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Author Topic: What Will it Take For BTC to Reach $1000?  (Read 20926 times)
soros017
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February 03, 2017, 10:19:36 AM
 #381

Well it has already reaches 1000$ as for now.
But yeah I guess there are a few reasons which will help it reach 1000$ easily.
First if china government doesn't interfere and tell it's people that it is risky as last time they issued a warning that bitcoin is risky the price fell from 1100$ to 800$.
Second reason awareness.  As day by day bitcoin keeps getting more famous daily due to this reason it can be easy for bitcoin to touch 1000$.
If China had the power to compromise the operation of the network, I think they would have already done it. They know that without points of centralization it becomes difficult to stop the currency, so I suppose the best thing they could do is not try to interfere with Bitcoin's progress, since that would only bring more media coverage, and more people would be aware of the existence of the currency.
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February 03, 2017, 12:41:47 PM
 #382

Now that bitcoin has reached $1000 it will be a good idea for people to hold on to their btc to maintain the price
 or we can just buy more btc  to push price even higher

This topic should retire and change the title since bitcoin has reached the One Thousand Dollars value per coin. This topic should be changed to "What will it take for btc to reach two thousand dollar value?". Im glad that bitcoin has really come back to 1000$ value in just a few weeks I am looking for another increase in value and I do hope it will reach 2000 $ value by march.
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February 03, 2017, 12:56:48 PM
 #383

Well it has already reaches 1000$ as for now.
But yeah I guess there are a few reasons which will help it reach 1000$ easily.
First if china government doesn't interfere and tell it's people that it is risky as last time they issued a warning that bitcoin is risky the price fell from 1100$ to 800$.
Second reason awareness.  As day by day bitcoin keeps getting more famous daily due to this reason it can be easy for bitcoin to touch 1000$.
If China had the power to compromise the operation of the network, I think they would have already done it. They know that without points of centralization it becomes difficult to stop the currency, so I suppose the best thing they could do is not try to interfere with Bitcoin's progress, since that would only bring more media coverage, and more people would be aware of the existence of the currency.
Exactly, people will be amaze on how this technology so valuable that it reach to the price of $1,000. When they learn that, they will become curious and possibly they will do additional research and I am pretty sure they will be convince with the information they might read in the internet. Users of bitcoin are very optimistic, therefore it is expected the most feedback about bitcoin are positive.
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February 03, 2017, 01:41:50 PM
 #384

Now that bitcoin has reached $1000 it will be a good idea for people to hold on to their btc to maintain the price
 or we can just buy more btc  to push price even higher
holding bitcoin even at this stage is a good idea. i did not sold my bitcoin when the price cross 1150 in previous day and still not going to sell my bitcoin even if the price of bitcoin will cross 1200 USD level. because i am still pretty confident that this time the price of bitcoin is going to cross every 1600 use level very soon, so i am not going to sell my bitcoin in next moth or two.
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February 03, 2017, 10:08:32 PM
 #385

Looks like we are going to hit 1000$ again Smiley  This time we may stay above that for a while.  I don't see why not.  Expectation of price increase means people will hodl and the usual buying will slowly increase prices as it will be larger than the selling pressure over a long period.  I could be wrong, but I dont see bitcoin going anywhere but up in the long run.  Of course, its -30% here, +30% there...
As at today the 2 February 2017 bitcoin is trading over $1000 and to me that is a good news. Trading experts are oready predicating that bitcoin is going to trade over $2000 before the end of this year. Both fundamental and technical analyst are predicting positive outlook for bitcoin and other major cryptocurrencies for the first quarter of the year.
2000 seems like a lot especially if the prediction is for this year I think the first thing that could justify that prediction for bitcoin price is to surpass the maximum historical price of bitcoin relatively soon, that could create a lot of confidence on the investors.



