I don't think it's too late at all. If I had any extra income I'd buy some more now that the price went down a bit, but I guess I'll just stick with what I have. I think the price can easily double in the next couple of months. Hell it might double in the next couple of weeks given that mid-January is typically bonus season for Wall Street. Lots of young guys with fat bonus checks and disposable income to buy something exciting with. I have a feeling the price of Bitcoin is going to ATHs soon. Over the course of the year, of course it'll be much higher than we are now.

Unless you feel like taking major risks on sh*tcoins that are getting pumped and dumped left and right, I would definitely get some BTC and HODL.

Why are you here spreading FUD? I don't get people like you. Go away.

The ultimate HODLer, someone who completely lost his coins 

In all seriousness though that must suck to lose that much money. My question is, does BTC getting locked and being unreachable like this make the value of the circulating supply higher? I would think since we will never have that full 21 million circulating it will make the supply even lower, and therefore the price higher.

As the other guy above me said, it's a hardware wallet and the safest way to store the Bitcoin. I personally use the Ledger Nano S. It works really well. You should do a little research on this on your own before moving any BTC into a wallet. Watch some youtube videos, plenty of guides and walkthroughs on it.

The only reason I would do a bank transfer rather than credit card is the limits. My bank allows me up to $10k per week whereas it was lower on credit card. If you intend to hold BTC for a while then bank transfer is fine. You will be locked in at the price you purchase it at even if it takes a week for you to get the BTC. Just be on the lookout for when it actually transfers to your account so you can put it in a hard wallet.

Yes, direct from the bank transferring into Coinbase does take about a week. If you do a credit card buy it'll be much quicker.

Depends how much you move that way, but if it's high enough you still have to pay gift tax. If say you receive 15 or 20k from a relative for no reason, that's taxable money. One way or another you will pay tax. This is why people hire accountants, they try to minimize the tax you pay, but you still pay.

Price is already above 17k now. Up up and away baby!

I remember mentioning I own BTC to family members a few weeks back and someone said "Bitcoin..? Are you sure that's legal?" True story. Without any actual information or facts, they assumed it was something shady just because of random stuff they had heard on the news. I imagine it's very common everywhere for people to have the wrong idea about it.

At least with futures trading and potentially Goldman Sachs launching a trading desk soon and having BTC assets on hand, it will give some legitimacy to it.

This is all my internal speculation but given that some of the altcoins have been surging a lot lately, and given that now apparently some of them are downtrending (like Ripple for example) - it's pretty clear to me what's happening. Altcoins got pumped and now the money is gradually flowing back into Bitcoin during the dump.

I say gradually because Bitcoin would have shot up a lot higher and faster if all the money drained right away, but we'll get there. Look at how fast we went from almost 20k down to almost 10k a few weeks ago. As soon as the FUD starts to hit on some of those altcoins and the FOMO starts with the rising BTC price, people will convert their money back into Bitcoin.

I'm expecting >20k in the next week or so. That might even be a conservative view of it. It all depends on which direction the whales decide to go in, but I have a feeling the money will flow back into BTC soon.

You should always pay your taxes, especially if you're in a country that cracks down on that sort of thing (US for example). That kind of thing is no joke. That's how they got Capone.

I would say you should handle it like any other investment. Treat it as either a capital gain or a capital loss. Offset the gain against your basis and pay the taxes on that whenever it's due. Some of the exchanges like Coinbase give you a history log of all your transactions. I would take that log at the end of each year and do the math on your profit or loss, and that's your taxable gain.

A lot of money has been pumping altcoins lately, but I think a lot of that money will flow into Bitcoin in the next week or two.

It seems to be hovering around 13k as it has for about a week now. I don't see it going any lower aside from some minor movements here and there. I think this will be a good sign to investors to buy in for another pump in the coming month. I think you're right, 40k isn't out of the question or anything.

You should buy some more at the price now to offset your 19k purchase and average it out at a lower buy-in. The price will go back up but you should try to make a profit when it does, not just break even.

I think news articles are creating some panic with clickbaity titles and things along those lines. The SK restrictions sound good in my opinion, but the general public might have gotten the wrong message out of it. I think this downtrend will bounce back in the next few days as people start to understand it's not the end of the world.

The way I see it is I'm not selling at a loss no matter what, and from there it becomes an easy decision to just hold on to it. The price won't remain 14 or 15k forever, it's bound to go up sooner or later. Just a matter of time.

I've been seeing a bit of a pattern, one day there are somewhat significant losses, the other somewhat significant gains. However each time we gain, we get higher up than we were before, and with each loss the floor increases a bit. I think this sideways movement will be a clear bull flag in the next coming weeks and we might see the price bounce up again soon.

I think though that there is a plateauing of sorts that happens the higher up we get. There is more resistance after a while. For someone to get a BTC for $1 is easier than for someone to get it at $10k or $15k for example. So yes, while it may have been unfathomable for it to go to 100 or 1000 for example, the price growing 10x from 100 to 1000 was easier than the price growing 10x from 10k to 100k. There is far more resistance at this level.

I think ultimately the price will grow. We might hit 50k in 2018, but we probably will not see the 1800 - 1900% increase that we saw in 2017. No reason to be concerned though. Unless you have hundreds of BTC in your wallet, the % increase isn't what matters. Think of your profits in regards to what you can buy with them, not your ROI. Even a $1,000 profit is very significant because it can buy a good amount of stuff.

Just hodl the bitcoin. It's at 14.5k now and rising. Every hour there's a different price. Sometimes it's below what you bought in at, other times it's above. But even if it's a bit higher you don't want to sell just yet. The point of risking your money was to make a significant profit, so just hodl until it gets back to the 20k range or higher. We'll see what 2018 has in store for us.

I agree with you, it's tough to hold when you're at a loss like I am currently, but it would be a rookie move to sell it now at a loss knowing it's most likely a normal correction as many people here are stating, and that the price will surely (and maybe slowly) climb back up. Hodling is hard when at a loss but necessary.