What Will it Take For BTC to Reach $1000?

[WhatTheGox]

What Will it Take For BTC to Reach $1000?

Let's discuss.

It will happen very easy, remember when we shot past $266 when that was the previous ATH.  Once the bull market starts is the biggest show in town lets not forget.

[1714995329]

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[1714995329]

1714995329

[Possum577]

What Will it Take For BTC to Reach $1000?

Let's discuss.

It will happen very easy, remember when we shot past $266 when that was the previous ATH.  Once the bull market starts is the biggest show in town lets not forget.

And what will start the bull market in Bitcoin? I think that's really what this discussion is about - not the "yes it will" or "no it won't" but the - here's what's going to happen and why?

As I remember BTC shooting past $266 I'm reminded that BTC now trades at $238...

[mearylll]

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

That's Correct. Whatever price above the initial investment is a profit. So If I have bought bitcoin at $100 and if it reaches $200 I would think of selling it as it is giving me double profit. And it is really hard to judge whether bitcoin will reach at $1000 or not.

[wearepoor]

Bitcoin is a transactional currency. As such, it is competing for market share on the transactional currency market.

Talking about bitcoin value is not about happily watching numbers go up and down while having popcorn. This is about identifying global market, looking at its size and estimating a target market share based on the strengths and weaknesses of the competing product will determine the prices of BTC in future.

[mrhelpful]

Outside from the obvious adoption with more merchants, and more user bases coming from traditional investors of a etf passes or something.

I say, when the bitcoin core actually takes on faster transactions when blocks are all mined.

Of decreased confirmation times 10 mins at max.

[Amph]

What Will it Take For BTC to Reach $1000?

Let's discuss.

It will happen very easy, remember when we shot past $266 when that was the previous ATH.  Once the bull market starts is the biggest show in town lets not forget.

And what will start the bull market in Bitcoin? I think that's really what this discussion is about - not the "yes it will" or "no it won't" but the - here's what's going to happen and why?

As I remember BTC shooting past $266 I'm reminded that BTC now trades at $238...

all the recents good news should start the bull market, it's only a matter of time at this point, but in the best case scenario i would not expect a fast rise, to reverse the trend you need plenty of time because now everyone is accustomed to short and to the bearish market

[zendantom]

What Will it Take For BTC to Reach $1000?

Let's discuss.

It will happen very easy, remember when we shot past $266 when that was the previous ATH.  Once the bull market starts is the biggest show in town lets not forget.

And what will start the bull market in Bitcoin? I think that's really what this discussion is about - not the "yes it will" or "no it won't" but the - here's what's going to happen and why?

As I remember BTC shooting past $266 I'm reminded that BTC now trades at $238...

It will be at $50k per BTC by 2020. Mining will mostly be dead by then, demand will have gone up and supply will be down. Acquiring will be much easier, and using will be much easier with additions such as address aliases. The unbanked in poor countries will be able to participate in online commerce easily, and for supply to go up, the decimal point must shift right to create enough of the currency to keep up with demand.

[RedhatCAT]

BTC will hit $1000+ again but no time soon, ONLY after security measures are put in place to make BTC a "safe" investment. Safe in terms of reasonable investment security, currently there are far too many ways to lose your money than to make it.

[BRE]

Halving
More merchants accept bitcoin
Stop using paypal, shity coins and began to use bitcoin as internet currency 

[BTCevo]

BTC will hit $1000+ again but no time soon, ONLY after security measures are put in place to make BTC a "safe" investment. Safe in terms of reasonable investment security, currently there are far too many ways to lose your money than to make it.

Why you want to lose all your bitcoin if you can earn it easily? You can save it right? Make it to paper wallet to make sure it is really save, and you dont need to gambling to earn what you loss. If you did that you will lose more and more. For this time I guess you must get as many stacks as you can, when we face the halving time, that is the time we get a real profit

[The Bad Guy]

What Will it Take For BTC to Reach $1000?

Let's discuss.

Well basically something logical , more demand . or at least 500$ / BTC before the next halving block reward happens so when it happens from 25 BTC to 12.5 BTC price should be doubled if demand stays the same or rise . Let's hope it will happen I missed the 2013 pump i hope I won't miss it again

[Clint]

I think Bitcoin is just like any other currency. How does a currency rise or fall? It needs basic supply and demand, investments, and exchange. Bitcoin it self needs to be more and more globalized for people to use. The more people using it, means more people are going to be trading and exchanging with bitcoin. 

[Febo]

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.

It can reach this year. It can reach next month. It can even reach $1000 next week. It will happen when we will least expect.

[TheButterZone]

Heat death of the universe.

[qiwoman2]

We need more attractive ways in which to hold btc..If there was a btc bank that would give us interest or a bonus for holding bitcoin I am sure you would get even every grandmother in town opening a bitcoin savings account for their grandkids lol..it's that simple in my books.. 

[BTCevo]

We need more attractive ways in which to hold btc..If there was a btc bank that would give us interest or a bonus for holding bitcoin I am sure you would get even every grandmother in town opening a bitcoin savings account for their grandkids lol..it's that simple in my books.. 

That is a great idea but how are you going to have btc bank if there is no support from government? Bitcoin must make a good impression to every government in this world so they can start coalition that try to open btc bank so every player in this world should have a same chance as a fiat user

[tyz]

Uncertainty. The last Bitcoin pump in the end of 2013 was resulted by a uncertainty of the continued existence of the Euro Zone.

[gentlemand]

Uncertainty. The last Bitcoin pump in the end of 2013 was resulted by a uncertainty of the continued existence of the Euro Zone.

I think the link with wider economics is fairly tenuous. Bitcoiners are a very fringe bunch. I think it can act as inspiration to them but I'd say 2013 was mainly about Chinese excitement.

[thy]

What Will it Take For BTC to Reach $1000?

Let's discuss.

It will eventually get there again without any thing have to change but there is a number of factors can speed up he process for example when new more efficient miners starts to mine, a rising bitcoin difficulty in general, if miners is demanding higher price for there mined bitcoins that they choose to sell, miners keeping a higher portion of there mined bitcoins, bitcoin accepting merchants/bitcoin processors keeping a higher percent of the sold amount in bitcoins, if bitcoin accepting merchants/bitcoin processors try to sell for slightly above marketprice instead of at marketprice in a higher degree than today, if the big investors that has been buying into bitcoin cheep the last 1.5 years decide they have accired enouth bitcoins and that its time for the price to go back up again, time is also a factor that will work in favor for higher bitcoin prices, when the bitcoin halving occurs in around 60 weeks time there will be even more pressure on the price for it to go up for example.

[operrajunk74]

I think Bitcoin is just like any other currency. How does a currency rise or fall? It needs basic supply and demand, investments, and exchange. Bitcoin it self needs to be more and more globalized for people to use. The more people using it, means more people are going to be trading and exchanging with bitcoin. 

That is true. It basically depends on demand and supply if the demand goes high the supply will go high and the prices of bitcoin will reach the desired value and it is only possible if the adoption level goes high people should start adopting bitcoin as a mode of payment.