I think the price will fluctuate around $350. It might go below $250 shortly during a flash crash. But the price will go up again. More financial institutions are aware of bitcoin and blockchain technologies now.
Financial institutes were already aware of Bitcoin, the only thing is that some of them approach Bitcoin way too hostile, while Bitcoin can help them in going forward. They are only too cracky to understand that. My guess is that the price will not go below $300 any time soon, unless there is a shitload of bad news popping up.
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I sold some coins when it peaked at $365 and after that it went up to $500 ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) In normal circumstances I wouldn't have sold, but I had to purchase furniture the day after I sold, so I sold some coins to take profits. I had an average profit of ~$130 per coin, which is still more than decent. It's nothing to be ashamed of.
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I use the buy low sell high method since 2005 with stocks and since very early 2013 with Bitcoin. It works the same, only my returns with Bitcoin are much greater. Bitstamp is my exchange of choice for trading. I also use BTC-E, but a lot less nowadays. Buy low sell high requires patience. Some times it takes 1 month for you to sell high, and other times it can take 6 or more months. If you want to start trading without waiting days to send in your personal documents and getting verified after that, just use BTC-E. They are very relaxed when it comes to verification. Since that I use BTC-E, which is the first exchange I have signed up at in the beginning of 2013, they haven't asked me for any kind of personal information. That's what I call nice ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I simply deposit Bitcoins in my account there and sell it for USD to get my account funded with fiat. It's much better in my opinion as you don't have to wait a day or even longer as some people say for your deposit to post.
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End of the year price will be $550-700. After the US Marshall bitcoin auction, the overhang is cleared. With further adoption of blockchain technology, the price should support that range.
I think that the price will drop a bit after that auction. Because the bitcoins can be sold under the market price. I don't think anyone will buy overpriced bitcoins when there are many exchanges at the real market price. I think that the price will reach $500 and that would be enough for this year ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The auction was on the 5th of November. It doesn't make sense for the FBI to sell coins below market value. Especially if you consider that buying up huge loads of coins is not possible without giving the price a significant price boost if you do it via exchanges. I think the coins are sold as 1:1 to match the rates at that day and time. There was also mentioned that there were less bidders than usual, which might be due to the higher price that went up way too high in such a short period of time. The people who are buying up these auctioned coins know what they do, and don't want to get burned after a few days.
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Who doesn't have 1?
Roughly about 7billion people That's too big number. Only 16million bitcoins were mined out so far. May be 7million people own one full bitcoin. I'm not the one belong to that side of holding one full bitcoin till date. By far not. If you only look at the amount of wallets with at least 1BTC in it, then the total number will be 250K wallets. And as you might know already, most of the people split their coins into several wallets. Exchanges split their coins in hundreds, if not, thousands of wallets. The amount of people who are actually holding 1BTC is probably 10-20% of the total amount the 250K wallets. This is just a raw guess, but it could be close to the truth.
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I never expected to say this, before this rally I would have said it would reach $700 at most once the halving has taken place. Currently in the current market and with a lot people going nuts on getting themself extra coins to hold, I say we may reach a new ATH due to the halving.
We reached $500 so easily, which made me turn from a bull into an ultra bull. Let's hope China keeps pushing the price as they did days ago. The comming months will be very interesting and bring a lot volatility with it. Great for day traders if there are nice price swings.
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There is absolutely no need for the 21M coin cap to be increased as you can split 1 BTC into many smaller pieces. A higher price will make owning 1BTC in the future only possible for people with good money. You can set most of the wallets to display anything from BTC to mBTC and uBTC.
Bitcoin is opensource, the devs, they can make these kind of changes, but I am sure they will never increase the amount of coins. I would directly sell all my coins and never look back at Bitcoin if this happens. If they do it once, they will also do it twice. The coin cap is something you don't mess with.
