Bitcoin price! really dude?

[Gliassa]

The price of the bitcoin is not really high right now and that is the biggest problem we all like to see the price of th ebitcoin at the highest point off course and i dont know
when that is going to happen but we wont hknow.

[Taki]

We'll hit 1K by end of this year, 2016.

One caveat: my predictions have ALL been wrong, so far.

It is almost the end of the year and bitcoin is still shacking around 600$. So your prediction wasn't right. Everything I can expect from bitcoin in this couple months to the New Year is that it will hit the point of 700$ finally. Next higher step is expected only in next 2017 year. You may agree with me or not, but it's just my own opinion based on the current situation with bitcoin.

[Fatanut]

The price of th ebitcoin is really bad and i dont think that is because of our things that ie because lots of people are holding the bitcoins and that is raelly bad you need to spent
bitcoins when you want the price to rise.

Spending bitcoin wouldn't necessarily increase the price of bitcoin. The price of bitcoin mainly increases because people are buying more bitcoins, not spending them. Spending bitcoins will just transfer your coins into another person's bitcoin wallet. That other person will probably just hold that bitcoin too because that's what most people do. Ultimately, the market will just move downwards once that other person decides to sell his coins.

[serjent05]

The price of th ebitcoin is really bad and i dont think that is because of our things that ie because lots of people are holding the bitcoins and that is raelly bad you need to spent
bitcoins when you want the price to rise.

Spending bitcoin wouldn't necessarily increase the price of bitcoin. The price of bitcoin mainly increases because people are buying more bitcoins, not spending them. Spending bitcoins will just transfer your coins into another person's bitcoin wallet. That other person will probably just hold that bitcoin too because that's what most people do. Ultimately, the market will just move downwards once that other person decides to sell his coins.

I agree that the buy demand is the one that increase bitcoin price.  But if you study a system, promotion helps alot for the popularity of the coin and to be able to get more people to jump in the bitcoin economy.  One way of promoting bitcoin is by simply spending it as showing the usefulness of bitcoin in day to day life.

[katrimans]

The price of th ebitcoin is really bad and i dont think that is because of our things that ie because lots of people are holding the bitcoins and that is raelly bad you need to spent
bitcoins when you want the price to rise.

Spending bitcoin wouldn't necessarily increase the price of bitcoin. The price of bitcoin mainly increases because people are buying more bitcoins, not spending them. Spending bitcoins will just transfer your coins into another person's bitcoin wallet. That other person will probably just hold that bitcoin too because that's what most people do. Ultimately, the market will just move downwards once that other person decides to sell his coins.

I agree that the buy demand is the one that increase bitcoin price.  But if you study a system, promotion helps alot for the popularity of the coin and to be able to get more people to jump in the bitcoin economy.  One way of promoting bitcoin is by simply spending it as showing the usefulness of bitcoin in day to day life.

Yes, demand for bitcoin is coming from promotion by attracting new investors. But, it is not possible for all bitcoiners to keep on promoting bitcoin as a part time job. When we are having very good application or new business which are based on bitcoin payments, definitely that will itself act as a very good promotion to create more demands.

[Deanero]

The price of th ebitcoin is really bad and i dont think that is because of our things that ie because lots of people are holding the bitcoins and that is raelly bad you need to spent
bitcoins when you want the price to rise.

Spending bitcoin wouldn't necessarily increase the price of bitcoin. The price of bitcoin mainly increases because people are buying more bitcoins, not spending them. Spending bitcoins will just transfer your coins into another person's bitcoin wallet. That other person will probably just hold that bitcoin too because that's what most people do. Ultimately, the market will just move downwards once that other person decides to sell his coins.

I agree that the buy demand is the one that increase bitcoin price.  But if you study a system, promotion helps alot for the popularity of the coin and to be able to get more people to jump in the bitcoin economy.  One way of promoting bitcoin is by simply spending it as showing the usefulness of bitcoin in day to day life.

Yes, demand for bitcoin is coming from promotion by attracting new investors. But, it is not possible for all bitcoiners to keep on promoting bitcoin as a part time job. When we are having very good application or new business which are based on bitcoin payments, definitely that will itself act as a very good promotion to create more demands.

Look at Bitcoins Marketcap, it is tiny in the grand scheme of things. Bitcoin adoption is growing at a phenomenal rate and the price is rising because it. Once the EFT is launched, Bitcoin will break through $1000 imo.

[izlevinv]

The price of th ebitcoin is really bad and i dont think that is because of our things that ie because lots of people are holding the bitcoins and that is raelly bad you need to spent
bitcoins when you want the price to rise.

Spending bitcoin wouldn't necessarily increase the price of bitcoin. The price of bitcoin mainly increases because people are buying more bitcoins, not spending them. Spending bitcoins will just transfer your coins into another person's bitcoin wallet. That other person will probably just hold that bitcoin too because that's what most people do. Ultimately, the market will just move downwards once that other person decides to sell his coins.

I agree that the buy demand is the one that increase bitcoin price.  But if you study a system, promotion helps alot for the popularity of the coin and to be able to get more people to jump in the bitcoin economy.  One way of promoting bitcoin is by simply spending it as showing the usefulness of bitcoin in day to day life.

