No doubt in everyone mind it will bit 1000 again.
The question remain unclear is how high will bitcoin go.
Topic: Will bitcoin ever reach $1000 dollars again? - page 9. (Read 20725 times)
I am pretty confident that bitcoin price will touch $1000 again this year (we have 5 more months), but that $1000 mark will be a big resistance and the price will likely be under big pressure after touching it.
Yes, there is the psychology behind it. Many of those who bought in late 2013 and early 2014 at $1,000-$1,200 will see that the price has risen back to four digits, feel relieved, and sell.
I believe that these kinds of people who are prone to panic-buying might actually buy more at that price, since they might think that their coins are finally in a rocket to be worth 10000$. Or they have panic-sold already.
I am pretty confident that bitcoin price will touch $1000 again this year (we have 5 more months), but that $1000 mark will be a big resistance and the price will likely be under big pressure after touching it.
Yes, there is the psychology behind it. Many of those who bought in late 2013 and early 2014 at $1,000-$1,200 will see that the price has risen back to four digits, feel relieved, and sell.
I am pretty confident that bitcoin price will touch $1000 again this year (we have 5 more months), but that $1000 mark will be a big resistance and the price will likely be under big pressure after touching it.
December, it will happen this December. I feel it in my bones.
Yes I believe it will reach $1000 maybe even over within time but being able to predict exactly when is impossible this early on. I would like to see if happen in 2015 but again predicting this early on is something we are unable to do, it could go either way.
I think Bitcoin will reach (and surpass) $1,000 either later this year (hopefully) or perhaps sometime next year. I will be VERY disappointed if it isn't over the $1,000 mark by 2016.
I have no idea how quantum computing will change bitcoin mining, but I don't think there is a close relation between difficulty and price.
For example, the difficulty is now 15x higher than last Dec, but the current bitcoin price is just half of the price back then.
I think difficulty depends on the hash power of miners as well as the number of miners. So the introduction of ASICs in 2013 greatly increased difficulty, for example. So did the transition from CPU to GPU mining and the flood of new users in mid-2011 when Bitcoin first became mainstream. I'm not sure why the difficulty is so much higher today compared with December 2013 though. Everyone mined with ASICs back then and it's still the same situation today. Perhaps it's because there are more people mining nowadays (I think a lot of people became interested in Bitcoin during and immediately after the November spike - myself included) or maybe it's because the power and efficiency of mining equipment has improved since then.
Guys bitcoin will only fall for now and will rise once a Quantum Computer is created. Half of quantum computer problems have been solved so now its few years from now. The day this Computer comes in market the difficulty will rise like rocket and price will goto 100K$ 
I have no idea how quantum computing will change bitcoin mining, but I don't think there is a close relation between difficulty and price.
For example, the difficulty is now 15x higher than last Dec, but the current bitcoin price is just half of the price back then.
I think difficulty depends on the hash power of miners as well as the number of miners. So the introduction of ASICs in 2013 greatly increased difficulty, for example. So did the transition from CPU to GPU mining and the flood of new users in mid-2011 when Bitcoin first became mainstream. I'm not sure why the difficulty is so much higher today compared with December 2013 though. Everyone mined with ASICs back then and it's still the same situation today. Perhaps it's because there are more people mining nowadays (I think a lot of people became interested in Bitcoin during and immediately after the November spike - myself included) or maybe it's because the power and efficiency of mining equipment has improved since then.
Guys bitcoin will only fall for now and will rise once a Quantum Computer is created. Half of quantum computer problems have been solved so now its few years from now. The day this Computer comes in market the difficulty will rise like rocket and price will goto 100K$
I have no idea how quantum computing will change bitcoin mining, but I don't think there is a close relation between difficulty and price.
For example, the difficulty is now 15x higher than last Dec, but the current bitcoin price is just half of the price back then.
Actually, I do see one small data point where the difficulty and the price of bitcoin is related...
Maybe there's an answer, but I haven't found anything that sounds correct.
As we know the difficulty is always rising, and at a good clip.
Well, we've gone from the point where you could (reasonably) mine with your computer, to mining with graphics cards, to dedicated add-in boards, to full-blown stand-alone ASIC miners. And the technology has moved surprisingly quickly from the old 130 nm process to what is essentially the state-of-the-art 28 nm process, so from that standpoint, we're close to tapped out.
Well, after everybody is on only the latest and greatest hardware and the difficulty jumps once more to the point where the hobbyist can't afford to hang w/ the huge data-center-based farms. And then, soon after, it starts drying up for them (after some consolidation, I imagine), who is going to be willing to spend tens of thousands of dollars a month on mining operations when it's simply not profitable to do so?
