that's good advice for people who can't handle the volatile market as it is. but i think the bitcoin price at this point can go up significantly at any time. people will have a hard time forcing themself to forget about bitcoin for a certain period of time.

the closer we come to the block halving, the higher we can expect the bitcoin price to be. we have seen the price behave exactly like it is doing now, and back then a lot people were thinking the price to tank further, but the opposite was the case. the price started to go up and all people who sold at lower price levels have bought back their coins at a premium.

bitcoin is definitely a long term investment as the current price is nothing more than peanuts compared to the price a few years later from now. gold on the other hand is an okay long term investment. bitcoin has way more room for potential growth.

very easy to reach $700 before february 1? you really have no idea about how markets work. if it was really that easy, then we would already be at that price level. we might be happy to see the price stay slightly above $400 when we enter february. i hope your wrong prediction won't make you upset and sell at a loss. keep holding and who knows, we might reach $700 later this year once the block halving has been completed. patience is the key to profit.

even when the price is still below $400 and above $380, then the price has still performed well. current price is just temporary. i think the real action will start 1 or 2 months before the block halving. then people will regret that they didn't buy at current prices.

we will always be tied to a certain bitcoin price as long as 1 bitcoin is still worth $380 and not 1 bitcoin to be worth 1 bitcoin. merchants will never allow you to buy stuff without bitcoin being tied to $$$. i don't think we'll ever see this change.

sitting on your bitcoins as in holding is not a quick way to make money if the price doesn't go up nearly 20-50% in just a week. investing in some things as altcoins (which i don't consider to be a proper investment as it is more like gambling) can make you a quick profit in a very short time. but of course, there is waaay more risk involved then.

if you just look at the long term growth, then you can see that bitcoin has been increasing nicely. peaks come and go and same goes up for the lows that we reach several times a year. just keep your eyes pointed towards the long term charts and you'll be fine.

okcoin and huobi aren't owned by the chinese government. the chinese government can easily buy up all bitcoins in existence even if they cause the price to rise massively. also, the chinese government have had a great chance to buy at sub $100 prices in 2012/2013. these exchanges are definitely up to something, but it has no connections to any government.

i never trade when the price isn't moving much, i just relax and do other stuff not related to bitcoin. i tried to do some trading on slow days but it's not worth it. staring at the price ticker all days for a measy profit is not worth the time. i only trade when there is real market action.

these ups and downs that we see nowadays will be nothing compared to what we will go through as soon as the block halving pump begins. that's when people will start to go nuts.

bitcoin will either be worth a lot or end up being worth nothing. i believe in the long term potential of bitcoin and that we will see the price break through $1000 again and stay above that price level. i don't think in terms of bitcoin reaching $5000 or $10000 while we haven't seen the price at $1000 yet. once we hit $1000 then we'll be thinking in the range of $2000 as being the new target.

that's mostly due to the fact that the media is wrong about bitcoin. the average joe is the kind of people who nearly believe anything that come from the media. it's sad but the hard reality.

some threads are indeed very informational to read through, but there is way too much spam and trolls trying to derail the treads. especially the wall observer thread. some times it looks like a war zone instead of a normal thread where people share their analysis and such.

they have done so already when the prices were in the range of $200-$300. they had plenty of time to accumulate. right now they are just waiting to make good profits.

everything is possible when it comes to bitcoin. we've seen plenty of unexpected stuff happen before where the price was dumped down to sub $200 price levels where most people said it will never go sub $200 ever again. it's better to keep a realistic view on things i have learned.

smart traders will wait for the dumping to be over and buy back at the lower price levels. if the demand keeps increasing then the price might eventually go x4 from current price. which means that you'll still make a profit when you buy at the doubled price as you say.

here in the netherlands sending money from one bank to the other is also free. holding a bank account is not free here. it costs between €1-€2 per month for normal bank accounts. bank accounts for business purposes are more expensive. if you send money from bank (a) before 2pm, then the money will show up before 5pm in bank (b). if it's done after 2pm, then it will post the next working day. if you send money to the same bank, then it will post instantly.

the market is moving slow lately, but i think we won't see the price fall down to $300 as the demand above that price level is quite high. the lowest i can see the price fall back is probably $360 for now. if it falls below that price level, then the floor will probably be $340-$350.

reaching an agreement about the block size issue is what can give the bitcoin price a massive boost. other than that there isn't much that will trigger the rocket to take off. at this point we need to wait and aim our focus on the block halving.