Bitcoin Forum

What Will it Take For BTC to Reach $1000?

Let's discuss.

Supply to be choked nearly to death.

which is not something that's going to happen within this years timeframe. but yes you're right. that's the only way it could go to $1000

less dumping from everyone, less holding, less fud, and certainly more buyng

the usually duo about supply and demand

less holding? how so? if people don't hold their coins, how would you expect the price to reach $1000 holding is a crucial part of a high price.

 I doubt it will reach this high. It will be just too much.

if everything they do is holding, then the price won't magically rise, this is what i mean

Give us a detailed and reasoned explanation why then.

Regardless of willy bots and fractional reserves and fake Chinese numbers, coins were bought and sold by real people at that price level.

Every night before you go to sleep...you need to pray for btc to reach $1000.

You need to pray to Jesus (the white prophet), Mohammed (the black prophet), and Santa Claus (the red prophet).

Every day you pray to the Gods, is another good day for bitcoin adoption and price. If you pray 5 times a day btc price will increase by 20 x 5 (the 5 is because you prayed 5 times)..so 100 dollars if you pray 5 times that day.

If you forget to do your prayers, btc price will go down, and bitcoin adoption will get reversed because people will be manipulated by the gods to forget about bitcoin (because you didn't do your prayers).

If you pray with other people, like friends or family, there is a multiplier effect which will increase bitcoin price even more.

Good luck with your prayers, i'm counting on you.

May be one day that bitcoin become rare so the price will skyrocketing or may be more than $1000 but still its hard to become rare nowadays because people still dont know about it and for bitcoin, it need to become mainstream to every one first, so it will have a chance the price will go high

No it depends on supply and demand, $1000 is possible but yes need time and some good issues which can lift btc price up.
We need more people to use bitcoins in this world.

Basically mass adoption, bigger user of daily activities, like shopping, groceries, mundane shit. Thats what raises volume. But for that to happen, we need regulations, we need time, we need people seeing clear advantages to do so, and making it a cool thing to do so as well.

Was supply choked nearly to death last year?

Bitcoin hit 1000$

And I've been waiting for it to get back there ever since

Summon the Willy bot ::)

FUD. period.

If thats what can get us down, that is also what can get us up. Apart from that, people not supporting other coins like Ethereum or funding companies through bitcoin. As ultimately all that gets dumped.

This. People who believe that price of $1000 from end of 2013 were 'real' are blind.  This situation can be achieved once more. All we need to do is establish a group of "Willy bots" on 2-3 major bitcoin exchanges and price will reach the moon once more. All we need for that is a bot and a whale.

There was hope about a month and a half ago when Bitcoin rose over $300, then it dropped about $50 in 24 hours it was unreal. I think it will take a miracle to be honest. One day you will wake up, and Bitcoin will just keep rising and rising! Thats probably the only hope it has because I don't see anything by the looks of it which can give us more concrete evidence for predicting that price jump.

The day when entire world start using bitcoin for even paying for minute things it will reach $1000 and to be honest that's simply not possible. It would be dream come true for the bitcoin community if it reaches at that level or atleast near to it but lets be practical.

I think you've missed out at least three zeroes there.

The world economy is just a teensy weensy bit larger than 14 billion dollars. Only a little bit though.

User adoption. Teach people how they can use bitcoin to buy things online and save money.

If the rate of adoption is high then it would definitely reach $1000. But its like dreaming with an open eyes. The awareness level is not upto the mark as it should be. And it will take time for people to start having faith in bitcoin as people are more scared of scams.

First, price needs to stop falling. After stabelizing it can grow, but if the demand for bitcoins will be high. More people must start accepting btc as payment...more online stores, more physical stores.
And...something has to be done about all this scams. Bitcoin is not about scaming, but about trust. We need trust, we need it badly.

We're still a year out from the next halving which will help the price climb if it doesn't doesn't drop more from here. Price is very accurate right now and showing the real demand. But the real answer is "Time". Give it 2-3 years. 

Well, bitcoin has already been at $1000, so it's possible again.  The only, and I mean ONLY, thing it would take is for people to bid up the price that high again.  It doesn't matter if more people adopt it, it doesn't matter if people hold it--folks just have to want to pay more for it.  If there was only 1 bitcoin left on the planet and people would only pay $1 for it, that's what the market price would be.

Andreas Antonopoulous said "give it two years", so two years from now we should see something really interesting going on, things should have changed, but I actually hope it happens at a slower pace, lots of us still are stacking up BTC.

Let me see. First I would say If it goes mainstream. Or if the cap limit is about to be reached. Or perhaps some form of endorsement from a country to adopt it as an alternative currency. I think these factors would be the main driver that will again bring up the price.

for this year, i am not sure btc to reach $1000
but for next year maybe because there will be halving for btc.
I hope for the next year btc to reach it.

I'm pretty sure someone already controls the price

Why do you saud that people want to buy $1 for 1 bitcoin? If in this planet bitcoin is left the last one. Many people will bid for it and then the price is gonna skyrocketing and will get to the moon, because it become so rare about this bitcoin and the market will know about it anyway so they wont sell it cheap for sure

it is more than one person, and the longer the market will fall the more people will be able to control it...

so reaching 1k is about manipulation at this point, other than big demand, because at 1k the market cap is still too low to be free from being maneuvered

Take a look at this graph
https://i.imgur.com/aqR6rso.jpg
Notice how quickly the price spiked?  That's not normal. Basically we can deduce that the price wasn't hit by normal trading conditions. If I'm not mistaken, I think it was merely the period of about a month or two where that the price was able to hit 1k. If you look towards the end of the graph you can see that we're round about where the increasing slope would be, maybe just a bit under, but we're on par.  

We won't hit 1000 soon again without something like a another willy bot and a whale or two appearing again.
 

I get what you're saying, but consider a time in the future where no one wants bitcoin.  For whatever reason, could be that it's been made illegal in many countries, could be that it's become obsolete.  In that scenario it wouldn't matter at all how many were left, because demand wouldn't be there.

If it was back to $1 for 1 BTC then it would be effectively dead. I'd wait until it was $1 for 100,000 or more before 'investing'.

If the blockchain was still intact there'd always be a few people who'd want to own coins if only for curiosity or nostalgia. It would only take a small number wanting the same thing to give it some market value, however tiny.

I can imagine someone somewhere would carry on mining as well just for academic purposes. It could well become totally irrelevant but never quite totally dead.

This is the best advice I have ever seen in this forum, and I believe this could help to raise the Bitcoin Price. But anyway, if you just praying and not do anything. It will be useless...

That future that you saying is so far to go, I guess that will be decades or more until that day come. So meanwhile we can start collecting it and we can have some more profit now and before that time come there will be some issue to tell us to dump it. But with that conditions we are still getting profit somehow

I think we stand before a rise of the price. Why? Many companies have recently showed interest into blockchain and crypto currency technology (UBS, Western Union, IBM etc). Most of them currently do research how they can use the technology for there business field. As soon as there are the first practical apps and use cases the price of Bitcoin and crypto currencies in common will rise for sure.

I didn't understand one bit of the gibberish you wrote, but the scenario that I posted was hypothetical.  I understand a lot gets lost in the translation when speaking to the retarded, but try to stay with me. 

It's like this:  it doesn't matter if there are only 10 shares of Enron on the market, with the rest being held onto tightly by Ken Lay.  If no one wants to buy the stock or the company has gone bankrupt, then the price is going to be in the toilet. La toilette.  Not sure how to say that in idiot-speak.  Supply and demand.

i think when bitcoin grow and many company use bitcoin for payment. i think bitcoin price will up again. so we need time for this

It will take one or two small counties hopping on board after their native currencies fail. 

It will take about 15,000 people to buy 1,000 coins who won't be willing to sell at prices below a $1,000.  ;D 8) ;D

Counties or countries?  ;D
Liberland is already on board. We might have others hopping on pretty soon.

i think it needs many investors and also everyone needs to hold their bitcoins and sell it at a high price

If there are many investors the price will compete to each other and this will make the price drop, but let say if all of them just want to sell at high price and no one will sell at low how can the price is going to raise?

User adoption, gov. adoption, halving, USD crash...

In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up?  ???

If you want to buy some and the majority aren't selling, then those that are available will be asking more. The more demand and the rarer the coins the more the price goes up as sellers refuse to part with them. That's how the bubbles develop.

There'll always be someone looking to sell but obviously that's not the most sustainable model for a healthy economy.

There are a lot of people who bought Bitcoin when it was at ~650$ (it had stayed at this price for some time), and still more people bought it when it was at ~450$ (it had been there for a few months, if I'm not mistaken). I guess all those people will be happy to break even and get rid of Bitcoin to never touch it again...

Time, we just don't know when it can reach over $1000 again, but it is sure it can reach again. So let us patient.

Just with patient we can't make sure that this price is going to $1000. We should do something to make sure bitcoin will skyrocketing till $1000 and in that time I guess we just can take our profit easily and soon bitcoin will be used by many people and become mainstream. How that sounds? ;D

The next block reward update should do the trick. Once less bitcoins are being feed to the blockchain, the price with gradually increase.  :D

time,

Miners have bills to pay. So bitcoins will be sold at least to cover that.

Not necessarily. If they expect the price of bitcoin to rise within the period of their planning horizon (but isn't that exactly the reason that they mine for in the first place?), they will pay their bills with fiat. In fact, it has already been proven statistically some time ago that the miners don't sell their bitcoins as they are mined and the bitcoin price isn't significantly affected by the newly mined coins...

I would not sign this. Sure most investors are awaiting the halving in 2016 but if the price will not significantly rise after the halving many investors will sell their bitcoins what will cause a big sell preasure.

It actually only needs one of them to reach well over $1000 but the $1000+ would be worthless even more so than it is now  :D We need the USD to continue the illusion because btc is not going to be adopted by govt and needs it to value against.

They will not hand over the control from the bankers and the bankers won't let them. User adoption will help as well as the halving but imo only a whales willy bot who wants to pump the price will take us back where it was.

It is pity that the newly formed country ended.  The so-called president, Vít Jedlicka and  his 'founding fathers' were arrested on as they tried to reach the tiny patch of 'unclaimed land'.
Read more: http://www.dailymail.co.uk/news/article-3076499/Czech-politician-arrested-trying-enter-3-square-mile-patch-land-Croatia-Serbia-claimed-founded-new-country.html#ixzz3a6v0ipQf

I think as the price increases, the demand will play an important role in it. There will be some real application of the blockchain technology, which will push up the demand.

It appears that price ALSo plays a big part in demand. As price rises, people fear of missing out and start to panic buy. This leads to a higher price and even more buying. Once this starts again, we will see bitcoin go high again.

I think instead that the price will stay stable for a long period, then it could rise or fall down. The great innovation is not btc but blockchain  ::)

apparently governments and banks did not understand what's good about the blockchain, because they want to centrilize it with their own shitty version

so this whole blockchain adoption, will not bring any good to bitcoin imho, certainly it won't encourage a raising in price, i think it's only a matter of something that will trigger the panic buy

but better to raise slowly and set every time a new floor , than skyrocketing to 1k again, for then assisting at another big crash

I believe that mass adoption can be one reason to take bitcoin to reach $1000 and its really possible if the society gets aware of bitcoins. At present the people of many countries are not aware about the bitcoin so once every one starts adopting it then it can reach $1000 or even more.

imo, look from the first until now, the rate its very" high in 2013 until 2014, but now its going down down and stuck in 240 or 230, i think it take a long time and hard way to touch 1000, (i didnt say they not , but gonna be hard) my predict if btc still exist maybe 10 or 20 years again

Bitcoin is trustless and decentralized. Its trust is built on the protocol. The existing problem is that ppl still don't realize the advantage yet and there no many killer applications available yet, which will really attract ppl's attention.

Fully agree on Amph his statement

The only reason why bitcoin got any value at all is because people started using it for all kinda things.
If you simply stash it away like a few large owners do, it will not get any value.
Some say the value of bitcoin is not important but for mining it does.
Nobody wants to loose money, almost everyone in this game want profit.
The traders, shops, mining-equipment and exchange the list is endless.
Since its no longer profitable for most people on the planet, most pull out of that extreme sport which only ends up to be done by the very rich.

Well decentralized for how long look at how many pools are left... not really decentralized at all in my opinion

The awareness level and the acceptance level will go high then that are the days when btc will reach $1000 or more. Once people start knowing the advantages of using btc it will definitely increase the demand of bitcoins and merchants retailer and everyone will start accepting the bitcoins as a mode of payment the prices will reach to a new level.

It is impossible for every one to just hold their coins. Every one want profit so there are definitely some ppl who are trading it frequently. But it is not the right way to get the price reach $1000. It just creates bubble and cannot last long. We don't need the way used in 2013. Ppl will find the benefits of using bitcoin as its ecosystem is improving, and find reasons to use it. The price will be steady  to increase!   

