Bitcoin Forum

I was wondering... Bitcoin is halving in the beggining of next year.
~How many of you still believe we will see it hit $1000 again?

you mean 1200 again? i don't want to see any value that was already surpassed in the past, we should aim at a much higher target

seeing that now we are starting from a better position in comparison with the 1200 ath, which started from a value around $90(i mean the pump started from there), we should touch something like 3xxx-4xxx, if we assume the same pump

I think we can learn a lot form LTC. If the price of LTC goes up 5x due to halving, the same thing might happen to BTC as well.

everybody here is hoping for the high prices , $1000 or so

yes that is true at that time the average price was around $90 and now it is stable around 270 - 280 so we can expect more high price this, it can go up to 5k this time and this would be more reasonable for this time.

I believe. And I believe that not only bitcoin will hit 1000 us dollar one but will go even more. problem is the time. So when and not if. How I know this? I don't know. But reasoning about what bitcoin represent I think that the 1000 us dollar for one bitcoin is the at least arriving point for it.

Here we go again. Another thread was made in the wrong section. Keep this to speculation.
We could make a lot of predictions, however they are most likely going to be wrong. If we do some analysis we might be closer to the truth, be once can never be really sure.
I would say that it is possible, or even likely.

Yes. That would be a nice assumption. assuming the price can go up at least 5x we must be aiting to see it in about $1500 minimum...

I'm unsure if we'll hit 1000 USD before or as a result of the summer 2016 halving but I'm close to 100% certain bitcoin will reach 1000 USD again in the not too distant future. You'd be a fool to bet against it, it's close to guaranteed imo.

Bitcoin will hit not only 1000 but much more. This is for sure. The amount of bitcoin is limited. And the request for it it will be always greater and greater. More and more people will known it and for several reason would want to be part of it. So the requests will be more and more high. This requests will increase its price.

BTC is going to

$0

or >$10k

by 2020-2025 there really is no middle ground, there really isn't.

1k 2k 3k Yes but when?  ::)

After 2 block reward halvings, I hope bitcoin really shoots up.
My bullish scenario is even more than $10K.

i'm sure we'll hit $1000 level in the future again. but at this point it could take a few years. block halving will just give the price a certain boost, but not more than that.

Yea, this is true.  And even if it went to 0, there's enough people invested in the ecosystem that it would probably go to 1000 or more from halvings before it goes to 0, heh.

Just based on the trend and sentiment, I think we'll see < $100 again.

Which trend and sentiment?  :D

Im not sure bitcoin will hit $1000 again so many people want to sell at 500-600 $

As we can see on bitcoin chart history, the value increase every year.
I'm sure bitcoin will reach $ 1000 because I can see many big company start using bitcoin as their payment

Yes, one way or another.
BTC-E is around with instant crashes an big buys leading to $1000/coin or more

I have no doubt that BTC will reach $1000 within next two years. I just wonder when the price will always be higher than $1000.

That is going to be tough in the next 2 years. Even if we reach $1000, there will be bears waiting to push it down.  :)

I've been saying the last 6 months.  Anybody not accumulating as much as possible while the price is under 300 is going to regret it.

i dont care if it takes 5 years to reach $1200.
If i survive without touching it, i'm keeping it. investing in btc is going to be great.

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.

We're not going to $1,000 anymore. We did that already. We're heading for $10,000 now.

I wouldnt say $1,000 just yet..

Unless we see gemini exchange come before 2016 then maybe? since they also have that etf thats always be forever waiting to launch too..

True, but we need to reach 1,000 again before we get there, obviously. The most important question is, will people panic sell past 1,000 in fear, and if they do, where will it fall to? Will you sell yourself and buy again? at what price? those are the questions that we should be asking. A lot of money could be done on a big 1K correction. The question is who has the balls to sell and buy back?

hemmm not sure price will be go up to 10.000$

If you see what happened to the Bitcoin economy since the first time the exchange price hit $1000 and what possibly is at the horizon, I think it is pretty much inevitable

yes maybe someday but definitely not in this month and i still believe the bitcoin price will reach to $1000 again maybe in the next month or next year

Will be interesting to see what a litcoin halving hype can do to the bitcoin price this month. Last pump it carried bitcoin quite a bit..