If we find many merchants who starts accepting bitcoin as a mode of payment then it will attract many people who are not aware about bitcoins yet and that will make them curious to know about bitcoins and will start knowing what bitcoin is all about and I think that is the best way to promote bitcoins.

[Fatanut]

The price of th ebitcoin is really bad and i dont think that is because of our things that ie because lots of people are holding the bitcoins and that is raelly bad you need to spent
bitcoins when you want the price to rise.

Spending bitcoin wouldn't necessarily increase the price of bitcoin. The price of bitcoin mainly increases because people are buying more bitcoins, not spending them. Spending bitcoins will just transfer your coins into another person's bitcoin wallet. That other person will probably just hold that bitcoin too because that's what most people do. Ultimately, the market will just move downwards once that other person decides to sell his coins.

I agree that the buy demand is the one that increase bitcoin price.  But if you study a system, promotion helps alot for the popularity of the coin and to be able to get more people to jump in the bitcoin economy.  One way of promoting bitcoin is by simply spending it as showing the usefulness of bitcoin in day to day life.

Simply spending your bitcoins doesn't necessarily promote bitcoin unless you post it on your facebook account showing people your transaction. When you spend your bitcoins, what's happening is a deal between two bitcoin users. There's no non-bitcoin users that are being affected. But I guess it's actually in the seller's perspective that can actually help promote bitcoins. If more and more establishments especially in big cities start accepting bitcoins, people would surely check out what bitcoin is.

[lionheart78]

The price of th ebitcoin is really bad and i dont think that is because of our things that ie because lots of people are holding the bitcoins and that is raelly bad you need to spent
bitcoins when you want the price to rise.

Spending bitcoin wouldn't necessarily increase the price of bitcoin. The price of bitcoin mainly increases because people are buying more bitcoins, not spending them. Spending bitcoins will just transfer your coins into another person's bitcoin wallet. That other person will probably just hold that bitcoin too because that's what most people do. Ultimately, the market will just move downwards once that other person decides to sell his coins.

I agree that the buy demand is the one that increase bitcoin price.  But if you study a system, promotion helps alot for the popularity of the coin and to be able to get more people to jump in the bitcoin economy.  One way of promoting bitcoin is by simply spending it as showing the usefulness of bitcoin in day to day life.

Simply spending your bitcoins doesn't necessarily promote bitcoin unless you post it on your facebook account showing people your transaction. When you spend your bitcoins, what's happening is a deal between two bitcoin users. There's no non-bitcoin users that are being affected. But I guess it's actually in the seller's perspective that can actually help promote bitcoins. If more and more establishments especially in big cities start accepting bitcoins, people would surely check out what bitcoin is.

Spending bitcoin means there is more available bitcoin in circulation.  In addition to that, it will make the bitcoin market healthy.  See the picture of everyone holding their bitcoin and not even selling a single satoshi of it.  Market will die eventually because of the scarcity of available coins to circulate the market.  It will incease in price, yes temporarily until people lose interest to the coin.  Once you sell it, it means spending, so that means there is movement of the coins and changing of hands.  There should and must be a healthy circulation of bitcoin first before merchants start to accept bitcoin.  How can you do business when one factor of it is so scarce because of people hoarding it.

[brutosBTC]

Exactly, $5000 is just insance number to be predicted in a small period of time because as of now we are in $600+ per 1 bitcoin and we are now 2 months before 2017, I guess $1000 is enough to assume that 1 bitcoin will reach before 2016 ends, but we really don't know if how bitcoin rise and down of its own value. The best thing now in this industry of bitcoin is, it is continually increasing its value.

[serjent05]

Exactly, $5000 is just insance number to be predicted in a small period of time because as of now we are in $600+ per 1 bitcoin and we are now 2 months before 2017, I guess $1000 is enough to assume that 1 bitcoin will reach before 2016 ends, but we really don't know if how bitcoin rise and down of its own value. The best thing now in this industry of bitcoin is, it is continually increasing its value.

I agree, 5000 USD is really impossible even at the end of 2017,  the more realistic is the increment of 50 USD per month. so  by computing such increase, 800 USD is very possible at the end of year 2016, and 1.4k USD at the end of 2017.  that is more reasonable and realistic than speculating 5000 USD at the end of 2017.

[stomachgrowls]

Exactly, $5000 is just insance number to be predicted in a small period of time because as of now we are in $600+ per 1 bitcoin and we are now 2 months before 2017, I guess $1000 is enough to assume that 1 bitcoin will reach before 2016 ends, but we really don't know if how bitcoin rise and down of its own value. The best thing now in this industry of bitcoin is, it is continually increasing its value.

I agree, 5000 USD is really impossible even at the end of 2017,  the more realistic is the increment of 50 USD per month. so  by computing such increase, 800 USD is very possible at the end of year 2016, and 1.4k USD at the end of 2017.  that is more reasonable and realistic than speculating 5000 USD at the end of 2017.

$5k  price on bitcoin  on next year  would   be really impossible   its too high price to  speculate  from and  its  too  unrealistic to consider.  $800 price on this year would surely be possible.  Speculation of  prices are  normal  but  people  should really   think  on  possible prices on a particular time.