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Topic: I need bitcoin to be $690 to break even.....will I make it? - page 15. (Read 26258 times)

legendary
Activity: 2590
Merit: 3015
Welt Am Draht
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.
Q7
sr. member
Activity: 448
Merit: 250
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.
hero member
Activity: 672
Merit: 503
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.
hero member
Activity: 714
Merit: 500

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.
hero member
Activity: 1022
Merit: 500
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.
hero member
Activity: 742
Merit: 526
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.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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
legendary
Activity: 1050
Merit: 1000
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.
legendary
Activity: 1288
Merit: 1000
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?  Grin
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.
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
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.
D4C
newbie
Activity: 47
Merit: 0
Depends on how much do you need it and by when. short answer no.
legendary
Activity: 1330
Merit: 1000
dafar consulting
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
legendary
Activity: 1001
Merit: 1005
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.
legendary
Activity: 1260
Merit: 1116
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?  Grin

I assume nothing. I prepare for surprise bear-raid buttsecs at a moments notice. I have special pants.
sr. member
Activity: 308
Merit: 250
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  Shocked

sr. member
Activity: 356
Merit: 250
I wouldn't be surprised if bitcoin really was trading at these levels sometime in the future.
member
Activity: 98
Merit: 10
Mine hard!
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.
legendary
Activity: 1204
Merit: 1028
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?  Grin
It may not but we are definitely on a uptrend now. We are going to see 300+ for sure before a potential correction.
hero member
Activity: 1344
Merit: 565
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  Grin
legendary
Activity: 3248
Merit: 1070
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?  Grin

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
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