Bitcoin Forum

Can 1 BTC be worth 1000$ in february 2015?
Bitcoin’s flaws are becoming more evident,so will it reduce more?

Count yourself lucky if it touches 500 USD once before March 31, 2015.

So far, there is no flaw found in Bitcoin. All the flaws are in implementation.

Chances are : No.

I doubt it very much

will it reach 1000+ in 2015 though?
I am certain of that

What flaws are you talking about?

Check out this link
http://www.positivemoney.org/2014/04/bitcoins-fatal-design-flaws/

2015. could and should be a good year for Bitcoin.
Maybe not in terms of BTC-USD, but definitely good in terms of mainstream.


Bunch of FUD

$1000 is a generous figure by February.  Hopefully, there will be a sizable rally in the new year

You're predicting a lot of prune consumption in February? I doubt it but it would be nice.

1000$ in frebruary... i dont think so
1000$ in april  yes maybe ...but not sure

NO. It won't see $1000 ever again. Too many people have hands on it now.. Not like how it was during OCT 30TH 2009.
I can see it at $300-$400 nothing more.

Actually I doubt it, but I hope we can see that price along 2015

First two flaws are imagined, (OMG it's not absolutely identical to the current system that's failing!!!) and we're not in the Wright flyer stage still, that was 2009, more like a DH 89 Dragon Rapide or something. Development has continued, we're just about to go onto 10th major version of reference client.

Third so called flaw is a user idiocy problem. User idiocy is not a design problem until involuntary euthanasia is legal.

I would say that the chances are pretty low or zero to be honest :o It won't reach that anytime by the next year , probably 2016 when the next block reward halving happens  ???

don't care, 1000 will not be making anyone rich who isn't already rich with it at 300

The guy who wrote this, has obviously no idea about Bitcoin.
He corrected some major error in his text, but that doesn't make it any better.

it might make some people rich all their funds in bitcoin would become x3.33

Would Bitcoin at $1000 in 2 months not be a bad thing? I never understood why people think bitcoin is more successful when it is priced higher? Personally I think if bitcoin stood at the $350 range for all of 2015 it would be awesome. People will start to think of it as a currency and less as a get rich quick investment.

even i will happy if 1BTC will worth of 1000$ till end of the year 2015
but it seems hard for bitcoin yet

absolutely not

Maybe in 2015,but not that soon

We really are unable to tell, since it is such a thing that goes up and down so fast and so easily.

Predicting the future is really hard, I hope it goes up or stays the same at-least and this really belongs in the Speculation section.

It not gonna happens in 2 months , I doubt it will reach $1,000 even at the end of 2015.

Really? at the end of 2015?
but my guess is at the beginning of 2016.

Bitcoin has been following a linear oscillation progression scale pretty much perfectly. It was shown in another thread, we will see $1000+ in 2015, but not by February, maybe a few months after.

Next time quote someone who actually understands bitcoin

haha, so many speculations on this forum :) of course not.

Why are you certain of that? Would be hard to see a big increase before the halvening happens.

Bla bla bla bitcoin is volatile bla bla bla

The usual...

Markus and Willy were the main driving forces behind Bitcoin's success. Now that Karpeles has left the game, the delusional phase is over, and Bitcoin is facing the harsh realities of the law of supply and demand. A triple digit price simply can't be sustained in a climate where there's generally more volume on the sell side than on the buy side. Sentiment tells us the bottom is far from reached.

When 2015 draws to a close, cultists and bulltards will long for prices above 300.

why do you think the block halving would spike the price?

The reward halving could drive a lot of miners away. The miners that won't buy new hardware, that is.
No one here can know for sure what will happen... It could even be a minor, unnoticed event by traders.

The Willy report is based on the fact that Karpeles was a incompetent coder.
If a incompetent coder can create a bot that creates "fake" money that drives the price up in a speculative asset, so that himself and others can go from rags to riches then believe me, there are others who will create another bot.

