Bitcoin Has Dropped From Its All-Time High of Over $68,000. What Investors Should Do Right Now

<p>On Nov. 10, Bitcoin, the world's first and most popular cryptocurrency, hit a new all-time high of more than $68,000.</p> <p>Bitcoin's previous record high occurred in October, when it came dangerously close to reaching $67,000. Prior to these recent highs, Bitcoin saw numerous ups and downs since its November high — including a July plunge below $30,000.</p> <p>Despite the new high and continuous volatility, analysts continue to forecast that Bitcoin's price will surpass $100,000 this year.</p> <p>What Are Bitcoin Investors' Responsibilities?</p> <p>A new record high does not imply Bitcoin's volatility is finished - in fact, experts predict it to increase.</p> <p>"Because it is a fledgeling sector, it is extremely volatile," explains Theresa Morrison, a certified financial planner with the Beckett Collective. As such, Morrison advises keeping your investment small enough that the "crypto tail" does not wag your financial dog. In other words, avoid investing so heavily in crypto that the currency's excessive volatility wreaks havoc on your overall portfolio.</p> <p>As a general guideline, experts recommend that speculative investments — bitcoin, speciality ETFs, and alternative assets — account for less than 5% of your whole portfolio. Additionally, it is critical to never invest in bitcoin at the expense of other financial goals, including as retirement savings or debt repayment.</p> <p>However, if you've already done all of these things and are wondering what to do in the aftermath of Bitcoin's newest new all-time high, the answer is simple: do nothing. The future of cryptocurrency is expected to see further volatility, so long-term investors should hold on to their currencies and avoid being swayed by the hoopla around these daily fluctuations.</p> <p>"If you believe in Bitcoin's long-term potential, simply avoid checking on it. That is the wisest course of action," Humphrey Yang, founder of Humphrey Talks, previously told NextAdvisor.</p> <p> </p> <p><a href='http://paypal.me/cryptopirates'>Suppo