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Author Topic: What Will it Take For BTC to Reach $1000?  (Read 20926 times)
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May 14, 2015, 05:41:54 PM
 #61

I believe that mass adoption can be one reason to take bitcoin to reach $1000 and its really possible if the society gets aware of bitcoins. At present the people of many countries are not aware about the bitcoin so once every one starts adopting it then it can reach $1000 or even more.
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May 15, 2015, 03:55:05 AM
 #62

What Will it Take For BTC to Reach $1000?

Let's discuss.
imo, look from the first until now, the rate its very" high in 2013 until 2014, but now its going down down and stuck in 240 or 230, i think it take a long time and hard way to touch 1000, (i didnt say they not , but gonna be hard) my predict if btc still exist maybe 10 or 20 years again

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May 15, 2015, 05:19:14 AM
 #63

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.
Bitcoin is trustless and decentralized. Its trust is built on the protocol. The existing problem is that ppl still don't realize the advantage yet and there no many killer applications available yet, which will really attract ppl's attention.
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May 15, 2015, 05:45:31 AM
 #64

less dumping from everyone, less holding, less fud, and certainly more buyng

the usually duo about supply and demand

less holding? how so? if people don't hold their coins, how would you expect the price to reach $1000 holding is a crucial part of a high price.

if everything they do is holding, then the price won't magically rise, this is what i mean
Fully agree on Amph his statement

The only reason why bitcoin got any value at all is because people started using it for all kinda things.
If you simply stash it away like a few large owners do, it will not get any value.
Some say the value of bitcoin is not important but for mining it does.
Nobody wants to loose money, almost everyone in this game want profit.
The traders, shops, mining-equipment and exchange the list is endless.
Since its no longer profitable for most people on the planet, most pull out of that extreme sport which only ends up to be done by the very rich.

Well decentralized for how long look at how many pools are left... not really decentralized at all in my opinion
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May 15, 2015, 06:56:47 AM
 #65

The awareness level and the acceptance level will go high then that are the days when btc will reach $1000 or more. Once people start knowing the advantages of using btc it will definitely increase the demand of bitcoins and merchants retailer and everyone will start accepting the bitcoins as a mode of payment the prices will reach to a new level.
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May 16, 2015, 03:03:32 AM
 #66

less dumping from everyone, less holding, less fud, and certainly more buyng

the usually duo about supply and demand

less holding? how so? if people don't hold their coins, how would you expect the price to reach $1000 holding is a crucial part of a high price.

if everything they do is holding, then the price won't magically rise, this is what i mean
Fully agree on Amph his statement

The only reason why bitcoin got any value at all is because people started using it for all kinda things.
If you simply stash it away like a few large owners do, it will not get any value.
Some say the value of bitcoin is not important but for mining it does.
Nobody wants to loose money, almost everyone in this game want profit.
The traders, shops, mining-equipment and exchange the list is endless.
Since its no longer profitable for most people on the planet, most pull out of that extreme sport which only ends up to be done by the very rich.

Well decentralized for how long look at how many pools are left... not really decentralized at all in my opinion
It is impossible for every one to just hold their coins. Every one want profit so there are definitely some ppl who are trading it frequently. But it is not the right way to get the price reach $1000. It just creates bubble and cannot last long. We don't need the way used in 2013. Ppl will find the benefits of using bitcoin as its ecosystem is improving, and find reasons to use it. The price will be steady  to increase!   

