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Author Topic: What Will it Take For BTC to Reach $1000?  (Read 20926 times)
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October 06, 2016, 06:20:53 AM
 #221

What Will it Take For BTC to Reach $1000?

Let's discuss.

The original post was made on May of 2015. More than a year later Bitcoin is still under $1000. Not even the halving has made it rise above it. Some people have mentioned that the halving was the biggest chance for Bitcoin to reach and go over $1000. But it isn't so.

Now let us think of a new scenario and start over again from the beginning. What will it take for Bitcoin rise to $1000 and go beyond it?


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October 06, 2016, 06:54:30 AM
 #222

It is definitely going to take some time before that price is reached. I think it is not a matter of how, but a matter of when. We don't know exactly when but the long term trend is still intact, and that is going up. Let's just wait a while and before we know it, the price will be in the four digit level already.
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October 06, 2016, 07:07:01 AM
 #223

If bitcoin need be at 1000$ mark then it needs more users and to get more users we need to actively promote bitcoins to our friends and family. Everything takes time to grow, so we need to be patient. I got this idea of paying the software developers and programmers in bitcoins. All major IT companies and block chain companies  should make payments, at least some portion of the salary should be paid in bitcoin. This will help for the community to grow. I do not know how many companies would do that, but if they can we can see a huge growth in number of bitcoin users

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October 06, 2016, 07:55:08 AM
 #224

What Will it Take For BTC to Reach $1000?

Let's discuss.
I am not sure on what it is going to take but I can tell you that I have been waiting a long time for this to happen and I thought that it would happen at the previous rising.
It did not happen so I think that it has to happen the next time the Bitcoin is rising.
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October 06, 2016, 08:00:58 AM
 #225

What Will it Take For BTC to Reach $1000?

Let's discuss.
I am not sure on what it is going to take but I can tell you that I have been waiting a long time for this to happen and I thought that it would happen at the previous rising.
It did not happen so I think that it has to happen the next time the Bitcoin is rising.

It has all to do with expectations that are way too high. Back in June of this year people seriously were thinking the price would reach $1000 this year. I must admit that at the peak it was looking like a possibility, but people simply overlooked the bubble that was created by the hype and speculation around the block halving. It had to burst, and it did.

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October 06, 2016, 08:03:32 AM
 #226

It takes what it always takes for a price increase: The supply of bitcoin must decrease or the demand increase, or both together.
That could be reached with a growth of the bitcoin community. More people here who want to buy coins leads to both of the above.
Or a big investor enters bitcoin and buys. Then the supply decreases as well.
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October 06, 2016, 08:10:58 AM
 #227

It is definitely going to take some time before that price is reached. I think it is not a matter of how, but a matter of when. We don't know exactly when but the long term trend is still intact, and that is going up. Let's just wait a while and before we know it, the price will be in the four digit level already.

It would actually be really great if we could reach that limit in coming year, 2017, because there would be a massive adoption level increase in that year that is what i feel because it is already increasing and spreading in the world in terms of population and the more its population grows the more places would take interest in it and then the price will have a chance to grow.
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October 07, 2016, 09:49:00 PM
 #228

It takes what it always takes for a price increase: The supply of bitcoin must decrease or the demand increase, or both together.
That could be reached with a growth of the bitcoin community. More people here who want to buy coins leads to both of the above.
Or a big investor enters bitcoin and buys. Then the supply decreases as well.

I think that another scenario which can pump the price to $1,000 is when all people from other cryptocurrencies move to bitcoin.

We understand that people trade from bitcoin to altcoins and vice versa but what if they leave the altcoins and focus only on bitcoin/fiat exchange, by this the price could reach $1,000 easier.
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October 07, 2016, 10:32:01 PM
 #229

For Bitcoin to reach 1000$, it needs improvements. Besides improvements, it needs more whales to invest in it and a low supply in my opinion. The improvement they need to implement for it to reach 1000$ I think is the transaction confirmation time since sometimes, it is slow and delayed. If it is lightning fast, it would attract more whales to invest in bitcoin and it will cause a price rise.
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October 07, 2016, 10:33:14 PM
 #230

It is definitely going to take some time before that price is reached. I think it is not a matter of how, but a matter of when. We don't know exactly when but the long term trend is still intact, and that is going up. Let's just wait a while and before we know it, the price will be in the four digit level already.
yeah true what you say that I'm sure the price of bitcoin sure to touch $ 1,000 back. I do not know when it happened, but look at the development of bitcoin is getting better again, I can ensure that the future certainly bitcoin prices will be more than $ 1,000 just wait
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October 07, 2016, 10:58:55 PM
 #231

a hardfork and a bigger block size.

the math is quite easy.

metcalfes law suggests that the value of a network increases by a factor that relates to the number of active users squared.

More users means more transactions, so bigger block sizes are needed.

