Topic: Do you think bitcoin will reach it's $1000 mark again? - page 11. (Read 19495 times)
of course ...Bitcoin started at pennies and now look at it... was up to over $1k at one point
That time is done. Not to many people knew about it's efficiency because not to many were mining as they are now.
Now it's the time of normalization because it is more common to see it being used and commercial entities are using it now. So no, it will never reach it's peak again. Think of it the same as the tech bubble, will there ever be another microsoft being the first? Sure facebook, but now more people are using it so it is just another tech company. Just like litecoin is to bitcoin, their will never be another first. So no, it won't surpass $1200 ever again unless the other economies have what is happening to Greece happens to them too, which will never happen.
Now it's the time of normalization because it is more common to see it being used and commercial entities are using it now. So no, it will never reach it's peak again. Think of it the same as the tech bubble, will there ever be another microsoft being the first? Sure facebook, but now more people are using it so it is just another tech company. Just like litecoin is to bitcoin, their will never be another first. So no, it won't surpass $1200 ever again unless the other economies have what is happening to Greece happens to them too, which will never happen.
I think plenty of people on here have a hugely inflated idea of how big BTC is in the wider world.
There are also no shortage of those who massively underestimate how minuscule it is as well.
The dotcom bubble consumed trillions of dollars of investment capital. The $1200 peak consisted of maybe a few tens of thousands of enthusiasts and barely one single finance professional or one cent of their money.
If you think it has already shot its potential bolt that's just as delusional as thinking it'll be $1 mil a piece by the end of the year. In global finance terms it's still less than nowhere. If a dotcom esque bubble occurred, and I don't think it would be a healthy thing so I hope it doesn't, minds would be blown to the edges of the universe.
That time is done. Not to many people knew about it's efficiency because not to many were mining as they are now.
Now it's the time of normalization because it is more common to see it being used and commercial entities are using it now. So no, it will never reach it's peak again. Think of it the same as the tech bubble, will there ever be another microsoft being the first? Sure facebook, but now more people are using it so it is just another tech company. Just like litecoin is to bitcoin, their will never be another first. So no, it won't surpass $1200 ever again unless the other economies have what is happening to Greece happens to them too, which will never happen.
Now it's the time of normalization because it is more common to see it being used and commercial entities are using it now. So no, it will never reach it's peak again. Think of it the same as the tech bubble, will there ever be another microsoft being the first? Sure facebook, but now more people are using it so it is just another tech company. Just like litecoin is to bitcoin, their will never be another first. So no, it won't surpass $1200 ever again unless the other economies have what is happening to Greece happens to them too, which will never happen.
It might in the far future but right now it's impossible. we cannot expect 2013 to repeat itself, since the 2013 rise was cause by a lot of factors which i don't see today. whatever it may have been back then, those fluctuations caused more loss than profits on the bigger picture. right now the steady growth guarantees rise in price, a decent rise in fact. we should be happy with this trend
Most of those factors were whales that made millions on the people that bought bitcoin for 1000$...I guess we will see it again soon.
The price will go up as usage and acceptance increases and might hit $1000 again. Also when someone figures out how to disrupt banking, property and insurance with legal and easily useable services using bitcoins
So if bitcoin gets accepted worldwide it may hit up that high assuming that the demand for it is high.
So if bitcoin gets accepted worldwide it may hit up that high assuming that the demand for it is high.
+1 fully possible. I hope for more massive adoption. Some time of event which introduces Bitcoin to even larger masses will help increase the price.
It might in the far future but right now it's impossible. we cannot expect 2013 to repeat itself, since the 2013 rise was cause by a lot of factors which i don't see today. whatever it may have been back then, those fluctuations caused more loss than profits on the bigger picture. right now the steady growth guarantees rise in price, a decent rise in fact. we should be happy with this trend
90% of you guys really have no idea what's going on and how valuable bitcoin is/will be. Before bitcoin, I was 5+years in investing (stocks). Of course it will reach $1000. If it does, of course it will reach $10000 and so on until a reasonable limit and bear markets in the meantime.