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February 03, 2017, 11:01:54 PM
 #386

Now that bitcoin has reached $1000 it will be a good idea for people to hold on to their btc to maintain the price
 or we can just buy more btc  to push price even higher
holding bitcoin even at this stage is a good idea. i did not sold my bitcoin when the price cross 1150 in previous day and still not going to sell my bitcoin even if the price of bitcoin will cross 1200 USD level. because i am still pretty confident that this time the price of bitcoin is going to cross every 1600 use level very soon, so i am not going to sell my bitcoin in next moth or two.
I also decided to hold in the last time the price crossed the thousand dollar range, a few weeks ago. The price fell next, but the recovery came weeks later, and now I think there is a higher level of support in the market. The Bitcoin chart is very bullish, and in my opinion the best thing to do now is to be patient and hold on.
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February 04, 2017, 08:46:46 AM
 #387

Well it has already reaches 1000$ as for now.
But yeah I guess there are a few reasons which will help it reach 1000$ easily.
First if china government doesn't interfere and tell it's people that it is risky as last time they issued a warning that bitcoin is risky the price fell from 1100$ to 800$.
Second reason awareness.  As day by day bitcoin keeps getting more famous daily due to this reason it can be easy for bitcoin to touch 1000$.
If China had the power to compromise the operation of the network, I think they would have already done it. They know that without points of centralization it becomes difficult to stop the currency, so I suppose the best thing they could do is not try to interfere with Bitcoin's progress, since that would only bring more media coverage, and more people would be aware of the existence of the currency.
Well what you said did make sense. And if you see the price is controlled by the Chinese. But about media coverage I don't think it will affect the price much. Because I think the investors in china don't have any background knowledge of bitcoin as we saw last time when their government wanted to reduce the price they made a warning and of course without thinking anything they started selling bitcoins and the price reduced. If the government makes another sort of warning this time and the Chinese again start selling then I'm 100% sure they have no knowledge about bitcoin.



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February 04, 2017, 08:53:19 AM
 #388

The price of the bitcoin increase only when there is a huge demand for bitcoin. It means when people need bitcoin directly they will go to the exchange and they can buy it from there. So if people are holding bitcoin automatically the value of bitcoin will increase.


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February 04, 2017, 09:53:14 AM
 #389

Well it has already reaches 1000$ as for now.
But yeah I guess there are a few reasons which will help it reach 1000$ easily.
First if china government doesn't interfere and tell it's people that it is risky as last time they issued a warning that bitcoin is risky the price fell from 1100$ to 800$.
Second reason awareness.  As day by day bitcoin keeps getting more famous daily due to this reason it can be easy for bitcoin to touch 1000$.
If China had the power to compromise the operation of the network, I think they would have already done it. They know that without points of centralization it becomes difficult to stop the currency, so I suppose the best thing they could do is not try to interfere with Bitcoin's progress, since that would only bring more media coverage, and more people would be aware of the existence of the currency.
I think that even if china has the hash power for the bitcoin people always relate any change of the bitcoin price to it and that is completely wrong, the price of the bitcoin changes according to the demand and we who are holding the bitcoin if we keep on holding the price keeps going up and that is how the price can reach $1000.
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February 04, 2017, 07:41:08 PM
 #390

Well it has already reaches 1000$ as for now.
But yeah I guess there are a few reasons which will help it reach 1000$ easily.
First if china government doesn't interfere and tell it's people that it is risky as last time they issued a warning that bitcoin is risky the price fell from 1100$ to 800$.
Second reason awareness.  As day by day bitcoin keeps getting more famous daily due to this reason it can be easy for bitcoin to touch 1000$.
If China had the power to compromise the operation of the network, I think they would have already done it. They know that without points of centralization it becomes difficult to stop the currency, so I suppose the best thing they could do is not try to interfere with Bitcoin's progress, since that would only bring more media coverage, and more people would be aware of the existence of the currency.
I think that even if china has the hash power for the bitcoin people always relate any change of the bitcoin price to it and that is completely wrong, the price of the bitcoin changes according to the demand and we who are holding the bitcoin if we keep on holding the price keeps going up and that is how the price can reach $1000.
Well of course you are absolutely right that the price changes because of demand. But you are also wrong when you say that china doesn't control the price. Here's a proof:
Remember recently bitcoin reached 1100$+ and then suddenly fell to 700$ or something. The reason for this is because people in china started selling all their bitcoins. Now it is weird why would so many people start selling their bitcoins suddenly right. The reason is the central bank of china issued a note bitcoin is a risky investment. So you still think that the price isn't controlled by china.



