What if we sit at $310-$340 for 2 more years?

[hawkins]

it's a difficult balance, but if the price is stable, it happens. very difficult to guess the price of the current bitcoin, it could become a reality

[Bardman]

If the price stayed at those levels for more than 2 years, it could mean a collpase in the Industry. If the mining industry couldn't keep up, Bitcoin would much probably be dead.

That's a lie, bitcoin was at 1200$ and went to 200$ and didn't die because mining regulates itself, if the price is too low the difficulty will eventually be low too, it doesn't really matter what the price is.

[Amph]

If the price stayed at those levels for more than 2 years, it could mean a collpase in the Industry. If the mining industry couldn't keep up, Bitcoin would much probably be dead.

That's a lie, bitcoin was at 1200$ and went to 200$ and didn't die because mining regulates itself, if the price is too low the difficulty will eventually be low too, it doesn't really matter what the price is.

this does not make any sense, the diff was no where near the current diff, so of course at 200 there was still profit, huge profit actually, and at 1200 it was simply overkill, if we talk about miners profit

[darewaller]

it's a difficult balance, but if the price is stable, it happens. very difficult to guess the price of the current bitcoin, it could become a reality

No one can guess exactly the expected future price of bitcoins. It is totally depend upon many market conditions. But I also do not think it would be around $300 levels. In 2 years we can expect it to go above $2000 price levels.

[DeathProxyX]

it's a difficult balance, but if the price is stable, it happens. very difficult to guess the price of the current bitcoin, it could become a reality

No one can guess exactly the expected future price of bitcoins. It is totally depend upon many market conditions. But I also do not think it would be around $300 levels. In 2 years we can expect it to go above $2000 price levels.

Too high 2000$! For me a fair price is about 500$ (in a range from 350 to 700$)

[Amph]

it's a difficult balance, but if the price is stable, it happens. very difficult to guess the price of the current bitcoin, it could become a reality

No one can guess exactly the expected future price of bitcoins. It is totally depend upon many market conditions. But I also do not think it would be around $300 levels. In 2 years we can expect it to go above $2000 price levels.

Too high 2000$! For me a fair price is about 500$ (in a range from 350 to 700$)

based on what? ass assumptions? the marketcap is so tiny that right now bitcoin is not worth anything, 500 is massively undervalued, not even an argument

hell even 2k is massively undervalued, real value should be in the range of 1T at least, for the marketcap

[uki]

based on what? ass assumptions?, the marketcap is so tiny that right now bitcoin is not worth anything, 500 is massively udnervalued, not even an argument

hell even 2k is massively undervalued, real value should be in the range of 1T at least, for the marketcap

hold on. Until the adoption stays at the current levels, $500 is not undervalued by any means (unless you bought shortly before Mt. Gox collapse).
Market cap reflects what people are willing to put in the currency that is strongly manipulated by speculators and is for now far way from being adopted by the average Joe to pay for his daily grocery shopping. 

[Alubert]

Stable price is good if we want to use bitcoin for currency / payment, as many merchant will keep bitcoin not immediately sell it like they do now.
But for speculators, it's not a good thing because they want price is moving so they can make a profit.
Because we saw a lot speculators on bitcoin now, i think hard to see that bitcoin price will stable for next years, unless many of speculators out from bitcoin.

I think 20% price volatility is regarded as stable for the bitcoin for the next few years. After that, may be 10% price volatility is normal.

[MyBTT]

It is definitely not going to stay around that for two years. I think that it may stay around $380 though.

[BitMaxz]

We know that the price is not permanent even the price is going 310-340 i think we will still using it because the price is not stable and there still possibility that the price will increase again.. its just like year ago.. I always believe in bitcoin and there is a potencial that the bitcoin will be high value like gold...

[futureofbitcoin]

If the price stayed at those levels for more than 2 years, it could mean a collpase in the Industry. If the mining industry couldn't keep up, Bitcoin would much probably be dead.

That's a lie, bitcoin was at 1200$ and went to 200$ and didn't die because mining regulates itself, if the price is too low the difficulty will eventually be low too, it doesn't really matter what the price is.

this does not make any sense, the diff was no where near the current diff, so of course at 200 there was still profit, huge profit actually, and at 1200 it was simply overkill, if we talk about miners profit

Buyers of bitcoin does not give a shit about how much it costs to mine coins. They just care if they think the price if fair or not. Even if the block rewards go to 1 satoshi per block, if people don't want to spend more than $10 dollars per bitcoin, then they won't do so.

