Is it possible that 1 BTC be worth $2,000 by the end of 2015?

[touhonoob]

i think it would be possible, more and more people are using BTC now then ever, a lot can happen till end of 2015, for good and bad.

1) More and more people using BTC DOES NOT help the price go up. The reason is as soon as you use the BTC, it is sold and converted into FIAT. None of the merchants want to hold BTC because of ridiculous price changes on a daily basis. The best hope for BTC price to go up is a slow and steady growth and MORE stability in the price.

Merchant selling causing price to go down is "largely a myth"
https://bitcointalk.org/index.php?topic=826203.0

[CoinTraders.club]

As with any other commodity, once the Demand for Bitcoin rises globally, the price of Bitcoins will increase accordingly.
When demand increases faster than supply expands, only then will the price of Bitcoins truly be able to soar.

Right now, people are trading Bitcoins and creating new Altcoins daily.
Money/Value is just being exchanged between the hands of our still small Crypto-coin community, at the moment. It has not recently expanded much outwards, into the rest of the world.

Bitcoins still face many stumbling blocks ahead of it, before it can gain worldwide adoption.
Many governments will try to suppress or legislate it, for their own benefit.
Realistically, it can take another 5 to 10 years... or more, before Bitcoins truly are in demand.

Most of the demand for Bitcoin at the moment, is from Traders, who are trying to make quick profits from this industry.
The technology and benefits of using Bitcoins, sadly doesn't have great demand, at the moment.

There is more interest from sellers of illegal goods, than there is from the general public.

In any case, I strongly believe that Bitcoins are very much worth investing in;
just don't expect to make and large profits from Bitcoins, any time soon.

[azguard]

Bitcoins still face many stumbling blocks ahead of it, before it can gain worldwide adoption.
Many governments will try to suppress or legislate it, for their own benefit.
Realistically, it can take another 5 to 10 years... or more, before Bitcoins truly are in demand.

It will take much more.
First all people need to know about not just btc but all cryptos.
Other is to know how to deposit or withdraw it so it will take much time.

[bajlox]

It seem again that price is going down.
Think we gonna celebrate if price goes over 500$ not 2000$ now.

If this keep going on price will be bellow 300$ in no time.
Hope this wont happen.

[kingaltcoins]

whatever the price ,in Bitcoin we trust! But I believe in $2,000 or more in 2015

[OrientA]

whatever the price ,in Bitcoin we trust! But I believe in $2,000 or more in 2015

Similar feeling.

[pissedoff]

If people can hold their coins then yes.

Wrong. Basic economics would tell you that.


Holding can be beneficial as long as others are still curculating Bitcoin otherwise Bitcoin because useless.

For a economy to thrive it needs three things:

Buying/investing
Trading/circulation
Selling

People need to invest into Bitcoin doesn't matter how small or how large although if people buy large amounts of Bitcoin it's only going to help the growth of Bitcoin.

Trading/circulation things need to be bought, sold and traded for Bitcoin otherwise whats the point of having a currency which can't actually buy anything?

Selling we need people to sell just so people can buy.

[OrientA]

Circulation is the key to the success of BTC.

[Dafar]

Circulation is the key to the success of BTC.

Nope. Shopping with bitcoin is not key

High price / high market cap = stability, and that is when corporations can use bitcoin. High $ global B2B remittances is key

[OrientA]

Circulation is the key to the success of BTC.

Nope. Shopping with bitcoin is not key

High price / high market cap = stability, and that is when corporations can use bitcoin. High $ global B2B remittances is key

That is a chicken-egg problem. Circulation makes BTC useful, leading to higher market cap, more corporation involvement, more usage.

[bitcoinbelieve]

I strongly believe that current price of $325 is not accurate. The price should climb around $800 by end of Nov. and continue to increase close to $1000 by end of this year.

[Dafar]

Circulation is the key to the success of BTC.

Nope. Shopping with bitcoin is not key

High price / high market cap = stability, and that is when corporations can use bitcoin. High $ global B2B remittances is key

That is a chicken-egg problem. Circulation makes BTC useful, leading to higher market cap, more corporation involvement, more usage.

True

[boraf]

I strongly believe that current price of $325 is not accurate. The price should climb around $800 by end of Nov. and continue to increase close to $1000 by end of this year.

Current price is always accurate. A price where both sellers and buyers agree on.

[OrientA]

I strongly believe that current price of $325 is not accurate. The price should climb around $800 by end of Nov. and continue to increase close to $1000 by end of this year.

The electricity  cost for mining is a little less than $100 at the moment. It is very profitable to mine and sell at £300.

[yraskk]

Probably, but there is probability that in 2015 there will be a new bubble, because in 2016 there will be the halving !

[ssmc2]

I strongly believe that current price of $325 is not accurate. The price should climb around $800 by end of Nov. and continue to increase close to $1000 by end of this year.

The electricity  cost for mining is a little less than $100 at the moment. It is very profitable to mine and sell at £300.

There are many more variables at play than just electricity when it comes to mining costs.

[Nextgen]

by the end of 2015 may be we see that price
but this year 2014 was worst for bitcoin
even 500$ seems hard for bitcoin this year

[gentlemand]

but this year 2014 was worst for bitcoin

2011 would've been a whole lot more alarming for anyone involved.

[freedomno1]

Anythings possible
If electricity cost can get there 
But speculation wise its anyones best guess where we go from here and how long it takes till the next significant upturn.
Foundations for now.

[bajlox]

Price seem to go up again a little.
Seem like that when christmas comes price might go to 500-600$ but 2k in next year hard.

But if somebody or someone have huge influence and bots price can go even higher.