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Author Topic: What Will it Take For BTC to Reach $1000?  (Read 20926 times)
JarvisTechnology
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June 15, 2015, 08:54:18 AM
 #121

What Will it Take For BTC to Reach $1000?

Let's discuss.

It seems impossible. I believe the trend should be on upwards node. It is right now going downward since last so many months. Even as the bitcoin users are increasing and there are more number of bitcoin transactions, still it is going downward.

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arallmuus
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June 15, 2015, 09:58:18 AM
 #122

It is very difficult to convince non-tech people to adopt something new that they haven't heard or used before.
It is actually much harder to convince them that a virtual coins on their computer have a value of $200~ each.

you got it, a pump is the only thing that can boost bitcoin price and force adoption in a short time, yeah it's not a natural grow, but what it really matter is what will happen after the pump

What will happen after a pump is a dump. A pump will always be followed by a dump afterward basically because some people are buying at the peak point which makes them cut their lost by dumping it back. A pump cant force adoption but a stable higher price would

The prevailing mindset is that when the BTC production limit is reached the price will skyrocket within the hour.

That would be in about 100 years later and all of us would be not around anymore by that time

I'm pretty sure someone already controls the price

Indeed, a whale or a group of whale controls it, could be the chinese (no fact about this, just my asumption)

China ban is lifted .... Russian ban is lifted

Even if the ban isnt lifted, most people from the country are still using and trading it as usual though

most likely in the next year if we are very very luck BTC will creep just above 300 usd ...but imho that is a stretch
with all the drama dev dislcord on 20mb or not block size etc etc

Next year will be the halving year, it is not yet clear what will happen after the next halving as the price might skyrocket or plummet to the ground instead. Also if the 20mb receive the consensus, the price will be decreasing alot


er to your last point....assuming 20mb consensus is reached....why would the price drop as a result (use small words this whole block size thing makes my head hurt)

and how would or could this differ should they say reach consensus on say an 8mb jump instead?

thanks


To be honest , that is the worst possible scenario available though due to most of the people that are not going with the consensus. Also based that on the last fork, there was alot of FUD regarding it

However if you want to take a deep look and make your own judgement for it, this is a good start https://bitcointalk.org/index.php?topic=1078123.0


It is right now going downward since last so many months. Even as the bitcoin users are increasing and there are more number of bitcoin transactions, still it is going downward.

Increasing number of people using it doesnt matter actually because right now the price is being manipulated by few traders. You can easily check that since previous months ago there have been alot of positive news regarding BTC but none of it made impact to the price . Somewhat, it will requires few years for the price to increase or perhaps next year atleast after halving
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June 15, 2015, 10:21:01 AM
 #123

For me,
just collect bitcoin as many as you can. Smiley
Amph
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June 15, 2015, 10:39:06 AM
Last edit: June 16, 2015, 07:21:19 AM by Amph
 #124

what will happen after a pump is a dump. A pump will always be followed by a dump afterward basically because some people are buying at the peak point which makes them cut their lost by dumping it back. A pump cant force adoption but a stable higher price would

the point of a pump is to actually force adoption(buy forcing many people to jump the train, to take their profit), while a natural grow, will raise the price without causing a dump after it, that's should be the difference
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June 15, 2015, 08:06:05 PM
 #125

what will happen after a pump is a dump. A pump will always be followed by a dump afterward basically because some people are buying at the peak point which makes them cut their lost by dumping it back. A pump cant force adoption but a stable higher price would

the point of a pump is to actually force adoption(buy forcing many people tu jump the train, to take their profit)

You said it yourself, jump on the train for profit . How do people profitted themselves from a pump then? It is by dumping them back . If we were to talk about mass adoption basically we are talking about people that is still unfamiliar with BTC and to convince or to attract someone further into BTC what you need isnt a pump / dump scheme but rather a solid stable price indeed
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June 16, 2015, 07:28:48 AM
 #126

what will happen after a pump is a dump. A pump will always be followed by a dump afterward basically because some people are buying at the peak point which makes them cut their lost by dumping it back. A pump cant force adoption but a stable higher price would

the point of a pump is to actually force adoption(buy forcing many people tu jump the train, to take their profit)