There is always a small possibility (10%) that bitcoin will fail or that you will lose your btc before you have chance to spend them (x%) - that's why it's not wise to put all (or even 50%) your savings in btc. However, when btc price rises dramatically - let bitcoin holdings exceed your fiat/stock holdings if you want to become "rich".
If you think bitcoin will not reach $1k or $10k - you're greatly overestimating that 10% chance of bitcoin failing. I agree that there's not much tangible evidence of bitcoin success right now - you have to imagine software/hardware/services 10x better than today. Intanglible evidence abounds though and it is as much important as the tangible one.
For $1k we're talking short term investing.
There is always a small possibility (10%) that bitcoin will fail or that you will lose your btc before you have chance to spend them (x%) - that's why it's not wise to put all (or even 50%) your savings in btc. However, when btc price rises dramatically - let bitcoin holdings exceed your fiat/stock holdings if you want to become "rich".
If you think bitcoin will not reach $1k or $10k - you're greatly overestimating that 10% chance of bitcoin failing. I agree that there's not much tangible evidence of bitcoin success right now - you have to imagine software/hardware/services 10x better than today. Intanglible evidence abounds though and it is as much important as the tangible one.
For $1k we're talking short term investing.
I think it will be over $1,000 within two years.
Somebody who invested at the peak still won't make money. But yes, it will get to $1000 eventually.
I think it will be over $1,000 within two years.
so what is the reason you say that, I prefer to think 3-5 years to come bitcoin reached $ 1,000
but anything can happen in the near future
I think it will be over $1,000 within two years.
I believe yes . if the interest continues and the wall street big wigs start moving into it then who knows. its going to be an interesting 2016
Never say never but if it does it will take to much time (years)
years and years!
i dont know, it maybe a short spike depending on how things go right now for greece.
if everyone cant access to cash and western union is closed all this week, everyones forced to use other methods including buying bitcoin.
Never say never but if it does it will take to much time (years)
years and years!
The price will go up as usage and acceptance increases and might hit $1000 again. Also when someone figures out how to disrupt banking, property and insurance with legal and easily useable services using bitcoins
So if bitcoin gets accepted worldwide it may hit up that high assuming that the demand for it is high.
So if bitcoin gets accepted worldwide it may hit up that high assuming that the demand for it is high.
whenever btc price crashes it will back and rise with in months. I am expecting bitcoin price will reach $1000 in 2016
Funny, a little bird just told me that BTC will be above $1000 December 2016, March 2017 or July 2020. The halving that's coming up might change those numbers, though.
Never say never but if it does it will take to much time (years)
whenever btc price crashes it will back and rise with in months. I am expecting bitcoin price will reach $1000 in 2016
3-5 years is pessimistic, we are rising quite well, around $2 per day(for the last couple of days), if we continue this trend we could reach it before the halving
rest assured that something big will happen before or aorund the halving, almost impossible that we will remain at this stage by then
Depends. Folks on here tend to be prone to two things.
1 - massively underestimating eventual values if it truly succeeded.
2 - the amount of time it would take to truly succeed. I think it's going to be an awful lot longer than many presume.
We tend to think of online commerce having taken over the world. In reality it's only 7% of US retail spending. A fine proportion but not that vast considering how long the concept has been around for now.
Obviously it's much higher if you take groceries out of the equation but there are still millions there who'll have nothing to do with it. If you can't sell them the benefits of lower costs and conveniences, a whole new type of money is that much more alarming to them.
It will DEFINITELY reach 1000$ mark, it will reach in the next 3-5 years though. Right now its around 1/4th of it but there are a lot of incidents about to happen which will definitely boost the adoption of the bitcoin currency.
3-5 years is pessimistic, we are rising quite well, around $2 per day(for the last couple of days), if we continue this trend we could reach it before the halving
rest assured that something big will happen before or aorund the halving, almost impossible that we will remain at this stage by then
After the halving, daily selling pressure should decrease. And non-speculative demand (dark net markets, remittances, etc.) will have had 3 years of growth. If bitcoin can't reach its old highs after three years of growth and likely half the selling pressure from miners, then we'll have to go back to first principles and really ask ourselves what is going wrong. Bitcoin is too small to plateau at this level.
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