it all depends on the price. it's true that due to the fact that there will be less and less coins to be mined that the impact will be smaller, but if the price increases with 200% for example, the halving will still have a great impact on the price.

if you plan to hold your coins for the very long term, then even right now is a great moment to enter the market. but you must not panic when the price is getting dumped to the ground. just keep holding and you'll be fine.

it also depends on how much profit you have made. if you made a profit of at least $50 per coin, then it's a decent profit to sell for. but if you just made around $10-$20 profit per coin, then it's definitely better to keep holding.

smart people buy when the price is going down as that will give you the best profits. i never buy with all my money at once. i always buy with around 10-15% of my money. this allows me to keep buying all the way down. that way it allows me to buy at the bottom and benefit at most from the price going up.

everything is possible, but i think the $600 price level will get supported long enough to not let it fall below it. otherwise it would be quite sad. of course there is always money to be made whether the price goes up or down, but i am also interested in seeing the price climb up steadily, and not fall back to before block halving prices.

if you buy now, and the price indeed happens to go down quite a bit, then you have not lost anything. you only lose money when you start selling at a lower price than where you bought your coins at. if you think the price may go down, then keep waiting. but it can also make you miss out on another rally that might push the price to $800 and higher. there are risks in either way. if you don't buy now, you risk missing the price go up. if you buy now, you risk seeing the price go down further.

reaching the $1000 price level before the end of the year is definitely a realistic possibility, but i personally aim for 2017 before we reach $1000 again. it gives the price enough time to build strong support levels while it goes up slowly. i always prefer a slower growth as it is far more sustainable compared to when it peaks at $1000 in a matter of weeks. then you know the price will go down heavily again.

exactly! there are many threads where people are talking about insanely high price levels. it makes no sense to talk about $50,000 prices while we are far below the $700 price level. when we finally touch the $1000 price level again, then people can have a fantasy about reaching $2000 prices. and when we reached $2000 then people can speculate about reaching $3000. that makes sense. from below $700 to $50,000 doesn't make sense.

the price went up high in a very short time. and we all know that nothing goes only up in value. at some point a massive correction will follow taking the price down due to people securing profits. it looks like that was the big correction. that's what i mean with saying the correction has already been done. media attention can indeed cause a massive influx of get rich quick people to invest into bitcoin.

the hype around the block halving is indeed coming to an end, but the correction has already been done when the price dropped from around $770 to far below the $600 level.

people are free to use bitcoin the way they want. it's a multi purpose tool if you so wish. it can be used as a currency to buy and sell stuff. it can be a store of wealth. it can be an investment tool, and so on. and beside that, there are enough coins in circulation to keep people happy. the higher the price is, the smaller the transaction will be eventually.

don't think the price will come close to the $50,000 price level, ever. but you can just keep holding it for that long just to see where bitcoin goes. maybe it will indeed become worth a lot, and maybe it will become worth next to nothing. only time will tell.

bitcoin has much more potential future growth than gold. i think everyone, or at least nearly everyone agrees with that. the only difference is that with gold you have the guarantee that it's still here after 100 years. with bitcoin that remains to be seen. we don't even know if it's still the leading digital currency after 10 years. but if bitcoin lives up to its expectations, then i have no doubt about bitcoin being successful and still leading after 10 years.

what's so special about the current price that it makes it harder for you to predict where the price is heading compared to volatility from let's say in 2014 and 2015? i don't see any differences. bitcoin is as volatile and unpredictable as it always was.

bitcoin definitely has the potential to replace/take over banks and even transform the current financial industry. but i can't really see banks and governments allowing bitcoin to come close as it can be their end. governments will lose out on billions of yearly profits, and banks will fall one by one. at this point it's more a fantasy than something that's really achievable.

maybe that we will not see much increases as we are heading very close to the block halving now. looks like we have already seen the rally which brought the price very close to the $800 price level. maybe that we'll see $700 again just before the block halving, but not more than that. people now seem to be waiting for something that might not come anymore.

price swings of $40-$50 are not exactly what i consider to be 'little changes'. there is enough volatility to make good profits. btw, bitcoin has not been stable for weeks. just open bitcoinwisdom charts and you'll see it too.

we need much more time in order to reach $10,000 prices. and on top of that we need wall street level traders as they can play with millions without breaking a sweat. without their millions and potentially even billions we will never see such a price.

if the price happens to touch the $1000 price level, then i will surely use that opportunity to cash out a good amount of profits. and as you also said, there are people who are waiting so long for the price to get back to such a price level again. it will take a few attempts before the price somewhat settles above the $1000 price level.

exactly that. the media however always takes out bitcoin as being the bad guy. they don't care or look at the fact of how much fiat money and prepaid credit cards are being used for illegal things. they always point at bitcoin. it's a shame. this just shows how ignorant the larger media channels are. or they are running an anti bitcoin campaign to scare off people.