I need bitcoin to be $690 to break even.....will I make it?

[Dafar]

Will I make it?

[goxed]

Will I make it?

Any timeline?

[OgNasty]

If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.

[Dafar]

Will I make it?

Any timeline?

5 years would be ideal... after that I might give up

If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.

How else would I measure its purchasing power? If I don't value it by its purchasing power how else should it be valued??

[the joint]

If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.

I'm sure the OP would sell you all of his BTC for $690/BTC.  I'll cut you a bargain and sell mine at $400/BTC.

Edit:  I was very surprised to read this comment from you.

[dmeter]

Will I make it?

Learn chines and ask in chines subforum
whay because china control
btcchina   5,307,767 BTC   36.80 %   CNY
okcoin   3,915,284   BTC 27.15 %   CNY USD
huobi   1,969,329   BTC 13.66 %   CNY
bitfinex   1,214,340 BTC    8.42 %   USD
lakebtc   376,095   2.61 %

total market share in last 6 month 88,64 % total Bitcoin market
if china bay BTC easy BTC go to 1000$ if sale easy go to 1$

Eu control 6%
Usa control 4-5%
Also i sale my BTC if come to 300$

[BlindMayorBitcorn]

Try not to think of it as losing money. Think of it as gaining power pellets

[polynesia]

Will I make it?

Eventually. Sit on your paper losses until then.
If you have some extra cash, buy now to bring the break even price down.

[Dafar]

Will I make it?

Eventually. Sit on your paper losses until then.
If you have some extra cash, buy now to bring the break even price down.

I do, but I also put in ~$25K into bitcoin in the last year, which is a lot already, should I really risk more.... bitcoin price recovering is still uncertain

[AtheistAKASaneBrain]

If you have patience you will regain your loses.

[Dafar]

If you have patience you will regain your loses.

How much patience..... are we talking 2 years or 20 years?

[bitgeek]

You should be able to make it, as Bitcoin will gain value over time. The time period is something you should be concerned with, as it may take years

[gentlemand]

5 years would be ideal... after that I might give up

I think that's a sensible time frame. We'll know whether it has a chance of kicking off properly long before that. The biggest hurdles are likely to be surmounted over the course of the next couple of years.

[687_2]

Will I make it?

Any timeline?

5 years would be ideal... after that I might give up

If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.

How else would I measure its purchasing power? If I don't value it by its purchasing power how else should it be valued??

Exchange rate != purchasing power.

Purchasing power parity is tough to determine, the Big Mac index that the Economist publishes is your best bet. What you should do is look at how many BTC are required to buy 1 Big Mac over the next 5 years (on average). You'll know deep in your bones what inflationary vs. deflationary means then

[Bananana]

Will I make it?

Best if can average down your price to about $300-400, since bitcoin now is cheap..

[Dafar]

Will I make it?

BTC looks like it's about to be eclipsed by XRP, but I'm not suggesting that you buy XRP, though a long XRP/short BTC might be good for a short term trade.

Why use BTC when XRP fully confirms in 10 seconds?

I'd recommend value investing the cryptocurrencies that look like they have what everyone complains of BTC.

Fuck your shitty XRP bullshit.... please go

[BlackSpidy]

Yeah, you can get even in 2 or three years. I would hope that we reach it in 2015, but I think we're gonna see that price again October of 2016. Maybe a bit before then. Then we're gonna get to $800+ sometime after the halving coming December 2016. But that's just a guess.

[grendel25]

Sounds like speculation but oh well.  How patient are you?  Also, usually if you have to ask it's a bad sign.  Never good to be in a position of weakness when it comes to economics.  Usually turns out bad.  But I hope it turns out well for you (hope is also usually a curse in financial issues)  money = hope

[Monnt]

Will I make it?

How much do you hold currently?

[jacktheking]

Five years to break even - reach $690? Are you kidding me? At current Bitcoin growth, I believe that Bitcoin will reach $700 in two years time. And probably over a thousand in five years.