Don't Buy Bitcoin Now - At USD6000

[Utrine]

TBH, bitcoin is overpriced. However this doesn't mean it still can't go up.

The hype is so big with bitcoin at the moment that i don't see a reason why $10000 per coin can't be achieved by the end of the year. As long as the media continues to mention bitcoin and investors continue to buy into bitcoin.

But in the end there will definitely be an adjustment that takes price down with it.

The CEO of Goldman Sachs said the future currency could be based on consensus. If we all agree the bitcoin worth $1million, then it is worth $1 million.

[tobs]

Why not, just buy as much bitcoins as you can. The peak is not there yet, maybe next year. It will now rise to 10K and much higher next year. Buy and hold and you'll make a fortune.

You are right. If you know it will rise to 10,000, you should buy now at 7000 and sell at 10,000.

That's the thing. The whole "price is too high right now" that people are saying basically every month when bitcoin hits new highs is never actually true if we keep in mind these predictions about bitcoin going to $10,000 or even $100,000. If that happens to be true, than there is no difference if you buy it at $4000, $5400 or $8999, you would still profit and that's what everyone is aiming for, right? I doubt few dollars here or there would make you a difference and people are acting very greeding with these "6100 is to high for me, but I will wait for 5999". These changes are really nothing compared to the possible future prices.

[thinair]

This is what I posted in the other Technical Discussion forum - the "Bitcoin Scalability" thread.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.
2) Bitcoin may only be a medium of speculation.
Bitcoin has no practical use. Even if the proposed off-chain Lightning Network works, the natural volatility of bitcoin will never make any system of bitcoin payment feasible.

Bitcoin will ensure more wealth transfer from the bottom 99% to the top 1%

By definition, the world of speculation means the bottom 95% of small investor will always suffer lost. In the current rally to above USD7500, these 95% will never ultimately be sitting happily with their "profits" riding the wave upwards. By definition, the correction would be a bloody for the 95%.     

One of the quality needed for a token to be money is that the total supply is evenly distributed among the population. Even though Bill Gates's wealth is into the billions, his personal holding of the cash USD is only an miniscule  part of the total US money supply. But Bitcoin is not distributed throughout the world's population and so can never serve as money.

It is a myth that Bitcoin is anyway near being "money". Most bitcoin enthusiasts believe fervently that we have found "the money that...bankers cannot touch" and which is the very answer and antidote for fiat money - it is not.
      

Bitcoin for buy and hold is only self-delusion. The 21 millions of BTC can never be evenly distributed among the 7.6 billion of the worlds population

Just this alone will ensure that Bitcoin will never be able to contribute any benefit to the economies of the world.

[fxbit]

There is a simple strategy to make money by just a simple controlled buying and selling strategy. It works for stocks, forex as well as for bitcoins - for the super rich.

1) First acquire large amount of bitcoins. They are now the so called whales (those owning large number of BTC) who are the 1% very intelligent, sharp  and very rich speculators - think George Soros. They are also smart to know that there are very alluring aspect of bitcoins to the small 99 % mass speculators/investors.
2) Use the simple : "Buy Furious Sell Patiently Strategy" repeatedly over a period.
It works this way.
a) Plan pushing the market up - say for a year (bitcoin has risen from May 2016 till present  for 1½ years).
b) Say for a 16 hr trading cycle per day, buy  X BTC in 4 hr EVENLY. Sell the same X BTC in the next 12 hr EVENLY - like a robot.
c) Repeat the same pattern of buying in a short period and off-loading the same amount in a much longer period. The pattern of 16 hr cycles per day is just a suggestion. It could be buying in 1 day and off loading in the next 3 days the same number BTC.
d) In this manner, throughout the 1 - 1½ year, the whale manipulators  do not increase its holding of BTC.
This strategy in general will make the whales a profit as - on average - he would be buying low and selling high for 1½ years WITHOUT the need to increase his BTC holdings.   
e) NOW, after the 1½ year of pushing up the market, the price should be at its peak - USD 7000.
f) It is now the time for the SLOW KILL.
Use the strategy of OFF LOADING HIS large holding of BTC - over a long period of 3 YEARS :
SELL A LARGE AMOUNT EVENLY OVER 3 YEARS:
   Sell X BTC per day for 3 years.     
No strategy needed. Just do it as if by robots. He would - on average - be selling at highs what he bought at lows. It is not Quantum Mechanics, but simple averaging and probabilities. 

