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

[Coinshot]

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?

It will be easy IF there is another bubble. Even if BTC does not work in the long term I feel there is at least one bubble remaining.

[BitmoreCoin]

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.

I have no doubt that BTC will reach $1000 within next two years. I just wonder when the price will always be higher than $1000.

[polynesia]

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?

It will be easy IF there is another bubble. Even if BTC does not work in the long term I feel there is at least one bubble remaining.

The next block reward halving in 2016 could be a trigger.
The supply of bitcoins dumped in the market would reduce and could trigger an increase in price.

[Coinshot]

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?

It will be easy IF there is another bubble. Even if BTC does not work in the long term I feel there is at least one bubble remaining.

The next block reward halving in 2016 could be a trigger.
The supply of bitcoins dumped in the market would reduce and could trigger an increase in price.

I do not think so. Any reward halving would already be priced in.

Besides, the forces behind bubbles are considerably more than the amount of coins being generated.

[vrm86]

If only price changes would be related to the incoming halvings... gonna be too easy

[turvarya]

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?

It will be easy IF there is another bubble. Even if BTC does not work in the long term I feel there is at least one bubble remaining.

The next block reward halving in 2016 could be a trigger.
The supply of bitcoins dumped in the market would reduce and could trigger an increase in price.

I do not think so. Any reward halving would already be priced in.

Besides, the forces behind bubbles are considerably more than the amount of coins being generated.

Halving will lose it's effect over time, but I think, the next one will still have a lot of influence.

[BillyBobZorton]

As predicted we are seeing a small correction again after hitting 300, before we consolidate above 300 again, probably a good idea to buy in this 270 ish dip.

[JaredStein]

I would just hold for a few more years and see where it goes, you can invest in some other Alts if you wanna try your luck, but best bet is to just hold and hope for the best.

[deisik]

As predicted we are seeing a small correction again after hitting 300, before we consolidate above 300 again, probably a good idea to buy in this 270 ish dip.

I wouldn't call this fall a small correction (more than 10% decline, by the way). The price is now around 267$ per coin. I'm afraid that the recent surge was only a minor pump-and-dump effort of sorts (it ended suspiciously too quickly), and now we can go even further down to 250 and below (to the earlier established levels)...

[cellard]

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.

I have no doubt that BTC will reach $1000 within next two years. I just wonder when the price will always be higher than $1000.

Once we break the last ATH again the floor will be 1000 no doubt. We'll go to like 1800, or even 2000 or god knows, then if there is a second crash, when we approach 1000 people will panic buy.

[tyrexs]

you need waiting 2 year for bitcoin back to $600

[BlindMayorBitcorn]

you need waiting 2 year for bitcoin back to $600

There are too many bagholders for it to ever go that high again. You bought the bubble. You weren't the only one

[JaredStein]

you need waiting 2 year for bitcoin back to $600

There are too many bagholders for it to ever go that high again. You bought the bubble. You weren't the only one

I agree, I think it is going to eventually hit the 300-350 state and rest there. The $1000 state is long gone and is probably not coming back any time within the next 10 Years.

[desertfox470]

Not anytime soon.  I dont see it going over $500 unless something really big happens worth bitcoins.

[Orangina]

Maybe in 2015 summer it will hit : 500$ or more but for the moment I don't think 690$ is easy
Maybe after the summer BTC price will drop again ...

[Icardi09]

Maybe in 2015 summer it will hit : 500$ or more but for the moment I don't think 690$ is easy
Maybe after the summer BTC price will drop again ...

why do you think bitcoin will up again in summer 2015?
any upcoming special event happen at that time? bitcoin ETF?

[Vezalke]

Late 2015, early 2016 you'll get even.

[The Sceptical Chymist]

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

Hmmm...we'll see.  I'm  new to cryptocoins and am curious as to where this is all heading myself.I didn't buy any until after that parabolic spike.  Feels like the precious metals market almost.

[bitboy11]

It should see $690 again in at least 3 years or less.
But clearly you're in a tough position when you bought so much at such a high price.
All I can recommend you to do is... Hold!

[GreenStox]

It should see $690 again in at least 3 years or less.
But clearly you're in a tough position when you bought so much at such a high price.
All I can recommend you to do is... Hold!

Yes, i agree, unless he needs the funds immediately, he should hold. No reason why to sell now, the price of it is stable and eventually if you wait it out i will get back above 690$.

Of course it can also go to 0, but that means that the whole project will fade away and something better comes along, much better, and if thats the case then he`ll have another opportunity to get rich quick...