I think some of them are trying to understand and exploit its advantage, such as Swiss bank ans Nasdaq etc. They plan to create their own version of blockchain. It has nothing to do with the price increase. Due to the volatile price movement, ppl have no incentive to buy bitcoin. IMO, We need the clear positive policies from govs, more actual implementations, stable price, high security level etc.   

IMO The way price increases isn't stable. It is so-called speculation movement. Ppl are buying up the price and one day some whales will dump it,  price will be crased easily.

Nope some of them will hold their coins just incase the price is going up again after that, some of them really want a big profit from this bitcoin thats why they just save for the best price they can. Yes everyone sure want get profit but how much profit do you want to get? If you buy bitcoin for $100 and then you sell it for $101 , this is also a profit too

Destruction, errr severe currency inflation could get BTC to $1000 per coin. That wouldn't necessarily be a good thing though...except for all of is on the right side of it. The value of the currency is tough to predict, we still don't know if this thing is going to serve its purpose as a currency or an asset class. That decision will impact the price.

True that. Up until now, it's really hard to predict whether it will serve its purpose as a currency as you said. But come to think of it, BTC may reach $1000 if it goes rare (choke to death).

funny thing is that if people will not buy bitcoin because of its instability in price then the price will never become stable, because they are the reason for a less volatile price in the future

the issue is that people don't see a reason to buy bitcoin, this is the truth, at this rate, we will never achieve 1k again

If you wait for bitcoin to become rare I think you wont hit that time because there are so many people that using bitcoin soon or later and it will become mainstream. We just need to be patient and focus on our bitcoin for a while to get stacks. Until that time we sell it to gain pure profit

People hate things that are unsure, in this case it will be the volatility. That is the main reason people are more interested in gold since the value of it is more stable than BTC . Even if people see a reason to buy bitcoin there is no guarantee as well that we might reach 1k again because there is a lot of opportunist waiting for profit . With the saying that goes "every buy is a sell" people might dump as soon as they see a pump.


Bitcoin cant be "rare" in supply because the supply will keep on being 21M . The value will drop or raise just based on demands and orders

Amen!!!

If Satoshi Nakamoto come back and the army admits Bitcoin.

If Satoshi come back, it will be a good hype for the market because the price will drive up and it will be just a bubble for a while. Satoshi to be back will have nothing to do with the value to be honest because the market is based on demands and order and of course some hype or FUD to drive the price

If goverments were to acknowledge BTC than it will be a good addition since if BTC will be regulated, more and more people will have some faith in it and of course it will help to spread the mass adoption as well

satoshi won't come back. people can't seem to understand that. if he would, it might not even make much difference in price. more than what he has done in the early days isn't possible. core devs do a great job.

People thought that if he comes back that there will be some sort of hype that might drive the price. Another reason people are still trying to find it was because he deserve to get all the credits for introducing this world for BTC.
Core devs did a great job but compared to satoshi then they will be seen only as a worker i.e Einstein and his disciple. People will always acknowledge Einstein more

I don't think that it will reach 1000$, so many things around BTC has changed

It will happen very easy, remember when we shot past $266 when that was the previous ATH.  Once the bull market starts is the biggest show in town lets not forget.

And what will start the bull market in Bitcoin? I think that's really what this discussion is about - not the "yes it will" or "no it won't" but the - here's what's going to happen and why?

As I remember BTC shooting past $266 I'm reminded that BTC now trades at $238...

That's Correct. Whatever price above the initial investment is a profit. So If I have bought bitcoin at $100 and if it reaches $200 I would think of selling it as it is giving me double profit. And it is really hard to judge whether bitcoin will reach at $1000 or not.

Bitcoin is a transactional currency. As such, it is competing for market share on the transactional currency market.

Talking about bitcoin value is not about happily watching numbers go up and down while having popcorn. This is about identifying global market, looking at its size and estimating a target market share based on the strengths and weaknesses of the competing product will determine the prices of BTC in future.

Outside from the obvious adoption with more merchants, and more user bases coming from traditional investors of a etf passes or something.

I say, when the bitcoin core actually takes on faster transactions when blocks are all mined.

Of decreased confirmation times 10 mins at max.

all the recents good news should start the bull market, it's only a matter of time at this point, but in the best case scenario i would not expect a fast rise, to reverse the trend you need plenty of time because now everyone is accustomed to short and to the bearish market

It will be at $50k per BTC by 2020. Mining will mostly be dead by then, demand will have gone up and supply will be down. Acquiring will be much easier, and using will be much easier with additions such as address aliases. The unbanked in poor countries will be able to participate in online commerce easily, and for supply to go up, the decimal point must shift right to create enough of the currency to keep up with demand.

BTC will hit $1000+ again but no time soon, ONLY after security measures are put in place to make BTC a "safe" investment. Safe in terms of reasonable investment security, currently there are far too many ways to lose your money than to make it.

Halving
More merchants accept bitcoin
Stop using paypal, shity coins and began to use bitcoin as internet currency  :P

Why you want to lose all your bitcoin if you can earn it easily? You can save it right? Make it to paper wallet to make sure it is really save, and you dont need to gambling to earn what you loss. If you did that you will lose more and more. For this time I guess you must get as many stacks as you can, when we face the halving time, that is the time we get a real profit

Well basically something logical , more demand . or at least 500$ / BTC before the next halving block reward happens so when it happens from 25 BTC to 12.5 BTC price should be doubled if demand stays the same or rise . Let's hope it will happen ;D I missed the 2013 pump i hope I won't miss it again

I think Bitcoin is just like any other currency. How does a currency rise or fall? It needs basic supply and demand, investments, and exchange. Bitcoin it self needs to be more and more globalized for people to use. The more people using it, means more people are going to be trading and exchanging with bitcoin.  ;)

It can reach this year. It can reach next month. It can even reach $1000 next week. It will happen when we will least expect.

Heat death of the universe.

We need more attractive ways in which to hold btc..If there was a btc bank that would give us interest or a bonus for holding bitcoin I am sure you would get even every grandmother in town opening a bitcoin savings account for their grandkids lol..it's that simple in my books..  ;D

That is a great idea but how are you going to have btc bank if there is no support from government? Bitcoin must make a good impression to every government in this world so they can start coalition that try to open btc bank so every player in this world should have a same chance as a fiat user

Uncertainty. The last Bitcoin pump in the end of 2013 was resulted by a uncertainty of the continued existence of the Euro Zone.

I think the link with wider economics is fairly tenuous. Bitcoiners are a very fringe bunch. I think it can act as inspiration to them but I'd say 2013 was mainly about Chinese excitement.

It will eventually get there again without any thing have to change but there is a number of factors can speed up he process for example when new more efficient miners starts to mine, a rising bitcoin difficulty in general, if miners is demanding higher price for there mined bitcoins that they choose to sell, miners keeping a higher portion of there mined bitcoins, bitcoin accepting merchants/bitcoin processors keeping a higher percent of the sold amount in bitcoins, if bitcoin accepting merchants/bitcoin processors try to sell for slightly above marketprice instead of at marketprice in a higher degree than today, if the big investors that has been buying into bitcoin cheep the last 1.5 years decide they have accired enouth bitcoins and that its time for the price to go back up again, time is also a factor that will work in favor for higher bitcoin prices, when the bitcoin halving occurs in around 60 weeks time there will be even more pressure on the price for it to go up for example.

That is true. It basically depends on demand and supply if the demand goes high the supply will go high and the prices of bitcoin will reach the desired value and it is only possible if the adoption level goes high people should start adopting bitcoin as a mode of payment.

Agree, needs time, not a few years, lot of time. Some facts:

Mining will never stop, every 2 years computer processing technology gets twice faster and twice smaller.
With oil exhaustion we'll enter an age of New energy forms, some free, some cheaper, some more efficient.

Population continues its grow, more shit to the planet but more Bitcoin demand

Demand will go high only if the awareness level is high. People should start accepting the bitcoin and I believe the present users of bitcoin should educate those people who are still not aware about the bitcoin once people starts using it I think the value can go beyond $1000.

We need to solve the blocksize stuff, otherwise we will never have full trust. Every hard fork is a big doubt in investor's minds and in holders wallets. We need to make it scalable infinitely, its the only way to make it big.

I don't think it will be solved anytime soon judging by the ongoing discussion. It has actually been going on since 2011 and a consensus was never reached.

 To me it seems unlikely that the BTC price will go all the way back above $1000 until it finds a way to become "sexy" to mainstream finance; probably around the time that news outlet are telling stories about how everyday consumers have begun to useuse the blockchain "under the hood" in financial apps.

well the rarity of bit coin must rise in mining the diff must rise and the summer must come for more people to gather those coins besides that the markets and sales sites of big corporations like apple and microsoft must come to a use of bit coin in order for it to be a aceptable currency in digital may rise to 500 dollars but 1000 only like 2 years form now day 4 june 2015

back then there were only proposals about it, now it's getting serious, we are nearly the saturation of the 1 mb at our disposal, it will be solved by the early next year, until then we can't grasp 1k or any better price of course

thats true but it also seek the acceptance from the people,government and the banking system who stands in the support of bitcoin or else i dont think it can reach upto this mark if there is mass adoption and acceptance from society and government it can go beyond $1000.

i was thinking about this question,

most people here have the 'legit' answers , user adoption, ect...

still -------------- what got it there the last time ?

a good ole fashioned PUMP   


I am not in favor of this since wild changes in peoples perception of value can damage the image of btc.


But it sure as hell got the job done last time.

Mainstream user adoption with a safer/simpler way for non-tech savvy people to buy bitcoin.

It is really difficult at present to think of that moment which can take the value of bitcoin above $1000 and looking at the present market situation I don't think it is simply possible as it will take great effort from the society to know about the bitcoin and adoption would be a difficult too for those who are not tech friendly.

It is very difficult to convince non-tech people to adopt something new that they haven't heard or used before. They would rather prefer to stay away from it or would choose some alternate option for investment on which they can trust on so the mass adoption is very necessary to reach it upto $1000 or more.

you got it, a pump is the only thing that can boost bitcoin price and force adoption in a short time, yeah it's not a natural grow, but what it really matter is what will happen after the pump
 
if the price will not crash like the last time then a pump would be ideal now, because besides helping adoption will raise the confidence of people in bitcoin, but as i said, only in the case there will not be a big crash after it

This is a basic fact of life. It's always hard to try to get people out of your confort zone. It happens to everyone. With the internet it was the same. How many people missed lifetime boats because of that?
But history will put Bitcoin where it belongs regardless what the common folk think about it now.

When there is no barrier for the global economy to come to a situation that any goods can be shipped to any country without any difficulties, such as transact with Bitcoin.

The prevailing mindset is that when the BTC production limit is reached the price will skyrocket within the hour.
But think about it.

Right now any random person can invest into a mining gear & 'create' btc the moment this 'creation' process ceases to exist the supply of the BTC in the market will dip significantly, yes this is the best point where the price can skyrocket, but due to limited supply traders who already have bitcoins would have a tendency of hoarding the coins rather than selling.

It would be only a matter of time by when the exchanges and indie traders run out of their stocks and the hoarders are left with the big pots. Result : The lack of availability of BTC in the market would reduce it's use and could actually 'pop the price bubble' caused by the supply choke.

The most crucial part which makes BTC viable as a currency and as a store of value is it's daily transactional capacity, the moment the number of transactions reduce would be the moment when BTC itself will start to lose it's importance in the public eye.

I'm pretty sure someone already controls the price

adoption which would take between 7-10 years

China ban is lifted .... Russian ban is lifted

or some kick ass new sidechain app that will shake things up

most likely in the next year if we are very very luck BTC will creep just above 300 usd ...but imho that is a stretch
with all the drama dev dislcord on 20mb or not block size etc etc

 

It is actually much harder to convince them that a virtual coins on their computer have a value of $200~ each.


What will happen after a pump is a dump. A pump will always be followed by a dump afterward basically because some people are buying at the peak point which makes them cut their lost by dumping it back. A pump cant force adoption but a stable higher price would


That would be in about 100 years later and all of us would be not around anymore by that time


Indeed, a whale or a group of whale controls it, could be the chinese (no fact about this, just my asumption)


Even if the ban isnt lifted, most people from the country are still using and trading it as usual though


Next year will be the halving year, it is not yet clear what will happen after the next halving as the price might skyrocket or plummet to the ground instead. Also if the 20mb receive the consensus, the price will be decreasing alot

er to your last point....assuming 20mb consensus is reached....why would the price drop as a result (use small words this whole block size thing makes my head hurt)

and how would or could this differ should they say reach consensus on say an 8mb jump instead?

thanks

It seems impossible. I believe the trend should be on upwards node. It is right now going downward since last so many months. Even as the bitcoin users are increasing and there are more number of bitcoin transactions, still it is going downward.

