i don't consider the recent price action to be a rally. i think it's just a normal thing to happen considering we are comming closer and closer to the block halving. it can be a rally when the price shoots up to around $500 but at this point we need to see whether the price can stay above $400 or not.

the average joes of this world will stick to banks no matter what. the block chain technology can definitely make the financial world a bit more transparent, but the majority of these average joe guys won't even notice a difference. people like us who want to see the financial world change will definitely notice it. because we know how things work and what the block chain can do.

people simply don't realize what the real potential of bitcoin is. they most likely see it as something shady that is being used in the deep web only. when these ignorant people do realize that bitcoin has become a solid currency/investment throughout the years, they will definitely blame themselfs for not having trust in bitcoin at the very beginning.

my situation looks like this at the moment : 50% bitcoin and 50% fiat in my bank account. right now i am more than happy with the amount of coins that i have. i will never go more than 50% in bitcoin compared to my fiat savings. it's my limit.

reaching $500 might look very easy, but it's quite the opposite. the bitcoin price will come very close to $500 several times and it will fall back to $450-$460 after that. we have seen this happen when the price was stuggling below $300 and also below $400. this situation will be the same. it's because sellers that bought very close to $400 will sell as soon as the price is near $490 to secure their profits. reaching $500 will be a real challenge.

$1000 is possible, but for that to happen we need a huge load of speculation plus good sentiment to reach it. beside that, the bitcoin price doesn't get affected by good news anymore. it might have had an impact back in 2013 and 2014, but definitely not anymore nowadays.

i am quite sure that we may see an agreement being madr regarding the block size issue this year. if it somehow gets solved or bumped to 2mb per block, then i can see the price go even higher than the pre block halving pump. we just need to have patience. if we reach $600 this year, then it's fine. if we reach $800 then it's even better.

slow growth is always the best growth. then it can build a strong support around the $400 level. if you have a peak to $450 then you know there is a high chance that the price will come down as hard as it went up.

no real market? all people world wide can trade in bitcoins. you don't have to be a nerd for that. bitcoin attracts a lot traders because of the volatility. it's not always a bad thing. i agree that a major part of the bitcoin holders are tech enthusiasts, but what'a wrong with that?

you mean as in online wallet services? i personally don't like online wallets and have also stopped using them as i don't want a third party to have control over my precious bitcoins. i only use the bitcoin core client nowadays.

paypal is definitely good for buyers. they are well protected against scams and such. that's why a lot scammers love to use paypal. they buy stuff and get the product, and they also charge back on the sellers. that's why paypal is horrible. with bitcoin there are no charge backs

i think we'll slowly see the price increase the comming months and maybe with a very high peak just before the block halving. i hope we will not see the price go below $400 again this time.

people have different reasons for selling their coins. it's not always that they sell because the price reached a high price level. some people sell because they have to. they need the money in their private life to pay bills for example. and you have also panic sellers that sell because they can't handle the volatility. and other people sell their coins directly to fiat because they are not interested in having any coins. plenty of different reasons.

i also keep buying as much as i can. i buy $100 worth of bitcoins each month. i will continue doing this till the price reaches $500. after that i will stop buying each month and just enjoy seeing the price go up.

investing in bitcoin is the best possible investment. saving money as in putting money aside for when you need it is good. but saving money for gaining interest is not worth the time. on a normal savings account you only receive around 0.6-0.7% interest per year. on a higher level savings account you can get 2.5% per year, but then you can't withdraw your money for 4 years!! not a good deal.

i hold every bit cent that i have firmly in my offline cold storage. i am sure that i will highly benefit from the price that will go up the comming years.

if more merchants are willing to accept bitcoin and hold a certain amount of the sales made in bitcoin, then it will surely affect the price in a positive way. but at this point they will never hold it as the volatility is too heavy. i want more physical merchants to accept bitcoin. online is easy, but i want my super market and gas station to accept bitcoin as well.

the bitcoin price reaching $700 is something i can agree with, but $1700 as high of the year is simply too far away. we might be happy if we see the price break through $1000 again this year

the upcomming block halving makes people interested and speculate about the price going up. i think if we look at the comming year then the majority of the people feel that the price will go up instead of down.

bitcoin is growing year on year and has been surprising people year on year. so every year is basically the year of bitcoin. the only thing that makes 2016 different from other years is the upcomming block halving.