Bitcoin VS Time

[PizzaBTC]

I think this year 2016 will also be remembered as a bad year for bitcoin due to recent bitfinex hack. In which 1,00,000+ bitcoin were stolen which is comparatively big and due to which market get dumped so hard. 

True, but even the price is dumped and lowered  the bitcoins price because of bitfinex hacked coins but as we can see it still manages to increase its price gradually. We really do expect some  up's and downs of  the price and its normal because of some circumtances but still  the uptrend  is still there, we must all be patient.

Very observant! I’m glad people like you exist and it is just proof that people can see the trends. I too notice that while the hacks may make bitcoin seem less reliable, it is actually still slowly gaining value. That’s because people like us know these security issues will be fixed and bitcoin will continue to gain momentum.

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[septian44]

I think this year 2016 will also be remembered as a bad year for bitcoin due to recent bitfinex hack. In which 1,00,000+ bitcoin were stolen which is comparatively big and due to which market get dumped so hard. 

True, but even the price is dumped and lowered  the bitcoins price because of bitfinex hacked coins but as we can see it still manages to increase its price gradually. We really do expect some  up's and downs of  the price and its normal because of some circumtances but still  the uptrend  is still there, we must all be patient.

Very observant! I’m glad people like you exist and it is just proof that people can see the trends. I too notice that while the hacks may make bitcoin seem less reliable, it is actually still slowly gaining value. That’s because people like us know these security issues will be fixed and bitcoin will continue to gain momentum.

Bitfinex theft case is the biggest disadvantage of the stock exchange Bitcoin,Given the numbers, the theft case has triggered many levels of confusion and frustration among market traders bitcoin prices fell sharply after the news came out but now is back to normal,the bad news is no longer disrupt the current bitcoin prices.

[Coin-Keeper]

This thread really gets a person thinking about TIMING for making a significant move.  I bought a few more coins early this year and felt like I over paid, remembering how they bottom'd out last summer 2015.  I ended up pleasantly surprised.  I find I am now gaining more confidence that BTC can weather the ups and downs that happen every year.  I am pretty confident that a long range thinker is in a good industry.  You just have to resist the urge to "bolt" on the down cycles by looking at the history of the coin.

[Akupuniard]

I think that 2016 is not really good year for bitcoin, and i know about halving and other good stuff, but what about bitfinex?  A lot of money was lost and it's not over.

[stevo401]

This thread really gets a person thinking about TIMING for making a significant move.  I bought a few more coins early this year and felt like I over paid, remembering how they bottom'd out last summer 2015.  I ended up pleasantly surprised.  I find I am now gaining more confidence that BTC can weather the ups and downs that happen every year.  I am pretty confident that a long range thinker is in a good industry.  You just have to resist the urge to "bolt" on the down cycles by looking at the history of the coin.

There is an investment tidbit that 'time in the market beats timing the market'. Very few people an accurately and consistently predict price movements in the short term. There are only a handful of stock investors who can  provably time the market on an ongoing basis, so what makes bitcoin any different? We don't know what events could unfold tomorrow - bitcoin could be accepted by major retailers (boosting demand) or world governments could find a way to track and tax bitcoin transactions (lowering demand). Major accounts could be comrpimised and the risk of BitCoins being stolen could increase. I'm not saying either event will happen, you can only bet on what you think is likely.

[Teraboy]

There will always be negative events in any financial market. 'A Bad year for bitcoin' isn't defined purely by one or two negative events, or the fact that bitcoin values haven't grown as much as you would hope (which is still around 39% since January 1st - an above average result for any financial market).
Considering that bitcoin is becoming more widely accepted, 2016 could be seen as a success regardless of the change in bitcoin value - for example, you can now spend your bitcoin at Dunkin Donuts. This is a massive win for the acceptance of bitcoin into society.

Just because your expectations weren't met, doesn't mean it's a "bad" year already. There are a lot of other factors that needs to be given consideration and I can make a long list of it. See, this year, despite the finex event, actually is a good one because a lot happened and there was so much movement.