To be honest , that is the worst possible scenario available though due to most of the people that are not going with the consensus. Also based that on the last fork, there was alot of FUD regarding it

However if you want to take a deep look and make your own judgement for it, this is a good start https://bitcointalk.org/index.php?topic=1078123.0



Increasing number of people using it doesnt matter actually because right now the price is being manipulated by few traders. You can easily check that since previous months ago there have been alot of positive news regarding BTC but none of it made impact to the price . Somewhat, it will requires few years for the price to increase or perhaps next year atleast after halving

For me,
just collect bitcoin as many as you can. :)

the point of a pump is to actually force adoption(buy forcing many people to jump the train, to take their profit), while a natural grow, will raise the price without causing a dump after it, that's should be the difference

You said it yourself, jump on the train for profit . How do people profitted themselves from a pump then? It is by dumping them back . If we were to talk about mass adoption basically we are talking about people that is still unfamiliar with BTC and to convince or to attract someone further into BTC what you need isnt a pump / dump scheme but rather a solid stable price indeed

man it is exactly what i'm saying, with a natural grow you don't get the dump after it, but with a furious pump, you will probably return to the previous price after it, but it will try to force adoption anyway, in the sense of a momentary adoption

maybe i have not explained it well, but for forcing adoption, this is what I meant in reality

No its not the same, let me rephrase what I meant and what yours are. You keep on stating that a pump ( natural pump, fake pump, bubble , call it whatever you want ) will force an adoption while on the other hand Im staying with a stable price is much more needed for it ( stable price , not high price and theres a lot of difference on it )

Also that a "natural growth" isnt a guarantee that the price gonna be stable or it will not be dump later on. Dont confuse yourself with these words because natural growth =/= stable price

P.S : corrected some part of my previous post
P.S 2 : Stable price in my case will be somewhat similar to a stagnan price

Increasing number of people using it doesnt matter actually because right now the price is being manipulated by few traders. You can easily check that since previous months ago there have been alot of positive news regarding BTC but none of it made impact to the price . Somewhat, it will requires few years for the price to increase or perhaps next year atleast after halving
[/quote]

If that is the case, then it is dangerous for bitcoin economy, as most of the people are into it because of its decentralized nature. And I assume that few traders must be sitting at the very top to control the prices.

Exactly. This rapid rise on the back of no good news can only indicate that it is the activity of a few traders.
While price increase is good, people might wonder if it is a bubble and choose to wait before entering.

That is true but just holding bitcoin will not serve a purpose unless there is adoption from the people at higher level or else bitcoin would be just on paper and would disappear or get replaced by any other new crypto currency So its better that people start accepting it as a currency.

Supply & Demand controls the price. If the big greedy pump and dump miners actually scale back on dumping it the price will rise.

It actually might go up since the twins actually got something done, and launched their own exchange called gemini.

So who knows it`ll probably bring more new blood to pump up prices. I dont know about $1k though, maybe a $100 increase to be more realistic.

You forgot to add the third factor that controls the price which is manipulation.


Most people are mining for profit and that would cause them to dump whatever amount they could get as long as the cost for mining < price of BTC . Miners dumping isnt a reason that the price hasnt reach $1000 to be honest and even with the miners keep on dumping , the price has been rallying for $23 now which serves as a proof that miners isnt at fault for dumping their mined BTC


You should be aware that every pump will be followed by a dump shortly afterward . Pump will only create a bubble that burn alot of people anyway which happened at the $1200 peak before

no it won't be replaced by any other crypto, why they should adopt another clone when they don't like bitcoin in the first place? no-sense

the first point you mentioned is true, the poor should hold and the rich should buy, but actually is the opposite, the rich are manipulating the price and the poor are buying in their trap, making them even more richer

so it is just a matter of when this manipulation will bing enough poor people to buy until the price rise to 1k, with a bit of help from the whales

uh, so what if the bitcoin dropped to zero.

would you still want to collect many as you can then? I wouldnt think so, price is obviously what you need to factor.

But BTC HAS to keep getting the price higher and higher, eventually a new floor will be set, maybe the next bubble is 2000, and it crashes back to 1200 or something along the lines.

A huge dump will begin ......

Dont get yourself under delusion that the next bubble will be at $2000 and after that the price would be stabilized at $1200. It is 2015 and people are not stupid to fall into another bubble anymore because the peak of 2013 has burned alot of people.
Also that a bubble is not answer if you are seeking for $1000 price and it is called bubble for a reason. If people are seeking for BTC to reach $1000 then there will be no easy way to do it because only mass adoption could be the reason for it to happen and it wont be in such a short time

Memories suddenly become an awful lot shorter when there's the belief that there's money to be made. People will talk themselves into anything when greed strikes.

This deflation has been epic and could be far from over yet but the reasons for another buying frenzy are arriving every day. It won't succeed without a few more bubbles on the way. It isn't necessarily helpful overall but if you throw in limited supplies, a small market cap, tiny number of users and future potential it's inevitable.

it might do sometime in the future but for now it's better to focus on the closer and more realistic goals like $500

The peak of 2013 only burned average joes, the old money has never been in BTC yet, and they will being once Gemini is operative.
BTC will need to have an higher floor, because after a couple halvings the price is better 1000+ or else the mining will not be profitable for anyone.

The purpose of holding bitcoin is people have faith that bitcoin price will go higher and the mass adoption from people will help the price going to the moon too and fyi there is no any single crypto can replace bitcoin and it will never be changed




Bitcoin price will never dropped to zero because there are people still use it anyway and for many people they will make some fence to hold it so it wont go down to zero price

Demand is the big thing.

Back when the silk road was around there was millions of dollars of bitcoin going through there and driving the price up.

Silk road was abolished and a lot of the demand for BTC went with it and the price slowly went down since then.

I'm not saying Silk Road was 100% responsible, but it certainly played a big part.

Just my thoughts.

There's no shortage of other dark markets out there. Many of them have volumes in the tens and hundreds of thousands of BTC. Silk Road was definitely the mainstay of the economy for a long time, though. It's far more diverse now.

It would never go to zero price but if its not earning us profit out of it then its price is as equal to zero it would not serve the purpose. As the bitcoin users we want stability in the price of bitcoin and if there is stability then more and more people would start adopting bitcoin as a currency.

it's better to take on 300 first, because 500 is still too far away, and we are there struggling to surpass even a mere 250

better to not go over board with the excitement...

but all that had already been achieved , is a feasible price in my opinion , 1k will be reached once again is just a matter of when

There sure is purpose of bitcoin no matter what, you still can gambling it to try your luck too and still get more bitcoin to sell so you will still get some profit with bitcoin. And if there is a stability in bitcoin price you wont make good profit through it because of its volatile that we can get more profit. Same as USD stability, you wont make some profit with that stable currency. Right?

What I have observed in last 3 months is that someone actually does not want it to slide below $200 mark. Just once 3 months ago it reached $160. Since then the prices are always varying in between $210 to $260 mark. It goes down for an average 15-20$ and then remains there for about a week and then again rises for about $15-20

Welcome to market, buddy. That "someone" is an aggregate demand for bitcoins from buyers. When Bitcoin reached 160$, that might actually be someone selling a lot of bitcoins (followed by panic sells). As you suspected, it didn't last for long...

Another Delusion I would say, it is not clear yet wether the next halving will be actually give a significant effect for the price . I would say that with the next halving then high chance that miners wouldnt be profittable anymore. With the current miners it wont be profittable but you could be sure that until next year there will be ton of newer miner with more efficiency

If your reasoning behind that the next halving will bring a higher price is because that miners probably wont be dumping anymore because it isnt profittable then I would say that you are not aware of the other factor besides miners' dump . Low price isnt really caused by miner dumping but on several occasion it is being manipulated


People need to know that everytime we reach a new higher stepstone, there will be alot of traders trying to get a profit from it. So expect a dump each time we reach a new higher price


Rather that it will be a question on how will it reach 1k again

You cannot make good profit if the prices are stable but we need that the prices of bitcoins get stable then only people will have faith in bitcoins and start using it as a currency and if you are involved in earning profits in quick time like say trading then it will not help you.

All is not that simple. In fact, it is not so much the price stability that matters for wider Bitcoin acceptance and greater expansion as the price predictability. Therefore, if Bitcoin exchange rate grew constantly and steadily, say, 1% monthly, I think, that would make happy the majority of both Bitcoin traders and end-users...

Well the guaranteed facts about the halving is that the inflationary phase of BTC gets way closer than it is now, less inflation should give us a higher price if all indicators of interest keep going up.

Theoretically if there is less supply in circulation that will means that the price would be higher however if there is less demand, then the less supply will be an abundant supply which is not a parameter that the price will be increasing or worst case that the price may be lower.
Even with the current Supply in circulation the price could be higher if there is a demand for it however as we see it, there isnt any huge demands for it , so I would say that halving isnt a guarantee for the price to increase but rather more demands on BTC will be helping the price to increase

All the bitcoins are almost all mined. 5 ish billion bitcoins remaining.
When that happens(next 8 years)?

yeah 2024 is a good estimate, so others 3 halving at least, then there will be no excuse anymore, bitcoin should skyrocket or die


after that point, only 1M will remain, which should not infuence too much the future

https://en.bitcoin.it/wiki/Controlled_supply

Mining breakthroughs to increase the volume and consequently choke the further supply, but this has to be accompanied by wide acceptance of bitcoin, maybe a couple countries making it their prime currency.

I certainly believe that it will go as high as $1000 but not very soon, it's gonna take a while.

Seriously if you are saying that 8 more years the entire supply would be mined then you should read this https://en.bitcoin.it/wiki/FAQ#How_long_will_it_take_to_generate_all_the_coins.3F


I keep on encountering people that are saying that halving would bring a better price for BTC but the fact is that it isnt clear yet. The reason of it would be mostly that because miners will earn less and the probability of miners dying would be higher because mining wont be profittable anymore (dont know if this would be your reason or not but mostly this is the reason for most people)

Halving will be coming next year with an each 4 years period for each halving, basically thats enough time for ASIC manufacturer to invent a more efficent miners Actually people should realize that miners isnt the price controller in this case because Traders control it or rather manipulate it. So leaving that aside if we are relying on simple law of economics then it would be


Short words : if there isnt any demands for BTC then even a 100 BTC will be consider as an abundant supply . Mass adoption will be a key to play for this game not halving

yeah i agree if the holding is less i think that will directly lower the price but supply and demand does make sense. i guess though a little circulation of bitcoin wouldn't hurt plus more people need to get into it

Exactly, a nice way about pursuing that would be making sure getting your business or work involved someway with btc. That way, every time you meet somebody new and express about work, you introduce them to btc.

People still don't trust Bitcoin enough to involve their businesses with it. It's only long term visionaries that get it and geeks that are ahead of the curve. The rest just cannot be saved and are destined to be left behind just like most people got left behind in the 90's when the internet started getting mainstream.

maybe if bitcoin is really important and so harder to find and get it,and so many countries has legalized it and more big company using it as payment it would be reach $1000 or more

I think they are legal in every county, don't quote me though.

People don't have to put their whole business at stake just to be a part of it, they just need a third party processor that would handle instant exchange at market price.
But it's true that those who dont adapt to the new age will be left behind, but also those who are first to make a move will also carry much higher risks (and potential profits)
As far as price is concerned, when people hear about bitcoin enough times in papers,news..etc. it will make them more comfortable to use it and invest, and that's when
the rush for xy k USD will begin.

cheers

2014 to happen all over again I guess...
Last time it happened because of demand increasing dramatically and supply not being high enough, so if we wanted it to happen again, bitcoin would have to be in such high demand that we are not selling enough (which would be very rare) or we would have to "burn" bitcoins and make them more rare.

no there are still country that are not accepting it, or they have a very heavy restriction

in thailand for example is illegal in vietnam too, and many others

still they can't track you so easily, so many are using it even in those nation

consider it like 21 million shares of stock. bitcoin market is expanding into new territories each year.
Bitcoin is still bigger than before. 1000$ is possible within 2-3 years or sooner.

Cant help myself with such wrong post so here it is, a list where you can see about the legality of BTC in each country

https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country


The rally that happened in 2013 was actually had nothing to do with demands, I would say " Real Demands" . It is most likely manipulated by putting in some buy pressure and voila Panic buy happened that keep on driving the price up.


