Let's Be Honest. We Are Waiting for $100/BTC to buy

[praboso96]

I am a realist and I understand that the price of Bitcoin $ 100 will no longer be. Gone are the days that you can buy Bitcoin for such a cheap price

I also think that the price will not reach that value again, unless something really bad happens to the network. But the truth is that, at the moment, due to the increase in the mining difficulty, the costs to maintain such operations is very high. Even so, if you are willing to invest for the long term, Bitcoin can still bring great possibilities.

That's right, there's no reason milking that price has dropped. But I did not hope for such a price, it would lead to panic and hype

[1Referee]

But the truth is that, at the moment, due to the increase in the mining difficulty, the costs to maintain such operations is very high.

This has nothing to do with traders dumping their coins like there is no tomorrow in case something really bad is happening. Traders just look at their own profits, and don't care about the difficulty or how much effort goes into minting one block. If they find reasons to dump, they certainly will. However, I am quite sure that due to the stakes of Chinese mining farms into the giant exchanges BTCC, Huobi, OKCoin, that they will do everything to keep the price above a certain price level. But what is that price level these farms wants to maintain at all cost? $300? $400? We'll only find out at the time the price is tanking real hard.

[deisik]

But the truth is that, at the moment, due to the increase in the mining difficulty, the costs to maintain such operations is very high.

This has nothing to do with traders dumping their coins like there is no tomorrow in case something really bad is happening. Traders just look at their own profits, and don't care about the difficulty or how much effort goes into minting one block. If they find reasons to dump, they certainly will. However, I am quite sure that due to the stakes of Chinese mining farms into the giant exchanges BTCC, Huobi, OKCoin, that they will do everything to keep the price above a certain price level. But what is that price level these farms wants to maintain at all cost? $300? $400? We'll only find out at the time the price is tanking real hard.

Keeping the Bitcoin price up in the case something really bad should happen wouldn't make much sense. If Bitcoin was actually going to bite the dust and that would be for real, you can rest assured they would be among the first to sell out their bitcoins. Otherwise, whom would they be going to sell all these bitcoins they bought up on the way down?

Going against the tide may be suicidal

[Mastsetad]

I am a realist and I understand that the price of Bitcoin $ 100 will no longer be. Gone are the days that you can buy Bitcoin for such a cheap price

I also think that the price will not reach that value again, unless something really bad happens to the network. But the truth is that, at the moment, due to the increase in the mining difficulty, the costs to maintain such operations is very high. Even so, if you are willing to invest for the long term, Bitcoin can still bring great possibilities.

That's right, even if someone right now invest in bitcoin without waiting for it to reach that low price again by thinking that it will grow higher in long run then i think they wont be in loss, as we all can see the potential of bitcoin is to grow way higher then where it is right now.

[equator]

I am a realist and I understand that the price of Bitcoin $ 100 will no longer be. Gone are the days that you can buy Bitcoin for such a cheap price

I also think that the price will not reach that value again, unless something really bad happens to the network. But the truth is that, at the moment, due to the increase in the mining difficulty, the costs to maintain such operations is very high. Even so, if you are willing to invest for the long term, Bitcoin can still bring great possibilities.

That's right, even if someone right now invest in bitcoin without waiting for it to reach that low price again by thinking that it will grow higher in long run then i think they wont be in loss, as we all can see the potential of bitcoin is to grow way higher then where it is right now.

Who ever is waiting for not only $100 but even waiting for $300 price is also waste as you said that mining difficulty have gone high so the miner who let the price go below the $450 - $500 and now as the users are getting more increased and the followers are getting more faith so the price will always go up. so when ever you are buying is the right time for long term investment

[Mario274]

I am a realist and I understand that the price of Bitcoin $ 100 will no longer be. Gone are the days that you can buy Bitcoin for such a cheap price

I also think that the price will not reach that value again, unless something really bad happens to the network. But the truth is that, at the moment, due to the increase in the mining difficulty, the costs to maintain such operations is very high. Even so, if you are willing to invest for the long term, Bitcoin can still bring great possibilities.

That's right, even if someone right now invest in bitcoin without waiting for it to reach that low price again by thinking that it will grow higher in long run then i think they wont be in loss, as we all can see the potential of bitcoin is to grow way higher then where it is right now.

Who ever is waiting for not only $100 but even waiting for $300 price is also waste as you said that mining difficulty have gone high so the miner who let the price go below the $450 - $500 and now as the users are getting more increased and the followers are getting more faith so the price will always go up. so when ever you are buying is the right time for long term investment

I also think that the price of Bitcoin will now go up. This happens for several years and there is no reason to Bitcoin began to fall in price dramatically.