You said it yourself, jump on the train for profit . How do people profitted themselves from a pump then? It is by dumping them back . If we were to talk about mass adoption basically we are talking about people that is still unfamiliar with BTC and to convince or to attract someone further into BTC what you need isnt a pump / dump scheme but rather a solid stable price indeed

man it is exactly what i'm saying, with a natural grow you don't get the dump after it, but with a furious pump, you will probably return to the previous price after it, but it will try to force adoption anyway, in the sense of a momentary adoption

maybe i have not explained it well, but for forcing adoption, this is what I meant in reality
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June 16, 2015, 08:11:05 AM
 #127

what will happen after a pump is a dump. A pump will always be followed by a dump afterward basically because some people are buying at the peak point which makes them cut their lost by dumping it back. A pump cant force adoption but a stable higher price would

the point of a pump is to actually force adoption(buy forcing many people tu jump the train, to take their profit)

You said it yourself, jump on the train for profit . How do people profitted themselves from a pump then? It is by dumping them back . If we were to talk about mass adoption basically we are talking about people that is still unfamiliar with BTC and to convince or to attract someone further into BTC what you need isnt a pump / dump scheme but rather a solid stable price indeed

man it is exactly what i'm saying, with a natural grow you don't get the dump after it, but with a furious pump, you will probably return to the previous price after it, but it will try to force adoption anyway, in the sense of a momentary adoption

maybe i have not explained it well, but for forcing adoption, this is what I meant in reality


No its not the same, let me rephrase what I meant and what yours are. You keep on stating that a pump ( natural pump, fake pump, bubble , call it whatever you want ) will force an adoption while on the other hand Im staying with a stable price is much more needed for it ( stable price , not high price and theres a lot of difference on it )

Also that a "natural growth" isnt a guarantee that the price gonna be stable or it will not be dump later on. Dont confuse yourself with these words because natural growth =/= stable price

P.S : corrected some part of my previous post
P.S 2 : Stable price in my case will be somewhat similar to a stagnan price
JarvisTechnology
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June 16, 2015, 11:59:01 AM
 #128

It is right now going downward since last so many months. Even as the bitcoin users are increasing and there are more number of bitcoin transactions, still it is going downward.

Increasing number of people using it doesnt matter actually because right now the price is being manipulated by few traders. You can easily check that since previous months ago there have been alot of positive news regarding BTC but none of it made impact to the price . Somewhat, it will requires few years for the price to increase or perhaps next year atleast after halving
[/quote]

If that is the case, then it is dangerous for bitcoin economy, as most of the people are into it because of its decentralized nature. And I assume that few traders must be sitting at the very top to control the prices.

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June 16, 2015, 11:33:35 PM
 #129

It is right now going downward since last so many months. Even as the bitcoin users are increasing and there are more number of bitcoin transactions, still it is going downward.

Increasing number of people using it doesnt matter actually because right now the price is being manipulated by few traders. You can easily check that since previous months ago there have been alot of positive news regarding BTC but none of it made impact to the price . Somewhat, it will requires few years for the price to increase or perhaps next year atleast after halving

If that is the case, then it is dangerous for bitcoin economy, as most of the people are into it because of its decentralized nature. And I assume that few traders must be sitting at the very top to control the prices.

Exactly. This rapid rise on the back of no good news can only indicate that it is the activity of a few traders.
While price increase is good, people might wonder if it is a bubble and choose to wait before entering.


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June 17, 2015, 12:03:57 AM
 #130

For me,
just collect bitcoin as many as you can. Smiley

That is true but just holding bitcoin will not serve a purpose unless there is adoption from the people at higher level or else bitcoin would be just on paper and would disappear or get replaced by any other new crypto currency So its better that people start accepting it as a currency.
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June 17, 2015, 05:44:55 PM
 #131

What Will it Take For BTC to Reach $1000?

Let's discuss.

Supply & Demand controls the price. If the big greedy pump and dump miners actually scale back on dumping it the price will rise.

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June 17, 2015, 06:04:40 PM
 #132

What Will it Take For BTC to Reach $1000?

Let's discuss.

It seems impossible. I believe the trend should be on upwards node. It is right now going downward since last so many months. Even as the bitcoin users are increasing and there are more number of bitcoin transactions, still it is going downward.

It actually might go up since the twins actually got something done, and launched their own exchange called gemini.

So who knows it`ll probably bring more new blood to pump up prices. I dont know about $1k though, maybe a $100 increase to be more realistic.
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June 17, 2015, 07:10:16 PM
 #133

Supply & Demand controls the price.

You forgot to add the third factor that controls the price which is manipulation.

If the big greedy pump and dump miners actually scale back on dumping it the price will rise.

