Bitcoin Forum

Do you think BTC price will reach $1000? If so will it be stable or it will be a new jump point?

I'd guess many people would sell when/if it comes to that point. So maybe the price would fall a bit before increasing again. Just my theory though.

Many people would sell...  However I think that 1000 is the mark that will make news (again) and will further legitimize crypto-currencies.

current sell price 797, do you think today it will go above 850 ?

Maybe not today since the price went down a bit, but probably within 3-4 days I think.

my prediction is 1000 dollar in january

$1000 is not that far away. My prediction is that this barrier will be broken by december, but the price may go down afterwards for a short while.

Like many have said, Bitcoins will definitely hit $1000. It'll most likely be during Late December - Early January.

It will hit $1000 eventually, especially as more places accept it as currency.

BTC will hit $1,000USD in the next 48 hours and LTC will hit $12.

There's a BTC diff jump coming.  Probably the last of the "small" ones since the big rigs are starting to hit the streets now.

I figured I'd make my first post something memorable. :)

I highly doubt there will be such a jump for BTC, but LTC may hit $10-$11 or so in the next 48 hours. It's been steadily increasing lately and I have invested several hundred dollars into it myself.

Diff jump for BTC is 24 hours away.  My math was off by one day.

BTC 1000 is coming. :)

I read an article and they said that the final value (when all coins will be mined) of bitcoin should be between 20.000$ - 100.000$

remember that the 1k round value is only in dollars, CNY already passed that threshold a long time ago  ;)
anyway, my educated guess is by the end of the week

The value of BTC is set by a very free market, of completely unsophisticated investors.

Most of the people who are investing in BTC have no idea how to do a macro economic assessment, they have no idea how to estimate its value.  That means it is going to go through a hell of time of price discovery.  So expect volatility.

If we eliminate all risks - and do a flat macro assessment, then we can easily equate BTC with gold, in which case a valuation of around $1 million USD is reasonable, in fact is probably conservative.

However, BTC is not without risks - it has;

COMPETITIVE RISK - every currency, store of value and payment system is a competitor, whats the loss of market damage?  MODERATE TO HIGH imo.  
TECHNICAL RISK - what is the probability of technical failure, forks, server failures, blockchain corruption, entire net failure etc.  LOW imo.
SECURITY RISK - can it be hacked, faked, wallets compromised etc - LOW imo.
LEGAL RISK - whats the chance that it is shut out of markets by govts, restrictive regulation targets and undermines its anonymity etc?  MODERATE imo.

Given the risks - it unlikely to reach its idealized valuation.  What percentage of its value is it likely to achieve?  Well, as the price rises, then the associated risks will be seen to to increase (larger loss potential) - there will come a point where the risk profile will be considered too high to warrant a rpice increase.

I think BTC should easily achieve $10,000 - and $100,000 is also well within the range of possibility.  However the big risks (competitors, legal) can change in a minute - this uncertainty will only diminish over time, BTC needs to prove itself.

Just remember that BTC can go up or down.

However the trend has been that holding onto BTC has always given the best return.
BTC is not only a commodity or security but also can be used as a currency.

Germany has made the best tax incentive to invest in BTC.

One can expect that as more people adopt this technology, confidence and issues with the protocol will get ironed out.

Anyone's guess is as good as mine but I think USD / BTC will hit $2500 before it crashes hard to $50-250 range. It could happen over the next 6 to 12 weeks.