Post
Topic
Board Speculation
Re: 1 BTC = 1000$ in 2016
by
mrhelpful
on 01/03/2016, 23:32:42 UTC
$1000? Pshaw. Have you no ambition? If I thought Bitcoin would only go to $1000 this year I'd not even bother with it as an investment.

why? 1k is a good target this year, it will secure the mining reward against the halving

and it will lead us to surpass the last ath, next year it can increase again to 2k, or be very stable above 1k, either way it's a good achievement
$1k this year? Based on what? Halving alone won't get us there. We need more events on the fundamental side, e.g., agreement on the block size, that would help with the adoption and thus attract new money. Without that we can forget it.

$1k this year can get fullfilled in other ways lol.

All it takes is some random surge of buy orders to pump something up basically. But I get what your point for natural growth.. and for natural growth it takes prob many more years.