[BitcoinPanther]

If we look back at the history of bitcoin, after the big bubble had burst way back 2013, bitcoin price had never touched 100 USD, now that bitcoin had recovered and been playing in 700 - 750 USD, the dream of buying bitcoin at 100 USD is really impossible.  Including the fact that there are more big company that is involved in bitcoin now than a year back.

I also think that the price of Bitcoin will now go up. This happens for several years and there is no reason to Bitcoin began to fall in price dramatically.

certainly, with continous development and people getting introduced to bitcoin everyday, there is no looking back now in my opinion.

[deisik]

I am a realist and I understand that the price of Bitcoin $ 100 will no longer be. Gone are the days that you can buy Bitcoin for such a cheap price

I also think that the price will not reach that value again, unless something really bad happens to the network. But the truth is that, at the moment, due to the increase in the mining difficulty, the costs to maintain such operations is very high. Even so, if you are willing to invest for the long term, Bitcoin can still bring great possibilities.

People should forget about the labor theory of value at last

Price is determined by the balance of supply and demand, not by the cost of producing any single bitcoin. But even from this point of view (i.e. evaluating price by costs incurred), there is still a huge number of bitcoins that had been mined essentially without incurring any real expenses. I mean coins mined by early adopters. Apart from that, it is almost certain that today's costs differ significantly between miners, and so do their profit margins. Consequently, if the price goes down, some miners will leave and the difficulty gets adjusted in such a way that remaining miners will get the bitcoins that would otherwise have been taken by those who left. In this way, mining will always remain profitable in the long term (at least, until all bitcoins are mined)

If we look back at the history of bitcoin, after the big bubble had burst way back 2013, bitcoin price had never touched 100 USD

It touched $170 on a few occasions, not really a far cry from $100

[Mr.grin]

The current bitcoin prices are rising, even almost become a $ 750 price. so, I feel that it takes a very long time if you wait bitcoin price dropped to $ 100, even maybe you will lose if you wait for that moment, because bitcoin prices always go up and most likely the price will be $ 1,000 bitcoin and stable

[Supercrypt]

The current bitcoin prices are rising, even almost become a $ 750 price. so, I feel that it takes a very long time if you wait bitcoin price dropped to $ 100, even maybe you will lose if you wait for that moment, because bitcoin prices always go up and most likely the price will be $ 1,000 bitcoin and stable

I too think it is just the complete waste of time and nothing else to wait for the time when bitcoin will come to 100USD I think it cannot ever happen any more, because we can see that people are joining bitcoin and expecting that they will get some profit from it, now bitcoin can only take a little correction but it does not come down to such a low price.

[buwaytress]

The current bitcoin prices are rising, even almost become a $ 750 price. so, I feel that it takes a very long time if you wait bitcoin price dropped to $ 100, even maybe you will lose if you wait for that moment, because bitcoin prices always go up and most likely the price will be $ 1,000 bitcoin and stable

Stable is a prickly issue... especially if we're talking about bitcoin value in USD... is the USD stable?

What would you say is the most stable commodity in the world? gold? It's jumped 5 times in USD value from 2000 to 2010 and then lost half the same value the following 5 years. Look long enough and there are highs and lows. Bitcoin hasn't even had a decade for us to think of a stable price.

[Text]

I too think it is just the complete waste of time and nothing else to wait for the time when bitcoin will come to 100USD I think it cannot ever happen any more, because we can see that people are joining bitcoin and expecting that they will get some profit from it, now bitcoin can only take a little correction but it does not come down to such a low price.

You are right, bitcoin is already successful and people online are getting more involve to use it daily for investment, buy and sell and etc. Online workers are curious to the high price of btc and I think that is one of the reason why this choose this.

[Hatuferu]

I too think it is just the complete waste of time and nothing else to wait for the time when bitcoin will come to 100USD I think it cannot ever happen any more, because we can see that people are joining bitcoin and expecting that they will get some profit from it, now bitcoin can only take a little correction but it does not come down to such a low price.

You are right, bitcoin is already successful and people online are getting more involve to use it daily for investment, buy and sell and etc. Online workers are curious to the high price of btc and I think that is one of the reason why this choose this.

The price will always be the main attraction for bitcoin, the high price shows that bitcoin is progressive and it will attract investors to put their money in investment and they will see it that there's a great market with bitcoin to make them more profitable.

[Rinder]

Bitcoin lower then 500 dollars its something that will only happen if someone found a big problem over the bitcoin code or network, and even loosing part of its value its a question of days till some solution to handle the problem and bring bitcoin back to the current value. The community of crypto owners is growing day-by-day, and i doubt bitcoin can loose soo much value in the short or middle period.