That's how the top 1% outplays the other 99%.

Those rich people were not kind of people sitting in front of their computer for more than 10 minutes, if I have 10 million that I can make another 10 million in just 2 weeks why would I do that for almost 6 years sitting in front of computer every 4 hours, contemplating my grand strategy to make another 10 million in 6 years, if you put small amount into the market you be caught by another whales that have different strategy probably against your strategy

[muraqaba]

This is what I posted in the other Technical Discussion forum - the "Bitcoin Scalability" thread.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.
2) Bitcoin may only be a medium of speculation.
Bitcoin has no practical use. Even if the proposed off-chain Lightning Network works, the natural volatility of bitcoin will never make any system of bitcoin payment feasible.

Bitcoin will ensure more wealth transfer from the bottom 99% to the top 1%

By definition, the world of speculation means the bottom 95% of small investor will always suffer lost. In the current rally to above USD7500, these 95% will never ultimately be sitting happily with their "profits" riding the wave upwards. By definition, the correction would be a bloody for the 95%.     

One of the quality needed for a token to be money is that the total supply is evenly distributed among the population. Even though Bill Gates's wealth is into the billions, his personal holding of the cash USD is only an miniscule  part of the total US money supply. But Bitcoin is not distributed throughout the world's population and so can never serve as money.

It is a myth that Bitcoin is anyway near being "money". Most bitcoin enthusiasts believe fervently that we have found "the money that...bankers cannot touch" and which is the very answer and antidote for fiat money - it is not.
      

Bitcoin for buy and hold is only self-delusion. The 21 millions of BTC can never be evenly distributed among the 7.6 billion of the worlds population

Just this alone will ensure that Bitcoin will never be able to contribute any benefit to the economies of the world.

with all these random forks what makes you so sure about that?

[fxbit]

This is what I posted in the other Technical Discussion forum - the "Bitcoin Scalability" thread.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.
2) Bitcoin may only be a medium of speculation.
Bitcoin has no practical use. Even if the proposed off-chain Lightning Network works, the natural volatility of bitcoin will never make any system of bitcoin payment feasible.

Bitcoin will ensure more wealth transfer from the bottom 99% to the top 1%

By definition, the world of speculation means the bottom 95% of small investor will always suffer lost. In the current rally to above USD7500, these 95% will never ultimately be sitting happily with their "profits" riding the wave upwards. By definition, the correction would be a bloody for the 95%.     

One of the quality needed for a token to be money is that the total supply is evenly distributed among the population. Even though Bill Gates's wealth is into the billions, his personal holding of the cash USD is only an miniscule  part of the total US money supply. But Bitcoin is not distributed throughout the world's population and so can never serve as money.

It is a myth that Bitcoin is anyway near being "money". Most bitcoin enthusiasts believe fervently that we have found "the money that...bankers cannot touch" and which is the very answer and antidote for fiat money - it is not.
      

Bitcoin for buy and hold is only self-delusion. The 21 millions of BTC can never be evenly distributed among the 7.6 billion of the worlds population

Just this alone will ensure that Bitcoin will never be able to contribute any benefit to the economies of the world.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.

Gold never be able to be money if that is what used to determine what money is, yet it is kept by central banker all over the world, with such small amount of gold in the world, gold still dictate global economy and central bankers fiat currency dictate economic nightmare, just look at how easy south east asian and south america country attacked economically because of their use of debt based currency, how is that help grow their economy when other country can easily attack and cripple their economy, you are judging bitcoin ability as medium of exchange from fiat currency perspective which is a failed system and should not be considered

[thinair]

This is what I posted in the other Technical Discussion forum - the "Bitcoin Scalability" thread.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.
2) Bitcoin may only be a medium of speculation.
Bitcoin has no practical use. Even if the proposed off-chain Lightning Network works, the natural volatility of bitcoin will never make any system of bitcoin payment feasible.

Bitcoin will ensure more wealth transfer from the bottom 99% to the top 1%

By definition, the world of speculation means the bottom 95% of small investor will always suffer lost. In the current rally to above USD7500, these 95% will never ultimately be sitting happily with their "profits" riding the wave upwards. By definition, the correction would be a bloody for the 95%.     

