Post
Topic
Board Economics
Re: What Will it Take For BTC to Reach $1000?
by
arallmuus
on 19/06/2015, 06:38:29 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

Well the guaranteed facts about the halving is that the inflationary phase of BTC gets way closer than it is now, less inflation supply in circulation should give us a higher price if all indicators of interest keep going up.

Theoretically if there is less supply in circulation that will means that the price would be higher however if there is less demand, then the less supply will be an abundant supply which is not a parameter that the price will be increasing or worst case that the price may be lower.
Even with the current Supply in circulation the price could be higher if there is a demand for it however as we see it, there isnt any huge demands for it , so I would say that halving isnt a guarantee for the price to increase but rather more demands on BTC will be helping the price to increase