[deisik]

Bitcoin lower then 500 dollars its something that will only happen if someone found a big problem over the bitcoin code or network, and even loosing part of its value its a question of days till some solution to handle the problem and bring bitcoin back to the current value. The community of crypto owners is growing day-by-day, and i doubt bitcoin can loose soo much value in the short or middle period.

There's no problem with the code, problem with network is possible but how is it related to the price of bitcoin if it is all about the transaction that we are making with bitcoin. I don't even hope that the price will be lower than $500 and much better if the price is going to keep on increasing. Rapid increase of bitcoin is just possible when all whales sells their bitcoins.

You most likely meant to say fast drop of the Bitcoin price, not rise, when whales start selling their bitcoins, right?

Bitcoin lower then 500 dollars its something that will only happen if someone found a big problem over the bitcoin code or network, and even loosing part of its value its a question of days till some solution to handle the problem and bring bitcoin back to the current value. The community of crypto owners is growing day-by-day, and i doubt bitcoin can loose soo much value in the short or middle period.

Not necessarily. Just like what I said above, the price can easily go down to 500 dollars or even below that if just some of the whales start selling their bitcoins. The support is thin relative to the amounts they hold cumulatively. I've recently seen stats posted across the forum, and they are frightening, to tell the truth.  So far whales have been refraining from selling their stashes, at least, not in massive amounts to seriously affect the price. But they can certainly affect it big time if they choose so...

It is more interesting why none of the top Bitcoin holders isn't actually selling their coins

[Dudeperfect]

The current bitcoin prices are rising, even almost become a $ 750 price. so, I feel that it takes a very long time if you wait bitcoin price dropped to $ 100, even maybe you will lose if you wait for that moment, because bitcoin prices always go up and most likely the price will be $ 1,000 bitcoin and stable

Even though bitcoin prices are increasing day by day, it doesn’t mean that the prices will always stay up or even stable. More and more people are getting in to bitcoin daily and thus it affects the demand and supply mechanism and indirectly prices. I think bitcoin price will increase with a sustainable rate since the beginning of next year’s second last quarter till then we might experience fluctuations on price chart.

[deisik]

The current bitcoin prices are rising, even almost become a $ 750 price. so, I feel that it takes a very long time if you wait bitcoin price dropped to $ 100, even maybe you will lose if you wait for that moment, because bitcoin prices always go up and most likely the price will be $ 1,000 bitcoin and stable

Even though bitcoin prices are increasing day by day, it doesn’t mean that the prices will always stay up or even stable. More and more people are getting in to bitcoin daily and thus it affects the demand and supply mechanism and indirectly prices. I think bitcoin price will increase with a sustainable rate since the beginning of next year’s second last quarter till then we might experience fluctuations on price chart.

It can be any way which is even remotely possible

We are pretty much in an uncharted territory right now, even though we have seen higher prices before. Bitcoin may stagnate at its current levels for a few years with its price going to and fro, up and down. It can go down a few dozen percentages for some big enough whale cashing out and calling it a day. Or the price may continue to rise a few points every other day with adoption expanding, and that can last for long, since there is obviously a lot of room for further expansion. No matter how the price will behave in reality, we should be more or less prepared to cope with any of the possible scenarios

[Zadicar]

The current bitcoin prices are rising, even almost become a $ 750 price. so, I feel that it takes a very long time if you wait bitcoin price dropped to $ 100, even maybe you will lose if you wait for that moment, because bitcoin prices always go up and most likely the price will be $ 1,000 bitcoin and stable

Even though bitcoin prices are increasing day by day, it doesn’t mean that the prices will always stay up or even stable. More and more people are getting in to bitcoin daily and thus it affects the demand and supply mechanism and indirectly prices. I think bitcoin price will increase with a sustainable rate since the beginning of next year’s second last quarter till then we might experience fluctuations on price chart.

Fluctuations are normal on bitcoins price but i dont think that it will go lower down to $100 since the price is too high now and  that price is not possible to consider unless if all people tend to sell off their all bitcoin and lowers that price so bad and i dont think if that happens then most people will surely lost its trust to bitcoin and hesitate to buy more.

[xSkylarx]

All of us are waiting for it. But for that happen there must something big to happen in bitcoin that will result to drop its price until 100$. Bitcoin's price is nearly 800$ now so it would not be easy to drop its price like that. It is possible but at this rate that might happen in a very very low chance.

[Juhagic]

All of us are waiting for it. But for that happen there must something big to happen in bitcoin that will result to drop its price until 100$. Bitcoin's price is nearly 800$ now so it would not be easy to drop its price like that. It is possible but at this rate that might happen in a very very low chance.

If something big happen to the bitcoin, the price might drop to $500. If it drops to $100, it means bitcoin is dead.