Quote from: picolo on December 07, 2014, 05:31:15 AM

Quote from: sherbyspark on December 06, 2014, 11:57:26 PM

Quote from: picolo on December 06, 2014, 08:12:41 PM

Quote from: arbitrage001 on December 06, 2014, 11:13:06 AM

Quote from: kingcoin111 on September 03, 2014, 10:29:44 AM

Bitcoin is now what? $470? Is it possible that bitcoin will reach that kind of worth a year and half from now?

Anything is possible.

Is it likely? No.

I think it is likely that it will reach 2000$ before the end of 2015. To achieve this goal we need to have more new buyers than sellers. As the price goes up, miners have to sell less to pay for their electricity costs and want to hold to enjoy the rally which push the price even higher.

Well you can't say that miners won't sell. if the price goes up to 600$, they would insta sell. A lot of miners, aren't in it for holding, they are in it, just to make that profit they can .

Most miners are bullish on the BTC price but they will sell a lot of BTC to buy new equipment and the manufacturers will sell a lot of BTC to build their miners.

Selling BTC to build miners? you can buy all you want with BTC now to build something and pay your employed with too. just drop for tax or shit like that