Bitcoin will never again be priced over $300.

[LFC_Bitcoin]

'The bitcoin price will never again go above 300 USD'



What a ridiculous statement.
I'd understand if you'd said we'll never again reach the ATH (even then you'd be wrong) but 300 USD, come on man.
Look in the mirror and ask yourself do you really think it's imposdible that the price will rise 70 USD?
This is extreme trolling & FUD.

[spartacusrex]

Don't think of it purely in terms of the 'Price'.

Bitcoin's success really has very little to do with that. IMHO.

I 'use' them, for ..err... medical reasons..!

I can transfer value to anyone in the world, without someone telling me whether I'm 'allowed' to or not. None of anyone's business but my own.

The price makes no difference to me. I buy btc - send btc.

I will keep using it. And that's all that matters really.

I think it will be a very long time before the last server is stopped..






 

[Steamingoff]

dudes paypal and bitcoin are becoming partners the value of one btc will skyrocket when that happens ps. its happening later this year 

[nizamcc]

OP must be a kid to say such a shit out of his mouth.
Bitcoins are worth much much more than what he thinks.
Bitcoins will be more than $600 till this years' end, MARK MY WORDS.

[Amph]

Don't think of it purely in terms of the 'Price'.

Bitcoin's success really has very little to do with that. IMHO.

I 'use' them, for ..err... medical reasons..!

I can transfer value to anyone in the world, without someone telling me whether I'm 'allowed' to or not. None of anyone's business but my own.

The price makes no difference to me. I buy btc - send btc.

I will keep using it. And that's all that matters really.

I think it will be a very long time before the last server is stopped..

yeah i agree the price will be just a consequence of the succeed of bitcoin, first you sets the foundation then you start to raise the value of your project

as long as the numbers of transactions are growing(and not counting those who are just moving their btc on cold storage) bitcoin is safe from the death

[jdebunt]

I'm pretty sure it will go over US$300 once again in the near future, but i'm not worried if it takes a while

[inca]

Although you see no value 300$ is a very near price, and it will reach it,I could even say this year
If you had said 3000 I may have believed you,but manipulation can take the price to 300

If traders used the same ammunition to buy the price upwards instead of selling it down last night we would be over 300 already.

OP's initial argument totally ignores the basis of what gives bitcoin value. Exchange supply and demand.

Mining costs chase the block reward - which is analogous to the bitcoin price - until equilibrium is reached. However, bitcoin is priced by supply and demand. Should demand shoot up (say the opening of much trumpeted ETF) then exchanges will be drained of the 'float' of coins which sets the price (99.x% of coins are not involved in setting the price).

What happens next is what happened every other time bitcoin bubbled, the price soars. Suddenly mining is wildly profitable again (in spite of the exponentially falling block reward) and sunk mining costs increase to chase that reward.

It is a cycle.

[1Referee]

OP must be a kid to say such a shit out of his mouth.
Bitcoins are worth much much more than what he thinks.
Bitcoins will be more than $600 till this years' end, MARK MY WORDS.

Ok, your words are MARKED.

I only think they are not so meaningful as $600 this year won't happen if you think logically. But I am quite sure it will at least go over $300 this year. My targets are $350 this year.

[Kprawn]

Until the Willy Bot strikes back again 

Question : How many of those 21 000 000 coins are availlable now, and how many of them will be availlable in the open market, as the time goes by? {Subtract all hodl/hoarded coins} 

If everything is purely based on "Supply & Demand" we would see a price skyrocket soon. As we all know, it's not that simple, and we can just guess what the price will be doing.

Until then, chill out and drink some coffee and smoke some weed and eat some pizza. 

[Light]

Lol OP has completely disappeared from this ridiculous thread.

More like he's just away. The argument is actually interesting from a logic perspective - I'm curious to see how anyone properly justifies their side.

It will surprise us again.

Personally I'd like to think it would - but you never know when it comes to the future. Anything can literally happen - just somethings are more likely than others. That being said, I'm inclined to believe that there are 2 major scenarios:

1) Bitcoin loses support over time and dies just like another fad. OP's prediction would make sense in light of a falling demand.
2) Bitcoin achieves more mainstream adoption and attention (alongside merchant acceptance) which would see a rise in demand and subsequently price.

[qwk]

Re: Bitcoin will never reach $20 again

This is why I have liquidated my position in Bitcoins.  There is very little upside going forward.  No forward moves of late have any traction whatsoever and demand continues to lag.  Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.

 

[Lauda]

It will surprise us again.

Personally I'd like to think it would - but you never know when it comes to the future. Anything can literally happen - just somethings are more likely than others. That being said, I'm inclined to believe that there are 2 major scenarios:

1) Bitcoin loses support over time and dies just like another fad. OP's prediction would make sense in light of a falling demand.
2) Bitcoin achieves more mainstream adoption and attention (alongside merchant acceptance) which would see a rise in demand and subsequently price.

