i totally agree with this. people will surely smash their heads against the wall for not buying when the price is approaching the $1000 price level at some point in the comming year(s). i have already bought enough coins below $400 so i can just sit back and relax watching the price go up.

bitcoin itself is safe to store your wealth. the volatility is just an aspect of bitcoin because it is still a new currency. if you plan to store your wealth for the long term into bitcoin, then there is not much risk involved. but if you just yolo buy hoping the price will go up to high levels in a very short time, then it's definitely not a safe investment. then it is totally your fault. it makes you a bad trader.

there is nothing wrong with that, really. people are free to use bitcoin in the way they want. some people believe in bitcoin's future and save up coins they earn, and the other isn't interested in holding any coins and sell them directly as result. to be more precise, i think op is just interested in finding a method that allows him to do some successful trading. that's it. he didn't mention anything about cashing out to fiat.

if bitcoin indeed happens to be worth $10,000 at some point in the future, then it will be nearly impossible for the majority of the people to afford 1 whole bitcoin. then people will buy small fractions of a whole bitcoin. each month i buy $100 worth of bitcoin which at todays price gives me around 0.27 btc. but if i use that $100 to buy when the price is $10,000, then it just gives me 0.01 btc. big difference.

this is exactly what i mean when i say that bitcoin has much more room for potential growth. the short term is not an indication of something. the long term is what we need to look at. on the other hand, gold didn't give much return in the last 6 months, but over that period the price/profit remained nicely stable. good for people who use gold as a store of wealth.

is it still considered an investment if you plan to live in the house you bought for your entire life? i consider an investment to be something that you plan to sell at a later point for a profit.

the amount shouldn't matter as what you consider to be a small amount right now, can turn into a decent amount within a year. that's why you should always hold your coins offline.

people have been asking for a decentralized exchange since a few years back, and it still haven't showed up. as far as i know it's nxt that has the only successful p2p decentralized exchange. i am not really that technical, but i would like to know what the reason is for not having a decentralized bitcoin exchange today. is it because it's difficult to incorporate fiat into the system? or is there an other reason?

you are right, but what prevents goverments and banks from making their own crypto currency? nothing. bitcoin is great for sure, but they will not use it as one of their main currencies because they simply don't have control over bitcoin. they like to rule every aspect of the financial market with iron fist. that's why they just investigate bitcoin to see where they can improve and eventually release their own crypto currency.

i personally think we won't see the price reach the point of decent stability as long as very early adopters still have tens of thousands of coins. i think as soon as we reach $1000 again that they will surely cash out some of their coins, but they will still have enough coins to make the markets crash if they so wish.

this thread is basically the same as the thread where op thinks we may see $3600 this year. we haven't even reached $1000 let alone $600 and people start already with speculating about the bitcoin price being worth a few $k. we might see the price reach a few $k in 2018 or later. this year not.

at this noment i am constantly getting the 502 bad gateway error displayed in my browser. i think the server is overloaded once again or the server is under ddos attack.

i am interested to see what happens with the price when the chinese new year ends. i personally think there won't be much difference in the price compared to now. but i have seen some people saying that china will cause a pump because of the chinese new year as soon as it has ended.

correct. i still see the $350 price level as the "real" bottom for now. and as long as we don't go below that price level, it is and will be the bottom. if we do go below that price level, then i can see the price come very close to $300. i just hope it won't happen as it will take a long time before we build up the price again.

i think the price will go up significantly 2 or 3 months before the actual block halving. the real panic buying will start 1 week before the block halving. people will go insane to have themself some before halving coins.

i have bought 0.5 bitcoin today at $373 as i couldn't resist the current lower price. if the price is the same next month, then i'll buy myself another 0.5 bitcoin. but i think by that time the price has already gone up.

100 btc is a very large amount, even with todays price. if the price reaches at least $1000 then these coins will be worth a good $100,000. take in consideration that a lot people here are also working. they are building up retirement money also there. the bitcoin money will be a good bonus.

the media indeed plays a big role as they are very negative towards anything that has to do with bitcoin as currency. and the average joe's of this world take everything the media says for granted. bitcoin will gain popularity, but the media has damaged people too much with their anti bitcoin campaign. we just needs to have patience. building a solid user base and trust takes years.

i voted for long to the hilt, i assume this means that i am holding till the end. if yes, then i voted for the right option. i am here for the very long term and don't care about all the negativity.

eventhough the price is what we consider to be fairly low, some people still don't have the balls to buy themself some coins at these price levels. they will always start with buying when the price is going up. nothing wrong with that, but they miss out on so much profit because they buy at semi high prices. for some reason they see a rising price as some form of confirmation that the market is due for an investment. for me it's the opposite. i see a rising price as a great moment to secure some profits.