Absolutely wrong, If there is such high demands (buy order) then I doubt a trader will be holding himself of not to dump on it. Unless the same manipulation happened again which bulk buy order that keep on getting on the sell wall to create another panic buy scenario for it. Even though it is like that, those who buy will eventually sell them at the top so it will be back to square one unless there is a "real demands" on it


Absolutely no point to do that for the time being because there are 25 more coins that is generated every 10 minutes now (plus or less)

I think comparing or looking at it as a stock is a good way. It's only logical that if the demand for bitcoin rises then so will the price. Personally I think bitcoin probably hasn't even reached a few percent of its true potential yet. Imagine if every online store accepted it or half the stores on your highstreet or mall. Maybe even a country adopts it due to an unstable economy. The value could go through the  roof so I think 1k is a very reasonable value and could be far exceeded.

even more modest then that it could find a niche in just international money xfer from nations with corrupt banks/gov't etc and the low fees

hell that would be enough alone to have BTC do quite nicely imho

GREXIT  , greece's debt default ;D :D

There's no need for "many online stores to accept it", you just need targeted audience to invest in it and ure done, the massive news flood would follow and every opportunity catcher would
invest in it aswel, pushing the price way beyond 1000$. Look at how we 1st came to ATH of 1250$, and now imagine if such news coverage happens again.. 1000$ is nothing, but still it can't be
reached by current game of cat and mouse. All people need is incentive, and both bears and bulls would be bitcoin cosuming predators.

cheers

It will take a mining difficulty of around 210,000,000,000 or higher.

why people are giving so much importance to greece exiting the euro, they were never a strong country in term of economy, when they joined euro they were already a bit poor, the crisis just hit them hard because of that, and nothing will really change if they exit the euro, especially not bitcoin

they also said that they don't like bitcoin particularly, but more its technology, the blochchain

No need to get that far, if a lot of people who have to know about technology bitcoin and evenly in use throughout the world,
would have easily bitcoin reached the price that much

Because small effects that can lead to severe consequences (the butterfly effect). Greece can be just the first domino the fall of which will likely cause a chain reaction that could possibly lead to Europe complete disintegration with the Euro sinking into oblivion...

i know that i have wrote it in another thread, but it is only a possible theory, just pure speculation,

nothing really say that it will happen, what i really think is that if greece leave it will only fade away , and thye don't want to leave because it is a bit risky for them to not have their ass covered by the central bank

They? Did the whole country said that? :)

That's interesting because most Greeks do not even know what is bitcoin.

Their prime gangster said that he dislikes btc...

well obviously no, it was one notorious from their country, or one politician, i don't remember now exactly, it is an old news

maybe Yanis Varoufakis but i'm not sure

The more people that use dollars doesn't make it more expensive (although the demand for loans might raise interest rates).
Do not assume that if bitcoin gains widespread appeal its price will automatically go up. But there is a limited supply you say and demand is unbounded potentially. Ok fine, but the mechanism by which the price will increase will be due to the difficulty increasing, causing the cost of bitcoin mining to increase. With a block reward of 25, an average cost of electricity of 13.5 cents per kWh and an average mining hardware energy efficiency of 0.75 J/GH, you get a breakeven price of $1,000 when the mining difficulty is around 210 billion.

I would deff have to agree with this, the only reason its down right now is because the bears want it down to scoop more. With Greece being in the news with money issue, Bitcoin will fill that void and many others over the next few years. Short term thinking isn't healthy here, long term 10 year plan is what will be exciting and eventful.

Could we say part of the fall out of btc biggest turned down was MTGOX at some point things started to get all negative from there, well even with that we now have major companies that accept bitcoin has a form of payment.

Your first and second argument are actually countering each another . First argument is that you are denying that demands will actually helps BTC to reach a higher price while on the second argument you are saying that the BTC difficulty will be the parameter for the increasing price

Now, how will the difficulty increase? By having alot more miners which means that the demands for BTC is increasing otherwise we will never have more miners . So demands are the key for this, also I would say that your post is quite impressive to have count the breakeven price for it at the 210 billion difficulty but i'd say it rather baseless and unlogical.

You forgot to put a rational thought in your argument because at the current rate of ~$240, I dont see any reason for the number of miners to keep on increasing and pump up the difficulty into such high number while they are already losing their chance to breakeven if the current diff is double of the current one

right now for $240 to be profitable at today's difficulty, a miner needs to have an efficiency of .77 J/GH if they pay 13.5 cents per kWh. You can buy an Antminer S5 and run it at .5 J/GH so you would be profitable and keep adding hashpower.

actually it has been picking up and i don't see any specific reason..... i.e. nothing big happened, strange the difficulty is not going up quickly, probably too high

the unlikely quick and stupid bubble method?

that would be like happened with Cyprus ..real or perceived..or not  as really being the case... that crisis it was said a lot of folk moved money out of there fast on bank lock down
to BTC  or at least the common press theme at the time..thus the price took off ..hey it was a bubble but still

so something like Greece or some note would have to happen imho .it would be short term bubble but it could hit 1k say in 1/2 year with such Greece drama

other wise the slow plod to acceptance continues.....but the flash in the pan above is still possible in my view.. :)

As for the bolded part in your post, Thats what my point about my previous post is.  I should have make it clearer I guess.

If people keep on increasing hash power, there will be a peak point that it wont be profittable anymore at the current $240 ~. Therefore your argument is invalid about the 210 billion difficulty. I have stated in my previous post ( the bolded part ) that with the current difficulty x2  people will be having no chance to break even at the current rate and somewhat reaching 210 billion is impossible

What makes you think people will keep on increasing their hashrate till 210 billion anyway ? Anyway miners isnt the controller of the BTC price. Even without miners dumping, we have seen the price is pretty much unstable and volatille. Take it in your notes that traders are the one that control the price not solely miners

i'm not making an argument, I am making a calculation. IF we hold electricity cost and energy efficiency constant, the mining network would have to grow big enough to increase the difficulty to 210 billion IN ORDER for mining only to be worth it if the price is $1,000.

How's that? It's a hypothetical but it is revealing.

I wish this would happen by the end of this year, last year everyone was waiting for something to happen in mid November we where all happy to wait and experience a spike to 1k usd giving the fact bitcoin is stronger then before.

Bitcoin should have NEVER been over $1,000 during that period of late 2013. In fact Mt. Gox was partly responsible for manipulating the price up so high by using automated trading bots which would use its customer's account's money to bid up the price of bitcoin to stupid high levels. Then, when it ran out of money to use to buy bitcoins Mt. Gox imploded taking all its customers funds with it and subsequently the price of bitcoin fell back to where it should have been.

The Willy Report: https://willyreport.wordpress.com/ (https://willyreport.wordpress.com/) goes through what happened.

Well that doesn't make any sense. The dollar is in fact rising the more people use and want it. The more inflation people experience, the more they try to buy dollars, and hopefully bitcoins too in the near future. Just look at the forex valuation of dollar compared to any other currency of the world. I think only the swiss franc is more popular, but you can't get it in high quantities.

Theoretically your calculation is correct but as I have stated there isnt any rational thought in it. Firstly it is due to that no one will be keep increasing hashrate if it isnt anymore profittable for him to mine as I have stated previously that even 2x of the current hashrate will no be inevitable anymore to mine.

Secondly it is that you are pointing it all towards miners as you have left out the most important things that it is not the miners that control the price but it is traders that control it.

Furthermore , Id like to add that BTC is dead once we reach that 210billion difficulty while we are still hanging at the current rate. The reason would be that , miners is needed to keep on finding blocks for confirmation therefore Id love to see who will be keeping their miners only for the sole reason of confirmations while on the other hand he is losing each time his miners is turned on

---

Therefore the argument about this 210 billion to reach $1000 is pretty much an invalid argument because it is irrational but somewhat true if you are seeing it from the math sides only 

I can tell that, for sure, the spread if it in every single part of the world and the known and use of it from every person in the world without doubt will increase the value of bitcoin. The spread and the increase of number of merchants that accept bitcoin will, without doubt, will increase the value of bitcoin. But how and with which speed it will be this increase in time and when that increase will reach the 1000 us dollar that can be known only by no one. All this, according to me.

Awareness to people about bitcoin will bring more traffic to Bitcoin Ecosystem and create a Demand, which eventually will raise the price of BitcoinBTC

For it to reach $1000 the bticoin community needs to grow.

More people using bitcoins means more demand thus we'll be needing more supplies

Will I am trying to spread the word of Bitcoin. But they some people they like it and want to do it but there is the most people who is just not interested.

But yeah I am just hoping that in 5 years Bitcoin will reacht more than 1000 USD.

Since Bitcoints steadily becoming more expensive every year. What you need to just relax and wait

For BTC 1000 USD value can be real thing, if demand will grow and BTC users base will also grow. It can happen in next year - 2017 or so. Mostly also, because many people can loose their time and profit in altcoins exchanges and the switch back to Bitcoin buy/sale.  ;)   

I think it will takes a long time to reach $1000 for the price of bitcoin. Because after the halving, the price of bitcoin is stable right now. It might increase again in the end of the year, but it will not reach $1000.

For btc to reach that high we need alot more people buying into bitcoin and not just earning it we need fiat to be dumped directly into bitcoin.
Next to that we also need more mass adoption and more shops using it it all depends on the amount of people invested in this.

Not sure on what it will take to get the value of the Bitcoin to $1000, I do not know that much about Bitcoin. But I am waiting for it to happen.
I want the price to be $1000 so that I can finally sell some of my Bitcoin that I have been holding on to.

Wow, an old thread got resurrected. The difficulty is now above 225B but Bitcoin seems to be still alive and kicking. For the inquiring minds, the difficulty gets adjusted every two weeks, so if there are no more profits to be made off mining, the difficulty will decrease and will keep decreasing until it becomes profitable to mine again. But since mining costs differ magnificently between miners, such a situation is hardly possible in real life (when all miners would leave simultaneously)...

http://i68.tinypic.com/2gv36s8.jpg

Profits always trump prophets

Technically speaking, a more and more funds (investments) would push bitcoin price up based on law of demand and supply but fundamentally speaking more and more users would be a strong reason to bitcoin price up and this also depends on law of demand and supply. In first case the things aren’t natural (that we see in pump & dump schemes) but in second case things are natural up to some extent (people desperately buy bitcoins to use it and not for investment or trading purpose).

As there is no similar events similar to halving, the price might touch $1000 with its gradual increase. For this gradual rise time is required which might happen around the middle of the year 2017.

I am also hoping that the price of bitcoin is going to reach $1,000 for next year and I hope that is going to keep on increasing as the next year is going to come. But if we are going to expect too much for this then if this is not going to happen what possible to happen is that we are going to get hurt too much too.

Yes $1k is difficult to achieve in this year and it can reach there only if we find massive adoption and new investors bringing their money into it and which can take some time.

I don't think that is so difficult to reach 1k $ if you see the charts is more than possible to reach 800/900 in the next rally.
I think that the price for the end of the year will be near 900 and more than 1k in first quarter of 2017.
But this is just my opinion we will see

When demand for bitcoin becomes more, then it will cross $1000.For that, Bitcoin has to be made familiar to all sects of people all over the world which will cause a gradual increase in demand for bitcoins. By the end of 2017, it is expected to reach $1000.

in this year it is very tough for bitcoin to reach at $1000 but i think in next year there will something like this . if any matter comes like brexit ( bretain + exit ) then surely its price will cross the limit of $1000/btc .

Bigger demand, and for bigger demand market need to be even bigger. More people need to join bitcoin movement, and that is key for success. I think that will happen with the time, bitcoin community is constantly growing, and that is visible.
Also we need more places where we can spend our bitcoins that we earn, it would be great if some companies adopt btc as salary for their workers. There are many things that can make bitcoin price increase, one of them is recognizing bitcoin as currency from different governments, that will make people to have more trust in bitcoin.

i think it will take a whole year to reach this amount of btc because the price of btc is most stable at the current time . there is only small little fluctuation of $2-3 usd only . so i think it will take over complete year to reach at the target of $1k USD

That needed a demand for it to reach $1000 more people who will buy and keep storing of bitcoins i think it is merely possible as this next year ,this week it fluctuates almost to $1000  ,i think somebody a big bag holder of bitcoins rolls it.
For now on we need more people who will join and buy more bitcoins itnis the only way for it to reach this top.

I though the coinbase hack earlier or it just a hoax if coinbase hack those account probably the demand of bitcoin will go down again like benifix doo because of them thats why bitcoin price decrease and hoping it wont happen again where happy that bitcoin are now stable

I can not find any news about "coinbase being hacked" so I think you have heard some random news somewhere and you are quoting an obstructed version of it!

the only thing that I can find through searching is that "steam community" not "steam" has lost 25BTC because of using bots that were hacked due to using coinbase and their bots were exploited that is all.

and I should emphasize that this has nothing to do with steam and them using bitpay to accept bitcoin this is a complete different story.

