Bitcoin is a transactional currency. As such, it is competing for market share on the transactional currency market.
Talking about bitcoin value is not about happily watching numbers go up and down while having popcorn. This is about identifying global market, looking at its size and estimating a target market share based on the strengths and weaknesses of the competing product will determine the prices of BTC in future.
Topic: What Will it Take For BTC to Reach $1000? - page 18. (Read 21683 times)
less dumping from everyone, less holding, less fud, and certainly more buyng
the usually duo about supply and demand
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.
if everything they do is holding, then the price won't magically rise, this is what i mean
The only reason why bitcoin got any value at all is because people started using it for all kinda things.
If you simply stash it away like a few large owners do, it will not get any value.
Some say the value of bitcoin is not important but for mining it does.
Nobody wants to loose money, almost everyone in this game want profit.
The traders, shops, mining-equipment and exchange the list is endless.
Since its no longer profitable for most people on the planet, most pull out of that extreme sport which only ends up to be done by the very rich.
Well decentralized for how long look at how many pools are left... not really decentralized at all in my opinion
Nope some of them will hold their coins just incase the price is going up again after that, some of them really want a big profit from this bitcoin thats why they just save for the best price they can. Yes everyone sure want get profit but how much profit do you want to get? If you buy bitcoin for $100 and then you sell it for $101 , this is also a profit too
That's Correct. Whatever price above the initial investment is a profit. So If I have bought bitcoin at $100 and if it reaches $200 I would think of selling it as it is giving me double profit. And it is really hard to judge whether bitcoin will reach at $1000 or not.
What Will it Take For BTC to Reach $1000?
Let's discuss.
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...
What Will it Take For BTC to Reach $1000?
Let's discuss.
Let's discuss.
It will happen very easy, remember when we shot past $266 when that was the previous ATH. Once the bull market starts is the biggest show in town lets not forget.
I don't think that it will reach 1000$, so many things around BTC has changed
If Satoshi Nakamoto come back and the army government admits Bitcoin.
If Satoshi come back, it will be a good hype for the market because the price will drive up and it will be just a bubble for a while. Satoshi to be back will have nothing to do with the value to be honest because the market is based on demands and order and of course some hype or FUD to drive the price
If goverments were to acknowledge BTC than it will be a good addition since if BTC will be regulated, more and more people will have some faith in it and of course it will help to spread the mass adoption as well
satoshi won't come back. people can't seem to understand that. if he would, it might not even make much difference in price. more than what he has done in the early days isn't possible. core devs do a great job.
People thought that if he comes back that there will be some sort of hype that might drive the price. Another reason people are still trying to find it was because he deserve to get all the credits for introducing this world for BTC.
Core devs did a great job but compared to satoshi then they will be seen only as a worker i.e Einstein and his disciple. People will always acknowledge Einstein more
If Satoshi Nakamoto come back and the army government admits Bitcoin.
If Satoshi come back, it will be a good hype for the market because the price will drive up and it will be just a bubble for a while. Satoshi to be back will have nothing to do with the value to be honest because the market is based on demands and order and of course some hype or FUD to drive the price
If goverments were to acknowledge BTC than it will be a good addition since if BTC will be regulated, more and more people will have some faith in it and of course it will help to spread the mass adoption as well
satoshi won't come back. people can't seem to understand that. if he would, it might not even make much difference in price. more than what he has done in the early days isn't possible. core devs do a great job.
If Satoshi Nakamoto come back and the army government admits Bitcoin.
If Satoshi come back, it will be a good hype for the market because the price will drive up and it will be just a bubble for a while. Satoshi to be back will have nothing to do with the value to be honest because the market is based on demands and order and of course some hype or FUD to drive the price
If goverments were to acknowledge BTC than it will be a good addition since if BTC will be regulated, more and more people will have some faith in it and of course it will help to spread the mass adoption as well
If Satoshi Nakamoto come back and the army admits Bitcoin.
What Will it Take For BTC to Reach $1000?
Let's discuss.
Let's discuss.
Every night before you go to sleep...you need to pray for btc to reach $1000.
Amen!!!
funny thing is that if people will not buy bitcoin because of its instability in price then the price will never become stable, because they are the reason for a less volatile price in the future
the issue is that people don't see a reason to buy bitcoin, this is the truth, at this rate, we will never achieve 1k again
the issue is that people don't see a reason to buy bitcoin, this is the truth, at this rate, we will never achieve 1k again
People hate things that are unsure, in this case it will be the volatility. That is the main reason people are more interested in gold since the value of it is more stable than BTC . Even if people see a reason to buy bitcoin there is no guarantee as well that we might reach 1k again because there is a lot of opportunist waiting for profit . With the saying that goes "every buy is a sell" people might dump as soon as they see a pump.
