a month too long? a month is literally nothing. did you remember when the price went to $502 in november of last year? a lot people expected the price to continue to rise to $600 after that. but the opposite happened. the price kept falling down. there is simply too much selling pressure just below the $500 price level. we might not even see the price reach $500 before april this year.

of course talking and speculating without actually investing in bitcoin doesn't cost people anything. but when things don't go as they were hoping for they blame bitcoin for everything they think went wrong. that's what newbies and rookies always do.

the fact that bitcoin is still a relatively new currency/investment says enough. there is a huge amount of potential profit that we can make when investing in bitcoin and hold it for a few years.

even if we reach $1000, then it still will not hold. all people who are saving up coins at current prices will definitely sell between $900-$1000 if they have the guts to hold their coins for that long. many people will take profits at $550-$600 as they are too scared to hold their coins for a longer time. which means that before we reach $1000 there will be simply too much sell orders to eat through. it will take a few attempts to get the price above $1000 for as long as it takes.

that's why people should lower their expectations for upcomming block halving. too many people think it will go over $1000 and some people are even talking about $2000 which at this point is not that realistic. that's why my price target just before or just after the block halving is around $700 and $800 at most. if you don't have high expectations, and the price doesn't go up as much as you were hoping for, then you won't get disappointed.

he is wasting his time because he is holding bitcoin for the long term? don't make me laugh. holding bitcoin is the safest and easiest way of investing. if people manage to hold their coins for several years without touching them, then they will be the real winners. i strongly believe all serious bitcoin holders can become some sort of new elite. just imagine what will happen if global adoption takes place....

at this point the price is nicely staying above $420 but a dump of a few thousand bitcoins can get the price below $400 directly. but right now it seems that whales and other market movers are happy with the price being above $400. maybe that we can move closer to $450 somewhere next week. that would be a logical step forward for the price.

both mtgox and cryptsy gave us plenty of bad signals far before they went bankrupt. people had to react and move away their funds from these exchanges. for a lot people it was too late as mtgox and cryptsy all halted cashouts. everyone knows what happened after that.

not a horrible thing? i think a lot people are happy with the current price. especially when you look at the price at january 1 till now.

price january 1 = around $430
price today february 26 = around $425

that's quite stable if you don't look at the dumps that we have had between january 1 and today.

the chinese pumpers are always here. as you know, pumps are mostly followed by dumps. it takes time to scoop up the coins at significantly lower price levels than they sold. they buy up slowly so the price doesn't get affected much. i don't really expect the price to touch $1000 this year. even not because of the block halving. i think a 100% gain from current price point is the best price we can reach this year.

the average person only trusts something from the bank or the goverment. these people will most likely never change their mind as banks and goverments don't always talk good about bitcoin as currency. in the news bitcoin is 95% of the times only mentioned when something bad has happened. it's not that surprising that people hold back. they are brainwashed.

it just depends on whether people are willing to invest for the short term or the long term. for the short term investor buying right now is just okay. the price at this point can go in any direction. for the long term investors it's different. they can easily buy right now and hold their coins for 1 or 2 years. by that time they will definitely make themself a great profit. bitcoin has a lot potential growth for the comming years. just buy and hold.

if you only look at 1 or 2 day charts, then yes, the price might seem quite stable. if you look at the 1 month chart, then you will definitely see that there is a lot volatility in the price. i always look at the bigger picture. if the price remains fairly stable over a 1 month period, then you can say it's stable. but when you only look at the last days, then not.

lol, what's the logic behind what you say? we might never see $10,000 at all. when all things go well for bitcoin and the adoption rate increases significantly, then we have a good chance of seeing the price reach $2000-$3000 at some point in the future. but at this point it's kinda a waste of time to focus on anything above $1000 as we are far away from that price level.

just today i bought myself another $100 worth of bitcoin. i do it once a month. i think i will continue doing this as long as the price stays below $500. when it goes over $500 i will stop buying each month as i think i have accumulated enough coins to be happy with by that time.

the chances to see a price increase from current price level is more likely than seeing the price go down. i think the price will stay just above $400 for a month before advancing to price levels closer to $500.

the block halving is good for who bought at low prices if the price goes up to a high price level, but it has nothing to do with something as the year of bitcoin. i find it more important that the adoption rate goes through the roof and that amazon is accepting bitcoin as payment option. that's what i consider to be the year of bitcoin.

well, a lot people are holding their coins till the block halving as they believe the price will go up significantly. so yes, there will be a lot people securing profits when the price has gone up. it will cause the price to fall down but it will recover after some months. it's a normal market action.

why would it be not good if we fall back to $400 or lower? it has happened plenty of times already and nothing bad happened. i can understand that it isn't nice if it goes there but don't worry. nothing will happen.

the entire mining industry is nearly in the hands of china. nearly every price increase is started by chinese exchanges and the other exchanges just follow as brave sheeps. the demand is comming from there so they will definitely cause the price to reach higher levels.