People commonly make mistakes when it comes to the last (real) spike that Bitcoin had. The price ~$1200 was not realistic and was not achieved by traders solely. There was a lot going on behind the scenes (e.g. Willy Bot), however we should not go into the details of this here.
I just want to point out the definition of speculate. speculate - form a theory or conjecture about a subject without firm evidence.; There are a lot of people making unrealistic predictions for specific dates.

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If we follow basic supply and demand, the price should go higher next year. We also need to consider what happened to LTC recently, that could also happen to Bitcoin next year (however, much more money is needed to make huge movements).

Uhh  no. If we follow real supply and demand bit coin wouldn't be worth more than $50 at best.
This market is being rigged from all possible sides.
If you still don't get it after 6 years... people have rejected bit coin and moved on to superior technology.

Be honest... You didn't expect to keep saying this for 6 months, did you?
Nobody expected this bear market to last so long.

Uhh yes. The market sets the price where supply and demand meet. The exchange price is the market price and not some number you pulled out of your ass.

The market has disagreed with you for nearly 3 years. Guess what? You're wrong.

How about you take this friendly advice and ignore him? He's one of those people preaching that Bitcoin is dead/dying and whatnot. There is no evidence of anything other than Bitcoin adoption continuing and record number of investment.
He just stated that BTC was rejected and people moved to superior technology. 1) Bitcoin was not rejected; 2) There is no superior technology (altcoins are no superior at all, but are rather lacking in security).

You can't generalize. I did not expect the price to go over $300 at the start of the year and that happened as well. Actually, I've said on numerous occasions that the price is great for people still wanting to get in.

why is this a bear market? current price says something. we agree to stay below the $300 level as we are not willing to buy through all the sell orders to advance higher.

I think 1000$ is not that far, possibly by the end of 2016 and maybe even before that. I do have my doubts about stability and the fact that it stays above 1k$ for more than a month or two, and if it does, and continues to be stable for much longer, it means that bitcoin has definitely been growing so much and it is actually developing a strong market as the community perceives ahead.

can you point me those superior technology? i'm not aware of anything revolutionary in the economic system that might have been created, recently

please do not talk about altcoin, they are pure clone with nothing new and everything they offer more than bitcoin can be easily implemented in bitcoin itself, i'm talking about something like monero...

I firml believe we will see again $1000+ coins in the future, and if I didn't believe in this, I wouldn't be here. Come on, anybody that has done any research can see how good this technology is and how much it can improve in the future. Add to that VC fundings of this year and you can start connecting dots.

the price will eventually have to go above $1000, as the coins will get scarcer and scarcer. Especially given how the Chinese are still vacuuming them up while they can.

The coins are getting scarcer and scarcer because of the fact that many people are trying to cash in on the fact of upcoming halving, and some want to
be a part of the 21 million club. Since bitcoin is advancing each day in and out, there's no doubt that we will see 1000+ prices once again imho.

cheers

Exactly my thinking, this technology has been just born and coin supply is limited. As we advance, and adoption goes further and further, what do you people think will happen to price, if no major negative event takes place, of course!

I back that up again.
I agree with you two as well. We're still in a pretty early stage with Bitcoin and cryptos in general. And as mentioned there only will be 21 million Bitcoins. And another aspect which we should not be forgotten is that a few million coins are lost. I guess probably 2-3 million coins is a realistic number. So in the end we are dealing with 18-19 million coins at all.
Try to gain an amount of 10-50 coins and you should be in a comfortable position.

People will take advantage of every little high/peak to sell and make profit. This will keep the price down every time when BTC is rising... But  yes it will go $1000 again

i have no doubt it will go to $1000 range again at some point, but it can take several years. a lot people don't have that much patience.