Topic: will the bitcoin reach $1000 one day...? - page 92. (Read 112647 times)

Bitcoin reaching $1000 is one thing, the real question is "Which crypto-currency will be most popular 10 years from now".

More likely than not, it won't be bitcoin.

Well obviously you don't have enough knowledge about bitcoin, its market or possibilities. You probably don't know much about alts either.

Anyhow, the question is not WILL, it is WHEN will bitcoin reach 1000$ 

IMO there is no reason besides government incrimination that will slow down the coin. Look at the value of a dollar in 1970 vs today and you can see that the value of the bitcoin will at the least be 180 in 5 years. IMO one of the best ways to avoid inflation is to stick to a stable currency, I would say litecoin is more stable than bitcoin. It's hard to say for sure because these coins have only had "value" for about 1 year.

$1000 per bitcoin is very hard to reach. I don't think it is possible.

+1

we already had 240 dollars some month ago and it was not a big deal or big money in. so i bet it wont take 5 years to reach 1000 dollars. if the infrastructure would have been better at the high of 240 dollars, it would had even go to 300 or more.

with big swings in the price of course, we know that  

Use multipliers in stead of 1/100 for this.
increase of 1000 % is the same as 11 times

Im sure not tommorow. So between next week and infinity. Make a pick yourselves

Off by one error. Perhaps you mean 300% (i.e. 100% over 250$ = 500$)

i suspect $1000 will be reached in 2014

at least by 2015

Yes, within 2 years. Might crash and burn some time before that like it did before but it'll come back. By the way it's on its way to a new boom again now...

If you think about it: $1000 is *only* 400% higher then BTC's peak value.

...and we're dealing with a currency that's up, what? 1000% on the year? So, yes I think a $1k Bitcoin is not out of the question in the near future.

Everything is possible...even BTC/1000 USD.

I would like to agree with you, because when writing my thesis on Bitcoin i bought one BTC for 5$ just to know how the process works, and after about 12 months the value of currency was more than 200 dollars! Of cource there was a fall, but in my opinion, the value can both rise and drop very quickly, and this can happen in a very short period of time. So, one day it might be 1000$, and 1$ the other.

Well that's also an possibility, but I don't see it happening that soon.

When you read the comments in this thread you see that some people say "hmmm, maybe...", like in a couple of years or so. I'd say it can happen within the next 12 months (assuming there aren't any sudden obstacles due to regulation coming up), maybe even sooner.

We've seen this spring how fast things go when the trend turns parabolic -- doubling time scales from about a month (25-50), then 2 weeks (50-100), and at the end about a week (100-200). If the rise accelerates at the same pace as in Feb/Mar, we can 8-fold our current value of 130 (bitstamp) within about 2 months reaching 1000 by end of October.

I'm not saying that this will happen, and I'm not sure if I'd want this to happen, as the inevitable subsequent crash will cause a lot of blood to be shed -- mostly by inexperienced people. Anyway, I just wanted to show what another parabolic growth like in Feb-Apr would mean.

Anyway, it's hard for me to assess how likely this would be to happen anytime soon. But as I said, Bitcoin has the potential to grow far beyond $1000, and I think it can happen rather sooner than later.

one day?

is it for unlimited time?

then it is possible after 50 years.

Lets hope so.

I think that Bitcoin is on the fast track into a bright future.

The thing about Bitcoin is that its price will directly go up with the amount of money that is invested into it, because the number of Bitcoins is strictly limited and will grow only slowly from its current 11M to 21M. The more people invest, the more the Bitcoin economy grows, the more the price must go up.

So far the Bitcoin economy has been small. Remember the push up from 65 USD/BTC up to today's 145 USD/BTC? If you take a closer look at the buys that led to this rise, it was a couple of $10M that went into BTC - peanuts for big investors, but enough to shake the Bitcoin price big time. But big money is discovering more and more the benefits of Bitcoin, and for sure they want to get in once the market is big enough. Big enough means that it's easy to invest $100Ms and more.

I'm absolutely positive that a growth above 1000 and more is imminent once bigger players have sufficient confidence in the market, in the legal situation, and in the professionality of the exchanges (hello Mt.Gox!). Real economy around Bitcoin is just in its infancy, but it's building up. The more open-minded among financial investors are already seeing the potential, probably buying in slowly already, and it's just a matter of time as to when a point of steep rise is reached. But then things are bound to go up to dizzying new heights that seem unbelievable at the moment.

Well, who'd have thought on December 31st what would happen to Bitcoin this April?

Thanks for reading my 1st post

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Why would someone from a 3rd world use paypal? how would they use it and where?
Bitcoin on the other hand, can be used anywhere.
The more people adopt it, the more it will be valued at.

Why compare paypal to bitcoin? paypal only make sense to usa and europe. In most countries paypal cannot be use or its difficult to use and not convenient with their hobby of freezing funds and verification process. Not mentioning their high fees and the transaction can be charge back.