If you wait for bitcoin to become rare I think you wont hit that time
Bitcoin cant be "rare" in supply because the supply will keep on being 21M . The value will drop or raise just based on demands and orders
The value of the currency is tough to predict, we still don't know if this thing is going to serve its purpose as a currency or an asset class. That decision will impact the price.
True that. Up until now, it's really hard to predict whether it will serve its purpose as a currency as you said. But come to think of it, BTC may reach $1000 if it goes rare (choke to death).
If you wait for bitcoin to become rare I think you wont hit that time because there are so many people that using bitcoin soon or later and it will become mainstream. We just need to be patient and focus on our bitcoin for a while to get stacks. Until that time we sell it to gain pure profit
I think instead that the price will stay stable for a long period, then it could rise or fall down. The great innovation is not btc but blockchain 
apparently governments and banks did not understand what's good about the blockchain, because they want to centrilize it with their own shitty version
so this whole blockchain adoption, will not bring any good to bitcoin imho, certainly it won't encourage a raising in price, i think it's only a matter of something that will trigger the panic buy
but better to raise slowly and set every time a new floor , than skyrocketing to 1k again, for then assisting at another big crash
funny thing is that if people will not buy bitcoin because of its instability in price then the price will never become stable, because they are the reason for a less volatile price in the future
the issue is that people don't see a reason to buy bitcoin, this is the truth, at this rate, we will never achieve 1k again
The value of the currency is tough to predict, we still don't know if this thing is going to serve its purpose as a currency or an asset class. That decision will impact the price.
True that. Up until now, it's really hard to predict whether it will serve its purpose as a currency as you said. But come to think of it, BTC may reach $1000 if it goes rare (choke to death).
Destruction, errr severe currency inflation could get BTC to $1000 per coin. That wouldn't necessarily be a good thing though...except for all of is on the right side of it. The value of the currency is tough to predict, we still don't know if this thing is going to serve its purpose as a currency or an asset class. That decision will impact the price.
less dumping from everyone, less holding, less fud, and certainly more buyng
the usually duo about supply and demand
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.
if everything they do is holding, then the price won't magically rise, this is what i mean
The only reason why bitcoin got any value at all is because people started using it for all kinda things.
If you simply stash it away like a few large owners do, it will not get any value.
Some say the value of bitcoin is not important but for mining it does.
Nobody wants to loose money, almost everyone in this game want profit.
The traders, shops, mining-equipment and exchange the list is endless.
Since its no longer profitable for most people on the planet, most pull out of that extreme sport which only ends up to be done by the very rich.
Well decentralized for how long look at how many pools are left... not really decentralized at all in my opinion
Nope some of them will hold their coins just incase the price is going up again after that, some of them really want a big profit from this bitcoin thats why they just save for the best price they can. Yes everyone sure want get profit but how much profit do you want to get? If you buy bitcoin for $100 and then you sell it for $101 , this is also a profit too
It appears that price ALSo plays a big part in demand. As price rises, people fear of missing out and start to panic buy. This leads to a higher price and even more buying. Once this starts again, we will see bitcoin go high again.
IMO The way price increases isn't stable. It is so-called speculation movement. Ppl are buying up the price and one day some whales will dump it, price will be crased easily. I think instead that the price will stay stable for a long period, then it could rise or fall down. The great innovation is not btc but blockchain
apparently governments and banks did not understand what's good about the blockchain, because they want to centrilize it with their own shitty version
so this whole blockchain adoption, will not bring any good to bitcoin imho, certainly it won't encourage a raising in price, i think it's only a matter of something that will trigger the panic buy
but better to raise slowly and set every time a new floor , than skyrocketing to 1k again, for then assisting at another big crash
less dumping from everyone, less holding, less fud, and certainly more buyng
the usually duo about supply and demand
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.
if everything they do is holding, then the price won't magically rise, this is what i mean
The only reason why bitcoin got any value at all is because people started using it for all kinda things.
If you simply stash it away like a few large owners do, it will not get any value.
Some say the value of bitcoin is not important but for mining it does.
Nobody wants to loose money, almost everyone in this game want profit.
The traders, shops, mining-equipment and exchange the list is endless.
Since its no longer profitable for most people on the planet, most pull out of that extreme sport which only ends up to be done by the very rich.
Well decentralized for how long look at how many pools are left... not really decentralized at all in my opinion
The awareness level and the acceptance level will go high then that are the days when btc will reach $1000 or more. Once people start knowing the advantages of using btc it will definitely increase the demand of bitcoins and merchants retailer and everyone will start accepting the bitcoins as a mode of payment the prices will reach to a new level.
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