If you're thinking only about making profits, then treat bitcoin like a stock. buy low then sell high. However if you just want to get more bitcoins, you  just keep buying. Sell your stuff and services for bitcoins. Bet your bitcoins if you feel lucky. If you have access to free electricty get a used miner off ebay and start mining, it's still doable and a lot more efficient than using faucets, you can just get your mind off and leave your miners running. You can even try your luck at finding a block, which gets you 25 bitcoins (but only if you solo mine and not pool mining)

Thanks for sharing. Honestly I feel bad for taking your story to reinforce my belief that the value of bitcoin will ultimately rise because it's simple mathematics really, the less things are getting made the more valuable they become. Hope you didn't panic sell all your bitcoins and held some until end of 2013, you've made almost 10x profits

It's now going up. Buy now before it hits the $600 level

The price is going up actually

+1. Bottom line is, to get as many btcs as you can, if you're in the bitcoin game. remember there can be only 21 million btcs ever to be created. when over time it's becoming harder to mine, when block halving happens, and when we finally reach the 21 million mark, you can only get bitcoins from people who already have them.

There're really no Bitcoin alternatives. In cryptocurrency, the first mover is the be all end all. The price of altcoins are all based on Bitcoin, and that pretty much says it all.

My advice is sell when the price is above $1000. It will get there, just hang on till next year.

Do not make fun of a fool, instead, pity them, for they know not.

I remember when they said it won't fall below $400. It got below $350. Two months later, it got to $680. I'm not at all concern if price drops, it fact, I will be buying anytime it's below $400

OP probably wasn't a member yet when price hit $350 4 months ago and shot up $680 two months later. If you're savvy enough to buy at $350 and sell at $680 then all's good innit?. It's a cycle.

To 9 posts OP, it's actually a good thing that price drops. take the opportunity now to buy more if you can afford to

Anytime is a good time to buy bitcoins, as long as you hodl. But don't expect insane rises overnight. That phase is over, and if bitcoin were to go mainstream, it needs to stabilize, else it will not work as a currency, which is the initial purpose of the conception of Bitcoin. But many sees bitcoin as an investment and some even see it as stocks, buying and selling on a regular basis. If you're into that then no one can advice you, because no one can predict what's the price going to  be tomorrow. But if you're looking long term, say next year, then yes, it's time to buy now.

good time to buy some now. $500 levels are a steal at this point in bitcoin

Got me there, almost. About to call OP Veronica till I read the small print. 

Yes Bitcoin is a stock. It is also a commodity. It's also asset. It's also currency. It's also an investment. It's also a protocol. It's also a public ledger. It's also anti-establishment. It's also a solution to a problem. It's also open source. It's also anonymity. It's also freedom.

As long as you didn't say Bitcoin is just a stock, you're absolutely right 

 

I think those who embrace bitcoin because of its concept and not its get-rich-quick potentials would inherently have anti-establishment tendencies, which is why bitcoin is so appealing to them. Bitcoin is essentially anti-establishment. Those who  approach bitcoin as a commodity hopeful of getting rich quick would regard bitcoin as just that, a commodity, which they secretly hope it will die off so they can move on to the next get-rich-quick commodity. There really is only two types of people in this world - those who understand Bitcoin, and those who don't.

I've had my bitcoins stolen before, and I know exactly the feeling. Guys here rubbing salt to your wound by saying you deserve this or that blablabla without providing any help are imo insensitive but there really is nothing that can be done to get back bitcoins that has been sent out, it's the very concept that made bitcoin what it is essentially. If bitcoin transactions can be cancelled then bitcoin is worthless. But it's a very important lesson in life, and I must thank bitcoin (and the bastard who stole my bitcoins) for giving me such valuable lessons in ife and thankful that it's just bitcoin and nothing dearer. I have not experienced a loss in my life that would consumed me, totally sucked the life out of me until I lost my bitcoins. But I got over it gradually, eventually, and looking back now I am stronger knowing that I can handle losses, and will be readily prepared to face future, bigger losses if (touch-wood) I so unfortunately happen to. Forget about the whole getting back at them revenge feeling it's not worth the weight of living everyday with remorse and vengeance. All the best to you and hope you do not give up on Bitcoin because of this incident.

To say bitcoin is too big to fail is akin to saying the internet or file sharing or computing is too big to fail... that does not make sense at all. bitcoin is (simply, but ingeniously) a decentralised public ledger that tracks every single transaction that's ever happened with everyone agreeing it happened. Like P2P, once it came into existence, it's there. It's up to people to use P2P or not, for whatever usage or reason, but it's not something that can or can't 'fail'. Most think bitcoin is a new kind of money but while it is (it fulfills all requirements and characteristics to be considered as money) it's really more than just new money, it's a new protocol, a new way to do things trustlessly. It's something that totally removes the middleman out of the picture, and that is probably the most significant thing about bitcoin. The price of bitcoin in itself, no matter whether it's in the pennies or in the tens of thousands, is really quite irrelevant, but that's what most people see only in, the price.

no we've past that threshold. the new threshold now would be ~500 usd.

The thing with Bitcoin is, it's either adopted into the world as a currency in which case it would be deflationary, or it busts, zero value. Since adoption is growing, then its value will rise, guaranteed. It's not an assumption, it's pretty much binary, 1 or 0.