I heard that also and theirs article i read earlier( i forgot where do i read that) but i think it is just another hoax so it can create panic maybe their are bad people behind for that hoax spreading so they cam buy bitcoins at cheapet price if the price would really go down if they succeed, but we shouldn't take he issue seriously untill proofs are present to support the fact, so thats why we should stick to our god feel and believe unto bitcoins and price will pump for sure.

Time. It will take alot of time for bitcoin to reach amounts above 1k. Not much we can do about it since we are not major investors.
We have to wait till bitcoins infrastructure is finished and we get more users buying into bitcoin making the vaue go up and up.

Time is a very open-ended answer. If it takes 100 years for Bitcoin to reach $1000 most of us won't be interested.
The return on Bitcoin has to beat most other assets (given its riskiness) if it has to remain attractive to investors.

I am not sure what it is going to take but I am waiting a long time for the price to finally reach $1000. I thought that at the last rise we were going to reach it.
 I was wrong and the price only reach $800, pretty sour.

I'm not sure if there is receipe what takes Bitcoin to reach such high price again. Does anyone remember what were the circumstances that preconditioned last high price? Mass buying, selling, whales manipulations, hacking attacks on big exchangers all this can influence the price to go up and down but still users alone can't move price in desired direction.

That was the time before few weeks of halving when price touched $780 level and everyone was hoping that it will cross $1k at the time of halving but it didn't happen and the reality is that its never easy to touch that price and it will take a long time.

The original post was made on May of 2015. More than a year later Bitcoin is still under $1000. Not even the halving has made it rise above it. Some people have mentioned that the halving was the biggest chance for Bitcoin to reach and go over $1000. But it isn't so.

Now let us think of a new scenario and start over again from the beginning. What will it take for Bitcoin rise to $1000 and go beyond it?

It is definitely going to take some time before that price is reached. I think it is not a matter of how, but a matter of when. We don't know exactly when but the long term trend is still intact, and that is going up. Let's just wait a while and before we know it, the price will be in the four digit level already.

If bitcoin need be at 1000$ mark then it needs more users and to get more users we need to actively promote bitcoins to our friends and family. Everything takes time to grow, so we need to be patient. I got this idea of paying the software developers and programmers in bitcoins. All major IT companies and block chain companies  should make payments, at least some portion of the salary should be paid in bitcoin. This will help for the community to grow. I do not know how many companies would do that, but if they can we can see a huge growth in number of bitcoin users

I am not sure on what it is going to take but I can tell you that I have been waiting a long time for this to happen and I thought that it would happen at the previous rising.
It did not happen so I think that it has to happen the next time the Bitcoin is rising.

It has all to do with expectations that are way too high. Back in June of this year people seriously were thinking the price would reach $1000 this year. I must admit that at the peak it was looking like a possibility, but people simply overlooked the bubble that was created by the hype and speculation around the block halving. It had to burst, and it did.

It takes what it always takes for a price increase: The supply of bitcoin must decrease or the demand increase, or both together.
That could be reached with a growth of the bitcoin community. More people here who want to buy coins leads to both of the above.
Or a big investor enters bitcoin and buys. Then the supply decreases as well.

It would actually be really great if we could reach that limit in coming year, 2017, because there would be a massive adoption level increase in that year that is what i feel because it is already increasing and spreading in the world in terms of population and the more its population grows the more places would take interest in it and then the price will have a chance to grow.

I think that another scenario which can pump the price to $1,000 is when all people from other cryptocurrencies move to bitcoin.

We understand that people trade from bitcoin to altcoins and vice versa but what if they leave the altcoins and focus only on bitcoin/fiat exchange, by this the price could reach $1,000 easier.

For Bitcoin to reach 1000$, it needs improvements. Besides improvements, it needs more whales to invest in it and a low supply in my opinion. The improvement they need to implement for it to reach 1000$ I think is the transaction confirmation time since sometimes, it is slow and delayed. If it is lightning fast, it would attract more whales to invest in bitcoin and it will cause a price rise.

yeah true what you say that I'm sure the price of bitcoin sure to touch $ 1,000 back. I do not know when it happened, but look at the development of bitcoin is getting better again, I can ensure that the future certainly bitcoin prices will be more than $ 1,000 just wait

a hardfork and a bigger block size.

the math is quite easy.

metcalfes law suggests that the value of a network increases by a factor that relates to the number of active users squared.

More users means more transactions, so bigger block sizes are needed.

yeah i think it needs a lot of things that must be prepared for bitcoin prices could rise to $ 1,000 back, I do not want prices to rise quickly and fall very quickly as well, such as a few years ago, I would like bitcoin prices could stabilize in the $ 1000 price

It would really need  high  adoption on bitcoin  in able to  increase its price to $1k price point . Same as yours i dont like to see price of bitcoin rise  quickly because  the  intence of  falling  back is also there . Its better to  increase gradually  and  lets wait  for bitcoin to improve more in  the future. As long there are  bitcoin users  , this would surely improve more in the long run.

I do not think it so hard needed good upgrades but that it needs way more publicity and more people that are willing to work with it.
Only than we can reach such numbers.

Not only upgrades  but  more  on adoption and  more  people  would  tend to buy even more bitcoin and  with this  the  supply would  lessen and demand  would rise which means the  price of bitcoin would  definitely rise and  it would really need a high demand  in able  to reach it on $1000 mark but for now we would  hard to see that price for sure.

The current system is already good with bitcoin, it is the support of the people that will make the price go up like that, the demand should increase and since we are seeing big businesses that accepts bitcoin and big contributor is the gambling industry, they really make the price of bitcoin good.

yeah, with lacking investing,gambling seem the main market make bitcoin price go up

Yeah and I think the adoption is key here, price can go much higher in future if we find new investors and big companies that are willing to put their money in bitcoins, if that happens $1k price won't be hard to achieve.

Indeed, it wont be hard to achieve such  price if the  adoption would increase and  many big investors would tend to  put money into bitcoin and  for sure  price would  increase and as expected it would  still go down  when that  price  point because  all of those long  bitcoin  holders would definitely sold out their coins  espcially to those who  bought on $600 price mark.

A hard dump when the price reached $2,000 lol. People will start buying bitcoin and this will be trending like gold and bitcoin is spread everywhere and the price will gradually increase to $1k.

it is very simple. bitcoin will reach $1000 when. there is high supply for it and there are people willing to buy with this price. I hope we will see this price before 2017

in order bitcoin to reach that high, it needs a really high demand so in order to up the price we need a lot of people to use bitcoin, and the transaction rate need to be really high, the other way is through halving

No bro. In high supply we would not get the price rise. As per supply and demand in bitcoin then only price will move to high value and we need some good adoption with big MNC companies over the salary payment and business transaction via bitcoin will be make changes in btc value to high.

It will take either time or a lot of money. The bitcoin halving is designed to make the difficulty twice than it is every now and then. That will make the price of Bitcoin higher. Imagine if there is no halving and the difficulty is still low, then people can easily mine Bitcoins and that makes the amount of Bitcoins in circulation much higher. Making it less scarce and have less value.

A lot of money is needed to pump the price of Bitcoin. Millions or thousands of dollars is needed in order for Bitcoin to pump at that price. I guess you wouldn't be spending your time being in this forum if you have that much money.

In order for the demand to increase significantly, there has to be something for people to look forward to. Very recently that was exactly the case with the block halving. Right now people can look forward to the activation of Segwit. I however don't think it's enough to get the price to come close to $800 as it was back in June.

I think we need to spend some of our bitcoin to increase the demand of bitcoin because if we do not spend and just keep holding the cycle of bitcoin will slowly rotates and the demand will stack up since all of users has holding huge amount of bitcoin no one will demand for it.

Another Willy bot, I think? Btc price won't get to the thousands range with just organic growth. There needs to be an inside movement in the markets for it to reach that certain price point. If we are to talk about organic price movements for btc to reach thousands, it first needs to appeal to a large audience, and a large backing of merchant groups so that there would be stimulation in the economy.

Demands. That is what we need now. But with the recent events many have lost their BTC thanks to Bitfinex. Now we also lose some of the big investors that have been storing their bitcoin there. So where will the demands come now.

We need the regular demand for Bitcoin to go around to double of what it is now, less dumpers and more hoarders. If we can achieve this then it will be easy to even reach 2 or 3k but we need more and more regular users in Bitcoin to buy and save it or earn it that's for sure.

it was before it will be again, period.

I don't know what is the main reason of bitcoins price increase, maybe that is just happening when a lot of people are buying bitcoins.

Because the law of supply and demand is going to be applied here in bitcoins as well. But I don't think if that is the only reason for increasing its price.

Or maybe the whales are the one controlling the price of bitcoin.

Whales do really have  an  impact on bitcoins price since they are buying on huge volumes of bitcoin which could actually move  the price of bitcoin its either   rising or falling. $1000/btc would really need  huge adoption  in able to reach  this  price and  also lots of investors would intend  to switch and  buy bitcoin.

the main reason for price rises are always demand, and that can bring the price up and "keep it there". obviously there are whales and manipulations going on in every market but manipulated price will always drop, just like altcoin prices that go down after a pump.

Whales and price manipulation are a very big part of the Bitcoin value, and they won't be changing for a long time. I would expect whales and market manipulation to be one of the driving forces behind the value until we start to see large-scale adoption becoming a thing and more and more average people buying it, freeing us from a reliance on speculators.

We are going there already, we have seen a good growth of bitcoin and the price seems normal to me unlike before that it is a pure bubble. Although we are still small community now but with great adoption rate on a yearly basis we will grow substantially and achieve massive adoption that we are hoping to happen.

For bitcoin to reach 1k if will take quit a while still. I think we need it to be more known to reach this amount cause bitcoin is not known enough in my opinion.
Maybe if more shops accept it then more people will get to know it trough that aswell and then we can get to that value.

Probably nothing much is needed for that except the users beliefs and a few adopters with big users database which can lead it to that point, if quite a lot of people invest in bitcoin im sure it will reach that point but happening before 2017 does not look to be possible.

I am not sure what it is going to take for the Bitcoin to finally reach $1000. I have been waiting for a long time for this to happen.
I believe that this is going to to happen with in the year 2017 but I am not sure.

People do really think that that will happen i dont think the bitcoin can rise to that amount of dollars becuase that is to high people will make to many coins and that is not able off course.

People need to spend there Bitcoin so that the Bitcoin value can finally rise again but most people do not want to spend it because that is a waist.
There are waiting for the Bitcoin to rise again so that they can trade in some Bitcoin.

I do not now what it is going to take for the Bitcoin to reach $1000 but I think that it would help if more people would start spending there bitcoin.
If everybody is going to hold on to there bitcoin then the Bitcoin price is not going to rise and will stay stable.

I think that more people need to be spending some of there bitcoin because I think that the bitcoin is stable for so long because people are only saving.
If this goes own then the price is going to be stable for a much longer time.

This indeed but also the fact that it need more users is the fact because with more users it will come much further.
It has a great future and if it keeps growing and people keep buying it will go to a higher amount.

It will take another one month to reach 1000 dollars .as till now the price of bitcoins have reached upto 950 dollars and it will reach it in no time .

well price now is nearly 1000$, it just needs more people to buy

to me as i was sure that the price of bitcoin will cross the 1000 USD level before starting the 2017, but unfortunately we are about 40 USD behind form our target but still i can hope that in next 4 or 5 days the price will easily cross the psychological barrier of 1000 USD level.

Bitcoin price has almost reached $960. If there is increase in demand for bitcoins, surely, btc price would go much higher. Certainly, demand for bitcoins has increased much higher recently and main reason for it is demonitisation of high value currencies in india and it has made rich people to invest their money in bitcoins.I guess bitcoin price would cross $1200 by the end of jan 2017

Increased demand is coming from both investors seeking havens from capital market instability as well as big money seriously considering it under within the alternative investment assets class.

I think 1200 by the end of jan would be aiming a bit too high but at this rate, whatever we users are doing right now, btc may very well reach the 1k mark within the first week. It's possible that more people are already becoming aware of bitcoin and it's benefits and that's why demand is high especially last quarter of 2016

Can be true, i also feel that we will see bitcoin crossing 1k$ mark in January, 2017 and after that it might go up or down again we cannot be sure about that, but atleast some people will get a chance to sell some of their coins if they have been waiting for a price like this.

Well, we have our own opinion but I still believe we can reach the all time high and maybe surpass it later. It can happen this year, so we must watch out for that.

For sure spread of the word and better known of it from the people. This is happen to Chine and thanks God china is a big country. This made true your desire. Today bitcoin is a little much more than 1000 us dollar and hopefully will continue this way even for some or much more time.

The China is the biggest market for the bitcoin at the moment. If they use a lot, that is very good for the bitcoin price.

China is the biggest mining heaven in the word without any doubt but no one stopped anyone from investing this big in mining,they did that and they might reap the benefits later but i am not sure about their return of investment even with the current price of bitcoin. The price is bound to move further and if the Chinese invested then they know that the price would triple in future.