That's useless for commenting about the another person's expectation caused by, his are making that for himself and in fact like your site beside of the finex's cases, we know there are a lot of waves in bitcoin, like the price is increasing for a lot and get their stabilization until this time and i think if we are wanna seeing from the another perspective we will get a lot of answer for that. realize about the realistic will be better than dreaming about the expectation.

[Indrawan77]

I predict 2017 will be greater year than this year, with a lot of online store trying to adapt bitcoin like openbazaar and other store, i believe next year we will see more and more store and there will be increasing bitcoin user, which is going to make bitcoin price up and stronger

[groll]

All the altcoins and all the faint are the compitetors of bitcoin but can it beat itself on the time period. We know that before a long time ago during bitcoin launch time mt. Gox exchange was the reason who rised its price from 5$ to 1000$ and i do not think we have seen any year like that.so can anyone can say about it?or any precious year your remember

It only shows that no one can foretell the fate of bitcoin.  It is always on how people will use bitcoin just like commodities like oil and gold.  We know that if the supplies are many, the price will goes down and if the price is up it means that there is a limited supply of that commodity.  The hacking that happened this year is just another factor that we do not know what will happen on bitcoin in the near future.  We just need to continue patronizing it.

[klf]

I predict 2017 will be greater year than this year, with a lot of online store trying to adapt bitcoin like openbazaar and other store, i believe next year we will see more and more store and there will be increasing bitcoin user, which is going to make bitcoin price up and stronger

Yes, if more and more big shops start accepting bitcoins then its demand will grow, and prices also will go up. Fiverr is also accepting bitcoins as a payment to buy their gigs but we can't withdraw our earning in bitcoins as of now. Maybe slowly they will include this feature as well.

[TraderETH]

Actually there are not people who know what will happen even if for one minute later, but let me to making prediction between bitcoin vs time. If i saw growing bitcoin by the time, it is always going up there are many people who use bitcoin although it is just for make investment or trading altcoins and still there are valuable in bitcoin. I am sure bitcoin will be survive agaist the time.

[Noctis Connor]

All the altcoins and all the faint are the compitetors of bitcoin but can it beat itself on the time period. We know that before a long time ago during bitcoin launch time mt. Gox exchange was the reason who rised its price from 5$ to 1000$ and i do not think we have seen any year like that.so can anyone can say about it?or any precious year your remember

too many altcoins nowadays therefore they are Compatiting each other to grow their alternative coins and it also take time before the big bump happens hope that there are mt.gox exchange website agian so that it will boost bitcoin price.

[ObscureBean]

This thread really gets a person thinking about TIMING for making a significant move.  I bought a few more coins early this year and felt like I over paid, remembering how they bottom'd out last summer 2015.  I ended up pleasantly surprised.  I find I am now gaining more confidence that BTC can weather the ups and downs that happen every year.  I am pretty confident that a long range thinker is in a good industry.  You just have to resist the urge to "bolt" on the down cycles by looking at the history of the coin.

I think this is a common dilemma faced by most people, not just newbies, I know I often can't decide if it's a 'good time' to buy or not lol. Everyone wants to buy at the lowest price possible and it's not fun to buy only to see the price drop by $100 a few days later. For me, the best way to tackle this is to only invest money that I can totally afford to lose. I still try to find the right time to buy but the fact that I don't miss the money means that short/mid term price fluctuations are easier to digest.

[Yakamoto]

All the altcoins and all the faint are the compitetors of bitcoin but can it beat itself on the time period. We know that before a long time ago during bitcoin launch time mt. Gox exchange was the reason who rised its price from 5$ to 1000$ and i do not think we have seen any year like that.so can anyone can say about it?or any precious year your remember

too many altcoins nowadays therefore they are Compatiting each other to grow their alternative coins and it also take time before the big bump happens hope that there are mt.gox exchange website agian so that it will boost bitcoin price.

There have been too many altcoins ever since the blockchain source code was available for anyone to go and make their own. Maybe there will be a place for alts in the future once there stop being so many that just fill the market with fluff, but until then, it is incredibly unlikely that any altcoins will actually take off and be used for something more than speculation.

