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Topic: When will bitcoin reach 500 USD again ? - page 39. (Read 43305 times)

legendary
Activity: 1020
Merit: 1000
September 04, 2015, 08:20:32 PM
#5
It will be at $500 per BTC by 2020. Grin 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.
legendary
Activity: 1260
Merit: 1116
September 04, 2015, 08:06:26 PM
#4
I think as demand dwindles, as the original use-cases become less and less relevant, we should expect Bitcoin to hover around the cost of production, which I understand varies widely but is a little over a hundred bucks roughly.  I don't expect to see 800 or 690 or 500 or whatever ever again.
legendary
Activity: 896
Merit: 1000
September 04, 2015, 07:59:04 PM
#3
definitely not this year. i can only see the price go to around $500 due to the block halving. demand currently is too low to come even close to $500. we do need to wait till after the halving.
legendary
Activity: 1526
Merit: 1034
September 04, 2015, 07:44:31 PM
#2
I think it's most likely that a price of $500 will take place at some point around the halving that should take place in middle of 2016. Even if the actual reward change isn't a steep enough change to force an increase to $500, the speculation surrounding it will be, if even for a moment.
hero member
Activity: 784
Merit: 501
September 04, 2015, 07:31:19 PM
#1
...and why do you think so ?
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