Do you think bitcoin will reach it's $1000 mark again?

[TrianglePythagoras]

Well? Will it?

So far I've a lot of doubt.

Eventually once there are enough connections built foundations and linkages take a while to develop
Example scenario
Stripe/Square + NFC + Mobile Banking leading towards distributed platforms and increased usage

Basically on the go simple to use and easy to acquire coins from any location is the end goal and different groups worldwide are still taking steps towards making it simple just need to check the press section over a month to see all the different projects going on.
That said it takes time to build those relations, regulations and all.

Kind of wish they used them on parking meters someday mobile swipe and walk away but for now at least I'll know my whisky is legit with NFC and  Bitcoin could be processed with a watch not presently but looking at the idea an Android app could fix that someday in the near future as an add on, as always there are interesting applications just need someone to do them.

Theoretical
https://gigaom.com/2015/02/25/behold-the-nfc-enabled-smart-whisky-bottle/
http://www.androidcentral.com/lgs-watch-urbane-nabs-lte-connectivity-and-nfc-based-payments

Current
http://www.wired.com/2015/02/bitcoin-comes-influential-payments-startup-stripe/
Squares
https://www.youtube.com/watch?v=JrYjXLPXYik

Future applications for Bitcoin (Mobile Banking)
http://www.gatesnotes.com/2015-annual-letter?lang=en&page=3

Just to list a few examples
(Slowly getting prettier lol)

--
In the next 15 years, digital banking will give the poor more control over their assets and help them transform their lives.
The key to this will be mobile phones. Already, in the developing countries with the right regulatory framework, people are storing money digitally on their phones and using their phones to make purchases, as if they were debit cards. By 2030, 2 billion people who don't have a bank account today will be storing money and making payment with their phones. And by then, mobile money providers will be offering the full range of financial services, from interest-bearing savings accounts to credit to insurance.

Traditional banks cannot afford to serve the poor because of their costs. That's why 2.5 billion adults don't currently have a bank account. In villages where people borrow or save in tiny denominations, building and maintaining a bank branch just doesn't make sense. And when most people think about financial services specifically for the poor, they think of microcredit, such as small loans to businesswomen in poor countries. Indeed, small loans have helped millions of people, but loans are only one of the financial services the poor need, interest rates are relatively high, and these services have reached only a small fraction of the poorest.

The companies pioneering mobile banking find it profitable to serve the poor because the marginal cost of processing a digital transaction is near zero. And because so many people in developing countries have mobile phones — more than 70 percent of adults in many countries are subscribers now — the volume of transactions can be very high. By making small commissions on millions and millions of transactions, mobile money providers can make a profit serving poor customers, just as brick-and-mortar banks do serving the wealthy. Once these services get going, then there will be competitive innovation in offerings like special savings or credit plans related to farming or education.

Thank you for taking time to write and post that. Good share of opinion.

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[TrianglePythagoras]

Yes, but not this year

We might just get a pump towards the end of the year. Never know.

[TrianglePythagoras]

I think so. We need one economic crisis in which most of the fiat currencies go into deep inflation. Ppl start to realise the intrinsic value of the anti inflation as fiat. Ppl flock to buy up bitcoin.

The chances of that is too slim.Well for at least now.

[redsn0w]

I think the bitcoin will reach > 1000 dollars after the next block reward halving, but I'm not sure at 100% (Maybe we should wait until the block reward will be less than 1 bitcoin).

[TrianglePythagoras]

the market is so thin that a single guy with 10 million usd can take it to 1000 in a heartbeat

Let's just hope he's going to buy in.

[TrianglePythagoras]

I think the bitcoin will reach > 1000 dollars after the next block reward halving, but I'm not sure at 100% (Maybe we should wait until the block reward will be less than 1 bitcoin).

I don't think we'll be alive when the reward is <1btc

[redsn0w]

I think the bitcoin will reach > 1000 dollars after the next block reward halving, but I'm not sure at 100% (Maybe we should wait until the block reward will be less than 1 bitcoin).

I don't think we'll be alive when the reward is <1btc

The block reward will be less then  one bitcoin in the ~2032 : https://en.bitcoin.it/wiki/Controlled_supply#Projected_Bitcoins_Long_Term

[gentlemand]

I think the bitcoin will reach > 1000 dollars after the next block reward halving, but I'm not sure at 100% (Maybe we should wait until the block reward will be less than 1 bitcoin).

I don't think we'll be alive when the reward is <1btc

The block reward will be less then  one bitcoin in the ~2032 : https://en.bitcoin.it/wiki/Controlled_supply#Projected_Bitcoins_Long_Term

And some of us are getting on a bit already. My ticker will probably have exploded like a hand grenade by then, but I'll watch it from my brain in a jar hopefully.

[Chef Ramsay]

I love all these cautious/pessimistic calls for $1000 coins only after the halving happens. Pricing will be way more than that by then. Too much good news and the ease of acquisition for institutional investors going on between now and when COIN/Gemini comes out for many multipliers of higher pricing not to happen by then and then some.

