Post
Topic
Board Economics
Re: What Will it Take For BTC to Reach $1000?
by
deadpoolx
on 28/01/2017, 18:55:07 UTC
I doubt it will reach this high. It will be just too much.
Hahah. Now we see such predictions were wrong, because bitcoin reached $1000 and I think nothing special happened which could help it do so (like it was the previous time as people say). It just means more people became aware of bitcoin and more people started believing in it. What will it take for btc to reach $2k is a question now.
If there had not been so much FUD we would probably still be in the $ 1000 range, but it would be difficult to stay stable at such levels, since the price had gone up at a very fast rate. I think that now that the price has risen more gradually it will be more difficult for such sharp falls to happen again, at least not to the eight hundred dollars range, I suppose.