Bitcoin at $1165 ! What now?

Can it keep going up? Do you expect a drop before march 11th?

Why I ask is Im considering moving some into altcoins. Maybe XMR or DASH but theres others looking good right now so looking for opinions?

Nobody knows It is very important the price you bought it

You can sell some and wait, and sell again so you can get better price as average in total

But this market it is very risky!

It can go up to $2000 or drop back to $200. Nobody knows for one and any event (like a big exchange going down, new government rules etc.) can crash the price with $100's overnight.

If you have BTC just hold them that's the safe bet because in the long run the price will go up as it'll become a more stable environment.

Buy a few bitcoins then ignore them for a few months

I'm very confident with what Kim Dotcom said - it will be over $2,000 by the end of the year. I've bought some BTC few days ago and will invest 20%-25% of my monthly profits on it.

Here's the thing - Bitcoin has been slowly going up without any news hype which is an awesome sign. The Chinese economy does have an impact on it however (when it reached $1,000 - it soon fell down because of the Chineese economy).

AirBnB will most likely adding Bitcoin too (it was one of their most requested features for 2017). However I would say that's not as significant as people would imagine it to be. Right now BItcoin is primarily used for $xxx-$x,xxx transactions. When it hits the $0.0x-$xx market, you will see a huge increase and it will play a big role in the way people use it. The world is becoming more free in terms of content being shared (whether movies, shows, music, tools & etc).

I'm a believer that Bitcoin will have a huge impact on the Music industry (+ more) with microtransactions (currently unavailable due to high credit card processing fees and other complications). Artists will be giving out their music for free, and people will be donating a few cents for that in appreciation (which can be very profitable for the industry).

Mega 2.0 + Bitache (if I think what it is) will give Bitcoin a gateway to the lower (yet HUGE) market. 100 Million users automatically having a Bitcoin wallet and earning money through Bitcoin donations for their shares. I know I certainly would donate a few cents at least for good shares. Sad to hear Mega 2.0 was delayed, was really hoping to see what kind of impact it will have.


Luka

LukaB said:

I'm a believer that Bitcoin will have a huge impact on the Music industry (+ more) with microtransactions (currently unavailable due to high credit card processing fees and other complications). Artists will be giving out their music for free, and people will be donating a few cents for that in appreciation (which can be very profitable for the industry).

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Although this might no be right around the corner yet I do whole heartedly agree digital media often is an early adopter of technology and digital currency wont be any different. I wouldn't be surprised to see subscription based services go this route as well. I remember signing up for sportsaccess.se and it was stupid easy to pay , send and done no auto renew no fees no card number floating around

Its going to surpass gold, people embrace new and bit coin has slowly been gaining traction.

I just hate knowing it could crash, even if it's unlikely. I do strongly believe Bitcoin is become much more mainstream. Many companies are accepting Bitcoin. But I fear government regulations will impact it.

710fla said:

I just hate knowing it could crash, even if it's unlikely. I do strongly believe Bitcoin is become much more mainstream. Many companies are accepting Bitcoin. But I fear government regulations will impact it.

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Probably the scariest part about the market indeed. I would put this first and everything else a distant second. I fear it becoming acceptable on a large mainstream scale and some force of action happens in response. I am curios where jurisdiction falls though and how far will the u.s reach to prosecute when they do attempt to regulate it.

today 1450$ per bitcoin

Haha theres been some drama in btc since the start of the thread. I bought dash after the OP but sold them not long after to go to GNT. LTC just got added to coinbase so wish i'd bought more of them.

What now?

Just see what happens as anything can happen.

As I write this, BTC is at $1522 and LTC is at $21.17.

I'm glad I sold all my other alts a couple weeks ago and went heavy BTC, LTC, and Gnosis (which is down right now). But overall, I saw a 15% return just in the past 24 hours. I think it will continue to rise for a bit, then level off.

I was able to sell my dash! I bought btc for 1565 and hoping to sell it for 1600 ^_^

Yeah I see Bitcoin going $2000 but the gains won't be as impressive as Ethereum which I believe will surpass 500 by the ned of the year. It is being adopted by the market way faster, it has the most developers working on its code and they are not on eachothers necks fighting over the future direction of the coin like BTC. Division in the followers this intense will split BTC in two and will die off if they don't come together.

<-well I'm just angry I sold a load when it was at about 100 quid a go. Arghhhh! I think the peak will steady for the moment.

I'm not so sad that I sold some BTC at 1590 now. I was when it was rocketing this morning. Sadder that I sold my Ethereum though. I still have some but I sold 70% at $52 I paid $12 for it though so not too bad, just could have been way better LOL

Well I bought my first Ethereum at 25 and was telling all my friends and family but they still believe BTC and cryptocurrency were shady. Look now Ethereum is the first cryptocurrency that will be an ETF and soon.

I bought Bitcoin at 500 and though it had potential but when I started mining and learned real value cost of electricity. I saw the light and figured it was a real waste of energy and it couldn't be sustained. If the market starts to turn on BTC I am afraid it will not recover as fast.

Were as ETH it is built to be a seamless integration with millions of apps and what it is mostly is app not a coin. It has more chance to be ubiquitous than BTC in our lives.

I sold my BTC at 1587.2. Which is good cuz it's now at 1400 which is like FREE MONEY. I would buy it if I didn' tget back into LTC :/ but oh well .

LOL @ the dude that said eth would be 500 by Dec 2017 HAHAHAHAHAHAHAHA wat world do u live in?

As long Trump leads the parad and the situation over Turkey you can safely say that BTC will stay over 1k for long time

P.P: Ethereum gain some investment , you may invest some of your cash on it as 2nd option. But nah.. can't see passing 200$ this year