[MAsterV]

Well? Will it?

So far I've a lot of doubt.

It will reach the $1000 mark, but when is the question!!

It might take over a year or even more, but it will reach it's $1000 mark again..

[cramved]

When difficulty or block value make it less profitable than yes.

[crazyearner]

Well? Will it?

So far I've a lot of doubt.

Well in time but not right now too many people holding the price downland too many people panic sell but it is generality going on he up trend a little however needs a lot of work on it to get past the 1k figure and keep it above that. Will need a lot more people using it along with a much higher demand for BTC. right now all a  lot of people want is a quick RIO or quick $ to make on BTC and sell it and prices go down. If they continue to go down more ill buy more back up and sell much later on when ma retired on my BTC island somewhere. Only one can dream of such things but would be nice to see BTC at 1k again.

[TrailingComet]

Hmm, I was one of the guys who felt we may only get to $1000 by year end, now wondering if we are due a bit of a bull run before that

[redsn0w]

I love all these cautious/pessimistic calls for $1000 coins only after the halving happens. Pricing will be way more than that by then. Too much good news and the ease of acquisition for institutional investors going on between now and when COIN/Gemini comes out for many multipliers of higher pricing not to happen by then and then some.

It is only an opinion. Maybe the price will not raise after the next block reward halving, but if is rational | less bitcoin , same demand = rise of the bitcoin price | or maybe my supposition is wrong?

[Shiver]

I think it will go north of $1K in the next year or two, and if/when it does I think it'll sail straight past it to $2.5K - 3.5K or perhaps much more.  The alternative is it becomes an irrelevant 'also ran' of questionable value of any kind.

I don't see success happening because of mainstream adoption as a currency in the west though, I think that's wishful thinking, as it's a crappy everyday currency compared to pocket paper currency.  Things that could push it up though are more likely KimDotCom type followers, ETF's, and the 'Unbanked'.

For my own position (being a westerner in the east), I move countries once in a while, and am constantly wondering where I can store portable wealth.  In Thailand the banks have insurance for 50,000,000 baht (USD$1= ~32 baht), but in August next year that will reduce to 25,000,000baht, and one year after that 1,000,000 baht (that's only about $31K insurance per bank account no matter how many gazillion USD equival you have stored there, never mind all the hassle of proving where you got it from in order to remove it from that country - they don't seem to mind if it's incoming money, they just don't like letting go of it).  It's not much better in the west either.  

That means that I have the conundrum of looking for ROI on my network building/supporting efforts, but in later days I'll be looking to carry any wealth I might have with me without having border issues, and that's where a non national currency based store of wealth is very interesting to me - I'd take a hit on the national currency value to reclaim that freedom.

So "Portable wealth storage" would be my selling point to see it go up, though that may be of no interest at all to the majority.

[irfan_pak10]

Hmm, I was one of the guys who felt we may only get to $1000 by year end, now wondering if we are due a bit of a bull run before that

Yeah it will raise again. I think nd im sure it will reach 1000$ above in next year.

[Amph]

When difficulty or block value make it less profitable than yes.

i'm still thinking that it will reach 1k, much early than the block value, like happened with doge or other alt-coin

[okthen]

I think it will go north of $1K in the next year or two, and if/when it does I think it'll sail straight past it to $2.5K - 3.5K or perhaps much more.  The alternative is it becomes an irrelevant 'also ran' of questionable value of any kind.

I don't see success happening because of mainstream adoption as a currency in the west though, I think that's wishful thinking, as it's a crappy everyday currency compared to pocket paper currency.  Things that could push it up though are more likely KimDotCom type followers, ETF's, and the 'Unbanked'.

For my own position (being a westerner in the east), I move countries once in a while, and am constantly wondering where I can store portable wealth.  In Thailand the banks have insurance for 50,000,000 baht (USD$1= ~32 baht), but in August next year that will reduce to 25,000,000baht, and one year after that 1,000,000 baht (that's only about $31K insurance per bank account no matter how many gazillion USD equival you have stored there, never mind all the hassle of proving where you got it from in order to remove it from that country - they don't seem to mind if it's incoming money, they just don't like letting go of it).  It's not much better in the west either.  

That means that I have the conundrum of looking for ROI on my network building/supporting efforts, but in later days I'll be looking to carry any wealth I might have with me without having border issues, and that's where a non national currency based store of wealth is very interesting to me - I'd take a hit on the national currency value to reclaim that freedom.

So "Portable wealth storage" would be my selling point to see it go up, though that may be of no interest at all to the majority.

That's quite a high insurance rate they have over there, in the EU they only insure your first 100000 euro.

[resya]

The way I see it, we are still in a long term bear market.. until proved otherwise. I will just try and buy the dips and sell the tops in the meantime

[cramved]

When difficulty or block value make it less profitable than yes.

i'm still thinking that it will reach 1k, much early than the block value, like happened with doge or other alt-coin

I don't think that you can you alt coins to predict the the future price of bitcoin. This is  because very few of them have lasted. The reason for this is because they are made so the creator could make money not as a passion project or an idea.