Quote from: bamboylee on October 22, 2016, 04:23:55 PM

Quote from: uki on October 22, 2016, 09:30:26 AM

Quote from: Denker on October 22, 2016, 08:47:57 AM

I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!

And that is yet another good point. If things taken in proper perspective, 2016 has been a great year so far.
Great growth and with price now around $600-650, people who had enough patience got quite a chunky gain.
It is all about how realistic price expectations you may have. I know that many were expecting moon or beyond, just because of the halving.
They put their 0.1BTC hoping it will grow 10 or 20 fold, just like that. Well, that is not that easy, and I hope that was a good lesson for them how difficult it is to even double the price from where we are now.

Those who got started with bitcoin last year, like me, is very satisfied with the growth of bitcoin this year. We even hit 800 at one point. Maybe those who started this year are the impatient ones. This long correction phase bores them. I think this is about to end and the price will start to pump as the holidays are fast approaching.

That is right. The newcomers are usually impatient, nothing new about it. It usually take them until the first bigger loss that helps them put the things in a proper perspective.
Things take time even in Bitcoin and one has to learn to live with that and trade it to his/her advantage.