Topic: Do you really think bitcoin price will touch $k again ? - page 2. (Read 3178 times)
There's every chance and possibility that it will happen, provided nothing bad happens to the network or any loss of reputation due to scams whatever, and at its current growth rate in terms of adoption and development of infrastructure, i would say we are on track. The question that remains to be answered is "when" it will happen. That's something everyone wants to know answer for.
That is exactly why I lost my faith in bitcoin. Price of bitcoin is dictated by early adopters, already rich people who just bought shitton of bitcoin for fun really or other whales. Simple bitcoin users have nothing to say about that and are swimming along. Great news about bitcoin are being ignored and people tend to panic over nothing and sell like crazy sometimes (see beginning of 2015). That is why bitcoin won't reach $1000 anytime soon.
Yup. Only a few hundred people are in the driving seat at the moment. I'll guess that the rest of the 'traders' don't have experience in other markets and will play into their hands every single time.
Bitcoin needs many more real users and better exchanges to attract a scarier class of whale. It's a possibility it'll be wrung dry if it can't get past this phase.
I say that anything is possible, why stop at at $1,000?
Currently, the price is floating in the $200 - $300 range and has been there for a few months now.
As a result, it would be safe to assume that this trend will continue for a while longer.
So in my opinion, it won't be getting to $1,000 anytime soon.
I do think that in a few years, the price will get that high again.
Currently, the price is floating in the $200 - $300 range and has been there for a few months now.
As a result, it would be safe to assume that this trend will continue for a while longer.
So in my opinion, it won't be getting to $1,000 anytime soon.
I do think that in a few years, the price will get that high again.
Do you really think that btc will be thousand dollar again in 2015 ? Or on which crypto , you rely on ? or on which crypto, you have some dreams ?
It will. Myabe not in the next 2-3 years, but it will.
Why? Because mining is too expensive and at some point the miners will just hold until the price rises and stays stable at a number where mining is still profitable.
Miners have quite a monopoly on the price and, sooner or later they will understand that and will act accordingly.
i guess it will at some point. but when it happens again i hope it will last longer than previous time.
if it goes up in a stable manner then we might even see a new ath.
if it goes up in a stable manner then we might even see a new ath.
Sure, the price will touch $k again in the future and definitely will stable above $1K.
The reason is there are still only a million people who adopt bitcoin at now, about 0.05% of the total people in the planet. The potential is huge.
The reason is there are still only a million people who adopt bitcoin at now, about 0.05% of the total people in the planet. The potential is huge.
Maybe next year, may not forever.
Who knows, even Microsoft accepted btc, it was only a little rebounce. And after that it went down to lowest 150 USD.
So it means btc price is determined by pumpers and dumpers, but not good news or other things.
That is exactly why I lost my faith in bitcoin. Price of bitcoin is dictated by early adopters, already rich people who just bought shitton of bitcoin for fun really or other whales. Simple bitcoin users have nothing to say about that and are swimming along. Great news about bitcoin are being ignored and people tend to panic over nothing and sell like crazy sometimes (see beginning of 2015). That is why bitcoin won't reach $1000 anytime soon. Who knows, even Microsoft accepted btc, it was only a little rebounce. And after that it went down to lowest 150 USD.
So it means btc price is determined by pumpers and dumpers, but not good news or other things.
If it does not encounter any technical issues, then surely will reach the $k range within the next years...
I don't know why people get so giddy over high Bitcoin prices, I'm convinced that if it ever does reach those sorts of levels again, especially the $10,000 die hards are expecting it's going to be due to hyperinflation, in which case, I won't be selling my coins I'll be using them as currency.
There are still people out there who don't realise that high prices aren't necessarily a good thing and think that dumping their coins for valueless paper is going to get them somewhere in life.
There are still people out there who don't realise that high prices aren't necessarily a good thing and think that dumping their coins for valueless paper is going to get them somewhere in life.
Yep. I completely agree with you.
Bitcoin prices skyrocketing might not necessarily be a good thing, it can mean a bubble/relative price instability, or an extreme fiat hyperinflation happening. I would rather use bitcoins as a store of value, rather than an almost "HYIP" like investment.
I don't know why people get so giddy over high Bitcoin prices, I'm convinced that if it ever does reach those sorts of levels again, especially the $10,000 die hards are expecting it's going to be due to hyperinflation, in which case, I won't be selling my coins I'll be using them as currency.
There are still people out there who don't realise that high prices aren't necessarily a good thing and think that dumping their coins for valueless paper is going to get them somewhere in life.
There are still people out there who don't realise that high prices aren't necessarily a good thing and think that dumping their coins for valueless paper is going to get them somewhere in life.
Currently , you need $1m daily "support" for the miners that constantly dump they coins to pay for bills, that is no pocket money but it's not a huge amount either.. it can go up faster then it comes down in my view..
Yeah, a million dollars is certainly pocket lint in financial markets. But bitcoin has no volume to speak of. In average 24hrs it turns over in dollar terms like 1/100 of that of Facebook stock in a six and one half hour session. To name an example. The currency market then turns over five trillion dollars in a day.
Nope, I now have a negative view about Bitcoin price in nearly furture. The situation happend at the end of 2013, we are unable to make it happen again. Bitcoin have rarely developed in last few years, whether it touches $k again depends on the furture development.
Currently , you need $1m daily "support" for the miners that constantly dump they coins to pay for bills, that is no pocket money but it's not a huge amount either.. it can go up faster then it comes down in my view..
Yes... it will touch $1,000 mark... but not in 2015. May be in 2016... or more possibly, in 2017.
Right now the prices are being stabilized at $250-300 levels. If the demand increases two-fold (which is possible within 12-18 months)... then we will touch $1,000 for the first time (in 2013, it was mostly due to rigging by Mt Gox, so I am not considering it).
Right now the prices are being stabilized at $250-300 levels. If the demand increases two-fold (which is possible within 12-18 months)... then we will touch $1,000 for the first time (in 2013, it was mostly due to rigging by Mt Gox, so I am not considering it).
How do you know?
Move thread to speculation.
I have given the reason in my post.
The growth in Bitcoiners during 2014 was around 2x. Assume the same for 2015 and 2016.
It won't touch even 800$ in the short term, look at what we have, we can't even stay stable at 300$ now. We need big event to push price up, for example, financial crisis, substantial development.
We have to admit the development velocity of Bitcoin is slower than what we expected. So a depressing prices right now is reasonable.
We have to admit the development velocity of Bitcoin is slower than what we expected. So a depressing prices right now is reasonable.
It´s possible but not with the anemic volume we´ve seen for over a year. For it to attract any real money it must trade on exchanges that are trustworthy, insured and taken seriously.
I would say not for a few years
and why?
i'm more inclined to say yes, and in a few months, near the halving of before that, but not after
hell it could even happen this year
Do you really think that btc will be thousand dollar again in 2015 ? Or on which crypto , you rely on ? or on which crypto, you have some dreams ?
$1,000 is just a minor target on the way to much higher levels.
The next big rally goes to at least $2,800 and maybe $4,750
agreed with you 1k is not a big target to reach i think in this year near Christmas we will see price will touch this level again,
next tar get will be go to more higher levels like 2k, 3k an so on.
Do you really think that btc will be thousand dollar again in 2015 ? Or on which crypto , you rely on ? or on which crypto, you have some dreams ?
$1,000 is just a minor target on the way to much higher levels.
The next big rally goes to at least $2,800 and maybe $4,750
I am confident we will see a new all time high. This year? possibly. Within 10 years? for sure 
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