no one can really forget bitcoin and not keep an eye on the price for longer than a week or so. especially when the majority of the people expect big action in the price the comming years. if i try to forget about bitcoin, then i can force myself to not look at anything bitcoin related for around a week. but then i have to look at the price and what the news is lately.

it's good that people are holding their coins for a price increase, but at what price will they be happy to sell at? $500? $600? i don't think the majority of the people here have the patience and the dedication to hold till $2000 or so.

the demand might get a short term boost, but at this point there are less than 6 million coins left to be mined. i wonder how long the price will continue to reach new highs when institutional investors still haven't a professional platform to do their trading. as long as they can't enter the market we will never see a price close to $5000 or even more.

in all the years i have had only one €500 note in my hand and it wasn't mine. when i go to an atm the highest worthy note they give out is €50. i personally don't mind them getting rid of the €500 note.

if you look at it from your way, then sub $10 was even a more perfect price to buy at. the majority of the people have not seen sub $100 coins.

if we manage to see the global adoption around the world increases to 10% of the total world population, then we can see that as a great achievement. right now there are over 7 billion human beings in the world. 10% of that would mean that there will be over 700 million people using/owning bitcoin. that's quite an insane adoption number, isn't it? everything above 20% will most likely never happen as bitcoin is and will most likely always be just an alternative to fiat.

we have seen the $500 price level being smashed down in november 2015 and our next real target will be $600. let's first see if we can manage to see $600 in the comming months before having a fantasy about a new ath.

the current price is just fair if you want to enter the market. the perfect time for buying was when the price was still below $300. that was the best time to buy. especially when you consider that the price has been stuck for quite a long time around the $250 price level. those who bought back then and have been holding their coins till now are enjoying seeing the price go up. well deserved.

i agree that reaching the magical $1000 will be a more than difficult target, but nothing is impossible with bitcoin. we have seen the price go up from around $200 to $1150 within 3 months. yes, it was mtgox pumping the price heavily, but it just shows that nothing is impossible. 3 months are enough to break through price levels we were not expecting at all.

i used to have around 5 to 8 different bitcoin addresses as cold wallet, but i have sent all the coins in these addresses to just 3 wallets just to make it easy to manage. and for sending and receiving transactions i nowadays use a different bitcoin address every time. if you have a lot wallets it takes quite a bit of your time to make different backups of all the addresses.

bitcoin and fiat can work together without problems. right now bitcoin is tied to fiat which is a great thing. i don't understand why people still think in terms of bitcoin replacing fiat one day. it will not happen.

i might do it when all stores and companies are accepting bitcoin as form of payment and there also need to be stability in the price. otherwise my $1800 salary will be worth $1500 a day after it posted in my bank account. that's why i will always need to receive my salary in fiat currency. for side jobs bitcoin is the perfect currency.

do you expect a new nation to pop up within let's say 20 years? i don't think so. maybe there will be a small island with around 1000 citizens where they change to bitcoin as currency, but not more than that.

easier said than done. as you see there is barely a suppport around the $400 price level. i wonder how long it will take before we see the price fall back to $380.

i don't even think there will be more than 10,000 people owning 1 whole bitcoin at some point in the future. and that number will only be smaller the higher the price goes. imagine what will happen once the bitcoin price reaches $5000 per coin.

can't see the price fall back to the $350 level. it may go down to $380 again, but not much lower than that. i am already happy if we manage to stay around $400-$430 for another month. that will give us enough time to build a more than solid support above $400. i think in march we may see the price go towards $500.

it's definitely good to see $400 on all exchanges again. i just hope we can maintain this price. that's all i am hoping for right now.

there are currently 2 things that can trigger a massive wave of panic buyers. 1 - block halving. 2 - finding a solution to end the block size drama. if both happen this year (which i don't think), then we can make an attempt to reach $1000 again this year. everything has to be perfect for that. otherwise we'll not see $1000 this year.

it depends on what country you are living in. i you live in the netherlands or belgium then you can use bitonic to exchange your bitcoins for fiat. they only work with euro for obvious reasons. if you do it on working days before 1 pm, then you have the money in your bank account the same day.

i do believe that we will see the price getting pumped up to around $600-$700 before the block halving. if there is enough panic among buyers and wealthy traders that want to create massive buy walls to support the price then i think we may even go higher than $700. it's just a guess and maybe the price will move in the opposite direction and people will sell like there is no tomorrow. that's also a possible scenario. bitcoin is full of surprises.