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Author Topic: What Will it Take For BTC to Reach $1000?  (Read 20823 times)
operrajunk74
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May 07, 2015, 11:20:07 PM
 #21

If the rate of adoption is high then it would definitely reach $1000. But its like dreaming with an open eyes. The awareness level is not upto the mark as it should be. And it will take time for people to start having faith in bitcoin as people are more scared of scams.
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May 08, 2015, 05:13:23 PM
 #22

First, price needs to stop falling. After stabelizing it can grow, but if the demand for bitcoins will be high. More people must start accepting btc as payment...more online stores, more physical stores.
And...something has to be done about all this scams. Bitcoin is not about scaming, but about trust. We need trust, we need it badly.
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May 08, 2015, 05:26:13 PM
 #23

We're still a year out from the next halving which will help the price climb if it doesn't doesn't drop more from here. Price is very accurate right now and showing the real demand. But the real answer is "Time". Give it 2-3 years. 
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May 09, 2015, 12:19:04 PM
 #24

Well, bitcoin has already been at $1000, so it's possible again.  The only, and I mean ONLY, thing it would take is for people to bid up the price that high again.  It doesn't matter if more people adopt it, it doesn't matter if people hold it--folks just have to want to pay more for it.  If there was only 1 bitcoin left on the planet and people would only pay $1 for it, that's what the market price would be.

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May 09, 2015, 02:12:31 PM
 #25

We're still a year out from the next halving which will help the price climb if it doesn't doesn't drop more from here. Price is very accurate right now and showing the real demand. But the real answer is "Time". Give it 2-3 years. 

Andreas Antonopoulous said "give it two years", so two years from now we should see something really interesting going on, things should have changed, but I actually hope it happens at a slower pace, lots of us still are stacking up BTC.
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May 09, 2015, 04:43:57 PM
 #26

Let me see. First I would say If it goes mainstream. Or if the cap limit is about to be reached. Or perhaps some form of endorsement from a country to adopt it as an alternative currency. I think these factors would be the main driver that will again bring up the price.

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May 09, 2015, 05:13:44 PM
 #27

What Will it Take For BTC to Reach $1000?

Let's discuss.

for this year, i am not sure btc to reach $1000
but for next year maybe because there will be halving for btc.
I hope for the next year btc to reach it.

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May 09, 2015, 05:15:13 PM
 #28

I'm pretty sure someone already controls the price

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May 09, 2015, 05:58:56 PM
 #29

Well, bitcoin has already been at $1000, so it's possible again.  The only, and I mean ONLY, thing it would take is for people to bid up the price that high again.  It doesn't matter if more people adopt it, it doesn't matter if people hold it--folks just have to want to pay more for it.  If there was only 1 bitcoin left on the planet and people would only pay $1 for it, that's what the market price would be.

Why do you saud that people want to buy $1 for 1 bitcoin? If in this planet bitcoin is left the last one. Many people will bid for it and then the price is gonna skyrocketing and will get to the moon, because it become so rare about this bitcoin and the market will know about it anyway so they wont sell it cheap for sure

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May 09, 2015, 07:16:22 PM
 #30

I'm pretty sure someone already controls the price

it is more than one person, and the longer the market will fall the more people will be able to control it...

so reaching 1k is about manipulation at this point, other than big demand, because at 1k the market cap is still too low to be free from being maneuvered
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May 09, 2015, 10:02:52 PM
 #31

Take a look at this graph

Notice how quickly the price spiked?  That's not normal. Basically we can deduce that the price wasn't hit by normal trading conditions. If I'm not mistaken, I think it was merely the period of about a month or two where that the price was able to hit 1k. If you look towards the end of the graph you can see that we're round about where the increasing slope would be, maybe just a bit under, but we're on par.  

We won't hit 1000 soon again without something like a another willy bot and a whale or two appearing again.
 
Summon the Willy bot Roll Eyes
This. People who believe that price of $1000 from end of 2013 were 'real' are blind.  This situation can be achieved once more. All we need to do is establish a group of "Willy bots" on 2-3 major bitcoin exchanges and price will reach the moon once more. All we need for that is a bot and a whale.

Shocked BUY GAMESWITHBTCITCOINFORDISCOUNTEDPRICES Shocked
The Pharmacist
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May 09, 2015, 10:46:37 PM
 #32

Well, bitcoin has already been at $1000, so it's possible again.  The only, and I mean ONLY, thing it would take is for people to bid up the price that high again.  It doesn't matter if more people adopt it, it doesn't matter if people hold it--folks just have to want to pay more for it.  If there was only 1 bitcoin left on the planet and people would only pay $1 for it, that's what the market price would be.

Why do you saud that people want to buy $1 for 1 bitcoin? If in this planet bitcoin is left the last one. Many people will bid for it and then the price is gonna skyrocketing and will get to the moon, because it become so rare about this bitcoin and the market will know about it anyway so they wont sell it cheap for sure

I get what you're saying, but consider a time in the future where no one wants bitcoin.  For whatever reason, could be that it's been made illegal in many countries, could be that it's become obsolete.  In that scenario it wouldn't matter at all how many were left, because demand wouldn't be there.

