Re: ~415 - Break out up, or down?

But you have to know that the value of Bitcoin is going to rise slowly and that is really nice but of course it will be really hard to predict what is going to happen.
The value of Bitcoin is rising and that is perfect for people with already Bitcoin than you have to wait for the right moment to sell it.

For me, in the next 5 year, there will not be any right moment to sell as I am a believer of bitcoin and holld for the long term.

I will hold most of my coins for the long term. In the mean time, I will use some to buy goods to help the adoption.

The adoption can increase the number of users. When more people use the bitcoin, the price will rise further.

The price of the bitcoin is determined the usage and the number of users. The more users, the higher the price.

Not just users, but users who are actually investing their money to buy bitcoins. As without demand, just adoption alone won't let the price increase.

Well I agree with you man since today it's price is because of the current users it have now. I think it will rise more if it's users will be added by the coming years.

that is right. The price of the bitcoin increases with the number of users and usage. That is already proven.

The main problem with the bitcoin is that its price is too volatile at the moment. It might be better in a few years.

When the bitcoin price gets higher to around $100.000, it will not be so volatile. It will be similar to gold.