Post
Topic
Board Economics
Re: What Will it Take For BTC to Reach $1000?
by
Xester
on 29/01/2017, 09:08:15 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.

$2k may take some time but $1k is not a big deal as it already crossed $1k in the beginning of January and if it keeps on getting support from the people then it will surely cross $1k in next coming weeks as more and more people are showing their interest in bitcoins and are willing to invest their money into it.

A pump of ~80 USD can be done within a day so it is just needed for the pumpers to pump and it can be done within one day.

But if this will happen in January it is a question mark, but I think that if bitcoin gets pumped that would be in the February and I think people will invest more as they have less expenses (3 days less than January) and there is some rooms to invest in cryptocurrencies.

We do not know that everything in bitcoin can be possible since the jump $1k can be than in one day or few hours..
Just like before.. we have still 3 days to go to see if the price will stay at this level or it will jump above $1k,
Hoping that more people or investors will invest this coming february for new projects..

It is true indeed that for bitcoin to increase its price to reach One Thousand Dollars Each is through an increase of users or demand. For it to happen we need to promote bitcoin, without the community promoting bitcoin usage to the masses the demand will not increase and the price will not climb up  fast. Without any effort from the community we will just wait for the natural movement of bitcoin until it reaches finally to 1k$ but that will take longer.