Post
Topic
Board Speculation
Re: When do we cross the 1000 USD barrier?
by
uki
on 26/11/2016, 19:28:48 UTC
The train is leaving the station. Even though it is a bumpy track, we are accelerating!

The big question is: when to cross the magic 1000 USD barrier?

My guess: 3rd of December 2016



I don't think that bitcoin price will be at $1,000 next week, we are far away from this target and I doubt it will happen even this year.

Maybe next year we will reach $1k but it is too early. I hope the bitcoin price will be four digits next summer or autumn.
There are a lot of big IFs in my opinion. On one side we need much more than this year in terms of development and especially adoption. On the other hand, it is theoretically possible to reach $1k based on the thin air pumps exclusively, but to put it in the right perspective: having such a positive setup as this year halving we only managed to reach $800. To pump it to $1k you wouldn't much more. And I really mean massively more. Is that possible? I doubt it.