I guess deep down we all know that 1) isn't going to happen. Let's take a look at it. Do you know anyone that abandoned Bitcoin after using it? Exclude people that got burned because they thought they are "traders", which they aren't. I don't know anyone.
Individuals have been slowly jumping on the 'train', companies and investors too. I'm saying we give this time.
I've always wondered why people are obsessed with the price? The price does not matter at all, unless you're here for the wrong reasons.
Can you use Bitcoin as a means of payment/transfer of value when 1BTC = $1? Yes.

[8up]

It will surprise us again.

Personally I'd like to think it would - but you never know when it comes to the future. Anything can literally happen - just somethings are more likely than others. That being said, I'm inclined to believe that there are 2 major scenarios:

1) Bitcoin loses support over time and dies just like another fad. OP's prediction would make sense in light of a falling demand.
2) Bitcoin achieves more mainstream adoption and attention (alongside merchant acceptance) which would see a rise in demand and subsequently price.

I guess deep down we all know that 1) isn't going to happen. Let's take a look at it. Do you know anyone that abandoned Bitcoin after using it? Exclude people that got burned because they thought they are "traders", which they aren't. I don't know anyone.
Individuals have been slowly jumping on the 'train', companies and investors too. I'm saying we give this time.
I've always wondered why people are obsessed with the price? The price does not matter at all, unless you're here for the wrong reasons.
Can you use Bitcoin as a means of payment/transfer of value when 1BTC = $1? Yes.

You can not make yourself unthink, what once flashed your brain. It (life) is basically a one-way street. Appreciate change or die.

[ipbo]

Patience is a virtue and time will come soon.

[nizamcc]

OP must be a kid to say such a shit out of his mouth.
Bitcoins are worth much much more than what he thinks.
Bitcoins will be more than $600 till this years' end, MARK MY WORDS.

Ok, your words are MARKED.

I only think they are not so meaningful as $600 this year won't happen if you think logically. But I am quite sure it will at least go over $300 this year. My targets are $350 this year.

Don't worry, surprises happen.
But I am not upto surprises, there are many reasons which will let Bitcoins skyrocket at least once for sure. Still, if you are talking about my logic, I always take it as 1 BTC = 1 BTC, so never had a problem with its price either.

[sgk]

Send bitcoin to a blackhole wallet no one can access. Now there is less bitcoin in existence. More demand. Price skyrockets.

Lower supply shouldn't be the only factor taken into consideration for price speculation.

Just remember: if Bitcoin reaches to a very low supply to public demand and the price reaches an unbearable level for people to afford, people will just move to a more widely available coin (like LTC or maybe some other alt coin popular at that time).

[minerpumpkin]

Until the Willy Bot strikes back again 

Question : How many of those 21 000 000 coins are availlable now, and how many of them will be availlable in the open market, as the time goes by? {Subtract all hodl/hoarded coins} 

If everything is purely based on "Supply & Demand" we would see a price skyrocket soon. As we all know, it's not that simple, and we can just guess what the price will be doing.

Until then, chill out and drink some coffee and smoke some weed and eat some pizza. 

Yeah that's the big question. If 75% of the coins are already lost in some way, we're effectively experiencing quite a strong influx of newly mined coins every day, that push down the price (increased supply). Of course, in the end, the total number of coins is fixed and limited, but right now I believe the influx of new coins is higher than the demand. That is what turning the market around is difficult. We need the halving. We need Wall Street.

[minerpumpkin]

Don't forget that the number of users is growing and the number of coins in circulation may stand still or even decline after the halving.
Private keys are being forgotten, lost and stolen every day so we'll have to somehow share the rest. If only 1% of worlds population start using Bitcoin the price will be far above $300.

Yeah, but it is very difficult to push Bitcoin's adoption to those levels, actually! 1% of the population is quite a lot! It really is a good thing the halving isn't that far away anymore, but right now we're being showered in coins!

[randy8777]

it's not that hard to go over $300 but definitely not in the comming months. maybe end of the year or beginning next year. long term trend is up. short term doesn't look so bright.

[g-unit]

This thread is more bullshit than I can handle. Never over 300 again? Lmao. There is one thing I've noticed about negative people on here: they either lost a lot of money (realized losses), invested more than they could afford, or didn't make a quick buck like they thought they would.

Then again...who cares what the price is if you're investing a little bit every week for the longterm? Price has failed to retest 200 since the 160 bottom in January that was 4 months ago. That fact alone is a good sign. The longer we stay above 200 or anywhere above 160 for that matter just solidifies and reinforces that we are in an upward trend now.