aso118
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★Nitrogensports.eu★
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May 12, 2015, 12:19:04 AM |
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It will take one or two small counties hopping on board after their native currencies fail.
Counties or countries?  Liberland is already on board. We might have others hopping on pretty soon. |
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thebenjamincode
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May 12, 2015, 12:23:26 AM |
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What Will it Take For BTC to Reach $1000?
Let's discuss.
i think it needs many investors and also everyone needs to hold their bitcoins and sell it at a high price |
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BTCevo
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Activity: 1834
Merit: 1008
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May 12, 2015, 01:33:25 AM |
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What Will it Take For BTC to Reach $1000?
Let's discuss.
i think it needs many investors and also everyone needs to hold their bitcoins and sell it at a high price If there are many investors the price will compete to each other and this will make the price drop, but let say if all of them just want to sell at high price and no one will sell at low how can the price is going to raise? |
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mladen00
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Activity: 2124
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K-ing®
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May 12, 2015, 06:03:10 AM |
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User adoption, gov. adoption, halving, USD crash...
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IOTA
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David19 (OP)
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May 12, 2015, 10:35:13 AM |
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In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up?  |
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gentlemand
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Merit: 3008
Welt Am Draht
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May 12, 2015, 10:44:23 AM |
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In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up? If you want to buy some and the majority aren't selling, then those that are available will be asking more. The more demand and the rarer the coins the more the price goes up as sellers refuse to part with them. That's how the bubbles develop. There'll always be someone looking to sell but obviously that's not the most sustainable model for a healthy economy. |
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deisik
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English ⬄ Russian Translation Services
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May 12, 2015, 01:01:03 PM |
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There was hope about a month and a half ago when Bitcoin rose over $300, then it dropped about $50 in 24 hours it was unreal. I think it will take a miracle to be honest. One day you will wake up, and Bitcoin will just keep rising and rising! Thats probably the only hope it has because I don't see anything by the looks of it which can give us more concrete evidence for predicting that price jump.
There are a lot of people who bought Bitcoin when it was at ~650$ (it had stayed at this price for some time), and still more people bought it when it was at ~450$ (it had been there for a few months, if I'm not mistaken). I guess all those people will be happy to break even and get rid of Bitcoin to never touch it again... |
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Troonetpt
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May 12, 2015, 01:43:49 PM |
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Time, we just don't know when it can reach over $1000 again, but it is sure it can reach again. So let us patient.
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BTCevo
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May 12, 2015, 02:11:03 PM |
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Time, we just don't know when it can reach over $1000 again, but it is sure it can reach again. So let us patient.
Just with patient we can't make sure that this price is going to $1000. We should do something to make sure bitcoin will skyrocketing till $1000 and in that time I guess we just can take our profit easily and soon bitcoin will be used by many people and become mainstream. How that sounds? |
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Cinnob0n
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Activity: 116
Merit: 10
-Credits (CRE) Miner/Enthusiast
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May 13, 2015, 12:30:48 AM |
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The next block reward update should do the trick. Once less bitcoins are being feed to the blockchain, the price with gradually increase.  |
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aso118
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Activity: 1918
Merit: 1012
★Nitrogensports.eu★
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May 14, 2015, 12:34:18 AM |
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In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up? Miners have bills to pay. So bitcoins will be sold at least to cover that. |
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deisik
Legendary
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Activity: 3430
Merit: 1280
English ⬄ Russian Translation Services
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May 14, 2015, 09:38:58 AM |
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In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up? Miners have bills to pay. So bitcoins will be sold at least to cover that. Not necessarily. If they expect the price of bitcoin to rise within the period of their planning horizon (but isn't that exactly the reason that they mine for in the first place?), they will pay their bills with fiat. In fact, it has already been proven statistically some time ago that the miners don't sell their bitcoins as they are mined and the bitcoin price isn't significantly affected by the newly mined coins... |
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tyz
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Activity: 3360
Merit: 1530
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May 14, 2015, 10:00:08 AM |
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I would not sign this. Sure most investors are awaiting the halving in 2016 but if the price will not significantly rise after the halving many investors will sell their bitcoins what will cause a big sell preasure. The next block reward update should do the trick. Once less bitcoins are being feed to the blockchain, the price with gradually increase. |
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oser41eric
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May 14, 2015, 10:09:22 AM |
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User adoption, gov. adoption, halving, USD crash...
It actually only needs one of them to reach well over $1000 but the $1000+ would be worthless even more so than it is now We need the USD to continue the illusion because btc is not going to be adopted by govt and needs it to value against. They will not hand over the control from the bankers and the bankers won't let them. User adoption will help as well as the halving but imo only a whales willy bot who wants to pump the price will take us back where it was. |
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MyBTT
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May 14, 2015, 11:21:08 AM |
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It will take one or two small counties hopping on board after their native currencies fail.
Counties or countries? Liberland is already on board. We might have others hopping on pretty soon. It is pity that the newly formed country ended. The so-called president, Vít Jedlicka and his 'founding fathers' were arrested on as they tried to reach the tiny patch of 'unclaimed land'. Read more: http://www.dailymail.co.uk/news/article-3076499/Czech-politician-arrested-trying-enter-3-square-mile-patch-land-Croatia-Serbia-claimed-founded-new-country.html#ixzz3a6v0ipQf |
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Graphics
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May 14, 2015, 11:32:43 AM |
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In my opinion there has to be much bigger circulation, if everyone just holds the coins how could their value go up? If you want to buy some and the majority aren't selling, then those that are available will be asking more. The more demand and the rarer the coins the more the price goes up as sellers refuse to part with them. That's how the bubbles develop. There'll always be someone looking to sell but obviously that's not the most sustainable model for a healthy economy. I think as the price increases, the demand will play an important role in it. There will be some real application of the blockchain technology, which will push up the demand. |
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NorrisK
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Activity: 1946
Merit: 1007
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May 14, 2015, 02:25:45 PM |
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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.
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JayCrypto
Newbie
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Activity: 28
Merit: 0
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May 14, 2015, 02:29:09 PM |
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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  |
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Amph
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Activity: 3206
Merit: 1069
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May 14, 2015, 02:47:22 PM |
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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 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 |
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