The inevitable is upon us...

[Borisz]

Just before the halving, I think we can see a new atm high, and to be more specific, I would say a $2,000. I am not saying Bitcoin would stabilize at this price, but it can sure touch it.

before the halving is when everyone will be stockpiling their coins especially miners I'm sure we can see 5k hitting too as we haven't really had a bubble in a while lol

Or maybe since everybody expects this it won't happen as nobody will pump it up, just hold and wait 

[BillyBobZorton]

Just before the halving, I think we can see a new atm high, and to be more specific, I would say a $2,000. I am not saying Bitcoin would stabilize at this price, but it can sure touch it.

before the halving is when everyone will be stockpiling their coins especially miners I'm sure we can see 5k hitting too as we haven't really had a bubble in a while lol

Or maybe since everybody expects this it won't happen as nobody will pump it up, just hold and wait 

The best thing to do for now is indeed to hold and wait, but there will be a time when we will have a huge pump sooner or later, and you'll have to decide: Do I try to profit from this pump or do I hold thought the entire thing?
If you hold through the pump without selling, im amusing you would do so because you are a long term 10+ year investor and you dont want to lose your position.

[monsanto]

Just before the halving, I think we can see a new atm high, and to be more specific, I would say a $2,000. I am not saying Bitcoin would stabilize at this price, but it can sure touch it.

before the halving is when everyone will be stockpiling their coins especially miners I'm sure we can see 5k hitting too as we haven't really had a bubble in a while lol

Nope, not since they killed Willy 

[smoothie]

People seem to keep hoping for the currency to appreciate in value when the USD is potentially on a run that repeats the prosperity of the 1980s. That's not going to happen.

At the same time, why does BTC even need to trade significantly higher than its current price. If it wants to function as a currency, why should it be dislocated with such magnitude from other currencies?

THREE WORD ANSWER: SUPPLY PLUS DEMAND

[mrhelpful]

People seem to keep hoping for the currency to appreciate in value when the USD is potentially on a run that repeats the prosperity of the 1980s. That's not going to happen.

At the same time, why does BTC even need to trade significantly higher than its current price. If it wants to function as a currency, why should it be dislocated with such magnitude from other currencies?

THREE WORD ANSWER: SUPPLY PLUS DEMAND

Thats true, but where is the new supply of demand going to come from is the real question.

I think most people overlook on the whole aspect of where the new demand is coming from, unless the volume comes from like china which has banned bitcoin last time I checked.

[ssmc2]

People seem to keep hoping for the currency to appreciate in value when the USD is potentially on a run that repeats the prosperity of the 1980s. That's not going to happen.

At the same time, why does BTC even need to trade significantly higher than its current price. If it wants to function as a currency, why should it be dislocated with such magnitude from other currencies?

THREE WORD ANSWER: SUPPLY PLUS DEMAND

Thats true, but where is the new supply of demand going to come from is the real question.

I think most people overlook on the whole aspect of where the new demand is coming from, unless the volume comes from like china which has banned bitcoin last time I checked.

Check again.

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country#China

[techgeek]

Just before the halving, I think we can see a new atm high, and to be more specific, I would say a $2,000. I am not saying Bitcoin would stabilize at this price, but it can sure touch it.

before the halving is when everyone will be stockpiling their coins especially miners I'm sure we can see 5k hitting too as we haven't really had a bubble in a while lol

Nope, not since they killed Willy 

I hope this guy actually visit karples back in japan, and eat a pizza right in front of him.

I remember this dude was in the rain showing up and while karples just walked by him with his starbucks cup and acted nothing happen.

[GoldSeal]

I have a strong distaste for discussions about "what gives bitcoin value?". Bitcoin has a currency equivalent at any one point in time equivalent to the price someone is willing to pay for it. That's it.

Usually, the next question that follows is "how is that price determined?". The answer to this is that the price is the equilibrium of several factors"

1. the current level of currency flow into and out of BTC
2. the percentage of miners that are presently required to sell coins to meet expenses
3. the current level of consumer demand for bitcoin services, such as retail or gambling
4. the current demand or lack there of for alt coins, which due to mostly being denominated by BTC on most exchanges makes them function as a natural derivatives market for fiat/BTC.

If you want to achieve $10k/BTC then we're going to have to see a major increase in currency flows into BTC. This could be aided any other factor which mitigates trading BTC for cash.

I think following halving, we will see an uptick in the $ trade price. However, I think it will come with many collapsed mining operations, especially in china.