Will bitcoin ever reach $1000 dollars again?

[lynn_402]

I dont think it will happen this year.

I don't think so either, considering that 3600 new Bitcoins are produced daily. The inflation is still too high to sustain, imho, a price over 600$. Especially since most of these coins are sold as soon as they are made by big mining farms.

[HarmonLi]

ever again? for sure. this year, it's a tossup. so many bagholders up there.

[lynn_402]

I dont think it will happen this year.

I don't think so either, considering that 3600 new Bitcoins are produced daily. The inflation is still too high to sustain, imho, a price over 600$. Especially since most of these coins are sold as soon as they are made by big mining farms.

probably in early 2015 or really late 2014..

1k mark is coming

I'd say it will be aroung the next block halving, which should be in August 2016.

[HarmonLi]

I dont think it will happen this year.

I don't think so either, considering that 3600 new Bitcoins are produced daily. The inflation is still too high to sustain, imho, a price over 600$. Especially since most of these coins are sold as soon as they are made by big mining farms.

probably in early 2015 or really late 2014..

1k mark is coming

I'd say it will be aroung the next block halving, which should be in August 2016.

i think the block halvings get priced in differently, over long periods of time, since everyone is aware of them. the early 2013 bubble occurring shortly after the last halving may have just been a coincidence.

[transient858]

Bitcoin predicted to reach $2000 this year.

http://www.telegraph.co.uk/finance/currency/10960012/Bitcoin-price-to-hit-2000-by-end-of-the-year.html

People making prediction all over the places. And there is no consequences of being wrong.

[BetMoose]

Bitcoin predicted to reach $2000 this year.

http://www.telegraph.co.uk/finance/currency/10960012/Bitcoin-price-to-hit-2000-by-end-of-the-year.html

People making prediction all over the places. And there is no consequences of being wrong.

Actually on our prediction market there is a consequence;

https://www.betmoose.com/bet/bitcoin-will-pass-1000-by-the-end-of-this-year-247

..and as you can see the consensus is about 50/50 hence all the discussion ITT.

[allsopfree]

BTC is in early phaze of spreading, which means that current price is normal for that stage, but in future, more people will be using BTC, so there will be price pumping also.

[the_K_man]

I read somewhere that the price of Btc at the end of the year could be $2000

[yunkie]

can it go to 10k? 

it can go a 100k

the time is questionable

it's going to take a long time to reach that goal

dozens of years..

talking about the 10k goal

http://www.telegraph.co.uk/finance/currency/10960012/Bitcoin-price-to-hit-2000-by-end-of-the-year.html

2k by the end of 14. How do you measure the curve to say 10k is 12 years?

[DiamondZ]

There is a great chance it will cross 1k soon but it won't be abrupt,It will rise slowly with daily Intervals.Abrupt Rise and Falls can damage the economy of Bitcoin.Bitcoin has lot more potential than now.

[Ninietz]

can it go to 10k? 

It will most probably go to 1k, 10k and beyond.
It is just a matter of time and acceptance.
Just be patient and buy as many BTC as you can.

[fractal02]

1K soon...

But 10K ?
Block halving will help for sure...

[Mobius7]

can it go to 10k? 

That question belong to another thread "Will bitcoin ever reach $10000" lol.
Btw, that thread exists already. https://bitcointalk.org/index.php?topic=362543.0;all

[Mobius7]

Block halving will help for sure...

From the past experience, it seems to me block halving has only a small effect on price.
Bitcoin block reward halved from 50 to 25 on Nov 28, 2012 (block 210000), and the price was pretty stable from Nov 12 to Jan 13...

[Marbit]

Block halving will help for sure...

From the past experience, it seems to me block halving has only a small effect on price.
Bitcoin block reward halved from 50 to 25 on Nov 28, 2012 (block 210000), and the price was pretty stable from Nov 12 to Jan 13...

It's hard to say when it gets "baked into" the price. I would think that the effect would be mitigated by the fact that the market knows it's coming. But at some point, supply dynamics really start to change, and less coins make their way to exchanges.

[boumalo]

Block halving will help for sure...

From the past experience, it seems to me block halving has only a small effect on price.
Bitcoin block reward halved from 50 to 25 on Nov 28, 2012 (block 210000), and the price was pretty stable from Nov 12 to Jan 13...

Block reward halving has a huge impact on price but sometimes the impact is before or a bit after the halve

Less coins coming to exchanges with more buyers push up prices

[bit popular]

Bitcoin is half way across to $1000.It could happen anytime suddenly.Keep watching.

[lynn_402]

The real question is when will it sustain a price of 1000$ and more?

Bubbles happen, but a scenario where Bitcoin is relatively stable at such a high value would be quite nice

[Mercator]

Its all about adoption - that seems may need a quantum leap - catalyzed by external events probably = another financial crisis.

Otherwise it will shoot up anyway - way past $1000 = or it goes to $0 - its a binary system

[lynn_402]

Its all about adoption - that seems may need a quantum leap - catalyzed by external events probably = another financial crisis.

Otherwise it will shoot up anyway - way past $1000 = or it goes to $0 - its a binary system

It would never go anywhere near 0. No matter what happens which makes speculators leave, even if it gets illegal, it will always fill a niche. Libertarians will still use it, and most people who want to buy things anonymously in the darknet.

And it's also working well at the current price of 600$. I think it's false to say that it's a binary system.