Topic: When will bitcoin reach 500 USD again ? - page 39. (Read 43336 times)
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.
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.
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.
...and why do you think so ?
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