Rising Numbers

[Bitcoin Market]

The bitcoin price will go up and down all the time. If there is more adoption in the long term, the price will rise eventually.

[bct-user]

I am new to the Bitcoin world but trying to learn.  Can you in reality in the far future ever see a coin be worth more than 1K or more?

bitcoin price ever reached $1200 per 1 coin, it's dropped because there are big sell wall. but i'm sure history will repeat

[steveds]

I am new to the Bitcoin world but trying to learn.  Can you in reality in the far future ever see a coin be worth more than 1K or more?

bitcoin price ever reached $1200 per 1 coin, it's dropped because there are big sell wall. but i'm sure history will repeat

It collapsed because of the silk road and other illegal activities ...weapon supplies ,ISIS etc...
People did not accept that and moved their investments.This rise is just Chinese thing.

[n2004al]

I am new to the Bitcoin world but trying to learn.  Can you in reality in the far future ever see a coin be worth more than 1K or more?

Theoretically and if regulated and legalized in most of the countries (or in the most importants and the developed ones) the price must go much more higher than the price mentioned by you in your post. The number of bitcoins is limited, the people which will known and will want to use it is predicted to be always higher and higher. At least these factors will can cause the increase of the value of bitcoin in time. It is for sure that these time are not near. So you will need to wait years to have the hope to see those prices. But are based even if conditioned.

Anyhow you can have the possibility to see a possible increase of value of bitcoin in the middle of the next year after the halving. The halving is the process of halving of production of bitcoin within the time a block of bitcoin is produced. It is actually 25 bitcoin every about 10 minutes. It will be (after the halving) 12.5 bitcoin every about 10 minutes. This decrease of supply of bitcoin (decrease of the flow of bitcoins in the market in an defined period of time) and at least the same demand for it (have no known reason which can cause the decrease of demand for bitcoin) will made possible the increase of its price. the amount remain to be seen. But normally must be for sure an increase of price of it. Repeat: all those are theory. The practice is another. We hope to see something that have big probabilities to happen. But sometimes win the less probabilities. Everyone of us who are here in bitcointalk hope the verification of the big probabilities. 

[jt byte]

Well to reach 1,000 USD it needs lots of time (normally)
At least after few halving periods which affect the price directly.
Another things which can affect the price are the chinese people which can pump the price to the moon.

[Bitcoin Market]

Well to reach 1,000 USD it needs lots of time (normally)
At least after few halving periods which affect the price directly.
Another things which can affect the price are the chinese people which can pump the price to the moon.

Halving is the main catalyst for the next push. The opening of the regulated bitcoin exchange Gemini is the next catalyst.

[zimmah]

1k was already surpassed in 2013, it was 1200, i dunno why people keep thinking about 1k, when it is not a real target anymore

if everything goes well we can hit 10k, with the next halving already...

we can hit it before the halving, not sure if it will happen, but it might.

So you think this will be the priced in halving then? Or do you expect a much larger effect while and after the halving event?

most miners are mining at a loss right now, and many of them immediately sell their mined coins to pay for electricity, with the halving, the amount of coins hitting the exchange would suddenly be much less.

Of course, most people anticipate this, so the price will likely rise long before this. What happens during or shortly after the halving depends on a lot of factors.

For example, will we overshoot the equilibrium price or not? How much demand will there be, and how much impact will the reduced supply really have?

[Andrelvogue]

Well yeah I think BTC was first 1000 dollar.

[Yerm]

I am new to the Bitcoin world but trying to learn.  Can you in reality in the far future ever see a coin be worth more than 1K or more?

oh itll definitely be worth alot more than 1k in the future years. im guessing its gonna take around 3-5 years to hit $1k and its only going to go up from there

[justbitcoins]

1000$ would not have been reached without mt. gox and the trading bot (forgot the name).

edit: willy
http://www.theguardian.com/technology/2014/may/29/bitcoin-bots-bought-millions-in-the-last-days-of-mt-gox
http://blog.wizsec.jp/2015/02/mtgox-investigation-release.html

i sold everything @334$. then i think soon we will be back @250$ and then it is time to buy an wait for the halving.

