If you consider the current price to be too high, then you can just buy yourself like 0.1BTC or 0.2BTC for example. You don't have to force yourself to buy a whole Bitcoin.

That's exactly what I was thinking. Perhaps that it is a good idea to give OpenBazaar some shine through a signature campaign as well. If nothing happens regarding adverstisements, then it will remain an unknown thing.

It also lacks advertising. I am here for quite some time now, how many times did I see anything telling me about OpenBazaar? To be pricise, zero as in nothing. How can someone then expect OpenBazaar to gain popularity? Without advertising it's going nowhere.

Of course it's not going to happen. We might not even see that price next year as the closer we come to the $1000 level, the extremer the selling pressure gets. If we can get the price to increase with around $150-$200 every year, then it's already a great achievement. $1000 is not realistic at this point.

I agree that Bitcoin isn't at the top of the list of traditional investors when it comes to moving their wealth to another currency for example. But Chinese people do like challenges as their investment style can be seen as very risky, which to a certain extend can even be seen as gambling.

OP; It won't make people jump into Bitcoin, but I hope at least they have Bitcoin in their mind as a serious option. They don't have to put everything into Bitcoin, even 10% would be enough to give Bitcoin a massive rocket boost.

First of all, it's impossible for Bitcoin to replace banks. Second, there is no bank using the blockchain technology yet. They are only researching the possibilities of it. That's far different from actually using it. Third, if banks every adopt the blockchain technology, then it will be their own version of the blockchain, and not the one from Bitcoin.

Patience is the key to every investment, but your statement isn't very fair as you basically blame Bitcoin for not going up as much as you are hoping for. You have to look at it from a yearly point of view. If I take myself as an example, then this year alone I have made over 125% profit, and the year isn't even over. It's done via trading, selling some coins at the peak in June, etc. It's up to you how much profit you make, not Bitcoin. If you are active, then you can make great profits, if you don't do much, then you won't gain much.

It's too soon to get excited over this. Let's first see if the price maintains its position above $600 first before going too much into details. Bitstamp still has to reach $600 at this point.

News doesn't drive the price upwards. The only impact that news has is negative. Any price movement is a more than welcome thing for traders as me. It means money making opportunities.

It already touched the $600 level on most of the exchanges, beside Bitstamp as that exchange peaked at $598.64. People should have bought before this increase happened. There is no need to wait for the price to go up to start buying as result. It makes you miss out on profits.

It's just an out of nothing increase. That's why I don't understand why certain people directly think the price will hit $700 again, or even a new ATH. These kind of increases mostly don't last very long. Looks like Bitfinex was the first to initiate the increase where then Chinese exchanges followed with a massive green candle.

Selling stuff is the better option, because when you don't have any money left, and you take a loan, then you'll get yourself more into troubles if things don't go to plan. That being said, desperate people are the type of people that do scam others in order to get themselves some money.

You should have collected your coins before this increase, when the price was closer to $500 at the time the Bitfinex hack started to kick in.

Classic example of how someone gets too much hopes from such a small increase. Yes, it touched $600 but that doesn't mean we'll hit $700 any time soon. We don't even know if we fall back below $600 again in the coming days.

From where do you get the impression that the demand is increasing? Just because the price has gone up like $20 today?

It's not a big deal when you buy some coins at a certain price, that it starts going down from there. You don't lose anything at all if you don't sell your coins at a loss. Just having patience for the price to go up is enough to see your coins gain value again. This of course is assuming that you have bought your coin at decent prices and not at peaks as the all time high back in the days.

If your definition of "The Year Of Bitcoin" is price related, then the near collision with the $800 price level in June makes it exactly that. The price won't go higher than that anymore this year. Don't wait for something that isn't going to happen.

It of course depends on what country you are living in, but in well developed democratic countries Bitcoin is mostly seen as part of your wealth. In that aspect it's not black money at all. This is of course assuming you declare your Bitcoin holdings. If you keep them away from the government, just like you are saving fiat in certain islands where people think their money is safe, then it's being considered black money by the governments.

Politics from the highest levels never do something without putting themselves in front of anything. Especially when it comes to countries from the African continent. Themselves first, people last. These countries don't like Bitcoin at all as it gives people power and financial freedom. In that aspect I'm not really surprised by this.

You're here long enough to know that the current price is far from low as you call it. You don't see what kind of effort is required just to keep the price at current levels. If you knew, then you wouldn't call the current price low. 2MB blocks will surely come, it's just a matter of "when" this year, or next year. The current 0.13.0 client has segwit implemented, but it's just sitting in the background without doing anything yet. We can only wait for the day this feature get triggered.