One of the quality needed for a token to be money is that the total supply is evenly distributed among the population. Even though Bill Gates's wealth is into the billions, his personal holding of the cash USD is only an miniscule  part of the total US money supply. But Bitcoin is not distributed throughout the world's population and so can never serve as money.

It is a myth that Bitcoin is anyway near being "money". Most bitcoin enthusiasts believe fervently that we have found "the money that...bankers cannot touch" and which is the very answer and antidote for fiat money - it is not.
      

Bitcoin for buy and hold is only self-delusion. The 21 millions of BTC can never be evenly distributed among the 7.6 billion of the worlds population

Just this alone will ensure that Bitcoin will never be able to contribute any benefit to the economies of the world.

with all these random forks what makes you so sure about that?

This has nothing to do with forks; Bitcoin is only for speculations. Speculation is a zero sum game -  meaning the losers' money go to the winners; it is well known that only the top 5% wins.   

[muraqaba]

This is what I posted in the other Technical Discussion forum - the "Bitcoin Scalability" thread.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.
2) Bitcoin may only be a medium of speculation.
Bitcoin has no practical use. Even if the proposed off-chain Lightning Network works, the natural volatility of bitcoin will never make any system of bitcoin payment feasible.

Bitcoin will ensure more wealth transfer from the bottom 99% to the top 1%

By definition, the world of speculation means the bottom 95% of small investor will always suffer lost. In the current rally to above USD7500, these 95% will never ultimately be sitting happily with their "profits" riding the wave upwards. By definition, the correction would be a bloody for the 95%.    

One of the quality needed for a token to be money is that the total supply is evenly distributed among the population. Even though Bill Gates's wealth is into the billions, his personal holding of the cash USD is only an miniscule  part of the total US money supply. But Bitcoin is not distributed throughout the world's population and so can never serve as money.

It is a myth that Bitcoin is anyway near being "money". Most bitcoin enthusiasts believe fervently that we have found "the money that...bankers cannot touch" and which is the very answer and antidote for fiat money - it is not.
      

Bitcoin for buy and hold is only self-delusion. The 21 millions of BTC can never be evenly distributed among the 7.6 billion of the worlds population

Just this alone will ensure that Bitcoin will never be able to contribute any benefit to the economies of the world.

with all these random forks what makes you so sure about that?

This has nothing to do with forks; Bitcoin is only for speculations. Speculation is a zero sum game -  meaning the losers' money go to the winners; it is well known that only the top 5% wins.  

this says you are wrong.

https://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/#5c08a59e2a5a

maybe the early investors benefit the most but bitcoin has the potential to end world poverty.

[thinair]

This is what I posted in the other Technical Discussion forum - the "Bitcoin Scalability" thread.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.
2) Bitcoin may only be a medium of speculation.
Bitcoin has no practical use. Even if the proposed off-chain Lightning Network works, the natural volatility of bitcoin will never make any system of bitcoin payment feasible.

Bitcoin will ensure more wealth transfer from the bottom 99% to the top 1%

By definition, the world of speculation means the bottom 95% of small investor will always suffer lost. In the current rally to above USD7500, these 95% will never ultimately be sitting happily with their "profits" riding the wave upwards. By definition, the correction would be a bloody for the 95%.    

One of the quality needed for a token to be money is that the total supply is evenly distributed among the population. Even though Bill Gates's wealth is into the billions, his personal holding of the cash USD is only an miniscule  part of the total US money supply. But Bitcoin is not distributed throughout the world's population and so can never serve as money.

It is a myth that Bitcoin is anyway near being "money". Most bitcoin enthusiasts believe fervently that we have found "the money that...bankers cannot touch" and which is the very answer and antidote for fiat money - it is not.
      

Bitcoin for buy and hold is only self-delusion. The 21 millions of BTC can never be evenly distributed among the 7.6 billion of the worlds population

Just this alone will ensure that Bitcoin will never be able to contribute any benefit to the economies of the world.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.

Gold never be able to be money if that is what used to determine what money is, yet it is kept by central banker all over the world, with such small amount of gold in the world, gold still dictate global economy and central bankers fiat currency dictate economic nightmare, just look at how easy south east asian and south america country attacked economically because of their use of debt based currency, how is that help grow their economy when other country can easily attack and cripple their economy, you are judging bitcoin ability as medium of exchange from fiat currency perspective which is a failed system and should not be considered

Gold, silver as well as basket of commodities as rice, wheat, oil, soybean, etc CAN be money as a universal fiat may be issued fully backed by commodity money. But those holding the powers will never allow that.