Faster confirmations would be a much appreciated change and will help Bitcoin become an even better alternative to other fiat currencies. Currently for online purchases it doesn't really bother me, but if I plan to buy a tv or something else that is quite costly in the future, I don't want to wait over 30 minutes to get a single confirmation, so I can walk out of the store with my purchase.
Blocksize is a another thing, currently they are getting fuller and fuller with the months. I don't mind seeing the blocksize being increased to 2MB, for now. Anything higher will make pools go nuts. The devs should come up with something very soon.
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I didn't expect a CEO from one of the largest banks to say anything other than rubbish about Bitcoin as currency. We've seen Master ahhem, LoserCard CEO do the same. At least he sees value in the BlockChain technology, which is a good thing. That makes him look less dumb.
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It's not good for gaining trust. People want a stable currency, not a ping pong currency with so much volatility. Lose 40% of the value in less then a week is terrible and it prevents BTC gaining mainstream attention.
Too bad...
If the price is stable, people complain about the price that is not moving fast enough. If the volatility is quite heavy like it is now, people will complain that the price is not stable enough. People simply don't know what they want, so they keep complaining anyway.
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I will always hold. I will not sell a single satoshi untill the actual block halving has taken place from now on. I am now full in accumulation mode. Will it go below $300? I don't know, but I will surely use it in my advantage to buy more coins.
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The recent rally could be purely greed driven. That might explain why the price is tanking right now. It's just a guess. I'm sure once we come closer to the block halving, we'll see the price go up even higher than the $500 we have seen a few days ago. A nice opportunity to scoop up extra coins. Especially if it goes down even more.
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OP seems to be an expert isn't it? I have been browsing through his tweets, he haven't mentioned selling at all. But let's pretend he sold some of his coins. How do you know it's even worth mentioning? Perhaps he just sold 100BTC which would do nothing to the price with these volumes.
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Simple. I would buy a huge load of coins and just wait for the storm to calm down. I believe in Bitcoin. If others do as well, it has no other option than going up again. A fact is that long term holders will always get rewarded for their patience and dedication.
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This was what I was waiting for. It's impossible to see the price only go up and up without seeing the price go down significantly. People who want to sell can sell now and make the road free after a week or few weeks to continue where we left.
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Bitstamp has a very nice volume which makes it perfectly capable of doing ultra fast day trading. Have made a nice profit during the large swings. Bitfinex is as well doing great with 450K BTC volume. I think the volumes will come back to earth the comming days where the price advance will slow down for a few days or week.
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All right I bought in at $415, let's see if I live to regret it! ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) How much did you buy? Just $300 worth, not much ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) The amount doesn't really matter as long as you are happy with it and you not use money you can't miss. Less invested in Bitcoin, means less risks. Hold your coins and don't get upset when the price is going down like now. If this rally is real it will go even higher than $500 this year.
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We fall down from $500 just a while ago and when I last checked we are like in $385 . I have a question here, I am not really good at bitcoin so I just want some explanations or something like that. Will the price continue to fall or will it bounce again? Is $500 the new ATH now? What is causing this? Does this mean the end of the bull?
Big players cashing out huge amounts of coins they have been buying around $200-$250 while a lot people were waiting for the price to move. They made themself millions. I'm not sure when the next rally will start, but I think this is just a short break. I hope the price will go above $400 and not go below it anymore.
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I woke up several days where the price increased significantly, today is the exception. Since the price crashed quite hard from $500 directly to below $370 I think it will go up from here. Perhaps we might stay around the $380-$420 for a week or so.
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even though the bitcoin price so high now but still not too late to buy it and in these few days you will earn a big profit from your bitcoin
because the price is very quickly to go up
For people who haven't bought yet, and are planning to do so today, must realize that the price won't go up all the time. But on the other hand, it can also go much and much higher. Make the right decision and hold your coins for a long time.
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"To the moon" according to me means we can't really go much higher. So the term isn't appropriate to use anyway these days. Rally or bull run are better terms.
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