Will BTC ever reach 1000 again?

[anonbit992]

Long time lurker, first time poster. I made a very silly mistake of buying coin at $1160. I use bank transfer which takes days to process, so there was nothing I could do when the collapse started just 2 hours after my purchase. I've also had a fair bit of coin that I bought at 800 months ago. When the price began to dip under 1000, I thought I could just sell the coin I bought for 800 to break even. But I held on expecting a recovery. And now we're at 780. There was a lot of hype on this board which certainly impelled me to buy. But I'm starting to think BTC is unrecoverable at this point. I don't see a rebound. I don't mind holding onto my coins for another 6 months, but if it's just going to drop to 600 and stay there for another 2 years then I might as well sell now. What do you guys think?

You are already on a loss and there will be no change if you will minimize the loss by doing selling at the current rate. Since you just face the output then why extent it more by still holding the coins you have purchase at $1160. It's just the same since you will buy again at the current rate or should I say waiting for more dip. Just hold and hold and hold and let it idle even it will take years. What you must do now if you have still some extras ammos there is to take advantage of the current dip and plan for another rounds of buying.

Anyways is there any other way/s available in your country to buy coins without using bank transfers? When there is a rally it's not good if all our funds or ammos can't be accessed immediately.

P.S Im not saying you should do that. If Im on your situation that will be the possible actions I will made.

This message reminds me of how people panicked when bitcoin corrected form 30 to 3 US dollars in it's early days. Many sold booking heavy losses. Look where the price is now. I just want to say that you hold on to your bitcoin for the years to come and see the result for your self. You can diversify some bitcoin to projects such as singular dtv and iconomi.

[lite]

In my own opinion bitcoin price will be too hard to be on that price again first thing is investors who hold tones of bitcoin start dumping bitcoin price they are really impatient with this kind of activity they think about their selves only in short they're selfish i bought some bitcoin this evening and im still hoping that there will be an miracle happen .

Price will move up again, it'll take some time but we'll see $1000+ again (probably before 2018). if you're holding for long-term the rise or fall in price shouldn't worry you.

[kryptqnick]

Long time lurker, first time poster. I made a very silly mistake of buying coin at $1160. I use bank transfer which takes days to process, so there was nothing I could do when the collapse started just 2 hours after my purchase. I've also had a fair bit of coin that I bought at 800 months ago. When the price began to dip under 1000, I thought I could just sell the coin I bought for 800 to break even. But I held on expecting a recovery. And now we're at 780. There was a lot of hype on this board which certainly impelled me to buy. But I'm starting to think BTC is unrecoverable at this point. I don't see a rebound. I don't mind holding onto my coins for another 6 months, but if it's just going to drop to 600 and stay there for another 2 years then I might as well sell now. What do you guys think?

I think that if you are willing to wait only for 6 months or so then you better sell now, because previously when btc became $1k+ it then dropped to $200 if you recall. If you can wait for a few years then you better wait. All the panic will vanish, bitcoin will become more popular, more stable and it is likely to cost around $2k, I guess. People slowly learn to trust btc and so they won't make the price become very low. We all know there are many people who wait for the price to drop so that they can buy some. You can help them by selling your sum but I don't think it's worth it.

[Stedsm]

This was the question that was asked when BTC crashed down to $200 back from $1k when it reached there for the first time, but BTC proved itself once again and the price, even after falling back to $800 is still not too far from $1000 and as we all know, Bitcoin has always proved that nothing is impossible for it.

[Frank Alister]

When something down, one day goes up I don't believe that btc will lose its value or something like that. Barely, it will be better than any other time. Don't give up guys, better days are coming 

[alyssa85]

Long time lurker, first time poster. I made a very silly mistake of buying coin at $1160. I use bank transfer which takes days to process, so there was nothing I could do when the collapse started just 2 hours after my purchase. I've also had a fair bit of coin that I bought at 800 months ago. When the price began to dip under 1000, I thought I could just sell the coin I bought for 800 to break even. But I held on expecting a recovery. And now we're at 780. There was a lot of hype on this board which certainly impelled me to buy. But I'm starting to think BTC is unrecoverable at this point. I don't see a rebound. I don't mind holding onto my coins for another 6 months, but if it's just going to drop to 600 and stay there for another 2 years then I might as well sell now. What do you guys think?

I think it will go back up, but it might take a year.

In the meanwhile, you might be able to recoup some of your losses by lending out the bitcoin on Poloniex. The lending rates are about 0.02% a day, which is about 7.5% per annum. Search the forum for more info on how to do this.

[InvoKing]

I would recommend cutting your losses. Big money is on crypto 2.0. Bitcoin is outdated and not adapting to real world user demand and expectations.

It could be hyped and manipulated again but it gets harder and harder as the community becomes more aware of bitcoins fundamental flaws.

You never give up pal
I read your response on another thread and I respect it but bitcoin will persist, maybe it needs some fixes and this will happens for sure
Back to the topic,  yes it will rise again

[Ducksun]

Of course it will ever reach this the bitcoin has a great future it maybe will take a while but it will reach this number again.