We would be 1000+ if bitfinex didn't happen

[jakelyson]

It's really hard to tell, $1000 is obviosly really high enough to reach in that amount of time. You maybe right but we are not sure of that. But better investment is long term investment.

YEah, even without the bitfinex hack happening, I do not think we will reach 1000$ price this soon. AFTER the hype of halving, the price is due to go down then work its way back up. It will go up to 1000$ level but maybe in a few more years, not this year.

[Zadicar]

It's really hard to tell, $1000 is obviosly really high enough to reach in that amount of time. You maybe right but we are not sure of that. But better investment is long term investment.

YEah, even without the bitfinex hack happening, I do not think we will reach 1000$ price this soon. AFTER the hype of halving, the price is due to go down then work its way back up. It will go up to 1000$ level but maybe in a few more years, not this year.

Agree, reaching $1k price  on this year would be impossible in my view since  as we saw on the bitcoins price movement its a little bit slow and  there are might  possible some circumtances that may affect bitcoins price in upcoming months or years just like what happen on bitfinex.

[Hugroll]

All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.

We will be at 1000 next year granted.

if the bitfinex thing didnt happen, we would be higher than 600ish but i dont believe that we would be around 1000.that number is way to high for the numbers of bitcoin in circulation.my guess is we wold have been around 650-700.

[RoommateAgreement]

All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.

We will be at 1000 next year granted.

i think it was a possibility back then to reach the $1000 if the hack and the following panic sell didn't happen.

we were on the way to that price anyways when this big stop came along. although it was a good chance of buying cheap coins.

[digaran]

Nah don't be so optimistic dude that's not possible, maybe we could hit $700 if there was no hacking and dumping involved but $1000?

[DaddyMonsi]

Before Bitfinex announced that there was a security breach Bitcoin price is merely touching $800 level. It may have reached $900 but $1,000 is to far for reality. There are other factors that made Bitcoin drops to $600 and even back to the $500 level.

[zimmah]

All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.

We will be at 1000 next year granted.

if the bitfinex thing didnt happen, we would be higher than 600ish but i dont believe that we would be around 1000.that number is way to high for the numbers of bitcoin in circulation.my guess is we wold have been around 650-700.

nah it's not, the amount of bitcoin in circulation wouldn't prevent it from reaching $1000, but poor development team decisions are a much larger hurdle to overcome.

[richardsNY]

Before Bitfinex announced that there was a security breach Bitcoin price is merely touching $800 level. It may have reached $900 but $1,000 is to far for reality. There are other factors that made Bitcoin drops to $600 and even back to the $500 level.

Just before Bitfinex came with a public statement about them having lost like 120K coins, the price was hovering above the $650 level. Due to the speculation around the block halving the price nearly reached $800, but it was all due to the hype. The price was very much due for a dive to the South. The market needed a cool down period.

[PsursV]

i do not think so. if the bitfinex issue did not happen even then bitcoin would not be trading above 1000$. i think it would be trading above 800$. but hope that bitcoin is going to trade above 1000 very soon.

[Fatanut]

Let's make a timeline:
800$ range, Bitfinex got hacked price goes to 560$ range, Bitcoin didn't move that much, Bitcoin moved to 620$ (60$ difference).

Removing the Bitfinex from the set of events will result into an 800$ range, no significant movement for a while, +60$, we will be at 860$. There are flaws in this logic but you get the gist -- it will not touch 1000$ even if Bitfinex didn't get hacked. With the 800$ range, whales might have even dumped out some of their coins which would result for an even lower range. Nevertheless, none of us can do anything about these events. All we can do is wait for the next major price increase for we are all just speculators right now.

[23dzmaz]

I think it won't affect the price of bitcoin even without bitfinex hacked, because when the bitfinex happened, yes the price is dropped but for the next 3-5 days the price come back to normal again.

[randy8777]

Let's make a timeline:
800$ range, Bitfinex got hacked price goes to 560$ range, Bitcoin didn't move that much, Bitcoin moved to 620$ (60$ difference).

Removing the Bitfinex from the set of events will result into an 800$ range, no significant movement for a while, +60$, we will be at 860$. There are flaws in this logic but you get the gist -- it will not touch 1000$ even if Bitfinex didn't get hacked. With the 800$ range, whales might have even dumped out some of their coins which would result for an even lower range. Nevertheless, none of us can do anything about these events. All we can do is wait for the next major price increase for we are all just speculators right now.

the price tanked to $465 at the extreme bottom of the dump. it made the price go down more than $150 in a single day. that's a significant difference.

[reb0rn21]

Sure Bitfinex slowed BTC uprise, if hack have not happened I think we would be somewhere in 800-850$ range, the 1000$ also have a physical meaning, first traders would try to dump on 1000$ make a short, but if and when 1000+ became stable there is big chance next BTC price hype will start
As soon the news start to publish bitcoin stable price and record high we gona see next race to uptrend will it be 2000 - 2500$ i am sure of it, but when i don`t know, we need some 3+ months period of no bad news for sure

[Yakamoto]

Sure Bitfinex slowed BTC uprise, if hack have not happened I think we would be somewhere in 800-850$ range, the 1000$ also have a physical meaning, first traders would try to dump on 1000$ make a short, but if and when 1000+ became stable there is big chance next BTC price hype will start
As soon the news start to publish bitcoin stable price and record high we gona see next race to uptrend will it be 2000 - 2500$ i am sure of it, but when i don`t know, we need some 3+ months period of no bad news for sure

You know that saying that we'd be at $1,000+ if Bitfinex didn't happen is completely unfounded right? Even saying it'd be up in the $800s? Just because we saw a buy-in over the past few weeks doesn't mean it's new money flowing in and there's a chance the market would have just stayed at the low $600s.

You can't say that a price change would have happened if the market stayed where it was. Chances are nothing was going to change, or at least not by much. I don't know how it can be said it would have gone up ~$400.

[asriloni]

I think it won't affect the price of bitcoin even without bitfinex hacked, because when the bitfinex happened, yes the price is dropped but for the next 3-5 days the price come back to normal again.

i'm sure that if bitfinex didn't hacked the price could possibly rising even higher,do you know the reason behind the price recover? i'm sure it's because of another business that affect bitcoin,so if the price could rising even after bitfinex hacked then imagine how if bitfinex wasn't hacked? the result will be ofcourse different

[Money Maker Shaker]

we will get there soon.

the price is already on the rise again but there is some weak hands also scared and cashing out so it is a slow rise.

[carlfebz2]

I think it won't affect the price of bitcoin even without bitfinex hacked, because when the bitfinex happened, yes the price is dropped but for the next 3-5 days the price come back to normal again.

i'm sure that if bitfinex didn't hacked the price could possibly rising even higher,do you know the reason behind the price recover? i'm sure it's because of another business that affect bitcoin,so if the price could rising even after bitfinex hacked then imagine how if bitfinex wasn't hacked? the result will be ofcourse different

You have  a point though but still it wouldnt reach $1000+  even bitfinex didnt get hacked previously and its a normal thing that bitcoins price would increase because  adoption rate  is  increasing too thats somehow affects the price to go up but still  its impossible  to reach $1k  in a short period of time.