How much is it going to be this time ?

[Eriul_Pow]

 

[blatchcorn]

I am predicting $40k - a 100x increase is way overdue

[criptix]

point is, when we do reach last ath of ~1200$ everyone will turn bull.

to be honest if that happens we can reach 3000-5000 easily

[Eriul_Pow]

Let me drop an amount for posterity :

6500$

[coinableS]

If we break through the previous ATH, there's no telling how high this can go. The media would blow this up, but this time there is a foundation to work on. 80,000+ merchants, more apps, more understanding and places like circle making it super easy to buy in.

[bassclef]

If we break through the previous ATH, there's no telling how high this can go. The media would blow this up, but this time there is a foundation to work on. 80,000+ merchants, more apps, more understanding and places like circle making it super easy to buy in.

Precisely why growth has been logarithmic and not linear.

[piramida]

guys wait until the rally starts at least; you start drinking rocket fuel before we take off then we may never do

[Spaceman_Spiff]

guys wait until the rally starts at least; you start drinking rocket fuel before we take off then we may never do

I doubt we'll be taking off anytime soon.  Just a return to a higher level and stabilization there would be a healthy start.

[Blazin604]

yeah im thinking well stay at 450 500 until early November and we will hit 800 by early Dec

[culexevilman]

Sit back and enjoy the ride, this is Bitcoin.

[riiiiising]

This will be a mega rally, probably $100,000 or even more. Where are you now, fallling? Probably crying. 

[piramida]

This will be a mega rally, probably $100,000 or even more. Where are you now, fallling? Probably crying. 

are you sure you are not the same person with a split personality? spell "cut your losses" for me?

[navigator]

You guys do realize that mining is coupled with the price, right?

Difficulty always lags behind the price.
Mining profitability always trends towards barely profitable.

Just a rough estimate, if the current network was made up of all S3's, it would be valued at about $100million. I would consider us currently in the tad too profitable range. We should be at around $300 or even less. Since price is up, you can expect the difficulty to continue gradually rising. But it can't rise instantly overnight. Miners have to be built, bought, shipped, setup, and turned on. Let's say our current difficulty supports the current price of $400. If we saw an increase to $800, expect another $100mil in mining equip to be added. If price stays up and no new equipment is added, expect miners to start selling everything they make since mining would be too profitable. It's a rubber band effect that always leads to mining being barely profitable. There are too many variables to really go over them all. If price goes up, just remember we need a network to support it.

[BrewCrewFan]

This will be a mega rally, probably $100,000 or even more. Where are you now, fallling? Probably crying. 

are you sure you are not the same person with a split personality? spell "cut your losses" for me?

Sorry, but I had to lutz at this!

[Wilhelm]

You guys do realize that mining is coupled with the price, right?

Difficulty always lags behind the price.
Mining profitability always trends towards barely profitable.

Just a rough estimate, if the current network was made up of all S3's, it would be valued at about $100million. I would consider us currently in the tad too profitable range. We should be at around $300 or even less. Since price is up, you can expect the difficulty to continue gradually rising. But it can't rise instantly overnight. Miners have to be built, bought, shipped, setup, and turned on. Let's say our current difficulty supports the current price of $400. If we saw an increase to $800, expect another $100mil in mining equip to be added. If price stays up and no new equipment is added, expect miners to start selling everything they make since mining would be too profitable. It's a rubber band effect that always leads to mining being barely profitable. There are too many variables to really go over them all. If price goes up, just remember we need a network to support it.

True

Miners mostly sell directly to the market. If the price bubbles it means more people will attempt to make a profit through mining.
Miners will get pissed because they can't mine fast enough to feed the market. Cloudminers will be understocked.
The market will shoot up since nobody can supply the coins, only those willing to sell.
Price will go to an ATH before people realize the price is insane. Then we go back into a bear phase to blow off.

Price therefore can go to 5 digits if it wants too.

[Elwar]

At least wait until the price doubles once

[fewcoins]

Sit back and enjoy the ride, this is Bitcoin.

Very well said! look out for the price correction!!

[Omikifuse]

$666

Not above that

[gentlemand]

$666

Not above that

Dunno if I can take another $666 phase. Let's hope it's 665 instead.

[brg444]

You guys do realize that mining is coupled with the price, right?

Difficulty always lags behind the price.
Mining profitability always trends towards barely profitable.

Just a rough estimate, if the current network was made up of all S3's, it would be valued at about $100million. I would consider us currently in the tad too profitable range. We should be at around $300 or even less. Since price is up, you can expect the difficulty to continue gradually rising. But it can't rise instantly overnight. Miners have to be built, bought, shipped, setup, and turned on. Let's say our current difficulty supports the current price of $400. If we saw an increase to $800, expect another $100mil in mining equip to be added. If price stays up and no new equipment is added, expect miners to start selling everything they make since mining would be too profitable. It's a rubber band effect that always leads to mining being barely profitable. There are too many variables to really go over them all. If price goes up, just remember we need a network to support it.

True

Miners mostly sell directly to the market. If the price bubbles it means more people will attempt to make a profit through mining.
Miners will get pissed because they can't mine fast enough to feed the market. Cloudminers will be understocked.
The market will shoot up since nobody can supply the coins, only those willing to sell.
Price will go to an ATH before people realize the price is insane. Then we go back into a bear phase to blow off.

Price therefore can go to 5 digits if it wants too.

Even worse, if the price bubbles miners do not sell, creating much more scarcity in the market.

Right now an enormous amount of the demand is being satisfied off-market by miners. In a bull market, miners hold onto their coins for obvious reason therefore demand turns to exchange and price shoots up.