What Will it Take For BTC to Reach $1000? - page 14.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: cellard on June 20, 2015, 10:20:39 AM

People still don't trust Bitcoin enough to involve their businesses with it. It's only long term visionaries that get it and geeks that are ahead of the curve. The rest just cannot be saved and are destined to be left behind just like most people got left behind in the 90's when the internet started getting mainstream.

People don't have to put their whole business at stake just to be a part of it, they just need a third party processor that would handle instant exchange at market price.
But it's true that those who dont adapt to the new age will be left behind, but also those who are first to make a move will also carry much higher risks (and potential profits)
As far as price is concerned, when people hear about bitcoin enough times in papers,news..etc. it will make them more comfortable to use it and invest, and that's when
the rush for xy k USD will begin.

cheers

brendanjhwu

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Quote from: dollarneed on June 20, 2015, 08:34:41 PM

maybe if bitcoin is really important and so harder to find and get it,and so many countries has legalized it and more big company using it as payment it would be reach $1000 or more

I think they are legal in every county, don't quote me though.

dollarneed

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maybe if bitcoin is really important and so harder to find and get it,and so many countries has legalized it and more big company using it as payment it would be reach $1000 or more

cellard

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Quote from: mayflor2 on June 20, 2015, 09:20:41 AM

Quote from: gripflierGO on May 31, 2015, 03:10:53 PM

Quote from: Benjig on May 31, 2015, 02:26:53 PM

Quote from: Clint on May 28, 2015, 12:59:41 PM

I think Bitcoin is just like any other currency. How does a currency rise or fall? It needs basic supply and demand, investments, and exchange. Bitcoin it self needs to be more and more globalized for people to use. The more people using it, means more people are going to be trading and exchanging with bitcoin. Wink

Agree, needs time, not a few years, lot of time. Some facts:

Mining will never stop, every 2 years computer processing technology gets twice faster and twice smaller.
With oil exhaustion we'll enter an age of New energy forms, some free, some cheaper, some more efficient.

Population continues its grow, more shit to the planet but more Bitcoin demand

Demand will go high only if the awareness level is high. People should start accepting the bitcoin and I believe the present users of bitcoin should educate those people who are still not aware about the bitcoin once people starts using it I think the value can go beyond $1000.

Exactly, a nice way about pursuing that would be making sure getting your business or work involved someway with btc. That way, every time you meet somebody new and express about work, you introduce them to btc.

People still don't trust Bitcoin enough to involve their businesses with it. It's only long term visionaries that get it and geeks that are ahead of the curve. The rest just cannot be saved and are destined to be left behind just like most people got left behind in the 90's when the internet started getting mainstream.

mayflor2

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Quote from: gripflierGO on May 31, 2015, 03:10:53 PM

Quote from: Benjig on May 31, 2015, 02:26:53 PM

Quote from: Clint on May 28, 2015, 12:59:41 PM

I think Bitcoin is just like any other currency. How does a currency rise or fall? It needs basic supply and demand, investments, and exchange. Bitcoin it self needs to be more and more globalized for people to use. The more people using it, means more people are going to be trading and exchanging with bitcoin. Wink

Agree, needs time, not a few years, lot of time. Some facts:

Mining will never stop, every 2 years computer processing technology gets twice faster and twice smaller.
With oil exhaustion we'll enter an age of New energy forms, some free, some cheaper, some more efficient.

Population continues its grow, more shit to the planet but more Bitcoin demand

Demand will go high only if the awareness level is high. People should start accepting the bitcoin and I believe the present users of bitcoin should educate those people who are still not aware about the bitcoin once people starts using it I think the value can go beyond $1000.

Exactly, a nice way about pursuing that would be making sure getting your business or work involved someway with btc. That way, every time you meet somebody new and express about work, you introduce them to btc.

stallion

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Quote from: randy8777 on May 07, 2015, 04:57:59 AM

Quote from: Amph on May 07, 2015, 04:46:09 AM

less dumping from everyone, less holding, less fud, and certainly more buyng

the usually duo about supply and demand

less holding? how so? if people don't hold their coins, how would you expect the price to reach $1000 holding is a crucial part of a high price.

yeah i agree if the holding is less i think that will directly lower the price but supply and demand does make sense. i guess though a little circulation of bitcoin wouldn't hurt plus more people need to get into it

arallmuus

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Quote from: brendanjhwu on June 19, 2015, 10:25:42 AM

All the bitcoins are almost all mined. 5 ish billion bitcoins remaining.
When that happens(next 8 years)?

