Bitcoin Forum

I think we are now in the final phase where coins can be accumulated relatively cheaply. Who knows how long it will last? I personally think we will move sharply up in the next few weeks or months.

Every day there is new positive news. The auction reinforced the friendly US position towards bitcoin. Several giant retailers have publically integrated bitcoin into their payment systems. Today it was the turn of Newegg.

Over the coming weeks and months I predict user adoption will start to move upwards sharply again. This will cause the price to rise. It will be front run by whales and big players.

A common theme is that bitcoin bubbles reduce in amplitude with each successive leap but I am not so sure. Once a battle for the ATH commences its off to the races.

It is time to speculate to accumulate! Ignore the bears and traders. Look at the big picture. Every single time in the past my only regret with bitcoin is that I didn't buy more when i had the chance.  ;D

(only invest what you can afford to lose!)

its always been about accumulating as many bitcoin as you can, as fast as you can.

since day one.

+1

By the end of next month at the latest we will have permanently left behind 3 digits.

You can quote me on this.

Well since September 2013 to last week, while I listened for months to retarded day traders talk about losing more money on the swings than winning and pretty much ending up with the same amount of coins or less than what they had back in September, I've quietly been accumulating like a mofo.  I've increased my holdings 4x since Sept. 2013.  What have they done in that same amount of time? Nothing but burn their earnings, if any were made at all.

So buy on the dips and hold, the only way to fly.  Anytime you have the urge to sell in order to buy some stupid thing, go back and read forum threads from 2 years ago.  There were guys cashing out 1000s of coins just to purchase things like computer parts, etc.  And patting themselves on the back for how "smart" they were for making 1.5x their money.  Now they are kicking themselves silly for not holding.

They are the reason bitcoin succeeded. Smart thing is to always have some BTC, not cash out entirely.

I put it in my sig to remind me.

You're goddamn right.jpg

I don't think I'm going to dump all my cash into bitcoin today immediately following a 10% price move.

I nibbled at 580-595 late last week and into the weekend.  I'd suspect there may be opportunities below 600 again in the not-too-distant future.

I'm thinking this too.  I could see $620-$630, but would be surprised to go back under $600 any time soon.  Not with positive move from auction and Newegg/1-800-Flowers the next day.

Remember when it was in the 300-400s?  That was the time.

Well it doesnt seem a very nice business trying to get a 10% discount while you probably can be wasting the 5 or 10x opportunity

Easy to say that. :)

The adage of buying when there is blood in the streets is hard to do. Don't get me wrong, I _was_ buying, just not heavily as it goes against human nature. I have doubled my coins in the last six months which is great. I am thankful for the heavy pullback. I am hoping it continues just a little longer so I can reach triple digits.

We are in the lag period where potential adopters are watching bitcoin prices - lots of them. I am sure most of us did this. We saw a bubble then watched it pop. Were glad we hadnt bought in. Then the price starts to rise again and surges up towards the previous ATH. Then the next wave start to buy in to avoid missing the boat. I think we are approaching this stage now.

you got 5 days left to be right! lol.

Maybe not next month, but this year, you can quote me  :-*

It's been my signature since July.

Poor zimmah :C

I'm buying as much btc as I can, probably the next year we will see 10x the current value.

I agree, it's time to accumulate as much as possible, but not "rapidly", we have all the time in the world, since I don't believe a new rally is months away.

Looking at the price volatility, 10% move can happen in a couple of days..

I'm trying to buy bitcoins gradually, at every drop I buy some but I have almost finished the FIAT.

Still 4 days to go.

good move i'm also buying some, this is indeed the accumulation phase

For people truly believing in Bitcoin this phase is a great time to acquire more. They're relatively cheap if you believe that the price is about to reach old heights and maybe even enter the terrain of new all time highs! Totally depends on where you expect Bitcoin to go. Things can go either way!

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By the end of next month at the latest we will have permanently left behind 3 digits.

You can quote me on this.
[/quote]

you posted this on july 1st
coming toward end of august

where is my 4 digit btc?!?!?!?

Wo said we'll be having 4 digits... for all we know he only promised we left the realms of 3 digits  ;) I don't think either we'll see 2 digit Bitcoins anytime soon, either. But 4 digits Bitcoins are still a bit down the road....

Bitcoin will be as valuable as land in time, cos when the final bitcoin is mined, "they don't make 'em anymore". By that time there would be million dollars bitcoins easily

Price action still looking every week.

It appears some whales are selling every time there is a small rally.

Yep (https://www.youtube.com/watch?v=qqgz-G5OqXM#t=2m04s).

If you're planning to hold for more than a year, then you need not worry, buy as much as you can.

Most of us won't live to see the last satoshi mined.  :)

Im not selling a single pennybit until 2020  8)

Yes we are certainly on that nice phase were boat missers get to buy some cheap BTC, but make no mistake, this phase of tranquility may take longer than some would like to believe. I am OK with it tho, that just gives me more time to stack a nice little amount of BTCs.

