When Will Bitcoin Reach $1000??

[durdenBTC]

Love everybodies take on this!! Of course its all speculation no matter what you think, so no need to flame each other. I do think it will hit 1000.00 easy under a year from now, I also beleive there will be another selloff that will cause a huge drop again like after the 242.00 in April or whenever that was. We need transactions to happen not the Chinese hoarding them like pokemon cards! This huge buy up by them is fueling the raise in price obviously but when that hype is done and all those coins are dormant in a bitcoin wallet it doesnt help in my opinion. If they arent being spent it defeats the damn purpose of them, I kind of hate how people are using it as a stock investment. Not saying its wrong but in the long run its not a good thing when we want BTC to be a fully functioning payment and not a stock. When large amounts are held by any person or entity thats when the bullcrap happens.....example - what if Bill Gates bought up every available BTC tomorrow then put them in a wallet and tossed it in the ocean?? I know the results could be a million different scenarios but most of the possible outcomes arent too awesome, unless you think the remaining coins would be worth a million a piece which is not realistic. Just my opinion, I dont know for sure, none of us do or wed all be loaded right now. Cheers guys!

I'm guessing it depends if there's not a big trigger to cause people to sell (ie a big fish selling a lot, a major site shutting down etc).  People will take profits from gains but if no big pressure people won't panic. 

[Blazey]

Anything is possible right now, but I do not think it will go below $500.

Yeah, too many people are coming to it and they expect to EARN money not lose it. None of them are going to sell below $500. And a lot of them will just give up and forget their wallets, then one day realize they made a great investment and get like $50k from 1 Bitcoin (in like 10 years+).

dont forget,
alot of people hope to get as much as possible for one btc, this means if the price starts bumping, most of people will start to withdraw, what they can in hope to get as much as they can. all of them are not trading with btcs, so minority will keep them in wallets. lets only hope, the people invest back. those kind of fears, people forced to stay cautious and not to wait to long...

[zendantom]

Anything is possible right now, but I do not think it will go below $500.

Yeah, too many people are coming to it and they expect to EARN money not lose it. None of them are going to sell below $500. And a lot of them will just give up and forget their wallets, then one day realize they made a great investment and get like $50k from 1 Bitcoin (in like 10 years+).

dont forget,
alot of people hope to get as much as possible for one btc, this means if the price starts bumping, most of people will start to withdraw, what they can in hope to get as much as they can. all of them are not trading with btcs, so minority will keep them in wallets. lets only hope, the people invest back. those kind of fears, people forced to stay cautious and not to wait to long...

Selling coins is not bad, these are sold to others who might find it usefull and start providing product/services for BTC - it helps adoption

[raspcoin]

Anything is possible right now, but I do not think it will go below $500.

Yeah, too many people are coming to it and they expect to EARN money not lose it. None of them are going to sell below $500. And a lot of them will just give up and forget their wallets, then one day realize they made a great investment and get like $50k from 1 Bitcoin (in like 10 years+).

dont forget,
alot of people hope to get as much as possible for one btc, this means if the price starts bumping, most of people will start to withdraw, what they can in hope to get as much as they can. all of them are not trading with btcs, so minority will keep them in wallets. lets only hope, the people invest back. those kind of fears, people forced to stay cautious and not to wait to long...

Selling coins is not bad, these are sold to others who might find it usefull and start providing product/services for BTC - it helps adoption

It depends. I feel like new buyers only want to make a profit on trading, without actually using the coins. On the other hand, capital gains are taxed in most countries, while bitcoin purchases are not, so investors may choose to spend the coins this way to avoid that fee.

[ANiceJewishBoy]

Read & Share
https://bitcointalk.org/index.php?topic=340059.0

[ANiceJewishBoy]

Anything is possible right now, but I do not think it will go below $500.

Yeah, too many people are coming to it and they expect to EARN money not lose it. None of them are going to sell below $500. And a lot of them will just give up and forget their wallets, then one day realize they made a great investment and get like $50k from 1 Bitcoin (in like 10 years+).

dont forget,
alot of people hope to get as much as possible for one btc, this means if the price starts bumping, most of people will start to withdraw, what they can in hope to get as much as they can. all of them are not trading with btcs, so minority will keep them in wallets. lets only hope, the people invest back. those kind of fears, people forced to stay cautious and not to wait to long...

Selling coins is not bad, these are sold to others who might find it usefull and start providing product/services for BTC - it helps adoption

You should go tell this to people in the Devcoin thread.

[madcappp]

Will bitcoin go back down to 200 or even 300 again?

[stompix]

Best answers:
1) in the future
2) someday
3) it will certainly do
4) i don't know

[Domi3636]

When more people start using it.
It is really hard to get some bitcoins now.

[fiddelingones]

Will bitcoin go back down to 200 or even 300 again?

Likely for short time, be sure to have buy orders at exchnge just in case, these oppurtunities dont last long. I still have $50 buy order unfilled for months 

[cypherc]

just did

[krallkain]

I doubt it's going to reach $1000 this time. It will probably crash a least once more before it goes to 1000$, though clearly it will reach $1000 at some point (probably in Q1-Q2 next year).

Right now, the price increase is more likely related to the fact that ASICs are killing conventional miners and that the price is going up during the transition from GPU/FPGA to ASIC to keep conventional miners incentivised to mine. If you look at the meteoric rise in difficulty, the price could easily rise up to $10k. That's a measure of how hard it will be to mine BTC. However, that's counting without the fact that no exchange has the architecture to support the massive increase in price, speculation and regulatory complications. BTC value will rise until people realize just how hard it is to get their money out. Once they do, it will crash massively and pick up again when more exchanges appear and make it easier to convert back to fiat.

[u9y42]

BTC value will rise until people realize just how hard it is to get their money out. Once they do, it will crash massively and pick up again when more exchanges appear and make it easier to convert back to fiat.

I imagine the increase in services that accept bitcoin directly might help mitigate any drop though, or maybe avoid it altogether. But then again, that might be too optimistic. 

[Krustenviech]

I think the ppl fear the 1000$ border...

[uininPeter]

BTC value will rise until people realize just how hard it is to get their money out. Once they do, it will crash massively and pick up again when more exchanges appear and make it easier to convert back to fiat.

Dont worry, Bitcoin ATMs are on the way, already few in testing at some places

[ANiceJewishBoy]

https://www.youtube.com/watch?v=RnJSbFu3xhM
https://www.youtube.com/watch?v=XWsmx6JmqCc
https://www.youtube.com/watch?v=6eMy2e2FEH4

[Blazey]

theres a lot of speculation about what can rise bitcoin. on the first place theres ebay, amazon implementing. on the other side bitmit and some other siet are shuting down. the people are buying more and more powerfull asics, which left other small miners only the crumbs. they stop mining after a while, and make some hashrate room on the bottom.

after all.. if the bitcoin falls again, alot of new people that are interested in it, will start buying, the one who withdraw will invest back. then we can see 1000$ border fall. perhaps in a near future, mybe before end of the year.

[thisdudedoesit]

By the end of the year probably.  People always try to say things like "The Senate hearings caused a spike in bitcoin prices" or "Baidu accepting bitcoin caused a spike in bitcoin prices".  I don't think much of this really matters as much as dinner table or water cooler conversations.  The Chinese government stamp of approval was one thing that had a huge impact on demand, but little stuff, like the positive Senate hearing doesn't impact the price all that much or at least not all that quickly.

[ANiceJewishBoy]

https://www.youtube.com/watch?v=DQpwvhOab6k

[stompix]

Today....watch the charts any second , it will happen , don't move from your computer , stay connected
Don't blame me afterwards for ending in a hospital