Post
Topic
Board Economics
Re: What Will it Take For BTC to Reach $1000?
by
arallmuus
on 18/06/2015, 18:46:25 UTC
Dont get yourself under delusion that the next bubble will be at $2000 and after that the price would be stabilized at $1200. It is 2015 and people are not stupid to fall into another bubble anymore because the peak of 2013 has burned alot of people.
Also that a bubble is not answer if you are seeking for $1000 price and it is called bubble for a reason. If people are seeking for BTC to reach $1000 then there will be no easy way to do it because only mass adoption could be the reason for it to happen and it wont be in such a short time

because after a couple halvings the price is better 1000+ or else the mining will not be profitable for anyone.

Another Delusion I would say, it is not clear yet wether the next halving will be actually give a significant effect for the price . I would say that with the next halving then high chance that miners wouldnt be profittable anymore. With the current miners it wont be profittable but you could be sure that until next year there will be ton of newer miner with more efficiency

If your reasoning behind that the next halving will bring a higher price is because that miners probably wont be dumping anymore because it isnt profittable then I would say that you are not aware of the other factor besides miners' dump . Low price isnt really caused by miner dumping but on several occasion it is being manipulated

better to not go over board with the excitement

People need to know that everytime we reach a new higher stepstone, there will be alot of traders trying to get a profit from it. So expect a dump each time we reach a new higher price

will be reached once again is just a matter of when

Rather that it will be a question on how will it reach 1k again