It's always a bad and good time to get in.

Have some spare cash? (yep thats money lying around and won't be missed in the next 10 years) Welcome to the club!!
You could ease in by buying a small bit every week or day to get an average price.

However Bitcoin should be seen like a lottery ticket. Don't expect returns, just sit back en enjoy the ride

Psychological barriers (It cant be worth more than gold)
Too much growth (Bubble-fear)
Political uncertainty (China ban)
Technology untested/untrusted (How does it work.. what if hard fork...)
Big whales (Pump&dumps)

and mostly

People got burnt and wanted out!

Let's circle jerk ourselves billionaires in threads like this

$1M/BTC in 2030 !!!!

If you go short term (done it myself) here are some tips/warnings.


NEVER USE A STOP LOSS
You see the dumps-out-of-nowhere, yep every once in a while you will get caught by it.
This is called a stop-out if I am not mistaken.

WATCH OUT WITH LEVERAGE AND GOING SHORT
You think you can go lower but you suddenly end up with a market order execution and no money.
Can also be caused by a dump-out-of-nowhere.

CHECK YOUR RATES
Putting in a buy or sell order costs money and you get a crappy rate.
Short term you will have a hard time to get it back.
Never use market orders even if you want to get on the train If the orderbook is thin you might end up paying 5% more.

MULTI-CULTURE, VOLATILITY, RULES
Bitcoin is traded in many countries 24x7. This means that traditional trading doesn't apply. You can get hit hard at night. Stock never closes.
Analysis is hard if it is volatile, you have no good indicators. Any whale can kill you in a heartbeat.
There is no one that will prevent a whale from pumping and dumping. It is not regulated whatsoever.


AND BUY LOW SELL HIGH  

I ended up thinking ... Why risk my shit short term .... HODL makes me sleep better at night.

I think that the forks will only show that Bitcoin can survive anything.
Having my own keys in hand I don't care ... more splits = more cash.

Splits do make Bitcoin more problematic. It's like being in a maze not knowing what is what and which to follow.

Splits/forks should be kept to an absolute minimum to protect the image of Bitcoin and make it easier on people.


I get the feeling that some people are going to try and create splits so they can sell the split and buy back bitcoin for it.
This is just like the shitcoin pump&dump get-rich schemes.

Where I come from there are also penalties on early repayment unless you pay off the full sum and terminate the mortgage all together.
But yes having a financial expert look into your specific situation is advisable.

Three options + 1 bonus option

The Safe Path
Pay off now and be done with it.

The HODL Path
Wait until 2020 and pay off the mortgage (chance BTC will be lower).

The Phase out path (RECOMMENDED)
Every month pay off the mortgage with a fixed amount of BTC (let's say 0.2BTC) until finished.
Recommended because you get an average sell rate. BTC is generally on the rise.

The YOLO Path
Wait until 2040 or later and buy the whole friggin' bank and crash a few Veyrons for fun while you're at it.   (or end up a bum under a bridge telling old stories about owning BTC)

Lol you're so right .... so much FUD

China just want's to keep monetary stability and is pushing on the brake... (for now)
US is basically doing the same.

All those new ICO and ICO scams are financially disrupting countries and peoples lives. The scams need to stop.
People are hitting on Bitcoin like it's a casino ... all or nothing.... It's not healthy investing!

For now countries are just protecting their economy which is basically a good thing.

Give it time and crypto will get it's place in the economy ....

Looking at the Bollinger Bands on the 1w charts we cannot go below $1400
We are only half way to  the median so no panic yet.
Looking at Bitcoin history we have only hit the lower Bollinger Band 3 times or so.


My guess is that the BB median could get tested again which is now $3000.

So $3000 is the lowest for now.
If we pass that point we could hit a lowest point at $1400

I always have a hard time with people entering this forum and launching a topic on their first post with these kinds of statements and no backing.

It's feels so much like a religious statement "I'm here to help you all ... GOD told me personally that <xxxx> .... and I'm here to tell you the good news."


Anyway I'll take the 30k in 2020 with pleasure ...

+1

To everyone here...

IMO China will never ban or allow Bitcoin. They will keep a low profile and stop the Chinese economy getting burnt on this volatile "currency" by regulating it.
They cannot stop it but directly allowing it is not a good thing either. Bitcoin needs time to blend in to the economy without hurting it. THAT is what they are doing in my opnion.

Why are the exchanges shutting down? Is it a ban? ..... exactly you have no clue ... then stop the FUD or post the evidence

There are many more plausible reasons why those exchanges could be shutting down
I also have no clue but can think of many non-ban reasons

1. Haven't registered themselves correctly as a financial institution
2. Don't adhere to rules and regulations for financial institutions within China
3. Not profitable or they cannot pay their taxes
4. Tax evasion or other criminal reasons to shut down a company
5. No good auditing in place so their business must stop
6. Insurance requirements?
7. etc.

Remember: Bitcoin is transitioning from a novelty to a real currency ....

If China supports bitcoin them it will negatively impact their economy so they will never say that.

As Wham sang....

I should have known better than to sell dem coins
And waste a chance that I'd been given
So I'm never gonna sell again
The way I sold to you!!

Some knives fly up .... trust me Bitcoin doesn't obey gravity

Therefore HODL!!!

What we are seeing is the same effect as a fire at a festival .... people run for the door killing each other....other people see people running and follow even though they have no clue why they are running..... people die due to hysteria not due to the actual threat....  

We are the guys remaining and drinking the free beers at the end


That said I don't blame the chinaman from protecting his assets ... China can be quite a controlling and unpredictable country (for us to understand)....

To sound Matrixy "There is no China Bitcoin ban"

As far as I know ...
- There are other Chinese exchanges still operating (Huobi and OKCoin).
- There has not been any official statement towards Bitcoin being banned.
- We have seen this before ... FUD FUD FUD

I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.

We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH

THIS THREAD AGAIN!!!

Tulip mania was one bubble and crash in a few months. (Nov. 1636 - May 1637)

Bitcoin has proven to withstand multiple bubbles and dips.
Initially people had a point with the comparison but that is no longer the case.

So the answer is NO

Who cares ... The fork gave me both  

Bitcoin still has the VHS vs Betamax edge .... all bad shit is still done through Bitcoin