Is it still possible to make money with Bitcoin?

I have lately seen questions in Quora and elsewhere, asking if Bitcoin is dead when it comes to making money with it, or is it still possible to make money with it. I remember around a month ago the price of Bitcoin was in area of $2500. At the time of writing this the price of Bitcoin has gone up to $4135.

So a simple answer would be - yes, as the numbers show, it's still possible to make money with Bitcoin. However, you do need to remember that Bitcoin is very, very volatile. Because of its volatility, it might make you a lot of money, but at the same time, it might lose you quite a bit as well. Bitcoin could theoretically drop to $1500 tomorrow or go up to $5000 later today.

There are different opinions about where Bitcoin is headed, some people say the price of Bitcoin is way too high already and should be going down any moment not. At the same time, others say that the current price of Bitcoin is still just a fraction of what it could be.