i think these days losing anything in gambling should make anybody cry. mostly because bitcoin is starting to go up again and also with the halving getting closer the price will continue on this path up. so losing anything now means you have lost even more money in a couple of weeks.

this is such a general question that nobody can give one particular answer to.

because it depends on your situation, how much money you have and how much you want to invest in bitcoin and take risks. 1BTC can be enough for one person while others won't stop at 100BTC even.

yeah, i never like these gigantic numbers for bitcoin price either. all of them look so unrealistic to me. you can argue about the adoption and do a lot of math to prove $10K, $20K,... but i think all of it is irrelevant until there is real mass adoption and a couple of years pass after the adoption.

not everything is about the price though! although price of bitcoin is a big part of it that we cannot overlook because it is mostly being used as an investment plan. but i think it is more about the adoption of bitcoin by people and all the big companies out there.

if you don't want to do day-trading (meaning buying and selling bitcoin on every small changes) then i say it is a very good time to buy bitcoin because even if the price goes down for example $10 it would be temporary and there are a lit bigger rises in the future.

interesting, i did not know this, especially this part about the hardware wallets. although i am already using USB sticks for my cold storage i am also keeping a paper backup printed too.

nothing is going to happen and nothing will change if satoshi returns, people should really stop making a god out of satoshi and start to realize what anonymity is and how open source programming works. satoshi created bitcoin and others have been developing it ever since. even if satoshi comes back he will only be one developer.

yes it was a bad idea.
why? because you have invested all your money. it doesn't matter what you invest in (bitcoin, altcoin, gold, stocks,....) it is never a good idea to go all in. but on the other hand $3500 is not that much.

can you give the link to this proposal?
i have been hearing people dropping this (that seems to only be a rumor) here and there but they have never provided any link about who proposed this idea? so i am wondering is it something developers proposed or some random people?

the question is when is this going to happen?
if it would happen in this year, then yeah i would sell all my bitcoin because the price will come back down where i can buy back even more bitcoin. but since $5000 will take a long time to reach i will still hold but spend my coins then.

generally i don't like them because of the fact that they are going to keep the private keys of your wallet and you only have access to your funds through their site and your account, so in case they decide to ban your account you are screwed.

this is a good method but also it will cause you a lot of difficulties because you should remember all those wallets, and since you should never use the same password for all of them (because that makes it pointless to keep it with the same password in different places) then you also have to remember multiple passwords.

online wallets are being used a lot because they are easy to use and newbie friendly. it is the same way people have been using wallets forever like paypal or others. you just make an account and use it. that is why they are being used.
but they should only be used for small amounts that you want to have at hand for spending fast since it is harder to spend from cold storage.

that is true but there is a difference between chasing losses and knowing how much you have lost. you should never confuse the two together. because you have to keep an eye on your losses to know how much you have lost so you can keep it to a minimum affordable loss otherwise that amount is just going to rise out of control.

maybe, but i think it can also hurt bitcoin too. mostly because if there is a sudden rise (or a bubble) that will burst soon and there will be a big fall afterwards which can not be avoided. and that looks bad on the charts. it will make bitcoin look like a pump and dump to the untrained eyes.

what is the source of this chart?

anyways the information can not be reliable when it comes to bitcoin. there is an anonymity with bitcoin and also the spread between bitcoin addresses that you can never make such conclusions and charts. nobody is keeping coins in one wallet so you can't find the real whales.

also, these top addresses are mostly mining pools, exchangers, services, .... that hold a lot of bitcoin because of the nature of their business.

i am not waiting for an event i am waiting for the mass adoption which will come in a couple of years, so i will hold until then. meanwhile i will only use bitcoin if the vendor accepts it and may sell if there is a sudden rise leading to a big bubble, otherwise no sell for me.

haha, exactly. bitcoin will never become cheap. and even if it gets on the path of getting there, it will take decades to become worthless. because we are all waiting to sell our clothes to buy bitcoin dirt cheap!
and there is no reason to get on that path, bitcoin is growing everyday.

he is comparing bitcoin market (a 7 billion dollars) market with a shitty thousand or even million dollar market. this is a wrong comparison because bitcoin is so much bigger and also it is more spread than anything else so the dump (if it happens) will never be big. even whales are not a couple of people, there are a lot of whales and a lot of smaller whales and a lot of other small investors.

yeah, i think if bitcoin had a more stable price it could become much more popular but an stable price doesn't have to be necessarily tiny price changes like 1-10 cents. an stable price can be achieved if the price don't move with sudden swings like $20-$50 in a day to a week.