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

[arallmuus]

yes bitcoin is much bigger, but c`mon, we need to shill on  social media about bitcoin too

Shilling will be the last resort to do because BTC is bound to be succesfull as today even without a heavy shilling all over the social media. You may want to hype all you want but that wont bring enough demands to BTC to reach $690 anyway. What BTC actually needs is not a hype but a real demands on it

However, if they can hold for a few more years I'm sure we will surpass 1k easily.

This is the part where I dislike this. Basically holding prevent people from recovering some loss (considering that they bought at peak) . Best thing to do will be to get a profit through every small rally or rebounds. It is not hard to actually "play" this thing and it is much simpler than daytrading but the fact is that people seem to more into "holding" despite that they are suffering a blow from buying at the peak. With this, people could atleast re-coup few of what they lost without having to wait for years with uncertainty

On the other hand, even if BTC is showing a sign of price increasing right now , people should always realized that there is still always a potential for it to be a dirt cheap in overnight. Not saying that I dont believe in BTC however that people should not leave this fact aside but this seems to not be the concern of several hodler

[BitmoreCoin]

Maybe in a year's time.

[mark coins]

Never invest more than you're willing to lose. I would say if you need the money, get it out.
If not, just hold on for a while it'll go back up.

[Amph]

you will not only do it, but you can earn a huge profit if you're willing to wait enough, since 690 is a drop in the bucket, you can aim for 6900 if you want, just need to be patient

bitcoin is like the spread of the oil, it will get big eventually

[GreenStox]

Bitcoin is moving sideways till 2016, then price will go up again! 

What do you mean it already gained 30€ in price due to greece. And it hasnt even started yet.

Just wait to see next month, i think bitcoin by august will reach 300 possibly 350 €

[rayhan]

Well it's kind of tough to answer this. To break even , you might be measuring it via the current exchange rate , how else are you suppose to measure its purchasing power? But then if you can , there are other scales which cater to  the measurement, please go through them. Maybe if you  give it a good time, say 5 years to 6 or maybe 3 , you might achieve the target.

[klm bitcoin]

I bought my first bitcoin at about $350 , right now I wait for the value to go up to cover my losses.
no problem just Hold !

[Amph]

I bought my first bitcoin at about $350 , right now I wait for the value to go up to cover my losses.
no problem just Hold !

you are in a much better condition, 350 isn't so far away, we can grasp it, even in this month with the recent premises

690 need a good boost to be taken instead, with the current climbing, OP can hope to achieve it, by this year

[deisik]

I bought my first bitcoin at about $350 , right now I wait for the value to go up to cover my losses.
no problem just Hold !

you are in a much better condition, 350 isn't so far away, we can grasp it, even in this month with the recent premises

I expect significant corrections in the coming days with the Chinese stock markets right on course of collapsing. Gold seems to be affected too (sehr gut)...

[prodigy8]

there is no reason on Earth to ever sell your bitcoins for less that what you paid for them.  As has been said, price dips shake out the weak hands

[odolvlobo]

there is no reason on Earth to ever sell your bitcoins for less that what you paid for them.

That's a ridiculous statement. There are plenty of reasons. Perhaps you need the money, or you want to use the bitcoins, or perhaps you believe the price is going to drop further.

[centauribit]

We're still very much in the "wild west" period, which is fun but also why you never put down more than you're willing to lose and be able to sleep at night.

[arallmuus]

there is no reason on Earth to ever sell your bitcoins for less that what you paid for them. 

There is also absolutely no reason to keep your BTC while you can sell them for loss and recoup more at the lower price. I was merely a trader and keepsake holding is not a thing to me

i.e You buy 1 BTC for $500 . The price dropped to $400 and you decided to sell them for $100 loss . If the price keep on dropping to $300 and you buy them back at those prices, you actually get 1.33BTC now instead of 1BTC . You may lost in term of FIAT however judging from your words, I assumed that you are a hodler so it means it benefits you more by selling and recouping at the lower price to get more BTC

or perhaps you believe the price is going to drop further.

For most people, this reason isnt going to affect them as they believe that the price will increase after the drop and perhaps after few years the price is going to be 4-5 figures at least . Sad truth indeed ( I am not literally a hodler so yeah )

[hZti]

We're still very much in the "wild west" period, which is fun but also why you never put down more than you're willing to lose and be able to sleep at night.

BTC is always wild west, but if you look at the stock markets atm you'll see that BTC is incredible chilled right now.

To your 690$ goal, if the market moves against you, you should consider a short and don't just hold and pray, but it looks like a new bull market is ahead so just hold (my opinion)

[Argwai96]

Thinking about this type of scenario, i would had been force to at lease day trade in order to get a better position ther for lowering the breaking even mark.

wait for bitcoin to get back up is just nuts I'll be thinking about $690 all day lmao.

[Swordsoffreedom]

I bought my first bitcoin at about $350 , right now I wait for the value to go up to cover my losses.
no problem just Hold !

you are in a much better condition, 350 isn't so far away, we can grasp it, even in this month with the recent premises

690 need a good boost to be taken instead, with the current climbing, OP can hope to achieve it, by this year

Well it doesn't hurt to ride a few other waves that come in on the way to $690 if the opportunity arises
Holding till then seems to work but looking at the Litecoin rally having a few multipliers to burn is always a good idea.

[klf]

Will I make it?

Don't worry about missing out, I don't think anyone holding Bitcoin today has missed out on anything long term.

[jt byte]

Since you were smart enough to not put in more than you can lose, you're already a winner. Just be patient. Not only will bitcoins become more valuable, but as more businesses accept them their functional value will grow as well. The game's not over until you cash out.

[BillyBones]

You have posted this thread on March 01, 2015, 11:34:57 PM, so you can compare now and then value of Bitcoin, I hope you are nearing to the point of break even, hope you will make it down the line in 6 months or a year and wishing you for very good luck !
"We must accept finite disappointment, but never lose infinite hope" -- Martin Luther King, Jr.

[GreenStox]

Patience my friends, Bitcoin is now at 300$, it was 200$ a few months ago, so we definitely see progress now, with greece unfolding.

What we need now is more time, and more work to promote bitcoin, and it will be more than 700$ then