What Bitcoin price is too high?

[richardsNY]

Well considering it's current prices I think 1000$ is too high now for bitcoin's price. I would really love to see bitcoin over 1000$. If that will happen I will sell.  

Maybe that we'll get to finally see $1000 somewhere at the end of this year, but one thing is sure, as soon as the price hits $1000 again, it will cause a massive selling wave as people have set their selling target price at $1000. It will probably cause the price to fall back to $800 prices.

[1713993094]

1713993094

[1713993094]

1713993094

[MingLee]

Well considering it's current prices I think 1000$ is too high now for bitcoin's price. I would really love to see bitcoin over 1000$. If that will happen I will sell.  

Maybe that we'll get to finally see $1000 somewhere at the end of this year, but one thing is sure, as soon as the price hits $1000 again, it will cause a massive selling wave as people have set their selling target price at $1000. It will probably cause the price to fall back to $800 prices.

I am personally going to doubt a lot of the predictions that we'll hit $1,000 within the year, maybe within a few years time we can see something like that happen. Maybe not within the next three years even, but during the next halving I'm about 95% sure that we'll see over $1,000, and maybe something to rival the previous ATH. As for now, though, probably very little is going to happen. I think we've hit about where we're going to be.

[ebookscreator]

I can say that $1000 is the price level that i can say its too high also the other poll is too much price for bitcoin that its impossible to happen so i choose $1k value because this is i think will happen in this year.

[richardsNY]

Well considering it's current prices I think 1000$ is too high now for bitcoin's price. I would really love to see bitcoin over 1000$. If that will happen I will sell.  

Maybe that we'll get to finally see $1000 somewhere at the end of this year, but one thing is sure, as soon as the price hits $1000 again, it will cause a massive selling wave as people have set their selling target price at $1000. It will probably cause the price to fall back to $800 prices.

I am personally going to doubt a lot of the predictions that we'll hit $1,000 within the year, maybe within a few years time we can see something like that happen. Maybe not within the next three years even, but during the next halving I'm about 95% sure that we'll see over $1,000, and maybe something to rival the previous ATH. As for now, though, probably very little is going to happen. I think we've hit about where we're going to be.

I understand where you are coming from. A lot people here like to share their wildest price predictions while they in fact don't make much sense. However, I am a bit more optimistic about the price than you are. By the time the next halving will happen, the price must be higher than $2000 otherwise block rewards will not be that rewarding at all. I personally find the $1000 barrier to be an achievable target for this year. Only time will tell what will happen.

[btcmerich]

For u personally what is a Bitcoin price that u would consider too high?

What can be the maximum Bitcoin's worth?

~CfA~

Going by your choices, I can say that the value of bitcoin can be considered too high if it touches $1000+ because it just is. Comparing to all the other stocks that can be traded, bitcoin's value is definitely way up top. Hoping still this halving will bring many miracles to us.

You can not compare bitcoin with Stocks.  Bitcoin is diffrent animal.  Is like saying for example 20, 000 USD is too much for autographed  letter from JFK. Sure might be for you and me , but there will always be some one wanting to buy. If bitcoin grows and  people are willing to  collect / own / trade then 1000 USD per BTC is nothing

[greatr]

Well considering it's current prices I think 1000$ is too high now for bitcoin's price. I would really love to see bitcoin over 1000$. If that will happen I will sell. 

i doubt that 1 thousand dollars per bitcoin is already too much, the price could grow even more up not only 1 thousand dollars because there are a lot of interest in bitcoins at the moment

hopefully the price will not start falling any time soon, the price is surely not too high right now and i doubt that it will ever be too big for bitcoins, in my opinion bitcoin will be much more valuable soon

[angaper]

I am totally convinced that the current high price only can be understood since a speculative explanation, because I can't see an intrinsic value behind the alleged advantages of the involved technology required to develop the bitcoin. And when all the world realize it, we will see a spectacular fail in the altcoins prices.