Bitcoin too may be the one-world-money if all the IMF members decide so - replacing all fiats. Will that happen? So in the mean time Bitcoin is only speculation. It is very, very good "buy and hold" provided it is bought AT_THE_RIGHT_PRICE.

All here assume Bitcoin price from this USD 7000+ range can only go higher - never lower.

Who knows? It is not certain that Bitcoin cannot be replaced; there are many unknows considerations about the blockchain technology. 15 Nov may be a great unexpected surprise.

[Baofeng]

This is what I posted in the other Technical Discussion forum - the "Bitcoin Scalability" thread.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.
2) Bitcoin may only be a medium of speculation.
Bitcoin has no practical use. Even if the proposed off-chain Lightning Network works, the natural volatility of bitcoin will never make any system of bitcoin payment feasible.

Bitcoin will ensure more wealth transfer from the bottom 99% to the top 1%

By definition, the world of speculation means the bottom 95% of small investor will always suffer lost. In the current rally to above USD7500, these 95% will never ultimately be sitting happily with their "profits" riding the wave upwards. By definition, the correction would be a bloody for the 95%.    

One of the quality needed for a token to be money is that the total supply is evenly distributed among the population. Even though Bill Gates's wealth is into the billions, his personal holding of the cash USD is only an miniscule  part of the total US money supply. But Bitcoin is not distributed throughout the world's population and so can never serve as money.

It is a myth that Bitcoin is anyway near being "money". Most bitcoin enthusiasts believe fervently that we have found "the money that...bankers cannot touch" and which is the very answer and antidote for fiat money - it is not.
      

Bitcoin for buy and hold is only self-delusion. The 21 millions of BTC can never be evenly distributed among the 7.6 billion of the worlds population

Just this alone will ensure that Bitcoin will never be able to contribute any benefit to the economies of the world.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.

Gold never be able to be money if that is what used to determine what money is, yet it is kept by central banker all over the world, with such small amount of gold in the world, gold still dictate global economy and central bankers fiat currency dictate economic nightmare, just look at how easy south east asian and south america country attacked economically because of their use of debt based currency, how is that help grow their economy when other country can easily attack and cripple their economy, you are judging bitcoin ability as medium of exchange from fiat currency perspective which is a failed system and should not be considered

Gold, silver as well as basket of commodities as rice, wheat, oil, soybean, etc CAN be money as a universal fiat may be issued fully backed by commodity money. But those holding the powers will never allow that.

Bitcoin too may be the one-world-money if all the IMF members decide so - replacing all fiats. Will that happen? So in the mean time Bitcoin is only speculation. It is very, very good "buy and hold" provided it is bought AT_THE_RIGHT_PRICE.

All here assume Bitcoin price from this USD 7000+ range can only go higher - never lower.

Who knows? It is not certain that Bitcoin cannot be replaced; there are many unknows considerations about the blockchain technology. 15 Nov may be a great unexpected surprise.

No one can really see what is going to happen in November 15. No one has the crystal ball to predict the exact scenario after the fork. All is assumptions here, because bitcoin is based on pure speculation. But historical data shows that bitcoin can go higher in the future as evident of the price starting this year at less than $1000 and now its $7000. So more people are now believing that bitcoin can really bring good wealth if you are just going to 'buy and hold'.

[Weawant]

This is what I posted in the other Technical Discussion forum - the "Bitcoin Scalability" thread.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.
2) Bitcoin may only be a medium of speculation.
Bitcoin has no practical use. Even if the proposed off-chain Lightning Network works, the natural volatility of bitcoin will never make any system of bitcoin payment feasible.

Bitcoin will ensure more wealth transfer from the bottom 99% to the top 1%

By definition, the world of speculation means the bottom 95% of small investor will always suffer lost. In the current rally to above USD7500, these 95% will never ultimately be sitting happily with their "profits" riding the wave upwards. By definition, the correction would be a bloody for the 95%.    

One of the quality needed for a token to be money is that the total supply is evenly distributed among the population. Even though Bill Gates's wealth is into the billions, his personal holding of the cash USD is only an miniscule  part of the total US money supply. But Bitcoin is not distributed throughout the world's population and so can never serve as money.