Seriously if you are saying that 8 more years the entire supply would be mined then you should read this https://en.bitcoin.it/wiki/FAQ#How_long_will_it_take_to_generate_all_the_coins.3F

Quote from: Amph on June 19, 2015, 10:32:00 AM

yeah 2024 is a good estimate, so others 3 halving at least, then there will be no excuse anymore, bitcoin should skyrocket or die
after that point, only 1M will remain, which should not infuence too much the future

I keep on encountering people that are saying that halving would bring a better price for BTC but the fact is that it isnt clear yet. The reason of it would be mostly that because miners will earn less and the probability of miners dying would be higher because mining wont be profittable anymore (dont know if this would be your reason or not but mostly this is the reason for most people)

Halving will be coming next year with an each 4 years period for each halving, basically thats enough time for ASIC manufacturer to invent a more efficent miners Actually people should realize that miners isnt the price controller in this case because Traders control it or rather manipulate it. So leaving that aside if we are relying on simple law of economics then it would be

Code:

Supply and Demands

Short words : if there isnt any demands for BTC then even a 100 BTC will be consider as an abundant supply . Mass adoption will be a key to play for this game not halving

Marbit

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Quote from: David19 on May 07, 2015, 03:49:34 AM

What Will it Take For BTC to Reach $1000?

Let's discuss.

Mining breakthroughs to increase the volume and consequently choke the further supply, but this has to be accompanied by wide acceptance of bitcoin, maybe a couple countries making it their prime currency.

I certainly believe that it will go as high as $1000 but not very soon, it's gonna take a while.

Amph

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Quote from: brendanjhwu on June 19, 2015, 10:25:42 AM

Quote from: randy8777 on May 07, 2015, 04:45:04 AM

Quote from: TheButterZone on May 07, 2015, 04:09:59 AM

Supply to be choked nearly to death.

which is not something that's going to happen within this years timeframe. but yes you're right. that's the only way it could go to $1000

All the bitcoins are almost all mined. 5 ish billion bitcoins remaining.
When that happens(next 8 years)?

yeah 2024 is a good estimate, so others 3 halving at least, then there will be no excuse anymore, bitcoin should skyrocket or die

after that point, only 1M will remain, which should not infuence too much the future

https://en.bitcoin.it/wiki/Controlled_supply

brendanjhwu

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Quote from: randy8777 on May 07, 2015, 04:45:04 AM

Quote from: TheButterZone on May 07, 2015, 04:09:59 AM

Supply to be choked nearly to death.

which is not something that's going to happen within this years timeframe. but yes you're right. that's the only way it could go to $1000

All the bitcoins are almost all mined. 5 ish billion bitcoins remaining.
When that happens(next 8 years)?

arallmuus

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Quote from: cellard on June 18, 2015, 06:07:07 PM

Quote from: arallmuus on June 18, 2015, 01:46:25 PM

Quote from: AtheistAKASaneBrain on June 18, 2015, 10:37:39 AM

Quote from: arallmuus on June 18, 2015, 03:12:22 AM

Dont get yourself under delusion that the next bubble will be at $2000 and after that the price would be stabilized at $1200. It is 2015 and people are not stupid to fall into another bubble anymore because the peak of 2013 has burned alot of people.
Also that a bubble is not answer if you are seeking for $1000 price and it is called bubble for a reason. If people are seeking for BTC to reach $1000 then there will be no easy way to do it because only mass adoption could be the reason for it to happen and it wont be in such a short time

because after a couple halvings the price is better 1000+ or else the mining will not be profitable for anyone.

Another Delusion I would say, it is not clear yet wether the next halving will be actually give a significant effect for the price . I would say that with the next halving then high chance that miners wouldnt be profittable anymore. With the current miners it wont be profittable but you could be sure that until next year there will be ton of newer miner with more efficiency

If your reasoning behind that the next halving will bring a higher price is because that miners probably wont be dumping anymore because it isnt profittable then I would say that you are not aware of the other factor besides miners' dump . Low price isnt really caused by miner dumping but on several occasion it is being manipulated

Well the guaranteed facts about the halving is that the inflationary phase of BTC gets way closer than it is now, less ~~inflation~~ supply in circulation should give us a higher price if all indicators of interest keep going up.

