What Will it Take For BTC to Reach $1000?

[Dwelach]

What Will it Take For BTC to Reach $1000?

Let's discuss.

Not sure on what it will take to get the value of the Bitcoin to $1000, I do not know that much about Bitcoin. But I am waiting for it to happen.
I want the price to be $1000 so that I can finally sell some of my Bitcoin that I have been holding on to.

[deisik]

Furthermore , Id like to add that BTC is dead once we reach that 210billion difficulty while we are still hanging at the current rate. The reason would be that , miners is needed to keep on finding blocks for confirmation therefore Id love to see who will be keeping their miners only for the sole reason of confirmations while on the other hand he is losing each time his miners is turned on

Wow, an old thread got resurrected. The difficulty is now above 225B but Bitcoin seems to be still alive and kicking. For the inquiring minds, the difficulty gets adjusted every two weeks, so if there are no more profits to be made off mining, the difficulty will decrease and will keep decreasing until it becomes profitable to mine again. But since mining costs differ magnificently between miners, such a situation is hardly possible in real life (when all miners would leave simultaneously)...



Profits always trump prophets

[Dudeperfect]

Technically speaking, a more and more funds (investments) would push bitcoin price up based on law of demand and supply but fundamentally speaking more and more users would be a strong reason to bitcoin price up and this also depends on law of demand and supply. In first case the things aren’t natural (that we see in pump & dump schemes) but in second case things are natural up to some extent (people desperately buy bitcoins to use it and not for investment or trading purpose).

[romero121]

I think it will takes a long time to reach $1000 for the price of bitcoin. Because after the halving, the price of bitcoin is stable right now. It might increase again in the end of the year, but it will not reach $1000.

As there is no similar events similar to halving, the price might touch $1000 with its gradual increase. For this gradual rise time is required which might happen around the middle of the year 2017.

[passwordnow]

I think it will takes a long time to reach $1000 for the price of bitcoin. Because after the halving, the price of bitcoin is stable right now. It might increase again in the end of the year, but it will not reach $1000.

As there is no similar events similar to halving, the price might touch $1000 with its gradual increase. For this gradual rise time is required which might happen around the middle of the year 2017.

I am also hoping that the price of bitcoin is going to reach $1,000 for next year and I hope that is going to keep on increasing as the next year is going to come. But if we are going to expect too much for this then if this is not going to happen what possible to happen is that we are going to get hurt too much too.

[tampazeus]

I think it will takes a long time to reach $1000 for the price of bitcoin. Because after the halving, the price of bitcoin is stable right now. It might increase again in the end of the year, but it will not reach $1000.

As there is no similar events similar to halving, the price might touch $1000 with its gradual increase. For this gradual rise time is required which might happen around the middle of the year 2017.

I am also hoping that the price of bitcoin is going to reach $1,000 for next year and I hope that is going to keep on increasing as the next year is going to come. But if we are going to expect too much for this then if this is not going to happen what possible to happen is that we are going to get hurt too much too.

Yes $1k is difficult to achieve in this year and it can reach there only if we find massive adoption and new investors bringing their money into it and which can take some time.

[Mrmoney2]

I think it will takes a long time to reach $1000 for the price of bitcoin. Because after the halving, the price of bitcoin is stable right now. It might increase again in the end of the year, but it will not reach $1000.

As there is no similar events similar to halving, the price might touch $1000 with its gradual increase. For this gradual rise time is required which might happen around the middle of the year 2017.

I am also hoping that the price of bitcoin is going to reach $1,000 for next year and I hope that is going to keep on increasing as the next year is going to come. But if we are going to expect too much for this then if this is not going to happen what possible to happen is that we are going to get hurt too much too.

Yes $1k is difficult to achieve in this year and it can reach there only if we find massive adoption and new investors bringing their money into it and which can take some time.

I don't think that is so difficult to reach 1k $ if you see the charts is more than possible to reach 800/900 in the next rally.
I think that the price for the end of the year will be near 900 and more than 1k in first quarter of 2017.
But this is just my opinion we will see

[ekoice]

When demand for bitcoin becomes more, then it will cross $1000.For that, Bitcoin has to be made familiar to all sects of people all over the world which will cause a gradual increase in demand for bitcoins. By the end of 2017, it is expected to reach $1000.

[noictib]

What Will it Take For BTC to Reach $1000?

Let's discuss.

in this year it is very tough for bitcoin to reach at $1000 but i think in next year there will something like this . if any matter comes like brexit ( bretain + exit ) then surely its price will cross the limit of $1000/btc .

[Barbut]

Bigger demand, and for bigger demand market need to be even bigger. More people need to join bitcoin movement, and that is key for success. I think that will happen with the time, bitcoin community is constantly growing, and that is visible.
Also we need more places where we can spend our bitcoins that we earn, it would be great if some companies adopt btc as salary for their workers. There are many things that can make bitcoin price increase, one of them is recognizing bitcoin as currency from different governments, that will make people to have more trust in bitcoin.