[alpesh102]

All money in this world in btc=
1717898361btc

Maximum available btc= 21000000btc

So now all money stored in btc of world in btc=21000000*520$(standard exchange rate for 2016)=
20958526btc

money stored in bank of world in btc= 1717898361-20958526
1696939835btc

how much part of money stored in btc of world in btc=1717898361/2095852681.26~82

1/82money of world invested in bitcoin so the rate comes 520$/btc.

Now if 1/10 part of money stored in btc it's rate will be
 8.20000131×520=
4264$/btc


So now i think you got answer of your question neither bitcoin rate is high nor low it's price just depend in all how much money stored in btc.
If storing money in btc increase its demand will increase.

Don't blame me if you can't understand

Neither this article on net i copied nor its any statement.i just made this with my hard work after spending an hour

sochnewali bat hai.....

[Red-Apple]

looking at the short term rises for example in the next month any price around $1000 is too high for bitcoin and will not hold but if you are actually looking at the bigger picture here i believe that bitcoin price should really be a lot more than this because bitcoin is in fact undervalued right now so i would vote for $5000+ which is also not a part of the poll!

[Matkurb]

looking at the short term rises for example in the next month any price around $1000 is too high for bitcoin and will not hold but if you are actually looking at the bigger picture here i believe that bitcoin price should really be a lot more than this because bitcoin is in fact undervalued right now so i would vote for $5000+ which is also not a part of the poll!

That is right. If the bitcoin price is $1000 next month, it will be too high. If the price is $1000 in 6 months, it is normal.

[White sugar]

Above $1M will be too expensive to me.

Anything below that will be reasonable and with more room to grow, in my opinion

[bitcoinlover1]

All money in this world in btc=
1717898361btc

Maximum available btc= 21000000btc

So now all money stored in btc of world in btc=21000000*520$(standard exchange rate for 2016)=
20958526btc

money stored in bank of world in btc= 1717898361-20958526
1696939835btc

how much part of money stored in btc of world in btc=1717898361/2095852681.26~82

1/82money of world invested in bitcoin so the rate comes 520$/btc.

Now if 1/10 part of money stored in btc it's rate will be
 8.20000131×520=
4264$/btc


So now i think you got answer of your question neither bitcoin rate is high nor low it's price just depend in all how much money stored in btc.
If storing money in btc increase its demand will increase.

Don't blame me if you can't understand

Neither this article on net i copied nor its any statement.i just made this with my hard work after spending an hour

sochnewali bat hai.....

You posted in hindi language here.
Its not and local indian thread to post in hindi here many would dont understand it...

[ASHLIUSZ]

The price of bitcoin today is $657, it is being stable around $650 to $680 for about one month. If the price rises to $1000 within couple of months and remain stable means at that moment we can say the bitcoin price is too high.

[Osarman]

i think $10000 is the highest price of bitcoin, because bitcoin is very popular than other currency and maximum people are investing their money in bitcoin .

[mundang]

$100k is too high for a bitcoin price when it comes to me,cause we might reach the $10k to $40k after years that will come.
2030 bitcoin will reach the $20k price.

[Leonard2016]

well, some of the POLL options are just too big to even be true in my sleep like 1 billion dollar and so on.

but for normal prices i think over time, meaning in a couple of years it is possible to see $1000 and then 2K, 3K and it is possible to see 5k+ for bitcoin in a couple of years although it all depends on how well bitcoin can get adopted in these years and i personlly consider prices like 10K and above impossible (too high) for bitcoin.

[dumada]

In the short term, if the bitcoin price is $900 next month, I think it is too high. If it is $800, it is reasonable.

[ethereumhunter]

i think its not too high at the moment, because if we take a look on the miners, they only got small amount than before. so its should be more than $1000, but its just my opinion. i don't know how exactly to calculate what is this too high or not. but i think, we only can predict about the future, no one can be said "i am right, you are wrong"  lets we see what is happen in future, shall we? 

[ImHash]

it only depends on the popularity of bitcoin and how many people are buying and selling if a lot of them like millions try to buy some btc then $5000 is still considered as low, more people get involved  with bitcoin and crypto in total more rising in prices I hope.

[Theboyz12]

For now this year don't expect that one of the poll will reach because the price is decreasing and i think we will experience of crisis here and the price will hit again back to below 600 value..