I dont know why $500 seems to be such a hard number to get to, it looks like we are slowly climbing though. Would be a good start to 2016 if we broke $500 in january which isnt impossible.
of course $500 isn't impossible to reach. you only must not forget that there are large traders that bought their coins well below sub $300. as soon as you see the price come closer to the $500 price level, you see it goes down again. too many people are waiting to sell at this point. as soon as they have taken all their profits, then the price will go through the $500 barrier. |
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Bitcoin has raised 100 dollars on the last months becuase speculation it can easy return the 200 dollars value that were stable value ,down it would case panic for the most holders.
when it comes to bitcoin, everything is possible. it is however very unlikely too see the $200 price level back unless an exchange gets hacked and a lot coins are stolen. then it can trigger a massive selling wave. without significant bad news it won't go down that much. |
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soo soooo buy litecoin?
i would not be surprised if they are the one behind the litecoin pump too, and because of this i'm expecting the same thign for bitcoin when the halving come Yes there was a Litecoin ponzi scheme in 2015. I remember price shot up to $8 I believe and then got dumped. There was also a video around somewhere which was leaked. I think somewhere in the chinese subforum. Here an article I've found. http://www.dailytradingprofits.com/4669/was-litecoin-pumped-by-a-chinese-ponzi-scheme/It has recently come to light that a Chinese marketing company has been recruiting Chinese investors into a litecoin “cloud mining” ponzi scheme. The scheme had a price tag of 500 litecoins to enter and promised high returns of passive income.
This is the address of the ponzi scheme, which shows that it had a total of over 9 million LTC valued at around $40 million dollars. There are only 40,694,504 litecoins in existence, which means that this scheme managed to accumulate 22% of all litecoins!
The buying pressure came from over 10,000 Chinese investors which definitely explains why the price shot up so quickly. It could be that the litecoin block reward halving was just an excuse to sell this pump to people. litecoin is much easier to manipulate. if the same guys will also try to do the same with bitcoin, then they probably can get the price up by $50-$100 at most. which is still a great increase. i only don't like that the price gets dumped down afterwards. these kind of price increases are not what most people are looking for. |
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Safe investment can hardly be used with BTC, I think it would be a smart investment to buy 1 BTC now as the price is moving favorably and it seems likely to rise more IMO but you can never be sure with BTC, The price can fall as it did before when BTC was $100 so I would call investing in BTC a gutsy move.
it highly depends. if you think bitcoin is the future and 1 btc = 1 btc, then you can't lose anything. if you have no patience and you can't handle seeing the price drop significantly, then yes, for you it will be a very risky investment. investing in bitcoin is different for every person. |
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The problem is most people get sucked into get-rich-quick schemes like ponzis and gambling and as a result they will lose most of their money.
that's because people have no patience and they find holding to be very boring. they don't realize that holding bitcoin is a very low risk investment since we are still at the beginning of everything. the price can only go up from here. |
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i find working with decimals very easy and smooth. i could also use mbtc, but that requires me to get used to it. not really a big deal, but still... i much rather work with btc.
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Saddly, My first bitcoin purchase was at the 1100s. I did try to average down and buy more when price continued to go down. My average cost today is still around $600 per. Hopefully, I'll break even sometime next year.
what will you do when you break even, sell? i would just wait with selling untill we reached the block halving. by that time we might see the price come closer to $1000. then you make yourself a nice profit too. |
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it will not go under 400 dollars as there is a big wall as far as i know and the price doesnt seem to fluctuate enough to drop that much , though if it will drop i guess it would be a great chance for me to buy some bitcoins for my money that i have left over
walls say nothing since the traders behind them can pull them instantly, and then the order book will look completely different. |
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As the major economies are finding their foot again after years of stagnation, I would assume Bitcoin would rise in value in the year to follow. If it will reach USD 500 in 2016 is hard to predict, but indeed possible. Maybe a more realistic peek would be around the 460 mark.
do you even know what you are talking about? 2016 will bring us possibly closer to the $1000 price level, and you are talking about a "realistic" price of $460 in 2016... |
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It could be boring without new innovation paving a pathway for it to keep relevant for people to keep using it. Or it would be in people's eyes as "Did that don that!  " bitcoin itself is the innovation. what else could you think of as being an innovation that will help move bitcoin even faster fordward? so far there haven't been a boring year for bitcoin. all years were quite profitable for smart traders. |
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my guess is that we will see a new ath for sure in 2016. i am only not sure whether this price can be maintained. i'll go safe and say $1200.
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This is why Venezuela will be the first country to adopt a virtual currency. 0.037 Bitcoins o almost 12 Us$ It loos like a lot of money, but is the equivalent to half of the monthly minimum wage  By look of it seem like you have milions due to the higher price you can get that amount of fiat money for less than 0.03 btc, right now as it is worth $12. it's insane how low in value certain fiat currencies are. glad that there will never be more than 21 million bitcoins. |
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I guess that will not happen, the dollar is also a tool the best deal in the world, it is very difficult to replace bitcoin, because not everyone knows bitcoin, and how to use
even if every one knows bitcoin, then it still won't happen. us dollar is the currency of the world. everything is priced against the us dollar. nothing will replace it the comming 50-100 years. |
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no, stay a few more days in December 2015 will end, it is very difficult to bitcoin reached the price of $ 500, maybe bitcoin prices will decline because of the withdrawal or redemption of bitcoin to local currency
bitcoin price will surely go up. it's just a matter of months if not sooner. i do however agree with you that reaching $500 is very difficult. we need to add a lot buy support to keep the price there. if we manage to do that, then we will see the $500 level get stronger and stronger. |
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If the bitcoin foundation would announce that Ebay or Amazon would accept bitcoin, it would be nice.
But in terms of news I think we have to wait longer. The price however will uplift to 500 USD. Of that i am (almost) certain.
can you tell me what the bitcoin foundation has to do with the announcements of ebay and amazon accepting bitcoin? i say nothing. |
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I think you are talking about 1 bitcoin, if you have enough money than you can buy 1 bitcoin right now without thinking much as price is some dollar low than usual. Best time to buy.
yup, the price will keep increasing so it is always good to buy now and hold it. you also can consider to use it whenever there is a need. in this way u also can help to generate more flow in btc. it depends. some people just want to use bitcoin as an investment. they buy, hold, and sell when the price has gone up. they don't care much about using it as currency. |
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In all honesty, I can really see the price of bitcoin increasing within the period of a year probably up to $500+ at least. it is good to hold onto them for the price increase but I would like to see if I can try and increase my BTC via trading
trading is good if you know how to do it. that's just for bitcoin. if you trade altcoins then the risk is way too high as investing in altcoins can be seen as gambling. it's purely luck that you need when investing in altcoins. |
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A lot of people believe it is China driving the price. Maybe people are getting rid of their extra coins after getting the best deals during Bitcoin Black Friday.  it is indeed china that is driving the price. they are responsible for the majority of the demand. i think china's market share in bitcoin will only grow and grow. we can't do much about it. |
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bear market ended when we went over $300. we are now going to see the price continue to rise further with here and there a dump. i expect it to continue at least till after the block halving.
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BTC is a currency of the future IMO, it has huge potential and take money a whole new level, I think it's growth will depend on how fast people will start using it.
bitcoin adoption will come when it is easier than now to buy bitcoin. the buying process is too difficult for the average joe right now. people will then more likely spend their coins. especially when there are local places where you can spend your coins. |
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