When Will Bitcoin Reach $1000?? | Bitcointalksearch.org

BunsenBurner

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Quote from: CEG5952 on July 02, 2014, 04:09:04 PM

The thing about news, in my opinion, is that it tends to follow market sentiment -- it doesn't create it. So, in a bear market, good news tends to have little effect. In a bull market, much effect. I don't think we have confirmed the type of full-blown bull market where good news will be immediately reflected in price.

Exactly. IMO, the media will just create over-reaction to both good news and bad news, like the overbought in Nov 2013.

CEG5952

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Buy and sell bitcoins,

Quote from: aboo on July 02, 2014, 10:23:54 PM

$1,000 can hit today if they wanted to, its based on the pricing of exchanges who can do this.

You can see how Mt.Gox was one of them doing it so what stops others?

You saying the exchanges will drive the price up themselves? Like the "Willy Bot" on Gox? (I'm still not sure about that whole thing, and if it happened the way the report laid out)

What interest to they have in that? I know they hold a lot of BTC, but over the long term, they will earn much $ and BTC in fees...

BetMoose

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The $1000 is a really strong psychological point for people - some will sell at it, others will buy then support that level.

Our prediction market's strongest bet is currently centered around this as well:

___________

Bitcoin Will Pass $1000 By the End of this Year

Options: Yes | No

aboo

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$1,000 can hit today if they wanted to, its based on the pricing of exchanges who can do this.

You can see how Mt.Gox was one of them doing it so what stops others?

chaosPT

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It happen before and more than $1000 in 2013 , but now its going to happen again look at the big raise these day .

CEG5952

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Quote from: CryptoCrane on July 02, 2014, 03:48:42 PM

Quote from: CEG5952 on July 02, 2014, 03:41:05 PM

Not sure whether or not we'll get there on this rally, but definitely this year. I'm undecided on whether or not we are still retracing in the bear market, or if this is truly the start of a new bull market. $700s will be telling.

I think it will be a much more difficult climb than last time. Good news used to move the price a ton... not anymore.

The thing about news, in my opinion, is that it tends to follow market sentiment -- it doesn't create it. So, in a bear market, good news tends to have little effect. In a bull market, much effect. I don't think we have confirmed the type of full-blown bull market where good news will be immediately reflected in price.

Chicowash

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Who knows, it could be even higher value, if another big positive newscome out. Why does those silk road coins was even sold ?

CryptoCrane

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Quote from: CEG5952 on July 02, 2014, 03:41:05 PM

Not sure whether or not we'll get there on this rally, but definitely this year. I'm undecided on whether or not we are still retracing in the bear market, or if this is truly the start of a new bull market. $700s will be telling.

I think it will be a much more difficult climb than last time. Good news used to move the price a ton... not anymore.

CEG5952

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Buy and sell bitcoins,

Not sure whether or not we'll get there on this rally, but definitely this year. I'm undecided on whether or not we are still retracing in the bear market, or if this is truly the start of a new bull market. $700s will be telling.

Cryddit

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Quote from: Neymar10 on July 01, 2014, 11:23:42 AM

maybe by the end of the year

Maybe on July 22 2014 at 3:20 PM pacific time.

Grin

Youghoor

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when the person who bought 30000BTC in auction want to make a higher profit he will pump the value to that level.

maurya78

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Maybe in July, starting to feel there is some nice buying momentum building to feed on the impressive merchant adoption piece

deadwood

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Well there are news that Newegg has started accepting bitcoin, which is good. The ecosystem can use all the good news it can get.

However, $1000? Maybe if something big happens to get demand soaring.

C.Steven

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The bitcoin price has come back up to the level of 650 now.
That being said, I myself don't expect to see a 50% increase in the next few months, unless we have some really big good news.

But well, I hope I am wrong lol. Cheesy

Sindelar1938

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I think sustainably by the end of September/October after which we might again see a breakout

jets567

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If I had to make a guess, maybe in three months. No reason just a guess that's really all you can do

onezerobit

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Quote from: gondel on July 01, 2014, 02:10:23 PM

Quote from: Neymar10 on July 01, 2014, 11:23:42 AM

maybe by the end of the year

Think this is going to happen sooner. Not because I am holding and just hoping i will be rich at the end of the year, but the price is going up and it is not difficult for the price to go up to 1000$. We are now going to new borders and we are living in a very interesting time for BTC. Hope to see what threat will be opened after 10 years Cheesy

Guess!
BR
Gondel

I will not be to optimistic for the price to reach $1000 by year end. As more people are becoming aware of BTC and its volatility. If the prices do reach $1000, it will be for a very short while, as like you, most people are holding on to their bitcoins. and given the fact the Feds just recently had completed the auction of the silk road bitcoins, they will also come into play around the time when the prices soar. So my prediction, it will peak at $1000, triggering a selling frenzy, and then settle to somewhere near $850, and pick up from there. I may be too bold, but i figure $600 to be the new base line for BTC in the near future.

gondel

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Quote from: Neymar10 on July 01, 2014, 11:23:42 AM

maybe by the end of the year

Think this is going to happen sooner. Not because I am holding and just hoping i will be rich at the end of the year, but the price is going up and it is not difficult for the price to go up to 1000$. We are now going to new borders and we are living in a very interesting time for BTC. Hope to see what threat will be opened after 10 years Cheesy

Guess!
BR
Gondel

Neymar10

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maybe by the end of the year

Zebra

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Quote from: aspiring on July 01, 2014, 10:55:57 AM

Hey All,

I think now is as good as time as any to resurrect this post! so tell me, when do you think we'll see +1k USD again?

Cheers,
Sam

My own speculation is that it may happen in the coming months (late 2014).

Topic: When Will Bitcoin Reach $1000?? (Read 19671 times)