Bitcoin price

[Two4D]

So now that the Bitcoin just hit the $290 I am having so many feelings, because I was around when it was about $80 or so and I could buy at that time, but what did I knew it will rise so much :S

And now I have a question...do you think bitcoin will crush and rise back up? That would be the opportunity for me to buy. Now at $290 I couldnt really buy many. And what price you think Bitcoin will reach in 6 months?

[Melbustus]

I suggest you do some research on what bitcoin is, what it brings to the table both technologically and economically, compare it to other solutions and existing systems, and formulate your own opinion on what it's worth. Then buy or don't buy accordingly.

[syn999]

its your own money , you have to decide yourself
unless yo pay us as bitcoin consultant

[barbs]

1.) Buy low
2.) Sell high/hold
3.) Win

[antimattercrusader]

1. Buy high
2. Sell Low
3. ?
4. Profit

[BitchicksHusband]

1. Buy high
2. Sell Low
3. ?
4. Profit

That's how most people do it on this board.

[BittBurger]

This happened...

it was about $80 or so and I could buy at that time, but what did I knew it will rise so much

Because this didn't happen...

do some research on what bitcoin is, what it brings to the table both technologically and economically, compare it to other solutions and existing systems, and formulate your own opinion on what it's worth

[Two4D]

$329...Im so sad I havent bought in at $80...

[MoreFun]

$329...Im so sad I havent bought in at $80...

Move on. This is still better than selling at $80

[Bitcopia]

$329...Im so sad I havent bought in at $80...

I'm guessing you haven't been around to see it, but this is a vicious and repeating cycle. There are insane price swings and rallies and crashes and consolidation periods. The best thing you can do is:

1) Forget what you could have bought at. Emotions will destroy you.
2) Learn more. Read about bitcoin and nothing but bitcoin for at least a week. Minimum, and that's if you're a genius and can get it that fast.
3) Start buying in small increments. Have a plan. For example, buy $50 worth every week regardless of price. This way you average out your buying price mitigating the risk of buying the peak of a rally.
4) Don't sell. Spend.

This is just an idea and not investment advice. Please formulate your own plan, but just know that bitcoin has crushed many who thought they could be day traders. Today's price is not important, the idea is important, and the idea is worth a lot more than today's market capitalization in my (and most others who truly understand bitcoin) opinion.

[greaterninja]

I would simply buy at $130 or below.   We will be lucky as hell if we see $50 btc again.

Four years ago you could get 1300 bitcoins for $1.
Now lets see you can get only 1 bitcoin for $330.


My math could be off, but I believe Bitcoin has grown 43,197,000%   in 4 years, 1 month.   That qualifies as a shit ton of growth or an average of 8,815% growth per month, in the last 49 months.

Even if the velocity of it slows down, it is still projected to grow far more than any other currency/bond/stock/asset.


Yes....it is highly volatile and risky, but my crude math says the risk of reward far outweighs the risk of loss.


**EDIT**
At an average growth of ~8,815% , even if the velocity was 1/8th of its current average, bitcoin is projected to hit a $1, trillion USD market.   On a global scale, this is highly probable.  One bitcoin could be worth $20,000 to $40,000 USD in 5 years.  

[BitChick]

It is hard to buy over $300 but then again it will be harder at $1000!  I guess we should just buy what we can? I am not sure myself.

[randrace]

I would wait.

[bitleif]

Just a couple of observations: 1) Bitcoin has NEVER risen this fast without crashing afterwards. 2) Bitcoin has never crashed without regaining the loss within a relatively short time (normally months at most).

Of course, since everyone and their limp hampster are well aware of both these facts, and act accordingly, there is no guarantee that history repeats itself this time around.

[dominicwin]

Just a couple of observations: 1) Bitcoin has NEVER risen this fast without crashing afterwards. 2) Bitcoin has never crashed without regaining the loss within a relatively short time (normally months at most).

Of course, since everyone and their limp hampster are well aware of both these facts, and act accordingly, there is no guarantee that history repeats itself this time around.

Each morning I wake up and check to see if it crashed, so far so good lol.

[greaterninja]

Just a couple of observations: 1) Bitcoin has NEVER risen this fast without crashing afterwards. 2) Bitcoin has never crashed without regaining the loss within a relatively short time (normally months at most).

Of course, since everyone and their limp hampster are well aware of both these facts, and act accordingly, there is no guarantee that history repeats itself this time around.

Each morning I wake up and check to see if it crashed, so far so good lol.

lol, i do too.

I've adopted a new plan...cash out 1/3 of my coins at all-time highs.  every $50 jump i cash out 1/3 or less more of my coins.  Mitigates my losses and I always make sure its profitable to cash out.  I will always keep some btc for when btc is $1000-$33,000 a coin.   I believe bitcoin will become a Trillion dollar market in 5 years or less.