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

[gentlemand]

Lots of bagholders and dumpers waiting price to rise so they can dump   That's why moon is no more possible

Fear Of Missing Out affects people holding coins too. If you've sat since $1000 and it looks like that's going to be smashed again, a good chunk of bag holders will sit back and see what happens. That's what they were hoping for in the first place.

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[Dafar]

Will I make it?

How long are you willing to wait? How many Bitcoins do you have?

I am sure one day the price will reach the point where you would have broken even, made a profit but the question is will you be around on that day 

A lot of people who think this question will be gone long before imo

Good luck either way.

I am willing to wait 5 years.... I have around 40 bitcoin

You will brake even but then what you sell and walk away? Should be thinking business what is it you can do to make many more bitcoin 

Either you're a foreigner or a real pot head... couldn't understand anything you said

Lots of bagholders and dumpers waiting price to rise so they can dump  That's why moon is no more possible

Shut the fuck up... everyone has a price they are willing to buy or sell at... there are only about 10million people who own/use bitcoin.... if this number reaches 100-200million people there is no way the price can stay this low

[Baghead]

Will I make it?

How long are you willing to wait? How many Bitcoins do you have?

I am sure one day the price will reach the point where you would have broken even, made a profit but the question is will you be around on that day  

A lot of people who think this question will be gone long before imo

Good luck either way.

I am willing to wait 5 years.... I have around 40 bitcoin

You will brake even but then what you sell and walk away? Should be thinking business what is it you can do to make many more bitcoin  

Either you're a foreigner or a real pot head... couldn't understand anything you said

Lots of bagholders and dumpers waiting price to rise so they can dump   That's why moon is no more possible

Shut the fuck up... everyone has a price they are willing to buy or sell at... there are only about 10million people who own/use bitcoin.... if this number reaches 100-200million people there is no way the price can stay this low

Aha ^^ he was answering your question why the attitude?  Also Harry was clearly saying in his own way you should think about what you can do as a business to make more bitcoin instead of wishing it will go to $690 which is not going to come btw you may aswell sell now  

[Dafar]

Aha ^^ he was answering your question why the attitude?  Also Harry was clearly saying in his own way you should think about what you can do as a business to make more bitcoin instead of wishing it will go to $690 which is not going to come btw you may aswell sell now  

If I could come up with a business just like that and become a self-employed CEO, I would, trust me. Easier said than done.. and lol at might was well sell now. I rather wait for a change to profit, or let it go to $0

[Baghead]

Aha ^^ he was answering your question why the attitude?  Also Harry was clearly saying in his own way you should think about what you can do as a business to make more bitcoin instead of wishing it will go to $690 which is not going to come btw you may aswell sell now  

If I could come up with a business just like that and become a self-employed CEO, I would, trust me. Easier said than done.. and lol at might was well sell now. I rather wait for a change to profit, or let it go to $0

That is the spirit and i am in the same boat i will not sell though until i have a nice return on my investment i see it like stocks and you do not sell stocks at break even or at a loss do ya, also you do not spend them on coffee and whatever else we can buy with them at the moment. You have payed over the odds for your coin as you know but most of us have, can you afford to keep buying to lower your original investment maybe get that down to 4 or 500? Does not have to be a big business something like a faucet a gambling site of some kind and online btc shop this industry is begging people to start up

[Bralex]

That is a lot it owes you dude if i had money spare i would have kept buying to get that average down and make it easier to get back to even/profit. The thing is though how much do you need to but to get the average down i mean if you have hundreds of coin then you will need to buy hundreds more to make a impact 

 

[Dafar]

I have money to cost avg down but I feel like if bitcoin will be successful I will be in the green in a few years; if bitcoin fails then I'm already losing a LOT of money and dont want to risk more. Also, I lost a total of 9 btc from trading alt coins... My break even point at one time was $1300/btc.... I already bought that down to $690

[gentlemand]

Spending more to 'reduce' your losses seems a bit daffy to me. I'm currently underwater which I fully expected there to be phases of going into it. I've no plans to buy significant amounts more as I have what I set out to obtain and stuck with it. I'll start to feel narked if I'm still underwater in 2017.

[Jybrael]

If you are thinking short term...I am not quite sure if you might be able to make it or not...but have some faith...hold on to your coins for a while and just wait for the prices to stabilize again. I am quite sure that you will be able to walk away with at least a little profit over the next couple of months.

[Bralex]

I have money to cost avg down but I feel like if bitcoin will be successful I will be in the green in a few years; if bitcoin fails then I'm already losing a LOT of money and dont want to risk more. Also, I lost a total of 9 btc from trading alt coins... My break even point at one time was $1300/btc.... I already bought that down to $690

Oh i see that was a pain in the ass, losing 9btc on alts  i guess to average down you need to believe that bitcoin is going to rise. That is wise holding back knowing your limit and when not to invest more good self control 'thumbs up' Maybe buy little bits on the next dip next week and hopefully get that down to 500 but of course you know your limits and the number one rule do not invest more than you can afford to lose is so true

[Coinshot]

690 is easy, but you will need to be patient. Once the next bubble catches it will easily go over 1000.

[Baghead]

690 is easy, but you will need to be patient. Once the next bubble catches it will easily go over 1000.

I would love to hear your explanation to why you believe 690 and 1000 will be easy!? We only ever went that high before because of a dodgy exchange pumping it, what will make it raise around 3-4 times the current price?

[resya]

No need to worry, bitcoin price will eventually rise. in terms of the bigger picture BTC is a bargain even at $1000.  BTC will be in the thousands next year, though saying that I'm glad i didn't buy any $1000 bitcoins

[BlindMayorBitcorn]

I bought a couple too high, but I knucked down and bought more near the bottom. You should have done that.

[najzenmajsen]

No need to worry, bitcoin price will eventually rise. in terms of the bigger picture BTC is a bargain even at $1000.  BTC will be in the thousands next year, though saying that I'm glad i didn't buy any $1000 bitcoins

one bitcoin will probably be towards 100k at the end of 2020 , this is just my theory tho. Bitcoin will have their 10 year millenium , and that will certainly bring some updates and hopefully some awesome news.

[polynesia]

I bought a couple too high, but I knucked down and bought more near the bottom. You should have done that.

You assume the bottom has already been reached? 

[CrackedLogic]

Think of it as gaining power pellets

^lol wut?

My prediction is October(2015)-Jan(2016) is when it should start to pick up to at least prices close to yours. Unless there's another pump and dump.

[Amph]

I bought a couple too high, but I knucked down and bought more near the bottom. You should have done that.

You assume the bottom has already been reached? 

neither the top is been reached, at least we are in the rise phase now, despite all the troll/haters who want noobs to dump

[KaliLinux]

I am a luckyish investor i guess, i managed to get in at the low 200's but could have been luckier and got in for a few dollars.

Take advice OP and if you can afford is average down your investment you may get it down to 4 or 500 which you should get this year hopefully 

[BillyBobZorton]

I bought a couple too high, but I knucked down and bought more near the bottom. You should have done that.

You assume the bottom has already been reached? 

It may not but we are definitely on a uptrend now. We are going to see 300+ for sure before a potential correction.