Bitcoin Forum

Everyday that I can still buy Bitcoin at 3 figures a BTC is a celebration day for me, and anyone with a functional brain that is going long term in Bitcoin. We are able to keep buying at least 1 BTC monthly and keep stacking on the most important asset/commodity/whatever you want to call it, of all times. I pity the short sighted morons that are still wondering if they should buy or not, or even worse, they still think it's "some sort of scam".
Being a pioneer never felt better.

Nice thread, slow gradual accumulation at the current price is great. I'm willing to sit on my stash for at least 10 years, I just hope all this will be worth it one day.

Not everyone is able to buy 1 Bitcoin each month as it depends on your income and monthly costs.
But that's a different topic and I get your point. And that's why you could also continue accumulating when price starts to rise.Instead of being able to buy a whole coin per month it would just be half of it if price doubles for instance. When you're a long term bull it shouldn't matter you that much if price continues to stay where it is, starts to rise gradual or explodes.You will accumulate what you can because you are convinced Bitcoin will be an important part of the digital future and financial environment.

I have the same feeling. we are lucky to buy the bitcoin at $420. I was also luck to buy at $70 in 2013.

yeah, i still feel pretty lucky even though i was stupid and spend thousands of dollars on miners that got delivered too late, or in some cases never got delivered at all.  

i still got some bitcoin, but i could have had much more bitcoin if i didn't waste so much money on miners.

biggest financial mistake in my life.

Nice and honest, I like that.

I have mixed feelings about bitcoin.  On the one hand I think it might be a good investment and the price stability we're seeing right now is conducive to buying. On the other hand, I'm not sure that bitcoin will exist in 10 years.  There's uncertainty in all investments but I'm extremely unsure about btc.

I can only imagine if this thread was like 100 pages deep.

And we see a similar price several years still here, being the same price lul.

1 BTC a month? That is more than a month's salary in developing countries.
Slow and steady is my motto too, but at much lower levels.

I hear ya, OP.  I have a certain amount of my monthly income budgeted for purchasing bitcoin as well. I don't mind that the price isn't "exploding" just yet, as it gives me more time to pick up more bitcoins at a relatively cheap price and add to my stacks.

That is right. I wish the bitcoin price to be lower so that I can buy more before it moves to higher price.

I can understand the doubts, but i[m pretty sure people said the same about credit cards at first, or paper money. Or even gold (when they used barter).

Any change meets resistance, from outside (other people) as well as from inside (emotionally). Only when people start to realize that the change isn't scary, and in face beneficial and makes sense, then will the adoption come.

I think it's highly unlikely bitcoin will die at this point, it has survived so much already I don't know what can kill it at this point.

At the moment the price is being dumped down, so use this opportunity in your advantage and start buying as we speak!!

Thank you for your pity, sir.  I am of the opinion that the halvening is priced in--I'm not exactly a staunch believer in efficient markets, but I do believe in them somewhat.  I don't think you can make money with that kind of certainty anywhere, and that's basically what you're saying is going to happen if you believe bitcoin is going to skyrocket after the halving.  But we'll see, eh?  I'll be in my lawn chair with my sunglasses and a nice cool frosty beverage just watching the action.  Or lack thereof.

What about the 3rd, 4th and 5th halving ;)

We will never see the btc price go To Da Moon ever again. Unless China gets involved in a big way, like it did in late 2013. However, the Chinese became too wise to the manipulations of the bitcoin price by the whales and early adopters. We will never see $1000 bitcoins.

nicely put, i totally agree. although my personal celebration day was a while back when the price was stable at $220 and i could buy twice the current amount and add it to my cold storage.
but i am still happy because of the 2x rise so far and the good future that seems to be getting near.

When the price is low, I have more time to buy the cheap bitcoin. But I hope the price will rise some time in the future.

The price is indeed low long term, but one always has the doubt if it is low short term and can buy a little cheaper, or sell and rebuy lower lol.

If you are just talking about the short term price, then I have to say it's not low and not too high. It's basically a 50/50 case. But when it comes to the long term investors, then I say the current price is in fact low and thus a good moment to enter the market.

The price is trading between $445 to $465. So we can buy at 445 and sell at 465. But we might miss out if the price rises above 465.

That is right. After you sell at $465, and the price jumped to $470, will you buy again or not buy?

that is the hard part about trading this way. you have to make a very hard decision at that point about whether or not wait for the price to come down or buy and wait for the price to higher. and that is not something that anybody can give a general answer to, it differs in different situations.