It is a myth that Bitcoin is anyway near being "money". Most bitcoin enthusiasts believe fervently that we have found "the money that...bankers cannot touch" and which is the very answer and antidote for fiat money - it is not.
      

Bitcoin for buy and hold is only self-delusion. The 21 millions of BTC can never be evenly distributed among the 7.6 billion of the worlds population

Just this alone will ensure that Bitcoin will never be able to contribute any benefit to the economies of the world.

1) Bitcoin will never and can never replace fiat.
Hosts of problems: the 21 million limit means super scarcity as compared to national fiat. Singapore's M2 2017 at SGD 600,000 million; means rate of 600,000/20 = SGD 30,000 per 1 BTC. What about with USD.  BTC may at most be IMF "reserve currency" as clearance currency between central banks; how does such a status be consistent with a medium of exchange.

Gold never be able to be money if that is what used to determine what money is, yet it is kept by central banker all over the world, with such small amount of gold in the world, gold still dictate global economy and central bankers fiat currency dictate economic nightmare, just look at how easy south east asian and south america country attacked economically because of their use of debt based currency, how is that help grow their economy when other country can easily attack and cripple their economy, you are judging bitcoin ability as medium of exchange from fiat currency perspective which is a failed system and should not be considered

Gold, silver as well as basket of commodities as rice, wheat, oil, soybean, etc CAN be money as a universal fiat may be issued fully backed by commodity money. But those holding the powers will never allow that.

Bitcoin too may be the one-world-money if all the IMF members decide so - replacing all fiats. Will that happen? So in the mean time Bitcoin is only speculation. It is very, very good "buy and hold" provided it is bought AT_THE_RIGHT_PRICE.

All here assume Bitcoin price from this USD 7000+ range can only go higher - never lower.

Who knows? It is not certain that Bitcoin cannot be replaced; there are many unknows considerations about the blockchain technology. 15 Nov may be a great unexpected surprise.

No one can really see what is going to happen in November 15. No one has the crystal ball to predict the exact scenario after the fork. All is assumptions here, because bitcoin is based on pure speculation. But historical data shows that bitcoin can go higher in the future as evident of the price starting this year at less than $1000 and now its $7000. So more people are now believing that bitcoin can really bring good wealth if you are just going to 'buy and hold'.

No can really see but we have certain perspective on what will happen on that date, and we could make a basis of the past forks happen last days and years that those one brings bitcoins to its upper most level right now. And if we bought today and suddenly the price climb for 10,000$ or even more then we will be lucky to be an adoptor of the fork but we  will be sorry if we will still doubting since bitcoins gives unlimited opportunities for us to earn with this huge event happening on him.

[kiloiko]

depending for people bro, even if he buy BTC now, he still profitable in the future
if not buy now, when?? when the price over $6000, bitcoin price will go to the moon

It is a good chance, we should buy bitcoin at the moment because it is on its way to peak and its worth will increase with time because people are favoring it and are investing into it. So a person who at the moment do not buy bitcoin and is waiting for a fall so that its price comes down then it is hard to say anything about it, it’s worth is increasing with speed of light and those who do not buy it now will regret it in future.

[thinair]

...
this says you are wrong.

https://www.forbes.com/sites/steveforbes/2015/04/02/how-bitcoin-will-end-world-poverty/#5c08a59e2a5a

maybe the early investors benefit the most but bitcoin has the potential to end world poverty.

It is unbelievable you pay attention to such articles. Steve Forbes:

William Blair partner Brian Singer explains how Bitcoin and blockchain encryption has a greater ability to bring more of the world's population out of poverty than anything we've seen in decades."

Just this phrase "...in decades" shows the article is trash. ...decades! No statesmen nor philosophers since the beginning of civilization ever suggested a solution to eliminate poverty.   

Most of you here just don't know what you are saying nor doing; you only think buying and holding now at 7000 is still a good investment decision. For those who know, you are just following your greed - it will ultimately lead to loss and pain.  The Chinese have a saying:
 

旁观者清,当局者迷,  The ones looking on are clear-minded, the ones much involved are muddled-headed.

When people are overcome by greed, they cannot listen to alternative advice. It is what is happening now.