Bitcoin price is already above $1000!

Congratulations to all bitcoin users worldwide.Bitcoin is still strong and growing.

Let`s hope that the price won`t decrease again after some hack.

the problem is when they decide to dump the market
over 50% bitcoin mined and owned by chinese group
they can play with the market easily if they wish , so far they did it already i guess
that's what makes some people think that bitcoin is just an illusion.

So you think the price right now is being played by the chinese? Well i havent heard that 50% bitcoin mined by chinese people it is my first time to hear that well if it is really true i do agree that they could play with the price right now they could dump it ! Well if they are united and trying to play with the price but i think it is very rare to happen that they play the price of the bitcoin.

We are already there as more and more ordinary people come to buy and use bitcoin. I can see on Facebook now most of my friends want to own and earn bitcoin, where as two years ago I  was one of the only people on my FB profile who knew what bitcoin was lol.  :)

What did you do to encourage your friends to own bitcoin?

I will not sell, if there is money in the my bank I will buy bitcoin. I'm sure the price of $1.000 is still cheap because has now reached $1.060 but does not reduce for me to buying bitcoin. I am very sure the price will continue to rise, and it looks like this year is better than 2016.

yes i am also agree with you and i have the same strategy to me also the price of bitcoin has still a good potential to go more high and high and that is the reason that i am also still not going to still my bitcoins.

How about 8888 cny? :P

in b4 it hits.....
Check my guess later. :P

It will drop next years or next halvenings, using btc will become harder and harder as the time pass, so new currencies will start or increase in value

Your question has been already answered ,and.bitcoin hits your 1000$ prediction and heading toward the new ath..so now lets discuss what will it take bitvoin to reach the 2000$ this year.

The OP is still active as I checked, I guess he needs to update this thread. Maybe make it $10,000 because $2,000 is easy. We do not wan't to be updating thread every once in a while. lol.

Probably some people were not believe that it will be happen, but it is already happen. Now I will believe if someone said that bitcoin will reach 50k USD.

Lol. People will believe it depends on the time and situation it was posted . Lets say that back in starting days of bitcoin when the price is still $100 or even $10 . If you have posted "btc will reach $1000, Many people wont believe you but if you have posted on 2016 them many people will as long as its realistic then its believable . Of course if you have sensible proofs then it goes without saying

50K USD is a quite large amount, It might reach that amount as long as bitcoin continue existing .

Everyone know it already , chinese is the most bitcoin user / holder
I just not sure if they are play with it or not, it's just my speculation by the way
They are known as a global super power group not just in bitcoin only but in a lot of fields like global economy etc
Actually noone knows, we just can make a speculation based on some news around isn't it?

It's a large amount but it's possible, we see what the price of bitcoin has gone up, so with the way we are supporting it, that can be seen in the future. Maybe 10 to 20 years from now, that's my prediction of course.

to reach 50K USD need a long time but i think we need to see in short time because we live in todays and for 10 to 20 years, we only can make saving our bitcoin in cold wallet and make sure that no one will use until the days come.

last night before the price down under $1000, i see on the poloniex market, there are fast movement to get down, maybe there is many panic selling from the people so now the price is still in under $1000.

If many bitcoin holders do not sell but continue to uy more or Bitcoin is allowed to use as digital currency in payment.
it will rise up at once and it will hit 2,000$ after then, guy.

i think the price of bitcoin is not going down even next year or after next halving, it will continue increasing even in 2017 and 2018 also. i think there is still good opportunity to invest in bitcoin.

yes i also have the same feeling, i am also not gog to sell the bitcoin, and even going to buy more, because i also think that the price of bitcoin is is still going high and hope that this time the price of bitcoin is going to hit 1500 USD very easily.

In your situation, when everyone hold and wait for $2000 to sell, the price will drop dramatically after people start selling. Bitcoin is mostly viewed as investment asset, and people sell when they see their comfortable profit. But if more people will be using it as money, we will see more stable and bigger price.

If people will think with sense and they do not sell their bitcoins for fiat and will continue to support bitcoin for life time and start to use it as a form of another currency then it will not drop after reaching the price to that value.

Well, it has become very clear that the real problem is not to reach $1000; the real problem is to hold on to that price for a long time, so it is likely that we will continue to see this macabre game again and again until the next pump to $2,0000, or when the price falls on the floor.

If donald trump steps in on the white house

You heard it here first

Good guess on my part. *Pats own back*

Next peak in June - $1900-$2100 based on the ratios of the past rises.

Trumps can not make a huge impact on the bitcoin prices because I have heard that Trumps does not like the digital world at all. He does not even know how to send or receive email. He rather works with paper than spend time with his computer. China is obviously the main impact on the BItcoin prices. If the Chinese investors keep putting their money in Bitcoin, the prices will definitely rise

That is good to hear,lets just hope that it will be.Then it really has its impact already to the world and obviously it really hits up to the market and its popularly known and everybody getting interested and possibly trying to earned it.It was possible to happen,lets just continue to positive for us who already use it and earned from it.

It will take paypal to accept bitcoin for its price to reach more than 1000, it could go over 3k if paypal users learn to move their money to btc.  Sadly, it isn't going to happen anytime soon or it may never even happen. even if its just payoneer that will accept BTC, it will soon make its value higher because the moment people learn about it and that they can easily buy online with fiat, people will be buying BTCs.

Well, I guess when Bitcoin reach 1000$ this calls for a celebration to all bitcoin enthusiast, which means many of the advertising companies will get connect into bitcoin and they will apply the basic concept of bitcoins together with it features. It will increase the price value too or more once its happen.

I think for bitcoin to reach $1000 AND STAY there will require some major event. It would have to be something like some positive/lenient laws passed regarding bitcoin or some adoption by a well-known commercial entity, for example in the way Steam adopted Bitcoin a while ago. Dark markets are never going to increas the price substantially and quickly.

I don't count the current price for bitcoin as so bad. Well, of course for me, a girl who living only with bitcoin's earnings, would be better if the price for bitcoin will cross the point of 1000+$, but I think today bitcoin is kinda chilling after this big suddenly fall in the beginning of the month. Bitcoin jumps around 900$ for some days already. This situation remains me September of 2016, when after big fall after Bitfinex hacking, the price seemed frozen on the price around 600$ for month. And then continued to grow. I think now it's happening something similar and after some moment bitcoin will continue to grow.

This phase is called consolidation

But it doesn't mean that the price will necessarily grow. It will grow of course, but likely not as soon as we all hope for. After all, we are still almost 150 dollars higher than we were in early December, so I wouldn't completely write off a possibility of going down to that baseline level. After all, the Bitfinex hack only momentarily affected the price in early August (maybe, for a week or two). The price was already on the steep decline after the fog of hype and hysteria associated with the July halving had cleared away. But this time around there was no halving, only reckless pump and breakneck dump

If your main income is bitcoin then you must be aware that in case of price increase your potential wage is going to decrease, you will effectively receive less BTC.
We are now in interesting period, right after Chinese leverage trading was disrupted and their fake volume is gone. China will need to learn how to trade with real bitcoin.
It might take a while, but when it finally happens we will have more stable price and less volatile market.

Yes, I am agree that bitcoin doesn't want to continue fast grow so soon, but surly it will continue to add it's price. I expect to see such situation with bitcoin as now for couple more weeks. I really don't understand why people are crying cause of the price for bitcoin. 900$ is really good price, much higher that we saw the last six months before the new year. To me this price is ok.

He will get less bitcoin only if he gets a reduction in the amount of bitcoin he is given, which is very likely and similar to what signature campaign do when there is a rise in price, if he is given the same amount than before then he is going to get a raise thanks to bitcoin reevaluation.

Before BTC reach 1000$ again, it might take some time and of course demand needed for it to go up to the 1000$ ranges again. Also, it might take another halving again for bitcoin to reach 1000$ just in case there wont be another event where bitcoin will be needed. Let's just wait and see since I know that someday bitcoin's price will be above 1000$ or more.

Obviously the supply and demand law. If the supply us nearly breathing or many users buy bitcoin people adopting it the bitcoin price will surely reach the pick price of it because the supply will lessen extremely so the price will go up and up and if many user sell the bitcoin or stakeholder sell the bitcoin the price will dump that ut is how it works so for the bigtime and bitcoin millionaire they can control the market price easily but so far I think there's no one for now. Soif people invest we are lucky for the price to go up.

Those not fake volume on China market trading as the price still rise more than $1100, but some whales want to take advantage from it. They, who maybe pump bitcoin in the first place as the price rally seems too hurry, I just assume that as manipulation in order to get profits, but there's no evidence of who are did it. Bitcoin will reach $1000 again obviously and all we need is more real adapters, not some investors which cash out again if the price increase.

I think most of the whales are the team in the trading site i do not if what site actually are the whales because they know what will be happen people can be panic sell since $1100 is a new 2013 price pump and i think we will nearly stay long in $1100 if we touch again in that level.. after we touch again that price make sure you have ready bitcoin just to sell your few bitcoin not all just partial and the rest sell it if the price continue to increase..

when people will more go on buying bitcoins but not selling them to some extend .selling all of them to a extend would lead to a drop in a price and this would not help to reach the goal.

Thats right. I agree with you, but there are some factor that more infuence that bring more impact. Mass adoption and halving make the price of bitcoin rise very significant.

Less supply and high demand of bitcoin in the market will take bitcoin to reach 1000$, and one thing more investers are also play important role in increment of bitcoin's price as they invested their money in bitcoin and more people gain interest and trust and they also invest their money, this will make bitcoin unique in the market and will  increase their price due to high demand.

I guess, to reach again thousand dollars ($1000) like what happened last first week of the year is, more demand of bitcoin in market, more big whale to stock their money on their wallets, it takes another halving to reach this up again if there is no big event that bitcoin is needed.
And for sure this 2017 , is good year to bitcoin because of many users or new users that truly adopt  bitcoin for their lives, thru this new users many will buy bitcoin to use for their investment or to buy something so therefore the law of supply and demand truly affects the price of bitcoin.

I agree. Therefore, we should advertise bitcoin more widely in the real world so that more and more people will spend their money on Bitcoin. In general, most of the countries do not know what Bitcoin is and it has affected Bitcoin a lot. Anyhow, the China still one of the best bitcoin supported at the moment. I hope that they will keep putting their money in Bitcoin so that the prices will easily cross over $2000

We need to get populated. Bitcoin users are the ones who are making waves of its price. When we use it, we buy and different transactions that we do. If we can just make other people see to how good it is then we reach the number that you mentioned.

$1000 is right around the corner, this time with a real solid rise accompanies by a strong buy support, although it may take a short time for the traders and whales accumulate again why they sold at the top.
and whenever you see a silent market and then some users around here start crying about price and say it will fall it shows their desperation and a rise in the future :)

We can actually let them see that bitcoin has a price of that. I actually did it to my friends. But making the price of bitcoin to $1,000 is the job that we need to take charge by simply keeping the economy alive by purchasing bitcoins. And the most who are contributing with the price increase are the whales who are actually responsible for it.

I totally agree with you, like if Amazon and Aliexpress come out to say they would be accepting Bitcoin directly from their users, this will be great for the price, because the amount of trade on both online stores would sustain the price above $1000 for a long time.

Hahah. Now we see such predictions were wrong, because bitcoin reached $1000 and I think nothing special happened which could help it do so (like it was the previous time as people say). It just means more people became aware of bitcoin and more people started believing in it. What will it take for btc to reach $2k is a question now.

At this point the question should be - What will it take to finally settle above the $1000 level, where after that the focus can be pointed at reaching $2000 somewhere in the coming years. Perhaps that the actions put to work by the PBOC could make the price go up in a much more sustainable manner, now creating massive pumps and dumps will turn out to be a costly move. Instead of blindly pumping and dumping done by whales, every move needs to be calculated precisely at this pint. If they make a wrong move, it may cost them significant amounts of money/coins. That's why I don't understand that some people see the actions put to work by the PBOC as a bad thing. It's the best thing that happened to Bitcoin in years.

For me, we have seen $1000 mark and we be even seen beyond but the issue is we are not even sure if we did anything to that effect. And now the price is hovering around late 800 nd early 900 and we are still here yet we didn't do shit. The money bags are the ones that will make it happen and governments is also trying by making every moves to discourage it, someone who has not heard about it will want to give it a try. We just sit back and let those factors determine the price of bitcoin.

$2k may take some time but $1k is not a big deal as it already crossed $1k in the beginning of January and if it keeps on getting support from the people then it will surely cross $1k in next coming weeks as more and more people are showing their interest in bitcoins and are willing to invest their money into it.