[MingLee]

This thread really gets a person thinking about TIMING for making a significant move.  I bought a few more coins early this year and felt like I over paid, remembering how they bottom'd out last summer 2015.  I ended up pleasantly surprised.  I find I am now gaining more confidence that BTC can weather the ups and downs that happen every year.  I am pretty confident that a long range thinker is in a good industry.  You just have to resist the urge to "bolt" on the down cycles by looking at the history of the coin.

I think this is a common dilemma faced by most people, not just newbies, I know I often can't decide if it's a 'good time' to buy or not lol. Everyone wants to buy at the lowest price possible and it's not fun to buy only to see the price drop by $100 a few days later. For me, the best way to tackle this is to only invest money that I can totally afford to lose. I still try to find the right time to buy but the fact that I don't miss the money means that short/mid term price fluctuations are easier to digest.

Everyone wants to buy at one point in time or the other, and something a majority of people have to do is watch the market, listen for any news, and make sure that they are buying a dip and not a downswing or an upswing. As long as they put in some effort it is relatively easy to determine the trends of Bitcoin and where everything is going to drift towards.

[Taki]

The only thing that I regret now is that I didn't join to bitcoin when the price was 5$. But even if compare with last year the price is tripeled. Last year it was about 200 $ And this summer it get close to 1000$. Just the story with Bitfinix crash it down. But I expect bitcoin will come back same high again. I see tend to that in the price changing for this 1.5 months. So we may only wait and buy bitcoins now to not skip that chance.

[shinratensei_]

All the altcoins and all the faint are the compitetors of bitcoin but can it beat itself on the time period. We know that before a long time ago during bitcoin launch time mt. Gox exchange was the reason who rised its price from 5$ to 1000$ and i do not think we have seen any year like that.so can anyone can say about it?or any precious year your remember

too many altcoins nowadays therefore they are Compatiting each other to grow their alternative coins and it also take time before the big bump happens hope that there are mt.gox exchange website agian so that it will boost bitcoin price.

That's right, in this time the competitions will more difficult because every day is always appearing a new coin project and all of their developers is want for earning profit for there and at the same time is reaching their popularity in the world of bitcoin but I think just some of alternative coins is really helpful in my life.

[samcoin]

All the altcoins and all the faint are the compitetors of bitcoin but can it beat itself on the time period. We know that before a long time ago during bitcoin launch time mt. Gox exchange was the reason who rised its price from 5$ to 1000$ and i do not think we have seen any year like that.so can anyone can say about it?or any precious year your remember

Now we have different situation, in 2013 there were less bitcoin users and less financial companies which accept  bitcoin, since 2013 a lot of sites and companies have started to accept bitcoin as payment method, a lot of bitcoin casinos has opened. Now, bitcoin is afftected by more financial companies.

[jacafbiz]

I predict 2017 will be greater year than this year, with a lot of online store trying to adapt bitcoin like openbazaar and other store, i believe next year we will see more and more store and there will be increasing bitcoin user, which is going to make bitcoin price up and stronger

This year is still open for growth with uncertainty with the fiat currencies, I think we can still see real increase in BTC price this year with more than 3 months left.

[davis196]

All the altcoins and all the faint are the compitetors of bitcoin but can it beat itself on the time period. We know that before a long time ago during bitcoin launch time mt. Gox exchange was the reason who rised its price from 5$ to 1000$ and i do not think we have seen any year like that.so can anyone can say about it?or any precious year your remember

I don`t understand what exactly are you trying to say or ask.

I don`t think that the bitcoin price will ever again rise from $13 to $1216 for 10 months like in 2013.

2013 was the best and the worst year for btc.

[drwtsn32]

I think that 2016 is not really good year for bitcoin, and i know about halving and other good stuff, but what about bitfinex?  A lot of money was lost and it's not over.

Yeah. Just think of it. If all these disasters happened in a single year what more worse things could happen in the next years?
We must expect these circumstances, I must say.