Quote from: l8genius on April 12, 2017, 08:55:35 PM

Quote from: bettercrypto on April 12, 2017, 08:37:56 PM

Quote from: bitcoinisbest on April 11, 2017, 06:19:33 AM

Whether Bitcoin will benefit it in long run or not has various factors to depend on like -

- Country policy towards bitcoin
- What rate you purchased bitcoin. Was it at early stage like 300 - 400$ or above 1000$
- If China decides to ban bitcoin in coming time price will fell like a ball falls from top since they hold majority.

It seems countries are getting friendly with bitcoin this time. So I guess Bitcoin will increase in price. And even at $1000 a piece purchase, Bitcoin price incease is inevitable. China's ban on Bitcoin if ever will only result in a temporary dip in price, there are more country that are going friendly with Bitcoin so definitely this will cover the losses created by China's ban.

I believe that the price right now (1217 at the time of this post) is going to be considered a low point for bitcoin in a few years. as more countries and people adopt the use of bitcoins and cryptos, the price will shoot for the moon

Yeah and there is a chance that in future we will never see this price again and at that time we would be regretting for not buying bitcoins at this price so if you can hold it for really long term then this is the best time to buy bitcoins.