Topic: will the bitcoin reach $1000 one day...? - page 108. (Read 112632 times)

There will come a day when BTC will reach this level (or close to it), however it's going to take far more mass adoption.  All that needs to occur is for a MAJOR e-commerce platform to start accepting BTC.   Doesn't have to be Amazon, but that would certainly do the trick.  Perhapes iTunes, although thats also highly unlikely.

Go home troll 

It will never reach 1000!
I predict the BTC will be replaced by LTC and XPM. 

indeed

It's done:

But I not like and not trust this and all crap exchangers... Just it's not a real price for me!

The real exchange (p2p, but idk if have bigger taxes, coz not use, too) is in BTCe and real price for me is $90 right now. Only I can't understand why suck traders can't fix this $10. What stop them to go and buy all BTC from btce($90) and sell it in mtgox($100) = $70 000 profit - how much taxes and etc? What I miss?

no way,its just too much

indeed ... when thinking of Linden Dollars or wow gold...

...without doubt.

With these speculations it would be good to see where they are based on.

Even thou it's virtual currency value doesn't just come out of nowhere. What would be the reason for people to use Bitcoin rather than any other available currencies? If there's no other than ideological reasons, it won't ever be any major currency. If you didn't notice, hippies didn't inherit the world (phew). Also it would have to be accepted by governments to make it legal taxable currency while loosing it's anonymity. And why would any government accept any capital that could replace it's native currency?

As you can see, I'm rather pessimistic about the growth as there's many obstacles to conquer. Thing is, so far it's being looked past fingers except for couple incidents. If there's too much growth, it cannot be this hobbyist monopoly money any more.

Basically, the reasons to differentiate Bitcoin to available currencies is the key to success. But for that.. it cannot be based on anonymity.. It have to be available as paper money.. get easily at ATMs.. be stable enough to pay things due tomorrow for value not to drop 50% overnight.. not owned by 1% of the population before it's even adapted/accepted more widely..

What I'm trying to say with all this, money is money. What was very ideological at the beginning, if it's need (or already has) to turn something we already have do we really need to have it?

Anyways, interested to see what happens as well as the rest of you. Hope good fortune for Hippiecoin. 

And yeah, electric company just reminded me Bitcoin doesn't come cheap.

it's amazing for a virtual money!

If bitcoin will continue to be successful, it's bound to hit $1000 when USD and EUR begin to show more problems.

Yes, when all bitcoins have been mined. It's absolutely logical that the price fell, because ASICs reached the market. lol
When mining gets more difficult, the value will rise again.

almost done

The value of bitcoin is set by its' utility, same as gold or corn.  What bitcoin allows is quick, quasi-anonymous, payments across the globe.

Assume that it costs $2 to mine a bitcoin and a current price of $100.  The market is saying that the value of these quick payments is $98.  Now if you are looking at bitcoin as an investment opportunity because you think limited supply means increased demand I'm afraid a digitized commodity that can be divided into smaller and smaller portions won't succumb to a parabolic rises again until the previous "bubble" high is taken out and held.

To speculate on BTC price past the next seismic event is inappropriate, thus 'one day' would have to be a point somewhere within the three years..

A ten-bag increase for Bitcoin - 100 to 1000 dollars - is certainly 'feasible', but highly unlikely.

-Johnny
www.americandatafarms.com

I think it probably will be.

I saw an interview with Jeffrey Tucker once, in which he said that if only one tenth of one percent of the gross value of the United States was traded in bitcoin, the value of a single bitcoin would be over $900 USD.

That's what finally compelled me to think that bitcoin has a lot of potential.

Yes, "the bitcoin" will easily reach $1000 one day.  I followed the gold markets from the early 2000's to today, watching it go from ~$200 up to almost $2000 back down to $1300 today.  I strongly believe bitcoin will follow a similar trajectory, only faster.  I see $1000 bitcoins no less than 2 years from now.

There will be solution for micro transaction like this rather than going into the bitcoin blockchain, like using bitcoin to buy prepaid card etc. I can imagine the transaction fee is set to something high to prevent dust. No, bitcoin won't be the world currency that can live on its own, and has the market cap of all the existing currency combined.

$100? No. Never again 

Next year