I am at the opposite side. My feeling is that it will slowly go to sub $600 for a while and stay there. But of course in time it will go up again and hopefully rise above $1000. But there has to be a stimulus that will cause a rise. My theory is a great financial crisis that is going to happen in the European Union will be the stimulus. Bitcoin will be considered and will be classified like gold where it will be a safe investment.

I have researched on cloud mining and many of them are scams. Almost everyday at the site themerkle.com there's always news of a cloud mining running a ponzi scheme. In truth it is very hard for miners to start today and make money out of mining bitcoins. There are only a few ones that do but they are really large mining operations. Some of them manufacture their own asic miners so they have the advantage.

I think the best idea on how to explain it the ones who are interested is to cite the history of "currency". It is really just numbers in the ledger to remind everyone who owes who. And that is what bitcoin precisely is. But when the people cannot imagine it so because they really think that money = wealth. They think that piece of paper really means something when really it is not. Wealth really in the world is owning big companies, land or something that would give you a great degree of generating money and power.

This made me laugh. I am imagining the 1930's great depression when the stock traders jumped out of their windows for their office because the have incurred a lot of debt. But in seriousness the minute the whole internet goes down is the time where everyone will be in panic. It will not just be bitcoin users.

I would like to reiterate my position that unless a huge financial crisis happens, there will be no price rise above $1000. There has to me a stimulus for this to happen. It's either something spectacular event in bitcoin making it a more attractive buy or a big negative impact happening with the world financial system again making bitcoin an attractive buy.

I prefer the former to happen but the latter is much more likely. Be prepared.

I speculate bitcoin is ready to go down soon. This is a good time to take a short position in bitcoin because the people who bought at this price level thinking the halving will make it rise over $1000 will begin to slowly realize that it won't happen this year. The price has to go down for now and it is healthy. The price went up too fast and it isn't maintainable to stay in this current price level.

I have recently started saving some of my work salary in bitcoins. But one thing I am scared of is the price fluctuations. Bitcoin goes up and down a lot and I would have to be on the top of the market checking the price minute by minute even if I am at work. Maybe it is better to get in at a lower price?

Are there laws that says bitcoins are illegal? How can the make it illegal to use it a piece of software? It's just a bunch of inputs and outputs in a ledger and it's not really a "currency". The closest to bitcoin being a currency is the name because it has the word "coin" in it. There will be legal loop holes in legal cases involving bitcoins for everyday use. No law or case will act as precedent giving the governments around the world one big headache.

Exactly why banks are getting worried. The future of the bulk of transactions happening will be in the digital world. If banks won't evolve and improve expect unregulated cryptocurrencies to be a major force in online payments. Bitcoin is already showing us it is possible.

Blockchain.info is trying to give a better service for you. I like the changes but I am still attached with the old version. It takes a little getting used to but nothing like a week or two of using it can't fix.

But the funny thing is the banks are intruiged with bitcoin as a protocol and as a decentralized ledger. By just recognizing that can be considered a win for bitcoin. Satoshi must have done something right if they are considering using the technology for their own needs. It will stay relevant for at least a decade more.

It's a little risky to buy right now. Bitcoin price is not going anywhere except sideways so this could go either up or down. It's much better to only watch the price. This is also a seller's market because it has been pumped at this price level. So my suggestion is to avoid buying and just wait for a better price.

It could go under $600. After the halving we will see the smaller mining farms giving up and more cloud mining sites close in the coming months. It will be not profitable for them to mine anymore simply because they cannot pay the cost of maintaining their mining farms. The bigger mining farms on the other hand would have to sell more bitcoins in the market to pay for their loans on equipment, electricity and other expenses. So there will be selling pressure. And also the pumpers would also have to make an exit at some point.

That doesn't make any sense to me. It would be better for Apple Pay and Android Pay to expand their services by adding the ability to load bitcoins in your account. By doing that they are giving their customers a choice. I wonder what other avenues can bitcoin get into so that it will have the proper infrastructure for mainstream adoption.

I beg to differ. I predict that bitcoin will go back under $600 in the coming months. The speculation about the halving is over and the people who got in to make a profit from it will leave sooner or later since the halving really had no effect on the price.

I also expect to see the smaller bitcoin mining farms to close because of the lesser reward and unprofitability. This may bring bitcoin's price to a stand still or go slightly down.

Hi. I am ranked as "Member" just now. Please update. Thank you.

That's because they like to hype the halving and they hope to profit from it. This has been happening ever since bitcoins reached $1200. They all love to speculate when it will rise again to those prices. I'm afraid we will not see it go back to that price in a very long time. I even predict that it will go down below $600 in the next few months. Maybe by October.

Instead of thinking about where to invest your remaining bitcoin, why not save it and look for something that pays in bitcoins. You can start by joining signature campaigns. You will be here talking to the people in the forum a lot of the time so why not get paid while doing it. You can also sell items and offer your services in the market place part of the forum. You can make money if you know where to look. It will not be that much but what do you expect? You have to start somewhere.

What's the most likely price point where bitcoin will be at the highest ever in your opinion? Did we already witness it at $1200?

Here's an idea. If you want to strike a conversation about bitcoin the first thing you should do is wear a bitcoin tshirt. I noticed that whenever I wear my bitcoin tshirt my friends usually ask me what bitcoin is. I then start talking about it without getting to technical. It's also important not to get preachy about how the banks are evil and all that kind of talk. Then finally give them the websites that you think will help them in their journey.