There are the smart money doing the "pump-and-dump":
   

The smart money now don't "buy-and-hold", but "buy-low-sell-high" without keeping a single satoshi

They know when to ride a rising market wave making huge profits upwards all the way without any risk and without holding a single satoshi.   If you don't even understand the simple psychology of the rich, you should not be "investing" in bitcoins at all. Greed will cost you dearly.

It is still not too late now at USD 7000

[thinair]

...
No one can really see what is going to happen in November 15. No one has the crystal ball to predict the exact scenario after the fork. All is assumptions here, because bitcoin is based on pure speculation. But historical data shows that bitcoin can go higher in the future as evident of the price starting this year at less than $1000 and now its $7000. So more people are now believing that bitcoin can really bring good wealth if you are just going to 'buy and hold'.

This shows you don't understand the simple strategy of "pump-and-dump". The top 5% smart money never buy and hold in such a market where the rise is a vertical cliff. If you have the mettle of a real winner, you should wait for another "2015 year" to buy and hold - now is not the YEAR. If you cannot wait, it means you don't have much of a future as a speculator. 

[BingoDog]

First of all I don't know what people mean when they say the bitcoin is overpriced. Bitcoin has the value that users are willing to pay for it and it can't be overpriced. What will happen after the fork next week no one can't say for sure but to some predictions we might expect the price dump but very soon afterwards also the price pump. And to bux or not depends if you have shoet term or long term profit strategy. Anway, look at the bitcoin price as a game that changes all the time and be flexible.

[jackhdt]

depending for people bro, even if he buy BTC now, he still profitable in the future
if not buy now, when?? when the price over $6000, bitcoin price will go to the moon

It is a good chance, we should buy bitcoin at the moment because it is on its way to peak and its worth will increase with time because people are favoring it and are investing into it. So a person who at the moment do not buy bitcoin and is waiting for a fall so that its price comes down then it is hard to say anything about it, it’s worth is increasing with speed of light and those who do not buy it now will regret it in future.

this is a good opportunity if you are a long term investment with Bitcoin but if short-term investors take profits in the form of trade coin, then it never is a good time. Bicoin price is near the top and can be reduced at any time

[CyberKuro]

To preddict the market, we have to pay attention to the more stable prices before and after Mt. Gox in 2013/2014.

~snip~

      "Don't buy now".
It may even be wise to lock in some "real" fiat money instead.

Another question that others should ask:
      "Where does this USD 6000 quote come from?".
Is it really true that there is a "spot" market between BTC and USD. But how can trading exchanges give spot quotes when a bitcoin confirmation of 6 blocks may take hours? So we have to know how "spot" real is the USD 6000/BTC that we are given.    

Also ask:
"If you want to sell your bitcoins now, would the orders get through with confirmation?"
"How long does the sell confirmation takes?"
"Are there real buyers at current prices?"

There is no connection between MT. Gox and current price, exchanges have to pay attention to their security and keep most bitcoin in cold storage.

Do not buy at $6000?
Current price is $7100, LoL
Bitcoin price gain more value in the last few months compare to bitcoin journey in the last 7 years.
And bitcoin will continue to rise over $8K in this year I guess. What about in 2018? and you said do not buy.
Well, I prefer to sell instead of buy

[thinair]

To preddict the market, we have to pay attention to the more stable prices before and after Mt. Gox in 2013/2014.

~snip~

      "Don't buy now".
It may even be wise to lock in some "real" fiat money instead.

Another question that others should ask:
      "Where does this USD 6000 quote come from?".
Is it really true that there is a "spot" market between BTC and USD. But how can trading exchanges give spot quotes when a bitcoin confirmation of 6 blocks may take hours? So we have to know how "spot" real is the USD 6000/BTC that we are given.    

Also ask:
"If you want to sell your bitcoins now, would the orders get through with confirmation?"
"How long does the sell confirmation takes?"
"Are there real buyers at current prices?"

There is no connection between MT. Gox and current price, exchanges have to pay attention to their security and keep most bitcoin in cold storage.

Do not buy at $6000?
Current price is $7100, LoL
Bitcoin price gain more value in the last few months compare to bitcoin journey in the last 7 years.
And bitcoin will continue to rise over $8K in this year I guess. What about in 2018? and you said do not buy.
Well, I prefer to sell instead of buy

You still don't understand.