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October 08, 2016, 01:15:51 AM
 #232

For Bitcoin to reach 1000$, it needs improvements. Besides improvements, it needs more whales to invest in it and a low supply in my opinion. The improvement they need to implement for it to reach 1000$ I think is the transaction confirmation time since sometimes, it is slow and delayed. If it is lightning fast, it would attract more whales to invest in bitcoin and it will cause a price rise.
yeah i think it needs a lot of things that must be prepared for bitcoin prices could rise to $ 1,000 back, I do not want prices to rise quickly and fall very quickly as well, such as a few years ago, I would like bitcoin prices could stabilize in the $ 1000 price
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October 08, 2016, 02:11:48 AM
 #233

For Bitcoin to reach 1000$, it needs improvements. Besides improvements, it needs more whales to invest in it and a low supply in my opinion. The improvement they need to implement for it to reach 1000$ I think is the transaction confirmation time since sometimes, it is slow and delayed. If it is lightning fast, it would attract more whales to invest in bitcoin and it will cause a price rise.
yeah i think it needs a lot of things that must be prepared for bitcoin prices could rise to $ 1,000 back, I do not want prices to rise quickly and fall very quickly as well, such as a few years ago, I would like bitcoin prices could stabilize in the $ 1000 price
It would really need  high  adoption on bitcoin  in able to  increase its price to $1k price point . Same as yours i dont like to see price of bitcoin rise  quickly because  the  intence of  falling  back is also there . Its better to  increase gradually  and  lets wait  for bitcoin to improve more in  the future. As long there are  bitcoin users  , this would surely improve more in the long run.

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October 08, 2016, 02:12:27 AM
 #234

I do not think it so hard needed good upgrades but that it needs way more publicity and more people that are willing to work with it.
Only than we can reach such numbers.
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October 08, 2016, 06:57:42 AM
 #235

I do not think it so hard needed good upgrades but that it needs way more publicity and more people that are willing to work with it.
Only than we can reach such numbers.

Not only upgrades  but  more  on adoption and  more  people  would  tend to buy even more bitcoin and  with this  the  supply would  lessen and demand  would rise which means the  price of bitcoin would  definitely rise and  it would really need a high demand  in able  to reach it on $1000 mark but for now we would  hard to see that price for sure.
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October 08, 2016, 07:37:37 AM
 #236

I do not think it so hard needed good upgrades but that it needs way more publicity and more people that are willing to work with it.
Only than we can reach such numbers.
The current system is already good with bitcoin, it is the support of the people that will make the price go up like that, the demand should increase and since we are seeing big businesses that accepts bitcoin and big contributor is the gambling industry, they really make the price of bitcoin good.

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October 08, 2016, 07:43:19 AM
 #237

I do not think it so hard needed good upgrades but that it needs way more publicity and more people that are willing to work with it.
Only than we can reach such numbers.
The current system is already good with bitcoin, it is the support of the people that will make the price go up like that, the demand should increase and since we are seeing big businesses that accepts bitcoin and big contributor is the gambling industry, they really make the price of bitcoin good.

yeah, with lacking investing,gambling seem the main market make bitcoin price go up

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October 08, 2016, 07:50:41 AM
 #238

I do not think it so hard needed good upgrades but that it needs way more publicity and more people that are willing to work with it.
Only than we can reach such numbers.
The current system is already good with bitcoin, it is the support of the people that will make the price go up like that, the demand should increase and since we are seeing big businesses that accepts bitcoin and big contributor is the gambling industry, they really make the price of bitcoin good.

Yeah and I think the adoption is key here, price can go much higher in future if we find new investors and big companies that are willing to put their money in bitcoins, if that happens $1k price won't be hard to achieve.
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October 08, 2016, 08:48:28 AM
 #239

I do not think it so hard needed good upgrades but that it needs way more publicity and more people that are willing to work with it.
Only than we can reach such numbers.
The current system is already good with bitcoin, it is the support of the people that will make the price go up like that, the demand should increase and since we are seeing big businesses that accepts bitcoin and big contributor is the gambling industry, they really make the price of bitcoin good.

Yeah and I think the adoption is key here, price can go much higher in future if we find new investors and big companies that are willing to put their money in bitcoins, if that happens $1k price won't be hard to achieve.

Indeed, it wont be hard to achieve such  price if the  adoption would increase and  many big investors would tend to  put money into bitcoin and  for sure  price would  increase and as expected it would  still go down  when that  price  point because  all of those long  bitcoin  holders would definitely sold out their coins  espcially to those who  bought on $600 price mark.

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October 08, 2016, 08:58:23 AM
 #240

What Will it Take For BTC to Reach $1000?

Let's discuss.

A hard dump when the price reached $2,000 lol. People will start buying bitcoin and this will be trending like gold and bitcoin is spread everywhere and the price will gradually increase to $1k.
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