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May 16, 2015, 03:18:36 AM
 #67

I think instead that the price will stay stable for a long period, then it could rise or fall down. The great innovation is not btc but blockchain  Roll Eyes

apparently governments and banks did not understand what's good about the blockchain, because they want to centrilize it with their own shitty version

so this whole blockchain adoption, will not bring any good to bitcoin imho, certainly it won't encourage a raising in price, i think it's only a matter of something that will trigger the panic buy

but better to raise slowly and set every time a new floor , than skyrocketing to 1k again, for then assisting at another big crash
I think some of them are trying to understand and exploit its advantage, such as Swiss bank ans Nasdaq etc. They plan to create their own version of blockchain. It has nothing to do with the price increase. Due to the volatile price movement, ppl have no incentive to buy bitcoin. IMO, We need the clear positive policies from govs, more actual implementations, stable price, high security level etc.   
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May 16, 2015, 03:30:59 AM
 #68

It appears that price ALSo plays a big part in demand. As price rises, people fear of missing out and start to panic buy. This leads to a higher price and even more buying. Once this starts again, we will see bitcoin go high again.
IMO The way price increases isn't stable. It is so-called speculation movement. Ppl are buying up the price and one day some whales will dump it,  price will be crased easily.
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May 16, 2015, 12:30:05 PM
 #69

less dumping from everyone, less holding, less fud, and certainly more buyng

the usually duo about supply and demand

less holding? how so? if people don't hold their coins, how would you expect the price to reach $1000 holding is a crucial part of a high price.

if everything they do is holding, then the price won't magically rise, this is what i mean
Fully agree on Amph his statement

The only reason why bitcoin got any value at all is because people started using it for all kinda things.
If you simply stash it away like a few large owners do, it will not get any value.
Some say the value of bitcoin is not important but for mining it does.
Nobody wants to loose money, almost everyone in this game want profit.
The traders, shops, mining-equipment and exchange the list is endless.
Since its no longer profitable for most people on the planet, most pull out of that extreme sport which only ends up to be done by the very rich.

Well decentralized for how long look at how many pools are left... not really decentralized at all in my opinion
It is impossible for every one to just hold their coins. Every one want profit so there are definitely some ppl who are trading it frequently. But it is not the right way to get the price reach $1000. It just creates bubble and cannot last long. We don't need the way used in 2013. Ppl will find the benefits of using bitcoin as its ecosystem is improving, and find reasons to use it. The price will be steady  to increase!   

Nope some of them will hold their coins just incase the price is going up again after that, some of them really want a big profit from this bitcoin thats why they just save for the best price they can. Yes everyone sure want get profit but how much profit do you want to get? If you buy bitcoin for $100 and then you sell it for $101 , this is also a profit too

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May 18, 2015, 05:42:30 AM
 #70

Destruction, errr severe currency inflation could get BTC to $1000 per coin. That wouldn't necessarily be a good thing though...except for all of is on the right side of it. The value of the currency is tough to predict, we still don't know if this thing is going to serve its purpose as a currency or an asset class. That decision will impact the price.

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May 18, 2015, 06:38:24 AM
 #71

The value of the currency is tough to predict, we still don't know if this thing is going to serve its purpose as a currency or an asset class. That decision will impact the price.

True that. Up until now, it's really hard to predict whether it will serve its purpose as a currency as you said. But come to think of it, BTC may reach $1000 if it goes rare (choke to death).

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May 18, 2015, 07:11:30 AM
 #72

I think instead that the price will stay stable for a long period, then it could rise or fall down. The great innovation is not btc but blockchain  Roll Eyes

apparently governments and banks did not understand what's good about the blockchain, because they want to centrilize it with their own shitty version

so this whole blockchain adoption, will not bring any good to bitcoin imho, certainly it won't encourage a raising in price, i think it's only a matter of something that will trigger the panic buy

but better to raise slowly and set every time a new floor , than skyrocketing to 1k again, for then assisting at another big crash
I think some of them are trying to understand and exploit its advantage, such as Swiss bank ans Nasdaq etc. They plan to create their own version of blockchain. It has nothing to do with the price increase. Due to the volatile price movement, ppl have no incentive to buy bitcoin. IMO, We need the clear positive policies from govs, more actual implementations, stable price, high security level etc.   

funny thing is that if people will not buy bitcoin because of its instability in price then the price will never become stable, because they are the reason for a less volatile price in the future

the issue is that people don't see a reason to buy bitcoin, this is the truth, at this rate, we will never achieve 1k again
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May 18, 2015, 07:50:52 AM
 #73

The value of the currency is tough to predict, we still don't know if this thing is going to serve its purpose as a currency or an asset class. That decision will impact the price.