It'll be up to the miners to think of ways to stay profitable, or go bust. All that will happen is that mining difficulty will go down. There's absolutely no reason for buyers of bitcoins to worry about whether mining is profitable for the miners.

[Amph]

If the price stayed at those levels for more than 2 years, it could mean a collpase in the Industry. If the mining industry couldn't keep up, Bitcoin would much probably be dead.

That's a lie, bitcoin was at 1200$ and went to 200$ and didn't die because mining regulates itself, if the price is too low the difficulty will eventually be low too, it doesn't really matter what the price is.

this does not make any sense, the diff was no where near the current diff, so of course at 200 there was still profit, huge profit actually, and at 1200 it was simply overkill, if we talk about miners profit

Buyers of bitcoin does not give a shit about how much it costs to mine coins. They just care if they think the price if fair or not. Even if the block rewards go to 1 satoshi per block, if people don't want to spend more than $10 dollars per bitcoin, then they won't do so.

It'll be up to the miners to think of ways to stay profitable, or go bust. All that will happen is that mining difficulty will go down. There's absolutely no reason for buyers of bitcoins to worry about whether mining is profitable for the miners.

if they believe that 1 bitcoin is worth 10% then they are actually saying that bitcoin is useless for them, so better to not buy coin in any case, they are fooling themselves

when the value will skyrocket in the future, you will see that even the average joe will jump in no matter the price, they will buy small amount

those that lose money usually jump always when the price begin to skyrocket

[romero121]

It is definitely not going to stay around that for two years. I think that it may stay around $380 though.

At any hard situation it not gonna sit within the $310 - $340. There are possibilities for general bump down and up over these values but not gonna be settled over these after 2 r more years

[futureofbitcoin]

if they believe that 1 bitcoin is worth 10% than they are actually saying that bitcoin is useless for them, so better to not buy coin in any case, they are fooling themselves

when the value will skyrocket in the future, you will see that even the average joe will jump in no matter the price, they will buy small amount

those that lose money usually jump always when the price begin to skyrocket

No, I agree with you on that. When (if) the value skyrockets, there will be a lot of people joining the bandwagon.

But that's not what I'm talking about. I'm simply saying, that the cost of mining has no affect on the price of bitcoins. Rather, it's the price of bitcoins that dictates the cost of mining. Does that make sense?

[Amph]

if they believe that 1 bitcoin is worth 10% than they are actually saying that bitcoin is useless for them, so better to not buy coin in any case, they are fooling themselves

when the value will skyrocket in the future, you will see that even the average joe will jump in no matter the price, they will buy small amount

those that lose money usually jump always when the price begin to skyrocket

No, I agree with you on that. When (if) the value skyrockets, there will be a lot of people joining the bandwagon.

But that's not what I'm talking about. I'm simply saying, that the cost of mining has no affect on the price of bitcoins. Rather, it's the price of bitcoins that dictates the cost of mining. Does that make sense?

yeah it make perfect sense, in fact the diff increase after the value increase not the opposite

but if we take into account the chinese miners manipulation, that don't want to see their business go out of profit, maybe it can be connected in some other way

[gkv9]

It is definitely not going to stay around that for two years. I think that it may stay around $380 though.

True, because $380 is a strong support and $420 is the strongest resistance these days...
And it is breaking $380 below because of that cryptsy theft due to which many lost their coins and many lost their faith in BTC...

[romero121]

The present situation of bitcoin is not that bad to reach a value between 310$ - 340$
If it happens also it won't stay for a long time period of 2 years
390$ - 410$ can be expected to be stable for a long time

[Kaller]

The present situation of bitcoin is not that bad to reach a value between 310$ - 340$
If it happens also it won't stay for a long time period of 2 years
390$ - 410$ can be expected to be stable for a long time

If the Core team agree with a block size rise soon without any conditions, the price will go up very fast.

[LarryHocks]

It is I do not happen so quickly. It does have a low value, but does not mean that later become more valuable.
I think that the value will rise but not as fast.

[romero121]

The present situation of bitcoin is not that bad to reach a value between 310$ - 340$
If it happens also it won't stay for a long time period of 2 years
390$ - 410$ can be expected to be stable for a long time

If the Core team agree with a block size rise soon without any conditions, the price will go up very fast.

Yes the price increases but there also the miners are getting affected. Now also many miners dropping mining process due to increased power price. So once again mining gets affected which will reduce the bitcoin price