The price needs to hold of a minimum of 1 month in my point of view to get to that level.

We are at barely to the $700 zone so its still too early either if it will hold to lead to those prices, but I have a good feeling it can if it does for each marker.

Sounds absurd now, but it wouldnt be if are prices for bitcoin was at $1,200 zone.

But we are barely getting back to the $1k mark so yeah.. but most of us if we saw those prices, I think you`ll a bunch of threads wanting to buy stuff right lol.

I mean 3 bitcoin at those prices is $30k for someone to buy a luxury car lol.

If the price holds $800ish zone for 1 month or more I`ll be happy.

Then that can eventually start the trend towards $1k or higher to become eventually the new average. As for the $1 mill comment in 20 years.. thats still a awful load of time for anyone.. and anything can happen before then.

If the world is always in financial stress like brexit situation.

Theres a need for bitcoin to rise - so it may not happen right away obviously, but it will happen eventually.

I`m seeing more of the global events and seeing where we are in the progress with the etf stuff.

The global events like turkey failing is whats making me more anxious towards bitcoin.

Out of all these options, buying it and holding it is the best way.

then selling it on when you see the price difference, but shouldnt be relied on to make profit alone. the main source of revenue for anyone should be still in fiat form of their own country.

unless youre in countries that are russia, turkey, that are in financial stress.

People donate or tip depending on the transaction, but I usually tip if its a high amount being held.

Since its also stressful for the holder to hold a certain amount of bitcoin as well and the tips acts more of a common courtesy compliment.

Its everything that has been mentioned already.

But to simply put in very that anyone can understand - if  operator doesnt manufacture asics itself then just avoid the headache. Youre also running the risk of these bulk resellers to fork in when the prices dont add up in their books but claim they have the hardware as well wouldnt add up in growth.

Because theres a delayed time of these machines arriving to their destination - and time senstive operations like this it would have to be something similar to bitmain.

Whats sad is that petition should be over the charts of 5,000. If they have over 700k users been scammed.

It either people arent aware of they already know the pit falls when they invested in a cloud mining operation..

Either way I hope the people get something out of that petition. I personally have not invested in them, but I can imagine if I did I would of probably just trying to make my loss from selling stuff off.. which I know most wont see their btc back.

It will recover but it would take some serious time, unless something drastic happens.

As for the price fall for $350- you would see a gradual fall w. attempting recovery in prices but eventually a slow decrease but it wont come all at one time if thats your point of view.

I personally think the coin stands firm because of global events like people in turkey / brexit situations.

Just remember this though.

The only reason why people are exchanging back and forth is because the legal tender fiat is still known to many people - which is what youre trying to replace...

So intially bitcoin taking over cash isnt a comparison if one is needed for bitcoin to survive.

How would a world economy collapase when you already seen back in 2008 of the major banks in the US come back from the mess they caused lol.

The illusion of a world economy collapse is such a illusion. Yes, you see financial collapse but that doesnt mean the world will collapse entirely.. it just recovers all over again.

If the world needs bitcoin like situations like britain and turkey and other finaincial mess.

Its a much needed situation - the price of things will never ever be down due to simple demand.

So the root problem should be is can you afford to hold bitcoin then selling it lol.

If thats the case most people arent able to hold since they are in a financial hurdle - average american has about $30k in debt and if youre in college thats another animal as well added.

Coins dont need to circulate lol.

The value rises on its own - based on the different things that happen around the world - then thats when people will circulate.

This also includes based on circulation of being buy/sell on exchanges.

But if youre talking about day to day means of spending - then yeah its not needed.

Just to add on this, its better to assume that the world problems will always need for bitcoin.

So to someone say no to invest in bitcoin is like saying there will world economic problems that dont need it. That problem itself should add on to the many reasons that people invest.

Just finished reading this short painful hurdle.

This should noted to anyone who is ordering new units from bitmain, that this scenario can be you as well.

Thanks squall for the update, and it sucks that you had experience this..

Keep updating this, cause if their service is lacking esp with a known face in the community they need to change accordingly if they still want business.

Those who think its expensive now, its the same complaint you hear back in 2008ish when it 1st started for several cents.

Then hit its first 100 marker.. its the same way.

History always repeats and its cause we have a huge financial flaw in our current system - so for someone to say its expensive they are just mis educated on the current financial system.

Because everyone loves big risk right lol.

I`d personally say, if you want to trade you can do this by selling stuff you acquire cheap and resell for bitcoin - and not having to use the exchange unless you really need it.

Technically we are all rich.

IF you see "rich" in a different way though - being humble and being grateful for what you already have.. then living by the consumerism by companies.

If you are content and happy that itself is rich.