high, albeit followed by a subsequent drop all the way back down to $1,000. Julian Hosp, another cryptocurrency entrepreneur, also believes in the $60,000 high, and that Bitcoin prices will subsequently fall to $5,000. Hosp’s difference in opinion is that he doesn’t know which will happen first.

With such differing predictions, it makes profitable trading difficult, even with a regulated futures market. The bottom line is that the cryptocurrency market is still too young for any predictable behavioural patterns to have developed, and everyone must take their chances.