Theoretically if there is less supply in circulation that will means that the price would be higher however if there is less demand, then the less supply will be an abundant supply which is not a parameter that the price will be increasing or worst case that the price may be lower.
Even with the current Supply in circulation the price could be higher if there is a demand for it however as we see it, there isnt any huge demands for it , so I would say that halving isnt a guarantee for the price to increase but rather more demands on BTC will be helping the price to increase

cellard

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Quote from: arallmuus on June 18, 2015, 01:46:25 PM

Quote from: AtheistAKASaneBrain on June 18, 2015, 10:37:39 AM

Quote from: arallmuus on June 18, 2015, 03:12:22 AM

Dont get yourself under delusion that the next bubble will be at $2000 and after that the price would be stabilized at $1200. It is 2015 and people are not stupid to fall into another bubble anymore because the peak of 2013 has burned alot of people.
Also that a bubble is not answer if you are seeking for $1000 price and it is called bubble for a reason. If people are seeking for BTC to reach $1000 then there will be no easy way to do it because only mass adoption could be the reason for it to happen and it wont be in such a short time

because after a couple halvings the price is better 1000+ or else the mining will not be profitable for anyone.

Another Delusion I would say, it is not clear yet wether the next halving will be actually give a significant effect for the price . I would say that with the next halving then high chance that miners wouldnt be profittable anymore. With the current miners it wont be profittable but you could be sure that until next year there will be ton of newer miner with more efficiency

If your reasoning behind that the next halving will bring a higher price is because that miners probably wont be dumping anymore because it isnt profittable then I would say that you are not aware of the other factor besides miners' dump . Low price isnt really caused by miner dumping but on several occasion it is being manipulated

Quote from: Amph on June 18, 2015, 11:37:21 AM

better to not go over board with the excitement

People need to know that everytime we reach a new higher stepstone, there will be alot of traders trying to get a profit from it. So expect a dump each time we reach a new higher price

Quote from: Amph on June 18, 2015, 11:37:21 AM

will be reached once again is just a matter of when

Rather that it will be a question on how will it reach 1k again

Well the guaranteed facts about the halving is that the inflationary phase of BTC gets way closer than it is now, less inflation should give us a higher price if all indicators of interest keep going up.

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Quote from: zeraTunerse on June 18, 2015, 03:05:18 PM

Quote from: BTCevo on June 18, 2015, 12:00:16 PM

Quote from: hunnaryb on June 18, 2015, 11:36:19 AM

It would never go to zero price but if its not earning us profit out of it then its price is as equal to zero it would not serve the purpose. As the bitcoin users we want stability in the price of bitcoin and if there is stability then more and more people would start adopting bitcoin as a currency.

There sure is purpose of bitcoin no matter what, you still can gambling it to try your luck too and still get more bitcoin to sell so you will still get some profit with bitcoin. And if there is a stability in bitcoin price you wont make good profit through it because of its volatile that we can get more profit. Same as USD stability, you wont make some profit with that stable currency. Right?

You cannot make good profit if the prices are stable but we need that the prices of bitcoins get stable then only people will have faith in bitcoins and start using it as a currency and if you are involved in earning profits in quick time like say trading then it will not help you.

All is not that simple. In fact, it is not so much the price stability that matters for wider Bitcoin acceptance and greater expansion as the price predictability. Therefore, if Bitcoin exchange rate grew constantly and steadily, say, 1% monthly, I think, that would make happy the majority of both Bitcoin traders and end-users...

zeraTunerse

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Quote from: BTCevo on June 18, 2015, 12:00:16 PM

Quote from: hunnaryb on June 18, 2015, 11:36:19 AM

It would never go to zero price but if its not earning us profit out of it then its price is as equal to zero it would not serve the purpose. As the bitcoin users we want stability in the price of bitcoin and if there is stability then more and more people would start adopting bitcoin as a currency.

There sure is purpose of bitcoin no matter what, you still can gambling it to try your luck too and still get more bitcoin to sell so you will still get some profit with bitcoin. And if there is a stability in bitcoin price you wont make good profit through it because of its volatile that we can get more profit. Same as USD stability, you wont make some profit with that stable currency. Right?

You cannot make good profit if the prices are stable but we need that the prices of bitcoins get stable then only people will have faith in bitcoins and start using it as a currency and if you are involved in earning profits in quick time like say trading then it will not help you.

arallmuus

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Quote from: AtheistAKASaneBrain on June 18, 2015, 10:37:39 AM

Quote from: arallmuus on June 18, 2015, 03:12:22 AM

Dont get yourself under delusion that the next bubble will be at $2000 and after that the price would be stabilized at $1200. It is 2015 and people are not stupid to fall into another bubble anymore because the peak of 2013 has burned alot of people.
Also that a bubble is not answer if you are seeking for $1000 price and it is called bubble for a reason. If people are seeking for BTC to reach $1000 then there will be no easy way to do it because only mass adoption could be the reason for it to happen and it wont be in such a short time

because after a couple halvings the price is better 1000+ or else the mining will not be profitable for anyone.

