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Topic: What Will it Take For BTC to Reach $1000? - page 6. (Read 21683 times)

sr. member
Activity: 476
Merit: 254
January 28, 2017, 11:54:41 AM
For me, we have seen $1000 mark and we be even seen beyond but the issue is we are not even sure if we did anything to that effect. And now the price is hovering around late 800 nd early 900 and we are still here yet we didn't do shit. The money bags are the ones that will make it happen and governments is also trying by making every moves to discourage it, someone who has not heard about it will want to give it a try. We just sit back and let those factors determine the price of bitcoin.
legendary
Activity: 2170
Merit: 1427
January 28, 2017, 11:48:07 AM
I doubt it will reach this high. It will be just too much.
Hahah. Now we see such predictions were wrong, because bitcoin reached $1000 and I think nothing special happened which could help it do so (like it was the previous time as people say). It just means more people became aware of bitcoin and more people started believing in it. What will it take for btc to reach $2k is a question now.

At this point the question should be - What will it take to finally settle above the $1000 level, where after that the focus can be pointed at reaching $2000 somewhere in the coming years. Perhaps that the actions put to work by the PBOC could make the price go up in a much more sustainable manner, now creating massive pumps and dumps will turn out to be a costly move. Instead of blindly pumping and dumping done by whales, every move needs to be calculated precisely at this pint. If they make a wrong move, it may cost them significant amounts of money/coins. That's why I don't understand that some people see the actions put to work by the PBOC as a bad thing. It's the best thing that happened to Bitcoin in years.
legendary
Activity: 3248
Merit: 1402
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January 28, 2017, 11:33:27 AM
I doubt it will reach this high. It will be just too much.
Hahah. Now we see such predictions were wrong, because bitcoin reached $1000 and I think nothing special happened which could help it do so (like it was the previous time as people say). It just means more people became aware of bitcoin and more people started believing in it. What will it take for btc to reach $2k is a question now.
hero member
Activity: 658
Merit: 500
January 28, 2017, 10:19:49 AM
I think for bitcoin to reach $1000 AND STAY there will require some major event. It would have to be something like some positive/lenient laws passed regarding bitcoin or some adoption by a well-known commercial entity, for example in the way Steam adopted Bitcoin a while ago. Dark markets are never going to increas the price substantially and quickly.

I totally agree with you, like if Amazon and Aliexpress come out to say they would be accepting Bitcoin directly from their users, this will be great for the price, because the amount of trade on both online stores would sustain the price above $1000 for a long time.
hero member
Activity: 2646
Merit: 584
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January 28, 2017, 06:37:11 AM
We need to get populated. Bitcoin users are the ones who are making waves of its price. When we use it, we buy and different transactions that we do. If we can just make other people see to how good it is then we reach the number that you mentioned.