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February 04, 2017, 08:36:49 PM
 #391

Well it has already reaches 1000$ as for now.
But yeah I guess there are a few reasons which will help it reach 1000$ easily.
First if china government doesn't interfere and tell it's people that it is risky as last time they issued a warning that bitcoin is risky the price fell from 1100$ to 800$.
Second reason awareness.  As day by day bitcoin keeps getting more famous daily due to this reason it can be easy for bitcoin to touch 1000$.
If China had the power to compromise the operation of the network, I think they would have already done it. They know that without points of centralization it becomes difficult to stop the currency, so I suppose the best thing they could do is not try to interfere with Bitcoin's progress, since that would only bring more media coverage, and more people would be aware of the existence of the currency.
I think that even if china has the hash power for the bitcoin people always relate any change of the bitcoin price to it and that is completely wrong, the price of the bitcoin changes according to the demand and we who are holding the bitcoin if we keep on holding the price keeps going up and that is how the price can reach $1000.
Well of course you are absolutely right that the price changes because of demand. But you are also wrong when you say that china doesn't control the price. Here's a proof:
Remember recently bitcoin reached 1100$+ and then suddenly fell to 700$ or something. The reason for this is because people in china started selling all their bitcoins. Now it is weird why would so many people start selling their bitcoins suddenly right. The reason is the central bank of china issued a note bitcoin is a risky investment. So you still think that the price isn't controlled by china

In fact, the price had started to crash before the PBOC launched their attack against major Chinese exchanges. When this event happened the price had already been hanging around 900 dollars per coin (i.e. it went down almost 250 dollars). After that it went down to 750 but it quickly rebounded. Maybe, they were too late to the party and the crash occurred prematurely, not as they had planned, but it was an excellent opportunity to buy coins at relatively "low" prices...

I remember someone in early December complained that 800 dollars was too high a price to buy in

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February 04, 2017, 08:45:51 PM
 #392

The price of the bitcoin increase only when there is a huge demand for bitcoin. It means when people need bitcoin directly they will go to the exchange and they can buy it from there. So if people are holding bitcoin automatically the value of bitcoin will increase.
Bitcoin depends from markets and Chinese market is the biggest for today for bitcoin. So everything that happens on this market has some effect on bitcoin and it's price.
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February 04, 2017, 10:16:59 PM
 #393

Now that bitcoin has reached $1000 it will be a good idea for people to hold on to their btc to maintain the price
 or we can just buy more btc  to push price even higher
holding bitcoin even at this stage is a good idea. i did not sold my bitcoin when the price cross 1150 in previous day and still not going to sell my bitcoin even if the price of bitcoin will cross 1200 USD level. because i am still pretty confident that this time the price of bitcoin is going to cross every 1600 use level very soon, so i am not going to sell my bitcoin in next moth or two.
Nothing wrong with that strategy it seems you are waiting for bitcoin to grow big before you sell, but if you had sold at the top and then bought again at 850 you could have made some nice profits and could be looking at even bigger profits right now.



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February 04, 2017, 11:36:07 PM
 #394

Now that bitcoin has reached $1000 it will be a good idea for people to hold on to their btc to maintain the price
 or we can just buy more btc  to push price even higher
holding bitcoin even at this stage is a good idea. i did not sold my bitcoin when the price cross 1150 in previous day and still not going to sell my bitcoin even if the price of bitcoin will cross 1200 USD level. because i am still pretty confident that this time the price of bitcoin is going to cross every 1600 use level very soon, so i am not going to sell my bitcoin in next moth or two.
Nothing wrong with that strategy it seems you are waiting for bitcoin to grow big before you sell, but if you had sold at the top and then bought again at 850 you could have made some nice profits and could be looking at even bigger profits right now.