If you are familiar with logic and reasoning - as with proofs in pure number theory - you will easily see that your statement "Bitcoin price gain more value in the last few months compare to bitcoin journey in the last 7 years" need not have to have anything to do with whether you show now buy into Bitcoin. The only answer you need is to this question: 
   

Is this a good time for me to buy and hold now ?

You only need to be "smart" and "know" if it is a good time to buy now at 7000.

One more observation. We are all born different. Some are just smart and some people are just rather dull. It is just like this and we can't do anything about it.
 
There is a popular Arab proverb:

He who knows not he knows not, he is a fool. Avoid him
He who knows he knows not, he is simple. Guide him.
He who knows he knows, he is wise. Follow him.
He who knows not he knows, he is asleep. Wake him.

[BillCoin]

There is a simple strategy to make money by just a simple controlled buying and selling strategy. It works for stocks, forex as well as for bitcoins - for the super rich.

1) First acquire large amount of bitcoins. They are now the so called whales (those owning large number of BTC) who are the 1% very intelligent, sharp  and very rich speculators - think George Soros. They are also smart to know that there are very alluring aspect of bitcoins to the small 99 % mass speculators/investors.
2) Use the simple : "Buy Furious Sell Patiently Strategy" repeatedly over a period.
It works this way.
a) Plan pushing the market up - say for a year (bitcoin has risen from May 2016 till present  for 1½ years).
b) Say for a 16 hr trading cycle per day, buy  X BTC in 4 hr EVENLY. Sell the same X BTC in the next 12 hr EVENLY - like a robot.
c) Repeat the same pattern of buying in a short period and off-loading the same amount in a much longer period. The pattern of 16 hr cycles per day is just a suggestion. It could be buying in 1 day and off loading in the next 3 days the same number BTC.
d) In this manner, throughout the 1 - 1½ year, the whale manipulators  do not increase its holding of BTC.
This strategy in general will make the whales a profit as - on average - he would be buying low and selling high for 1½ years WITHOUT the need to increase his BTC holdings.   
e) NOW, after the 1½ year of pushing up the market, the price should be at its peak - USD 7000.
f) It is now the time for the SLOW KILL.
Use the strategy of OFF LOADING HIS large holding of BTC - over a long period of 3 YEARS :
SELL A LARGE AMOUNT EVENLY OVER 3 YEARS:
   Sell X BTC per day for 3 years.     
No strategy needed. Just do it as if by robots. He would - on average - be selling at highs what he bought at lows. It is not Quantum Mechanics, but simple averaging and probabilities. 

That's how the top 1% outplays the other 99%.

Those rich people were not kind of people sitting in front of their computer for more than 10 minutes, if I have 10 million that I can make another 10 million in just 2 weeks why would I do that for almost 6 years sitting in front of computer every 4 hours, contemplating my grand strategy to make another 10 million in 6 years, if you put small amount into the market you be caught by another whales that have different strategy probably against your strategy

I agree, the whole market is being controlled by whales  and rich people.
If a big whale wants the bitcoin price to go 100$ higher, he  can do it easily.

Also , we should take into consideration that the bitcoin market cap is not really  120B$, because there is a large amount of lost bitcoins(I would guess around a million of bitcoins are lost), so whales have a larger control over the market.

With the average trading volume of about 1.5B$ A day, it is possible for someone who has 2B$ ready to be invested, to easily increase the price in a thousand dollars or more.

[thinair]

First of all I don't know what people mean when they say the bitcoin is overpriced. Bitcoin has the value that users are willing to pay for it and it can't be overpriced. What will happen after the fork next week no one can't say for sure but to some predictions we might expect the price dump but very soon afterwards also the price pump. And to bux or not depends if you have shoet term or long term profit strategy. Anway, look at the bitcoin price as a game that changes all the time and be flexible.

For pure breed speculators, there is no concept of a market being overpriced or under-priced. Only market analysts talk about over or under priced, PE ratios, candle stick charts, etc; they never put the money where their mouth is!

The true speculators only ask:
   

How do I now make money in this Bitcoin market?

   
They don't care if Bitcoin now is at $8 or $7000; they only ask how to make the most money out of what is happening.
   

For the true speculators, there is neither short nor long term strategy; there is only the strategy of profit.

For governments, the rate of USD/Yuan does matter  - it could be overpriced or under-priced.