Another Delusion I would say, it is not clear yet wether the next halving will be actually give a significant effect for the price . I would say that with the next halving then high chance that miners wouldnt be profittable anymore. With the current miners it wont be profittable but you could be sure that until next year there will be ton of newer miner with more efficiency

If your reasoning behind that the next halving will bring a higher price is because that miners probably wont be dumping anymore because it isnt profittable then I would say that you are not aware of the other factor besides miners' dump . Low price isnt really caused by miner dumping but on several occasion it is being manipulated

Quote from: Amph on June 18, 2015, 11:37:21 AM

better to not go over board with the excitement

People need to know that everytime we reach a new higher stepstone, there will be alot of traders trying to get a profit from it. So expect a dump each time we reach a new higher price

Quote from: Amph on June 18, 2015, 11:37:21 AM

will be reached once again is just a matter of when

Rather that it will be a question on how will it reach 1k again

deisik

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Quote from: JarvisTechnology on June 18, 2015, 12:30:21 PM

What I have observed in last 3 months is that someone actually does not want it to slide below $200 mark. Just once 3 months ago it reached $160. Since then the prices are always varying in between $210 to $260 mark. It goes down for an average 15-20$ and then remains there for about a week and then again rises for about $15-20

Welcome to market, buddy. That "someone" is an aggregate demand for bitcoins from buyers. When Bitcoin reached 160$, that might actually be someone selling a lot of bitcoins (followed by panic sells). As you suspected, it didn't last for long...

JarvisTechnology

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Quote from: mrhelpful on June 17, 2015, 01:04:40 PM

Quote from: JarvisTechnology on June 15, 2015, 03:54:18 AM

Quote from: David19 on May 07, 2015, 03:49:34 AM

What Will it Take For BTC to Reach $1000?

Let's discuss.

It seems impossible. I believe the trend should be on upwards node. It is right now going downward since last so many months. Even as the bitcoin users are increasing and there are more number of bitcoin transactions, still it is going downward.

It actually might go up since the twins actually got something done, and launched their own exchange called gemini.

So who knows it`ll probably bring more new blood to pump up prices. I dont know about $1k though, maybe a $100 increase to be more realistic.

What I have observed in last 3 months is that someone actually does not want it to slide below $200 mark. Just once 3 months ago it reached $160. Since then the prices are always varying in between $210 to $260 mark. It goes down for an average 15-20$ and then remains there for about a week and then again rises for about $15-20

BTCevo

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Quote from: hunnaryb on June 18, 2015, 11:36:19 AM

It would never go to zero price but if its not earning us profit out of it then its price is as equal to zero it would not serve the purpose. As the bitcoin users we want stability in the price of bitcoin and if there is stability then more and more people would start adopting bitcoin as a currency.

There sure is purpose of bitcoin no matter what, you still can gambling it to try your luck too and still get more bitcoin to sell so you will still get some profit with bitcoin. And if there is a stability in bitcoin price you wont make good profit through it because of its volatile that we can get more profit. Same as USD stability, you wont make some profit with that stable currency. Right?

Amph

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Quote from: bitcollins85 on June 18, 2015, 10:32:34 AM

it might do sometime in the future but for now it's better to focus on the closer and more realistic goals like $500

it's better to take on 300 first, because 500 is still too far away, and we are there struggling to surpass even a mere 250

better to not go over board with the excitement...

but all that had already been achieved , is a feasible price in my opinion , 1k will be reached once again is just a matter of when

hunnaryb

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Quote from: BTCevo on June 18, 2015, 10:40:23 AM

Quote from: wearepoor on June 16, 2015, 07:03:57 PM

Quote from: edward222 on June 15, 2015, 05:21:01 AM

For me,
just collect bitcoin as many as you can.

That is true but just holding bitcoin will not serve a purpose unless there is adoption from the people at higher level or else bitcoin would be just on paper and would disappear or get replaced by any other new crypto currency So its better that people start accepting it as a currency.

The purpose of holding bitcoin is people have faith that bitcoin price will go higher and the mass adoption from people will help the price going to the moon too and fyi there is no any single crypto can replace bitcoin and it will never be changed

Quote from: techgeek on June 17, 2015, 02:31:29 PM

uh, so what if the bitcoin dropped to zero.
would you still want to collect many as you can then? I wouldnt think so, price is obviously what you need to factor.

Bitcoin price will never dropped to zero because there are people still use it anyway and for many people they will make some fence to hold it so it wont go down to zero price

It would never go to zero price but if its not earning us profit out of it then its price is as equal to zero it would not serve the purpose. As the bitcoin users we want stability in the price of bitcoin and if there is stability then more and more people would start adopting bitcoin as a currency.

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