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Topic: When will BTC hit $1000 again? - page 2. (Read 3220 times)

sr. member
Activity: 336
Merit: 260
May 16, 2014, 12:23:31 AM
#24
My advice is: sit tight.

Be right and sit tight.

The first part of the two is easy.
legendary
Activity: 2268
Merit: 1278
May 16, 2014, 12:19:09 AM
#23
Bull. The price will have to go up along with adoption. We have many, many days of tulip-accusations ahead. The "stable currency" that some people dream of won't happen until north of 100k. Until then it's a traders and investors game.
legendary
Activity: 1692
Merit: 1018
May 15, 2014, 11:36:44 PM
#22
There seem to be many threads recently along the lines of 'when will we see $1k again?', probably posted by people who bought around the $1k mark and are currently sitting on losses.

My advice is: sit tight.

The current market is excellent for bitcoin.  I hope we sit around the $450 mark for months, if not a year or two.  Why?  Because we don't want the world to view bitcoin as a get-rich-quick, tulip mania con.  If the price rockets up like it did in 2013 that's good for people who bought in early, but it does no end of harm for bitcoin's ultimate goal of being a currency that can be used in the real world for everyday transactions.

Imagine a store that would have to change its pricing almost daily as bitcoin has risen or fallen 5, 10, or even 20% in a day.  That's not a viable currency.  I know inevitably someone chimes in with the argument of 'but just use an exchange to instantly convert the bitcoins to dollars, thus removing the bitcoin price volatility'.  This of course glosses over the middleman risk (exchange going bust) and the extra fees involved (currency conversions and services aren't free).
legendary
Activity: 896
Merit: 1000
May 15, 2014, 10:26:28 PM
#21
I say that it'll hit that height again in August of this year (just the first stopping point in the next rally). There's likely going to be some very high-impacting incidents over the next few months that I personally think is going to cause another sharp rise.
hero member
Activity: 616
Merit: 500
May 15, 2014, 09:23:11 PM
#20
1 - if Chinese uncertainty about bans ends, even if it results in a total ban(necessary but not sufficient)

2 - New big players in the game, like billionaires investing on(not only in background, but publicly speaking about bitcoin) and big companies like amazon accepting btc.

3 - New and revolutionary tech developed from blockchain and bitcoin techs.

4 - by natural growing, dollar by dollar. Can take some years this way.

5 - If Gox all of sudden returns all money and coins to all clients. Maybe if someone buy them. Probably will not cause a 1000 price by itself, but can be the start of a rally.
sr. member
Activity: 336
Merit: 260
May 15, 2014, 02:53:44 AM
#19
Mining business is more serious and risky than just buying and holding coins. I wouldn't recommend to mine or trade coins, buy&hold strategy gives the best results in the long term for most people.
hero member
Activity: 618
Merit: 500
a clockwork miner
legendary
Activity: 2338
Merit: 2106
full member
Activity: 228
Merit: 100
CIYAM - UI/UX design
hero member
Activity: 728
Merit: 500
May 15, 2014, 01:55:57 AM
#15
2015
legendary
Activity: 2338
Merit: 2106
May 15, 2014, 01:55:00 AM
#14
I feel like I keep loosing. I bought some BFL 100 GH miners a few months ago, never got an RIO (became useless after 30 days), I built many scrypt miners, no RIO yet, bought a scrypt asic 5MH and a few days later price goes down 3x. Past few months invested $10,000 in BTC since it went to $400. I feel like MTGOX f'd up my life at this point. Will BTC ever hit $1000 again? Looks like it will NEVER go up again. Just my luck.

sounds familiar-
when i started to get involved in bitcoin more seriously last spring it went like this: ordered bfl in early march, they delivered 8 months late. ordered avalon batch III group buy, they never delivered. ordered avalon chip group buy, they never delivered. invested big in btc directly (went all in) end of may and price dropped almost 40%...  last summer was sort of hard.
but then came....  november. you will have your november moment, don´t worry - be patient.
full member
Activity: 156
Merit: 100
May 14, 2014, 09:59:59 PM
#13
ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

What I have learned from mining is this: Unless you run a super mega mining solution, you're almost always better of buying the bitcoins now and riding the growth. I do still buy a miner when I find that it can be:

1) Bought with bitcoins
2) Will make back more bitcoins than it cost (including the additional of electricity and PSU costs)

If you can find a miner that will do that, then go for it because you will continually make more coins irregardless of bitcoin price. But if if will mine LESS bitcoins that its current cost in coins, just buy the coins and hold.

Ya seems right, honestly these days mining's becoming pointless. After my miner breaks even I'll just stop. Though the thing with buying and holding is it can take months and months to make a little profit even if you put thousands in. Though I'll just invest from now on. ATM i am investing in doge and BTC.