And if no one is mining, (because it's insanely expensive), how does bitcoin continue to function?
Any ideas?
Anyway, I don't want to hijack this guy's thread... but I want to add that I think it will head there again, in the fairly near future.
Even in the scenario you described, I don't think it is the end of the bitcoin world.
People in different location pay different electricity cost. If you are in a high electricity cost location, you will stop mining sooner, which will make the difficulty go down and make the mining profit higher for the other miners.
So, those with the newest miners and lowest electricity cost will have no problem mining.
Expecting it to happen this year or next.
Bitcoin market is still very small in the grand scheme of things.
Bitcoin market is still very small in the grand scheme of things.
i think this end this year 
It is possible this year but more likely in 2015, what we know for sure is that it will happen!
Prefer to happen in 2015 to get my hands on BTC at a cheap price
The question isn't "if", but "when", and I think bitcoin will break through the $1000 value in late 2014.
Late in 2014 or early 2015.
Production cost will sky rock and reward cut in half.
The question isn't "if", but "when", and I think bitcoin will break through the $1000 value in late 2014.
18 hours to get in on this bet guys:
https://www.betmoose.com/bet/bitcoin-will-pass-1000-by-the-end-of-this-year-247
Hoping it does get to $1000 again (and beyond) but it's been a slow year thus far unfortunately.
https://www.betmoose.com/bet/bitcoin-will-pass-1000-by-the-end-of-this-year-247
Hoping it does get to $1000 again (and beyond) but it's been a slow year thus far unfortunately.
big bets there!
i hope it goes above 1000 it would be awesome for everybody!
18 hours to get in on this bet guys:
https://www.betmoose.com/bet/bitcoin-will-pass-1000-by-the-end-of-this-year-247
Hoping it does get to $1000 again (and beyond) but it's been a slow year thus far unfortunately.
https://www.betmoose.com/bet/bitcoin-will-pass-1000-by-the-end-of-this-year-247
Hoping it does get to $1000 again (and beyond) but it's been a slow year thus far unfortunately.
I believe It's a matter of time when It will reach It.
Guys bitcoin will only fall for now and will rise once a Quantum Computer is created. Half of quantum computer problems have been solved so now its few years from now. The day this Computer comes in market the difficulty will rise like rocket and price will goto 100K$
I have no idea how quantum computing will change bitcoin mining, but I don't think there is a close relation between difficulty and price.
For example, the difficulty is now 15x higher than last Dec, but the current bitcoin price is just half of the price back then.
Actually, I do see one small data point where the difficulty and the price of bitcoin is related...
Maybe there's an answer, but I haven't found anything that sounds correct.
As we know the difficulty is always rising, and at a good clip.
Well, we've gone from the point where you could (reasonably) mine with your computer, to mining with graphics cards, to dedicated add-in boards, to full-blown stand-alone ASIC miners. And the technology has moved surprisingly quickly from the old 130 nm process to what is essentially the state-of-the-art 28 nm process, so from that standpoint, we're close to tapped out.
Well, after everybody is on only the latest and greatest hardware and the difficulty jumps once more to the point where the hobbyist can't afford to hang w/ the huge data-center-based farms. And then, soon after, it starts drying up for them (after some consolidation, I imagine), who is going to be willing to spend tens of thousands of dollars a month on mining operations when it's simply not profitable to do so?
And if no one is mining, (because it's insanely expensive), how does bitcoin continue to function?
Any ideas?
Anyway, I don't want to hijack this guy's thread... but I want to add that I think it will head there again, in the fairly near future.
Guys bitcoin will only fall for now and will rise once a Quantum Computer is created. Half of quantum computer problems have been solved so now its few years from now. The day this Computer comes in market the difficulty will rise like rocket and price will goto 100K$
I have no idea how quantum computing will change bitcoin mining, but I don't think there is a close relation between difficulty and price.
For example, the difficulty is now 15x higher than last Dec, but the current bitcoin price is just half of the price back then.
To everyone who is currently panicking because of the recent drops: Don't trade on emotions! This almost always will get you into serious trouble! Make up your mind and think about if Bitcoin is really over. People have thought this for years and most of them would be in the black numbers if they just waited and held their coins. Sleep over it and don't make any rash decisions!
Guys bitcoin will only fall for now and will rise once a Quantum Computer is created. Half of quantum computer problems have been solved so now its few years from now. The day this Computer comes in market the difficulty will rise like rocket and price will goto 100K$
This october.
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