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

[freedomno1]

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.

[JessicaSe]

i m sure it will reach but only after next block reward halving, we can't expect a big pump before halving

[DonQuijote]

Yes, but not this year

[Undermood]

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.

[Amph]

Yes, but not this year

why?, any reason?

it could reach 1k tomorrow, for what we know, too far stretched but you get the idea

[sAt0sHiFanClub]

it could reach 1k tomorrow, for what we know, too far stretched but you get the idea

I think if you understand the market correctly you can safely say "It will not reach $1000 on March 2nd, 2015"

Bitcoin is about bitcoin being accepted and used by a greater number of people, in a wider range of circumstances.

It can only achieve this when it attains some sort of reasonable price stability ( wherever that may be)

As long as Bitcoin remains the focus of speculators and 'to da moon' merchants', its future will be uncertain.

[polynesia]

Yes, but not this year

why?, any reason?

it could reach 1k tomorrow, for what we know, too far stretched but you get the idea

I would presume the next bull run will start in anticipation of the block reward halving.
It might start towards the end of this year, but 1K this year looks optimistic.

[pooya87]

i think it will reach the $1000 mark again but not so soon though. i think it is going to take at least one more year to reach this price height and it is going to get there gradually.

[ThatDGuy]

i think it will reach the $1000 mark again but not so soon though. i think it is going to take at least one more year to reach this price height and it is going to get there gradually.

Given BTC's history of multiple violent speculative bubbles that drove price upwards in very short periods of time, I have plenty of doubt that getting to $1k again will be a gradual affair.

There may be a long, gradual period of steady gains while the market shakes off the bearish sentiment that lasted over a year - but once that is gone, it's time to buckle up because the same folks that knew there was money to be made by dumping in a bear market also know that pumping brings returns in a bull market - and you get the best returns by getting in early.

[Razick]

I was sure of it last summer but have been getting discouraged over the past few months. The bear market has lasted much longer than expected. That being said, I think it might finally be ending so I'm cautiously optimistic.

[gentlemand]

Given BTC's history of multiple violent speculative bubbles that drove price upwards in very short periods of time, I have plenty of doubt that getting to $1k again will be a gradual affair.

There may be a long, gradual period of steady gains while the market shakes off the bearish sentiment that lasted over a year - but once that is gone, it's time to buckle up because the same folks that knew there was money to be made by dumping in a bear market also know that pumping brings returns in a bull market - and you get the best returns by getting in early.

But it's a very different market apparatus compared to previous times when the price was exploding. I don't think there's any way of knowing what it would be like if it were to happen again.

[ThatDGuy]

Given BTC's history of multiple violent speculative bubbles that drove price upwards in very short periods of time, I have plenty of doubt that getting to $1k again will be a gradual affair.

There may be a long, gradual period of steady gains while the market shakes off the bearish sentiment that lasted over a year - but once that is gone, it's time to buckle up because the same folks that knew there was money to be made by dumping in a bear market also know that pumping brings returns in a bull market - and you get the best returns by getting in early.

But it's a very different market apparatus compared to previous times when the price was exploding. I don't think there's any way of knowing what it would be like if it were to happen again.

Agreed that it's different, but there's also a lot higher exposure a year and a half after the last big bubble than last time.  I don't think it's a guarantee, but I would think the chance of pumps and FOMO in a highly speculative space like BTC's would make violent upswings very likely compared to slow and steady growth to 1k.

[thejaytiesto]

THere will be a long time of sub 1K before we see ATH again. Everyone one year ago was claiming 2K by January 2015... so calm the fuck down and enjoy the slow ride.

[dsly]

I doubt we will be seeing 1000$ anytime soon. We might reach 500, but 1000 is pretty far away for the bitcoin to reach in the next few months.
There is no news that would cause it to rise to that much.

[Robert Paulson]

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

[sgbett]

I never knew bitcoins were ever worth $1000 as now the price is just $245 and the highest rate I have seen was $300. If it was worth that amount, then it has suffered indeed a huge loss over these years.

THE MOAR YOU KNOW!

They have also been $1,$30,$3,$260,$80,$1200,$160 "over these years" but I suspect you know that.

[Razick]

I never knew bitcoins were ever worth $1000 as now the price is just $245 and the highest rate I have seen was $300. If it was worth that amount, then it has suffered indeed a huge loss over these years.

THE MOAR YOU KNOW!

They have also been $1,$30,$3,$260,$80,$1200,$160 "over these years" but I suspect you know that.

I remember being shocked at how expensive Bitcoin was when I first learned about it: $5.

[HarmonLi]

And once again we're right on track to our preliminary goal of a $1000 Bitcoin. I think once we've achieved levels of the previous ATH around $1200, we'll go up a lot more. Maybe only to $3500 or so for the time being, but there'll be still plenty room to grow!

[mlferro]

Surely this is what we are all wanting. It is difficult, but we will get there.

[Bralex]

When we have some greedy exchange or mega whales want to pump it up to around that price, we will see around $1000 but it will take a long long time if we are waiting for user adoption to take us there..

Who knows though the future is a crazy thing and if we knew it for sure we would be extremely rich and probably not spend any time on here for starters which would be pretty cool to be fair