Bitcoin Forum

What do you guys think? I don't think it is far fetched. But instead of making me happy, it worries me.
The problem is that such an acceleration will make people hoard bitcoins instead of using them.
I would like to see a more gradual growth in value.

We must focus on our masterplan, which is to have a working currency.
Our primary objective should be to think about creating a self-sustaining bitcoin ecosystem, where all goods, services and its supplies can be purchased with bitcoins.

We should treat all goods that can be only purchased with fiat (currency through payment processors) as imported goods.
We must create a "national market" that is unpegged to fiat currencies.

not a question of if, but of when this year

This.

Trust me, I'm more inclined to "hoard" my 'coin now than at, say, $10k (in today's $) per BTC. And I try to use some BTC for what it was intended - buying real stuff and carrying out real-world trade - now. In fact, I did so when BTC was at $10.

My bet:  may 2013 or sometime in 2015 or never(crash to zero)

Late summer we should hit $1000. At least by September, probably August.

       -Signed, The 2013 Exponential Growth Trend

For everyone saying this year we reach 1k, what do you have to back it up?

My judgment.

The growth rate is still a little slow if we are looking at just a fraction of 1% of the world's population adopting Bitcoin before 2040.
The more you sell the faster we get there.

I actually consider 1 BTC = 1000 USD and 1 BTC =10000 USD and even higher only a matter of time. The more interesting question is will the road to 10000 USD for example take a detour via 90 USD, 70 USD, 50 USD, 20 USD, or even below 10 USD?

PS: I mean constant 2013 USD here, not a Zimbabwe occurring in the United States.

The Earth hoarded all gold too before it became an actual currency.

Once the value has stabilized, then people will start spending their bitcoins.

My theory is simple - bitcoin, as a new independent currency, will have several cycles of wealth redistribution. Each cycle will have a rapid run up of the price followed by a shock selloff. Each cycle will result in initially mined coins redistributed more evenly. The $1->$30->$5 cycles, only an order of magnitude larger each time, will be a "normal" price determination process for some years to come.

This is interesting to watch and much more interesting to profit from. There will be many more opportunities like the one from 2012, of course not on the same level anymore. Just be ready to recognize and use them.

So even some bulls are anticipating a sharp sell off? Yikes.

the only question still open is - will it be a selloff from 1000 to 300? noone has an answer.

How can it be one grand when everybody will sell if it gets there?

the way i see it - if it were to reach $1000 people would be more inclined to spend a tiny portion of their BTC on stores such as bitcoinstore on tvs, computers, etc because essentially they are buying things with bitcoins (rather than fiat) that were once worth a fraction of the price.

The will of Satoshi. 'nuff said.  >:(

I think the situation depends entirely on Europe and the Coinlab deal.If the former has even more serious troubles[which seems likely] the rally will continue and if the latter gets the go ahead some.

When you hear the simultaneous transactions and purchases on Mtgox via listentobitcoin,it seems very probable.Just saw a purchase over 20,000 USD for btc lol.

Like I said before, that is simple: (collectively) don't sell for less.
That IS the back up.

The question is more if the Bitcoin Community is willing to take care for the stabilization of the price (a smooth redistribution of wealth) or like 'financially focused' individuals who scares the mainstream community with the most creepy cycles possible (and make profit out of them).
The mainstream community are the people who are able to make bitcoin the success we would like to see.
...well I hope...