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Topic: Bitcoin price PLUS $1000 - Would Bitcoin then see world wide acceptance? - page 4. (Read 6676 times)

member
Activity: 235
Merit: 10
If you used the quality of discussion on this forum as a leading indicator of price movement, you'd liquidate everything after reading this post.
jr. member
Activity: 53
Merit: 12
I think you misunderstand how markets work.
sr. member
Activity: 952
Merit: 281
In theory the price shouldn't affect the adoptability of bitcoin, yeah it would be great if it reaches $1000 again any time soon but I think more focus should be put on building services and infrastructure to enable world wide adoption.
In theory it shouldn't.  In reality, when the price is sky-rocketing the news reports it and the main-streamers want to buy in
hero member
Activity: 798
Merit: 1000
LIR Dev. www.letitride.io
In theory the price shouldn't affect the adoptability of bitcoin, yeah it would be great if it reaches $1000 again any time soon but I think more focus should be put on building services and infrastructure to enable world wide adoption.
legendary
Activity: 1199
Merit: 1047
Well it's the other way around actually. Bitcoin will only see a higher price if more and more people are buying it and using it, at least as a store of value. $1000 actually is still too low to assume a world-wide acceptance, we've crossed the $1000 mark before, after all! If it really was accepted world wide, we'd see at least $50k-$100k I guess. If not more!

It depends on how much it's demanded. If it becomes something comparable to the USD, each bitcoin would have a purchasing power greater than 1 million of dollars nowadays. Just take into account the enormous amount of money in the financial markets.
sr. member
Activity: 308
Merit: 250
Watching the price of Bitcoin stay at $500 is pretty sad especially when you run a Bitcoin farm. So here is a question I would ask.

If everybody in the Bitcoin community including merchants, speculators, investors, miners and forum members decided to add $1000 to the value of Bitcoin so a Bitcoin price today would be more like $1500 USD instead of $500. Would that really be a bad thing if everybody agreed it was the right thing to do?

Miners would then make money, the back bone of the system.

Adoption would be higher as a base price of $1000 is always guaranteed.

Mining manufactures could continue to create better ASIC machines.

The public would start to see Bitcoin as something of real value, and know each coin is worth at least a $1000.

Maybe this is just something added for the next 5 or 10 years. Just as a way to keep it going so Bitcoin can continue to show the world what a really great technology it really has become.

Bitcoin price PLUS $1000, would that work???  Cool
This is really not how supply and demand works. As of now the market has decided that one bitcoin is worth ~$477, if everyone was willing to agree that one bitcoin would be worth $1,500 then it would already be trading at that level.
legendary
Activity: 812
Merit: 1000

someone make him bitcoin ceo^
newbie
Activity: 53
Merit: 0
go, and buy some bitcoins, if it will do everyone, the price will go up
give all your money to bitcoin right now !
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
Well it's the other way around actually. Bitcoin will only see a higher price if more and more people are buying it and using it, at least as a store of value. $1000 actually is still too low to assume a world-wide acceptance, we've crossed the $1000 mark before, after all! If it really was accepted world wide, we'd see at least $50k-$100k I guess. If not more!
member
Activity: 84
Merit: 10
Once 1000 is broken again the brakes will be lost. It's just dumb uninformed people with their doubts thats keeping the price down.
member
Activity: 111
Merit: 10
Watching the price of Bitcoin stay at $500 is pretty sad especially when you run a Bitcoin farm. So here is a question I would ask.

If everybody in the Bitcoin community including merchants, speculators, investors, miners and forum members decided to add $1000 to the value of Bitcoin so a Bitcoin price today would be more like $1500 USD instead of $500. Would that really be a bad thing if everybody agreed it was the right thing to do?

Miners would then make money, the back bone of the system.

Adoption would be higher as a base price of $1000 is always guaranteed.

Mining manufactures could continue to create better ASIC machines.

The public would start to see Bitcoin as something of real value, and know each coin is worth at least a $1000.

Maybe this is just something added for the next 5 or 10 years. Just as a way to keep it going so Bitcoin can continue to show the world what a really great technology it really has become.

Bitcoin price PLUS $1000, would that work???  Cool
Increment in price doesn't mean people would accept it.Increment and more volatility in short period makes people not to trust in bitcoin
legendary
Activity: 1199
Merit: 1047
Watching the price of Bitcoin stay at $500 is pretty sad especially when you run a Bitcoin farm. So here is a question I would ask.

If everybody in the Bitcoin community including merchants, speculators, investors, miners and forum members decided to add $1000 to the value of Bitcoin so a Bitcoin price today would be more like $1500 USD instead of $500. Would that really be a bad thing if everybody agreed it was the right thing to do?

Miners would then make money, the back bone of the system.

Adoption would be higher as a base price of $1000 is always guaranteed.

Mining manufactures could continue to create better ASIC machines.

The public would start to see Bitcoin as something of real value, and know each coin is worth at least a $1000.

Maybe this is just something added for the next 5 or 10 years. Just as a way to keep it going so Bitcoin can continue to show the world what a really great technology it really has become.

Bitcoin price PLUS $1000, would that work???  Cool

How do you "add" $1000 to its price? You won't achieve that unless you start spending many millions buying bitcoins.

The price will "naturally" increase as it becomes more used. It's just a matter of time, of more shops accepting it, of being more easy to use, etc.
hero member
Activity: 518
Merit: 500
When bitcoin will have a complete worldwide adoption the price won't be 1500$ but 150000$ or more.
and we will sit on beds of cash.
full member
Activity: 138
Merit: 100


What's the point of bitcoin exactly if everybody just held on to it?

I would not expect for everybody to hold onto Bitcoin. Mining farms cant do it because there is a cost to mining.

All the merchants are dumping into fiat so I am sure we need more people to buy and hold to bring up the price, but a base price is just a base. No reason why Bitcoin with a base price could not also climb to $2000 or $3000 on its own.

What we need are some great ways to get Bitcoin to be adopted by the masses!
legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
I bought a lot lower than $1000 so I sure would accept and start spending it!
newbie
Activity: 42
Merit: 0
Come back in 10 years if you want mass gains.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
When bitcoin will have a complete worldwide adoption the price won't be 1500$ but 150000$ or more.
member
Activity: 98
Merit: 10
We do have worldwide participation just not mainstream.
Buo
member
Activity: 112
Merit: 10
When bitcoin will have a complete worldwide adoption the price won't be 1500$ but 150000$ or more.
newbie
Activity: 27
Merit: 0
Price is decided by supply and demand, you can't set a price for bitcoins and hope it will be fixed forever.
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