Bitcoin price PLUS $1000 - Would Bitcoin then see world wide acceptance?

[TheGr33k]

When bitcoin will have a complete worldwide adoption the price won't be 1500$ but 150000$ or more.

and we will sit on beds of cash.

[Timetwister]

Watching the price of Bitcoin stay at $500 is pretty sad especially when you run a Bitcoin farm. So here is a question I would ask.

If everybody in the Bitcoin community including merchants, speculators, investors, miners and forum members decided to add $1000 to the value of Bitcoin so a Bitcoin price today would be more like $1500 USD instead of $500. Would that really be a bad thing if everybody agreed it was the right thing to do?

Miners would then make money, the back bone of the system.

Adoption would be higher as a base price of $1000 is always guaranteed.

Mining manufactures could continue to create better ASIC machines.

The public would start to see Bitcoin as something of real value, and know each coin is worth at least a $1000.

Maybe this is just something added for the next 5 or 10 years. Just as a way to keep it going so Bitcoin can continue to show the world what a really great technology it really has become.

Bitcoin price PLUS $1000, would that work???  

How do you "add" $1000 to its price? You won't achieve that unless you start spending many millions buying bitcoins.

The price will "naturally" increase as it becomes more used. It's just a matter of time, of more shops accepting it, of being more easy to use, etc.

[BitcoinBadger]

Watching the price of Bitcoin stay at $500 is pretty sad especially when you run a Bitcoin farm. So here is a question I would ask.

If everybody in the Bitcoin community including merchants, speculators, investors, miners and forum members decided to add $1000 to the value of Bitcoin so a Bitcoin price today would be more like $1500 USD instead of $500. Would that really be a bad thing if everybody agreed it was the right thing to do?

Miners would then make money, the back bone of the system.

Adoption would be higher as a base price of $1000 is always guaranteed.

Mining manufactures could continue to create better ASIC machines.

The public would start to see Bitcoin as something of real value, and know each coin is worth at least a $1000.

Maybe this is just something added for the next 5 or 10 years. Just as a way to keep it going so Bitcoin can continue to show the world what a really great technology it really has become.

Bitcoin price PLUS $1000, would that work???  

Increment in price doesn't mean people would accept it.Increment and more volatility in short period makes people not to trust in bitcoin

[Skrillex]

Once 1000 is broken again the brakes will be lost. It's just dumb uninformed people with their doubts thats keeping the price down.

[minerpumpkin]

Well it's the other way around actually. Bitcoin will only see a higher price if more and more people are buying it and using it, at least as a store of value. $1000 actually is still too low to assume a world-wide acceptance, we've crossed the $1000 mark before, after all! If it really was accepted world wide, we'd see at least $50k-$100k I guess. If not more!

[HomerS]

go, and buy some bitcoins, if it will do everyone, the price will go up
give all your money to bitcoin right now !

[WhatTheGox]

someone make him bitcoin ceo^

[dankkk]

Watching the price of Bitcoin stay at $500 is pretty sad especially when you run a Bitcoin farm. So here is a question I would ask.

If everybody in the Bitcoin community including merchants, speculators, investors, miners and forum members decided to add $1000 to the value of Bitcoin so a Bitcoin price today would be more like $1500 USD instead of $500. Would that really be a bad thing if everybody agreed it was the right thing to do?

Miners would then make money, the back bone of the system.

Adoption would be higher as a base price of $1000 is always guaranteed.

Mining manufactures could continue to create better ASIC machines.

The public would start to see Bitcoin as something of real value, and know each coin is worth at least a $1000.

Maybe this is just something added for the next 5 or 10 years. Just as a way to keep it going so Bitcoin can continue to show the world what a really great technology it really has become.

Bitcoin price PLUS $1000, would that work???  

This is really not how supply and demand works. As of now the market has decided that one bitcoin is worth ~$477, if everyone was willing to agree that one bitcoin would be worth $1,500 then it would already be trading at that level.

[Timetwister]

Well it's the other way around actually. Bitcoin will only see a higher price if more and more people are buying it and using it, at least as a store of value. $1000 actually is still too low to assume a world-wide acceptance, we've crossed the $1000 mark before, after all! If it really was accepted world wide, we'd see at least $50k-$100k I guess. If not more!

It depends on how much it's demanded. If it becomes something comparable to the USD, each bitcoin would have a purchasing power greater than 1 million of dollars nowadays. Just take into account the enormous amount of money in the financial markets.

[shogdite]

In theory the price shouldn't affect the adoptability of bitcoin, yeah it would be great if it reaches $1000 again any time soon but I think more focus should be put on building services and infrastructure to enable world wide adoption.

[blatchcorn]

In theory the price shouldn't affect the adoptability of bitcoin, yeah it would be great if it reaches $1000 again any time soon but I think more focus should be put on building services and infrastructure to enable world wide adoption.

In theory it shouldn't.  In reality, when the price is sky-rocketing the news reports it and the main-streamers want to buy in

[gonnafly]

I think you misunderstand how markets work.

[CokeCoin]

If you used the quality of discussion on this forum as a leading indicator of price movement, you'd liquidate everything after reading this post.

[GTA]

I think you misunderstand how markets work.

But what if we just plus $1000 to it?

[Summer,69]

I think you misunderstand how markets work.

But what if we just plus $1000 to it?

Don't be so short sighted. Add another $1,000 for good measure.

[Sindelar1938]

Probably closer to $5k is where the price would be stable enough to drive that kind of mass consumer and merchant adoption and importantly spending

[MoonTime]

I can see that probably BTCwill be accepted by lot of people considering its value. Now if it starts dropping to 300 then people will ignore it.

[Hasher99]

If bitcoin would sky rocket there would be much more investors and companies accepting bitcoins, even large companies like ebay.. So yes  Bigger prices would  effect ALOT bitcoin adoption.

[lovegood]

If you used the quality of discussion on this forum as a leading indicator of price movement, you'd liquidate everything after reading this post.

That is exactly what I think, and am about to do. I can no longer stand behind this, it's becoming more scam like everyday

[Robin_Good]

Okay, you start. Buy my bitcoins for $1500 USD.