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TrianglePythagoras (OP)
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July 07, 2015, 01:55:38 PM |
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If a Grexit sparks a domino effect crisis in the EU it could spark off bank runs in many countries which could result in huge adoption of Bitcoin very quickly. When nobody can trust their own banks Bitcoin will suddenly be very attractive to shops, businesses, and customers. $1,000 is easily achievable if people start using it in shops more than bank cards.
Majority use of bitcoin will be online shopping, not daily shopping in supermarkets or cafe shops until the 0 confirmation problem is resolved. So far, I only used it in online shopping. That could change with off the chain transactions, If I remember correctly,Coinbase has something available for merchants. However that can lead to centralization which bitcoin is not. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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kaykawa
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July 07, 2015, 03:32:53 PM |
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Banks in Greece won't open this week... so it's a possibility.... but.. check the price... just pump&dumps.
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Herbert2020
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July 07, 2015, 03:59:12 PM |
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i think that only a small portion of the volume that came into bitcoin and caused the price jump were actually from Greece. the majority of that was from other investors that wanted to benefit from this news and started to push up the price.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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extrabyte
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July 07, 2015, 04:03:16 PM |
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It's definitely possible. There's continual growing interest. But, how long-lived that interest will be remains to be seen.
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Brewins
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July 08, 2015, 01:02:05 AM |
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Will, but not now...
Too much uncertainty
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jeffthebaker
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July 08, 2015, 01:09:37 AM |
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$1000 is inevitable. It's not a matter of if, but when. In my opinion, $1,000 will be achieved within some point I the next two years. I don't think we can expect Bitcoin to get anywhere near 1k by the end of the year.
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bornil267645
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July 08, 2015, 08:14:13 AM |
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I don't want it to go 1000 mark again. Because that would unsettle the market once again. Bitcoin market is trying really hard to set anchor at 300 mark so we better hope it does for the sake of the existence.
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BTCPOOLMINING
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July 08, 2015, 08:34:22 AM |
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Yes bitcoin will reach 1000$ price mark again in end of this year 2015 or start of year 2016, it may hit upto 2000$ when block rewards halves
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Amph
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July 08, 2015, 08:41:47 AM |
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a better question ould be, does bitcoin will fall back again to 200 or something after hit the 1k mark again for the second times?
reaching 1k shoild be easy, what it is hard it's always one thing, maintain the value
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stallion
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July 08, 2015, 09:18:56 AM |
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Bitcoins was marked to 1000$ because of the mtgox . Right now it's somewhere around 200$ I guess? The highest I've seen it is 330$ . Bitcoin can surely reach 1000$ in coming years. The target is achievable.
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TrianglePythagoras (OP)
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July 08, 2015, 05:33:23 PM |
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my earlier predictions were right. I did justify that we'd hover around 270.
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Eastwind
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July 10, 2015, 08:19:02 AM |
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Yes bitcoin will reach 1000$ price mark again in end of this year 2015 or start of year 2016, it may hit upto 2000$ when block rewards halves
I shall increase the year by 1 or 2. |
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bitsat alien
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July 11, 2015, 01:22:31 AM |
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certainly if bitcoin adoption continues to expand and more and more people start to realize bitcoin isn't going away and it wasnt just an insane speculative wonder , then yes it's very likely bitcoin will go back to $1000+
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ragi
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July 11, 2015, 08:09:28 AM |
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certainly if bitcoin adoption continues to expand and more and more people start to realize bitcoin isn't going away and it wasnt just an insane speculative wonder , then yes it's very likely bitcoin will go back to $1000+
And what exactly is expanding? I haven't seed anyone new starting to accept bitcoin. This is just a pupm from nothing. Or maybe we just got bored to dump... |
no.
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Amph
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July 11, 2015, 08:14:53 AM |
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certainly if bitcoin adoption continues to expand and more and more people start to realize bitcoin isn't going away and it wasnt just an insane speculative wonder , then yes it's very likely bitcoin will go back to $1000+
And what exactly is expanding? I haven't seed anyone new starting to accept bitcoin. This is just a pupm from nothing. Or maybe we just got bored to dump... there are many new stratup that are going to accept bitcoin and build stuff on the blockchain or take advantage of it, did you miss the nasdaq news, the news about that adult site that has now joined bitcoin, because visa and mastercard has cut their support? and many other |
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Xialla
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/dev/null
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July 11, 2015, 08:18:52 AM |
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question is imho not IF but WHEN:) and regarding when, I don't think, it will happen until upcoming halving scheduled for end of July 2016, so let's say you will have to wait for four digit number one year at least..
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electerium
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July 11, 2015, 08:21:16 AM |
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1000 is inevitable, it will reach it.
the real question is will 10,000 ever be attainable.
if yes, sky is literally the limit. if no, then you really have to wonder if bitcoin was too far ahead of its time.
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saturn643
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July 12, 2015, 04:03:22 PM |
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Nobody can give you an answer to this as it's all speculation, but I think it's likely to go above and beyond 1k eventually. It all depends on adoption so spread the word and get people talking and discussing bitcoin.
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jt byte
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July 12, 2015, 04:23:18 PM |
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Well? Will it?
So far I've a lot of doubt.
I would say almost certainly yes. Bitcoin has long term value and potential. |
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OmegaStarScream
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July 12, 2015, 04:38:28 PM |
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Yes , I start to be more optimist about this since I saw us finally reaching 300$ and it's still rising .
Let's hope that this will continue till 1000$ , I guess by the halving block next year , it will certainly reach 1000$ if not more
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