Topic: will the bitcoin reach $1000 one day...? - page 20. (Read 112650 times)

yes in April its again pick its in good price currently mostly speculations giving too bad time

Does anyone think the bitcoin price will go up again soon? Recently the prices have really taken a dive.

that might be true but with all the inflation will a million dollars be able to buy a good car?

which car is available in this price because its too much for a car

Not if 1,000,000$ only buy a nice car because of all the inflation 

I don't no about others but if your predictions for  2014 and 2015 came true then I will be very rich man 

Hope Bitcoin will break the wall of 2000 USD in 2015 - for sure this could be possible  

^Good one. Made me laugh. And we'll STILL be waiting on BFL to ship...  lol

Where did you get this prediction lol? 

2014, 2015 may be true, but i wish you are true

Then he touched their eyes, saying, According to your faith, be it done unto you. ;-)

In the year 2014, 1 Bitcoin will be worth approximately $1,455.
In the year 2015, 1 Bitcoin will be worth approximately $5,862.
In the year 2016, 1 Bitcoin will be worth approximately $12,652.
In the year 2017, 1 Bitcoin will be worth approximately $28,328.
In the year 2018, 1 Bitcoin will be worth approximately $56,812.
In the year 2019, 1 Bitcoin will be worth approximately $413,067.
In the year 2020, 1 Bitcoin will be worth approximately $1,000,000.
...
In the year 2035, 1 Bitcoin will be worth approximately $1,000,000,000.

This prediction market bet does not function like a regular bet.

It's actually a derivative in disguise. Betting "No" acts as an insurance policy against Bitcoin not reaching $10,000. Depending on how much of your total holdings you bet on no, this could actually operate like a put option.

As such the distribution of the bets does not necessarily correspond to the actual beliefs of the betters.

There is no doubt BTC will continue to skyrocket, the time frame is always the hard part and also the conflicting factors. On the one hand we only had great media coverage in the last three months with more and more  normal, non-geek types buying some, but we also have technical issues like the blockchain taking FOREVER to download and the wallet really not being friendly for upgrades. Most computer users HAVE NO CLUE how to work with files and it's too complex for them. Now we have a person or group screwing with the transactions to add confusion. But, I think it will keep rising just due to the awesome trend graphs being made known and the fact that more and more online companies are accepting it. Read that Brazzers is accepting it now to add to amagimetals, overstock, tigerdirect, etc.  Coinbase really helps too, but the incidents of taking money out of people's account when they should not, do not help. Also, fiat currencies are destined to lose value and that will help crypto, BUT if we go back on the gold standard, as rumored, that will hurt us as the USD will again become "real". Who knows, it's all an educated guess crapshoot.  lol

I like this its good bet for btc because I am also expecting this in end of march

Ok, I'll play - 2nd half of April for the next $1000 mark based of many factors.

I'm seeing infrastructure and support among merchants broaden.  In addition to overstock.com, I'm seeing places that run remittance services taking it up, I'm seeing it at 7-11's in Mexico, I'm seeing bitcoin ATM's popping up in places, I'm seeing legislative actions that specifically declare it to be 'a legal form of money' in California, etc. 

Crucially, I saw overstock.com's financial filings where they credit bitcoin transactions with saving them over a million dollars in credit card processing fees.  Other merchants are going to notice that, and they're going to follow where the money leads.

Right now the price hasn't yet reflected the good news because we're still dealing with bad news; Gox and the tx malleability scare.  But the bad news is all just one-week news, and the good news is all infrastructure and other progress that will continue to do the value proposition good for years. 

So, I'm reading the next week or maybe two as my buying opportunity; as soon as we go for a month or two without new bad news, I expect the good news will get noticed, and the new higher rate of use and acceptance to drive the price higher.  Momentum will take it briefly over $1500, with a drop back to around $1250 or so as the buying surge halts.

Of course I could be wrong.  So could anybody. 

Bitcoin will probably trade in a fairly narrow zone between $500 and $800 for a few months and then inch upwards in the fall, most likely breaking $1000+ by yearend 2014 again.

Possible explanations :

-A human error
-"the plausible explanation is that a bunch of long positions were forcefully liquidated during a margin call. this caused ridiculous market orders to be executed." Additionally, the total market depth on those two platforms is not spectacular, so "only" about 8000 coins were needed for these two spikes."(Appetersson)
-Conspiracy theory to weaker Bitcoin
-A big sell order to activate automatic limit losses and profit from it

How did you calculate that?