Doge has really good marketing and I think that is a fair investment for a smaller part of a cryptocurrency portfolio (I like to play the market safe). I think bitcoin should be the biggest part of a portfolio. And I advise to also invest some in litecoin. The Litecoin/BTC ratio is rather stable IMO and in times of bitcoin surges the ratio goes up quite nicely for an improved return (trade the litecoins for bitcoin) then if/when btc price falls, less people want LTC and the LTC/BTC ratio drops, at which point you can rebuy LTC with your BTC and increase the total amount of coins you have.

good to know! Will do, I was actually researching LTC for a while. Let's just hope my 5MH miner breaks even.
hero member
Activity: 618
Merit: 500
a clockwork miner
May 14, 2014, 09:59:23 PM
#12
I feel like I keep loosing. I bought some BFL 100 GH miners a few months ago, never got an RIO (became useless after 30 days), I built many scrypt miners, no RIO yet, bought a scrypt asic 5MH and a few days later price goes down 3x. Past few months invested $10,000 in BTC since it went to $400. I feel like MTGOX f'd up my life at this point. Will BTC ever hit $1000 again? Looks like it will NEVER go up again. Just my luck.

I don't think it's a question of your (bad) luck, but rather a lack of research and time spent trying to do the right moves.
I'm sorry to say that, but it's what I think.

On the good side, there is the fact that the downtrend seems has stopped now, and the rising is coming.
I think, like many other people, that BTC again at 1000$ can be considered a realistic scenario in the near/medium term.

ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

You are going to do the same errors.
Have you ever used an online mining calculator to have some hint about profitability?
For "only" $4K?
How are you sure that some RANDOM-altcoin will skyrocket?
Again, invest more time in research before you do your moves.
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
May 14, 2014, 09:56:08 PM
#11
ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

What I have learned from mining is this: Unless you run a super mega mining solution, you're almost always better of buying the bitcoins now and riding the growth. I do still buy a miner when I find that it can be:

1) Bought with bitcoins
2) Will make back more bitcoins than it cost (including the additional of electricity and PSU costs)

If you can find a miner that will do that, then go for it because you will continually make more coins irregardless of bitcoin price. But if if will mine LESS bitcoins that its current cost in coins, just buy the coins and hold.

Ya seems right, honestly these days mining's becoming pointless. After my miner breaks even I'll just stop. Though the thing with buying and holding is it can take months and months to make a little profit even if you put thousands in. Though I'll just invest from now on. ATM i am investing in doge and BTC.

Doge has really good marketing and I think that is a fair investment for a smaller part of a cryptocurrency portfolio (I like to play the market safe). I think bitcoin should be the biggest part of a portfolio. And I advise to also invest some in litecoin. The Litecoin/BTC ratio is rather stable IMO and in times of bitcoin surges the ratio goes up quite nicely for an improved return (trade the litecoins for bitcoin) then if/when btc price falls, less people want LTC and the LTC/BTC ratio drops, at which point you can rebuy LTC with your BTC and increase the total amount of coins you have.
full member
Activity: 156
Merit: 100
May 14, 2014, 09:53:07 PM
#10
ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

What I have learned from mining is this: Unless you run a super mega mining solution, you're almost always better of buying the bitcoins now and riding the growth. I do still buy a miner when I find that it can be:

1) Bought with bitcoins
2) Will make back more bitcoins than it cost (including the additional of electricity and PSU costs)

If you can find a miner that will do that, then go for it because you will continually make more coins irregardless of bitcoin price. But if if will mine LESS bitcoins that its current cost in coins, just buy the coins and hold.

Ya seems right, honestly these days mining's becoming pointless. After my miner breaks even I'll just stop. Though the thing with buying and holding is it can take months and months to make a little profit even if you put thousands in. Though I'll just invest from now on. ATM i am investing in doge and BTC.
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
May 14, 2014, 09:51:19 PM
#9
ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

What I have learned from mining is this: Unless you run a super mega mining solution, you're almost always better of buying the bitcoins now and riding the growth. I do still buy a miner when I find that it can be:

1) Bought with bitcoins
2) Will make back more bitcoins than it cost (including the additional of electricity and PSU costs)

If you can find a miner that will do that, then go for it because you will continually make more coins irregardless of bitcoin price. But if if will mine LESS bitcoins that its current cost in coins, just buy the coins and hold.
full member
Activity: 156
Merit: 100
May 14, 2014, 09:46:10 PM
#8
ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
May 14, 2014, 09:41:52 PM
#7
be happy that its keeping above $400 for now. remember, 3600 new coins
are mined daily, so people are buying that many and demand is meeting
supply.

Once the next big adoption wave hits (Wall Street), price will explode.

And the next wave after that will be mass adoption.

That's a great point. The 3600 coins mined per day are either being kept or bought in order to maintain the bitcoin price of about $440.

To the OP, I think bitcoin price will surpass $1000 again by July, 2014. Where did I get this number from? Here: http://www.geekcipher.com/technology/bitcoin-price-prediction-march-2014-through-july-2014/

If you always bought below the line with an R value of 0.0909 and always sold above the line, you would have made tons of fiat and if you rebought below lines, tons of more coins. Unfortunately you bought wayyy above the trend line and thus you have to wait in order to re-coup your money.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
May 14, 2014, 09:08:17 PM
#6
be happy that its keeping above $400 for now. remember, 3600 new coins
are mined daily, so people are buying that many and demand is meeting
supply.

Once the next big adoption wave hits (Wall Street), price will explode.

And the next wave after that will be mass adoption.
sr. member
Activity: 242
Merit: 250
Bitcorns
May 14, 2014, 08:12:48 PM
#5
It will hit $1000 on October 5th at 2:37 PM EST (Coinbase price)

But I don't know what happens after that.....
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