Most people are mining for profit and that would cause them to dump whatever amount they could get as long as the cost for mining < price of BTC . Miners dumping isnt a reason that the price hasnt reach $1000 to be honest and even with the miners keep on dumping , the price has been rallying for $23 now which serves as a proof that miners isnt at fault for dumping their mined BTC

to pump up prices. 

You should be aware that every pump will be followed by a dump shortly afterward . Pump will only create a bubble that burn alot of people anyway which happened at the $1200 peak before
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June 17, 2015, 07:18:01 PM
 #134

For me,
just collect bitcoin as many as you can. Smiley

That is true but just holding bitcoin will not serve a purpose unless there is adoption from the people at higher level or else bitcoin would be just on paper and would disappear or get replaced by any other new crypto currency So its better that people start accepting it as a currency.

no it won't be replaced by any other crypto, why they should adopt another clone when they don't like bitcoin in the first place? no-sense

the first point you mentioned is true, the poor should hold and the rich should buy, but actually is the opposite, the rich are manipulating the price and the poor are buying in their trap, making them even more richer

so it is just a matter of when this manipulation will bing enough poor people to buy until the price rise to 1k, with a bit of help from the whales
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June 17, 2015, 07:31:29 PM
 #135

For me,
just collect bitcoin as many as you can. Smiley

uh, so what if the bitcoin dropped to zero.

would you still want to collect many as you can then? I wouldnt think so, price is obviously what you need to factor.

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June 18, 2015, 12:43:23 AM
 #136

Supply & Demand controls the price.

You forgot to add the third factor that controls the price which is manipulation.

If the big greedy pump and dump miners actually scale back on dumping it the price will rise.

Most people are mining for profit and that would cause them to dump whatever amount they could get as long as the cost for mining < price of BTC . Miners dumping isnt a reason that the price hasnt reach $1000 to be honest and even with the miners keep on dumping , the price has been rallying for $23 now which serves as a proof that miners isnt at fault for dumping their mined BTC

to pump up prices. 

You should be aware that every pump will be followed by a dump shortly afterward . Pump will only create a bubble that burn alot of people anyway which happened at the $1200 peak before

But BTC HAS to keep getting the price higher and higher, eventually a new floor will be set, maybe the next bubble is 2000, and it crashes back to 1200 or something along the lines.
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June 18, 2015, 07:53:14 AM
 #137

A huge dump will begin ......

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June 18, 2015, 08:12:22 AM
 #138

Supply & Demand controls the price.

You forgot to add the third factor that controls the price which is manipulation.

If the big greedy pump and dump miners actually scale back on dumping it the price will rise.

Most people are mining for profit and that would cause them to dump whatever amount they could get as long as the cost for mining < price of BTC . Miners dumping isnt a reason that the price hasnt reach $1000 to be honest and even with the miners keep on dumping , the price has been rallying for $23 now which serves as a proof that miners isnt at fault for dumping their mined BTC

to pump up prices. 

You should be aware that every pump will be followed by a dump shortly afterward . Pump will only create a bubble that burn alot of people anyway which happened at the $1200 peak before

But BTC HAS to keep getting the price higher and higher, eventually a new floor will be set, maybe the next bubble is 2000, and it crashes back to 1200 or something along the lines.


Dont get yourself under delusion that the next bubble will be at $2000 and after that the price would be stabilized at $1200. It is 2015 and people are not stupid to fall into another bubble anymore because the peak of 2013 has burned alot of people.
Also that a bubble is not answer if you are seeking for $1000 price and it is called bubble for a reason. If people are seeking for BTC to reach $1000 then there will be no easy way to do it because only mass adoption could be the reason for it to happen and it wont be in such a short time
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June 18, 2015, 02:41:00 PM
 #139


Dont get yourself under delusion that the next bubble will be at $2000 and after that the price would be stabilized at $1200. It is 2015 and people are not stupid to fall into another bubble anymore because the peak of 2013 has burned alot of people.


Memories suddenly become an awful lot shorter when there's the belief that there's money to be made. People will talk themselves into anything when greed strikes.

This deflation has been epic and could be far from over yet but the reasons for another buying frenzy are arriving every day. It won't succeed without a few more bubbles on the way. It isn't necessarily helpful overall but if you throw in limited supplies, a small market cap, tiny number of users and future potential it's inevitable.

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June 18, 2015, 03:32:34 PM
 #140

it might do sometime in the future but for now it's better to focus on the closer and more realistic goals like $500
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