I prefer both of them, buying when i have money and when the bitcoin price is cheap, and trying to sell at a higher rate, my prediction for 2016 are that the next year will be full of surprises for the bitcoin community.
so far in the history of bitcoin, what year hasn't been full of surprises? each year people don't know what to expect. one month the price gets dumped without any reason and 2 months later the price sky rockets while every one was expecting it to go down significantly. |
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I really thought we would be at 400 USD now, but for some reason there is much extra buy support at 440.
It means there is stil a little hope in me we can go to 500 USD.
it's better to focus on $500 somewhere in january. this year it could happen, but definitely not on christmas. i think the majority of traders will just sit back and relax during christmas. the price will barely move then. |
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i really believe in the long term potential of bitcoin. if you also believe in bitcoin, then you know that a price of $1000 will be considered peanuts. we will definitely see bitcoin smash through the $1000 price level again. it's just a matter of time. you are far too bearish.
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The amount of time between using bitcoins to pay for a cup of coffee.
Until this is as short as paying with fiat, there will be no MASS adoption.
i some times visit a cafe close to where i live, where you can pay with bitcoin. i just scan the qr code and the coins are sent, and i have my beer. it's that quick. they don't require you to wait for 1 confirmation. |
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no matter how trusted some one may look, it's better to use an escrow if you feel that it is better for you. that way you avoid the risk of being scammed. better safe than sorry.
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it's great that a certain exchange is interested in the blockchain technology. i only am still waiting for the day that one exchange will make it possible to trade bitcoin. that would really be great news. and it will give institutional investors the chance to safely invest in bitcoin instead of the sloppy current exchanges.
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Goldman Sachs predicted a price of $20 in 2016.
In my view, prognostic symptoms of a new world economy crisis starting in 2016.
i always take predictions that come from goldman sachs with a grain of salt. $20 is insanely low. i think it will fall a bit further, but not below $30. that's where it will bounce back. at least, that's what i think. |
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I guess bitcoin will be back to $400 or below when the beginning of january 2016. only according to my feelings  well, if you really think it will go to below $400 in january 2016, then right now is a good moment to sell for you.  after around 2 weeks you will be buying your coins back at a 10% discount in january. |
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I believe that bitcoin will touch $500 again in the middle of 2016. Bitcoin hype is increasing right now, slowly but surely. I think bitcoin will stay at $420-$450 till new year. We have reached a good point from $230 to $430.
$500 in the middle of 2016? that's nearly when the block halving will happen. at that time the price will be far above $500. and around the middle of 2016 my guess is at least $700. |
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It completely matters and everyone knows that.
Would miners continue if price was low? no.
Then it is very, very important.
Yes they will until the end even for a cents like it started. Price matters but not for that kind of believes. Bitcoin price really matters depends on what kind a people, trader, individuals treats bitcoin in terms of their purposes. Could you explain why the price wouldn't matter to some people? I just can't seem to wrap my mind around the fact that the price of bitcoin wouldn't matter to some people. How would they benefit from that? Unless they only use bitcoin as their currency, I could see why it wouldn't matter at all. Some people use Bitcoin as a medium of transportation of their wealth, namely: They want to move their Bitcoin from A to B because in their country they have capital controls going on. What do they do? They buy Bitcoin, move the coins, and sell as fast as possible, to guarantee their money is still the same after going from A to B. In this sense those people don't care about Bitcoin because they stay in Bitcoin for a very short span of time. every one is free to use bitcoin in any way they want. the fact that they are using bitcoin to move money from (a) to (b) is already a great compliment to bitcoin. it's up to them whether they stay in bitcoin for 1 day or 1 year. the usage is important. |
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i am a happy holder. taking profits at these prices are good if you make $100 profit per coin, but you'll make an even bigger profit when you sell it closer to the block halving.
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My relatives donot like bitcoin as they use to say that this online thing is only good for dark markets and is solely surviving because of it.
you should show them how easy and safe it is to use bitcoin. prove them wrong by facts. fiat is also used in dark markets, i only don't hear them say anything about that. |
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I bought them when it was $100 in 2012, but only 1 coin and not much, I was seriously unlucky to gain money at that time as my dad had no interest in Bitcoins, but I managed to buy with my own savings, and sold them at $600... It was a panic sell after it reached $1.2k... the bitcoin price has never reached $100 in 2012. i think you mean 2013. my lowest price was $150 or so. can't remember exactly, but it was well below $200. |
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Yes because bitcoins in the future is expensive and it will rise above our dream..
while increasing blocks difficulty the price will rise to in the future...
Your point is right dude.We can good value for bitcoin in future So many knows that still there are selling for fiat. Bitcoin saving is essential for long term goal. Because price of the BTC will grow accordingly Just need to little patience in saving without selling for fiat. no matter how low or high the price is, people will always have reason to sell. one person can't handle seeing the price go down, so he sells to prevent more losses. and the other can't resist a 10% profit, so he sells to secure his profit. and others may sell because they need the money in their personal life. |
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Just curious. Thanks.
Because there's no reason to go up... or even to be this high. The only way is down. the block halving is reason enough, isn't it? we are not even that high. people were easily buying when the price reached $425. they wouldn't do that if they thought the price to be high. |
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The price went down to 430 in a matter of hours. Continues to go down.
I predict that in the next 48 hours the price of 1btc will be 350USD
i think the dump is over and we can look forward again. not sure what caused this dump, but i never had the feeling it would go sub $400. |
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Some friends of mine got those cloud mining, against my advise, lost their money when they vanished.
Most part of this called "cloud mining" sites are just ponzi schemes and scammer sites, so be aware and be careful before investing there anything Nowdays a lot of scammers online and they tried to build trust by calling themselves as "cloud mining" Cloud minning is very risk and many scam, I agree with that. Therefore, I have been growing my bitcoin with signatures campaign. I think it is the most people do Yup a lot of people just do signature campaign if they want to use earn some bitcoin is the easy way. If you want you can also earn bitcoin thru a online work, also I have heard that just watching a video you can earn bitcoin. I am just not sure with that so yeah. i know that certain games allow you to earn in-game credit by watching advertisment video's, but i never heard of anything where you can earn bitcoins by watching video's. i would like to know where i can have a closer look at it. any idea where? |
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Low transaction fees and no need for banks.
It is right that low transactions fees and no need for bank, don't forget bitcoin also has so much price especially in my currency. It's my favorite thing from bitcoin i think that dude was thinking the thread title to be 'what's your favorite thing about bitcoin'  low fees and no need for a bank are absolute top reasons why people use bitcoin. |
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I am from India . my friend and relative actually don't know much about bitcoin , but when I try to explain them they said that it was stupid as instead of using bitcoin we can use PayPal and skill which has more security and the fraud people can easily be caught. They feel that there money is safe in there but according to me keeping the money in your account where it grows 5-6% anually we must invest some portion of our earnings in bitcoin because no one exactly konws what future holds for bitcoin.
Bitcoin is a VERY volatile e-currency which depending alot of the black market. Someone who put the money in BTC, must know that he can lose them. Paypal and other similars are payment systems. bitcoin isn't depending a lot on the black market. like fiat currencies, black markets are always part of the economy. it's not just bitcoin. beside that, doing a bit research before investing will give you a decent amount of knowledge about whether it is a good time or a bad time to invest. you will only lose money if you sell at a loss. |
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The price has dropped. I think it is good chance for new comers to the bitcoin to buy some. The price was expensive before.
the price wasn't expensive. it's pure market manipulation like always. it will go back up again. we have seen the price go up and down heavily before. good moment to buy for people that haven't bought yet. |
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