Agreed, we could blast off soon, but I remain open to the possibility that will capitulate to much lower lows than this. I still have dreams of buying coins at < $300, so until we take off for the moon, I'll hold onto those dreams. :D

The price does seem to be relatively stable now, but then the move up begins, I think it is going to be very, very quick.

Oh well, things didn't turn out as expected.

Sad indeed, but I still think we will soon see improvement.

I think things are coming along nicely. I buy a few more coins each month during this accumulation phase. I have moved a 5% of my overall portfolio into cash ('waiting on the sidelines') in case we get a sudden dip into 3xx territory again in a final capitulation-retest-the-low type scenario. I am sure others are thinking the same and therefore it may not materialise.

Sentiment is terrible, bears/trolls are all over the forum spreading doom, people are variably bored and/or chucking in the towel and selling. At the same time bitcoin infrastructure, VC funding, merchant integration and simple webwallet services are surging ahead of user adoption. I think the market is working through the aftermath of two bubbles in a very short space of time. Who knows whether we bubble up again and retest the ATH soon or if there is a false start or two to go. My vote is on an ETF driven bubble prior to the next halving in early 2016. The longer we stay in this range the better anyway.

In 2050 i will spend 1 BTC to buy new body, with an offline blockchain backup of myself just in case

I'm trying to buy as many btc as I can while they are under $500, I don't think we will ever see these prices.

Good strategy!Buy,HODL and you will profit. :)

I agree, while the price is low it is always wise to accumulate as many as you can but rapidly may be a bit too extreme I feel. We have been doing this since day one though when the price has been at a low, it's a case of buy while you can, when you can and wait for a rise.

Ditto that. If you don't think you can beat the market, then dollar cost averaging spaces out your risk over time. If this is a shorter term bear market within the longer term bull trend, then piling in at one price is not a great idea (unless you know what you are doing, of course :P).

ye, the slower than expected growth does have a plus side, it gives us more time to accumulate bitcoin before it DOES leave behind 3 digits permanently.

I won't give a time prediction anymore, but i dare say that after the next rally it's unlikely we will drop back to below $1000 ever again.

Sadly, my fiat income is a little low at the moment, so i could not really buy much more bitcoin anyway, but every bit of dust counts.

With the news of Paypal adopting bitcoins I'm waiting for the beginning of a new bubble.

Says OP in July... it is now September








IGNORED

It's only been a couple months. I won't dismiss the bubble callers entirely YET... but all the calls since early 2014 have failed so far. I prefer to see a reversal play out on the charts before turning bull again.

I stand by it. Fundamentals continue to improve.

The trendline is still going down but I prefer to start buying some bitcoins now.

I started to FIAT cost average since we entered sub 600 territory and will continue to do so.

In my honest opinion the only people that should be buying rapidly are the ones that are sure where the market is going to go in the future.  I don't know any of those people so all I can say is if you haven't done the proper due diligence to know where the price will go it's best not to poor more then you can afford to lose on Bitcoin.

I'm waiting for huge sells walls, like it is happening now. But bigger

if you wanting to accumulate coins now, then you are actually accumulating as much debt and financial ruin as possible!

Give up your false hopes!

The time it takes for the average Bitcoin user to first hear about it and then purchase some initially is long period, long enough that I expect this news to not impact the price until the end of the year. Eventually though, all of this good news will build too much pressure, and another adoption phase will trigger price growth. Once the average investor understands Bitcoin as an option and realizes it is in limited supply and increasing demand, the damn will brake. That is when many larger markets will enter into the currency and we will stat to see gaudy five figure valuations for a Bitcoin.

This, this, this.

It is the monetary properties which will propel the bitcoin price into the stratosphere. That is precisely why I bought in last year. Mathematically fixed scarcity. It is why every bull and troll alike are on this forum.

We are in a phase where bitcoin utility has improved dramatically. (I bought a curry from across the road with bitcoin last night, showed a friend to demonstrate the process - he couldn't believe how easy it was, thanks bitpay). Soon you will be able to use bitcoin everywhere online.

Joe public is greedy and wants to make money through savings. We live in a time of perpetual ZIRP. Whether it happens all at once driven by an exogenous event(ETF, bank bailin) or in successive waves as in the past, bitcoin adoption will swell. It only has to reach 4 million active users globally for the price to bubble again.

Ask yourself this: if only 1 million people actively use a new digital private money globally, accounting for no real sales in the grand scheme of things, why are the biggest online companies in the world integrating it into there systems? Hint: fallllling is wrong!

remember that during the boom of late 2013 many newspapers were filled with bitcoin news like never seen before.

For many people, that was the first time the heard about bitcoin.

We are nearly 1 year past that event.

I'm hoping people take not that nothing has changed and Bitcoin is growing in many ways.  It's beginning to be hard to keep track of all the positive news.  This can't last forever, even if we go significantly lower in the very short term.  You can expect people waiting for cheap coins will push the price right back up quickly.  It's time to make a plan for acquiring Bitcoin before the opportunity to buy cheap Bitcoin has passed.