Topic: Explain WHY bitcoin will be worth 1-3000 USD - page 3. (Read 3228 times)

Well because of the halving there is a good chance the bitcoin will go to a high amount for sure so that is the first point.
Another point is that more people are getting involved by the bitcoin and are gonna invest for sure.

be careful when extrapolating the history.
past performance is not necessarly an indication of what's going to happen in the future.

1000 or 3000. I don't see both of them happening for the next coming  year. Even if just 1% of china's capital goes into bitcoin they will still cash it out which would be balanced.
So my bet is around 600 USD, or 700 at the most.

I was thinking of the same as well and I`m sure most to do as well..

$1,000 seems to be the new magic # for most to be convinced.. but I guess its similar back then when bitcoin broke its 1st $100 mark.

I think if bitcoin ever gets that high, it's going to be years from now.  We're at a pretty good price right now but sentiment is all over the place and we'd have to get reaaaallly bullish to shoot up to $1000.  Not that it couldn't happen but it seems like a lot of crypto investors are looking into ETH and others.

This should be noted on some perspective.

Drink other peoples kool aid then you`ll be part of the mess too. I can go by history that the volume we setup of bitcoin will be good, so the value will go up eventually.

But dont know when this happen. RIP

Better be careful not to let your position influence your opinion on the market.

Just because one is long bitcoin and is wishing to see it trading at $1000 or $3000 doesn't necessairly mean such view is correct.

I think there's no way to know if the price will reach 1000 above as my speculation the price will rise a little bit when halving is done..
If you read some thread that the price will rise above 1000 they are just thinking that the value of bitcoin will reach high above 1000 but they are not giving the best proof... honestly we don't if it will happen you can make your own decision and didn't push anyone to hold bitcoin until halving ends..

The price will be worth over 30k but only in your dreams. Like you said there is no valid reason or argument for the price to go this high.
So don't expect it to go this high. It will not happend. Period.

yeah bitcoin had huge jump in these 4 years, so because  of that, i think it will rise that high in future too

Also, china did a price rise on bitcoin months ago, thats nice reason for bitcoin to grow, and of course halving which will happen in 2016 and 2020, it's good reason for bitcoin to grow too

The price will go to a high amount that is true, but the halving can also be a bad thing for the bitcoin and can get it collapsed.
In my opinion this could happen, most likely not but the bitcoin is not to predict, the only thing that can give the bitcoin a very good boost is the halving.

First off, there is no person on Earth who knows what the future price will be. This is a social experiment and stating that the price will be this or that is just guessing. However I do think bitcoin is growing so rapidly because many of us see the huge improvement in money that bitcoin represents.

The problems with traditional money systems are many. Especially when you try using them in a digital world. Consider how awkward a credit card transaction is. After waiting for weeks and handing over all your personal banking and tax information to a bunch of people you do not know you can get a card. When using this card you must hand over everything that is needed to steal from you to whoever you are paying. This information, which includes your identity, is passed on to the payment processor and passes through... I don't know how many servers. It will then take days or even months for the paperwork to be completed and for the business to be paid. Of course when the website you bought from is inevitably broken into all your information goes on sale at some Dweb TOR site.

Because of all these problems the card issuer must charge a whopping 3% on transactions. If you think you do not have to pay for using your credit card then you don't understand economics. MasterCard is not a public service, it is a for profit business and someone MUST pay. Therefore businesses that accept credit cards pass on their fees to you.  For example, when I buy something for bitcoin I often pay 3% less. Notice in the screen shot that cash (bitcoin, checks, bankwire) are less than the normal price. In this example the buyer saves hundreds of dollars. If you used say a bankwire you would save some but still have to pay for that, another $25.

Bitcoin is also far more secure than credit cards or PayPal. If you broke into my Overstock.com account you could see my name and address and even what I have bought. But you would find no credit card information and nothing that leads to any of my money. In contrast someone getting your Amazon account would also get your card and could use it to buy stuff. It's safer for all parties involved to use BTC.

There are many other reasons and use cases that make BTC superior for one user or another. A big one for me is the universality of bitcoin. I travel a lot and love the idea of a global money that I can bring with me anywhere. Money that is beyond the control of any government or financial institution worldwide.

We have years and decades of growth ahead of us, but my guess is that bitcoin is still an infant in terms of growth in value. But, we'll see.

Because it can!Simple is that!
Bitcoin is the oldest, most known an used coin with the biggest and fastest growing infrastructure.
Look where BTC had been in 2012 and where it is now and what is planned for the short to mid future.

I do not know, but I think because bitcoin is a technology that is very good in the eyes of investors and users very much, but that's my only guess only... 

Indeed, you are right the price will go to a high amount soon or later, this is of course because of the different factors the bitcoin depends on.
One of them is the halving that will let the price jump another one is that the people are believing again in the bitcoin.

Well $1000 will be within reach in the future (again) but I don't see it reach all the way up to $1 M (that's too much). Well there will be a point that the demand keeps on growing more and more with supply remaining the same and that itself would certainly be the main factor for it's value to keep on growing even further.

I think you are right, but its also the fact that we are making the price of the bitcoin with the whole bitcoin itself so I think we can also say the price is made by our self right ?

Its also the fact that the halving is coming and that will let the price go to a high amount or maybe to a lower amount, you of course never know what is gonna happen.

not possible even after 10 years. if you hold large amount yet the price plummet like a log, you'd be scracthing you head thinking why you bought the coins for $400. 

yeah bitcoin won't reech 10000$ soon, it will takes years,  i think by end of 2016 we will have 700$ because of halving of course, and because of china market

if you look at the history of bitcoin is will rise much more.