will the bitcoin reach $1000 one day...? - page 84.

masyveonk

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https://bmy.guide

Quote from: Rassah on September 19, 2013, 11:24:28 AM

In short, mining difficulty and costs DO NOT affect bitcoin prices. At least not in any significant way.

I see it bit differently. With so much invested in Bitcoin ASIC, the owners are not likely to sell quick because they woudnt get investments back anyways, thus price might be rising

MAbtc

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7 figures? Cheesy

S3052

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the 1000 $ question is very interesting. however, this will most probably not happen in the next few weeks.
The more important questions, and of course this is my point of view, are rather:

Will Bitcoin charts show a bitcoin price below $100, $80, or even $40 again in the next days or few weeks?
or
Will we see a break out above $140-160?

This is something we analyse constantly in our service. Yes, we charge a fee for that. But the great feedback from subscribers shows that people new to bitcoin trading in particular see this as excellent help to navigate the market. We give probabilities to each scenario and the track record beats buy and hold by 700%.
And, we offer a 70% off promotion until early October for a trial month for only 0.075 bitcoin.

MidwestMiner

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$1000 isn't even far away if some regulatory issues are addressed and the market keeps adopting it. Within 2 years I would say.

Rassah

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Quote from: Welsh on September 18, 2013, 05:41:43 AM

Quote from: marcotheminer on September 18, 2013, 05:32:48 AM

Im hesitate to say that it will because it has been constantly at $130 - $150 at the moment.
Highest will probably be $350

I believe when new mining technology is released yet again the price will rise, then it will drop because of the amount of Bitcoin being mined and sold. Then we would stabilise again around $180. But, I do believe if Bitcoin does continue growing we will be seeing a lot higher and stable amounts.

The same amount of bitcoin gets mined every day, regardless of how much hardware is mining, or whether it is new or old, so changes in mining technology should not affect the price at all. Note that the price went up in Spring due to Cyprus worries, but then was not affected when ASICs started coming out at the end of spring, and has remained relatively constant at $100 despite a huge number of new miners coming online, pushing the difficulty from 4mil to 100+mil

In short, mining difficulty and costs DO NOT affect bitcoin prices. At least not in any significant way.

Welsh

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Quote from: marcotheminer on September 18, 2013, 05:32:48 AM

Im hesitate to say that it will because it has been constantly at $130 - $150 at the moment.
Highest will probably be $350

I believe when new mining technology is released yet again the price will rise, then it will drop because of the amount of Bitcoin being mined and sold. Then we would stabilise again around $180. But, I do believe if Bitcoin does continue growing we will be seeing a lot higher and stable amounts.

marcotheminer

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┴puoʎǝq ʞool┴

Im hesitate to say that it will because it has been constantly at $130 - $150 at the moment.
Highest will probably be $350

JohnnyCrypto

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j68r

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I'll take a punt and say that it's quite likely only a tiny handful and probably no one person on the planet will make a 1000 bitcoins through mining between now and the very last one being produced.

tomeuncle12

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I hope so, when I have 1000 bitcoins.

j68r

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My first post here, I registered to thank luke.jr etc. on the Eligius thread for their hard work and effort but can't post.

Feel compelled to write here though, the value will have to rise significantly if bitcoin is to survive and reflect the costs involved, most people new to mining are going to be sitting on big losses (and disappointment) with any mining hardware bought today or tomorrow given the uptake and difficulty ramps seen and due and the current value measured in filthy fiat.

superdry

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I think there needs to be much more confidence in the moarket first. Bitcoins are a great concept and is working however I think that currently there are too many security risks involved. There have been many scares and as these are well publicised it brings the confidence in the market down.

As this improves, as I'm sure it will, we will gradually more confident and IMO this will drive the value forward.

Also we have to take into consideration the fact that the Bitcoins are becoming more and more elusive. Im going to start a thead on when people are fircasting the last bitcoin to be mined. It will be interesting to gather all your thoughts! Please check this forum for the post! Roll Eyes

AndrewLite

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We'll see, but I'm pretty sure it will.

reactive4ce

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Quote from: Welsh on September 17, 2013, 06:39:19 PM

Quote from: GhanaGamboy on September 17, 2013, 06:35:58 PM

Quote from: Welsh on September 17, 2013, 06:31:41 PM

Quote from: specgamer on September 17, 2013, 06:29:47 PM

I think it will, given (a long period of) time.

I'm curious what you call long time? When do you think I will reach that?

Seems like 20 years, Its a long, but waitable

If that's the case it would be worth it. Especially to early adopters. I believe it has the potential to be a lot earlier. By, I guess we'll have to wait and see.

No! $1000 will hit in few years or never. 20 years does not fit any scenario I see Wink

Welsh

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Quote from: GhanaGamboy on September 17, 2013, 06:35:58 PM

Quote from: Welsh on September 17, 2013, 06:31:41 PM

Quote from: specgamer on September 17, 2013, 06:29:47 PM

I think it will, given (a long period of) time.

I'm curious what you call long time? When do you think I will reach that?

Seems like 20 years, Its a long, but waitable

If that's the case it would be worth it. Especially to early adopters. I believe it has the potential to be a lot earlier. By, I guess we'll have to wait and see.

GhanaGamboy

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Dadice Fixed Rate.

Quote from: Welsh on September 17, 2013, 06:31:41 PM

Quote from: specgamer on September 17, 2013, 06:29:47 PM

I think it will, given (a long period of) time.

I'm curious what you call long time? When do you think I will reach that?

Seems like 20 years, Its a long, but waitable

GhanaGamboy

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Dadice Fixed Rate.

Quote from: Baitty on September 17, 2013, 02:51:58 PM

I think Bitcoin will eventaully hit 10k. But, I think that is many many years from now

Many many years doesnt sound too optimistic, it sounds like eternity to me Wink

Welsh

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Quote from: specgamer on September 17, 2013, 06:29:47 PM

I think it will, given (a long period of) time.

I'm curious what you call long time? When do you think I will reach that?

specgamer

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I love bitcoins.

I think it will, given (a long period of) time.

clock27

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my guess is around $750 the governments will do what they can to crush it since they can't control it

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