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May 09, 2015, 10:58:49 PM
 #33


I get what you're saying, but consider a time in the future where no one wants bitcoin.  For whatever reason, could be that it's been made illegal in many countries, could be that it's become obsolete.  In that scenario it wouldn't matter at all how many were left, because demand wouldn't be there.


If it was back to $1 for 1 BTC then it would be effectively dead. I'd wait until it was $1 for 100,000 or more before 'investing'.

If the blockchain was still intact there'd always be a few people who'd want to own coins if only for curiosity or nostalgia. It would only take a small number wanting the same thing to give it some market value, however tiny.

I can imagine someone somewhere would carry on mining as well just for academic purposes. It could well become totally irrelevant but never quite totally dead.

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May 10, 2015, 03:45:32 AM
 #34

What Will it Take For BTC to Reach $1000?

Let's discuss.

Every night before you go to sleep...you need to pray for btc to reach $1000.

You need to pray to Jesus (the white prophet), Mohammed (the black prophet), and Santa Claus (the red prophet).

Every day you pray to the Gods, is another good day for bitcoin adoption and price. If you pray 5 times a day btc price will increase by 20 x 5 (the 5 is because you prayed 5 times)..so 100 dollars if you pray 5 times that day.

If you forget to do your prayers, btc price will go down, and bitcoin adoption will get reversed because people will be manipulated by the gods to forget about bitcoin (because you didn't do your prayers).

If you pray with other people, like friends or family, there is a multiplier effect which will increase bitcoin price even more.

Good luck with your prayers, i'm counting on you.
This is the best advice I have ever seen in this forum, and I believe this could help to raise the Bitcoin Price. But anyway, if you just praying and not do anything. It will be useless...

THIS USED TO BE A GOOD PLACE
BTCevo
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May 10, 2015, 09:40:18 AM
 #35

Well, bitcoin has already been at $1000, so it's possible again.  The only, and I mean ONLY, thing it would take is for people to bid up the price that high again.  It doesn't matter if more people adopt it, it doesn't matter if people hold it--folks just have to want to pay more for it.  If there was only 1 bitcoin left on the planet and people would only pay $1 for it, that's what the market price would be.

Why do you saud that people want to buy $1 for 1 bitcoin? If in this planet bitcoin is left the last one. Many people will bid for it and then the price is gonna skyrocketing and will get to the moon, because it become so rare about this bitcoin and the market will know about it anyway so they wont sell it cheap for sure

I get what you're saying, but consider a time in the future where no one wants bitcoin.  For whatever reason, could be that it's been made illegal in many countries, could be that it's become obsolete.  In that scenario it wouldn't matter at all how many were left, because demand wouldn't be there.

That future that you saying is so far to go, I guess that will be decades or more until that day come. So meanwhile we can start collecting it and we can have some more profit now and before that time come there will be some issue to tell us to dump it. But with that conditions we are still getting profit somehow

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May 10, 2015, 10:32:49 AM
 #36

I think we stand before a rise of the price. Why? Many companies have recently showed interest into blockchain and crypto currency technology (UBS, Western Union, IBM etc). Most of them currently do research how they can use the technology for there business field. As soon as there are the first practical apps and use cases the price of Bitcoin and crypto currencies in common will rise for sure.



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The Pharmacist
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May 10, 2015, 11:38:52 PM
 #37

Well, bitcoin has already been at $1000, so it's possible again.  The only, and I mean ONLY, thing it would take is for people to bid up the price that high again.  It doesn't matter if more people adopt it, it doesn't matter if people hold it--folks just have to want to pay more for it.  If there was only 1 bitcoin left on the planet and people would only pay $1 for it, that's what the market price would be.

Why do you saud that people want to buy $1 for 1 bitcoin? If in this planet bitcoin is left the last one. Many people will bid for it and then the price is gonna skyrocketing and will get to the moon, because it become so rare about this bitcoin and the market will know about it anyway so they wont sell it cheap for sure

I get what you're saying, but consider a time in the future where no one wants bitcoin.  For whatever reason, could be that it's been made illegal in many countries, could be that it's become obsolete.  In that scenario it wouldn't matter at all how many were left, because demand wouldn't be there.

That future that you saying is so far to go, I guess that will be decades or more until that day come. So meanwhile we can start collecting it and we can have some more profit now and before that time come there will be some issue to tell us to dump it. But with that conditions we are still getting profit somehow

I didn't understand one bit of the gibberish you wrote, but the scenario that I posted was hypothetical.  I understand a lot gets lost in the translation when speaking to the retarded, but try to stay with me. 

It's like this:  it doesn't matter if there are only 10 shares of Enron on the market, with the rest being held onto tightly by Ken Lay.  If no one wants to buy the stock or the company has gone bankrupt, then the price is going to be in the toilet. La toilette.  Not sure how to say that in idiot-speak.  Supply and demand.

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May 11, 2015, 12:21:45 AM
 #38

i think when bitcoin grow and many company use bitcoin for payment. i think bitcoin price will up again. so we need time for this

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May 11, 2015, 01:55:50 AM
 #39

It will take one or two small counties hopping on board after their native currencies fail. 

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May 11, 2015, 05:26:04 AM
 #40

It will take about 15,000 people to buy 1,000 coins who won't be willing to sell at prices below a $1,000.  Grin Cool Grin
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