Still not convinced that this is the new floor yet, but I think the sub $10,000 threat is getting smaller.

Seems to have stabilised around £11,000, lets see if it holds it this time as a new floor.

Agree

And Bitcoin will stabilise at some point, Right now it is massively under priced for it's potential, when it gets there and banks have had their bums spanked and Bitcoin is as mainstream and used as fiat is today a 10% rise in a year for Bitcoin will never be seem again, definitely not in an hour like now 

Now that Bitcoin is mainstream, and it is mainstream, we now have to wait for the masses to see what we always see, Bitcoin drops and gives us a little fright and always comes back stronger. It was a big coincidence that when Bitcoin went past $10,000 and the mainstream media was talking about it 24/7 when it suddenly tanked yet again for the whole world to see what a dangerous thing Bitcoin was.

Part of me thinks it was stage managed.

I love it when mainstream "bad news" is thrown at Bitcoin, it feeds on it rather than suffers.

I think there is a lot of money out there right now waiting and wanting Bitcoin to go lower before buying in. I was expecting a bigger over due  bear run, but it just keeps fighting back. I think a lot of people in a few months or maybe even weeks will be kicking themselves for holding off. It's always been Bitcoins way, the big jumps come out of nowhere

 

Big jump in price in the last hour

What a ride Bitcoin is

I had no doubts in my own head that Bitcoin after the great year it had in 2017 was going to fall back a little, as it did in December. It never concerned me much as I knew it was only the day traders taking profits and those with little bottle chickening out. I think there is a lot of money just sat on the sidelines now waiting for a bottom to buy back in or for the first time, a dangerous game in my opinion. I think for a week now we seemed to have reached a floor which could last days, weeks or even months(unlikely). I think the next Bull run is going to be just like the rest and come totally unexpected, as I type this I can see a sudden 10% increase.

I expect at the least to see Bitcoin at $55,000 by the end of 2018

I have to partly agree.

But! 

I have always thought the way this is going to play out once all the hard work is done, somebody/something is going to see a beautiful payment system and currency that is  all boxed up and waiting to be used and jump in and be the first to use it followed by others. I can see no reason why a small once corrupt and problematic country with skills or a product use it as their main currency.

I have held Bitcoin for quite a while now and done very nicely, OK there was the dip in December, but you won't hear me complaining after the great year we have. I have also studied Bitcoin best I can, and apart from it being a great investment in my opinion it also has the power to do so much good in this evil bank ruled world.
Bitcoin never ceases to amaze me and more often than not does the opposite to what I thought it would do. When Bitcoin was attacked by JPMorgan in August along with China closing exchanges I thought we had a year of downside to contend with, wrong. I have always thought that when Bitcoin arrived at the eve of it going mainstream I thought all the real fun would start, and I believed it did go mainstream when it $10,000 in December, well it did in the UK and I am sure the USA was the same, it was all over our mainstream news. But what happened, it took fright and there was a big fall and a slight rally and now it is flat lining.

What a great ride owning Bitcoin is, but I am All in and going all the way

There is no particular bad news out there that warrants a big drop except one, and that is after a brilliant year some of the day traders are now taking profits, risky profits I might add. I have been here before and worse, in the early years where I held Bitcoin I nearly took fright and pulled out, I held me nerve though.

Bitcoin is just finding a new floor now, and once it does it takes little time for it to start rising again. The strong good fundamentals behind Bitcoin remain, have faith. I have always been buy and hold and am irritated, but except day traders . Put things in perspective and remember where Bitcoin was at the start of the year

I heard a little about Bitcoin years ago and stayed away from it. I was still cautious about Bitcoin early in 2017, but realised that it was rising fast in value. Rather than try and understand Bitcoin fully I just excepted that it was rising fast and it looked like it could go much further, so I invested a small but substantial sum.

We all know what happened next, apart from a scare in August, WOW!!
When I actually put my money into it my research began properly, yes I know that's daft, but I just listened to the clever people that loved Bitcoin rather than the grey suits in the banking industry who had every reason to hate it and just did not seem all that clued up on it to be honest.

I also now think Bitcoin is ethical, genius and a potential to be a massive force for good, but most importantly and selfishly for me a brilliant slightly risky investment.

Now here is my question and concern and I would love some advice good or bad. My small but substantial investment is now grown into a very nice sum in my ONE [Suspicious link removed] wallet, and that scares me a little to be now bordering on a little paranoia. I have never spent Bitcoin, I have never exchanged it back to £ pounds and the biggest worry for me that all that money is sat in one wallet in a company that is in another country.

I need now to start thinking security, for example how much should you have in one wallet, should I be using an online wallet, are [Suspicious link removed] ever reputable?

I am going to hold off to the 30th Sept, even though I am tempted to buy.

OK, I have lost some of the gains I made, but I am in quite a good mood, why?

1. There were some nervous people out there after the last few months gains

2. That idiot from J P Morgan spreading lies

3. China

We have had a rough few days and look whats happened in the past few hours, bitcoin rising again. I am not saying yet that buyers are thinking it has handled that load of bad news and looks good again, but there are good signs.

I will be buying more in the next few weeks, I might even be tempted to go earlier, not yet though

I have probably made the decision not to but until the 30th September, said so on here a few times today. But I am starting to think that bitcoin has handled the recent few days of bad news along with a steep rise this past few months very well.

I am going to stick to my guns and wait, but I am starting to have a few second thoughts, as I type it has risen $300 plus per coin, will keep my eye on the charts, but getting tempted. I am starting to feel the more dark forces try to destroy bitcoin they end up doing the opposite.

I would hold off buying until the 30th September, most of the selling up will be done by then and if the drops don't go much lower than $3000 things are going to start looking good.

Yes people are now looking for the bottom and a new opportunity to buy, I am one of them, but why buy now when you know the price might go even lower. This was always going to happen guys, the price went up too fast.

Looks guys this is quite simple.

Bitcoin has made some huge gains this year, the nervousness was out there for a bit of a fall and it just took any old bit of gossip and slight issue to set it off.

Like I said before I am both happy and a little sad. I am sad because I have lost some of my gains and happy because I was aiming for maybe 3 or 4 bitcoins, looks like I might be able to get several plus now

I am two things at the moment

1. A little cheesed off that I have lost some of my gains

2. Happy at the same time that I could now end up buying far more bitcoins than I thought would be possible

Is this the near end for bitcoin though?

Sadly I think we are in for a fall for a while, anything up to 50% off peak is my guess. Don't worry, it will recover though sooner than you think