Quote from: bryant.coleman on February 25, 2017, 04:07:48 PM

Quote from: Kotone on February 25, 2017, 02:19:49 PM

Quote from: BingoDog on February 25, 2017, 02:12:03 PM

At the moment bitcoin is at position to achieve better price then gold so I would choose bitcoin at the moment. And it's also good long term investment just as gold, something that will have even bigger value in the future, so invest in bitcoin and if necessary you can always turn it into gold.

I believed on your statement bitcoin is quite high and expensive we already made up profit when the price is at the range of $800 per coin if we already bought atleast 5-10 bitcoin then we already made up $1000 profit just in a day, It doesn't need to invest on the long term when you actually love to hold your bitcoin you will be granted profit instantly when the price increase.

Who might have thought that the exchange rates will increase by 500% during the last 12 months? Especially after all the heartburn we had during the last 4 years? But I have a feeling that a significant correction is on its way. We can expect the correction to be in the range of 25% to 30%, and this dip may be the last chance to purchase coins at sub-1,000 levels

Folks have been expecting correction since 800 dollars per coin

So it is mostly useless as well as fruitless to rely on your expectations and gut feelings. If someone had told you in early December what the Chinese authorities were going to do (i.e. basically prohibit Bitcoin from any meaningful trading on all major Chinese exchanges), you would most likely have said that Bitcoin was going to crash heavily, likely a few hundred dollars. Instead it continues to rise despite all odds. Personally, I would be happy if Bitcoin went down to, say, 900 dollars but it is now clear that it would have to crush a lot of massive buy walls on its way down (if it ever goes down at all)