What Will it Take For BTC to Reach $1000? - page 17.

AtheistAKASaneBrain

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Quote from: cellard on May 31, 2015, 07:00:02 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

We need to solve the blocksize stuff, otherwise we will never have full trust. Every hard fork is a big doubt in investor's minds and in holders wallets. We need to make it scalable infinitely, its the only way to make it big.

I don't think it will be solved anytime soon judging by the ongoing discussion. It has actually been going on since 2011 and a consensus was never reached.

cellard

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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

We need to solve the blocksize stuff, otherwise we will never have full trust. Every hard fork is a big doubt in investor's minds and in holders wallets. We need to make it scalable infinitely, its the only way to make it big.

gripflierGO

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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.

Benjig

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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

operrajunk74

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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

That is true. It basically depends on demand and supply if the demand goes high the supply will go high and the prices of bitcoin will reach the desired value and it is only possible if the adoption level goes high people should start adopting bitcoin as a mode of payment.

thy

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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.

It will eventually get there again without any thing have to change but there is a number of factors can speed up he process for example when new more efficient miners starts to mine, a rising bitcoin difficulty in general, if miners is demanding higher price for there mined bitcoins that they choose to sell, miners keeping a higher portion of there mined bitcoins, bitcoin accepting merchants/bitcoin processors keeping a higher percent of the sold amount in bitcoins, if bitcoin accepting merchants/bitcoin processors try to sell for slightly above marketprice instead of at marketprice in a higher degree than today, if the big investors that has been buying into bitcoin cheep the last 1.5 years decide they have accired enouth bitcoins and that its time for the price to go back up again, time is also a factor that will work in favor for higher bitcoin prices, when the bitcoin halving occurs in around 60 weeks time there will be even more pressure on the price for it to go up for example.

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Quote from: tyz on May 29, 2015, 04:06:53 PM

Uncertainty. The last Bitcoin pump in the end of 2013 was resulted by a uncertainty of the continued existence of the Euro Zone.

I think the link with wider economics is fairly tenuous. Bitcoiners are a very fringe bunch. I think it can act as inspiration to them but I'd say 2013 was mainly about Chinese excitement.

tyz

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Uncertainty. The last Bitcoin pump in the end of 2013 was resulted by a uncertainty of the continued existence of the Euro Zone.

BTCevo

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Quote from: qiwoman2 on May 29, 2015, 06:39:15 AM

We need more attractive ways in which to hold btc..If there was a btc bank that would give us interest or a bonus for holding bitcoin I am sure you would get even every grandmother in town opening a bitcoin savings account for their grandkids lol..it's that simple in my books.. Grin

That is a great idea but how are you going to have btc bank if there is no support from government? Bitcoin must make a good impression to every government in this world so they can start coalition that try to open btc bank so every player in this world should have a same chance as a fiat user

qiwoman2

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We need more attractive ways in which to hold btc..If there was a btc bank that would give us interest or a bonus for holding bitcoin I am sure you would get even every grandmother in town opening a bitcoin savings account for their grandkids lol..it's that simple in my books.. Grin

TheButterZone

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Quote from: grandFX on May 09, 2015, 12:13:44 PM

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

What Will it Take For BTC to Reach $1000?

Let's discuss.

for this year, i am not sure btc to reach $1000
but for next year maybe because there will be halving for btc.
I hope for the next year btc to reach it.

It can reach this year. It can reach next month. It can even reach $1000 next week. It will happen when we will least expect.

Clint

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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

The Bad Guy

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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.

Well basically something logical , more demand . or at least 500$ / BTC before the next halving block reward happens so when it happens from 25 BTC to 12.5 BTC price should be doubled if demand stays the same or rise . Let's hope it will happen Grin

I missed the 2013 pump i hope I won't miss it again

BTCevo

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Quote from: RedhatCAT on May 28, 2015, 10:00:03 AM

BTC will hit $1000+ again but no time soon, ONLY after security measures are put in place to make BTC a "safe" investment. Safe in terms of reasonable investment security, currently there are far too many ways to lose your money than to make it.

Why you want to lose all your bitcoin if you can earn it easily? You can save it right? Make it to paper wallet to make sure it is really save, and you dont need to gambling to earn what you loss. If you did that you will lose more and more. For this time I guess you must get as many stacks as you can, when we face the halving time, that is the time we get a real profit

BRE

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Halving
More merchants accept bitcoin
Stop using paypal, shity coins and began to use bitcoin as internet currency Tongue

RedhatCAT

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BTC will hit $1000+ again but no time soon, ONLY after security measures are put in place to make BTC a "safe" investment. Safe in terms of reasonable investment security, currently there are far too many ways to lose your money than to make it.

zendantom

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Quote from: Possum577 on May 18, 2015, 10:55:38 AM

Quote from: WhatTheGox on May 18, 2015, 08:35:32 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 will happen very easy, remember when we shot past $266 when that was the previous ATH. Once the bull market starts is the biggest show in town lets not forget.

And what will start the bull market in Bitcoin? I think that's really what this discussion is about - not the "yes it will" or "no it won't" but the - here's what's going to happen and why?

As I remember BTC shooting past $266 I'm reminded that BTC now trades at $238...

It will be at $50k per BTC by 2020. Mining will mostly be dead by then, demand will have gone up and supply will be down. Acquiring will be much easier, and using will be much easier with additions such as address aliases. The unbanked in poor countries will be able to participate in online commerce easily, and for supply to go up, the decimal point must shift right to create enough of the currency to keep up with demand.

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Quote from: Possum577 on May 18, 2015, 10:55:38 AM

Quote from: WhatTheGox on May 18, 2015, 08:35:32 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 will happen very easy, remember when we shot past $266 when that was the previous ATH. Once the bull market starts is the biggest show in town lets not forget.

And what will start the bull market in Bitcoin? I think that's really what this discussion is about - not the "yes it will" or "no it won't" but the - here's what's going to happen and why?

As I remember BTC shooting past $266 I'm reminded that BTC now trades at $238...

all the recents good news should start the bull market, it's only a matter of time at this point, but in the best case scenario i would not expect a fast rise, to reverse the trend you need plenty of time because now everyone is accustomed to short and to the bearish market

mrhelpful

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Outside from the obvious adoption with more merchants, and more user bases coming from traditional investors of a etf passes or something.

I say, when the bitcoin core actually takes on faster transactions when blocks are all mined.

Of decreased confirmation times 10 mins at max.

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