This is normal in almost all type of trades including bitcoin trading. The elite traders are always those who can make hard and good decision on time.

I've said it before and I'll say it again. Bitcoins will 100% for sure be around in 10 years from now. The only uncertainty will be what they're worth. It could be 5k each or 5k for a dollar but the way the code is written they'll still be floating around assuming that few nodes are running and a few miners keep going.

5k for a dollar would mean that something went completely wrong and can be considered as a failure!
I'm hoping for the completely opposite!Bitcoin known by almost everyone and used by hundreds of million to billions of people, if they will know it or not doesn't matter.
Only one thing is for sure: That crypto currencies can not be stopped.The genie is out of the bottle.And if it shouldn't be Bitcoin, it will be another crypto coin who makes it to the masses.

Got a lifetime of celebrating ahead of you, you lucky boy!

You have to take a long term view of the price. The price of bitcoin has not risen for about 6 months already.

That is right. When the price starts to rise, it will rise very high. I think the next all time high in 12 months.

The price is $478 now. It is going up very fast, about 5% in a day. So there is a possibility the price will go even higher.

The price has gone up a bit too fast if you ask me.

I wouldn't be surprised if we see the price fall back to below $460 again as there is barely any support at these levels.

We will see some correction that's for sure.
Question is when it will happen.I hope we will continue climbing until the end of the week and correct down to 460-470 as the new bottom. And maybe with a bit of luck we will see the $500 before halving.That would be awesome.

we are really pioneers in bitcoin as we are the early adopters.

this is a golden opportunity that anybody who misses the chance of buying at this low price will look back a couple of years from now and regret his decision.

the thing is that china is currently over $500 now and other exchanges are quite behind. if chinese exchanges stay above $500 then other exchanges will come around $10 to maybe $15 closer to china as they are more than $20 behind at the moment. if china falls back to let's say $480 then other exchanges will dip down another $10 to $20. i am already happy if we can see the price stay above $450.

The $500 price is a history now. The price of the bitcoin is around $576 at the moment. It shall rise again in the next few months.

You can celebrate again now. The price dropped from the $760 a few days ago to $630 a few hours ago.

very good topic this is.
i also have the same feeling about bitcoin and the price. the price of bitcoin should in fact be a lot bigger than $600-$1000 and so on.
these prices are just too cheap for bitcoin when you compare it to other things with the same market size and supply.

I like the positivity of the OP. Yes the price is going down and yes bitcoin is worth way more then the price is showing us the charts. But remember Rome was not built in 1 day.
The process of bitcoin from becoming an idea, to a name, to a currency to the most innovating thing we have seen the last 100 years is a slow but steady process.

I am doing the same. I am trying my best to collect the bitcoin. I hope I can get 10 bitcoin in 10 year's time.

Compared to the price in a few years, the price now is very low. So it is better to buy as much as you can.

I think the price now is a good price to buy. If the price drops below $600, that is even better price to buy.

I remember when I wanted to invest 2k€ into bitcoins when price was 400€.. people held me back, saying "noo you will lose it all"... I regret listening to people.

You can still buy bitcoins. Whenever you want. ;)

I did, just at higher price  ;D

well yeah i guess it is better to always think with your own head in order to avoid people telling nonsense, i always buy my bitcoins and i dont care what others say to be honest

That is right. After I bought the bitcoin, I do not watch the price very often. As I am not a trader.

In investing or in any major decision you do in life, you don't listen to people.

@ontopic When do you guys think we'd end this celebration days?

these days are a part of history in the making and since everything is slowed down and everyone is quiet i think everybody is also waiting to see what happens and when changes are going to start happening.
by my guess is somewhere around 1 September 2016 ;D

Today is the celebration day. The bitcoin price dropped 20% at some point as the largest exchange was hacked.

The bitcoin price has recovered since then. The price is trading around $560 now. I think it will rise to $600 very soon.

OP has the right mindset. Long term holders that take advantage of the rest of the idiots that still don't see the obvious potential in Bitcoin will keep loading their pockets with cheap BTC. In 10 years they will be bitcoin moguls with only 2 figure wallets.

The bitcoin is lower than expected. So it is good for me as I can buy more bitcoin when the set amount of fiat.

Unfortunately, the bitcoin price has risen 5% in the last few days. That means I can buy only 95% of the original plan.

And so it was, price $610 just now, but who knows for how long, somebody can say the price has not exploited,  so for some, the price exploded long ago, so this issue always be something in perspective.