Ninjastic
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Re: Do you really think bitcoin price will pump to 1000 dollars after....
by
WhatTheGox
on 16/05/2015, 11:58:55 UTC
Quote from: redsn0w on May 16, 2015, 11:27:56 AM
Quote from: WhatTheGox on May 16, 2015, 11:12:08 AM
Quote from: redsn0w on May 16, 2015, 11:02:17 AM
Continuation of the thread title:

... the next block reward halving? from 25 BTC to 12.5 BTC.


Or a modified question:

Do you really think the bitcoin price (not value) will jump again to 1000 dollars (without any manipulation)? and will you buy 1 bitcoin for 1000 USD?

Yes it will happen unless something else which is the same comes along and takes it place.  Whatever that is will have to be decentralized though else the current bitcoin community will stick with bitcoin.  The community and smart minds who support bitcoin keep bitcoin coming back stronger.

Also $1k isnt very high, some clever people think way higher....https://www.youtube.com/watch?v=AvevkBg6ZU4

Wait if bitcoin will be mainstream (so used by a lot of person) I think the price wil go down, because a lot of people will start to use and keep always bitcoin instead to convert it for FIAT currencies...




If it goes mainstream and people are converting in and out of bitcoin to fiat all day long the market cap will have to be huge to take the transactions.  Way above $10k even is whats been suggested before.  Make sure you hodling some long long term.