Quote from: Rastadon on June 25, 2016, 06:32:49 PM

Quote from: uki on June 23, 2016, 11:20:04 PM

Quote from: Xapodat on June 23, 2016, 06:46:44 PM

It is difficulty to say. The bitcoin price is still very volatile. It is $540 at the moment. But I still think it will be $1000 in 12 months.

$1000 based on what? wishful thinking. Price won't just climb to $1k because we all want that. There must be a reason, at least some fundamentals to support. Bitcoin is in a quite different place, compared to where it was in the end of 2013. We already had the experience of climbing to $1200 based on pure speculation and we all know how it ended. History doesn't need to repeat, what's more it will take a lot of new money flowing into Bitcoin to get to $1k. Why and from where? I don't see it at the moment.

The price rise to the $1000 will depends on the mass adoption. We need the block size increase to help mass adoption.

The bitcoin will be used more when it takes less time to get the first confirmaiton. People will have good user experience.