We shall see in a few weeks if your strategy works out or not. The recent rise is quite smooth. I do not think it is caused by a robot.

[log2exp]

Burt has an algorithm on the price cap, it has lots merit in getting a realistic number for a period: https://bitcointalk.org/index.php?topic=520977.msg7687843#msg7687843

Capturing 1% of such and such market value is not really feasible unless we see some kind of world wide economy meltdown.

[jaysabi]

1k was already surpassed in 2013, it was 1200, i dunno why people keep thinking about 1k, when it is not a real target anymore

if everything goes well we can hit 10k, with the next halving already...

You'll be lucky to make it back to $1000 at the next halving. That's why everyone keeps talking about it. Every zero you add to an already sky-high valuation is another stage of delusion.

[justbitcoins]

1k was already surpassed in 2013, it was 1200, i dunno why people keep thinking about 1k, when it is not a real target anymore

if everything goes well we can hit 10k, with the next halving already...

You'll be lucky to make it back to $1000 at the next halving. That's why everyone keeps talking about it. Every zero you add to an already sky-high valuation is another stage of delusion.

It is not easy to go through $1000 due to halving in the middle of next year. But if bitcoin is widely adopted, the price will rise.

[gentlemand]

It collapsed because of the silk road and other illegal activities ...weapon supplies ,ISIS etc...
People did not accept that and moved their investments.This rise is just Chinese thing.

Silk Road collapsed before the bubble and may well have been a factor in increasing confidence when folks realised that Bitcoin wasn't dependent on it.

Gox weirdness aside, the rise was fueled by China last time and the collapse was fueled by it to when the government clamped down on exchanges. The Chinese government then pumped out documentaries pointing out the dangers and the losses people had sustained while conveniently leaving out that they were the primary reason why.

And I can't see any mention anywhere about weapons or terrorism ever being a factor.

[pissedoff]

1000$ would not have been reached without mt. gox and the trading bot (forgot the name).

edit: willy
http://www.theguardian.com/technology/2014/may/29/bitcoin-bots-bought-millions-in-the-last-days-of-mt-gox
http://blog.wizsec.jp/2015/02/mtgox-investigation-release.html

i sold everything @334$. then i think soon we will be back @250$ and then it is time to buy an wait for the halving.

We shall see in a few weeks if your strategy works out or not. The recent rise is quite smooth. I do not think it is caused by a robot.

no, not at the moment. but never ever 1000 again without manipulating the market.

$1000 can be achieved without manipulating the market. If the current trend continues until the end of the year $1000 is an easy target.

[BitHappy24]

I am new to the Bitcoin world but trying to learn.  Can you in reality in the far future ever see a coin be worth more than 1K or more?

yes I can, that's why so many people are mining/buying/collecting these days. A lot of people believe it's a good investment including myself

[eli113]

price may go up or down as any other currency or comodity but i like to get a comment or two :

miners are what makes transactions of bitcoin posible ,right ?

dificulty increasing often and then block rewards going down to half ,miner's costs going up so
the price needs to go up and cover at least the miners

right now for 150,000 transactions big or small ,average cost of fees+block rewards per transaction is 8$ !!!

that is a scary number considering divisibility and easy to spend little amounts like 2$ or less .are two of main
strengths of this curency ,equation can go better if we have more use of bitcoins but then we are like to hit
block size limits , damn this puzzle going worst anytime i try to fix it in my mind

welcome any help for me and i suspect for many other confused forum readers.

[bitrev]

yes hopefully it will reach 1k next year, that would be amazing to see that happen. It's almost at $400! Very close

[Andrelvogue]

I am thinking should I buy BTC now?? Bcuz if next year or in December well be 1000 dollar than that is alot of money hmmm....

[Bud Spencer]

Maybe but I wouldnt say for sure. The value of 1 btc is going up currently,  but it has to stop somewhere.