nowadays the more experienced traders know exactly how the market works. only newbies and rookies always find themself being trapped into a wave of panic sellers. they sell and end up buying back at a premium. it's sad for them but the hard reality. most of the people who are into trading have started with losing money. but the thing is that you learn from the mistakes you made back then. these people are now making good profits.

don't spend too much time on this kwukduck guy. he is only out to disrupt the community here. only, without much success. he only spreads negativity. i know that some things can be improved when it comes to bitcoin, but someone saying bitcoin is dead is just trolling. bitcoin is only dead (temporarily) when there is no internet anymore.

well, smart traders don't have regrets about not buying at prices when it was quite low. they use that situation in their advantage to scoop up as many coins as possible. it's funny to see that quite a few people were seriously doubting whether to buy or not when the price was stuck around the $250 price level in 2015. they kept saying 'what if the price goes down more???' lol.... seriously? these are the people that are currently blaming themself heavily for not buying back then.

it actually did go down with around $60. if you took the time to look at the date this thread was created you would probably know op isn't talking about now. btw... it's very possible to see this happen again as the bitcoin price has seen larger price swings in just a day.

i do expect a block halving one or two weeks before the actual halving. i only think it won't bring us to anywhere near the $1000 level as some people think. if the price reaches $700 then we have done an amazing job.

i still think we will see the price touch at least $700 this year. the speculation part will be the main price driver. also, maybe a week before the actual block halving people will start with panic buying which might trigger a rally. i am only not sure whether the $700 level or higher can be maintained for long as i expect the price to tank significantly after the block halving.

small miners may leave, yes. that's not really a problem. the larger mining farms have a minimum of 25% of spare hashpower to activate. if the difficulty drops, these farms will simply turn on the extra capacity that they have. and then the difficulty will go up again. no problems here.

banks will insure you a certain amount if something happens with the banks due to the bad economy for example. if you have $1 million in funds and the banks goes bankrupt, only 10-20% of your money will be secured. it's definitely not safer than bitcoin. as long as you don't click on shady links or download bad stuff, your computer won't get infected and you bitcoins will remain very safe.

being unstable doesn't matter when it comes to bitcoin. it has been like this since the very beginning. most people are used to it and are using the volatility to make profits. also, would you mind to explain what exactly you mean with "bitcoin can still collapse easy"?

i don't think the price will fall back to lower $300's, but if it does anyway, it will be a great moment to enter the market. those who have been complaining about missing the opportunity to buy sub $400 coins can now make themself feel good again and buy. i personally think the bottom is still $350 as last time.

well, the block halving is just a few months away from now. for me these few months are really nothing as i am a long term bitcoin holder. my target is to hold my coins for at least a few years before i start selling some to secure profits. but the majority of the people here don't have that much patience. these people will secure profits as soon as they see they made around 10-20% profit. and when the price goes up they regret having sold their coins and then they buy back at a higher price to get rid of their bad feeling.

there are no guarantees when it comes to bitcoin. people (me included) just assume the price will go up due to the upcomming block halving because the block rewards will drop from 25btc to 12.5btc. the chances are very small, but the price can also go down significantly. i think 95% of the people don't think about this scenario, but it's a realistic scenario.

people hold to see the dollar value of their coins increase. it could be for plenty of reasons. especially if you use bitcoin as store of value. and others just sell when they think they have made a decent enough profit. that's how they make profit.

of course bitcoin can't make banks disappear. not sure why people still think this is even possible. bitcoin is nothing more than an alternative to our fiat money. governments will never allow something to take over where they don't have control over the whole economy. control is the most important thing for them.

whales have stashed up the majority of their coins at sub $300 prices. the coins that they use to manipulate the price at the moment are just coins they are playing with. the other coins will be put to action once the price reaches very high price levels. that way they have always coins to manipulate the market with.

that's exactly how you must see it. i only buy when the price is getting dumped down heavily. a lot people get scared and sell as result, but for me it's the perfect opportunity to enter the market at a lower price. all prices below $500 are a solid price to enter the market if you plan to hold your coins for the long term. my target is to hold the majority of the coins i have for plenty of years.

this is nothing new. it's happening for quite some time now. for some reason large traders don't want the price to rise. i just hope we can maintain the $400 level.

it depends on whether you think bitcoin has a solid future or not. if you really believe in the future of bitcoin and that it will see global adoption where you can pay everywhere with your coins, then you can safely put some money into bitcoin for plenty of years. if you worry too much about the volatility then you can better invest your money into gold as that will give you a much safer feeling. i personally will always choose for bitcoin. that's why my goal is to hold at least 60% of my coins for a minimum of 5-10 years.

governments are simply not interested in the whole bitcoin thing beside the block chain. that's the only thing they are interested in at this point. if bitcoin grows too much and the governments feel sort of threatened, they will simply come up with ridiculous policies to hold back the growth of bitcoin. that's basically the only thing they can do to slow down bitcoin. other than that they don't stand a chance.

well, they probably don't know what bitcoin is or don't know how it works. accepting bitcoin as form of payment can bring extra revenue to their stores. they are crazy if they don't move with the time and start accepting bitcoin as payment option.