Bitcoin Forum

Continuation of the thread title:

... the next block reward halving? from 25 BTC to 12.5 BTC.


Or a modified question:

Do you really think the bitcoin price (not value) will jump again to 1000 dollars (without any manipulation)? and will you buy 1 bitcoin for 1000 USD?

Yes it will happen unless something else which is the same comes along and takes it place.  Whatever that is will have to be decentralized though else the current bitcoin community will stick with bitcoin.  The community and smart minds who support bitcoin keep bitcoin coming back stronger.

Also $1k isnt very high, some clever people think way higher....https://www.youtube.com/watch?v=AvevkBg6ZU4

When it reaches 1k again I will buy 1 bitcoin for $1000 to celebrate.

Wait if bitcoin will be mainstream (so used by a lot of person) I think the price wil go down, because a lot of people will start to use and keep always bitcoin instead to convert it for FIAT currencies...


I think something it will happen after (but also few days before) the next block reward halving but sincerely not 1'000 dollars per bitcoin (most probable around 500 dollars).

If it does get back there again it'll have to be for a far more convincing reason this time around. Considering the developments that are arriving thick and fast, it becomes more possible by the day.

Would I buy at $1000? Yes, but only replacing what I'm spending. I have enough coins.

Fantastic, but remember if you want that the price remains around 1000 dollars a lot of people should continue to buy ;). However I like your optimism, but I think only the speculation will bring again bitcoin more high than now (or it will be destroyed/dumped to 10 dollars).

It seems the 'actual developments' will not bring bitcoin to 1k dollars, in these months we have talked only about the "hard fork" of the blockSize - named "Gavin fork". So I sincerely think the bitcoin itself will not sustain itself, and we need again the willy bot http://techforum.it/styles/default/xenforo/smilies/asd.gif (sarcasm).

I was referring more to ecosystem developments, but they do go hand in hand with improved technical functioning which is indeed pretty stale. There's no point in building all this awesome stuff if only a tiny number of people can actually use Bitcoin itself.

Exactly, but if a lot of people will start to think bitcoin is better than actual economic system why should they convert (or change) BTC for FIAT currencies? I would like to edit and fix my previous post, maybe they will only start to buy a lot of bitcoin to use them directly and that thing can 'pump' the price. But as always, it need an external sort of manipulation and the developments will not cause the rise of the price.

Why do you think the price will go down if more people are keeping and using their BTC?  That doesn't make any sense to me. 

Fixed in the above post, you are right .. for one moment I thought the contrary.

If it goes mainstream and people are converting in and out of bitcoin to fiat all day long the market cap will have to be huge to take the transactions.  Way above $10k even is whats been suggested before.  Make sure you hodling some long long term.

It is very possible, I can't think of a reason why it shouldn't go over $1000 with high demand and great news after 2016.

The only thing I hope for is that merchants at some point will keep at least 50% of the Bitcoins that they generate via sales, instead of converting 100% of the amount into fiat currency.

yes I am sure it will hit 1000$ when next block reward halving, even we can see 3000$ price, but I will not buy bitcoin at that price, I will sell some of my bitcoins for celebration

Let's break 250$ first...

eventually, although I wouldnt worry too much about long term goals. Focus instead on steady growth and expanding userbase.

It is only an expectation, and if we will hope for ever .... I think you know what will happen.I do not think they will hold, if the price will be good they will dump a large sum of bitcoin.


1 minute after the halving, or after some months/years? Give us your ETA  ;D.


Exactly... I believed 1k dollars for a long time but the price cannot raise neither to 500 dollars  ::).


Thanks for your opinion.

I know at some point merchants will dump the coins they earned via sales. I only meant to say that instead of directly having 100% converted to fiat, they keep a part of the coins for a while to sell it for a better price later. I'm sure tech related companies will have more interest in doing so than non techies.

First question no the halving pump won't go to $1000 lucky if it goes $350. Second question.. No bitcoin will not go to $1000 again even with manipulation helping it. If I am honest I don't really care either I started with less than I have now and I have withdrawn more than I started it is a win win and the price is not something I let bother me anymore.

It´s possible but unlikely any time soon. There is never any volume or buying but presumably that will change at some point in the future. One can always hope.

In this way the dump will continue, and it is normal (and needed). Because if someone is selling <> someone else is buying and this is the  ecosystem also bitcoin cannot 'exempt' from this system.


It could be possible, who knows...




Thanks for the reply, it seems a lot of 'bitcoiner' are really mad about this situation. For a lot of people the unique important thing is the price more than the technology behind it (I am also one of these people...).

this is the best post in the entire thread. stop talking about $1000 while it is not going over $300 and probably won't go over $300 this whole year.

It is obvious, the 'price' will not jump immediately to 1k dollars per bitcoin (we don't have the willy bot). However in my honest opinion, we can see an easy 500 dollars * bitcoin after the next halving (it seems the unique way to 'raise' the price I cannot see other valid ways - that are not manipulation, etc..).

As a small time merchant who also accepts BTC as payment, I've never sold any coin that has been transacted for goods/services (the number of transactions has not been great, so can absorb that), though it appears that most people feel that it is converted to FIAT immediately.

Perhaps that is because of the long down trend we've seen, but if it starts to trend upwards then perhaps some of those merchants will start to speculate a little with what they can afford to hold if they can without needing it for cashflow purposes.  If that happens then that could put a fire under the price and it accelerates away causing another bubble.  I imagine that there would also be a counter to that where people only spend in BTC what they have to which would stifle that growth to a degree, but people might be more comfortable spending gains as needed, and I can still envisage a scenario of decent growth being possible, possibly a runaway success even.

I'm incredibly optimistic about the success of bitcoin, but to put a price on it could be orders of magnitude out of actual behaviour.

The credit card transactions have a fee, and we have to wait 28 days for payment, and then it's only 90% of total transaction value (that includes things like shipping that must be paid weekly and we end up paying for the privilege of being the banker to the transaction processors), and the remaining 10% we have to wait 6 months for.  Would we discount for BTC?  Sure we would, but if it were popular we'd probably start having to convert at least some of it to FIAT, at least in the short term.
 

I honestly don't think bitcoin will ever go high as it did. I could be wrong but it just doesn't seem likely.

it will eventually, but not as fast as some people are hoping. it requires a lot patience. i think within 5 years it might happen. long term looks good. short term not so much.

It'll happen sooner than that, something big is gonna happen w/i a few years max. This bear market is wearing thin and there's too many interested parties w/ money looking from the outside in. The value of the US dollar isn't going to remain this strong on into the future.

agree, with this price stuck in 230 240 245 under 300$ i think its not going so far from that rate, from last 2 years until now, the price is down and little up for a while, i think its to much hope that 1 btc for 1000 $

Thanks for your post, can I ask you what are you selling (means: have you a bar, pub or a 'market'...)?



Sooner or later, doesn't make sense.... I think when the block reward will be less than the total miner fee (of 1 block) the price of 1 bitcoin will be more than 500 dollars. But also the mining farmers are important in the determination of the price.



Yes the price is going down from a lot of months, if we consider the start "1200 dollars".

yes I really think that it will happen:)

just time will tell us but I see only 2 ways. bitcoin for thousands of dollars or something new, what will somehow replace bitcoin and make it worthless. just wait:)

NO and that is a big N. I imagine price would slightly correct itself and pointing towards the upside and that's basically about it. Most of the time, I think we are overly optimistic (sometimes try to be realistic) because "supply factor" alone would not push it so greatly. It would create that bigger impact IF and only IF you have a big adjustment as well on the demand side.