Will we ever see BTC over $1,200 again? - page 5.

futureofbitcoin

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Merit: 250

Quote from: techgeek on March 26, 2015, 01:42:22 AM

I swear we all hit a reset button, for those who got into bitcoin less then $100 congrats.

For those who bought bitcoin back in 2012 at $200, yeah now its back giving us a 2nd chance in my view.

But, I really dont think it`ll hit $1,200 anytime soon if anything I feel like its going the opposite direction. Only because I dont see any great financial events outside from a PR article from coindesk mentioning about twitch using it as a tipping service, which grows the userbase.

The problem with this kind of thinking is, news doesn't go like "we are 5.6% towards completing a killer app for bitcoin" then "we are 8.34% finished with developing another killer use case for bitcoin".

We'll only know that a killer app is out when it comes out, it's pretty much a binary thing. Either it's out, and bitcoin explodes, or it isn't. It won't be a gradual thing. So just because you don't hear any news now, it doesn't mean anything. By the time you heard the news, it will be too late.

techgeek

hero member

Activity: 826

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I swear we all hit a reset button, for those who got into bitcoin less then $100 congrats.

For those who bought bitcoin back in 2012 at $200, yeah now its back giving us a 2nd chance in my view.

But, I really dont think it`ll hit $1,200 anytime soon if anything I feel like its going the opposite direction. Only because I dont see any great financial events outside from a PR article from coindesk mentioning about twitch using it as a tipping service, which grows the userbase.

montreal

full member

Activity: 328

Merit: 100

With all the capital flowing into startups recently and the foundation being laid for institutional money to enter, I think this is how the market will play out. Unless scalability/regulation is too much of an issue and something better replaces btc.

ajw7989

legendary

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Possibly IF bitcoin makes an ETF onto the US stock exchange or china accept BTC. short of that I doubt it. Best we can hope for is a rise and stabilization around $500

POM

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Activity: 547

Merit: 254

not anytime soon for sure

zoinky

hero member

Activity: 811

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Web Developer

Once tomorrow comes.

(think about it)

BTC-Bank

member

Activity: 126

Merit: 10

In my personal opinion Bitcoin have to give a lot more and we are still on the start of it. There are a lot of countries around the world which is unknown yet and as many more people, companies involved, advertise it and use it for what is build for will make it more popular and the demand it will be increased.It will break this amount for fan.I dont know if it will be this year but i beleive it will be soon.As said this is only my opinion be well everyone!

Kind Regards,
BTC-Bank.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: botany on March 25, 2015, 08:50:56 PM

It is going to take a long time.
Right now, it seems to be stabilizing around $250. Angry

We may have to wait for the next block halving to see some trend

Yeah, i believe so too, but it isnt that long until halving anyways. I believe the downtrend should stop (has stopped), and this is just some sort of
a shakedown in form of a long beartrap. If the pre-halving pump happens , and i believe it will, then i guess its possible for price to rise to ~600$,
but it seams so artificial lately that very well anything could happen (for 1200$ next year i doubt it)

cheers

botany

legendary

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It is going to take a long time.
Right now, it seems to be stabilizing around $250. Angry

We may have to wait for the next block halving to see some trend

lister storm

hero member

Activity: 770

Merit: 500

I'll never doubt any numbers other folks have, like us going to $2k in 2016 or what not.

tyrexs

sr. member

Activity: 266

Merit: 250

maybe but its so hard price back to 1200 again

ThatDGuy

hero member

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Merit: 500

Quote from: mrhelpful on March 25, 2015, 12:49:44 PM

The day my mom starts using it. Cheesy

Its basically dependent on a user base scale, so the true value still stay at that rate only if a huge financial event occurs. That means everyone currently using their credit cards to decide its actually way better and they see a difference.

If not, they wont bother to adapt a new thing. Unless its like added as a dual option on a credit card or something.

As for the fake value $1,200. I would say any btc exchange can do it short term, by making phantom deposits and follow similar to mt.gox events.

Er... I'm guessing the day moms start using it the value will be well over $1200.

mrhelpful

legendary

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The day my mom starts using it. Cheesy

Its basically dependent on a user base scale, so the true value still stay at that rate only if a huge financial event occurs. That means everyone currently using their credit cards to decide its actually way better and they see a difference.

If not, they wont bother to adapt a new thing. Unless its like added as a dual option on a credit card or something.

As for the fake value $1,200. I would say any btc exchange can do it short term, by making phantom deposits and follow similar to mt.gox events.

lucasjkr

hero member

Activity: 644

Merit: 500

Quote from: adpinbr on March 25, 2015, 06:50:38 AM

If yes, when?

How do you expect anyone to give you an answer? A month before it hit $1k, no one here would have bet any substantial amount of bitcoins that Btc/usd rates would hit $1000 in 30 days time.

brokenchair

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Quote from: Shiver on March 25, 2015, 10:08:23 AM

Quote from: Amph on March 25, 2015, 07:52:33 AM

no one know when, we presume with the next block halving, but it could be early or after that, or never...many newbies will not ever buy at current price, let alone at higher price

When I first happened upon Bitcoin I was immediately hooked, and tried to sell the idea to anyone who would listen. I didn't have much success so I shut up about it. When the GOX climb began they got interested and wanted in at any price. Two of them came to see me clutching FIAT in their hands, all but begging me to get in on the deal (this was near ATH).

Sometimes if something is given freely it has no value, but when the price goes up they take it more seriously.

Unfortunately, no one is going to manipulate bitcoin to new all time highs, so new holders will be minimal, and there will never be a 1200, or new ath again. The time for that to happen and be coordinated has past: microsoft, coinbase launch, whatever etf launched already. If those events couldn't save btc price, what event will?

AtheistAKASaneBrain

hero member

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Merit: 509

Quote from: calme on March 25, 2015, 06:59:15 AM

someone pull this thread back up in 2020 for a good laugh.

Im saving bookmarks in a special folder called "bump this 10 years from now" so I can have a good laugh while I enjoy my extremely strong purchasing power of BTC.

Rude Boy

hero member

Activity: 770

Merit: 500

not sure about it.
It might exceed 1k+ $ or might be down to 0.00XX $ >.<
let's see what will happen..

fr4nkthetank

legendary

Activity: 2294

Merit: 1182

Now the money is free, and so the people will be

Quote from: futureofbitcoin on March 25, 2015, 10:29:45 AM

Quote from: adpinbr on March 25, 2015, 10:28:35 AM

Quote from: calme on March 25, 2015, 06:59:15 AM

someone pull this thread back up in 2020 for a good laugh.

I don't get if you are implying price will be 1,000,000 or 0

Neither. It'll probably be something like $56,342.54

maybe a loaf of bread will cost 37459694839484.38 $

abyrnes81

hero member

Activity: 714

Merit: 500

Quote from: adpinbr on March 25, 2015, 06:50:38 AM

If yes, when?

No of course, or at least not 'now' maybe after the next halving (but I am not sure).

ThatDGuy

hero member

Activity: 728

Merit: 500

Quote from: HarmonLi on March 25, 2015, 11:39:42 AM

I guess we will. I mean you've seen how the bears love to trade the bear market now. If this thing turns into a bull market the smart bears will turn to bulls and push the price up, just like they're pushing it down these days. I guess it'll still be this year!

This right here. Although I'm thinking this long of a bear market won't be easy to shake off into a crazy rally quickly. We might see it this year but I'm looking more towards 2016. Will be happy to be wrong and see it earlier though!

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