Picture Purged
This pic was taken a few months ago, before I shaved it again. Grow or no?
Your hair is really short. I think It would look better with a little more hair and If you don't like it then shave it.
~Peace~ Blonde
Not sure if the post is still on the board, I asked earlier in the week if I was too bald to grow. Just in case anyone needs their memory refreshed.
You look more like you just have a really high forehead than balding. You won't know what it looks like until you try. The cool thing about growing out from really short is that it changes a lot within a short time frame. While that's happening you can usually play with the facial hair to find a look you like. For example, I preferred bushy sideburns and a 'stache when it was medium length; but I usually go for either a full beard or short burns and a stache when it's long. Everybody has a look that works but you have to experiment sometimes, and sometimes experiments fail. I think you've gotta be cool with that to grow your hair out.

You could always grow your hair like these two dudes from The Matrix. Also I know a guy who is completely bald on top, but has a mane going down to his upper back. It actually looks pretty good IMO.
There's only one way to find out. If you don't like it, you can easily go back. Look on the positive side, if you decide to grow a full ponytail, you're bangs have a couple of inches less to grow before that can happen, saving you about four months!
Honestly? WHY NOT?
What's the worst that could happen?
WORSE CASE SCENARIO:
You grow it for 12 months, you hate it, you shave your head again. See its easily fixed.
Besides your hair loss seems to be focussed on your forehead, and assuming that's your son (or a close relative) in the photo with you, then you probably always had a very high hairline, because the kid does too.
This means you haven't lost much hair, you can probably grow successfully without any problems, you certainly don't look bald.
I agree, go for it.