i am fairly sure that whales have had enough time to accumulate coins already. i think even they are waiting for some market action. right now is a good moment to accumulate for the average bitcoiner. people should put their money to action and buy now before it's too late.

well, i'm not losing faith at all. it's just a temporary thing that will slowly fade away when people calm down. i just focus on the good things and keep holding as always.

whales don't run out of money as they know very well what they do. people are simply not good in waiting and having patience to see the price go up steadily. they focus on quick profits only. that's why some people get bored and sell. people who have enough patience will be rewarded with a higher price. others who have sold because they were bored will buy back at higher price.

only time will tell what the future holds for bitcoin. if there is enough demand for a currency as bitcoin, then we can enjoy it for plenty of more years. if not, then bitcoin will get replaced by a better currency that is wanted by the majority of the people world wide.

i have my bitcoin wallet backups stored in all sorts of memory devices as external hdd's and usb drives and memory cards. i also have all privatekeys printed on several papers which i laminated in strong plastic.

for the first time in nearly 1.5 months i have spent some coins. i had to buy myself 2 hosting packages for a project i am currently working on. payment went through instantly without the need for a single confirmation.

it won't happen this month. i think it will take at least 6 months to a year to see an agreement about the block size issue. till that time the community keeps staying in doubt and the bitcoin alternatives keep popping up.

right now is the best time to buy bitcoins for the people that haven't done it already. if you wait untill after the block halving or at the end of the year, then the prices are nowhere near todays prices. right now is buying time if you want to get yourself an early seat for the comming price rally, and after the halving you can accumulate as much as you want.

i go for $700 at the exact moment of the block halving as i think there will be a huge pump that will bring the price there. if we stay around $500 then a lot people will be disappointed.

the bottom was already at $350 and this time will not be different. if it does happen to go below $350, then we can see the price come very close to $320. i surely hope this will not happen.

the price might go down a bit, but whatever is happening, i can't see the price go sub $350. the support there is simply too strong at that level.

at this point i think only bad news about a hacked exchange that lost tens of thousands of coins can make the price go down to around $250 or even lower. as long as this doesn't happen, we can expect the price to rise gradually.

i can't see a new ath happens just because of the block halving, but maybe we can come close to $1000 when people start to panic buy like there is no tomorrow. block halving plus reaching an agreement about the block size increase will give the price even a stronger boost.

it's not really a smart move to sell all your coins unless you have sold well above $400. waiting for the price to go below $350 is probably a waste of time as it isn't going to happen i believe. you are better off buying back 50% of your coins right now and the other 50% you can use it to buy when the price goes down more. at what price did you sell your coins if i may ask?

i strongly believe the block halving isn't already priced in 100%. the rise at the end of 2015 might have been due to the people scooping up coins early to not stay behind, but there is still plenty room for profits. i think the real peak will be much higher than when the price comes down and stabilize for a bit. i think we might see a peak of $800 to $900 and after everything has cooled down, i can see the price nicely stay around $600 to $700.

before there is an agreement about the ongong block size debate, we might be seeing the block halving is being completed first as an agreement regarding the block size can take another year or so. i have no confidence in a quick outcome.

bitstamp chart shows a low of $352 that was reached nearly 2 weeks ago. i am confident that the price will maintain its position above $350 as the support seems to be quite solid. i don't find the price to be stable and boring. the price is going up and down like $20 quite frequently. great trading opportunities for a lot people here.

that people scam each other is not the fault of bitcoin. exactly the same happens with fiat currencies. it's up to the people to use common sense when doing business here on this forum or outside this forum. when things look too good to be true, then it mostly is a scam. that's why using a trusted forum escrow helps decreasing the risks significantly.

you should change the title into 'is the bitcoin price being manipulated?' most people (me included) think the bitcoin price is being manipulated heavily.

volatility or not, bitcoin is whatever you want. it can be a currency if you so wish, it can be a tool to store wealth, or an investment tool. volatility makes bitcoin a more than interesting investment and attracts a lot people from all over the world.