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

[btcminer021]

Will I make it?

My bet's on about 3-5 years before it goes much above $300. By that time there may be a replacement, but BTC will be the first, and humans are very nostalgic.

[scott btc]

I wouldn't be surprised if bitcoin really was trading at these levels sometime in the future.

[Bralex]

Will I make it?

My bet's on about 3-5 years before it goes much above $300. By that time there may be a replacement, but BTC will be the first, and humans are very nostalgic.

Whoah it will be sooner than that pal we are looking at that by the end of this year if it does nothing then it will likely drop not rise 

[BlindMayorBitcorn]

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? 

I assume nothing. I prepare for surprise bear-raid buttsecs at a moments notice. I have special pants.

[Amitabh S]

Will I make it?

Out of curiosity, how much did you invest?
Here's my prediction. One of the two will happen by the end of the year:

- Bitcoin will be under $100
- Bitcoin will be over $1000

There's no place in between.

[Dafar]

Out of curiosity, how much did you invest?

~$26K

Here's my prediction. One of the two will happen by the end of the year:

- Bitcoin will be under $100
- Bitcoin will be over $1000

There's no place in between.

That's what I think too, so I could cost avg down more but I don't want to risk any more money than I already have

[D4C]

Depends on how much do you need it and by when. short answer no.

[findftp]

Yes, you will make it even faster when you buy some extra right now.
June we're probably above 500, after that it's sideways untill half 2016, then we start a slow increase which will turn out in a hyper bubble to 1 trillion around 2020.

So, no worries.
Sit back and enjoy the way up.

[maku]

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? 

No my friend. In case of bitcoin bottom is yet to reach. I am still amused how - after some period of time bitcoin price can drop to some alarming values. It is just something that remind me that nothing is certain in cryptocurrency world. One day you are a millionaire and next day you have next to nothing.

[CrackedLogic]

There was a minor dip, about $17 in the last few hours. It's been bouncing back an forth for the past few days now.

[ajareselde]

Out of curiosity, how much did you invest?

~$26K

Here's my prediction. One of the two will happen by the end of the year:

- Bitcoin will be under $100
- Bitcoin will be over $1000

There's no place in between.

That's what I think too, so I could cost avg down more but I don't want to risk any more money than I already have

Im sorry but i have to scratch that out for you, since there is no logical or techical indication that bitcoin could go to or about 100$, there is simply too much support under the 200 line to allow it.
And what makes you believe that bitcoin will go above 1k $ this year ?
You obviously got this wrong, since the price to all logical and technical guidelines actually does belong in between. for this year to be more precise. And by next years end is definetly time
for op to break even,few months before halving.

cheers

[tee-rex]

Will I make it?

No, you won't since you are doing it the wrong way, right from the start. Simple but working strategy - when you see that the rate is falling and your losses are accumulating, sell a small part of your funds and then wait. If you see that the decline continues, buy up what you sold, then repeat. If the rate begins to increase, just let your profits grow.

[picolo]

There was a minor dip, about $17 in the last few hours. It's been bouncing back an forth for the past few days now.

It has been boucing back from 180$ to 270$ now and it will likely keep going to break 300$ soon.

[turvarya]

Will I make it?

Any timeline?

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

Are you aware that Bitcoin is just 6 years old?
In this perspective 5 years seems like a really long time.

[neurotypical]

Out of curiosity, how much did you invest?

~$26K

Here's my prediction. One of the two will happen by the end of the year:

- Bitcoin will be under $100
- Bitcoin will be over $1000

There's no place in between.

That's what I think too, so I could cost avg down more but I don't want to risk any more money than I already have

Im sorry but i have to scratch that out for you, since there is no logical or techical indication that bitcoin could go to or about 100$, there is simply too much support under the 200 line to allow it.
And what makes you believe that bitcoin will go above 1k $ this year ?
You obviously got this wrong, since the price to all logical and technical guidelines actually does belong in between. for this year to be more precise. And by next years end is definetly time
for op to break even,few months before halving.

cheers

We've seen you can't apply classic logic to the bitcoin price. Trying to predict this is like trying to predict the weather. But indeed there seems to be big ass support in 200 area, even tho rallys can happen both ways and no one can predict when the price decides to crash harder or go ape shit reaching a new ATH.

[Q7]

Don't give yourself excuse to break even. Since you have waited for quite some time why not just hang on there a little. I don't expect price to gain a lot during the halving which is supposed to be around next year but there is a high probably we'll see bitcoin crawling up to the previous high after the following halving.

[gentlemand]

Don't give yourself excuse to break even. Since you have waited for quite some time why not just hang on there a little. I don't expect price to gain a lot during the halving which is supposed to be around next year but there is a high probably we'll see bitcoin crawling up to the previous high after the following halving.

You expect it to approach $1000 around 2020? I think it'll be long abandoned by all but the ultimate die hards if it isn't much, much bigger by then.

[tee-rex]

Don't give yourself excuse to break even. Since you have waited for quite some time why not just hang on there a little. I don't expect price to gain a lot during the halving which is supposed to be around next year but there is a high probably we'll see bitcoin crawling up to the previous high after the following halving.

You expect it to approach $1000 around 2020? I think it'll be long abandoned by all but the ultimate die hards if it isn't much, much bigger by then.

1000$ by 2020, is a bit optimistic imo. I just hope it comes back to 600 and stays stable there.

Is this your break-even too, and are you going to sell your bitcoins as soon as they reach 600$? In other words, did you lose your faith by now?

[GreenStox]

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

Thats not a good way to measure PP, you need a basket of goods not just 1 item to measure the real PP.

Try the CPI index or CPE, that will be better.

So basically check every item listed in the CPI, and see for how much you can buy it in Bitcoin directly, not the converted price from dollar.

That should see that bitcoin is deflationary. Don't even look at fiat because it can be misleading...

[AtheistAKASaneBrain]

Don't give yourself excuse to break even. Since you have waited for quite some time why not just hang on there a little. I don't expect price to gain a lot during the halving which is supposed to be around next year but there is a high probably we'll see bitcoin crawling up to the previous high after the following halving.

You expect it to approach $1000 around 2020? I think it'll be long abandoned by all but the ultimate die hards if it isn't much, much bigger by then.

1000$ by 2020, is a bit optimistic imo. I just hope it comes back to 600 and stays stable there.

Is this your break-even too, and are you going to sell your bitcoins as soon as they reach 600$? In other words, did you lose your faith by now?

He's delusional to think "1000$ by 2020" is optimistic. We'll reach that within two years again no doubt.