We can actually let them see that bitcoin has a price of that. I actually did it to my friends. But making the price of bitcoin to $1,000 is the job that we need to take charge by simply keeping the economy alive by purchasing bitcoins. And the most who are contributing with the price increase are the whales who are actually responsible for it.
legendary
Activity: 1372
Merit: 1032
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January 28, 2017, 06:20:08 AM
$1000 is right around the corner, this time with a real solid rise accompanies by a strong buy support, although it may take a short time for the traders and whales accumulate again why they sold at the top.
and whenever you see a silent market and then some users around here start crying about price and say it will fall it shows their desperation and a rise in the future Smiley
legendary
Activity: 3346
Merit: 1134
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January 28, 2017, 05:37:52 AM
We need to get populated. Bitcoin users are the ones who are making waves of its price. When we use it, we buy and different transactions that we do. If we can just make other people see to how good it is then we reach the number that you mentioned.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
January 28, 2017, 04:35:22 AM
Less supply and high demand of bitcoin in the market will take bitcoin to reach 1000$, and one thing more investers are also play important role in increment of bitcoin's price as they invested their money in bitcoin and more people gain interest and trust and they also invest their money, this will make bitcoin unique in the market and will  increase their price due to high demand.
I agree. Therefore, we should advertise bitcoin more widely in the real world so that more and more people will spend their money on Bitcoin. In general, most of the countries do not know what Bitcoin is and it has affected Bitcoin a lot. Anyhow, the China still one of the best bitcoin supported at the moment. I hope that they will keep putting their money in Bitcoin so that the prices will easily cross over $2000
full member
Activity: 210
Merit: 100
January 28, 2017, 03:36:12 AM
I guess, to reach again thousand dollars ($1000) like what happened last first week of the year is, more demand of bitcoin in market, more big whale to stock their money on their wallets, it takes another halving to reach this up again if there is no big event that bitcoin is needed.
And for sure this 2017 , is good year to bitcoin because of many users or new users that truly adopt  bitcoin for their lives, thru this new users many will buy bitcoin to use for their investment or to buy something so therefore the law of supply and demand truly affects the price of bitcoin.
copper member
Activity: 1815
Merit: 1004
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January 28, 2017, 02:56:50 AM
Less supply and high demand of bitcoin in the market will take bitcoin to reach 1000$, and one thing more investers are also play important role in increment of bitcoin's price as they invested their money in bitcoin and more people gain interest and trust and they also invest their money, this will make bitcoin unique in the market and will  increase their price due to high demand.
sr. member
Activity: 714
Merit: 250
January 28, 2017, 01:41:32 AM
when people will more go on buying bitcoins but not selling them to some extend .selling all of them to a extend would lead to a drop in a price and this would not help to reach the goal.
Thats right. I agree with you, but there are some factor that more infuence that bring more impact. Mass adoption and halving make the price of bitcoin rise very significant.
full member
Activity: 266
Merit: 100
January 28, 2017, 12:41:06 AM
when people will more go on buying bitcoins but not selling them to some extend .selling all of them to a extend would lead to a drop in a price and this would not help to reach the goal.
hero member
Activity: 700
Merit: 500
Massive price drop coming...
January 27, 2017, 06:53:32 PM
I think for bitcoin to reach $1000 AND STAY there will require some major event. It would have to be something like some positive/lenient laws passed regarding bitcoin or some adoption by a well-known commercial entity, for example in the way Steam adopted Bitcoin a while ago. Dark markets are never going to increas the price substantially and quickly.
I don't count the current price for bitcoin as so bad. Well, of course for me, a girl who living only with bitcoin's earnings, would be better if the price for bitcoin will cross the point of 1000+$, but I think today bitcoin is kinda chilling after this big suddenly fall in the beginning of the month. Bitcoin jumps around 900$ for some days already. This situation remains me September of 2016, when after big fall after Bitfinex hacking, the price seemed frozen on the price around 600$ for month. And then continued to grow. I think now it's happening something similar and after some moment bitcoin will continue to grow.
If your main income is bitcoin then you must be aware that in case of price increase your potential wage is going to decrease, you will effectively receive less BTC.
We are now in interesting period, right after Chinese leverage trading was disrupted and their fake volume is gone. China will need to learn how to trade with real bitcoin.
It might take a while, but when it finally happens we will have more stable price and less volatile market.
Those not fake volume on China market trading as the price still rise more than $1100, but some whales want to take advantage from it. They, who maybe pump bitcoin in the first place as the price rally seems too hurry, I just assume that as manipulation in order to get profits, but there's no evidence of who are did it. Bitcoin will reach $1000 again obviously and all we need is more real adapters, not some investors which cash out again if the price increase.
I think most of the whales are the team in the trading site i do not if what site actually are the whales because they know what will be happen people can be panic sell since $1100 is a new 2013 price pump and i think we will nearly stay long in $1100 if we touch again in that level.. after we touch again that price make sure you have ready bitcoin just to sell your few bitcoin not all just partial and the rest sell it if the price continue to increase..
hero member
Activity: 910
Merit: 523
January 27, 2017, 06:42:52 PM
I think for bitcoin to reach $1000 AND STAY there will require some major event. It would have to be something like some positive/lenient laws passed regarding bitcoin or some adoption by a well-known commercial entity, for example in the way Steam adopted Bitcoin a while ago. Dark markets are never going to increas the price substantially and quickly.
I don't count the current price for bitcoin as so bad. Well, of course for me, a girl who living only with bitcoin's earnings, would be better if the price for bitcoin will cross the point of 1000+$, but I think today bitcoin is kinda chilling after this big suddenly fall in the beginning of the month. Bitcoin jumps around 900$ for some days already. This situation remains me September of 2016, when after big fall after Bitfinex hacking, the price seemed frozen on the price around 600$ for month. And then continued to grow. I think now it's happening something similar and after some moment bitcoin will continue to grow.
If your main income is bitcoin then you must be aware that in case of price increase your potential wage is going to decrease, you will effectively receive less BTC.
We are now in interesting period, right after Chinese leverage trading was disrupted and their fake volume is gone. China will need to learn how to trade with real bitcoin.
It might take a while, but when it finally happens we will have more stable price and less volatile market.
Those not fake volume on China market trading as the price still rise more than $1100, but some whales want to take advantage from it. They, who maybe pump bitcoin in the first place as the price rally seems too hurry, I just assume that as manipulation in order to get profits, but there's no evidence of who are did it. Bitcoin will reach $1000 again obviously and all we need is more real adapters, not some investors which cash out again if the price increase.
hero member
Activity: 826
Merit: 501
January 27, 2017, 06:20:06 PM
What Will it Take For BTC to Reach $1000?