A pump of ~80 USD can be done within a day so it is just needed for the pumpers to pump and it can be done within one day.

But if this will happen in January it is a question mark, but I think that if bitcoin gets pumped that would be in the February and I think people will invest more as they have less expenses (3 days less than January) and there is some rooms to invest in cryptocurrencies.

We do not know that everything in bitcoin can be possible since the jump $1k can be than in one day or few hours..
Just like before.. we have still 3 days to go to see if the price will stay at this level or it will jump above $1k,
Hoping that more people or investors will invest this coming february for new projects..

Lately what I've been thinking more about than the $1k that we've all seen by now is that the price plateaus (be it $1k, $10k or $100k) are really not as important as the fact that the idea of cryptographically secure peer to peer networks really has slowly begun to establish itself within modern societies.

We are close to that mark, finally it seems we are close to reach a stable 1000 mark, I think we are going to see it in this year  and I agree with you I think this is the calm before the storm, I think we are going to see a huge pump in this year and surpass the maximum historical price of bitcoin.

If there had not been so much FUD we would probably still be in the $ 1000 range, but it would be difficult to stay stable at such levels, since the price had gone up at a very fast rate. I think that now that the price has risen more gradually it will be more difficult for such sharp falls to happen again, at least not to the eight hundred dollars range, I suppose.

Limited supplies true it can increase bitcoin price but I think that you mean more pupils will want buy bitcoins I agree I like bitcoin and it will grow really much :D

Undoubtedly this thread lost is validity at meeting the expectations at the beginnings of this year, with the possibility of maintaining a stable price at that level in the coming weeks. It would not be a bad idea to close these threads when they lose their validity and only serve to accumulate easy posts for signature campaigns.

yes still we are not too far from 1000 USD level. although we cross the level in previous days but after that people start selling which cause the price fell down again. i think a strong support of the people can let the price to cross 1000 USD level again.

If there are some great news will come it can push the price high but if we heard something that can be bad for bitcoin it can push to down.. but i think according to the price last year the movement will be crash more soon so better to always monitor the price and set alarm when the price is getting low before its late.. due to panic sell..

$1000 can be achieved in next month again if we see the adoption going higher and if people continue to buy then it will definitely take the demand of bitcoins to a higher level which will help in taking price higher and I totally believe that bitcoin will touch that price sooner and we don't have to wait for a long time.

I think we're getting there again right now. The price of bitcoin is pretty consistent at around 940+ i think? Which is a very good sign. Im hoping btc would reach around 1.2k up until march and im saving my btcs now for that

This is an old post but we have seen Bitcoin reach the 1000$, 1100$ to be exact, this 2017 but it only lasted for a few days. We can say that Bitcoin holders push its price to 1100$ and there comes a panic selling that's why it got back down below 1000$ . It all goes down to demand by having more demand we can see that Bitcoin can have a stable price above 1000$

It is true indeed that for bitcoin to increase its price to reach One Thousand Dollars Each is through an increase of users or demand. For it to happen we need to promote bitcoin, without the community promoting bitcoin usage to the masses the demand will not increase and the price will not climb up  fast. Without any effort from the community we will just wait for the natural movement of bitcoin until it reaches finally to 1k$ but that will take longer.

this time, I do not need a long time again until bitcoin prices stable at the price of $ 1,000. just less than $ 90, up bitcoin able to achieve price stretcher. maybe in a few weeks, or a month, we can look back bitcoin prices are high.

I do not think you're going to go for 1,000$  right now, and there's a downward bend. In this direction, when too many people fall down, they will start buying again.

There may be a decline in February. But I do not think you're going to go down the level right now. If the level is as low as $ 1000, it's hard to predict, but at the end of the year it could go up to the right.

Downward bend? I am sure you are doing exactly what a lot other people are doing, and that's looking at small time frame charts. Open up up a 6 month chart, where you start looking at the price in August 2016, and draw a line to the levels where we are are sitting at right now. You'll see that we are going up in a nice and steady manner. Just don't put any value in looking at the short term peaks and dumps that you see. They will give you a wrong view of how the market has been performing.

Exactly, demands of bitcoin really matters on how value of it increases. So like what happened in the opening of the year, the bitcoin reaches thousand because many people bought and hold bitcoin at that moment and one more is the increase of users of bitcoin, the adaptation too.

How we can make supply of bitcoin is less if the mining is always doing by many peoples ? Bitcoin volume is around 21 million bitcoin but for now more half of it was circulated. So i think the supply of bitcoin in the market is equal with demand bitcoin.

Recently, there’s a decrease in the trading volume that goes into exchanges in China, mainly due to the investigation done by their central bank. This might be part of the reason why the price is still unstable right now. Also, the battle between exchanges that offer no-fee versus those who charge has led to more liquidity because smaller exchanges can now compete with the bigger ones. As soon as these things normalize and policies are set into place, we might not see the price touch $1000 in the next few months.

Even if half of the Bitcoin is mined already do you think it will have a high demand if all of it is circulated? Have you think of the possibility that a lot of that quantity is being hoarded by Bitcoin users? Of course there are users that hoard Bitcoin because they are waiting for its price to increase before they dump massively again.

Yeah like happen last time Bitcoin price is growing fast that time but they are some panic sellers sell their Bitcoin as result the Bitcoin price down by 10 percent of it.I hope it will not happen again.

We don’t necessarily need good news for bitcoin, the world right now is in a very difficult position, with big debt unemployment and political crisis so as long as that continues then bitcoin as an asset independent of all of that will grow in value.

I think this is going to depend on adoption, and this may increase when new tools are developed to make Bitcoin easier to use. If projects such as MegaUpload 2.0 and Bitcache are actually delivered this year, this may attract a large number of people interested in Bitcoin, and with an increase in demand, we will certainly see positive results in price.

Seeing on the current price of bitcoin on preev.com its already on $950+ price mark which means we are almost hitting again the $1k price which have been dump down previously and now its start to cling up again.This price is reachable anytime as long the adoption process is going on and we cant really stop it.

Here we go again, just like in the first week of January 2017 when we reach the $1,000, the start of February 2017 is great since we can see the value is rising again. We will probably gonna reach to that level this month alone and I am so excited to see it. My patience is worth because I never sell my bitcoins waiting for this event to come back again.

the price seem to often to up and down for today and i think its good for us to follow the price and make profit before the price is reach $1000. i think we need more time to reach $1000 and i am sure we can reach it again like in first week of january 2017 even we can reach more than that.

Yes its possible to reach that amount or even more than $1000. so if you have save btc in your wallet when the price is still low, now is the chance to earn from it just monitor the price.

not this time they won't. or at least i can tell you that the possibility of a big sale and coming below $1000 is very low now.

it is pretty simple. bitcoin price is rising and it has been rising over the past 8 years. the only difference is that it had some pumps, at least 2 major ones and after them there were corrections making things slow down.

also people who sell like crazy are weak hands who always gets flushed fast and this time they are out of the market and bottom is $900 and after accumulation by the whales we are rising. they weak hands will join in around $980 and $1000+ and after a rise to $1050+ they get flushed out again and new bottom (possibly around $1000) will shape up.

You are doing a good job then if you are still holding off your bitcoin and you do really have a strong patience regarding on this.$1k price would really be reachable soon and just a little bit more and we would able to see this price again.All bitcoin users are expecting and excited to see this price range.

I will say it will take just a couple of days only and we are very expectant due to the huge pump yesterday and hopefully today and the subsequent days ahead of us. It'd good news and we should all be proud to own Bitcoin.

You should look at the facts before, when price reaches bitcoin over $1000 it does take a long time, and your predictions in the early February will decline it's wrong, but the price is bitcoin's getting close and back to $1000 and it should not require the end of the year. in my opinion the end of the years bitcoin can reach over $2000. even, I expect the price could go to $10.000 as written in this article https://cointelegraph.com/news/bitcoin-price-will-reach-10000-might-take-another-year-tim-draper

I guess what happening right now is the total opposite of what you are saying. As of today Bitcoin is price at 993$ this Feb 02, 2017 which is 7$ less to be 1000$. That price is good compared to last weeks 850$ price or even in the first week of January when the panic selling started. My views are positive this January because it is highly unlikely that there will be another panic selling happening this month.

Yes, Bitcoin has given birth to many Tech Astrologers!  ;D
I am really unable to understand how they can read the mind of all Bitcoin users and predict general trend! That is the reason, they are 90% wrong! Not me, nor anyone else can predict future of Bitcoin price!

Bitcoin is product of Perfect Competition Market. The share of single buyer and seller is so neglible that he cannot influence price. Price is determined by market forces in general. And price will only alter on large scale shifts like 'panic selling'

Looks like we are going to hit 1000$ again :)  This time we may stay above that for a while.  I don't see why not.  Expectation of price increase means people will hodl and the usual buying will slowly increase prices as it will be larger than the selling pressure over a long period.  I could be wrong, but I dont see bitcoin going anywhere but up in the long run.  Of course, its -30% here, +30% there...

That's just a speculation, but not impossible if it's will happens in the future with the current price movement and the "little good news" about bitcoin spike bitcoin price up.
It's has been reached $1k now, In same day I see the news about bitcoin price rise $1k in China and korea, also current news about WU shares drop in mexico and bitcoin the solutions for them. It's not really big news but the effect good for bitcoin.

Game is simple if bitcoin will break all time high at 1200$ will goes to 1800$-2200$ for today trading is stable
and biggest fear that China will ban bitcoin has gone.Bitcoin price rise will be supported by news from USA and Europe. Trade war between USA and China may put bitcoin on high

The supply of bitcoin keeps increasing that is true but the supply available to buy is getting smaller, most coins have been mined already, whales don't sell their coins, and many coins are lost so the amount of bitcoin up to sell is getting lower.

As at today the 2 February 2017 bitcoin is trading over $1000 and to me that is a good news. Trading experts are oready predicating that bitcoin is going to trade over $2000 before the end of this year. Both fundamental and technical analyst are predicting positive outlook for bitcoin and other major cryptocurrencies for the first quarter of the year.

I just checked on it a few mins ago its @ 1001.19 USD wish i would have waited a few more day before selling my BTC. Now i hope it will go back down. I figured with blockchain being so slow recently that the price would be dropping again. I don't think it will be stable at 1k tho.

Yeah I have also checked it and I confirmed that it is over $1000 as of now but the question is how long will it stay like that . It reach $1100+ in the first week of January and got lower entually . The difference is on what they go through to become $1000 . The first week of Jan has a smooth road I say that as the days pass by it just keep increasing and on the other hand the current one has a lot of ups and down which is quite long compared to the other one so this price might be longer than expected .

At the moment it will take a drop in price of $0.38.  :)

I remember when in 2011 gold started to surge on the quantitative easing juice, the financial experts and analysts had been as well predicting that the price of gold would soon reach 3,000 dollars per ounce (or something to that tune). Some claimed even more. It looked like these dudes competed with each other as to who would claim a higher price and not blink at that. But it all ended with a severe crash in gold prices...

And today gold lost third of its former shine (dollar-wise)

BTC=1000$ I guess a lot of us are happy today héhé. At least i am ;D. Time to sell a bit for me. I renewed a domain last week before the final date and finally i am happy... It seems to me this jump is not suddenly like the one at the beginning of January. This say, I hope it can stay at $1000 or more, a little longer than 2 days this time. GO Bitcoin !

seems like the game already on again after a 'dead price' phase in the last few weeks.
the market now on fire back to volatile and really interesting to watch.
for the reason why the price now increased back from $850 to over $1,000 i personally not sure if it was big holder game?

So interesting this post was posted nearly 1.5 years ago and today 1 bitcoin = 1000 dollar exactly.
-What happened today?
-Nothing
Just a regular day like other days. But if tomorrow bitcoin rise to the 2000 dollar.

-What is going to happen?
-Nothing
We will just make a good profit that is all.

The least we can do is to continue supporting bitcoin and wait for the right time for bitcoin to grow, we already got what we have been waiting and it's back after a big fallback last January. Let's treasure this moment and if you can sell for a profit then let's do it, it's good to experience cashing out with this big price we are witnessing.

We did already reach the $1k price now which is really great and OP assumptions is already happened which means bitcoin does really increase its value in longer years to come.As long the adoption is on the move it will surely go that way no matter what thats why im glad that i know about bitcoin on earlier times.

Are you sure with your opinion dude ? I think You should be more conscientious  in observing the circumstance. Because the price of bitcoin go up has some reason. One of the reason is that more and more people are buying bitcoin especially with huge amount greater than the total supply available on the market

Well it has already reaches 1000$ as for now.
But yeah I guess there are a few reasons which will help it reach 1000$ easily.
First if china government doesn't interfere and tell it's people that it is risky as last time they issued a warning that bitcoin is risky the price fell from 1100$ to 800$.
Second reason awareness.  As day by day bitcoin keeps getting more famous daily due to this reason it can be easy for bitcoin to touch 1000$.

