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Question: When will bitcoin reach 500 USD again ?
End of 2015
Middle of 2016
End of 2016
Middle of 2017
Never

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Author Topic: When will bitcoin reach 500 USD again ?  (Read 43299 times)
ssmc2
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September 06, 2015, 02:24:17 AM
 #41

I voted never simply because of the 1 MB blocksize limit. This currently prevents any growth.

Because scalability will never be resolved, right?  Roll Eyes
frenulum
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September 06, 2015, 02:35:26 AM
 #42

BTC rising like a mofo the last couple of hours   Shocked

Jan 2018 recommendations: HST, ETN, HTML, EOS
mltask
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September 06, 2015, 02:38:26 AM
 #43

Never ever happen again!
Pastafarian
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September 06, 2015, 02:40:31 AM
 #44

Not anytime soon, but I'd guess late next year (2016)  Smiley

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ArticMine
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September 06, 2015, 02:50:45 AM
 #45

I voted never simply because of the 1 MB blocksize limit. This currently prevents any growth.

Because scalability will never be resolved, right?  Roll Eyes

Well it has not been resolved since this issue was first raised in 2010. Furthermore the current climate in the community is way less conducive to a resolution that it was before. I have been following this issue for well over three years.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
tommorisonwebdesign
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September 06, 2015, 02:51:39 AM
 #46

There is probably not going to be a price increase to $500 per bitcoin this year. There is too much blocksize debate going on so really we are not seeing a big increase until 2016. It is best to HODL your coins, selling them when necessary  when the price goes up, to earn back your money.

Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
GermanGiant (OP)
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September 09, 2015, 06:05:20 PM
 #47

I voted never simply because of the 1 MB blocksize limit. This currently prevents any growth.

Because scalability will never be resolved, right?  Roll Eyes

Well it has not been resolved since this issue was first raised in 2010. Furthermore the current climate in the community is way less conducive to a resolution that it was before. I have been following this issue for well over three years.

If Satoshi paid attention to this comment, then we would not have to see this controversy today...

Only recently I learned about this block size limit.

I understand not putting any limit might allow flooding. On the other hand, the smaller your block, the faster it will propagate to network (I suppose.. or is there "I've got a block!" sort of message sent before the entire content of the block?), so miners do have an interest on not producing large blocks.

I'm very uncomfortable with this block size limit rule. This is a "protocol-rule" (not a "client-rule"), what makes it almost impossible to change once you have enough different softwares running the protocol. Take SMTP as an example... it's unchangeable.

I think we should schedule a large increase in the block size limit right now while the protocol rules are easier to change. Maybe even schedule an infinite series of increases, as we can't really predict how many transactions there will be 50 years from now.

Honestly, I'd like to get rid of such rule. I find it dangerous. But I can't think of an easy way to stop flooding without it, though.
luciann
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September 09, 2015, 10:27:05 PM
 #48

I see more of the 400 reach then the 500.

Not too optimistic on price ranges, since they can go up and then down so quickly. But, more 400 price i think would the the solid area, like mid 400ish.

lissandra
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September 09, 2015, 11:14:36 PM
 #49

Not anytime soon, but I'd guess late next year (2016)  Smiley

You never know.

Maybe when the gemini exchange that launches 2016 we can see new whales possibly? or solid price points if they are becoming the lead exchange.

tyrexs
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September 10, 2015, 02:11:34 AM
 #50

Never ever happen again!
agree!! bitcoin never reach up to $500, i have sell my bitcoin and wait buy bitcoin in price $150 maybe low than $150 Cheesy

randy8777
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September 10, 2015, 02:21:56 AM
 #51

Never ever happen again!

i know the current price levels aren't exactly what people were hoping for, but i firmly believe in bitcoin's future. i think at some point within or around 2020 we'll see bitcoin reach $1000.
nickaizoku
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September 10, 2015, 02:25:50 AM
 #52

Never ever happen again!
agree!! bitcoin never reach up to $500, i have sell my bitcoin and wait buy bitcoin in price $150 maybe low than $150 Cheesy
it will!! but not now yet, maybe in around 2 more years, hopefully it will, its slowly climbing up now

Fiat_Hodler
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September 10, 2015, 03:35:36 AM
 #53

wait for us marshals auction to finally finish and also maybe the btc reward halving. Supply will start to dry up.

So far there hasnt been enough recent buying to maintain price rises, but soon there wont be enough supply to keep up with demand.

The reversal is coming...
randy8777
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September 10, 2015, 09:24:38 AM
 #54

wait for us marshals auction to finally finish and also maybe the btc reward halving. Supply will start to dry up.

So far there hasnt been enough recent buying to maintain price rises, but soon there wont be enough supply to keep up with demand.

The reversal is coming...

the only thing i think will affect the price is the block halving in 2016. not sure about the auctions, i thought all coins were auctioned already? if not, how many coins are left to get auctioned?
LMGTFY
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September 10, 2015, 09:28:11 AM
 #55

wait for us marshals auction to finally finish and also maybe the btc reward halving. Supply will start to dry up.

So far there hasnt been enough recent buying to maintain price rises, but soon there wont be enough supply to keep up with demand.

The reversal is coming...

the only thing i think will affect the price is the block halving in 2016. not sure about the auctions, i thought all coins were auctioned already? if not, how many coins are left to get auctioned?

There's a final batch of ~44,000 BTC which the US Marshalls are planning to auction later this month.

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g-unit
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September 10, 2015, 12:12:21 PM
 #56

Never ever happen again!

i know the current price levels aren't exactly what people were hoping for, but i firmly believe in bitcoin's future. i think at some point within or around 2020 we'll see bitcoin reach $1000.

We'll reach $1000 again well before 2020. 2017 at the latest.
bitcoin1992
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September 10, 2015, 12:17:35 PM
 #57

Bitcoin's price has raised a bit in past few days, It was $220+ since last week and now it is close to ~250$ per piece. More than half of 2015 has passed and I barely think that price will touch 300$ by the end of December. As per my estimations, Price won't touch $500 till then end of 2016 when next halvening happens.
sakira
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September 10, 2015, 03:21:59 PM
 #58

really difficult to predict the price of bitcoin,and no one would know. but I predict mid-2016 hope it's true and reality  Cool
pooya87
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September 10, 2015, 03:25:00 PM
 #59

i don't think we can see any major rise in price this year (but anything is possible with this volatile market!)

i predict next year is going to be a lot more exciting for the price and it is going to go past $500. but the growth is going to begin as soon as a consensus is reached on block size and next year as we get close to block halving price will start to show big movements.

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September 10, 2015, 03:33:04 PM
 #60

2342 hours

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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