When will bitcoin reach 500 USD again ?

[RussianRaibow]

Unlikely to reach 500 again seeing that NY license didn't lift the price one bit.

NY license has made it difficult for bitcoin buisnesses to operate from NY. It was supposed to hit the price, not lift!!!

[tokeweed]

...and why do you think so ?

On Thursday.  Because Willybot.

[randy8777]

Unlikely to reach 500 again seeing that NY license didn't lift the price one bit.

NY license has made it difficult for bitcoin buisnesses to operate from NY. It was supposed to hit the price, not lift!!!

they are "gently" trying to slow down bitcoin by putting up new rules. but they won't succeed as long as everything around bitcoin is growing.

[suda123]

...and why do you think so ?

On Thursday.  Because Willybot.

how high do you think it will go? are you joking =w=?

[n2004al]

...and why do you think so ?

On Thursday.  Because Willybot.

how high do you think it will go? are you joking =w=?

No. He is saying the truth. The amount of "how high it will go" it will be known after two hours from this moment. In that moment he will do another post with the exact price. Then we will be all here to know this price.

[pleaseexplainagain]

I think as demand dwindles, as the original use-cases become less and less relevant, we should expect Bitcoin to hover around the cost of production, which I understand varies widely but is a little over a hundred bucks roughly.  I don't expect to see 800 or 690 or 500 or whatever ever again.

Bitcoin doesn't have a "cost of production" in the classic sense. Difficulty self-adjusts. Mining activity is driven by price and hardware cost, not the other way round.

agree that demand is not increasing and some uses-cases are less relevent so like you I do not expect bitcoin to rise significantly (other than for short periods through willybot type activities as per mt gox when the people think they can make a "killing')
 
the price though should settle close to its store of wealth (SoW) value not the cost of production. Who knows what SoW is with bitcoin but since it is still being speculated I assume it is below its current price band ie $200 -$300. It possibly could be just $10-$40. 
That is not bad for bitcoin itself (though not ideal for people like me who bought in after these sort of prices existed) as if the right incentives are in place eg fee income bitcoin can exist and still do much of what it set out to do.

[irfan01]

bitcoin prices slightly down
I hope that will come when the price becomes $ 500 /bitcoin

[UfoRia]

With the OPEC collusion of purposely oversupplying oil to stop US/Canada Shale production has a byproduct, cheap gas. In Texas I have seen gas as low as $1.65 when paying with debit or cash. The byproduct of this cheap gas is that the Texas economy that survived the great recession relatively well because of high gas prices, will contract. All of the oil companies are laying people off and in another month or two it will get much worse, unless OPEC reduces supply. Unfortunately, they have stated they have no plans to do so. What will ultimately happen is they will bankrupt a large number of small to medium oil exploration/speculation companies, then once the weeding is done they will constrict supply and oil will swing high again. This will affect all of North America, not just Texas.

I can see some serious trouble coming from ISIS in the Middle East after the Russians hit "anti-Assad" forces, which from some articles I read were actually the anti-ISIS forces. The accuracy of all of this is even hazy on the BBC, so not going to bother with the spin in the US. Ultimately, you have two super powers with unaligned efforts fighting a proxy war in Syria over Assad and ISIS fighting everyone. I see the civil unrest in the Middle East causing tremendous unrest in the market. Just the whiff of ISIS hitting oil production will cause a market panic.

So, in the next three or four months I am bullish on btc value. Will it hit $500 by the halving, I don't think it will. I think we may see it in the $260-280 range by the end of the year and then a ramp up somewhere in the low $300-325's before the halving. After the halving I think the death of the normal home miner will cause hoarding and buying instead of mining, which is the time I can see it creeping up to $400.

Granted, this is my opinion on the price between now and a couple of months after the halving. I am a newbie, what do I know!


Ufo

[Oscilson]

In about a year.

[Proxiebuier]

...and why do you think so ?

sure 2017
$500 is not cheap for 1 bitcoin,, or 2020
we need stable at $300 for 5-6month before we rich $500

[cryptomann420]

...and why do you think so ?

sure 2017
$500 is not cheap for 1 bitcoin,, or 2020
we need stable at $300 for 5-6month before we rich $500

  6 months after the split we will see it break the $500

[lexuz]

...and why do you think so ?

sure 2017
$500 is not cheap for 1 bitcoin,, or 2020
we need stable at $300 for 5-6month before we rich $500

do not have to wait long to see the price above 300, I believe we will reach a price of 300 before halving

[n2004al]

...and why do you think so ?

sure 2017
$500 is not cheap for 1 bitcoin,, or 2020
we need stable at $300 for 5-6month before we rich $500

do not have to wait long to see the price above 300, I believe we will reach a price of 300 before halving

The problem is not the arriving of this price, I think, but the stabilization in the range of that price. It was arrived some weeks ago but yet go down and stay around 220-240 us dollar. If arrive the 300 us dollar have meaning to tell that it is in that price if stay there and move in the range 300-320 us dollar or even 290-310 us dollar.

[BlindMayorBitcorn]

Every time I see the title of this thread I get this shivery case of the nopes. It's queer.

[pattu1]

...and why do you think so ?

sure 2017
$500 is not cheap for 1 bitcoin,, or 2020
we need stable at $300 for 5-6month before we rich $500

do not have to wait long to see the price above 300, I believe we will reach a price of 300 before halving

That isn't too far away.
20% gain in a few months is pretty good, if it does happen. 

[Proxiebuier]

...and why do you think so ?

sure 2017
$500 is not cheap for 1 bitcoin,, or 2020
we need stable at $300 for 5-6month before we rich $500

do not have to wait long to see the price above 300, I believe we will reach a price of 300 before halving

after halving not before halving
price will be up after halving maybe 300-350, we can see price is stable to 200-250 for long time, and im sure price will be stable again at 250-300 and 300-350

[Benjig]

I don't know, but im sure if the price of this is not over 500 usd in the next 2 years, then it will be less than 20 usd or even 10 at that time.

[crairezx20]

MAy be on 2016 or 2017 reach 500 usd march to july after july maybe bitcoins back to normal.... Is just my imagination...

[Proxiebuier]

I don't know, but im sure if the price of this is not over 500 usd in the next 2 years, then it will be less than 20 usd or even 10 at that time.

so you sure bitcoin price will be dump to $20
that very very imposible, Bitcoin is strongest than real currency

[Benjig]

I don't know, but im sure if the price of this is not over 500 usd in the next 2 years, then it will be less than 20 usd or even 10 at that time.

so you sure bitcoin price will be dump to $20
that very very imposible, Bitcoin is strongest than real currency