Let's discuss.
Obviously the supply and demand law. If the supply us nearly breathing or many users buy bitcoin people adopting it the bitcoin price will surely reach the pick price of it because the supply will lessen extremely so the price will go up and up and if many user sell the bitcoin or stakeholder sell the bitcoin the price will dump that ut is how it works so for the bigtime and bitcoin millionaire they can control the market price easily but so far I think there's no one for now. Soif people invest we are lucky for the price to go up.
hero member
Activity: 882
Merit: 544
January 27, 2017, 05:50:26 PM
Before BTC reach 1000$ again, it might take some time and of course demand needed for it to go up to the 1000$ ranges again. Also, it might take another halving again for bitcoin to reach 1000$ just in case there wont be another event where bitcoin will be needed. Let's just wait and see since I know that someday bitcoin's price will be above 1000$ or more.
hero member
Activity: 2884
Merit: 794
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January 27, 2017, 05:25:29 PM
I think for bitcoin to reach $1000 AND STAY there will require some major event. It would have to be something like some positive/lenient laws passed regarding bitcoin or some adoption by a well-known commercial entity, for example in the way Steam adopted Bitcoin a while ago. Dark markets are never going to increas the price substantially and quickly.
I don't count the current price for bitcoin as so bad. Well, of course for me, a girl who living only with bitcoin's earnings, would be better if the price for bitcoin will cross the point of 1000+$, but I think today bitcoin is kinda chilling after this big suddenly fall in the beginning of the month. Bitcoin jumps around 900$ for some days already. This situation remains me September of 2016, when after big fall after Bitfinex hacking, the price seemed frozen on the price around 600$ for month. And then continued to grow. I think now it's happening something similar and after some moment bitcoin will continue to grow.
If your main income is bitcoin then you must be aware that in case of price increase your potential wage is going to decrease, you will effectively receive less BTC.
We are now in interesting period, right after Chinese leverage trading was disrupted and their fake volume is gone. China will need to learn how to trade with real bitcoin.
It might take a while, but when it finally happens we will have more stable price and less volatile market.
He will get less bitcoin only if he gets a reduction in the amount of bitcoin he is given, which is very likely and similar to what signature campaign do when there is a rise in price, if he is given the same amount than before then he is going to get a raise thanks to bitcoin reevaluation.
sr. member
Activity: 294
Merit: 250
January 27, 2017, 05:20:23 PM
I think for bitcoin to reach $1000 AND STAY there will require some major event. It would have to be something like some positive/lenient laws passed regarding bitcoin or some adoption by a well-known commercial entity, for example in the way Steam adopted Bitcoin a while ago. Dark markets are never going to increas the price substantially and quickly.
I don't count the current price for bitcoin as so bad. Well, of course for me, a girl who living only with bitcoin's earnings, would be better if the price for bitcoin will cross the point of 1000+$, but I think today bitcoin is kinda chilling after this big suddenly fall in the beginning of the month. Bitcoin jumps around 900$ for some days already. This situation remains me September of 2016, when after big fall after Bitfinex hacking, the price seemed frozen on the price around 600$ for month. And then continued to grow. I think now it's happening something similar and after some moment bitcoin will continue to grow