Price is moving in a upward direction and it is predicted that price will be even higher in next couple of months so in that case its good to hold coins but if you bought bitcoins at lower price in the past then it would be smart to sell some of them to accumulate good profits and rest keep for the future hoping that price will be even higher by then.

          
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February 05, 2017, 01:46:54 AM
 #395

What Will it Take For BTC to Reach $1000?

Let's discuss.
One way to increase the value of Bitcoin against the USD continued to detain her if people keep hold of Bitcoin and not sell it is therefore possible if Bitcoin meal continues to rise even today all Bitcoin has reached more than $ 1,000




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February 05, 2017, 02:59:14 AM
 #396

What Will it Take For BTC to Reach $1000?

Let's discuss.

The better question is what will it take for BTC to maintain a stable and constant price that grows at a moderate rate, say 8% per year.

Or

What would happen if a bitcoin early adapter whale comes along, and sells off 1,000,000 bitcoins. Obviously exchanges put limits of buying/selling to prevent this. But if it happened is there enough interest in bitcoin for the price to not plummet and only decrease slightly
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February 05, 2017, 09:31:36 AM
 #397

What Will it Take For BTC to Reach $1000?

Let's discuss.

The better question is what will it take for BTC to maintain a stable and constant price that grows at a moderate rate, say 8% per year.

Or

What would happen if a bitcoin early adapter whale comes along, and sells off 1,000,000 bitcoins. Obviously exchanges put limits of buying/selling to prevent this. But if it happened is there enough interest in bitcoin for the price to not plummet and only decrease slightly
To have it become stable at its price, people or users must accept the demand and not always go on panic selling mode every time Bitcoin hovers 1000$ people should always go with the flow and don't think negative and then sell of. Also to add what you have said about the 1,000,000 BTC sell. People will clearly see that it is only one seller and know one will accept it at that price point it will just be a massive barrier in that price point.

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February 05, 2017, 10:44:30 AM
 #398

Nobody's dumb enough to sell 1 million BTC in one batch after holding it for years. It's pretty clear that it creates price barrier and everybody would undercut him. Better strategy would be selling for example 20 BTC per week and on different exchanges. Not suspicious at all, making more than enough money for living and rest of his bitcoins would still increase on value considering price would go up.
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February 05, 2017, 06:05:19 PM
 #399

What Will it Take For BTC to Reach $1000?

Let's discuss.

The better question is what will it take for BTC to maintain a stable and constant price that grows at a moderate rate, say 8% per year.

Or

What would happen if a bitcoin early adapter whale comes along, and sells off 1,000,000 bitcoins. Obviously exchanges put limits of buying/selling to prevent this. But if it happened is there enough interest in bitcoin for the price to not plummet and only decrease slightly
To have it become stable at its price, people or users must accept the demand and not always go on panic selling mode every time Bitcoin hovers 1000$ people should always go with the flow and don't think negative and then sell of. Also to add what you have said about the 1,000,000 BTC sell. People will clearly see that it is only one seller and know one will accept it at that price point it will just be a massive barrier in that price point.
i think people are now becoming more mature and they are not even selling their bitcoin at panic selling. in previous we have a good example when the price of bitcoin dropped from 1150 $ to a low level of 750 $ and there the market find a good support actually people were not welling to continue selling bitcoin any more and after that the market recover its position very soon.
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February 05, 2017, 10:24:44 PM
 #400

Now that bitcoin has reached $1000 it will be a good idea for people to hold on to their btc to maintain the price
 or we can just buy more btc  to push price even higher
holding bitcoin even at this stage is a good idea. i did not sold my bitcoin when the price cross 1150 in previous day and still not going to sell my bitcoin even if the price of bitcoin will cross 1200 USD level. because i am still pretty confident that this time the price of bitcoin is going to cross every 1600 use level very soon, so i am not going to sell my bitcoin in next moth or two.

Yea you are right. Many people buy end never sell again until they need money. This is a good strategy and very easy way to earn more dollars. But you can also to try to trade a little bit. You can sell, wait for a while and buy at lower price. This is not always easy but you can increase your profit.


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