Quote from: gentlemand on February 12, 2014, 03:11:20 PM

The price has fluttered below my buy in average a few times. I went into this fully expecting that to happen.

Having looked into the price history I knew perfectly well that I might have to wait 12-18 months to make proper gains. I did my homework and was at peace with that thought.

Right now anyone whose average is over $1000 is unfortunate but it shouldn't be a surprise.

wow, that's truly a conservative perspective for anyone looking at a cryptocurrency (CC) of any type

Btc just made 5yrs old some days ago, and it wasn't until about April or May of 2013 that any level of "legitimacy" was truly enjoyed by the CCs, so I really congratulate you on having a year+ perspective; but I assure you that that is well beyond reasonable expectations for anyone getting into such a highly dangerous, extremely young, and massively volatile market in 2014. The track record for btc before November 2013 is not indicative of it's performance after that, it's a totally different world.

January is gone, and nearly half of Feb is too yet btc only hit a grand once.

A pure chartist will tell you that based on the charts the true high value of btc is about $400, and that anything above that is ridiculous speculation. But if you look at all of the negative ancillary forces pressuring the CC, IMO it's true value is about $1000 and anything under that is a bargain.

Btc's biggest harm is being caused internally by hacker, scammers, bad cus svc, and lack of self-regulation. I think if you remove the hype, defamation, and increase market security the value will see $1200 again this year. But since the world loves it's scary, wild, and crazy rides my bet is hype and defamation will be the rule resulting in your $500 to $1400 cycles.