there are already plenty of online merchants that are accepting bitcoin as form of payment. bitcoin is very strong when it comes to online payments. that's its strength. there are more than 100,000 merchants currently accepting bitcoin.... the only thing i would like to see be different is that there must also be physical stores accepting bitcoin. but that will take some time.

from everything bitcoin is the best possible investment some one can make. gold is also good as investment but mainly for storing value. some people even buy plenty of gold because they believe the us dollar will collapse and that people will hoard huge loads of gold.

it's impossible to know what will happen in 20 years time. we don't even know if bitcoin is still around by that time. maybe it will get replaced by something else, or governments will completely ban all kinds of bitcoin usage. no one knows.

it depends, if the block halving pump will only last a very short time, then you have to make sure you sell before the price comes down again. if you have bought that low then just keep holding a while longer. my selling target is a few days before the block halving as i believe the price will reach its highest point by that time.

the speculation aspect of the upcoming block halving will definitely push the price over the $500 price level before the halving, but i don't know how long that price level will hold. without enough buy support it will most likely tank to $450's again after the halving. one thing is sure, the coming months will be more than interesting for traders as there will be a lot volatility and price swings. so even if the price falls back down, you already have made good amounts of profit during that time if you know how to trade.

if you are short term minded, then yes, the $500 price level can be seen as high. but people that are looking for a long term investment of at least a few years can buy at todays price without any problems. there is a lot room for further growth of the price.

people should have started with investing while the price was still below $400 not long ago. those people that waited with buying till now have missed a great chance to buy low. that's how you make good profits. but it's still not too late if you buy now and hold them for a long time.

my method is simply buying low and selling high alongside day trading if there is enough volume and volatility. on these days i can make around 0.10btc per day. but as i said, only on days with enough volume and volatility.

best times for buying were when the price was well below the $400 price level. people have had enough time to buy themselves plenty of coins at these price levels. right now i think it's just a fair price to enter the market. it's not low and not high. just make sure you keep holding the coins that you buy for a long time. don't sell them directly when you see the price increased with $20 / $30.

i think bitcoin will reach $500 again within 2 months. i'm only not sure whether we can keep the price at that level for long, but we will definitely touch it.

bitcoin has so much potential profits that it can gain throughout the years, that only this possibility already is attracting a lot people to invest in bitcoin. if there was no potential profit to be made, then they wouldn't waste any time on it. i am not sure if the price will reach $700 this year. i personally think not. i am happy with the price touching $600.

as long as there isn't bad news popping up making people panic sell, then we'll definitely not going to see $300 prices again. but i have seen people get happy too early plenty of times because the price looked very calm and all, and not long after that the price tanked significantly. with bitcoin you must prepare yourself literally for anything that can happen. it's full of surprises.

i wish it was so easy, but i don't think we'll see the price hit $500 this week. as high we might see the price go to around $450 before going back down again.

i seriously hope that bitcoin will never replace fiat money. purely because of the fact that governments will take serious actions against bitcoin if it grows too large. if we at some point manage to have 5-10% of the people in the world to use bitcoin, then bitcoin's mission has succeeded. from out of nothing it made the world know bitcoin is here to stay.

the price is indeed the most important aspect of bitcoin. some people still think this isn't the case. from miners to just the average bitcoiner, every one is constantly looking at what the price is doing. the price is also very important as it attracts fresh money from new traders.

$1,000,000 will never become reality. i can't see the point of some one speculating about $1,000,000 while we haven't even gone through the $1000 price level again. well said about that we have to focus on the current price, i only don't think other people will understand this as well.

that's why i have a certain part purely for trading purposes beside the coins that i most likely will not sell in the coming years. this allows me to increase my coin count while i also see my coins gain in value.

i completely agree with you. that's one of the very few posts that actually makes sense. governments will never allow that to happen as they will lose out very hard. they will miss out on billions of profits each year. bitcoin is the great alternative. not a main currency.

nothing will give you a guaranteed profit, even not bitcoin. you need to make sure you buy at lower levels and sell at higher levels to make profit. if you don't know when to buy, and buy at peaks and later see the price tank significantly, then where is your sure profit? weak hands will sell in panic to avoid making even bigger losses.

the price has indeed been going up due to the block halving, but it won't go up endlessly. i think the real effect on the price will be much lower than many of us expect. if you focus on reaching $550 to maybe $600 then it might actually happen. but i can't see it much higher than that.