When will BTC hit $1000 again?

[DarkMiningBTC]

I feel like I keep loosing. I bought some BFL 100 GH miners a few months ago, never got an RIO (became useless after 30 days), I built many scrypt miners, no RIO yet, bought a scrypt asic 5MH and a few days later price goes down 3x. Past few months invested $10,000 in BTC since it went to $400. I feel like MTGOX f'd up my life at this point. Will BTC ever hit $1000 again? Looks like it will NEVER go up again. Just my luck.

[Ron~Popeil]

I feel like I keep loosing. I bought some BFL 100 GH miners a few months ago, never got an RIO (became useless after 30 days), I built many scrypt miners, no RIO yet, bought a scrypt asic 5MH and a few days later price goes down 3x. Past few months invested $10,000 in BTC since it went to $400. I feel like MTGOX f'd up my life at this point. Will BTC ever hit $1000 again? Looks like it will NEVER go up again. Just my luck.

Take a look that the historical charts for bitcoin. Over all the trend is still very much upward. I don't get into predictions but $1000 will probably seem small in a few years. 

[Chef Ramsay]

Seems to me the bulls are re-entering the market and the capitulation period is nearing an end. May be the calm before the next storm.

[abacus]

This thread would be best placed in Economics > Speculation.
You should be able to move it using the links at the bottom-left of your page.

PS: It is ROI, not RIO, and what you really mean is break-even.

[MrBea]

It will hit $1000 on October 5th at 2:37 PM EST (Coinbase price)

But I don't know what happens after that.....

[jonald_fyookball]

be happy that its keeping above $400 for now. remember, 3600 new coins
are mined daily, so people are buying that many and demand is meeting
supply.

Once the next big adoption wave hits (Wall Street), price will explode.

And the next wave after that will be mass adoption.

[lyth0s]

be happy that its keeping above $400 for now. remember, 3600 new coins
are mined daily, so people are buying that many and demand is meeting
supply.

Once the next big adoption wave hits (Wall Street), price will explode.

And the next wave after that will be mass adoption.

That's a great point. The 3600 coins mined per day are either being kept or bought in order to maintain the bitcoin price of about $440.

To the OP, I think bitcoin price will surpass $1000 again by July, 2014. Where did I get this number from? Here: http://www.geekcipher.com/technology/bitcoin-price-prediction-march-2014-through-july-2014/

If you always bought below the line with an R value of 0.0909 and always sold above the line, you would have made tons of fiat and if you rebought below lines, tons of more coins. Unfortunately you bought wayyy above the trend line and thus you have to wait in order to re-coup your money.

[DarkMiningBTC]

ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

[lyth0s]

ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

What I have learned from mining is this: Unless you run a super mega mining solution, you're almost always better of buying the bitcoins now and riding the growth. I do still buy a miner when I find that it can be:

1) Bought with bitcoins
2) Will make back more bitcoins than it cost (including the additional of electricity and PSU costs)

If you can find a miner that will do that, then go for it because you will continually make more coins irregardless of bitcoin price. But if if will mine LESS bitcoins that its current cost in coins, just buy the coins and hold.

[DarkMiningBTC]

ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

What I have learned from mining is this: Unless you run a super mega mining solution, you're almost always better of buying the bitcoins now and riding the growth. I do still buy a miner when I find that it can be:

1) Bought with bitcoins
2) Will make back more bitcoins than it cost (including the additional of electricity and PSU costs)

If you can find a miner that will do that, then go for it because you will continually make more coins irregardless of bitcoin price. But if if will mine LESS bitcoins that its current cost in coins, just buy the coins and hold.

Ya seems right, honestly these days mining's becoming pointless. After my miner breaks even I'll just stop. Though the thing with buying and holding is it can take months and months to make a little profit even if you put thousands in. Though I'll just invest from now on. ATM i am investing in doge and BTC.

[lyth0s]

ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

What I have learned from mining is this: Unless you run a super mega mining solution, you're almost always better of buying the bitcoins now and riding the growth. I do still buy a miner when I find that it can be:

1) Bought with bitcoins
2) Will make back more bitcoins than it cost (including the additional of electricity and PSU costs)

If you can find a miner that will do that, then go for it because you will continually make more coins irregardless of bitcoin price. But if if will mine LESS bitcoins that its current cost in coins, just buy the coins and hold.

Ya seems right, honestly these days mining's becoming pointless. After my miner breaks even I'll just stop. Though the thing with buying and holding is it can take months and months to make a little profit even if you put thousands in. Though I'll just invest from now on. ATM i am investing in doge and BTC.

