Bitcoin Forum

JW, when do you guys think Bitcoin's going to reach $1 again? It's inevtiable obviously, just give me a heads up on when to sell thanks.

Never. Bitcoin's value is always rising against fiat money, just like rare metals. The dollar is a dead currency walking.

https://i.imgur.com/VYuHDuo.jpg

I agree. I dont think it will ever go back to 1 dollar. Maybe if something far better comes along but still even then Im not sure it will go down that far.

What bad news is that or are you spreading fud? Bitcoin will only reach 1 or near zero if a error or something is found, but I doubt one will be.

Yes, he's bitcointalk's newest resident troll.

if the bad news is real and if bitcoin crashes to 1$, then that news is the goodest of the goodest news for me, because i will buy hell a lot of bitcoins with all the money i have

because at the end of the day bitcoin will face any problem and come over it because its open source.

Bitcoin won't hit the 2 digit figures let alone 1 digit.

I'll have whatever he's smoking...

Did you mean $1.00 per mBTC?

Probably later this year.

A better question is: when will a Satoshi = $0.01?

I wonder if the OP maybe meant to write $1k.

No, he's a troll. And there's not really any reason for us to feed him  ::)

Na just looking for a glimmer of hope to get rich but its never going to go below $100.

Hi florica, welcome to the forum.  :)
Did you know there has been a constant flood of good news about Bitcoin lately?
Just look around and enjoy...

When there is only one surviving dollar bill left in the world and museums and collectors fight over it in an intense bidding war.

The truth is, Bitcoin is never going to be as stable as normal currencies and thus I don't agree it will always be rising. Once it starts to stall rapidly, it may be the end of Bitcoin - not forever though - at least in my opinion.
But I don't really think it will ever reach its original price, that is just ridiculous.

i bet bitcoin will become 0$ at zombie apocalypse!

The USD is stable compared to the USD. BTC is stable compared to BTC. Gold is stable compared to gold... Right now the volatility in BTC is high, but it will fall as more wealth moves into it. What you are saying doesn't really make any sense.

A few minutes after the nukes go off? That would be a good time to cash out for canned goods and ammunition.

The year 2197, but by then the USD has ben crashed, abolished and recreated 2 times.

Please tell me this bad news and I'll tell you if I agree.

for the last 4 months whales have been trying to push the price down. and the furthest they got was $400...

the cost of mining and the other facts that people refuse to sell at a loss from their original purchase price made it an unachievable effort to go below $400..

so $400 is the new low and will stay that way, no one is stupid enough to sell at a loss, so dont expect anything below the new low as it has already been tried and tested for 4 months.

so to all of those missing the low price, i am sorry. and now the hash rate is at 0.1 'exohash' so dont expect it to fall, there will be another attempt in the future to find a new low point and that number will be higher then $400, so buy now before you regret it when prices hit the thousands again.

Bitcoin might lose 99.9% of its value at some time, but we're almost sure that the dollar has lost more of its value by then. The USD seem to lose 70% of its value every 100 years or so.

Only if some alt-coin manages to replace it which is not likely for several years IMO.

Never... It didn't even reach close to that on Gox, even when people didn't they were getting their money back. It still traded above $100 back then remember?

There is no news and if there was he wouldnt know about it.

We will soon be at a price where even if BTC loses 99.9% of its value, we will still be above $1 :)

I don't think it will ever get to that point. There are too many people who know about it now. Because of that very people would ever sell below $100. And even if they did, the BTC would be picked up in a heartbeat.

I would liquidate everything just to grab any $2 BTC, so it won't ever go below that.

Probably never in the coming 10 years imo...

Great explanaton and I totally agree with what you said.

china banned bitcoin.....wait - that happend already twice  :D

Bitcoin will be worth $1 once it gets overtaken by a superior currency and is seen as obsolete. If you're hoping for BTC to crash to single digits so you can stock up before it shoots up again, you may be waiting for quite a while.

