What Will it Take For BTC to Reach $1000? - page 19.

bronan

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Quote from: Amph on May 07, 2015, 06:05:57 AM

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.

if everything they do is holding, then the price won't magically rise, this is what i mean

Fully agree on Amph his statement

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

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Quote from: BitBatFan on May 08, 2015, 12:13:23 PM

First, price needs to stop falling. After stabelizing it can grow, but if the demand for bitcoins will be high. More people must start accepting btc as payment...more online stores, more physical stores.
And...something has to be done about all this scams. Bitcoin is not about scaming, but about trust. We need trust, we need it badly.

Bitcoin is trustless and decentralized. Its trust is built on the protocol. The existing problem is that ppl still don't realize the advantage yet and there no many killer applications available yet, which will really attract ppl's attention.

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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.

imo, look from the first until now, the rate its very" high in 2013 until 2014, but now its going down down and stuck in 240 or 230, i think it take a long time and hard way to touch 1000, (i didnt say they not , but gonna be hard) my predict if btc still exist maybe 10 or 20 years again

Xenoph0bia

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I believe that mass adoption can be one reason to take bitcoin to reach $1000 and its really possible if the society gets aware of bitcoins. At present the people of many countries are not aware about the bitcoin so once every one starts adopting it then it can reach $1000 or even more.

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Quote from: JayCrypto on May 14, 2015, 09:29:09 AM

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 Roll Eyes

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

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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 Roll Eyes

NorrisK

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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.

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Quote from: gentlemand on May 12, 2015, 05:44:23 AM

Quote from: David19 on May 12, 2015, 05:35:13 AM

In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up? Huh

If you want to buy some and the majority aren't selling, then those that are available will be asking more. The more demand and the rarer the coins the more the price goes up as sellers refuse to part with them. That's how the bubbles develop.

There'll always be someone looking to sell but obviously that's not the most sustainable model for a healthy economy.

I think as the price increases, the demand will play an important role in it. There will be some real application of the blockchain technology, which will push up the demand.

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Quote from: aso118 on May 11, 2015, 07:19:04 PM

Quote from: CryptoTrout on May 10, 2015, 08:55:50 PM

It will take one or two small counties hopping on board after their native currencies fail.

Counties or countries? Grin

Liberland is already on board. We might have others hopping on pretty soon.

It is pity that the newly formed country ended. The so-called president, Vít Jedlicka and his 'founding fathers' were arrested on as they tried to reach the tiny patch of 'unclaimed land'.
Read more: http://www.dailymail.co.uk/news/article-3076499/Czech-politician-arrested-trying-enter-3-square-mile-patch-land-Croatia-Serbia-claimed-founded-new-country.html#ixzz3a6v0ipQf

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Quote from: mladen00 on May 12, 2015, 01:03:10 AM

User adoption, gov. adoption, halving, USD crash...

It actually only needs one of them to reach well over $1000 but the $1000+ would be worthless even more so than it is now Cheesy

We need the USD to continue the illusion because btc is not going to be adopted by govt and needs it to value against.

They will not hand over the control from the bankers and the bankers won't let them. User adoption will help as well as the halving but imo only a whales willy bot who wants to pump the price will take us back where it was.

tyz

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I would not sign this. Sure most investors are awaiting the halving in 2016 but if the price will not significantly rise after the halving many investors will sell their bitcoins what will cause a big sell preasure.

Quote from: Cinnob0n on May 12, 2015, 07:30:48 PM

The next block reward update should do the trick. Once less bitcoins are being feed to the blockchain, the price with gradually increase. Cheesy

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Quote from: aso118 on May 13, 2015, 07:34:18 PM

Quote from: David19 on May 12, 2015, 05:35:13 AM

In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up? Huh

Miners have bills to pay. So bitcoins will be sold at least to cover that.

Not necessarily. If they expect the price of bitcoin to rise within the period of their planning horizon (but isn't that exactly the reason that they mine for in the first place?), they will pay their bills with fiat. In fact, it has already been proven statistically some time ago that the miners don't sell their bitcoins as they are mined and the bitcoin price isn't significantly affected by the newly mined coins...

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Quote from: David19 on May 12, 2015, 05:35:13 AM

In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up? Huh

Miners have bills to pay. So bitcoins will be sold at least to cover that.

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The next block reward update should do the trick. Once less bitcoins are being feed to the blockchain, the price with gradually increase. Cheesy

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Quote from: Troonetpt on May 12, 2015, 08:43:49 AM

Time, we just don't know when it can reach over $1000 again, but it is sure it can reach again. So let us patient.

Just with patient we can't make sure that this price is going to $1000. We should do something to make sure bitcoin will skyrocketing till $1000 and in that time I guess we just can take our profit easily and soon bitcoin will be used by many people and become mainstream. How that sounds? Grin

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Time, we just don't know when it can reach over $1000 again, but it is sure it can reach again. So let us patient.

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Quote from: TRLBitTrade on May 07, 2015, 04:31:25 PM

There was hope about a month and a half ago when Bitcoin rose over $300, then it dropped about $50 in 24 hours it was unreal. I think it will take a miracle to be honest. One day you will wake up, and Bitcoin will just keep rising and rising! Thats probably the only hope it has because I don't see anything by the looks of it which can give us more concrete evidence for predicting that price jump.

There are a lot of people who bought Bitcoin when it was at ~650$ (it had stayed at this price for some time), and still more people bought it when it was at ~450$ (it had been there for a few months, if I'm not mistaken). I guess all those people will be happy to break even and get rid of Bitcoin to never touch it again...

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Quote from: David19 on May 12, 2015, 05:35:13 AM

In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up? Huh

If you want to buy some and the majority aren't selling, then those that are available will be asking more. The more demand and the rarer the coins the more the price goes up as sellers refuse to part with them. That's how the bubbles develop.

There'll always be someone looking to sell but obviously that's not the most sustainable model for a healthy economy.

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In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up? Huh

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