Now it will take a drop in prices of about 16.19$. We are back to over $1000 again and hopefully we will keep surging forward just like the beginning of the year.

If you are a bitcoin/dollar trader you are right. Sell at the high price and buy at the low price can be very profitable in this situation. But I don't think most of the bitcoin investor can be trade actively. I have many friends, they only buy bitcoin and just wait. They don't care about the rising or the falling price

It is already $1000 plus and so this thread seems irrelevant at the moment. Bitcoin keeps surging upward and I'm pretty sure this time it will stay up there beyond the 1000$ mark unlike early this year.

I hope that to happen but many holder are anticipating to cash out after the ATH.  Remember we cannot control people and their target price.  I  hope after if incase Bitcoin reach the new ATH, it can withstand the dump from these people cashing out.  It might take longer to reach $2000 and be stable or make it a new floor.

Never really thought of this scenario because haven't seen this happening in such a short amount of time like it just did to reach this pinnacle.
If people will be selling when it reaches $1152 all at the same time that will definitely cause an extreme decline in price as with any other stock that is selling and trading on the market. Bitcoin should be no different in this scenario either.

Now that bitcoin has reached $1000 it will be a good idea for people to hold on to their btc to maintain the price
 or we can just buy more btc  to push price even higher

If China had the power to compromise the operation of the network, I think they would have already done it. They know that without points of centralization it becomes difficult to stop the currency, so I suppose the best thing they could do is not try to interfere with Bitcoin's progress, since that would only bring more media coverage, and more people would be aware of the existence of the currency.

This topic should retire and change the title since bitcoin has reached the One Thousand Dollars value per coin. This topic should be changed to "What will it take for btc to reach two thousand dollar value?". Im glad that bitcoin has really come back to 1000$ value in just a few weeks I am looking for another increase in value and I do hope it will reach 2000 $ value by march.

Exactly, people will be amaze on how this technology so valuable that it reach to the price of $1,000. When they learn that, they will become curious and possibly they will do additional research and I am pretty sure they will be convince with the information they might read in the internet. Users of bitcoin are very optimistic, therefore it is expected the most feedback about bitcoin are positive.

holding bitcoin even at this stage is a good idea. i did not sold my bitcoin when the price cross 1150 in previous day and still not going to sell my bitcoin even if the price of bitcoin will cross 1200 USD level. because i am still pretty confident that this time the price of bitcoin is going to cross every 1600 use level very soon, so i am not going to sell my bitcoin in next moth or two.

2000 seems like a lot especially if the prediction is for this year I think the first thing that could justify that prediction for bitcoin price is to surpass the maximum historical price of bitcoin relatively soon, that could create a lot of confidence on the investors.

I also decided to hold in the last time the price crossed the thousand dollar range, a few weeks ago. The price fell next, but the recovery came weeks later, and now I think there is a higher level of support in the market. The Bitcoin chart is very bullish, and in my opinion the best thing to do now is to be patient and hold on.

Well what you said did make sense. And if you see the price is controlled by the Chinese. But about media coverage I don't think it will affect the price much. Because I think the investors in china don't have any background knowledge of bitcoin as we saw last time when their government wanted to reduce the price they made a warning and of course without thinking anything they started selling bitcoins and the price reduced. If the government makes another sort of warning this time and the Chinese again start selling then I'm 100% sure they have no knowledge about bitcoin.

The price of the bitcoin increase only when there is a huge demand for bitcoin. It means when people need bitcoin directly they will go to the exchange and they can buy it from there. So if people are holding bitcoin automatically the value of bitcoin will increase.

I think that even if china has the hash power for the bitcoin people always relate any change of the bitcoin price to it and that is completely wrong, the price of the bitcoin changes according to the demand and we who are holding the bitcoin if we keep on holding the price keeps going up and that is how the price can reach $1000.

Well of course you are absolutely right that the price changes because of demand. But you are also wrong when you say that china doesn't control the price. Here's a proof:
Remember recently bitcoin reached 1100$+ and then suddenly fell to 700$ or something. The reason for this is because people in china started selling all their bitcoins. Now it is weird why would so many people start selling their bitcoins suddenly right. The reason is the central bank of china issued a note bitcoin is a risky investment. So you still think that the price isn't controlled by china.

In fact, the price had started to crash before the PBOC launched their attack against major Chinese exchanges. When this event happened the price had already been hanging around 900 dollars per coin (i.e. it went down almost 250 dollars). After that it went down to 750 but it quickly rebounded. Maybe, they were too late to the party and the crash occurred prematurely, not as they had planned, but it was an excellent opportunity to buy coins at relatively "low" prices...

I remember someone in early December complained that 800 dollars was too high a price to buy in

Bitcoin depends from markets and Chinese market is the biggest for today for bitcoin. So everything that happens on this market has some effect on bitcoin and it's price.

Nothing wrong with that strategy it seems you are waiting for bitcoin to grow big before you sell, but if you had sold at the top and then bought again at 850 you could have made some nice profits and could be looking at even bigger profits right now.

Price is moving in a upward direction and it is predicted that price will be even higher in next couple of months so in that case its good to hold coins but if you bought bitcoins at lower price in the past then it would be smart to sell some of them to accumulate good profits and rest keep for the future hoping that price will be even higher by then.

One way to increase the value of Bitcoin against the USD continued to detain her if people keep hold of Bitcoin and not sell it is therefore possible if Bitcoin meal continues to rise even today all Bitcoin has reached more than $ 1,000

The better question is what will it take for BTC to maintain a stable and constant price that grows at a moderate rate, say 8% per year.

Or

What would happen if a bitcoin early adapter whale comes along, and sells off 1,000,000 bitcoins. Obviously exchanges put limits of buying/selling to prevent this. But if it happened is there enough interest in bitcoin for the price to not plummet and only decrease slightly

To have it become stable at its price, people or users must accept the demand and not always go on panic selling mode every time Bitcoin hovers 1000$ people should always go with the flow and don't think negative and then sell of. Also to add what you have said about the 1,000,000 BTC sell. People will clearly see that it is only one seller and know one will accept it at that price point it will just be a massive barrier in that price point.

Nobody's dumb enough to sell 1 million BTC in one batch after holding it for years. It's pretty clear that it creates price barrier and everybody would undercut him. Better strategy would be selling for example 20 BTC per week and on different exchanges. Not suspicious at all, making more than enough money for living and rest of his bitcoins would still increase on value considering price would go up.

i think people are now becoming more mature and they are not even selling their bitcoin at panic selling. in previous we have a good example when the price of bitcoin dropped from 1150 $ to a low level of 750 $ and there the market find a good support actually people were not welling to continue selling bitcoin any more and after that the market recover its position very soon.

Yea you are right. Many people buy end never sell again until they need money. This is a good strategy and very easy way to earn more dollars. But you can also to try to trade a little bit. You can sell, wait for a while and buy at lower price. This is not always easy but you can increase your profit.

This is not at all a practical strategy .If you are a good trader you will book your profits when ever you can and enter at a later date and with the high volatile nature of bitcoin you will get plenty of time to enter and exit and make a good amount of profit and since the price touched back the $1000 barrier i assume that the price will sustain over 1k for some time.

current price looks will continue to rise, probably one of the main causes is the Chinese new year. We all know that largest owners of the bitcoin is the China, when they sold when Chinese new year needs hence it costs down, and now they are starting to buy more so much will bitcoin continues to rise. I'm sure the price of $1.500 will be easily accomplished in 3 months.

Your saying is not on any based proof, this is just some speculation because we never know about bitcoin price in the future. This bitcoin price until now is still volatile so we can't predict on anything, just based on some speculation can't be a solid proof that bitcoin price will rise in the future

Still you are finding some other reason which is related to China again for bitcoin's recent price upsurge.
But this time bitcoin showed very slow and steady appreciation which was answering many experts who are all doubting about bitcoin's potential and its pump scenarios.

I am also hoping bitcoin will sustain above $1000 in upcoming days for the leap toward $2000 price levels.

I think it is always a good idea, that if you can sell for a profit, you sell part of your holding in bitcoin to materialize your profits, because if you keep holding bitcoin when there is a price increase then you could say you got profits but they are not going to materialize until you sell.

I was under the impression that in the coming days the price would return to the levels achieved earlier in the year, but it seems that the PBOC-related FUD is again interfering with the market. I hope it does not take long for people to realize that this does not compromise Bitcoin's use, even though it is an obstacle to some exchanges.

That is true and it's been the problem of many people, all they know is to buy and keep the bitcoins in wallets as in an investment but I prefer to trade it off for profits and buy again when the prices reduces. I think that's the way to go

How do you all feel now at a price over 7,000$?

They are feeling defeated this happens every time when bitcoin falls 1k. Some people will tell oh bitcoin will fall to 1k, but instead they don't know that bitcoin is the main coin.

People are trusting this coin with their heart me too. I have seen the potential even experts are saying that this is a monster. So you deny this also ? LOL

I agree with you i recommend to everyone to start trading because it can give you even more profit than just BTC itself although i find it very hard to understand which altcoin to trust and which not but because of the list i made i can easily know.

It will take long time for that because we know that its price is fluctuating so we can't be sure whether it will pump or dump. But we knew that when it dumps after few days it will gradually pump.

For it to lose 90% of its value from here, it would take a large event to drive fear into he markets. Dumping of the Satoshi wallets would do it. Perhaps negative legislation/taxation from the US. A critical bug or issue with the cryptography. The big five mining pools pull a 51% attack. All pretty low probability situations but no doubt there's plenty that could happen which is beyond preconception.

Bitcoin already reached $10,000 in some exchange and for me the reason why bitcoin reached that far its because of the fork that is going to happen in the next month. And of course bitcoin is very popular now I can see a lot of insights about bitcoin all over facebook and twitter so people are already aware about this and they want to own bitcoin too so the more people buy bitcoin the more the price will go up.

When more power will find bitcoin as a better option for transaction rather than fiat , that is also the time bitcoin price will experience increased and growth. Becasue I agree to your point that  having a fork or new process of bitcoin transaction for a better option could bring a big impact to the sudden changes of stock and demand un bitcoin in terms of transactions and investments. Where it could finally bring a bug changes or increased on bitcoin price.

In my opinion for example when Amazon or any other bigger company will accept for example Ripple or Etherum, then everyone will see where is the real value of coin. Also 1000k by the banning in some countries. But 1000$ comapring to current 10 000$ is a huge different, i think that max about 5 k and not lower will eventually drop.

Oh, I see. Trading is really the best means to get your BTC to $1000. It's good to know that BTC proffers long term resources in comparison to other cryptocurrencies.

This thread has been here for quite some time now though it's fun reading through previous posts about forecasts of what's going to happen to btc now that we're here. The 11k barrier has just been broken and i don't think btc is giving any signs of slowing down

As of today the value of bitcoins have surpassed $10000 and I just happen to see this thread right now about the value of bitcoins  and $1000 again there is no chance for thinking of $1000 and bitcoins as there is more and more demand for bitcoins which is due to increased number of bitcoin user's world wide, there is still chances for bitcoins to surpass above $40000 within a year or so. This bitcoin network is a trillion dollar market and this can help to increase your investments within a blink of an eye as we can see the value increases within seconds.

Yeah value is now above 10k and investor around the globe are happy because their patience pay off and the coin has stepped into the five figures and now the journey to the highness is started and you are right now one after another milestone will be achieved by the bitcoin and this thing will be much fascinating for the bitcoin investor that they trusted the right coin and it will take them to the highest level of richness.

I just seen these post right know and actually I've seen the thread is old , the thread date is 2015 , and it said that what it will takes for btc to reach 10k , Im kind of laughing right know because , as we see some us just predicted it. And now welcome the price of the bitcoin , just like you said it surpassed 10k dollars , and still growing and increasing. Still bitcoin suprising us. And as of today its still increasing , congrats to the investors I think.

Consider the price, now it has crossed the $12000 mark which is expected to happen soon after the price reaching $11000. With the current growth altcoins show decrease in value when calculated in terms of bitcoin. Altcoins might take time to show positive growth in a large scale, and the same won't let the price reach $1000 anymore.

This bitcoin network is a trillion dollar market and this can help to increase your investments within a blink of an eye as we can see the value increases within seconds based proof, this is just some speculation because we never know about bitcoin price in the future.

We made it

It is interesting to periodically read old topics about the possible price of Bitcoin from the perspective of 2015. Billy Hlapinnio then doubted that the price of Bitcoin would even reach one thousand dollars. This is probably why he has not been a participant in this forum since May 2015. And it turned out that it was in vain. Everyone who believed in the power of Bitcoin and cryptocurrency in general has now made a good fortune.