Doge has really good marketing and I think that is a fair investment for a smaller part of a cryptocurrency portfolio (I like to play the market safe). I think bitcoin should be the biggest part of a portfolio. And I advise to also invest some in litecoin. The Litecoin/BTC ratio is rather stable IMO and in times of bitcoin surges the ratio goes up quite nicely for an improved return (trade the litecoins for bitcoin) then if/when btc price falls, less people want LTC and the LTC/BTC ratio drops, at which point you can rebuy LTC with your BTC and increase the total amount of coins you have.

[abacus]

I feel like I keep loosing. I bought some BFL 100 GH miners a few months ago, never got an RIO (became useless after 30 days), I built many scrypt miners, no RIO yet, bought a scrypt asic 5MH and a few days later price goes down 3x. Past few months invested $10,000 in BTC since it went to $400. I feel like MTGOX f'd up my life at this point. Will BTC ever hit $1000 again? Looks like it will NEVER go up again. Just my luck.

I don't think it's a question of your (bad) luck, but rather a lack of research and time spent trying to do the right moves.
I'm sorry to say that, but it's what I think.

On the good side, there is the fact that the downtrend seems has stopped now, and the rising is coming.
I think, like many other people, that BTC again at 1000$ can be considered a realistic scenario in the near/medium term.

ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

You are going to do the same errors.
Have you ever used an online mining calculator to have some hint about profitability?
For "only" $4K?
How are you sure that some RANDOM-altcoin will skyrocket?
Again, invest more time in research before you do your moves.

[DarkMiningBTC]

ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

What I have learned from mining is this: Unless you run a super mega mining solution, you're almost always better of buying the bitcoins now and riding the growth. I do still buy a miner when I find that it can be:

1) Bought with bitcoins
2) Will make back more bitcoins than it cost (including the additional of electricity and PSU costs)

If you can find a miner that will do that, then go for it because you will continually make more coins irregardless of bitcoin price. But if if will mine LESS bitcoins that its current cost in coins, just buy the coins and hold.

Ya seems right, honestly these days mining's becoming pointless. After my miner breaks even I'll just stop. Though the thing with buying and holding is it can take months and months to make a little profit even if you put thousands in. Though I'll just invest from now on. ATM i am investing in doge and BTC.

Doge has really good marketing and I think that is a fair investment for a smaller part of a cryptocurrency portfolio (I like to play the market safe). I think bitcoin should be the biggest part of a portfolio. And I advise to also invest some in litecoin. The Litecoin/BTC ratio is rather stable IMO and in times of bitcoin surges the ratio goes up quite nicely for an improved return (trade the litecoins for bitcoin) then if/when btc price falls, less people want LTC and the LTC/BTC ratio drops, at which point you can rebuy LTC with your BTC and increase the total amount of coins you have.

good to know! Will do, I was actually researching LTC for a while. Let's just hope my 5MH miner breaks even.

[600watt]

I feel like I keep loosing. I bought some BFL 100 GH miners a few months ago, never got an RIO (became useless after 30 days), I built many scrypt miners, no RIO yet, bought a scrypt asic 5MH and a few days later price goes down 3x. Past few months invested $10,000 in BTC since it went to $400. I feel like MTGOX f'd up my life at this point. Will BTC ever hit $1000 again? Looks like it will NEVER go up again. Just my luck.

sounds familiar-
when i started to get involved in bitcoin more seriously last spring it went like this: ordered bfl in early march, they delivered 8 months late. ordered avalon batch III group buy, they never delivered. ordered avalon chip group buy, they never delivered. invested big in btc directly (went all in) end of may and price dropped almost 40%...  last summer was sort of hard.
but then came....  november. you will have your november moment, don´t worry - be patient.

[TERA]

2015

[jantenner81]

2015

agreed

[600watt]

2015

sounds bullish 

[abacus]

2015

agreed

Nobody bets a satoshi on 2014?

[devphp]

Mining business is more serious and risky than just buying and holding coins. I wouldn't recommend to mine or trade coins, buy&hold strategy gives the best results in the long term for most people.

[Malin Keshar]

1 - if Chinese uncertainty about bans ends, even if it results in a total ban(necessary but not sufficient)

2 - New big players in the game, like billionaires investing on(not only in background, but publicly speaking about bitcoin) and big companies like amazon accepting btc.

3 - New and revolutionary tech developed from blockchain and bitcoin techs.

4 - by natural growing, dollar by dollar. Can take some years this way.

5 - If Gox all of sudden returns all money and coins to all clients. Maybe if someone buy them. Probably will not cause a 1000 price by itself, but can be the start of a rally.