[coynedterm]

What Will it Take For BTC to Reach $1000?

Let's discuss.

i think it will take a whole year to reach this amount of btc because the price of btc is most stable at the current time . there is only small little fluctuation of $2-3 usd only . so i think it will take over complete year to reach at the target of $1k USD

[Viyamore]

That needed a demand for it to reach $1000 more people who will buy and keep storing of bitcoins i think it is merely possible as this next year ,this week it fluctuates almost to $1000  ,i think somebody a big bag holder of bitcoins rolls it.
For now on we need more people who will join and buy more bitcoins itnis the only way for it to reach this top.

[Noctis Connor]

When demand for bitcoin becomes more, then it will cross $1000.For that, Bitcoin has to be made familiar to all sects of people all over the world which will cause a gradual increase in demand for bitcoins. By the end of 2017, it is expected to reach $1000.

I though the coinbase hack earlier or it just a hoax if coinbase hack those account probably the demand of bitcoin will go down again like benifix doo because of them thats why bitcoin price decrease and hoping it wont happen again where happy that bitcoin are now stable

[Pursuer]

When demand for bitcoin becomes more, then it will cross $1000.For that, Bitcoin has to be made familiar to all sects of people all over the world which will cause a gradual increase in demand for bitcoins. By the end of 2017, it is expected to reach $1000.

I though the coinbase hack earlier or it just a hoax if coinbase hack those account probably the demand of bitcoin will go down again like benifix doo because of them thats why bitcoin price decrease and hoping it wont happen again where happy that bitcoin are now stable

I can not find any news about "coinbase being hacked" so I think you have heard some random news somewhere and you are quoting an obstructed version of it!

the only thing that I can find through searching is that "steam community" not "steam" has lost 25BTC because of using bots that were hacked due to using coinbase and their bots were exploited that is all.

and I should emphasize that this has nothing to do with steam and them using bitpay to accept bitcoin this is a complete different story.

[ultrloa]

When demand for bitcoin becomes more, then it will cross $1000.For that, Bitcoin has to be made familiar to all sects of people all over the world which will cause a gradual increase in demand for bitcoins. By the end of 2017, it is expected to reach $1000.

I though the coinbase hack earlier or it just a hoax if coinbase hack those account probably the demand of bitcoin will go down again like benifix doo because of them thats why bitcoin price decrease and hoping it wont happen again where happy that bitcoin are now stable

I can not find any news about "coinbase being hacked" so I think you have heard some random news somewhere and you are quoting an obstructed version of it!

the only thing that I can find through searching is that "steam community" not "steam" has lost 25BTC because of using bots that were hacked due to using coinbase and their bots were exploited that is all.

and I should emphasize that this has nothing to do with steam and them using bitpay to accept bitcoin this is a complete different story.

I heard that also and theirs article i read earlier( i forgot where do i read that) but i think it is just another hoax so it can create panic maybe their are bad people behind for that hoax spreading so they cam buy bitcoins at cheapet price if the price would really go down if they succeed, but we shouldn't take he issue seriously untill proofs are present to support the fact, so thats why we should stick to our god feel and believe unto bitcoins and price will pump for sure.

[sishendaoye]

Time. It will take alot of time for bitcoin to reach amounts above 1k. Not much we can do about it since we are not major investors.
We have to wait till bitcoins infrastructure is finished and we get more users buying into bitcoin making the vaue go up and up.

[pitham1]

Time. It will take alot of time for bitcoin to reach amounts above 1k. Not much we can do about it since we are not major investors.
We have to wait till bitcoins infrastructure is finished and we get more users buying into bitcoin making the vaue go up and up.

Time is a very open-ended answer. If it takes 100 years for Bitcoin to reach $1000 most of us won't be interested.
The return on Bitcoin has to beat most other assets (given its riskiness) if it has to remain attractive to investors.

[GermanFoobla]

What Will it Take For BTC to Reach $1000?

Let's discuss.

I am not sure what it is going to take but I am waiting a long time for the price to finally reach $1000. I thought that at the last rise we were going to reach it.
 I was wrong and the price only reach $800, pretty sour.

[bitbunnny]

I'm not sure if there is receipe what takes Bitcoin to reach such high price again. Does anyone remember what were the circumstances that preconditioned last high price? Mass buying, selling, whales manipulations, hacking attacks on big exchangers all this can influence the price to go up and down but still users alone can't move price in desired direction.

[mark coins]

What Will it Take For BTC to Reach $1000?

Let's discuss.

I am not sure what it is going to take but I am waiting a long time for the price to finally reach $1000. I thought that at the last rise we were going to reach it.
 I was wrong and the price only reach $800, pretty sour.

That was the time before few weeks of halving when price touched $780 level and everyone was hoping that it will cross $1k at the time of halving but it didn't happen and the reality is that its never easy to touch that price and it will take a long time.