True that. Up until now, it's really hard to predict whether it will serve its purpose as a currency as you said. But come to think of it, BTC may reach $1000 if it goes rare (choke to death).

If you wait for bitcoin to become rare I think you wont hit that time because there are so many people that using bitcoin soon or later and it will become mainstream. We just need to be patient and focus on our bitcoin for a while to get stacks. Until that time we sell it to gain pure profit

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May 18, 2015, 08:38:51 AM
 #74

funny thing is that if people will not buy bitcoin because of its instability in price then the price will never become stable, because they are the reason for a less volatile price in the future

the issue is that people don't see a reason to buy bitcoin, this is the truth, at this rate, we will never achieve 1k again

People hate things that are unsure, in this case it will be the volatility. That is the main reason people are more interested in gold since the value of it is more stable than BTC . Even if people see a reason to buy bitcoin there is no guarantee as well that we might reach 1k again because there is a lot of opportunist waiting for profit . With the saying that goes "every buy is a sell" people might dump as soon as they see a pump.

If you wait for bitcoin to become rare I think you wont hit that time

Bitcoin cant be "rare" in supply because the supply will keep on being 21M . The value will drop or raise just based on demands and orders
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May 18, 2015, 08:48:09 AM
 #75

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.

Amen!!!
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May 18, 2015, 08:48:50 AM
 #76

If Satoshi Nakamoto come back and the army admits Bitcoin.
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May 18, 2015, 09:06:30 AM
 #77

If Satoshi Nakamoto come back and the army government admits Bitcoin.

If Satoshi come back, it will be a good hype for the market because the price will drive up and it will be just a bubble for a while. Satoshi to be back will have nothing to do with the value to be honest because the market is based on demands and order and of course some hype or FUD to drive the price

If goverments were to acknowledge BTC than it will be a good addition since if BTC will be regulated, more and more people will have some faith in it and of course it will help to spread the mass adoption as well
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May 18, 2015, 09:26:57 AM
 #78

If Satoshi Nakamoto come back and the army government admits Bitcoin.

If Satoshi come back, it will be a good hype for the market because the price will drive up and it will be just a bubble for a while. Satoshi to be back will have nothing to do with the value to be honest because the market is based on demands and order and of course some hype or FUD to drive the price

If goverments were to acknowledge BTC than it will be a good addition since if BTC will be regulated, more and more people will have some faith in it and of course it will help to spread the mass adoption as well

satoshi won't come back. people can't seem to understand that. if he would, it might not even make much difference in price. more than what he has done in the early days isn't possible. core devs do a great job.
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May 18, 2015, 11:08:10 AM
 #79

If Satoshi Nakamoto come back and the army government admits Bitcoin.

If Satoshi come back, it will be a good hype for the market because the price will drive up and it will be just a bubble for a while. Satoshi to be back will have nothing to do with the value to be honest because the market is based on demands and order and of course some hype or FUD to drive the price

If goverments were to acknowledge BTC than it will be a good addition since if BTC will be regulated, more and more people will have some faith in it and of course it will help to spread the mass adoption as well

satoshi won't come back. people can't seem to understand that. if he would, it might not even make much difference in price. more than what he has done in the early days isn't possible. core devs do a great job.

People thought that if he comes back that there will be some sort of hype that might drive the price. Another reason people are still trying to find it was because he deserve to get all the credits for introducing this world for BTC.
Core devs did a great job but compared to satoshi then they will be seen only as a worker i.e Einstein and his disciple. People will always acknowledge Einstein more
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May 18, 2015, 11:34:08 AM
 #80

I don't think that it will reach 1000$, so many things around BTC has changed

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