If the Willy report infact is true, which I doubt, then that is very bullish for the price.

Most possible it will decrease it, but doubt halve.

hard to say, but the mood to talk, not! I think maybe starting from August until the end of the year

Bitcoin will remain steady throughout the year.

It will remain constant and gain more investors.

The first target will be $500.
Until it breaks out of this $310-$330 range, we can't even be sure of that.

I think btc must come down t0 300 first before we fly to the moon. All the coins have been ready and waiting but btc is slow to the party.

Those aren't flaws

I ended up reading this article...and I'm kind of drunk right now but i'll bite..



Looks like he already corrected himself with his first short sighted / laughably uninformed comment.



Disagree. First of all, those who are speculating / holding all have a threshold where they will eventually sell and in a sense redistribute. The holdums from $5/btc aren't all the same holders today. They are long gone by now, or at least have reduced their overall bitcoin wealth and thus released the coins back in supply; new people discover it or gain access, new speculators arise, etc. The cycle can repeat.. and having a habit of saving $ is a good thing imo.

The part about bitcoin not providing benefit to people who use in the economy is complete bogus.... the benefits of bitcoin are there, and it's not all about as Andreas likes to say "shopping in the West". A lot of it use cases have not been realized yet, partly because of high volatility that naturally comes form the small user base. Because this is a currency that becomes more beneficial to everyone as more people use it. If companies used it for all remittences legally and efficiently the benefits are clear as day. If people are able to use it to transfer money globally the benefits are there. It grants people complete control, usability, and transferability of their money, which by itself is a benefit to many. It allows micropayments via any platform which can potentially monetize anything on the internet. Think an online video, and instead of having commercials they give an option for people to pay a fraction of a penny with the click of a button (dumb down example but idea can be applied in many ways). I was reading a Time article the other day and it's said that 85% of the world's population has access to internet via some data tower, and of course far less use it because they don't have the ability, the services aren't good or cheap enough, or it doesn't apply to their daily lives. Imagine if the entire population had access to internet and accessibility wasn't an issue; someone from some poor village in india can potentially provide a service that reaches out an audience of the entire world, or a niche that he attracts. And if bitcoin is utilized for payment this villager is now running his own business, and he did it without a bank. Those who understand this kind of power and all the other benefits it can potentially provide.. they get it. Those who get it, but have conflicting interests will do what they can to stop it, slow it down, restrict it. Unfortunately it seems like the author just doesn't get it.
  
By the way, tech giants like google, facebook, members of intenet.org, etc are making big progress to make internet available to all, particularly accessible to those who don't currently use it; they're creating more wifi hubs w/ drones and balloons, providing cheaper/free services, and content dedicated to their socioeconomic culture.. I see all this as a good thing.



What the flying fuck is this, a cash-back rewards program? lmao!




Haha I definitely wasted my time reading this article.

Oh yes it will. BTC is highly undervalued right now!

I think BTC will be more stable this year and gain more credibility..people is afraid of what they cant understand.

Bitpay is doing a really nice work with bitcoin, a recent commercial video: https://www.youtube.com/watch?v=FWJDCLpOnf0

The reward halving is not going to be a surprise. Miners are going to slow down their purchases of new miners long before the next halving so they can maintain their potential to achieve ROI prior to electric costs exceeding gross mining revenue

absolutely agree!

more that 300% in less than 60 days? sadly it's not gonna happen

I see a bright future of bitcoin in 2015. This hardly moving from just above $300 could be the stable point that's required for large institutions to see it worth adopting, and then boom... bitcoin to the moon

It happened in 2013.

But I still doubt that it'll happen that soon. Maybe midyear?

I think anyone who dumped equipment through the last halving wished they didn't. GPUs turned out profitable out to 8 months after.

I'm thinking somewhere in the first 6 months of the year we'll see some of that movement.

It will happen in May 2015, my prediction :D