This phase is called consolidation

But it doesn't mean that the price will necessarily grow. It will grow of course, but likely not as soon as we all hope for. After all, we are still almost 150 dollars higher than we were in early December, so I wouldn't completely write off a possibility of going down to that baseline level. After all, the Bitfinex hack only momentarily affected the price in early August (maybe, for a week or two). The price was already on the steep decline after the fog of hype and hysteria associated with the July halving had cleared away. But this time around there was no halving, only reckless pump and breakneck dump
Yes, I am agree that bitcoin doesn't want to continue fast grow so soon, but surly it will continue to add it's price. I expect to see such situation with bitcoin as now for couple more weeks. I really don't understand why people are crying cause of the price for bitcoin. 900$ is really good price, much higher that we saw the last six months before the new year. To me this price is ok.
legendary
Activity: 1596
Merit: 1005
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January 27, 2017, 05:10:24 PM
I think for bitcoin to reach $1000 AND STAY there will require some major event. It would have to be something like some positive/lenient laws passed regarding bitcoin or some adoption by a well-known commercial entity, for example in the way Steam adopted Bitcoin a while ago. Dark markets are never going to increas the price substantially and quickly.
I don't count the current price for bitcoin as so bad. Well, of course for me, a girl who living only with bitcoin's earnings, would be better if the price for bitcoin will cross the point of 1000+$, but I think today bitcoin is kinda chilling after this big suddenly fall in the beginning of the month. Bitcoin jumps around 900$ for some days already. This situation remains me September of 2016, when after big fall after Bitfinex hacking, the price seemed frozen on the price around 600$ for month. And then continued to grow. I think now it's happening something similar and after some moment bitcoin will continue to grow.
If your main income is bitcoin then you must be aware that in case of price increase your potential wage is going to decrease, you will effectively receive less BTC.
We are now in interesting period, right after Chinese leverage trading was disrupted and their fake volume is gone. China will need to learn how to trade with real bitcoin.
It might take a while, but when it finally happens we will have more stable price and less volatile market.
legendary
Activity: 3514
Merit: 1280
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January 27, 2017, 04:56:30 PM
I think for bitcoin to reach $1000 AND STAY there will require some major event. It would have to be something like some positive/lenient laws passed regarding bitcoin or some adoption by a well-known commercial entity, for example in the way Steam adopted Bitcoin a while ago. Dark markets are never going to increas the price substantially and quickly.
I don't count the current price for bitcoin as so bad. Well, of course for me, a girl who living only with bitcoin's earnings, would be better if the price for bitcoin will cross the point of 1000+$, but I think today bitcoin is kinda chilling after this big suddenly fall in the beginning of the month. Bitcoin jumps around 900$ for some days already. This situation remains me September of 2016, when after big fall after Bitfinex hacking, the price seemed frozen on the price around 600$ for month. And then continued to grow. I think now it's happening something similar and after some moment bitcoin will continue to grow

This phase is called consolidation

But it doesn't mean that the price will necessarily grow. It will grow of course, but likely not as soon as we all hope for. After all, we are still almost 150 dollars higher than we were in early December, so I wouldn't completely write off a possibility of going down to that baseline level. After all, the Bitfinex hack only momentarily affected the price in early August (maybe, for a week or two). The price was already on the steep decline after the fog of hype and hysteria associated with the July halving had cleared away. But this time around there was no halving, only reckless pump and breakneck dump
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