The answer is never because:

• Network effect is too great, that is you can use them a lot more now than when it was at $1
• User base is greater, like a mmo, myspace, or similar social network there is always going to be at least some users even if the limelight fades. Case in point, myspace and friendster still have millions of users, even though they are considered obsolete/out of favor
• Too much investment has been made, there has been too much money and brain power investments to go back to the levels of $1

An exohash would be 1,000 petahash.  We're only at 96 petahash, so a ways away from that.  I wouldn't be surprised to see an exohash by the end of the year though.

It's a Polycoin thread... Did you guys not realize that?

soon

thanks for the correction its 0.1 exohash tooooooooo many zero's so i mis-counted. i'll edit my post to correct it :D

I think you may have forgotten a few 000000s more like 10000 :P

I dont think it will EVER EVER EVAR get close to even 50 again.

who cares for it,
the same is, no matter the prices $1 or $10000000 , because bitcoin price control bots, not people !

Bitcoin will probably reach $1 when China bans it for the 1000th time.

It's inevitable.   :'(

Have you noticed on the forum that when the news about btc is predominately good, the value goes up, and when it is not good the value goes down? Just something I observed..

I will never go lower than $500 again, probably not even $600

lol well thats obvious, but sometimes we get good news and nothing. There hasnt been much news recently and the price has been climbing up steadily.

$100 in 2012 had the purchasing power that $3.48 had in 1900. A loss of 96.4% in buying power.

Have you noticed that more it is talked about, good or bad, the more folks have heard about it and more places start accepting it? Bad news always scares nervous investors (those that don't understand their investment) but this helps us to determine the true floor. Currently this appears to be around $400. That is up substantially from before this year of news coverage.

when you sold me 1 BTC for 1 $

let's make a deal today

Bitcoin will never reach the $1 mark again, unless the Bitcoin foundation decides to issue 999 bonus coins for every 1 coin held.  ;D

Your bitcoin holdings will increase by a thousand times, and the value of each Bitcoin will decline by 99.9%.

Probably never, even when bitcoin will be obsolete for transactions and store of value, it will still have some collectible value.
The only possibility to drop to 1$ or below is massive bitcoin inflation (break of the protocol).

Probably never. BTC has created too much interest for it to drop that low.

I admit that it is possible for BTC price to fall significantly but not that much.

When the world and all its communications and harddrive backups are destroyed or there are no humans left to utilize the system

Or I guess around 2050 if the protocol and security functions in the crytography are obsoleted and the developers branch off the old Bitcoin Clients into a new Bitcoin branch and leave the original chain abandoned causing this market to dry up to 0.

Kind of like having Test Bitcoin Networks only it would be subsumed.

Realistically, I don't think sub-100 is even possible at this point.

I don't agree. The price is in direct corelation with China market. One bad news from China makes more then ten good news from U.S and EU. One bad news from China confirmed by their goverment makes more then all the good news from the rest of the world (except if Amazon and Ebay start accepting bitcoin).

Last months we have several bad news from China but price sticked to ~450$ and didnt go lower.
Markets get used to bad news from China already.

or are free of random small Joes and remain heavily manipulated with bots trading the same coins from wallet A to wallet B without much change.

not before the sun is out of energy

Why stop at $1? I thought the serious bears always said, "bitcoin to zero." :P My money's on never, but I have at least taken enough profits out that I won't ever have to say I lost net money on bitcoin, if it does.

Probably never, too many people are invested to let it fall that much. 

$1 is ridiculous, $100 is unlikely.
If the price will drop to a sub $300 value there will so many bots/people buying that you will se a sudden increase in price.

Yes, if we go sub-$300 it'll be a flash crash with a giant bounce back above $400, IMO. I'll be buying like mad if we ever get near $260 again. Seems unlikely, though.

Last time it happened in btc-e it didn't even go under 100.
So it would have to be either a very dumb whale or someone typing a wrong number...

Probably never you've missed the train already...chooo choo ;D