Quote from: Harlot on February 05, 2017, 09:31:36 AM

Quote from: killyou73 on February 05, 2017, 02:59:14 AM

Quote from: David19 on May 07, 2015, 08:49:34 AM

What Will it Take For BTC to Reach $1000?

Let's discuss.

The better question is what will it take for BTC to maintain a stable and constant price that grows at a moderate rate, say 8% per year.

Or

What would happen if a bitcoin early adapter whale comes along, and sells off 1,000,000 bitcoins. Obviously exchanges put limits of buying/selling to prevent this. But if it happened is there enough interest in bitcoin for the price to not plummet and only decrease slightly

To have it become stable at its price, people or users must accept the demand and not always go on panic selling mode every time Bitcoin hovers 1000$ people should always go with the flow and don't think negative and then sell of. Also to add what you have said about the 1,000,000 BTC sell. People will clearly see that it is only one seller and know one will accept it at that price point it will just be a massive barrier in that price point.

i think people are now becoming more mature and they are not even selling their bitcoin at panic selling. in previous we have a good example when the price of bitcoin dropped from 1150 $ to a low level of 750 $ and there the market find a good support actually people were not welling to continue selling bitcoin any more and after that the market recover its position very soon.